Financial Results : Jarir posts SAR 390.4M profit in H1 2024; Q2 at SAR 171.1M

Jarir posts SAR 390.4M profit in H1 2024; Q2 at SAR 171.1M

11/07/2024 Argaam Exclusive

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Jarir Marketing Co. (JMC) reported a net profit of SAR 390.4 million for H1 2024, a decline of 3.3% from SAR 403.5 million a year earlier.



Financials (Million Riyal)

Item 6m 2023 6m 2024 Change‬
Revenues 5,153.38 5,299.80 2.8 %
Gross Income 563.31 557.12 (1.1 %)
Operating Income 412.10 395.34 (4.1 %)
Net Income 403.53 390.41 (3.3 %)
Average Shares 1,200.00 1,200.00 -
Earnings Per Share before unusual items (Riyals) 0.34 0.33 (3.3 %)
EPS (Riyal) 0.34 0.33 (3.3 %)

The decline was attributed to a 1.1% year-on-year (YoY) decrease in gross profits, mainly due to a shift in the sales mix towards the relatively less profitable sections.

 

Selling and marketing costs, as well as general and administrative expenses also increased during the six-month period.

 

On the other hand, revenue increased thanks to higher sales of some sections, mainly smart phones, video games and computers. Total sales grew by 2.8% YoY.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 2,435.73 2,649.95 8.8 %
Gross Income 239.57 262.47 9.6 %
Operating Income 162.68 174.22 7.1 %
Net Income 155.78 171.09 9.8 %
Average Shares 1,200.00 1,200.00 -
Earnings Per Share before unusual items (Riyal) 0.13 0.14 9.8 %
EPS (Riyal) 0.13 0.14 9.8 %

The second-quarter net earnings increased by 10% to SAR 171.1 million from SAR 155.7 million in Q2 2023.

 

This was driven by higher sales of several sections, led by smartphones, video games, and computers sections, which led to an increase in total sales by 8.8%

 

Gross margins witnessed relative stability on sales as a whole, with direct operating costs remaining stable despite the growth in sales. This led to an increase in gross profit at a higher percentage than sales.

 

However, selling, marketing, general and administrative expenses increased compared with a year earlier.

 

Jarir’s net earnings dropped by 22% from SAR 219.3 million in Q1 2024.

 

Shareholders’ equity, no minority interest, decreased to SAR 1.65 billion as of June 30, 2024, from SAR 1.68 billion a year ago.

