Almarai’s Q1 2024 profit grows 9% to SAR 692.2M

21/04/2024 Argaam Exclusive

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Almarai Co. reported a profit increase of 9% to SAR 692.2 million for the first quarter of 2024, compared to SAR 635.1 million in the prior-year period.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2023	Q1 2024	Change‬
Revenues	5,066.56	5,458.64	7.7 %
Gross Income	1,617.85	1,708.46	5.6 %
Operating Income	815.86	869.38	6.6 %
Net Income	635.06	692.23	9.0 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.64	0.69	9.0 %

Item	Q4 2023	Q1 2024	Change‬
Revenues	4,919.74	5,458.64	11.0 %
Gross Income	1,396.91	1,708.46	22.3 %
Operating Income	538.48	869.38	61.5 %
Net Income	370.72	692.23	86.7 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.37	0.69	86.7 %

The profit growth was spurred by an 8% rise in revenue year-on-year (YoY), thanks to strong sales volumes.

The dairy and juice category reported a rise in Q1 2024 net profit increased compared to last year due to improved sales in core GCC markets, advancement of 10 days in Ramadan, especially for dairy categories, and tight cost management.

The bakery category’s net profit was higher than Q1 2023, thanks to production efficiencies and seasonal adjustments in consumption patterns.

Furthermore, the poultry category’s net profit growth YoY was positive due to continued production optimization, and improved economies of scale.

Compared to Q4 2023, the dairy producer’s net profit leapt 86.7% from SAR 370.7 million, thanks to higher revenue amid better dairy sales and seasonal changes in consumption patterns. The quarterly growth was also driven by the improved product mix.

Total shareholders’ equity, after minority interest, increased to SAR 18.33 billion as of March 31, 2024, from SAR 17.23 billion a year earlier.

