AME net profit edges up to SAR 21.2 mln in 2021
27/03/2022
Argaam Exclusive
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AME Company for Medical Supplies (AME) reported a marginal rise of 0.7% in its 2021 net profit after Zakat and tax to SAR 21.2 million, from SAR 21.07 million a year earlier.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 121.60 | 151.39 | 24.5 % |
| Gross Income | 55.28 | 69.55 | 25.8 % |
| Operating Income | 22.64 | 28.96 | 27.9 % |
| Net Income | 21.07 | 21.22 | 0.7 % |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 3.01 | 3.03 | 0.7 % |
The medical equipment manufacturer attributed the slight increase in net profit to revenue growth as the sales of medical supplies and equipment increased by SAR 19.5 million and SAR 8.6 million year-on-year (YoY), respectively.
AME also reported a rise in other income on disposal of a fixed asset.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2020 | H2 2021 | Change |
|---|---|---|---|
| Revenues | 76.94 | 81.60 | 6.1 % |
| Gross Income | 33.27 | 37.54 | 12.8 % |
| Operating Income | 17.70 | 15.70 | (11.3 %) |
| Net Income | 16.89 | 13.72 | (18.7 %) |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 2.41 | 1.96 | (18.7 %) |
Shareholders' equity, excluding minority interest, increased to SAR 93.414 million in 2021, compared to SAR 63.548 million in 2020.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 69.78 | 56.2 % | 32.00 | 45.4 % | 13.27 | 168.5 % |
| H2 2021 | 81.60 | 6.1 % | 37.54 | 12.8 % | 15.70 | (11.3 %) |
| 2021 | 151.39 | 24.5 % | 69.55 | 25.8 % | 28.96 | 27.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2021 | 7.50 | 79.3 % | 1.07 | (4.32) | 11.82 | 1.69 |
| H2 2021 | 13.72 | (18.7 %) | 1.96 | (0.15) | 13.87 | 1.98 |
| 2021 | 21.22 | 0.7 % | 3.03 | (4.47) | 25.69 | 3.67 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | 44.49 % | 21.31 % | 19.57 % |
| H2 2021 | 45.94 % | 19.44 % | 16.97 % |
| 2021 | 45.94 % | 19.44 % | 16.97 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2021 | 7.00 | 3.48 | 4.10 | 11.72 |
| H2 2021 | 7.00 | 3.03 | 3.67 | 13.34 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | - | - | - |
Business Segments (Million)
Q4 2021
| Period | Medical supplies | Medical equipment sales | Real Estate Management | Others |
|---|---|---|---|---|
| Q2 2021 | 51.04 | 15.33 | 3.24 | 0.18 |
| Q4 2021 | 67.96 | 11.75 | 2.07 | - |
| Current | |
| Market Cap (M Riyal) | 690.90 |
| Enterprise Value (EV) (M) | 647.50 |
| Shares Outstanding ((M)) | 7.00 |
| Book Value (BV) ( Riyal) | 18.17 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 20.61 |
| Price/book | 5.43 |
Share Price
AME Company for Medical Supplies (AME)
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