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Financial results (Million Riyal)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2003 159.31 - 36.51 - 27.49 -
Q2 2003 139.38 - 28.58 - 19.04 -
Q3 2003 219.99 - 51.41 - 41.82 -
Q4 2003 144.69 - 29.25 - 19.55 -
Q1 2004 202.89 27.4 % 42.84 17.3 % 32.59 18.6 %
Q2 2004 168.37 20.8 % 26.78 (6.3 %) 17.97 (5.6 %)
Q3 2004 263.17 19.6 % 58.50 13.8 % 47.04 12.5 %
Q4 2004 191.28 32.2 % 33.90 15.9 % 20.75 6.2 %
Q1 2005 272.81 34.5 % 53.33 24.5 % 42.94 31.8 %
Q2 2005 261.91 55.6 % 39.60 47.9 % 28.37 57.9 %
Q3 2005 360.81 37.1 % 76.03 30.0 % 63.70 35.4 %
Q4 2005 314.20 64.3 % 55.96 65.1 % 41.79 101.4 %
Q1 2006 390.82 43.3 % 83.55 56.7 % 72.51 68.9 %
Q2 2006 319.65 22.0 % 54.53 37.7 % 43.80 54.4 %
Q3 2006 446.76 23.8 % 98.22 29.2 % 83.76 31.5 %
Q4 2006 348.15 10.8 % 61.88 10.6 % 42.07 0.7 %
Q1 2007 428.49 9.6 % 88.95 6.5 % 79.16 9.2 %
Q2 2007 394.51 23.4 % 69.45 27.4 % 55.58 26.9 %
Q3 2007 477.65 6.9 % 101.24 3.1 % 89.33 6.7 %
Q4 2007 440.58 26.5 % 72.36 16.9 % 52.82 25.6 %
Q1 2008 597.65 39.5 % 120.72 35.7 % 100.27 26.7 %
Q2 2008 617.40 56.5 % 91.47 31.7 % 69.92 25.8 %
Q3 2008 636.72 33.3 % 109.92 8.6 % 92.35 3.4 %
Q4 2008 668.15 51.7 % 112.89 56.0 % 86.68 64.1 %
Q1 2009 662.06 10.8 % 126.50 4.8 % 106.61 6.3 %
Q2 2009 572.96 (7.2 %) 102.47 12.0 % 79.43 13.6 %
Q3 2009 595.80 (6.4 %) 120.53 9.7 % 94.16 2.0 %
Q4 2009 724.48 8.4 % 136.87 21.2 % 104.26 20.3 %
Q1 2010 795.47 20.2 % 142.97 13.0 % 117.54 10.3 %
Q2 2010 671.97 17.3 % 98.82 (3.6 %) 74.74 (5.9 %)
Q3 2010 735.32 23.4 % 126.84 5.2 % 102.63 9.0 %
Q4 2010 811.80 12.1 % 132.95 (2.9 %) 100.77 (3.3 %)
Q1 2011 945.63 18.9 % 162.68 13.8 % 135.53 15.3 %
Q2 2011 968.26 44.1 % 127.80 29.3 % 97.22 30.1 %
Q3 2011 1,208.91 64.4 % 183.99 45.1 % 150.90 47.0 %
Q4 2011 1,024.52 26.2 % 159.15 19.7 % 122.89 21.9 %
Q1 2012 1,196.21 26.5 % 190.19 16.9 % 160.77 18.6 %
Q2 2012 1,065.83 10.1 % 137.29 7.4 % 106.17 9.2 %
Q3 2012 1,189.84 (1.6 %) 193.39 5.1 % 160.05 6.1 %
Q4 2012 1,182.34 15.4 % 173.24 8.9 % 135.00 9.9 %
Q1 2013 1,329.98 11.2 % 210.75 10.8 % 179.70 11.8 %
Q2 2013 1,258.28 18.1 % 163.93 19.4 % 127.32 19.9 %
Q3 2013 1,334.15 12.1 % 218.87 13.2 % 184.54 15.3 %
Q4 2013 1,320.26 11.7 % 200.80 15.9 % 156.49 15.9 %
Q1 2014 1,398.85 5.2 % 235.05 11.5 % 199.92 11.3 %
Q2 2014 1,289.43 2.5 % 173.66 5.9 % 133.31 4.7 %
Q3 2014 1,426.25 6.9 % 237.37 8.5 % 201.05 9.0 %
Q4 2014 1,584.20 20.0 % 240.39 19.7 % 192.53 23.0 %
Q1 2015 1,909.51 36.5 % 283.51 20.6 % 243.11 21.6 %
Q2 2015 1,405.76 9.0 % 191.37 10.2 % 151.70 13.8 %
Q3 2015 1,536.06 7.7 % 253.41 6.8 % 215.98 7.4 %
Q4 2015 1,524.05 (3.8 %) 243.74 1.4 % 197.91 2.8 %
Q1 2016 1,417.43 (25.8 %) 214.77 (24.2 %) 166.73 (31.4 %)
Q2 2016 1,390.74 (1.1 %) 162.76 (15.0 %) 116.18 (23.4 %)
Q3 2016 1,520.93 (1.0 %) 252.93 (0.2 %) 215.03 (0.4 %)
Q4 2016 1,793.46 17.7 % 244.80 0.4 % 210.11 6.2 %
Q1 2017 1,704.95 20.3 % 247.38 15.2 % 212.94 27.7 %
Q2 2017 1,584.80 14.0 % 192.72 18.4 % 133.22 14.7 %
Q3 2017 1,651.79 8.6 % 290.72 14.9 % 242.42 12.7 %
Q4 2017 2,000.39 11.5 % 306.42 25.2 % 246.19 17.2 %
Q1 2018 1,599.42 (6.2 %) 242.67 (1.9 %) 210.02 (1.4 %)
Q2 2018 1,693.32 6.8 % 212.53 10.3 % 156.44 17.4 %
Q3 2018 1,932.08 17.0 % 338.56 16.5 % 285.09 17.6 %
Q4 2018 2,136.90 6.8 % 320.07 4.5 % 261.97 6.4 %
Q1 2019 1,886.64 18.0 % 302.14 24.5 % 248.14 18.2 %
Q2 2019 1,892.58 11.8 % 233.90 10.1 % 178.46 14.1 %
Q3 2019 2,251.23 16.5 % 389.14 14.9 % 314.68 10.4 %
Q4 2019 2,394.06 12.0 % 348.00 8.7 % 280.44 7.0 %
Q1 2020 2,340.22 24.0 % 327.46 8.4 % 264.51 6.6 %
Q2 2020 2,373.92 25.4 % 303.74 29.9 % 218.90 22.7 %
Q3 2020 2,037.85 (9.5 %) 334.46 (14.1 %) 265.06 (15.8 %)
Q4 2020 2,553.83 6.7 % 362.96 4.3 % 304.52 8.6 %
Q1 2021 2,530.39 8.1 % 337.57 3.1 % 276.92 4.7 %
Q2 2021 2,015.28 (15.1 %) 262.03 (13.7 %) 195.98 (10.5 %)
Q3 2021 2,224.49 9.2 % 344.09 2.9 % 275.95 4.1 %
Q4 2021 2,318.11 (9.2 %) 285.64 (21.3 %) 212.39 (30.3 %)
Q1 2022 2,286.89 (9.6 %) 325.05 (3.7 %) 258.12 (6.8 %)
Q2 2022 2,010.48 (0.2 %) 248.59 (5.1 %) 169.81 (13.4 %)
Q3 2022 2,517.03 13.2 % 372.26 8.2 % 283.42 2.7 %
Q4 2022 2,577.29 11.2 % 341.48 19.5 % 250.48 17.9 %
Q1 2023 2,717.65 18.8 % 323.74 (0.4 %) 249.42 (3.4 %)
Q2 2023 2,435.73 21.2 % 239.57 (3.6 %) 162.68 (4.2 %)
Q3 2023 2,639.04 4.8 % 384.41 3.3 % 301.19 6.3 %
Q4 2023 2,802.50 8.7 % 328.21 (3.9 %) 259.25 3.5 %
Q1 2024 2,649.85 (2.5 %) 294.65 (9.0 %) 221.12 (11.3 %)
Q2 2024 2,649.95 8.8 % 262.47 9.6 % 174.22 7.1 %