Attached Documents

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	3,037.31	11.7 %	1,110.34	20.8 %	378.09	20.7 %
Q2 2015	3,649.52	11.0 %	1,388.04	20.8 %	638.75	23.8 %
Q3 2015	3,523.58	7.8 %	1,446.52	4.0 %	672.71	4.3 %
Q4 2015	3,584.20	7.6 %	1,338.37	18.0 %	572.51	9.3 %
2015	13,794.62	9.4 %	5,283.26	15.0 %	2,262.05	13.2 %
Q1 2016	3,373.79	11.1 %	1,127.55	1.5 %	383.35	1.4 %
Q2 2016	3,925.89	7.6 %	1,520.89	9.6 %	771.01	20.7 %
Q3 2016	3,530.34	0.2 %	1,485.41	2.7 %	745.39	10.8 %
Q4 2016	3,508.56	(2.1 %)	1,388.64	3.8 %	709.42	23.9 %
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,609.18	15.3 %
Q1 2017	3,383.53	0.3 %	1,177.43	4.4 %	466.89	21.8 %
Q2 2017	3,760.36	(4.2 %)	1,554.93	2.2 %	833.09	8.1 %
Q3 2017	3,372.92	(4.5 %)	1,516.00	2.1 %	834.11	11.9 %
Q4 2017	3,418.73	(2.6 %)	1,335.27	(3.8 %)	709.16	0.0 %
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,843.25	9.0 %
Q1 2018	3,232.21	(4.5 %)	1,254.43	6.5 %	563.11	20.6 %
Q2 2018	3,672.33	(2.3 %)	1,448.45	(6.8 %)	791.74	(5.0 %)
Q3 2018	3,317.36	(1.6 %)	1,399.20	(7.7 %)	780.43	(6.4 %)
Q4 2018	3,381.18	(1.1 %)	1,262.94	(5.4 %)	629.06	(11.3 %)
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,771.63	(2.5 %)
Q1 2019	3,308.89	2.4 %	1,163.91	(7.2 %)	504.61	(10.4 %)
Q2 2019	3,767.42	2.6 %	1,466.22	1.2 %	780.48	(1.4 %)
Q3 2019	3,573.26	7.7 %	1,443.77	3.2 %	770.15	(1.3 %)
Q4 2019	3,703.94	9.5 %	1,293.51	2.4 %	533.32	(15.2 %)
2019	14,351.28	5.9 %	5,366.67	0.7 %	2,590.07	(6.6 %)
Q1 2020	3,592.44	8.6 %	1,253.19	7.7 %	513.26	1.7 %
Q2 2020	4,081.84	8.3 %	1,535.19	4.7 %	790.40	1.3 %
Q3 2020	3,863.08	8.1 %	1,514.70	4.9 %	789.70	2.5 %
Q4 2020	3,819.59	3.1 %	1,232.43	(4.7 %)	507.41	(4.9 %)
2020	15,356.95	7.0 %	5,535.51	3.1 %	2,600.76	0.4 %
Q1 2021	3,645.01	1.5 %	1,235.11	(1.4 %)	533.57	4.0 %
Q2 2021	4,005.57	(1.9 %)	1,355.74	(11.7 %)	621.55	(21.4 %)
Q3 2021	3,941.73	2.0 %	1,275.71	(15.8 %)	537.89	(31.9 %)
Q4 2021	4,257.41	11.5 %	1,192.71	(3.2 %)	407.41	(19.7 %)
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	2,100.42	(19.2 %)
Q1 2022	4,503.46	23.6 %	1,331.92	7.8 %	569.54	6.7 %
Q2 2022	4,610.45	15.1 %	1,469.61	8.4 %	680.00	9.4 %
Q3 2022	4,769.12	21.0 %	1,488.72	16.7 %	678.98	26.2 %
Q4 2022	4,839.23	13.7 %	1,333.99	11.8 %	501.18	23.0 %
2022	18,722.26	18.1 %	5,624.22	11.2 %	2,429.69	15.7 %
Q1 2023	5,066.56	12.5 %	1,617.85	21.5 %	815.86	43.2 %
Q2 2023	4,792.35	3.9 %	1,567.08	6.6 %	757.30	11.4 %
Q3 2023	4,796.93	0.6 %	1,469.45	(1.3 %)	646.71	(4.8 %)
Q4 2023	4,919.74	1.7 %	1,396.91	4.7 %	538.48	7.4 %
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,758.35	13.5 %
Q1 2024	5,458.64	7.7 %	1,708.46	5.6 %	869.38	6.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,997.63	11.2 %
