Almunajem Foods Co.’s H1 2022 estimated net profit after Zakat and tax more than tripled to SAR 219.6 million, compared to SAR 67.5 million a year earlier.
Item | 6m 2021 | 6m 2022 | Change |
---|---|---|---|
Revenues | 1,242.54 | 1,500.48 | 20.8 % |
Gross Income | 206.44 | 368.49 | 78.5 % |
Operating Income | 74.32 | 222.93 | 200.0 % |
Net Income | 67.46 | 219.68 | 225.7 % |
Average Shares | 60.00 | 60.00 | - |
EPS (Riyals) | 1.12 | 3.66 | 225.7 % |
The profit rise was driven by a 20.8% year-on-year (YoY) increase in revenue to SAR 1.500 billion.
Gross profit also jumped 79.4% YoY, on improved profit margins of most product categories, due to better trade conditions during the period.
This came despite an 11.6% YoY increase in operating expenses to SAR 147.5 million. The company also reported a 52.3% rise YoY in Zakat expenses to SAR 11.3 million as result of a wider Zakat base.
Item | Q2 2021 | Q2 2022 | Change |
---|---|---|---|
Revenues | 614.48 | 712.48 | 15.9 % |
Gross Income | 109.00 | 195.96 | 79.8 % |
Operating Income | 41.10 | 121.75 | 196.2 % |
Net Income | 37.99 | 122.12 | 221.5 % |
Average Shares | 60.00 | 60.00 | - |
EPS (Riyals) | 0.63 | 2.04 | 221.5 % |
Item | Q1 2022 | Q2 2022 | Change |
---|---|---|---|
Revenues | 788.01 | 712.48 | (9.6 %) |
Gross Income | 172.53 | 195.96 | 13.6 % |
Operating Income | 101.18 | 121.75 | 20.3 % |
Net Income | 97.56 | 122.12 | 25.2 % |
Average Shares | 60.00 | 60.00 | - |
EPS (Riyals) | 1.63 | 2.04 | 25.2 % |
The company’s Q2 2022 net profit after Zakat and tax increased over threefold to SAR 122.1 million, from SAR 37.99 million in the prior-year period, as revenue leapt 16% YoY to SAR 712.9 million. Moreover, gross profit saw a spike of 80.8% YoY.
Almunajem’s second-quarter net profit climbed 25.2% from SAR 97.56 million in Q1 2022.
Total shareholders’ equity, after minority interest, increased to SAR 904.4 million as of June 30, 2022, from SAR 707.9 million a year earlier.
Almunajem also noted that the estimated financial results for the current period were prepared by the management and have not yet been reviewed by the external auditor.
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2013 | - | - | - | - | - | - |
Q2 2013 | - | - | - | - | - | - |
Q3 2013 | - | - | - | - | - | - |
Q4 2013 | - | - | - | - | - | - |
2013 | - | - | - | - | - | - |
Q1 2014 | - | - | - | - | - | - |
Q2 2014 | - | - | - | - | - | - |
Q3 2014 | - | - | - | - | - | - |
Q4 2014 | - | - | - | - | - | - |
2014 | - | - | - | - | - | - |
Q1 2015 | - | - | - | - | - | - |
Q2 2015 | - | - | - | - | - | - |
Q3 2015 | - | - | - | - | - | - |
Q4 2015 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
Q1 2016 | - | - | - | - | - | - |
Q2 2016 | - | - | - | - | - | - |
Q3 2016 | - | - | - | - | - | - |
Q4 2016 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
Q1 2017 | - | - | - | - | - | - |
Q2 2017 | - | - | - | - | - | - |
Q3 2017 | - | - | - | - | - | - |
Q4 2017 | - | - | - | - | - | - |
2017 | 2,482.24 | - | 383.93 | - | 161.99 | - |
Q1 2018 | - | - | - | - | - | - |
Q2 2018 | - | - | - | - | - | - |
