Al Othaim net profit drops 10% in H1 2019

04/08/2019 Argaam Exclusive

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Abdullah Al Othaim Markets Co. reported a net profit after zakat and tax of SAR 127.1 million for the first half of 2019, down 10.2 percent year-on-year (YoY), affected by adopting the International Financial Reporting Standards (IFRS 16), as well as higher operating costs .

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	3,820.73	4,130.42	8.1 %
Gross Income	716.55	780.63	8.9 %
Operating Income	89.91	106.35	18.3 %
Net Income	141.37	127.07	(10.1 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.16	0.14	(10.1 %)

The firm's net profit for Q2 2019 fell 20.8 percent YoY to SAR 58.7 million due to adopting IFRS 16, an increase in operating costs and lower profit share from associates.

On a sequential basis, Q2 2019 net profit declined 14 percent from the previous quarter on lower profit margins driven by the promotion season, higher operating costs and a decline in profit share from associates.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	2,022.47	2,171.10	7.3 %
Gross Income	375.18	394.15	5.1 %
Operating Income	44.73	48.24	7.9 %
Net Income	74.11	58.73	(20.7 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.08	0.07	(20.7 %)

Item	Q1 2019	Q2 2019	Change‬
Revenues	1,959.32	2,171.10	10.8 %
Gross Income	386.48	394.15	2.0 %
Operating Income	58.11	48.24	(17.0 %)
Net Income	68.34	58.73	(14.1 %)
Average Shares	900.00	900.00	-
EPS (Riyals)	0.08	0.07	(14.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2010	779.56	8.6 %	37.59	56.9 %	10.58	585.6 %
Q2 2010	821.67	13.5 %	38.46	39.9 %	6.23	764.9 %
Q3 2010	941.39	9.3 %	42.72	20.9 %	5.70	(17.5 %)
Q4 2010	879.81	15.4 %	63.20	23.9 %	26.26	65.0 %
2010	3,422.44	11.7 %	181.96	32.1 %	48.78	147.5 %
Q1 2011	934.19	19.8 %	45.06	19.9 %	10.86	2.6 %
Q2 2011	987.16	20.1 %	43.82	13.9 %	5.40	(13.3 %)
Q3 2011	1,096.14	16.4 %	42.42	(0.7 %)	(7.41)	(229.9 %)
Q4 2011	925.31	5.2 %	43.73	(30.8 %)	0.66	(97.5 %)
2011	3,942.80	15.2 %	175.03	(3.8 %)	9.51	(80.5 %)
Q1 2012	976.27	4.5 %	35.50	(21.2 %)	(4.40)	(140.6 %)
Q2 2012	1,020.85	3.4 %	286.50	553.8 %	53.35	888.1 %
Q3 2012	1,122.32	2.4 %	184.90	335.9 %	25.55	444.8 %
Q4 2012	985.76	6.5 %	178.02	307.1 %	42.40	6333.7 %
2012	4,105.20	4.1 %	684.91	291.3 %	116.89	1129.6 %
Q1 2013	1,066.43	9.2 %	164.06	362.2 %	28.81	754.3 %
Q2 2013	1,161.19	13.7 %	176.39	(38.4 %)	19.51	(63.4 %)
Q3 2013	1,193.14	6.3 %	199.41	7.8 %	22.07	(13.6 %)
Q4 2013	1,159.21	17.6 %	231.29	29.9 %	50.21	18.4 %
2013	4,579.96	11.6 %	771.15	12.6 %	120.60	3.2 %
Q1 2014	1,222.98	14.7 %	204.66	24.7 %	29.16	1.2 %
Q2 2014	1,511.39	30.2 %	219.39	24.4 %	37.34	91.4 %
Q3 2014	1,208.79	1.3 %	195.07	(2.2 %)	20.67	(6.3 %)
Q4 2014	1,308.74	12.9 %	252.01	9.0 %	62.57	24.6 %
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
Q1 2015	1,408.03	15.1 %	212.36	3.8 %	28.31	(2.9 %)
Q2 2015	1,725.54	14.2 %	247.99	13.0 %	35.03	(6.2 %)
Q3 2015	1,348.87	11.6 %	221.39	13.5 %	17.48	(15.5 %)
Q4 2015	1,553.36	18.7 %	316.73	25.7 %	66.74	6.7 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
Q1 2016	1,606.16	14.1 %	265.48	25.0 %	34.64	22.4 %
Q2 2016	1,976.23	14.5 %	312.31	25.9 %	28.75	(17.9 %)