Profit Performance (Million Riyal)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2003 28.74 - 0.02 - 28.74 0.02
Q2 2003 19.13 - 0.02 - 19.13 0.02
Q3 2003 40.76 - 0.03 - 40.76 0.03
Q4 2003 20.19 - 0.02 - 20.19 0.02
Q1 2004 33.46 16.4 % 0.03 - 33.46 0.03
Q2 2004 19.48 1.9 % 0.02 - 19.48 0.02
Q3 2004 46.44 14.0 % 0.04 - 46.44 0.04
Q4 2004 21.21 5.1 % 0.02 - 21.21 0.02
Q1 2005 43.55 30.1 % 0.04 - 43.55 0.04
Q2 2005 29.35 50.7 % 0.02 - 29.35 0.02
Q3 2005 60.99 31.3 % 0.05 - 60.99 0.05
Q4 2005 42.33 99.6 % 0.04 - 42.33 0.04
Q1 2006 76.08 74.7 % 0.06 - 76.08 0.06
Q2 2006 43.90 49.6 % 0.04 - 43.90 0.04
Q3 2006 80.76 32.4 % 0.07 - 80.76 0.07
Q4 2006 42.55 0.5 % 0.04 - 42.55 0.04
Q1 2007 80.09 5.3 % 0.07 - 80.09 0.07
Q2 2007 54.35 23.8 % 0.05 - 54.35 0.05
Q3 2007 87.48 8.3 % 0.07 - 87.48 0.07
Q4 2007 54.33 27.7 % 0.05 - 54.33 0.05
Q1 2008 97.11 21.3 % 0.08 - 97.11 0.08
Q2 2008 67.08 23.4 % 0.06 - 67.08 0.06
Q3 2008 88.40 1.0 % 0.07 - 88.40 0.07
Q4 2008 80.18 47.6 % 0.07 - 80.18 0.07
Q1 2009 107.45 10.6 % 0.09 - 107.45 0.09
Q2 2009 72.41 8.0 % 0.06 - 72.41 0.06
Q3 2009 90.64 2.5 % 0.08 - 90.64 0.08
Q4 2009 103.47 29.0 % 0.09 - 103.47 0.09
Q1 2010 118.49 10.3 % 0.10 - 118.49 0.10
Q2 2010 75.77 4.6 % 0.06 - 75.77 0.06
Q3 2010 102.87 13.5 % 0.09 - 102.87 0.09
Q4 2010 103.62 0.1 % 0.09 - 103.62 0.09
Q1 2011 136.77 15.4 % 0.11 - 136.77 0.11
Q2 2011 98.52 30.0 % 0.08 - 98.52 0.08
Q3 2011 152.88 48.6 % 0.13 - 152.88 0.13
Q4 2011 124.82 20.5 % 0.10 - 124.82 0.10
Q1 2012 164.23 20.1 % 0.14 - 164.23 0.14
Q2 2012 106.98 8.6 % 0.09 - 106.98 0.09
Q3 2012 160.71 5.1 % 0.13 - 160.71 0.13
Q4 2012 137.91 10.5 % 0.11 - 137.91 0.11
Q1 2013 180.84 10.1 % 0.15 - 180.84 0.15
Q2 2013 126.22 18.0 % 0.11 - 126.22 0.11
Q3 2013 186.19 15.9 % 0.16 - 186.19 0.16
Q4 2013 160.03 16.0 % 0.13 - 160.03 0.13
Q1 2014 201.33 11.3 % 0.17 - 201.33 0.17
Q2 2014 135.23 7.1 % 0.11 - 135.23 0.11
Q3 2014 203.00 9.0 % 0.17 - 203.00 0.17
Q4 2014 205.81 28.6 % 0.17 - 205.81 0.17
Q1 2015 247.02 22.7 % 0.21 - 247.02 0.21
Q2 2015 154.86 14.5 % 0.13 - 154.86 0.13
Q3 2015 218.50 7.6 % 0.18 - 218.50 0.18
Q4 2015 208.09 1.1 % 0.17 - 208.09 0.17
Q1 2016 174.96 (29.2 %) 0.15 - 174.96 0.15
Q2 2016 126.48 (18.3 %) 0.11 - 126.48 0.11
Q3 2016 217.92 (0.3 %) 0.18 (4.00) 221.92 0.18
Q4 2016 215.32 3.5 % 0.18 - 215.32 0.18
Q1 2017 221.44 26.6 % 0.18 - 221.44 0.18
Q2 2017 147.76 16.8 % 0.12 7.40 140.36 0.12
Q3 2017 246.53 13.1 % 0.21 - 246.53 0.21
Q4 2017 251.93 17.0 % 0.21 - 251.93 0.21
Q1 2018 219.10 (1.1 %) 0.18 - 219.10 0.18
Q2 2018 162.59 10.0 % 0.14 - 162.59 0.14
Q3 2018 288.00 16.8 % 0.24 - 288.00 0.24
Q4 2018 290.31 15.2 % 0.24 - 290.31 0.24
Q1 2019 233.69 6.7 % 0.19 - 233.69 0.19
Q2 2019 169.13 4.0 % 0.14 - 169.13 0.14
Q3 2019 304.97 5.9 % 0.25 - 304.97 0.25
Q4 2019 276.94 (4.6 %) 0.23 - 276.94 0.23
Q1 2020 251.69 7.7 % 0.21 - 251.69 0.21
Q2 2020 208.39 23.2 % 0.17 - 208.39 0.17
Q3 2020 255.24 (16.3 %) 0.21 - 255.24 0.21
Q4 2020 287.67 3.9 % 0.24 - 287.67 0.24
Q1 2021 267.64 6.3 % 0.22 - 267.64 0.22
Q2 2021 189.24 (9.2 %) 0.16 - 189.24 0.16
Q3 2021 272.50 6.8 % 0.23 11.10 261.40 0.22
Q4 2021 262.48 (8.8 %) 0.22 38.50 223.98 0.19
Q1 2022 251.31 (6.1 %) 0.21 - 251.31 0.21
Q2 2022 177.16 (6.4 %) 0.15 10.20 166.96 0.14
Q3 2022 273.72 0.4 % 0.23 - 273.72 0.23
Q4 2022 267.57 1.9 % 0.22 17.00 250.57 0.21
Q1 2023 247.75 (1.4 %) 0.21 - 247.75 0.21
Q2 2023 155.78 (12.1 %) 0.13 - 155.78 0.13
Q3 2023 296.33 8.3 % 0.25 - 296.33 0.25
Q4 2023 273.19 2.1 % 0.23 - 273.19 0.23
Q1 2024 219.32 (11.5 %) 0.18 - 219.32 0.18
Q2 2024 171.09 9.8 % 0.14 - 171.09 0.14

