eXtra profit dips 11% to SAR 390.5M in 2023; Q4 at SAR 126.2M

08/01/2024 Argaam Exclusive

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United Electronics Co. (eXtra) reported an estimated net profit of SAR 390.5 million in 2023, a drop of 11% from SAR 440.2 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	6,031.07	6,200.69	2.8 %
Gross Income	1,265.06	1,366.58	8.0 %
Operating Income	484.15	509.94	5.3 %
Net Income	440.17	390.46	(11.3 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	5.50	4.88	(11.3 %)

The annual results were hurt by higher interest rates, which increased finance costs by SAR 46.3 million year-on-year (YoY).

The company recognized non-recurring losses of SAR 32.3 million in Q2 2023 as it discontinued its expansion plans in Egypt.

Further, selling and marketing, as well as general and administrative expenses increased, compared to the year-earlier period. Non-recurring revenue also weighed on eXtra’s annual profit.

On the other hand, the retail sector sales and consumer finance services reported growth. In addition, United Company for Financial Services (Tas’heel) reported a net profit of SAR 212.3 million in 2023, compared to SAR 193.6 million in 2022.

The fourth-quarter net profit grew 4% to SAR 126.2 million, from SAR 121.4 million in Q4 2022, driven by higher consumer finance revenue. Gross profit also increased by 4% to SAR 367.9 million from SAR 353.8 million in 2022.

Meanwhile, the retail industry was negatively impacted by a slight decline in sales.

Tas’heel’s net profit grew to SAR 55.2 million from SAR 49.5 million in Q4 2022.

The Q4 2023 bottom line also rose 6.7% from SAR 118.27 million in the previous quarter, thanks to seasonal changes in top line, higher revenue from eXtra’s services and better consumer finance revenue.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	1,545.96	1,559.66	0.9 %
Gross Income	353.78	372.78	5.4 %
Operating Income	143.41	132.75	(7.4 %)
Net Income	121.39	126.08	3.9 %
Average Shares	80.00	80.00	-
EPS (Riyals)	1.52	1.58	3.9 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	1,452.18	1,559.66	7.4 %
Gross Income	334.21	372.78	11.5 %
Operating Income	142.65	132.75	(6.9 %)
Net Income	118.27	126.08	6.6 %
Average Shares	80.00	80.00	-
EPS (Riyals)	1.48	1.58	6.6 %