2015	13,794.62	9.4 %	5,283.26	15.0 %	2,262.05	13.2 %
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,609.18	15.3 %
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,843.25	9.0 %
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,771.63	(2.5 %)
2019	14,351.28	5.9 %	5,366.67	0.7 %	2,590.07	(6.6 %)
2020	15,356.95	7.0 %	5,535.51	3.1 %	2,600.76	0.4 %
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	2,100.42	(19.2 %)
2022	18,722.26	18.1 %	5,624.22	11.2 %	2,429.69	15.7 %
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,758.35	13.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	306.48	12.0 %	0.31	-	306.48	0.31
Q2 2015	530.42	22.4 %	0.53	(79.17)	609.58	0.61
Q3 2015	595.12	10.3 %	0.60	-	595.12	0.60
Q4 2015	483.68	13.0 %	0.48	(19.85)	503.53	0.50
2015	1,915.69	14.4 %	1.92	(99.02)	2,014.71	2.01
Q1 2016	288.66	(5.8 %)	0.29	-	288.66	0.29
Q2 2016	658.38	24.1 %	0.66	-	658.38	0.66
Q3 2016	664.26	11.6 %	0.66	25.11	639.15	0.64
Q4 2016	536.49	10.9 %	0.54	(28.30)	564.79	0.56
2016	2,147.79	12.1 %	2.15	(3.19)	2,150.98	2.15
Q1 2017	328.27	13.7 %	0.33	-	328.27	0.33
Q2 2017	674.11	2.4 %	0.67	-	674.11	0.67
Q3 2017	667.01	0.4 %	0.67	-	667.01	0.67
Q4 2017	512.89	(4.4 %)	0.51	-	512.89	0.51
2017	2,182.29	1.6 %	2.18	-	2,182.29	2.18
Q1 2018	344.87	5.1 %	0.34	-	344.87	0.34
Q2 2018	661.39	(1.9 %)	0.66	-	661.39	0.66
Q3 2018	634.96	(4.8 %)	0.63	-	634.96	0.63
Q4 2018	370.77	(27.7 %)	0.37	(100.70)	471.47	0.47
2018	2,011.98	(7.8 %)	2.01	(100.70)	2,112.68	2.11
Q1 2019	336.03	(2.6 %)	0.34	-	336.03	0.34
Q2 2019	582.53	(11.9 %)	0.58	-	582.53	0.58
Q3 2019	581.25	(8.5 %)	0.58	-	581.25	0.58
Q4 2019	311.95	(15.9 %)	0.31	-	311.95	0.31
2019	1,811.75	(10.0 %)	1.81	-	1,811.75	1.81
Q1 2020	383.01	14.0 %	0.38	-	383.01	0.38
Q2 2020	643.93	10.5 %	0.64	-	643.93	0.64
Q3 2020	621.52	6.9 %	0.62	-	621.52	0.62
Q4 2020	335.90	7.7 %	0.34	20.85	315.06	0.32
2020	1,984.36	9.5 %	1.98	20.85	1,963.51	1.96
Q1 2021	385.95	0.8 %	0.39	-	385.95	0.39
Q2 2021	481.98	(25.2 %)	0.48	-	481.98	0.48
Q3 2021	409.09	(34.2 %)	0.41	-	409.09	0.41
Q4 2021	286.53	(14.7 %)	0.29	-	286.53	0.29
2021	1,563.54	(21.2 %)	1.56	-	1,563.54	1.56
Q1 2022	420.46	8.9 %	0.42	-	420.46	0.42
Q2 2022	520.36	8.0 %	0.52	-	520.36	0.52
Q3 2022	463.17	13.2 %	0.46	(82.92)	546.09	0.55
Q4 2022	355.82	24.2 %	0.36	-	355.82	0.36
2022	1,759.81	12.6 %	1.76	(82.92)	1,842.73	1.84
Q1 2023	635.06	51.0 %	0.64	-	635.06	0.64
Q2 2023	557.08	7.1 %	0.56	-	557.08	0.56
Q3 2023	486.26	5.0 %	0.49	-	486.26	0.49
Q4 2023	370.72	4.2 %	0.37	-	370.72	0.37
2023	2,049.12	16.4 %	2.05	-	2,049.12	2.05
Q1 2024	692.23	9.0 %	0.69	-	692.23	0.69