Q3 2016	1,569.57	16.4 %	271.63	22.7 %	14.30	(18.2 %)
Q4 2016	1,907.19	22.8 %	362.34	14.4 %	88.29	32.3 %
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
Q1 2017	1,696.23	5.6 %	319.69	20.4 %	47.29	36.5 %
Q2 2017	1,935.88	(2.0 %)	356.38	14.1 %	40.26	40.0 %
Q3 2017	1,627.85	3.7 %	318.56	17.3 %	27.23	90.4 %
Q4 2017	1,971.19	3.4 %	444.98	22.8 %	130.85	48.2 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
Q1 2018	1,798.26	6.0 %	341.54	6.8 %	45.33	(4.1 %)
Q2 2018	2,022.47	4.5 %	375.18	5.3 %	44.73	11.1 %
Q3 2018	1,744.69	7.2 %	339.78	6.7 %	25.89	(4.9 %)
Q4 2018	1,939.04	(1.6 %)	474.84	6.7 %	132.16	1.0 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %
Q1 2019	1,959.32	9.0 %	386.48	13.2 %	58.11	28.2 %
Q2 2019	2,171.10	7.3 %	394.15	5.1 %	48.24	7.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2009	3,065.14	7.9 %	137.77	16.6 %	19.71	981.0 %
2010	3,422.44	11.7 %	181.96	32.1 %	48.78	147.5 %
2011	3,942.80	15.2 %	175.03	(3.8 %)	9.51	(80.5 %)
2012	4,105.20	4.1 %	684.91	291.3 %	116.89	1129.6 %
2013	4,579.96	11.6 %	771.15	12.6 %	120.60	3.2 %
2014	5,251.90	14.7 %	871.13	13.0 %	149.74	24.2 %
2015	6,035.80	14.9 %	998.47	14.6 %	147.56	(1.5 %)
2016	7,014.54	16.2 %	1,211.30	21.3 %	170.10	15.3 %
2017	7,231.14	3.1 %	1,439.60	18.8 %	245.28	44.2 %
2018	7,504.46	3.8 %	1,531.17	6.4 %	247.97	1.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2010	31.74	94.1 %	0.04	-	31.74	0.04
Q2 2010	31.32	60.6 %	0.03	-	31.32	0.03
Q3 2010	45.87	82.0 %	0.05	-	45.87	0.05
Q4 2010	53.00	222.0 %	0.06	-	53.00	0.06
2010	161.93	108.9 %	0.18	-	161.93	0.18
Q1 2011	36.50	15.0 %	0.04	-	41.81	0.05
Q2 2011	41.10	31.2 %	0.05	-	41.69	0.05
Q3 2011	35.99	(21.5 %)	0.04	-	35.99	0.04
Q4 2011	36.48	(31.2 %)	0.04	-	30.59	0.03
2011	150.08	(7.3 %)	0.17	-	150.08	0.17
Q1 2012	33.86	(7.3 %)	0.04	-	33.86	0.04
Q2 2012	36.76	(10.6 %)	0.04	-	36.76	0.04
Q3 2012	40.68	13.0 %	0.05	-	40.68	0.05
Q4 2012	60.47	65.8 %	0.07	-	60.47	0.07
2012	171.77	14.4 %	0.19	-	171.77	0.19
Q1 2013	40.81	20.5 %	0.05	-	40.81	0.05
Q2 2013	39.73	8.1 %	0.04	-	39.73	0.04
Q3 2013	41.94	3.1 %	0.05	-	41.94	0.05
Q4 2013	70.03	15.8 %	0.08	-	70.03	0.08
2013	192.51	12.1 %	0.21	-	192.51	0.21
Q1 2014	46.47	13.9 %	0.05	-	46.47	0.05
Q2 2014	51.79	30.3 %	0.06	-	51.79	0.06
Q3 2014	42.29	0.8 %	0.05	-	42.29	0.05
Q4 2014	74.23	6.0 %	0.08	-	74.23	0.08
2014	214.78	11.6 %	0.24	-	214.78	0.24
Q1 2015	48.89	5.2 %	0.05	-	48.89	0.05
Q2 2015	55.66	7.5 %	0.06	-	55.66	0.06
Q3 2015	37.09	(12.3 %)	0.04	-	37.09	0.04
Q4 2015	89.23	20.2 %	0.10	-	89.23	0.10
2015	230.87	7.5 %	0.26	-	230.87	0.26
Q1 2016	46.62	(4.6 %)	0.05	-	55.22	0.06
Q2 2016	49.76	(10.6 %)	0.06	-	49.76	0.06
Q3 2016	36.19	(2.4 %)	0.04	-	36.19	0.04
Q4 2016	95.50	7.0 %	0.11	-	99.92	0.11
2016	228.07	(1.2 %)	0.25	-	241.09	0.27
Q1 2017	60.15	29.0 %	0.07	-	60.15	0.07
Q2 2017	71.21	43.1 %	0.08	-	71.21	0.08
Q3 2017	150.62	316.2 %	0.17	-	50.54	0.06
Q4 2017	167.52	75.4 %	0.19	-	155.66	0.17
2017	449.50	97.1 %	0.50	-	337.56	0.38
Q1 2018	67.26	11.8 %	0.07	-	67.26	0.07
Q2 2018	74.11	4.1 %	0.08	-	74.11	0.08
Q3 2018	54.31	(63.9 %)	0.06	-	54.31	0.06
Q4 2018	106.92	(36.2 %)	0.12	-	113.89	0.13
2018	302.60	(32.7 %)	0.34	-	309.57	0.34
Q1 2019	68.34	1.6 %	0.08	-	68.34	0.08
Q2 2019	58.73	(20.7 %)	0.07	-	58.73	0.07