Total shareholders’ equity, no minority interest, rose to SAR 1.28 billion as of Dec. 31, 2023, compared to SAR 1.13 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	807.33	11.6 %	144.84	14.4 %	30.64	13.9 %
Q2 2014	984.29	1.3 %	167.96	4.8 %	56.14	2.3 %
Q3 2014	809.06	3.9 %	144.06	2.1 %	30.30	0.0 %
Q4 2014	1,088.69	19.1 %	163.90	(5.6 %)	8.71	(85.6 %)
2014	3,689.36	8.9 %	620.76	3.2 %	125.79	(27.0 %)
Q1 2015	871.71	8.0 %	134.11	(7.4 %)	17.45	(43.1 %)
Q2 2015	879.50	(10.6 %)	138.51	(17.5 %)	13.12	(76.6 %)
Q3 2015	719.66	(11.0 %)	128.60	(10.7 %)	11.99	(60.4 %)
Q4 2015	1,273.91	17.0 %	176.00	7.4 %	12.59	44.5 %
2015	3,744.79	1.5 %	577.54	(7.0 %)	55.14	(56.2 %)
Q1 2016	742.91	(14.8 %)	97.51	(27.3 %)	(44.71)	(356.3 %)
Q2 2016	881.27	0.2 %	145.33	4.9 %	12.16	(7.3 %)
Q3 2016	745.45	3.6 %	133.06	3.5 %	11.94	(0.4 %)
Q4 2016	1,387.04	8.9 %	213.39	21.2 %	44.13	250.6 %
2016	3,756.67	0.3 %	589.29	2.0 %	23.51	(57.4 %)
Q1 2017	804.67	8.3 %	134.40	37.8 %	14.03	131.4 %
Q2 2017	1,013.91	15.1 %	172.29	18.6 %	44.08	262.5 %
Q3 2017	777.96	4.4 %	150.59	13.2 %	28.11	135.5 %
Q4 2017	1,613.25	16.3 %	253.04	18.6 %	70.08	58.8 %
2017	4,209.78	12.1 %	710.33	20.5 %	156.30	564.8 %
Q1 2018	864.61	7.4 %	152.75	13.6 %	25.19	79.5 %
Q2 2018	1,015.36	0.1 %	185.12	7.4 %	51.47	16.8 %
Q3 2018	894.82	15.0 %	172.16	14.3 %	34.07	21.2 %
Q4 2018	1,619.28	0.4 %	269.38	6.5 %	69.27	(1.2 %)
2018	4,394.08	4.4 %	779.61	9.8 %	180.00	15.2 %
Q1 2019	1,057.51	22.3 %	187.98	23.1 %	47.41	88.2 %
Q2 2019	1,161.50	14.4 %	226.46	22.3 %	73.08	42.0 %
Q3 2019	1,034.56	15.6 %	185.82	7.9 %	38.40	12.7 %
Q4 2019	1,881.04	16.2 %	300.93	11.7 %	89.88	29.8 %
2019	5,134.60	16.9 %	901.18	15.6 %	248.77	38.2 %
Q1 2020	1,232.25	16.5 %	220.77	17.4 %	53.24	12.3 %
Q2 2020	1,550.86	33.5 %	276.12	21.9 %	118.47	62.1 %
Q3 2020	1,224.52	18.4 %	225.59	21.4 %	70.32	83.1 %
Q4 2020	1,954.69	3.9 %	316.83	5.3 %	112.10	24.7 %
2020	5,962.32	16.1 %	1,039.30	15.3 %	354.14	42.4 %
Q1 2021	1,364.33	10.7 %	260.21	17.9 %	96.15	80.6 %
Q2 2021	1,328.79	(14.3 %)	289.79	5.0 %	108.12	(8.7 %)
Q3 2021	1,373.10	12.1 %	280.17	24.2 %	101.91	44.9 %
Q4 2021	1,767.41	(9.6 %)	353.48	11.6 %	146.65	30.8 %
2021	5,833.63	(2.2 %)	1,183.65	13.9 %	452.83	27.9 %
Q1 2022	1,411.98	3.5 %	290.17	11.5 %	113.62	18.2 %
Q2 2022	1,700.41	28.0 %	320.90	10.7 %	124.24	14.9 %
Q3 2022	1,372.71	0.0 %	300.21	7.2 %	102.88	1.0 %
Q4 2022	1,545.96	(12.5 %)	353.78	0.1 %	143.41	(2.2 %)
2022	6,031.07	3.4 %	1,265.06	6.9 %	484.15	6.9 %
Q1 2023	1,438.14	1.9 %	313.88	8.2 %	108.70	(4.3 %)
Q2 2023	1,749.73	2.9 %	344.72	7.4 %	124.86	0.5 %
Q3 2023	1,452.18	5.8 %	334.21	11.3 %	142.65	38.7 %
Q4 2023	1,559.66	0.9 %	372.78	5.4 %	132.75	(7.4 %)