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2003 - - -
Q2 2003 - - -
Q3 2003 - - -
Q4 2003 21.97 % 17.90 % 16.40 %
Q1 2004 21.51 % 17.48 % 16.06 %
Q2 2004 20.42 % 16.65 % 15.47 %
Q3 2004 20.20 % 16.40 % 15.35 %
Q4 2004 19.62 % 15.61 % 14.60 %
Q1 2005 19.26 % 15.64 % 14.59 %
Q2 2005 18.74 % 15.36 % 14.21 %
Q3 2005 18.67 % 15.71 % 14.27 %
Q4 2005 18.59 % 15.55 % 14.57 %
Q1 2006 19.22 % 16.40 % 15.72 %
Q2 2006 19.49 % 16.79 % 16.12 %
Q3 2006 19.86 % 17.09 % 16.52 %
Q4 2006 19.81 % 16.90 % 16.16 %
Q1 2007 19.67 % 16.92 % 16.03 %
Q2 2007 19.69 % 16.85 % 15.93 %
Q3 2007 19.50 % 16.86 % 16.04 %
Q4 2007 19.07 % 16.69 % 15.87 %
Q1 2008 19.04 % 16.32 % 15.35 %
Q2 2008 18.08 % 15.30 % 14.34 %
Q3 2008 17.21 % 14.37 % 13.39 %
Q4 2008 17.26 % 14.42 % 13.21 %
Q1 2009 17.06 % 14.32 % 13.28 %
Q2 2009 17.79 % 14.97 % 13.72 %
Q3 2009 18.50 % 15.33 % 14.03 %
Q4 2009 19.03 % 15.78 % 14.64 %
Q1 2010 18.70 % 15.42 % 14.32 %
Q2 2010 17.91 % 14.74 % 13.93 %
Q3 2010 17.27 % 14.34 % 13.68 %
Q4 2010 16.64 % 13.78 % 13.29 %
Q1 2011 16.47 % 13.70 % 13.24 %
Q2 2011 15.90 % 13.17 % 12.76 %
Q3 2011 15.44 % 12.82 % 12.50 %
Q4 2011 15.28 % 12.72 % 12.37 %
Q1 2012 15.03 % 12.57 % 12.29 %
Q2 2012 14.92 % 12.52 % 12.21 %
Q3 2012 15.19 % 12.79 % 12.44 %
Q4 2012 14.98 % 12.59 % 12.30 %
Q1 2013 14.99 % 12.66 % 12.30 %
Q2 2013 14.94 % 12.59 % 12.21 %
Q3 2013 15.02 % 12.69 % 12.36 %
Q4 2013 15.15 % 12.70 % 12.46 %
Q1 2014 15.41 % 12.97 % 12.68 %
Q2 2014 15.51 % 13.03 % 12.78 %
Q3 2014 15.58 % 13.14 % 12.87 %
Q4 2014 15.56 % 13.18 % 13.08 %
Q1 2015 15.06 % 12.79 % 12.74 %
Q2 2015 15.06 % 12.84 % 12.82 %
Q3 2015 15.05 % 12.90 % 12.84 %
Q4 2015 15.25 % 13.19 % 12.99 %
Q1 2016 15.35 % 13.10 % 12.86 %
Q2 2016 14.91 % 12.59 % 12.41 %
Q3 2016 14.94 % 12.65 % 12.50 %
Q4 2016 14.30 % 12.26 % 12.07 %
Q1 2017 14.16 % 12.40 % 12.25 %
Q2 2017 14.20 % 12.33 % 12.10 %
Q3 2017 14.49 % 12.50 % 12.23 %
Q4 2017 14.94 % 12.73 % 12.39 %
Q1 2018 15.10 % 12.90 % 12.55 %
Q2 2018 15.15 % 13.07 % 12.67 %
Q3 2018 15.23 % 13.18 % 12.76 %
Q4 2018 15.13 % 13.18 % 13.04 %
Q1 2019 15.34 % 13.45 % 12.74 %
Q2 2019 15.22 % 13.68 % 12.50 %
Q3 2019 15.25 % 13.76 % 12.22 %
Q4 2019 15.11 % 13.85 % 11.69 %
Q1 2020 14.63 % 13.37 % 11.29 %
Q2 2020 14.62 % 13.11 % 11.13 %
Q3 2020 14.36 % 12.93 % 10.85 %
Q4 2020 14.28 % 13.00 % 10.78 %
Q1 2021 14.10 % 12.87 % 10.73 %
Q2 2021 14.19 % 13.18 % 10.94 %
Q3 2021 14.01 % 13.00 % 10.79 %
Q4 2021 13.53 % 12.28 % 10.37 %
Q1 2022 13.76 % 12.44 % 10.47 %
Q2 2022 13.61 % 12.12 % 10.22 %
Q3 2022 13.49 % 11.88 % 10.03 %
Q4 2022 13.71 % 12.02 % 10.04 %
Q1 2023 13.09 % 11.43 % 9.56 %
Q2 2023 12.46 % 10.97 % 9.05 %
Q3 2023 12.43 % 11.05 % 9.17 %
Q4 2023 12.04 % 10.91 % 9.18 %
2023 12.04 % 10.91 % 9.18 %
Q1 2024 11.84 % 10.71 % 8.97 %
