Financial Results : Tasheel Finance profit down 2% to SAR 52.8M in Q1 2024

Tasheel Finance profit down 2% to SAR 52.8M in Q1 2024

11/06/2024 Argaam Exclusive

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United Company for Financial Services (Tasheel Finance) profit fell 2% to SAR 52.8 million in Q1 2024 from SAR 54.1 million in Q1 2023.


Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Net income from finance commissions 109.63 121.04 10.4 %
Net Income 54.07 52.82 (2.3 %)
Average Shares 35.00 35.00 -
EPS (Riyals) 1.54 1.51 (2.3 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 (3.43) - (0.10) - (3.43) (0.10)
Q2 2019 (6.61) - (0.19) - (6.61) (0.19)
Q3 2019 (5.70) - (0.16) - (5.70) (0.16)
Q4 2019 (3.06) - (0.09) - (3.06) (0.09)
Q1 2020 (4.01) (16.8 %) (0.11) - (4.01) (0.11)
Q2 2020 4.23 164.0 % 0.12 - 4.23 0.12
Q3 2020 6.02 205.6 % 0.17 - 6.02 0.17
Q4 2020 15.10 593.5 % 0.43 - 15.10 0.43
Q1 2021 20.25 605.7 % 0.58 - 20.25 0.58
Q2 2021 25.39 500.4 % 0.73 - 25.39 0.73
Q3 2021 35.55 490.6 % 1.02 - 35.55 1.02
Q4 2021 47.58 215.1 % 1.36 - 47.58 1.36
Q1 2022 53.76 165.4 % 1.54 - 53.76 1.54
Q2 2022 45.12 77.7 % 1.29 - 45.12 1.29
Q3 2022 45.20 27.2 % 1.29 - 45.20 1.29
Q4 2022 49.55 4.1 % 1.42 - 49.55 1.42
Q1 2023 54.07 0.6 % 1.54 - 54.07 1.54
Q2 2023 49.71 10.2 % 1.42 - 49.71 1.42
Q3 2023 53.41 18.2 % 1.53 - 53.41 1.53
Q4 2023 55.17 11.3 % 1.58 - 55.17 1.58
Q1 2024 52.82 (2.3 %) 1.51 - 52.82 1.51


Financial results (Million)

Period Commission income from finance and investments Change Net income from finance commissions Change
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 0.60 - 0.60 -
Q3 2019 5.41 - 5.41 -
Q4 2019 9.57 - 9.57 -
Q1 2020 18.75 - 17.19 -
Q2 2020 25.92 4212.0 % 24.75 4018.0 %
Q3 2020 36.33 571.5 % 35.08 548.4 %
Q4 2020 49.64 418.8 % 48.23 404.1 %
Q1 2021 61.38 227.4 % 58.03 237.6 %
Q2 2021 71.70 176.7 % 68.26 175.8 %
Q3 2021 80.45 121.4 % 77.71 121.5 %
Q4 2021 87.38 76.0 % 85.68 77.6 %
Q1 2022 94.60 54.1 % 90.92 56.7 %
Q2 2022 96.76 35.0 % 92.00 34.8 %
Q3 2022 107.00 33.0 % 98.93 27.3 %
Q4 2022 118.59 35.7 % 107.34 25.3 %
Q1 2023 122.99 30.0 % 109.63 20.6 %
Q2 2023 127.96 32.2 % 112.27 22.0 %
Q3 2023 132.26 23.6 % 115.38 16.6 %
Q4 2023 140.64 18.6 % 123.34 14.9 %
Q1 2024 139.44 13.4 % 121.04 10.4 %

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
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 - - (120.62 %)
Q1 2020 - (14.16 %) (56.43 %)
Q2 2020 - (6.29 %) (14.31 %)
Q3 2020 - 1.35 % 3.51 %
Q4 2020 4.45 % 8.84 % 16.34 %
Q1 2021 6.77 % 18.28 % 26.32 %
Q2 2021 8.78 % 25.26 % 30.48 %
Q3 2021 10.02 % 25.00 % 36.59 %
Q4 2021 12.63 % 30.94 % 42.80 %
Q1 2022 14.27 % 35.80 % 48.57 %
Q2 2022 15.08 % 37.26 % 50.67 %
Q3 2022 14.37 % 36.24 % 49.69 %
Q4 2022 13.49 % 33.52 % 46.44 %
Q1 2023 12.69 % 30.71 % 43.55 %
Q2 2023 12.29 % 29.24 % 41.66 %
Q3 2023 12.27 % 28.39 % 41.20 %
Q4 2023 12.00 % 27.19 % 40.54 %
Q1 2024 11.10 % 25.30 % 39.07 %

Balance Sheet (B)

Period Assets Change Net Finance Investments Change
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 0.18 - 0.14 -
Q1 2020 0.39 - 0.30 -
Q2 2020 0.49 - 0.38 -
Q3 2020 0.77 - 0.52 -
Q4 2020 0.78 341.6 % 0.70 388.7 %
Q1 2021 0.96 147.0 % 0.84 181.1 %
Q2 2021 1.03 111.8 % 0.98 158.5 %
Q3 2021 1.15 49.6 % 1.07 106.7 %
Q4 2021 1.26 61.0 % 1.19 68.7 %
Q1 2022 1.31 37.0 % 1.25 49.9 %
Q2 2022 1.38 33.6 % 1.33 36.3 %
Q3 2022 1.52 31.6 % 1.45 35.8 %
Q4 2022 1.61 28.2 % 1.55 31.1 %
Q1 2023 1.74 32.6 % 1.68 34.0 %
Q2 2023 1.85 33.9 % 1.74 31.1 %
Q3 2023 1.85 22.3 % 1.79 23.5 %
Q4 2023 1.93 19.4 % 1.87 20.1 %
Q1 2024 2.06 18.3 % 1.98 18.0 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 35.00 - - 4.19
Q2 2019 35.00 - - 4.00
Q3 2019 35.00 - - 3.84
Q4 2019 35.00 (0.54) (0.54) 3.74
Q1 2020 35.00 (0.55) (0.55) 3.63
Q2 2020 35.00 (0.24) (0.24) 3.75
Q3 2020 35.00 0.09 0.09 9.64
Q4 2020 35.00 0.61 0.61 10.05
Q1 2021 35.00 1.30 1.30 10.63
Q2 2021 35.00 1.91 1.91 11.35
Q3 2021 35.00 2.75 2.75 12.37
Q4 2021 35.00 3.68 3.68 13.74
Q1 2022 35.00 4.64 4.64 15.27
Q2 2022 35.00 5.20 5.20 16.56
Q3 2022 35.00 5.48 5.48 17.85
Q4 2022 35.00 5.53 5.53 19.27
Q1 2023 35.00 5.54 5.54 20.82
Q2 2023 35.00 5.67 5.67 22.24
Q3 2023 35.00 5.91 5.91 23.76
Q4 2023 35.00 6.07 6.07 25.35
Q1 2024 35.00 6.03 6.03 26.86

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -

Current
Market Cap (M) -
Shares Outstanding ((M)) 35.00
EPS ( Riyal) (TTM) 6.09
Book Value (BV) ( Riyal) 29.86
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) -
P/E (TTM) -
Price/book -
Return on Average Assets (%) (TTM) 10.2
Return on Average Equity (%) (TTM) 22.7

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