2023	6,200.69	2.8 %	1,366.58	8.0 %	509.94	5.3 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	3,689.36	8.9 %	620.76	3.2 %	125.79	(27.0 %)
2015	3,744.79	1.5 %	577.54	(7.0 %)	55.14	(56.2 %)
2016	3,756.67	0.3 %	589.29	2.0 %	23.51	(57.4 %)
2017	4,209.78	12.1 %	710.33	20.5 %	156.30	564.8 %
2018	4,394.08	4.4 %	779.61	9.8 %	180.00	15.2 %
2019	5,134.60	16.9 %	901.18	15.6 %	248.77	38.2 %
2020	5,962.32	16.1 %	1,039.30	15.3 %	354.14	42.4 %
2021	5,833.63	(2.2 %)	1,183.65	13.9 %	452.83	27.9 %
2022	6,031.07	3.4 %	1,265.06	6.9 %	484.15	6.9 %
2023	6,200.69	2.8 %	1,366.58	8.0 %	509.94	5.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	29.25	11.6 %	0.37	-	29.25	0.37
Q2 2014	53.77	0.9 %	0.67	-	53.77	0.67
Q3 2014	29.75	1.0 %	0.37	-	29.75	0.37
Q4 2014	8.28	(85.8 %)	0.10	-	8.28	0.10
2014	121.04	(27.7 %)	1.51	-	121.04	1.51
Q1 2015	16.08	(45.0 %)	0.20	-	16.08	0.20
Q2 2015	11.83	(78.0 %)	0.15	-	11.83	0.15
Q3 2015	12.20	(59.0 %)	0.15	-	12.20	0.15
Q4 2015	9.07	9.7 %	0.11	-	9.07	0.11
2015	49.18	(59.4 %)	0.61	-	49.18	0.61
Q1 2016	(45.89)	(385.4 %)	(0.57)	-	(45.89)	(0.57)
Q2 2016	11.02	(6.8 %)	0.14	-	11.02	0.14
Q3 2016	6.16	(49.5 %)	0.08	(5.20)	11.36	0.14
Q4 2016	26.34	190.2 %	0.33	(15.62)	41.96	0.52
2016	(2.36)	(104.8 %)	(0.03)	(20.82)	18.46	0.23
Q1 2017	12.99	128.3 %	0.16	-	12.99	0.16
Q2 2017	43.37	293.4 %	0.54	-	43.37	0.54
Q3 2017	26.13	324.1 %	0.33	-	26.13	0.33
Q4 2017	57.65	118.9 %	0.72	(9.60)	67.25	0.84
2017	140.14	6028.0 %	1.75	(9.60)	149.74	1.87
Q1 2018	21.57	66.0 %	0.27	-	21.57	0.27
Q2 2018	45.59	5.1 %	0.57	-	45.59	0.57
Q3 2018	30.95	18.5 %	0.39	-	30.95	0.39
Q4 2018	63.08	9.4 %	0.79	-	63.08	0.79
2018	161.19	15.0 %	2.01	-	161.19	2.01
Q1 2019	33.83	56.8 %	0.42	-	33.83	0.42
Q2 2019	72.46	58.9 %	0.91	17.47	54.99	0.69
Q3 2019	27.23	(12.0 %)	0.34	4.50	22.73	0.28
Q4 2019	72.09	14.3 %	0.90	-	72.09	0.90
2019	205.61	27.6 %	2.57	21.97	183.64	2.30
Q1 2020	34.68	2.5 %	0.43	-	34.68	0.43
Q2 2020	90.38	24.7 %	1.13	-	90.38	1.13
Q3 2020	53.44	96.2 %	0.67	-	53.44	0.67
Q4 2020	101.64	41.0 %	1.27	-	101.64	1.27
2020	280.14	36.2 %	3.50	-	280.14	3.50
Q1 2021	81.20	134.1 %	1.01	-	81.20	1.01
Q2 2021	100.50	11.2 %	1.26	-	100.50	1.26
Q3 2021	89.00	66.6 %	1.11	-	89.00	1.11
Q4 2021	126.14	24.1 %	1.58	-	126.14	1.58
2021	396.83	41.7 %	4.96	-	396.83	4.96
Q1 2022	97.51	20.1 %	1.22	-	97.51	1.22
Q2 2022	127.12	26.5 %	1.59	17.36	109.76	1.37
Q3 2022	94.16	5.8 %	1.18	2.78	91.38	1.14
Q4 2022	121.39	(3.8 %)	1.52	-	121.39	1.52
2022	440.17	10.9 %	5.50	20.14	420.04	5.25
Q1 2023	84.44	(13.4 %)	1.06	-	84.44	1.06
Q2 2023	61.67	(51.5 %)	0.77	(38.00)	99.67	1.25
Q3 2023	118.27	25.6 %	1.48	-	118.27	1.48
Q4 2023	126.08	3.9 %	1.58	-	126.08	1.58
2023	390.46	(11.3 %)	4.88	(38.00)	428.46	5.36