Q2 2024 11.82 % 10.55 % 8.94 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2003 1,200.00 - - 0.28
Q2 2003 1,200.00 - - 0.29
Q3 2003 1,200.00 - - 0.33
Q4 2003 1,200.00 0.09 0.09 0.27
Q1 2004 1,200.00 0.09 0.09 0.29
Q2 2004 1,200.00 0.09 0.09 0.31
Q3 2004 1,200.00 0.10 0.10 0.35
Q4 2004 1,200.00 0.10 0.10 0.37
Q1 2005 1,200.00 0.11 0.11 0.31
Q2 2005 1,200.00 0.12 0.12 0.34
Q3 2005 1,200.00 0.13 0.13 0.39
Q4 2005 1,200.00 0.15 0.15 0.42
Q1 2006 1,200.00 0.17 0.17 0.39
Q2 2006 1,200.00 0.19 0.19 0.42
Q3 2006 1,200.00 0.20 0.20 0.49
Q4 2006 1,200.00 0.20 0.20 0.53
Q1 2007 1,200.00 0.21 0.21 0.44
Q2 2007 1,200.00 0.21 0.21 0.49
Q3 2007 1,200.00 0.22 0.22 0.56
Q4 2007 1,200.00 0.23 0.23 0.51
Q1 2008 1,200.00 0.24 0.24 0.49
Q2 2008 1,200.00 0.26 0.26 0.55
Q3 2008 1,200.00 0.26 0.26 0.51
Q4 2008 1,200.00 0.28 0.28 0.57
Q1 2009 1,200.00 0.29 0.29 0.55
Q2 2009 1,200.00 0.29 0.29 0.55
Q3 2009 1,200.00 0.29 0.29 0.57
Q4 2009 1,200.00 0.31 0.31 0.60
Q1 2010 1,200.00 0.32 0.32 0.62
Q2 2010 1,200.00 0.32 0.32 0.61
Q3 2010 1,200.00 0.33 0.33 0.64
Q4 2010 1,200.00 0.33 0.33 0.66
Q1 2011 1,200.00 0.35 0.35 0.71
Q2 2011 1,200.00 0.37 0.37 0.70
Q3 2011 1,200.00 0.41 0.41 0.76
Q4 2011 1,200.00 0.43 0.43 0.76
Q1 2012 1,200.00 0.45 0.45 0.81
Q2 2012 1,200.00 0.46 0.46 0.79
Q3 2012 1,200.00 0.46 0.46 0.86
Q4 2012 1,200.00 0.47 0.47 0.86
Q1 2013 1,200.00 0.49 0.49 0.91
Q2 2013 1,200.00 0.50 0.50 0.90
Q3 2013 1,200.00 0.53 0.53 0.97
Q4 2013 1,200.00 0.54 0.54 0.98
Q1 2014 1,200.00 0.56 0.56 1.04
Q2 2014 1,200.00 0.57 0.57 1.02
Q3 2014 1,200.00 0.58 0.58 1.10
Q4 2014 1,200.00 0.62 0.62 1.13
Q1 2015 1,200.00 0.66 0.66 1.20
Q2 2015 1,200.00 0.68 0.68 1.16
Q3 2015 1,200.00 0.69 0.69 1.23
Q4 2015 1,200.00 0.69 0.69 1.25
Q1 2016 1,200.00 0.63 0.63 1.23
Q2 2016 1,200.00 0.61 0.61 1.23
Q3 2016 1,200.00 0.61 0.61 1.29
Q4 2016 1,200.00 0.61 0.62 1.25
Q1 2017 1,200.00 0.65 0.65 1.27
Q2 2017 1,200.00 0.67 0.67 1.23
Q3 2017 1,200.00 0.69 0.69 1.33
Q4 2017 1,200.00 0.72 0.72 1.36
Q1 2018 1,200.00 0.72 0.71 1.35
Q2 2018 1,200.00 0.73 0.73 1.30
Q3 2018 1,200.00 0.77 0.77 1.41
Q4 2018 1,200.00 0.80 0.80 1.42
Q1 2019 1,200.00 0.81 0.81 1.32
Q2 2019 1,200.00 0.82 0.82 1.27
Q3 2019 1,200.00 0.83 0.83 1.39
Q4 2019 1,200.00 0.82 0.82 1.37
Q1 2020 1,200.00 0.84 0.84 1.36
Q2 2020 1,200.00 0.87 0.87 1.36
Q3 2020 1,200.00 0.83 0.83 1.41
Q4 2020 1,200.00 0.84 0.84 1.44
Q1 2021 1,200.00 0.85 0.85 1.43
Q2 2021 1,200.00 0.83 0.83 1.37
Q3 2021 1,200.00 0.85 0.84 1.46
Q4 2021 1,200.00 0.83 0.79 1.47
Q1 2022 1,200.00 0.81 0.77 1.48
Q2 2022 1,200.00 0.80 0.75 1.42
Q3 2022 1,200.00 0.80 0.76 1.50
Q4 2022 1,200.00 0.81 0.79 1.50
Q1 2023 1,200.00 0.81 0.78 1.48
Q2 2023 1,200.00 0.79 0.77 1.40
Q3 2023 1,200.00 0.81 0.79 1.50
Q4 2023 1,200.00 0.81 0.81 1.48
Q1 2024 1,200.00 0.79 0.79 1.42
Q2 2024 1,200.00 0.80 0.80 1.38