Q3 2018 | - | - | - | - | - | - |
Q4 2018 | - | - | - | - | - | - |
2018 | 2,497.35 | 0.6 % | 411.87 | 7.3 % | 184.38 | 13.8 % |
Q1 2019 | - | - | - | - | - | - |
Q2 2019 | - | - | - | - | - | - |
Q3 2019 | - | - | - | - | - | - |
Q4 2019 | - | - | - | - | - | - |
2019 | 2,419.06 | (3.1 %) | 334.65 | (18.7 %) | 104.03 | (43.6 %) |
Q1 2020 | 687.58 | - | 138.11 | - | 77.63 | - |
Q2 2020 | 602.41 | - | 126.89 | - | 61.62 | - |
Q3 2020 | 626.38 | - | 122.27 | - | 60.68 | - |
Q4 2020 | 622.09 | - | 100.28 | - | 30.96 | - |
2020 | 2,538.45 | 4.9 % | 487.55 | 45.7 % | 230.88 | 121.9 % |
Q1 2021 | 628.06 | (8.7 %) | 97.44 | (29.5 %) | 33.21 | (57.2 %) |
Q2 2021 | 614.48 | 2.0 % | 109.00 | (14.1 %) | 41.10 | (33.3 %) |
Q3 2021 | 654.99 | 4.6 % | 119.60 | (2.2 %) | 55.44 | (8.6 %) |
Q4 2021 | 679.50 | 9.2 % | 115.34 | 15.0 % | 49.12 | 58.6 % |
2021 | 2,577.02 | 1.5 % | 441.37 | (9.5 %) | 178.88 | (22.5 %) |
Q1 2022 | 788.01 | 25.5 % | 172.53 | 77.1 % | 101.18 | 204.7 % |
Q2 2022 | 712.48 | 15.9 % | 195.96 | 79.8 % | 121.75 | 196.2 % |
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
2012 | - | - | - | - | - | - |
2013 | - | - | - | - | - | - |
2014 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
2017 | 2,482.24 | - | 383.93 | - | 161.99 | - |
2018 | 2,497.35 | 0.6 % | 411.87 | 7.3 % | 184.38 | 13.8 % |
2019 | 2,419.06 | (3.1 %) | 334.65 | (18.7 %) | 104.03 | (43.6 %) |
2020 | 2,538.45 | 4.9 % | 487.55 | 45.7 % | 230.88 | 121.9 % |
2021 | 2,577.02 | 1.5 % | 441.37 | (9.5 %) | 178.88 | (22.5 %) |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2013 | - | - | - | - | - | - |
Q2 2013 | - | - | - | - | - | - |
Q3 2013 | - | - | - | - | - | - |
Q4 2013 | - | - | - | - | - | - |
2013 | - | - | - | - | - | - |
Q1 2014 | - | - | - | - | - | - |
Q2 2014 | - | - | - | - | - | - |
Q3 2014 | - | - | - | - | - | - |
Q4 2014 | - | - | - | - | - | - |
2014 | - | - | - | - | - | - |
Q1 2015 | - | - | - | - | - | - |
Q2 2015 | - | - | - | - | - | - |
Q3 2015 | - | - | - | - | - | - |
Q4 2015 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
Q1 2016 | - | - | - | - | - | - |
Q2 2016 | - | - | - | - | - | - |
Q3 2016 | - | - | - | - | - | - |
Q4 2016 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
Q1 2017 | - | - | - | - | - | - |
Q2 2017 | - | - | - | - | - | - |
Q3 2017 | - | - | - | - | - | - |
Q4 2017 | - | - | - | - | - | - |
2017 | 163.25 | - | 2.72 | - | 163.25 | 2.72 |
Q1 2018 | - | - | - | - | - | - |
Q2 2018 | - | - | - | - | - | - |
Q3 2018 | - | - | - | - | - | - |
Q4 2018 | - | - | - | - | - | - |
2018 | 149.48 | (8.4 %) | 2.49 | (23.48) | 172.96 | 2.88 |
Q1 2019 | - | - | - | - | - | - |
Q2 2019 | - | - | - | - | - | - |
Q3 2019 | - | - | - | - | - | - |
Q4 2019 | - | - | - | - | - | - |
2019 | 109.17 | (27.0 %) | 1.82 | 12.41 | 96.76 | 1.61 |
Q1 2020 | 75.67 | - | 1.26 | - | 75.67 | 1.26 |
Q2 2020 | 59.42 | - | 0.99 | - | 59.42 | 0.99 |
Q3 2020 | 66.80 | - | 1.11 | 10.25 | 56.55 | 0.94 |
Q4 2020 | 27.79 | - | 0.46 | - | 27.79 | 0.46 |
2020 | 229.68 | 110.4 % | 3.83 | 10.25 | 219.43 | 3.66 |
Q1 2021 | 29.47 | (61.1 %) | 0.49 | - | 29.47 | 0.49 |
