Bawan likely to see profit growth in Q4 2023

08/02/2024 Argaam Exclusive

In this report, Argaam highlights the expected results of Bawan Co. in Q4 2023, in addition to the company’s key events, quarterly revenue and profit development, as well as performance and profitability indicators.

 

The company’s revenue is expected to decline 10.47% year-on-year (YoY) in Q4 2023 to SAR 851 million.

Quarter Revenue Changes (M Riyal)

Item Q4
2022		 Q1
2023		 Q2
2023		 Q3
2023		 Q4
2023
(Average Estimate)
Sales 859.94 892.45 768.08 832.01 851.00
Change % 1.28% (0.07%) (3.78%) 2.34% (1.04%)

Quarter Net Income Changes (M Riyal)

Item Q4
2022		 Q1
2023		 Q2
2023		 Q3
2023		 Q4
2023
(Average Estimate)
Net Income 29.83 34.53 25.04 40.10 42.57
Extraordinary income/expense 0.00 0.00 4.83 2.91 -
Net Profit Before Unusual Items 29.83 34.53 20.21 37.20 -
EPS Before Unusual Items (Riyal/Share) 0.50 0.58 0.34 0.62 0.71

Quarterly Profit and Revenue (M Riyal)

Average estimates:

 

Bawan is expected to log a net profit of SAR 42.6 million in Q4 2023, compared to SAR 29.8 million in Q4 2022, according to average estimates by two research firms.  

Quarterly Actuals vs Estimates (M Riyal)

Average Estimate (M Riyal)

Analyst Million Riyals
Osool and Bakheet Investment Co. 45.14
Al Rajhi Capital Company 40.00
Average 42.57
Net Profit Before Unusual Items (2022 - Q4) 29.83
Change % 42.73%

Performance and profitability indicators:

 

The following table shows the stock performance, P/E ratio, and earnings per share trailing 12 months (TTM) and year to date (YTD):

P/E (TTM)

Stock Performance

Item The Company TASI
YTD (10.09 %) 1.38 %
Change(12M) 18.50 % 16.13 %
Previous Close 49.70 12,202.78
P/E adjusted (x) 24.49 26.68
EPS (TTM) before unusual items (SAR/Share) 2.03 -
Bawan Co.
41.00
0.75 1.86 %

Valuation Data (Latest Share Price)

P/E (TTM) 19.11
P/E Before Unusual Items (TTM) 19.55
P/BV 2.70
Dividend Yield 3.29 %
Market Cap. (M) 2,460.00
Return on Average Assets 5.96 %
Return on Average Equity 14.35 %

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