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2003 - - -
Q2 2003 - - -
Q3 2003 - - -
Q4 2003 16.92 16.92 5.78
Q1 2004 15.37 15.37 4.96
Q2 2004 16.06 16.06 4.93
Q3 2004 15.21 15.21 4.35
Q4 2004 18.31 18.31 5.03
Q1 2005 17.34 17.34 6.01
Q2 2005 27.31 27.31 9.45
Q3 2005 32.19 32.19 10.68
Q4 2005 32.21 32.21 11.14
Q1 2006 24.63 24.63 11.04
Q2 2006 23.78 23.78 10.42
Q3 2006 21.32 21.32 8.78
Q4 2006 18.22 18.22 7.00
Q1 2007 17.23 17.23 7.99
Q2 2007 15.77 15.77 6.92
Q3 2007 17.30 17.30 6.78
Q4 2007 17.11 17.11 7.76
Q1 2008 16.32 16.32 8.16
Q2 2008 18.29 18.29 8.49
Q3 2008 17.25 17.25 8.73
Q4 2008 15.51 15.51 7.51
Q1 2009 14.84 14.84 7.72
Q2 2009 15.10 15.10 8.01
Q3 2009 15.54 15.54 7.93
Q4 2009 14.31 14.31 7.40
Q1 2010 15.09 15.09 7.75
Q2 2010 16.07 16.07 8.51
Q3 2010 15.88 15.88 8.22
Q4 2010 15.07 15.07 7.57
Q1 2011 13.70 13.70 6.72
Q2 2011 15.96 15.96 8.34
Q3 2011 13.95 13.95 7.48
Q4 2011 16.29 16.29 9.22
Q1 2012 17.10 17.10 9.48
Q2 2012 16.51 16.51 9.54
Q3 2012 16.57 16.57 8.99
Q4 2012 16.35 16.35 9.08
Q1 2013 16.73 16.73 8.95
Q2 2013 19.12 19.12 10.74
Q3 2013 21.98 21.98 11.93
Q4 2013 21.91 21.91 12.20
Q1 2014 27.52 27.52 14.86
Q2 2014 25.93 25.93 14.50
Q3 2014 25.92 25.92 13.78
Q4 2014 22.43 22.43 12.30
Q1 2015 25.01 25.01 13.73
Q2 2015 24.53 24.53 14.28
Q3 2015 19.60 19.60 10.94
Q4 2015 17.37 17.37 9.57
Q1 2016 13.47 13.47 6.90
Q2 2016 14.55 14.55 7.19
Q3 2016 11.47 11.41 5.38
Q4 2016 14.14 14.07 6.91
Q1 2017 15.56 15.48 7.95
Q2 2017 16.44 16.51 8.93
Q3 2017 16.68 16.83 8.70
Q4 2017 15.22 15.35 8.12
Q1 2018 18.40 18.56 9.86
Q2 2018 18.18 18.18 10.24
Q3 2018 17.87 17.87 9.76
Q4 2018 19.00 19.00 10.73
Q1 2019 19.48 19.48 11.98
Q2 2019 20.45 20.45 13.11
Q3 2019 19.00 19.00 11.36
Q4 2019 20.18 20.18 12.08
Q1 2020 15.29 15.29 9.39
Q2 2020 16.81 16.81 10.71
Q3 2020 22.66 22.66 13.32
Q4 2020 20.75 20.75 12.06
Q1 2021 21.43 21.43 12.77
Q2 2021 25.35 25.35 15.38
Q3 2021 24.73 25.00 14.35
Q4 2021 23.81 25.06 13.35
Q1 2022 24.23 25.53 13.31
Q2 2022 20.25 21.59 11.45
Q3 2022 20.77 21.88 11.12
Q4 2022 18.56 19.10 9.99
Q1 2023 20.24 20.83 11.02
Q2 2023 21.01 21.39 11.78
Q3 2023 17.99 18.31 9.67
Q4 2023 19.21 19.21 10.55
Q1 2024 18.42 18.42 10.18
Q2 2024 15.78 15.78 9.17