Q2 2021 | 37.99 | (36.1 %) | 0.63 | - | 37.99 | 0.63 |
Q3 2021 | 52.66 | (21.2 %) | 0.88 | - | 52.66 | 0.88 |
Q4 2021 | 45.98 | 65.5 % | 0.77 | - | 45.98 | 0.77 |
2021 | 166.09 | (27.7 %) | 2.77 | - | 166.09 | 2.77 |
Q1 2022 | 97.56 | 231.1 % | 1.63 | - | 97.56 | 1.63 |
Q2 2022 | 122.12 | 221.5 % | 2.04 | - | 122.12 | 2.04 |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
2012 | - | - | - | - | - | - |
2013 | - | - | - | - | - | - |
2014 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
2017 | 163.25 | - | 2.72 | - | 163.25 | 2.72 |
2018 | 149.48 | (8.4 %) | 2.49 | (23.48) | 172.96 | 2.88 |
2019 | 109.17 | (27.0 %) | 1.82 | 12.41 | 96.76 | 1.61 |
2020 | 229.68 | 110.4 % | 3.83 | 10.25 | 219.43 | 3.66 |
2021 | 166.09 | (27.7 %) | 2.77 | - | 166.09 | 2.77 |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2013 | - | - | - |
Q2 2013 | - | - | - |
Q3 2013 | - | - | - |
Q4 2013 | - | - | - |
2013 | - | - | - |
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
2016 | - | - | - |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
2017 | 15.47 % | 7.62 % | 6.58 % |
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | - | - | - |
2018 | 16.49 % | 8.49 % | 6.93 % |
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | - | - | - |
Q4 2019 | - | - | - |
2019 | 13.83 % | 5.71 % | 4.00 % |
Q1 2020 | - | - | - |
Q2 2020 | - | - | - |
Q3 2020 | - | - | - |
Q4 2020 | 19.21 % | 10.55 % | 8.64 % |
2020 | 19.21 % | 10.55 % | 8.64 % |
Q1 2021 | 18.03 % | 9.02 % | 6.99 % |
Q2 2021 | 17.22 % | 8.14 % | 6.09 % |
Q3 2021 | 16.92 % | 7.82 % | 5.87 % |
Q4 2021 | 17.13 % | 8.34 % | 6.45 % |
2021 | 17.13 % | 8.34 % | 6.45 % |
Q1 2022 | 18.87 % | 10.35 % | 8.56 % |
Q2 2022 | 21.28 % | 12.86 % | 11.23 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
2012 | - | - | - |
2013 | - | - | - |
2014 | - | - | - |
2015 | - | - | - |
2016 | - | - | - |
2017 | 15.47 % | 7.62 % | 6.58 % |
2018 | 16.49 % | 8.49 % | 6.93 % |
2019 | 13.83 % | 5.71 % | 4.00 % |
2020 | 19.21 % | 10.55 % | 8.64 % |
2021 | 17.13 % | 8.34 % | 6.45 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2013 | - | - | - |
Q2 2013 | - | - | - |
Q3 2013 | - | - | - |
Q4 2013 | - | - | - |
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | - | - | - |
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | - | - | - |
Q4 2019 | - | - | - |
Q1 2020 | 20.09 % | 12.60 % | 11.00 % |
Q2 2020 | 21.06 % | 11.76 % | 9.86 % |
Q3 2020 | 19.52 % | 11.21 % | 9.03 % |
Q4 2020 | 16.12 % | 6.46 % | 4.47 % |
Q1 2021 | 15.51 % | 6.73 % | 4.69 % |
Q2 2021 | 17.74 % | 8.17 % | 6.18 % |
Q3 2021 | 18.26 % | 9.81 % | 8.04 % |
Q4 2021 | 16.97 % | 8.57 % | 6.77 % |
Q1 2022 | 21.89 % | 14.04 % | 12.38 % |
Q2 2022 | 27.50 % | 18.45 % | 17.14 % |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2013 | - | - | - | - |
Q2 2013 | - | - | - | - |
Q3 2013 | - | - | - | - |
Q4 2013 | - | - | - | - |
Q1 2014 | - | - | - | - |
Q2 2014 | - | - | - | - |
Q3 2014 | - | - | - | - |
Q4 2014 | - | - | - | - |
Q1 2015 | - | - | - | - |
Q2 2015 | - | - | - | - |
Q3 2015 | - | - | - | - |