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2009	77.52	24.5 %	0.09	-	96.34	0.11
2010	161.93	108.9 %	0.18	-	161.93	0.18
2011	150.08	(7.3 %)	0.17	-	150.08	0.17
2012	171.77	14.4 %	0.19	-	171.77	0.19
2013	192.51	12.1 %	0.21	-	192.51	0.21
2014	214.78	11.6 %	0.24	-	214.78	0.24
2015	230.87	7.5 %	0.26	-	230.87	0.26
2016	228.07	(1.2 %)	0.25	-	241.09	0.27
2017	449.50	97.1 %	0.50	-	337.56	0.38
2018	302.60	(32.7 %)	0.34	-	309.57	0.34

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	4.84 %	2.51 %	3.57 %
Q2 2010	5.04 %	2.68 %	3.83 %
Q3 2010	5.14 %	2.62 %	4.36 %
Q4 2010	5.32 %	2.88 %	4.73 %
2010	5.32 %	2.88 %	4.73 %
Q1 2011	5.30 %	2.93 %	4.81 %
Q2 2011	5.20 %	2.96 %	4.87 %
Q3 2011	4.99 %	2.67 %	4.43 %
Q4 2011	4.44 %	2.15 %	3.81 %
2011	4.44 %	2.15 %	3.81 %
Q1 2012	4.15 %	1.79 %	3.57 %
Q2 2012	10.16 %	3.03 %	3.41 %
Q3 2012	13.61 %	3.88 %	3.51 %
Q4 2012	16.68 %	4.90 %	4.18 %
2012	16.68 %	4.90 %	4.18 %
Q1 2013	19.39 %	5.62 %	4.26 %
Q2 2013	16.22 %	4.71 %	4.19 %
Q3 2013	16.29 %	4.60 %	4.15 %
Q4 2013	16.84 %	4.65 %	4.20 %
2013	16.84 %	4.65 %	4.20 %
Q1 2014	17.14 %	4.57 %	4.18 %
Q2 2014	16.80 %	4.65 %	4.13 %
Q3 2014	16.67 %	4.66 %	4.13 %
Q4 2014	16.59 %	4.81 %	4.09 %
2014	16.59 %	4.81 %	4.09 %
Q1 2015	16.16 %	4.69 %	3.99 %
Q2 2015	16.06 %	4.53 %	3.91 %
Q3 2015	16.12 %	4.45 %	3.73 %
Q4 2015	16.54 %	4.58 %	3.83 %
2015	16.54 %	4.58 %	3.83 %
Q1 2016	16.87 %	4.62 %	3.81 %
Q2 2016	17.21 %	4.44 %	3.57 %
Q3 2016	17.39 %	4.33 %	3.44 %
Q4 2016	17.17 %	4.40 %	3.42 %
2016	17.27 %	4.49 %	3.44 %
Q1 2017	17.71 %	4.66 %	3.44 %
Q2 2017	18.43 %	4.91 %	3.76 %
Q3 2017	18.93 %	5.13 %	3.93 %
Q4 2017	19.91 %	5.69 %	4.67 %
2017	19.91 %	5.69 %	4.67 %
Q1 2018	19.93 %	5.61 %	4.70 %
Q2 2018	19.95 %	5.70 %	4.68 %
Q3 2018	19.92 %	5.61 %	4.66 %
Q4 2018	20.41 %	5.79 %	4.13 %
2018	20.40 %	5.79 %	4.13 %
Q1 2019	20.56 %	6.26 %	4.05 %
Q2 2019	20.41 %	6.59 %	3.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	4.49 %	2.09 %	3.14 %
2010	5.32 %	2.88 %	4.73 %
2011	4.44 %	2.15 %	3.81 %
2012	16.68 %	4.90 %	4.18 %
2013	16.84 %	4.65 %	4.20 %
2014	16.59 %	4.81 %	4.09 %
2015	16.54 %	4.58 %	3.83 %
2016	17.27 %	4.49 %	3.44 %
2017	19.91 %	5.69 %	4.67 %
2018	20.40 %	5.79 %	4.13 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	4.82 %	2.92 %	4.07 %
Q2 2010	4.68 %	2.18 %	3.81 %