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	1,674.34	11.5 %	1.67	20.90	1,653.44	1.65
2015	1,915.69	14.4 %	1.92	(99.02)	2,014.71	2.01
2016	2,147.79	12.1 %	2.15	(3.19)	2,150.98	2.15
2017	2,182.29	1.6 %	2.18	-	2,182.29	2.18
2018	2,011.98	(7.8 %)	2.01	(100.70)	2,112.68	2.11
2019	1,811.75	(10.0 %)	1.81	-	1,811.75	1.81
2020	1,984.36	9.5 %	1.98	20.85	1,963.51	1.96
2021	1,563.54	(21.2 %)	1.56	-	1,563.54	1.56
2022	1,759.81	12.6 %	1.76	(82.92)	1,842.73	1.84
2023	2,049.12	16.4 %	2.05	-	2,049.12	2.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	37.02 %	27.31 %	13.21 %
Q2 2015	37.80 %	27.58 %	14.18 %
Q3 2015	37.51 %	27.73 %	14.32 %
Q4 2015	38.30 %	27.91 %	14.61 %
2015	38.30 %	27.91 %	14.61 %
Q1 2016	37.51 %	27.63 %	14.13 %
Q2 2016	37.71 %	28.38 %	14.20 %
Q3 2016	37.96 %	29.09 %	14.50 %
Q4 2016	38.51 %	30.87 %	15.00 %
2016	38.51 %	30.87 %	15.00 %
Q1 2017	38.84 %	31.68 %	15.27 %
Q2 2017	39.53 %	32.67 %	15.56 %
Q3 2017	40.19 %	34.21 %	15.93 %
Q4 2017	40.07 %	34.18 %	15.66 %
2017	40.07 %	34.18 %	15.66 %
Q1 2018	41.07 %	35.75 %	15.95 %
Q2 2018	40.55 %	36.32 %	15.96 %
Q3 2018	39.86 %	36.36 %	15.79 %
Q4 2018	39.44 %	36.05 %	15.53 %
2018	39.29 %	36.23 %	15.58 %
Q1 2019	38.56 %	35.36 %	15.38 %
Q2 2019	38.42 %	34.75 %	14.70 %
Q3 2019	38.04 %	33.87 %	14.05 %
Q4 2019	37.39 %	33.18 %	12.62 %
2019	37.40 %	33.20 %	12.62 %
Q1 2020	37.28 %	32.63 %	12.70 %
Q2 2020	36.96 %	32.11 %	12.84 %
Q3 2020	36.72 %	31.84 %	12.86 %
Q4 2020	36.05 %	30.84 %	12.79 %
2020	36.05 %	30.84 %	12.79 %
Q1 2021	35.81 %	31.08 %	12.76 %
Q2 2021	34.81 %	30.08 %	11.77 %
Q3 2021	33.08 %	28.17 %	10.33 %
Q4 2021	31.92 %	26.91 %	9.86 %
2021	31.92 %	26.91 %	9.86 %
Q1 2022	30.86 %	25.81 %	9.56 %
Q2 2022	30.44 %	25.38 %	9.45 %
Q3 2022	30.23 %	25.12 %	9.78 %
Q4 2022	30.04 %	25.87 %	9.84 %
2022	30.04 %	25.87 %	9.84 %
Q1 2023	30.65 %	26.64 %	10.67 %
Q2 2023	30.86 %	26.93 %	10.76 %
Q3 2023	30.72 %	26.92 %	10.43 %
Q4 2023	30.91 %	26.67 %	10.47 %
2023	30.91 %	26.67 %	10.47 %
Q1 2024	30.76 %	26.08 %	10.55 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	36.43 %	27.38 %	13.12 %
2015	38.30 %	27.91 %	14.61 %
2016	38.51 %	30.87 %	15.00 %
2017	40.07 %	34.18 %	15.66 %
2018	39.29 %	36.23 %	15.58 %
2019	37.40 %	33.20 %	12.62 %
2020	36.05 %	30.84 %	12.79 %
2021	31.92 %	26.91 %	9.86 %
2022	30.04 %	25.87 %	9.84 %
2023	30.91 %	26.67 %	10.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	36.56 %	24.57 %	10.09 %
Q2 2015	38.03 %	27.96 %	16.70 %
Q3 2015	41.05 %	30.38 %	16.89 %
Q4 2015	37.34 %	28.25 %	14.05 %
Q1 2016	33.42 %	23.75 %	8.56 %
Q2 2016	38.74 %	30.67 %	16.77 %
Q3 2016	42.08 %	33.27 %	18.10 %
Q4 2016	39.58 %	35.51 %	16.10 %
Q1 2017	34.80 %	27.20 %	9.70 %
Q2 2017	41.35 %	34.36 %	17.93 %
Q3 2017	44.95 %	39.72 %	19.78 %
Q4 2017	39.06 %	35.42 %	15.00 %
Q1 2018	38.81 %	33.56 %	10.67 %
Q2 2018	39.44 %	36.46 %	18.01 %
Q3 2018	42.18 %	39.94 %	19.14 %
Q4 2018	37.35 %	34.18 %	13.94 %
Q1 2019	35.18 %	30.76 %	10.16 %
Q2 2019	38.92 %	34.21 %	15.46 %
Q3 2019	40.40 %	36.11 %	16.27 %
Q4 2019	34.92 %	31.48 %	8.42 %
Q1 2020	34.88 %	28.68 %	10.66 %
Q2 2020	37.61 %	32.20 %	15.78 %
Q3 2020	39.21 %	34.76 %	16.09 %
Q4 2020	32.27 %	27.46 %	8.25 %
Q1 2021	33.88 %	29.71 %	10.59 %
Q2 2021	33.85 %	28.40 %	12.03 %
Q3 2021	32.36 %	27.19 %	10.38 %
Q4 2021	28.02 %	22.87 %	6.73 %
Q1 2022	29.58 %	25.10 %	9.34 %
Q2 2022	31.88 %	26.43 %	11.29 %
Q3 2022	31.22 %	25.87 %	11.45 %
Q4 2022	27.57 %	26.03 %	7.35 %
Q1 2023	31.93 %	28.13 %	12.53 %
Q2 2023	32.70 %	27.64 %	11.62 %
Q3 2023	30.63 %	25.83 %	10.14 %
Q4 2023	28.39 %	25.03 %	7.54 %
Q1 2024	31.30 %	25.88 %	12.68 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	1,000.00	1.71	1.71	9.37
Q2 2015	1,000.00	1.80	1.88	9.62
Q3 2015	1,000.00	1.86	1.94	9.99
Q4 2015	1,000.00	1.92	2.01	10.36
Q1 2016	1,000.00	1.90	2.00	10.51
Q2 2016	1,000.00	2.03	2.05	10.42
Q3 2016	1,000.00	2.09	2.09	11.08
Q4 2016	1,000.00	2.15	2.15	11.36
Q1 2017	1,000.00	2.19	2.19	11.01
Q2 2017	1,000.00	2.20	2.21	11.66
Q3 2017	1,000.00	2.21	2.23	12.26
Q4 2017	1,000.00	2.18	2.18	12.78
Q1 2018	1,000.00	2.20	2.20	13.11
Q2 2018	1,000.00	2.19	2.19	12.87
Q3 2018	1,000.00	2.15	2.15	13.39
Q4 2018	1,000.00	2.01	2.11	13.88
Q1 2019	1,000.00	2.00	2.10	14.24
Q2 2019	1,000.00	1.92	2.02	14.00
Q3 2019	1,000.00	1.87	1.97	14.58
Q4 2019	1,000.00	1.81	1.81	14.65
Q1 2020	1,000.00	1.86	1.86	14.72
Q2 2020	1,000.00	1.92	1.92	14.60
Q3 2020	1,000.00	1.96	1.96	15.33
Q4 2020	1,000.00	1.98	1.96	15.69
Q1 2021	1,000.00	1.99	1.97	16.07
Q2 2021	1,000.00	1.83	1.80	15.46
Q3 2021	1,000.00	1.61	1.59	15.86
Q4 2021	1,000.00	1.56	1.56	16.12
Q1 2022	1,000.00	1.60	1.60	16.32
Q2 2022	1,000.00	1.64	1.64	15.84
Q3 2022	1,000.00	1.69	1.77	16.27
Q4 2022	1,000.00	1.76	1.84	16.67
Q1 2023	1,000.00	1.97	2.06	17.24
Q2 2023	1,000.00	2.01	2.09	16.82
Q3 2023	1,000.00	2.03	2.03	17.49
Q4 2023	1,000.00	2.05	2.05	17.80
Q1 2024	1,000.00	2.11	2.11	18.34