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	121.04	(27.7 %)	1.51	-	121.04	1.51
2015	49.18	(59.4 %)	0.61	-	49.18	0.61
2016	(2.36)	(104.8 %)	(0.03)	(20.82)	18.46	0.23
2017	140.14	6028.0 %	1.75	(9.60)	149.74	1.87
2018	161.19	15.0 %	2.01	-	161.19	2.01
2019	205.61	27.6 %	2.57	21.97	183.64	2.30
2020	280.14	36.2 %	3.50	-	280.14	3.50
2021	396.83	41.7 %	4.96	-	396.83	4.96
2022	440.17	10.9 %	5.50	20.14	420.04	5.25
2023	390.46	(11.3 %)	4.88	(38.00)	428.46	5.36

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	17.85 %	6.24 %	4.91 %
Q2 2014	18.01 %	6.30 %	4.90 %
Q3 2014	17.93 %	6.28 %	4.87 %
Q4 2014	16.83 %	4.60 %	3.28 %
2014	16.83 %	4.60 %	3.28 %
Q1 2015	16.25 %	4.19 %	2.87 %
Q2 2015	15.91 %	3.15 %	1.81 %
Q3 2015	15.88 %	2.72 %	1.36 %
Q4 2015	15.41 %	2.71 %	1.31 %
2015	15.42 %	2.71 %	1.31 %
Q1 2016	14.95 %	1.10 %	(0.35 %)
Q2 2016	15.13 %	1.00 %	(0.38 %)
Q3 2016	15.15 %	1.01 %	(0.40 %)
Q4 2016	15.69 %	1.78 %	0.49 %
2016	15.69 %	1.78 %	0.49 %
Q1 2017	16.40 %	3.25 %	2.03 %
Q2 2017	16.53 %	4.02 %	2.78 %
Q3 2017	16.84 %	4.36 %	3.12 %
Q4 2017	16.87 %	4.76 %	3.56 %
2017	16.87 %	4.76 %	3.56 %
Q1 2018	17.07 %	4.96 %	3.71 %
Q2 2018	17.36 %	5.09 %	3.76 %
Q3 2018	17.39 %	5.08 %	3.77 %
Q4 2018	17.74 %	5.02 %	3.67 %
2018	17.74 %	5.02 %	3.67 %
Q1 2019	17.76 %	5.57 %	3.78 %
Q2 2019	18.08 %	6.11 %	3.86 %
Q3 2019	17.85 %	6.32 %	3.58 %
Q4 2019	17.55 %	6.79 %	3.58 %
2019	17.55 %	6.79 %	3.58 %
Q1 2020	17.59 %	6.76 %	3.47 %
Q2 2020	17.26 %	7.19 %	3.86 %
Q3 2020	17.38 %	7.55 %	4.26 %
Q4 2020	17.43 %	7.76 %	4.70 %
2020	17.43 %	7.76 %	4.70 %
Q1 2021	17.70 %	8.25 %	5.36 %
Q2 2021	18.60 %	8.34 %	5.73 %
Q3 2021	19.05 %	8.63 %	6.18 %
Q4 2021	20.29 %	9.49 %	6.80 %
2021	20.29 %	9.49 %	6.80 %
Q1 2022	20.64 %	9.76 %	7.02 %
Q2 2022	19.91 %	9.50 %	6.76 %
Q3 2022	20.23 %	9.58 %	6.79 %
Q4 2022	20.98 %	9.83 %	6.96 %
2022	20.98 %	9.83 %	6.96 %
Q1 2023	21.28 %	9.74 %	6.72 %
Q2 2023	21.49 %	9.66 %	6.50 %
Q3 2023	21.77 %	10.17 %	6.85 %
Q4 2023	22.03 %	10.06 %	6.91 %
2023	22.04 %	10.07 %	6.91 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	16.83 %	4.60 %	3.28 %
2015	15.42 %	2.71 %	1.31 %
2016	15.69 %	1.78 %	0.49 %
2017	16.87 %	4.76 %	3.56 %
2018	17.74 %	5.02 %	3.67 %
2019	17.55 %	6.79 %	3.58 %
2020	17.43 %	7.76 %	4.70 %
2021	20.29 %	9.49 %	6.80 %
2022	20.98 %	9.83 %	6.96 %
2023	22.04 %	10.07 %	6.91 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	17.94 %	5.12 %	3.62 %