Business Segments (Million Riyal)

Compared With The
Period Retail sector Wholesale E-Commerce Other sectors
Q1 2003 122.34 36.97 - -
Q2 2003 123.03 16.34 - -
Q3 2003 144.60 75.39 - -
Q4 2003 132.91 11.78 - -
Q1 2004 163.72 39.17 - -
Q2 2004 157.50 10.87 - -
Q3 2004 181.87 81.30 - -
Q4 2004 176.92 14.36 - -
Q1 2005 223.39 49.42 - -
Q2 2005 246.56 15.36 - -
Q3 2005 277.35 83.46 - -
Q4 2005 297.80 16.41 - -
Q1 2006 333.62 57.20 - -
Q2 2006 297.07 22.58 - -
Q3 2006 361.61 85.15 - -
Q4 2006 325.95 22.20 - -
Q1 2007 359.78 68.71 - -
Q2 2007 366.64 27.87 - -
Q3 2007 388.22 89.43 - -
Q4 2007 404.07 36.52 - -
Q1 2008 501.96 95.69 - -
Q2 2008 574.68 42.72 - -
Q3 2008 553.83 82.88 - -
Q4 2008 600.72 67.43 - -
Q1 2009 562.00 100.00 - -
Q2 2009 530.00 43.00 - -
Q3 2009 501.00 95.00 - -
Q4 2009 663.00 61.00 - -
Q1 2010 678.00 117.00 - -
Q2 2010 627.00 45.00 - -
Q3 2010 623.00 113.00 - -
Q4 2010 753.00 59.00 - -
Q1 2011 827.00 119.00 - -
Q2 2011 917.00 51.00 - -
Q3 2011 1,067.00 142.00 - -
Q4 2011 960.00 64.00 - -
Q1 2012 1,070.00 126.00 - -
Q2 2012 1,009.00 57.00 - -
Q3 2012 1,034.00 156.00 - -
Q4 2012 1,092.00 90.00 - -
Q1 2013 1,224.00 106.00 - -
Q2 2013 1,203.00 55.00 - -
Q3 2013 1,173.00 161.00 - -
Q4 2013 1,229.00 92.00 - -
Q1 2014 1,275.00 124.00 - -
Q2 2014 1,230.00 59.00 - -
Q3 2014 1,252.00 175.00 - -
Q4 2014 1,486.00 98.00 - -
Q1 2015 1,783.00 127.00 - -
Q2 2015 1,345.00 60.00 - -
Q3 2015 1,367.00 169.00 - -
Q4 2015 1,397.00 127.00 - -
Q1 2016 1,293.00 85.00 - 39.00
Q2 2016 1,303.00 50.00 - 38.00
Q3 2016 1,326.00 150.00 - 45.00
Q4 2016 1,673.00 71.00 - 50.00
Q1 2017 1,530.00 133.00 - 42.00
Q2 2017 1,497.00 43.00 - 45.00
Q3 2017 1,446.00 154.00 - 52.00
Q4 2017 1,772.00 121.00 - 107.00
Q1 2018 1,487.00 61.00 - 51.00
Q2 2018 1,596.00 35.00 - 63.00
Q3 2018 1,667.00 158.00 - 107.00
Q4 2018 1,873.00 118.00 - 146.00
Q1 2019 1,723.00 66.00 - 98.00
Q3 2019 1,914.00 170.00 135.00 32.00
Q4 2019 2,149.00 93.00 120.20 32.50
Q1 2020 2,071.00 77.00 148.00 44.00
Q2 2020 1,780.00 44.00 520.00 30.00
Q3 2020 1,804.00 66.00 145.00 23.00
Q4 2020 2,089.00 38.00 404.00 23.00
Q1 2021 2,276.00 40.00 193.00 21.00
Q2 2021 1,811.00 28.00 150.00 27.00
Q3 2021 1,868.00 78.00 255.00 23.00
Q4 2021 2,038.00 46.00 192.00 42.00
Q1 2022 2,012.00 69.00 181.00 25.00
Q2 2022 1,778.00 45.00 165.00 22.00
Q3 2022 2,003.00 115.00 371.00 28.00
Q4 2022 1,988.00 68.00 474.00 47.00
Q1 2023 1,950.00 64.00 665.00 39.00
Q2 2023 1,944.00 41.00 422.00 28.00
Q3 2023 1,988.00 126.00 485.00 40.00
Q4 2023 2,273.00 59.00 434.00 37.00
Q1 2024 2,105.00 53.00 470.00 22.00
Q2 2024 1,906.00 34.00 691.00 19.00