Q3 2010	4.54 %	1.96 %	4.87 %
Q4 2010	7.18 %	4.47 %	6.02 %
Q1 2011	4.82 %	3.13 %	4.48 %
Q2 2011	4.44 %	2.41 %	4.22 %
Q3 2011	3.87 %	1.06 %	3.28 %
Q4 2011	4.73 %	2.18 %	3.31 %
Q1 2012	3.64 %	1.61 %	3.47 %
Q2 2012	28.06 %	7.27 %	3.60 %
Q3 2012	16.47 %	4.17 %	3.62 %
Q4 2012	18.06 %	6.51 %	6.13 %
Q1 2013	15.38 %	4.75 %	3.83 %
Q2 2013	15.19 %	3.67 %	3.42 %
Q3 2013	16.71 %	3.79 %	3.52 %
Q4 2013	19.95 %	6.44 %	6.04 %
Q1 2014	16.73 %	4.42 %	3.80 %
Q2 2014	14.52 %	4.14 %	3.43 %
Q3 2014	16.14 %	3.86 %	3.50 %
Q4 2014	19.26 %	6.83 %	5.67 %
Q1 2015	15.08 %	4.01 %	3.47 %
Q2 2015	14.37 %	3.69 %	3.23 %
Q3 2015	16.41 %	3.56 %	2.75 %
Q4 2015	20.39 %	6.98 %	5.74 %
Q1 2016	16.53 %	4.22 %	3.44 %
Q2 2016	15.80 %	3.22 %	2.52 %
Q3 2016	17.31 %	3.23 %	2.31 %
Q4 2016	19.00 %	6.74 %	5.24 %
Q1 2017	18.85 %	5.31 %	3.55 %
Q2 2017	18.41 %	4.10 %	3.68 %
Q3 2017	19.57 %	4.29 %	3.10 %
Q4 2017	22.57 %	8.74 %	7.90 %
Q1 2018	18.99 %	5.01 %	3.74 %
Q2 2018	18.55 %	4.47 %	3.66 %
Q3 2018	19.48 %	4.03 %	3.11 %
Q4 2018	24.49 %	9.47 %	5.87 %
Q1 2019	19.73 %	6.91 %	3.49 %
Q2 2019	18.15 %	5.78 %	2.71 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2010	900.00	0.10	0.12	0.35
Q2 2010	900.00	0.12	0.14	0.39
Q3 2010	900.00	0.14	0.16	0.44
Q4 2010	900.00	0.18	0.18	0.50
Q1 2011	900.00	0.19	0.19	0.46
Q2 2011	900.00	0.20	0.20	0.51
Q3 2011	900.00	0.19	0.19	0.55
Q4 2011	900.00	0.17	0.17	0.59
Q1 2012	900.00	0.16	0.16	0.63
Q2 2012	900.00	0.16	0.15	0.67
Q3 2012	900.00	0.16	0.16	0.71
Q4 2012	900.00	0.19	0.19	0.76
Q1 2013	900.00	0.20	0.20	0.80
Q2 2013	900.00	0.20	0.20	0.77
Q3 2013	900.00	0.20	0.20	0.82
Q4 2013	900.00	0.21	0.21	0.90
Q1 2014	900.00	0.22	0.22	0.95
Q2 2014	900.00	0.23	0.23	0.93
Q3 2014	900.00	0.23	0.23	0.98
Q4 2014	900.00	0.24	0.24	1.06
Q1 2015	900.00	0.24	0.24	1.11
Q2 2015	900.00	0.25	0.25	1.09
Q3 2015	900.00	0.24	0.24	1.13
Q4 2015	900.00	0.26	0.26	1.23
Q1 2016	900.00	0.25	0.26	1.17
Q2 2016	900.00	0.25	0.26	1.23
Q3 2016	900.00	0.25	0.26	1.27
Q4 2016	900.00	0.25	0.27	1.37
Q1 2017	900.00	0.27	0.27	1.44
Q2 2017	900.00	0.29	0.30	1.41
Q3 2017	900.00	0.42	0.31	1.58
Q4 2017	900.00	0.50	0.38	1.66
Q1 2018	900.00	0.51	0.38	1.74
Q2 2018	900.00	0.51	0.39	1.67
Q3 2018	900.00	0.40	0.39	1.73
Q4 2018	900.00	0.34	0.34	1.84
Q1 2019	900.00	0.34	0.35	1.79
Q2 2019	900.00	0.32	0.33	1.56

