Alsaif Gallery profit retreats 24% to SAR 101.7 mln in 9M 2022; Q3 rises to SAR 27.5 mln

AlSaif Stores for Development and Investment Co. (Alsaif Gallery), which is due to list on Tadawul, reported a net profit of SAR 101.7 million for the first nine months of 2022, down 24%, compared to SAR 133 million in the year-earlier period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	622.86	550.71	(11.6 %)
Gross Income	210.38	171.24	(18.6 %)
Operating Income	132.97	101.10	(24.0 %)
Net Income	132.99	101.72	(23.5 %)
Average Shares	350.00	350.00	-
EPS (Riyals)	0.38	0.29	(23.5 %)

The lower profit was driven by a 12% decline in revenues and higher general and administrative expenses, as well as financing costs and Zakat provision.

This came despite reporting SAR 11.4 million in other revenues in 9M 2022, compared to SAR 6.2 million in 9M 2021.

In Q3 2022, net profit rose 11.7% YoY to SAR 27.51 million, from SAR 24.62 million a year earlier.

The profit growth was spurred by a 3% rise in revenue and SAR 6.3 million in other revenues, despite lower gross profit and operating profit margins.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	162.60	168.14	3.4 %
Gross Income	48.04	45.11	(6.1 %)
Operating Income	23.56	23.00	(2.3 %)
Net Income	24.62	27.51	11.7 %
Average Shares	350.00	350.00	-
EPS (Riyals)	0.07	0.08	11.7 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	129.62	168.14	29.7 %
Gross Income	40.71	45.11	10.8 %
Operating Income	19.99	23.00	15.1 %
Net Income	15.12	27.51	81.9 %
Average Shares	350.00	350.00	-
EPS (Riyals)	0.04	0.08	81.9 %

Total shareholders’ equity, no minority interest, increased to SAR 417.9 million by the end of the nine-month period from SAR 381.2 million a year earlier.

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Share Price

AlSaif Stores for Development and Investment Co. (ALSAIF GALLERY)

	Current
Market Cap (M Riyal)	2,726.50
Enterprise Value (EV) (M)	2,815.88
Shares Outstanding ((M))	350.00
EPS ( Riyal) (TTM)	0.15
Book Value (BV) ( Riyal)	1.25
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	6.23
Return on Average Assets (%) (TTM)	6.4
Return on Average Equity (%) (TTM)	12.1

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	493.84	-	198.53	-	143.41	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	655.22	32.7 %	275.91	39.0 %	192.17	34.0 %
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	797.20	21.7 %	324.21	17.5 %	218.91	13.9 %
Q1 2021	272.81	-	102.43	-	75.02	-
Q2 2021	187.46	-	59.91	-	34.39	-
Q3 2021	162.60	-	48.04	-	23.56	-
Q4 2021	202.43	-	65.14	-	41.54	-
2021	825.29	3.5 %	275.53	(15.0 %)	174.51	(20.3 %)
Q1 2022	252.95	(7.3 %)	85.41	(16.6 %)	58.11	(22.5 %)
Q2 2022	129.62	(30.9 %)	40.71	(32.0 %)	19.99	(41.9 %)
Q3 2022	168.14	3.4 %	45.11	(6.1 %)	23.00	(2.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	493.84	-	198.53	-	143.41	-
2019	655.22	32.7 %	275.91	39.0 %	192.17	34.0 %
2020	797.20	21.7 %	324.21	17.5 %	218.91	13.9 %
2021	825.29	3.5 %	275.53	(15.0 %)	174.51	(20.3 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	143.77	-	0.41	-	143.77	0.41
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	187.43	30.4 %	0.54	-	187.43	0.54
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	214.19	14.3 %	0.61	-	214.19	0.61
Q1 2021	73.85	-	0.21	-	73.85	0.21
Q2 2021	34.52	-	0.10	-	34.52	0.10
Q3 2021	24.62	-	0.07	-	24.62	0.07
Q4 2021	51.90	-	0.15	-	51.90	0.15
2021	184.88	(13.7 %)	0.53	-	184.88	0.53
Q1 2022	59.09	(20.0 %)	0.17	-	59.09	0.17
Q2 2022	15.12	(56.2 %)	0.04	-	15.12	0.04
Q3 2022	27.51	11.7 %	0.08	-	27.51	0.08

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	143.77	-	0.41	-	143.77	0.41
2019	187.43	30.4 %	0.54	-	187.43	0.54
2020	214.19	14.3 %	0.61	-	214.19	0.61
2021	184.88	(13.7 %)	0.53	-	184.88	0.53

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	40.20 %	30.44 %	29.11 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	42.11 %	32.33 %	28.61 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	40.67 %	30.75 %	26.87 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	33.39 %	23.00 %	22.40 %
2021	33.39 %	24.98 %	22.40 %
Q1 2022	32.10 %	21.56 %	21.12 %
Q2 2022	32.01 %	22.41 %	20.16 %
Q3 2022	31.39 %	23.30 %	20.40 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	40.20 %	30.44 %	29.11 %
2019	42.11 %	32.33 %	28.61 %
2020	40.67 %	30.75 %	26.87 %
2021	33.39 %	24.98 %	22.40 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
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	37.55 %	30.13 %	27.07 %
Q2 2021	31.96 %	-	18.41 %
Q3 2021	29.55 %	-	15.14 %
Q4 2021	32.18 %	24.53 %	25.64 %
Q1 2022	33.77 %	26.10 %	23.36 %
Q2 2022	31.41 %	21.80 %	11.67 %
Q3 2022	26.83 %	18.74 %	16.36 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
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	350.00	-	-	1.20
Q2 2021	350.00	-	-	-
Q3 2021	350.00	-	-	1.37
Q4 2021	350.00	0.53	0.53	1.09
Q1 2022	350.00	0.49	0.49	1.26
Q2 2022	350.00	0.43	0.43	1.12
Q3 2022	350.00	0.44	0.44	1.19

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	350.00	0.41	0.41	0.59
2019	350.00	0.54	0.54	0.94
2020	350.00	0.61	0.61	0.99
2021	350.00	0.53	0.53	1.09

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
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	-	-	-

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-

Business Segments (Million)

Compared With The

Period	Branch retail	E-COMMERCE	Wholesale
Q1 2022	226.56	25.06	1.32
Q2 2022	117.90	8.83	2.89
Q3 2022	153.11	13.74	1.29

Period	Branch retail	E-COMMERCE	Wholesale
2019	636.44	9.85	8.93
2020	748.98	37.59	10.63
2021	757.89	61.43	5.96

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Alsaif Gallery profit retreats 24% to SAR 101.7 mln in 9M 2022; Q3 rises to SAR 27.5 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

AlSaif Stores for Development and Investment Co. (ALSAIF GALLERY)

Financial Ratios

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)

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q3

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Alsaif Gallery profit retreats 24% to SAR 101.7 mln in 9M 2022; Q3 rises to SAR 27.5 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

AlSaif Stores for Development and Investment Co. (ALSAIF GALLERY)

Financial Ratios

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)

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

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Business Segments (Million)