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	1,000.00	1.67	1.65	9.19
2015	1,000.00	1.92	2.01	10.36
2016	1,000.00	2.15	2.15	11.36
2017	1,000.00	2.18	2.18	12.78
2018	1,000.00	2.01	2.11	13.88
2019	1,000.00	1.81	1.81	14.65
2020	1,000.00	1.98	1.96	15.69
2021	1,000.00	1.56	1.56	16.12
2022	1,000.00	1.76	1.84	16.67
2023	1,000.00	2.05	2.05	17.80

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	30.66	30.66	5.59
Q2 2015	29.98	28.72	5.62
Q3 2015	27.25	26.13	5.07
Q4 2015	24.57	23.36	4.54
Q1 2016	22.12	21.02	3.99
Q2 2016	21.60	21.39	4.20
Q3 2016	20.28	20.33	3.83
Q4 2016	25.51	25.47	4.82
Q1 2017	25.80	25.76	5.13
Q2 2017	35.02	34.97	6.62
Q3 2017	25.87	25.54	4.65
Q4 2017	24.63	24.63	4.20
Q1 2018	25.19	25.19	4.22
Q2 2018	27.63	27.63	4.69
Q3 2018	23.17	23.17	3.73
Q4 2018	23.86	22.72	3.46
Q1 2019	27.46	26.14	3.86
Q2 2019	27.80	26.42	3.82
Q3 2019	26.60	25.24	3.41
Q4 2019	27.32	27.32	3.38
Q1 2020	25.29	25.29	3.19
Q2 2020	26.98	26.98	3.55
Q3 2020	26.98	26.98	3.45
Q4 2020	27.67	27.96	3.50
Q1 2021	26.17	26.44	3.24
Q2 2021	34.73	35.13	4.10
Q3 2021	35.96	36.43	3.66
Q4 2021	31.18	31.18	3.02
Q1 2022	32.04	32.04	3.14
Q2 2022	32.02	32.02	3.31
Q3 2022	31.47	30.00	3.27
Q4 2022	30.40	29.03	3.21
Q1 2023	28.57	27.41	3.27
Q2 2023	30.18	28.99	3.61
Q3 2023	31.26	31.26	3.64
Q4 2023	27.23	27.23	3.14
Q1 2024	27.35	27.35	3.14

Period	P/E	Adjusted P/E	Price/book
2014	27.56	27.91	5.02
2015	24.57	23.36	4.54
2016	25.51	25.47	4.82
2017	24.63	24.63	4.20
2018	23.86	22.72	3.46
2019	27.32	27.32	3.38
2020	27.67	27.96	3.50
2021	31.18	31.18	3.02
2022	30.40	29.03	3.21
2023	27.23	27.23	3.14

Business Segments (Million)