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	900.00	0.09	0.11	0.38
2010	900.00	0.18	0.18	0.50
2011	900.00	0.17	0.17	0.59
2012	900.00	0.19	0.19	0.76
2013	900.00	0.21	0.21	0.90
2014	900.00	0.24	0.24	1.06
2015	900.00	0.26	0.26	1.23
2016	900.00	0.25	0.27	1.37
2017	900.00	0.50	0.38	1.66
2018	900.00	0.34	0.34	1.84

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	14.47	12.04	4.22
Q2 2010	16.44	13.94	4.92
Q3 2010	12.47	10.85	3.95
Q4 2010	10.84	10.84	3.91
Q1 2011	12.46	12.07	4.97
Q2 2011	12.40	12.00	4.77
Q3 2011	13.04	12.59	4.39
Q4 2011	14.99	14.99	4.23
Q1 2012	13.89	14.41	3.62
Q2 2012	13.45	14.02	3.20
Q3 2012	13.48	14.04	3.10
Q4 2012	10.78	10.78	2.72
Q1 2013	10.48	10.48	2.60
Q2 2013	13.87	13.87	3.63
Q3 2013	16.11	16.11	4.01
Q4 2013	14.58	14.58	3.48
Q1 2014	20.10	20.10	4.67
Q2 2014	22.80	22.80	5.73
Q3 2014	24.55	24.55	5.88
Q4 2014	22.06	22.06	4.97
Q1 2015	21.92	21.92	4.75
Q2 2015	21.91	21.91	4.93
Q3 2015	19.12	19.12	4.06
Q4 2015	17.34	17.34	3.62
Q1 2016	16.93	16.32	3.67
Q2 2016	20.21	19.45	4.07
Q3 2016	15.47	14.89	3.01
Q4 2016	19.50	18.44	3.61
Q1 2017	20.49	20.12	3.83
Q2 2017	19.67	19.34	4.06
Q3 2017	14.62	19.58	3.88
Q4 2017	12.31	16.40	3.70
Q1 2018	15.18	20.11	4.44
Q2 2018	14.73	19.47	4.51
Q3 2018	17.30	17.88	4.04
Q4 2018	20.88	20.41	3.81
Q1 2019	21.37	20.89	4.02
Q2 2019	24.19	23.62	4.98