Q4 2015 | - | - | - | - |
Q1 2016 | - | - | - | - |
Q2 2016 | - | - | - | - |
Q3 2016 | - | - | - | - |
Q4 2016 | - | - | - | - |
Q1 2017 | - | - | - | - |
Q2 2017 | - | - | - | - |
Q3 2017 | - | - | - | - |
Q4 2017 | - | - | - | - |
Q1 2018 | - | - | - | - |
Q2 2018 | - | - | - | - |
Q3 2018 | - | - | - | - |
Q4 2018 | - | - | - | - |
Q1 2019 | - | - | - | - |
Q2 2019 | - | - | - | - |
Q3 2019 | - | - | - | - |
Q4 2019 | - | - | - | - |
Q1 2020 | 60.00 | - | - | 8.99 |
Q2 2020 | 60.00 | - | - | 8.76 |
Q3 2020 | 60.00 | - | - | 8.41 |
Q4 2020 | 60.00 | 3.83 | 3.66 | 10.67 |
Q1 2021 | 60.00 | 3.06 | 2.89 | 11.17 |
Q2 2021 | 60.00 | 2.70 | 2.53 | 11.80 |
Q3 2021 | 60.00 | 2.47 | 2.47 | 12.68 |
Q4 2021 | 60.00 | 2.77 | 2.77 | 13.41 |
Q1 2022 | 60.00 | 3.90 | 3.90 | 15.04 |
Q2 2022 | 60.00 | 5.31 | 5.31 | 15.07 |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
2012 | - | - | - | - |
2013 | - | - | - | - |
2014 | - | - | - | - |
2015 | - | - | - | - |
2016 | - | - | - | - |
2017 | 60.00 | 2.72 | 2.72 | 8.88 |
2018 | 60.00 | 2.49 | 2.88 | 7.97 |
2019 | 60.00 | 1.82 | 1.61 | 7.73 |
2020 | 60.00 | 3.83 | 3.66 | 10.67 |
2021 | 60.00 | 2.77 | 2.77 | 13.41 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2013 | - | - | - |
Q2 2013 | - | - | - |
Q3 2013 | - | - | - |
Q4 2013 | - | - | - |
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | - | - | - |
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | - | - | - |
Q4 2019 | - | - | - |
Q1 2020 | - | - | - |
Q2 2020 | - | - | - |
Q3 2020 | - | - | - |
Q4 2020 | - | - | - |
Q1 2021 | - | - | - |
Q2 2021 | - | - | - |
Q3 2021 | - | - | - |
Q4 2021 | 20.99 | 20.99 | 4.33 |
Q1 2022 | 15.63 | 15.63 | 4.06 |
Q2 2022 | 11.10 | 11.10 | 3.91 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
2012 | - | - | - |
2013 | - | - | - |
2014 | - | - | - |
2015 | - | - | - |
2016 | - | - | - |
2017 | - | - | - |
2018 | - | - | - |
2019 | - | - | - |
2020 | - | - | - |
2021 | 20.99 | 20.99 | 4.33 |
Q2 2022
2022
Period | Wholesale goods-in-transit& food services | Retail goods-in-transit | Storage rent revenue |
---|---|---|---|
Q1 2020 | 401.89 | 284.09 | 1.60 |
Q2 2020 | 304.78 | 295.59 | 2.04 |
Q3 2020 | 384.57 | 239.88 | 1.93 |
Q4 2020 | 392.00 | 228.55 | 1.54 |
Q1 2021 | 348.08 | 278.34 | 1.63 |
Q2 2021 | 378.14 | 234.31 | 2.04 |
Q3 2021 | 421.05 | 231.70 | 2.24 |
Q4 2021 | 442.62 | 234.47 | 2.40 |
Q1 2022 | 458.20 | 326.49 | 3.32 |
Q2 2022 | 421.01 | 288.15 | 3.31 |
Period | Wholesale goods-in-transit& food services | Retail goods-in-transit | Storage rent revenue |
---|---|---|---|
2019 | 1,543.80 | 867.45 | 7.81 |
2020 | 1,483.24 | 1,048.11 | 7.10 |
2021 | 1,589.88 | 978.83 | 8.31 |
Current | |
Market Cap (M Riyal) | 5,970.00 |
Enterprise Value (EV) (M) | 5,900.05 |
Shares Outstanding ((M)) | 60.00 |
EPS ( Riyal) (TTM) | 5.34 |
Book Value (BV) ( Riyal) | 17.17 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | 19.29 |
P/E (TTM) | 18.62 |
Price/book | 5.79 |
Return on Average Assets (%) (TTM) | 19.8 |
Return on Average Equity (%) (TTM) | 31.9 |
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