Compared With The

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
Q1 2015	2,353.44	308.98	355.53	19.36	-
Q2 2015	2,869.02	313.95	396.35	70.21	-
Q3 2015	2,756.98	314.83	399.51	52.27	-
Q4 2015	2,761.46	324.49	474.46	23.79	-
Q1 2016	2,577.33	320.83	452.27	23.36	-
Q2 2016	3,054.66	365.77	458.22	47.25	-
Q3 2016	2,722.80	277.65	467.02	62.87	-
Q4 2016	2,606.53	367.26	503.28	31.48	-
Q1 2017	2,494.13	356.37	468.91	64.13	-
Q2 2017	2,920.95	387.41	434.61	17.39	-
Q3 2017	2,570.11	328.31	436.67	37.83	-
Q4 2017	2,525.29	391.54	466.90	35.00	-
Q1 2018	2,356.95	420.64	405.47	49.15	-
Q2 2018	2,752.49	434.66	377.44	62.50	-
Q3 2018	2,405.25	453.37	411.60	47.14	-
Q4 2018	2,404.97	491.69	446.89	37.63	-
Q1 2019	2,333.97	499.50	421.07	54.35	-
Q2 2019	2,782.58	527.14	394.60	60.88	-
Q3 2019	2,552.86	488.96	454.50	76.94	-
Q4 2019	2,540.58	608.99	479.13	75.24	-
Q1 2020	2,520.12	558.39	432.81	81.12	-
Q2 2020	2,966.24	614.62	424.22	76.77	-
Q3 2020	2,770.35	524.75	419.21	148.77	-
Q4 2020	2,666.97	595.02	435.72	121.87	-
Q1 2021	2,581.48	551.84	391.09	120.61	-
Q2 2021	2,895.63	566.18	400.92	142.84	-
Q3 2021	2,720.65	541.62	467.39	212.07	-
Q4 2021	2,943.57	641.81	529.47	142.55	-
Q1 2022	3,116.25	659.47	571.28	156.47	-
Q2 2022	3,136.00	736.35	567.52	170.58	-
Q3 2022	3,138.72	775.78	615.90	238.71	-
Q4 2022	3,113.15	841.84	684.60	199.65	-
Q1 2023	3,448.79	848.03	622.06	147.69	-
Q2 2023	3,178.75	849.41	620.99	143.20	-
Q3 2023	3,144.71	876.02	640.78	135.43	-
Q4 2023	3,130.31	944.88	700.63	143.91	-
Q1 2024	3,792.20	921.28	624.38	120.78	-

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
2014	9,901.90	1,022.76	1,532.91	148.00	-
2015	10,740.89	1,262.26	1,625.84	165.63	-
2016	10,961.32	1,331.51	1,880.79	164.96	-
2017	10,510.47	1,463.63	1,807.09	154.35	-
2018	9,919.67	1,800.35	1,641.39	196.43	-
2019	10,209.99	2,124.59	1,749.30	267.40	-
2020	10,923.68	2,292.78	1,711.95	428.54	-
2021	11,141.33	2,301.46	1,788.86	618.07	-
2022	12,504.12	3,013.44	2,439.30	765.40	-
2023	12,902.56	3,518.34	2,584.46	570.23	-

Analysts Estimates (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change‬
Average	638.24	692.23	8.46 %

Estimates vs Actual (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change
U-Capital	708.50	692.23	(2.3) %
Hermes	666.00	692.23	3.9 %
Sico	658.00	692.23	5.2 %
Goldman Sachs	650.00	692.23	6.5 %
SNB Capital	642.00	692.23	7.8 %
AlJazira Capital	618.40	692.23	11.9 %
Riyad Capital	604.00	692.23	14.6 %
Al Rajhi Capital	559.00	692.23	23.8 %

Financial Ratios

	Current
Market Cap (M Riyal)	58,300.00
Enterprise Value (EV) (M)	67,765.61
Shares Outstanding ((M))	1,000.00
EPS ( Riyal) (TTM)	2.25
Book Value (BV) ( Riyal)	18.56
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	25.88
P/E (TTM)	25.88
Price/book	3.14
Return on Average Assets (%) (TTM)	6.3
Return on Average Equity (%) (TTM)	12.5

Almarai Co. (ALMARAI)

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Almarai’s Q1 2024 profit grows 9% to SAR 692.2M

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Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

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Profit Performance (Million)

Profitability

Profitability

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Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q1

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Analysts Estimates (Million)

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Almarai’s Q1 2024 profit grows 9% to SAR 692.2M

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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) Q1 2024

Revenue by Business Segment (Latest) 2024 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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Business Segments (Million)