Period	P/E	Adjusted P/E	Price/book
2009	14.73	11.86	3.33
2010	10.84	10.84	3.91
2011	14.99	14.99	4.23
2012	10.78	10.78	2.72
2013	14.58	14.58	3.48
2014	22.06	22.06	4.97
2015	17.34	17.34	3.62
2016	19.50	18.44	3.61
2017	12.31	16.40	3.70
2018	20.88	20.41	3.81

Business Segments (Million)

Compared With The

Period	Retail and wholesale	Head office and leasing and others	Others
Q1 2011	934.19	32.34	-
Q2 2011	987.16	38.21	-
Q3 2011	1,096.14	40.08	-
Q4 2011	925.31	37.48	-
Q1 2012	976.27	36.44	-
Q2 2012	1,020.85	3.02	-
Q3 2012	1,122.32	20.32	-
Q4 2012	985.76	21.90	-
Q1 2013	1,066.43	21.50	-
Q2 2013	1,161.19	23.94	-
Q3 2013	1,193.14	23.78	-
Q4 2013	1,159.21	23.98	-
Q1 2014	1,222.98	24.03	-
Q2 2014	1,511.39	22.85	-
Q3 2014	1,208.79	26.42	-
Q4 2014	1,308.74	22.64	-
Q1 2015	1,408.03	26.15	-
Q2 2015	1,725.54	27.56	-
Q3 2015	1,348.57	26.93	-
Q4 2015	1,553.66	30.55	-
Q1 2016	1,640.02	28.03	-
Q2 2016	2,020.19	28.36	-
Q3 2016	1,583.28	28.54	-
Q4 2016	1,928.23	38.64	-
Q1 2017	1,875.71	-	-
Q2 2017	2,165.24	-	-
Q3 2017	1,750.81	9.20	-
Q4 2017	2,189.82	-	-
Q1 2018	1,772.52	-	25.74
Q2 2018	1,987.55	-	34.92
Q3 2018	1,701.84	-	42.85
Q4 2018	1,897.55	-	52.15
Q1 2019	1,902.26	-	57.40
Q2 2019	2,113.62	-	57.98

Period	Retail and wholesale	Head office and leasing and others	Others
2011	3,942.80	148.12	-
2012	4,105.20	81.68	-
2013	4,579.96	93.19	-
2014	5,251.90	95.93	-
2015	6,035.80	111.20	-
2016	7,171.73	123.57	-
2017	7,981.49	131.13	-
2018	7,359.46	-	155.67

Analysts Estimates (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change‬
Average	76.75	58.73	(23.5 %)

Estimates vs Actual (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change
SNB Capital	67.00	58.73	(12.3) %
AlJazira Capital	77.20	58.73	(23.9) %
OSOOL AND BAKHEET	77.80	58.73	(24.5) %
Al Rajhi Capital	85.00	58.73	(30.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	10,386.00
Enterprise Value (EV) (M)	10,052.02
Shares Outstanding ((M))	900.00
EPS ( Riyal) (TTM)	0.54
Book Value (BV) ( Riyal)	1.33
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	27.08
P/E (TTM)	21.32
Price/book	8.67
Return on Average Assets (%) (TTM)	7.4
Return on Average Equity (%) (TTM)	39.5

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Al Othaim net profit drops 10% in H1 2019

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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)

Revenue by Business Segment (Latest) 2019 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Al Othaim net profit drops 10% in H1 2019

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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) Q2 2019

Revenue by Business Segment (Latest) 2019 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Business Segments (Million)