Analysts Estimates (Million Riyal)

Item Profit (Expected) Profit (Actual) Change
Average 172.15 171.09

Estimates vs Actual (Million Riyal)

Item Profit (Expected) Profit (Actual) Change‬
Sico 165.00 171.09
SNB Capital 154.00 171.09
Riyad Capital 153.00 171.09
Al Rajhi Capital 190.00 171.09
GIB Capital 150.00 171.09
U-Capital 146.00 171.09
AlJazira Capital 140.10 171.09
OSOOL AND BAKHEET 205.65 171.09
Value Capital 206.70 171.09
YAQEEN 211.00 171.09


Financial Ratios
Current
Market Cap (M Riyal) 19,548.02
Enterprise Value (EV) (M Riyal) 19,386.53
Shares Outstanding ((M)) 1,200.00
Recurring EPS ( Riyal) (TTM) 0.94
Book Value (BV) ( Riyal) 1.41
Par Value ( Riyal) 1.00
Recurring P/E (TTM) 17.40
P/E (TTM) 17.40
Price/book 11.59
Dividend Yield (%) (Last Year) 5.46
Return on Average Assets (%) (TTM) 26.6
Return on Average Equity (%) (TTM) 67.2
EV/adj EBITDA 14.53
EV/Revenues 1.62
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Share Price

Jarir Marketing Co.
16.29
0.13 0.80 %

Jarir Marketing Co. (JARIR)

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