Q2 2014	17.06 %	6.83 %	5.46 %
Q3 2014	17.81 %	5.14 %	3.68 %
Q4 2014	15.05 %	1.80 %	0.76 %
Q1 2015	15.38 %	3.32 %	1.84 %
Q2 2015	15.75 %	2.81 %	1.34 %
Q3 2015	17.87 %	3.27 %	1.70 %
Q4 2015	13.82 %	1.91 %	0.71 %
Q1 2016	13.13 %	(4.41 %)	(6.18 %)
Q2 2016	16.49 %	2.38 %	1.25 %
Q3 2016	17.85 %	3.23 %	1.52 %
Q4 2016	15.38 %	3.94 %	3.02 %
Q1 2017	16.70 %	3.02 %	1.61 %
Q2 2017	16.99 %	5.50 %	4.28 %
Q3 2017	19.36 %	5.01 %	3.36 %
Q4 2017	15.69 %	5.06 %	4.17 %
Q1 2018	17.67 %	4.11 %	2.50 %
Q2 2018	18.23 %	6.04 %	4.49 %
Q3 2018	19.24 %	4.94 %	3.46 %
Q4 2018	16.64 %	4.91 %	3.90 %
Q1 2019	17.78 %	6.64 %	3.20 %
Q2 2019	19.50 %	8.21 %	4.73 %
Q3 2019	17.96 %	6.06 %	2.20 %
Q4 2019	16.00 %	6.39 %	3.83 %
Q1 2020	17.92 %	6.56 %	2.81 %
Q2 2020	17.80 %	9.40 %	5.83 %
Q3 2020	18.42 %	7.97 %	4.36 %
Q4 2020	16.21 %	7.07 %	5.20 %
Q1 2021	19.07 %	8.86 %	5.95 %
Q2 2021	21.81 %	10.02 %	7.56 %
Q3 2021	20.40 %	9.27 %	6.48 %
Q4 2021	20.00 %	9.76 %	7.14 %
Q1 2022	20.55 %	9.97 %	6.91 %
Q2 2022	18.87 %	9.01 %	6.46 %
Q3 2022	21.87 %	9.66 %	6.66 %
Q4 2022	22.88 %	10.77 %	7.85 %
Q1 2023	21.83 %	9.57 %	5.87 %
Q2 2023	19.70 %	8.74 %	5.70 %
Q3 2023	23.01 %	11.84 %	8.14 %
Q4 2023	23.90 %	10.33 %	8.08 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	80.00	2.13	2.13	6.47
Q2 2014	80.00	2.14	2.14	6.74
Q3 2014	80.00	2.14	2.14	6.74
Q4 2014	80.00	1.51	1.51	6.47
Q1 2015	80.00	1.35	1.35	6.67
Q2 2015	80.00	0.82	0.82	6.61
Q3 2015	80.00	0.60	0.60	6.53
Q4 2015	80.00	0.61	0.61	6.65
Q1 2016	80.00	(0.16)	(0.16)	6.09
Q2 2016	80.00	(0.17)	(0.17)	6.22
Q3 2016	80.00	(0.25)	(0.18)	6.31
Q4 2016	80.00	(0.03)	0.23	6.60
Q1 2017	80.00	0.71	0.97	5.87
Q2 2017	80.00	1.11	1.37	6.41
Q3 2017	80.00	1.36	1.56	6.35
Q4 2017	80.00	1.75	1.87	7.08
Q1 2018	80.00	1.86	1.98	6.68
Q2 2018	80.00	1.89	2.01	7.25
Q3 2018	80.00	1.95	2.07	7.25
Q4 2018	80.00	2.01	2.01	8.07
Q1 2019	80.00	2.17	2.17	7.46
Q2 2019	80.00	2.50	2.29	7.61
Q3 2019	80.00	2.46	2.18	7.34
Q4 2019	80.00	2.57	2.30	8.25
Q1 2020	80.00	2.58	2.31	7.91
Q2 2020	80.00	2.80	2.75	9.14
Q3 2020	80.00	3.13	3.13	9.11
Q4 2020	80.00	3.50	3.50	10.32
Q1 2021	80.00	4.08	4.08	9.77
Q2 2021	80.00	4.21	4.21	11.10
Q3 2021	80.00	4.65	4.65	10.80
Q4 2021	80.00	4.96	4.96	12.41
Q1 2022	80.00	5.16	5.16	11.81
Q2 2022	80.00	5.50	5.28	13.42
Q3 2022	80.00	5.56	5.31	12.78
Q4 2022	80.00	5.50	5.25	14.24
Q1 2023	80.00	5.34	5.09	15.31
Q2 2023	80.00	4.52	4.96	14.18
Q3 2023	80.00	4.82	5.30	14.22
Q4 2023	80.00	4.88	5.36	16.05

