Miahona 2023 net profit rises 13% to SAR 56.7M; Q4 at SAR 12.8M

24/04/2024 Argaam Exclusive

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Miahona Co., which is set to be listed on the main market (TASI), posted a 13% year-on-year growth in net profit for 2023 to SAR 56.7 million from SAR 50.1 million.



Financials (M)

Item 2022 2023 Change‬
Revenues 276.02 324.46 17.5 %
Gross Income 86.86 109.41 26.0 %
Operating Income 56.94 69.78 22.6 %
Net Income 50.11 56.72 13.2 %
Average Shares 160.93 160.93 -
EPS (Riyals) 0.31 0.35 13.2 %

Q4 net profit also fell 15% YoY to SAR 12.8 million.

 

The rise in 2023 net profit YoY was driven by an increase in revenues to SAR 324.5 million, as well as a rise in gross profit margin to 34% from 31% in 2022.

 

The company also recorded a rise in its share of affiliates to SAR 6.5 million from SAR 5.4 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 68.00 98.85 45.4 %
Gross Income 25.72 29.80 15.9 %
Operating Income 15.13 17.96 18.7 %
Net Income 14.98 12.80 (14.6 %)
Average Shares 160.93 160.93 -
EPS (Riyals) 0.09 0.08 (14.6 %)

Shareholders' equity, after minority interest, amounted to SAR 392.85 million, compared to SAR 342.50 million in the same period a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 76.80 - 22.89 - 14.31 - 0.09
Q4 2022 68.00 - 25.72 - 14.98 - 0.09
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 76.00 (1.0 %) 28.89 26.2 % 18.88 31.9 % 0.12
Q4 2023 98.85 45.4 % 29.80 15.9 % 12.80 (14.6 %) 0.08
2023 324.46 17.5 % 109.41 26.0 % 56.72 13.2 % 0.35

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 33.72 % 35.29 % 17.48 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 160.93 - - 2.16
Q4 2022 160.93 - - 2.13
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 160.93 - - 2.40
Q4 2023 160.93 - - 2.44

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -

Business Segments (Million)

Compared With The
Period Revenue recognized under service concession arrangements Management and engineering services Operation and maintenance revenue

Current
Market Cap (M Riyal) 5,415.29
Enterprise Value (EV) (M) 5,706.00
Shares Outstanding ((M)) 160.93
EPS ( Riyal) (TTM) -
Book Value (BV) ( Riyal) 2.44
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) -
P/E (TTM) -
Price/book 13.78
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) -

Share Price

33.65
2.25 7.17 %

Miahona Co. (MIAHONA)


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