Financial Results : Americana net profit up 27% to SAR 972.1 mln in 2022; Q4 hits SAR 237.8 mln

Americana net profit up 27% to SAR 972.1 mln in 2022; Q4 hits SAR 237.8 mln

14/02/2023 Argaam Exclusive

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Americana Restaurants International PLC posted a net profit of SAR 972.1 million in 2022, a 27% increase from SAR 764.7 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 7,694.05 8,919.55 15.9 %
Gross Income 4,055.24 4,612.77 13.7 %
Operating Income 841.98 1,117.08 32.7 %
Net Income 764.69 972.10 27.1 %
Average Shares 8,423.63 8,423.63 -
EPS (Halala) 9.08 11.54 27.1 %

The positive performance was driven by 15.9% year-on-year (YoY) higher revenue as new restaurants opened.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 2,039.35 2,278.16 11.7 %
Gross Income 1,069.89 1,163.10 8.7 %
Operating Income 229.19 261.48 14.1 %
Net Income 185.13 237.79 28.4 %
Average Shares 8,423.63 8,423.63 -
EPS (Halala) 2.20 2.82 28.4 %

The fourth-quarter net profit rose 28.4% to SAR 237.79 million, from SAR 185.13 million in the year-earlier period. 

 

Net profit retreated 15% from SAR 279.56 million in Q3 2022.

 

Shareholders’ equity, excluding minority interest, increased to SAR 1.06 billion as of Dec. 31, 2022, compared to SAR 482.08 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 2,024.14 - 1,075.61 - 247.35 -
Q4 2021 2,039.35 - 1,069.89 - 229.19 -
Q1 2022 2,165.91 - 1,159.59 - 300.49 -
Q2 2022 2,153.82 - 1,112.19 - 272.68 -
Q3 2022 2,321.66 14.7 % 1,177.89 9.5 % 282.43 14.2 %
Q4 2022 2,278.16 11.7 % 1,163.10 8.7 % 261.48 14.1 %
2022 8,919.55 15.9 % 4,612.77 13.7 % 1,117.08 32.7 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 - - - - - -
Q2 2021 - - - - - -
Q3 2021 229.59 - 2.73 - 229.59 0.03
Q4 2021 185.13 - 2.20 - 185.13 0.02
Q1 2022 269.90 - 3.20 - 269.90 0.03
Q2 2022 184.85 - 2.19 (95.56) 280.41 0.03
Q3 2022 279.56 21.8 % 3.32 2.18 277.38 0.03
Q4 2022 237.79 28.4 % 2.82 8.87 228.92 0.03
2022 972.10 27.1 % 11.54 (84.50) 1,056.60 0.13

Profitability

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 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 52.69 % 21.88 % 11.51 %
Q3 2022 52.06 % 21.82 % 11.67 %
Q4 2022 51.72 % 21.76 % 11.85 %
2022 51.72 % 21.76 % 11.85 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) 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 - - - -
Q2 2021 - - - -
Q3 2021 8,423.63 - - 0.05
Q4 2021 8,423.63 - - 0.06
Q1 2022 8,423.63 - - 0.04
Q2 2022 8,423.63 10.32 11.46 0.06
Q3 2022 8,423.63 10.92 12.02 0.10
Q4 2022 8,423.63 11.54 12.54 0.13

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 - - -
Q4 2022 26.43 24.32 24.08

Business Segments (Million)

Compared With The
Period Food and Beverages Real Estate Rental Revenues
Q1 2022 2,162.51 3.41
Q2 2022 2,149.95 3.87
Q3 2022 2,318.34 3.32
Q4 2022 2,275.22 2.94

Current
Market Cap (M Riyal) 19,121.64
Enterprise Value (EV) (M) 18,152.49
Shares Outstanding ((M)) 8,423.63
EPS (Halala) (TTM) 6.68
Book Value (BV) ( Riyal) 0.16
Par Value ( Halala) 7.50
Adjusted P/E (Last12) 33.96
P/E (TTM) 33.96
Price/book 14.01
Return on Average Assets (%) (TTM) 10.1
Return on Average Equity (%) (TTM) 39.0

Americana Restaurants International PLC - Foreign Company (AMERICANA)


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