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	80.00	1.51	1.51	6.47
2015	80.00	0.61	0.61	6.65
2016	80.00	(0.03)	0.23	6.60
2017	80.00	1.75	1.87	7.08
2018	80.00	2.01	2.01	8.07
2019	80.00	2.57	2.30	8.25
2020	80.00	3.50	3.50	10.32
2021	80.00	4.96	4.96	12.41
2022	80.00	5.50	5.25	14.24
2023	80.00	4.88	5.36	16.05

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	20.14	20.14	6.63
Q2 2014	21.37	21.37	6.77
Q3 2014	20.58	20.58	6.53
Q4 2014	19.84	19.84	4.64
Q1 2015	26.44	26.44	5.35
Q2 2015	45.96	45.96	5.73
Q3 2015	34.06	34.06	3.15
Q4 2015	29.17	29.17	2.70
Q1 2016	NEG	NEG	1.91
Q2 2016	NEG	NEG	1.89
Q3 2016	NEG	NEG	1.28
Q4 2016	NEG	51.15	1.79
Q1 2017	21.61	15.79	2.60
Q2 2017	14.89	12.06	2.58
Q3 2017	17.41	15.22	3.73
Q4 2017	14.12	13.21	3.49
Q1 2018	19.10	17.94	5.31
Q2 2018	17.35	16.32	4.51
Q3 2018	17.30	16.30	4.65
Q4 2018	19.85	19.85	4.96
Q1 2019	17.32	17.32	5.03
Q2 2019	16.85	18.46	5.55
Q3 2019	18.56	20.90	6.21
Q4 2019	18.21	20.39	5.67
Q1 2020	13.88	15.53	4.53
Q2 2020	14.71	15.01	4.51
Q3 2020	16.69	16.69	5.74
Q4 2020	18.53	18.53	6.28
Q1 2021	19.29	19.29	8.06
Q2 2021	23.70	23.70	8.98
Q3 2021	22.98	22.98	9.91
Q4 2021	20.47	20.47	8.18
Q1 2022	19.32	19.32	8.45
Q2 2022	15.44	16.08	6.33
Q3 2022	14.83	15.54	6.46
Q4 2022	12.56	13.16	4.85
Q1 2023	14.55	15.27	5.08
Q2 2023	16.24	14.80	5.18
Q3 2023	15.66	14.25	5.31
Q4 2023	18.38	16.75	5.59

Period	P/E	Adjusted P/E	Price/book
2014	19.84	19.84	4.64
2015	29.17	29.17	2.70
2016	NEG	51.15	1.79
2017	14.12	13.21	3.49
2018	19.85	19.85	4.96
2019	18.21	20.39	5.67
2020	18.53	18.53	6.28
2021	20.47	20.47	8.18
2022	12.56	13.16	4.85
2023	18.38	16.75	5.59

Business Segments (Million)

Compared With The

Period	Retail / Wholesale	Consumer Finance	Other activities	Consolidation adjustments & eliminations
Q1 2020	1,214.34	18.75	2.48	(3.32)
Q2 2020	1,525.80	25.91	2.19	(3.04)
Q3 2020	1,189.03	36.33	3.38	(4.59)
Q4 2020	1,898.20	49.64	10.72	(3.51)
Q1 2021	1,304.32	61.38	3.79	(5.16)
Q2 2021	1,257.45	71.70	3.80	(4.16)
Q3 2021	1,293.20	80.45	3.87	(4.41)
Q4 2021	1,675.79	87.38	9.53	(5.28)
Q1 2022	1,318.29	94.61	4.64	(5.56)
Q2 2022	1,604.59	96.75	4.99	(5.92)
Q3 2022	1,265.96	107.01	4.99	(5.24)
Q4 2022	1,429.17	118.59	5.41	(7.21)
Q1 2023	1,316.48	122.63	5.73	(6.70)
Q2 2023	1,623.39	127.34	5.84	(6.83)
Q3 2023	1,320.90	133.25	4.54	(5.53)
Q4 2023	1,420.00	140.64	5.95	(6.93)

Period	Retail / Wholesale	Consumer Finance	Other activities	Consolidation adjustments & eliminations
2019	5,120.24	15.58	3.26	(4.48)
2020	5,827.37	130.63	18.78	(14.47)
2021	5,530.76	300.90	20.99	(19.01)
2022	5,618.01	416.96	20.03	(23.93)
2023	5,680.76	523.86	22.06	(25.99)

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	125.50	126.08	0.46 %

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
SNB Capital	128.00	126.08	(1.5) %
Al Rajhi Capital	123.00	126.08	2.5 %

Financial Ratios

	Current
Market Cap (M Riyal)	7,680.00
Enterprise Value (EV) (M)	8,914.89
Shares Outstanding ((M))	80.00
EPS ( Riyal) (TTM)	6.04
Book Value (BV) ( Riyal)	16.97
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	16.46
P/E (TTM)	15.90
Price/book	5.66
Return on Average Assets (%) (TTM)	10.6
Return on Average Equity (%) (TTM)	38.7

United Electronics Co. (EXTRA)

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eXtra profit dips 11% to SAR 390.5M in 2023; Q4 at SAR 126.2M

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Profit Performance (Million)

Profit Performance (Million)

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Per Share Data (Riyal)

Per Share Data (Riyal)

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Ratios And Multiples

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Revenue by Business Segment (Latest) 2023 Q4

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eXtra profit dips 11% to SAR 390.5M in 2023; Q4 at SAR 126.2M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United Electronics Co. (EXTRA)

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Business Segments (Million)