Al Taiseer Group Talco Industrial Co. (TALCO) reported a 10% rise in H1 2024 net earnings to SAR 44 million, compared with SAR 39.8 million a year before.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 338.85 | 327.17 | (3.4 %) |
| Gross Income | 71.22 | 76.41 | 7.3 % |
| Operating Income | 44.72 | 51.97 | 16.2 % |
| Net Income | 39.84 | 43.97 | 10.4 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 1.00 | 1.10 | 10.4 % |
The profit growth was driven by higher sales volume, a lower cost of sales, and an increase in other income. In addition, the company reported a decline in general and administrative expenses, as well as lower impairment losses on trade receivables.
However, sales value declined to SAR 327.2 million, compared to SAR 338.8 million a year earlier, due to lower sales volume of the main segment, aluminum, as well as a decrease in the cost of raw materials on lower selling prices of some materials.
Selling and distribution expenses, as well as Zakat charges, increased during the six-month period.
In Q2 2024, net earnings leapt 37% to SAR 20.9 million, compared with SAR 15.28 million a year earlier, driven mainly by higher sales value and revenues, as well as lower general and administrative expenses.
However, the company's second-quarter earnings fell 9.7% from SAR 23.10 million in Q1 2024.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 156.47 | 164.80 | 5.3 % |
| Gross Income | 31.47 | 37.94 | 20.6 % |
| Operating Income | 17.54 | 25.32 | 44.4 % |
| Net Income | 15.28 | 20.87 | 36.6 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.38 | 0.52 | 36.6 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 162.37 | 164.80 | 1.5 % |
| Gross Income | 38.47 | 37.94 | (1.4 %) |
| Operating Income | 26.65 | 25.32 | (5.0 %) |
| Net Income | 23.10 | 20.87 | (9.7 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.58 | 0.52 | (9.7 %) |
Total shareholders’ equity, no minority interest, grew to SAR 525.71 million as of June 30, 2024, from SAR 440.2 million a year earlier.
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| 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 | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - |
| 2019 | 334.13 | - | 54.03 | - | 31.11 | - |
| Q1 2020 | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - |
| 2020 | 359.25 | 7.5 % | 67.85 | 25.6 % | 41.94 | 34.8 % |
| Q1 2021 | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - |
| 2021 | 518.54 | 44.3 % | 93.85 | 38.3 % | 63.31 | 51.0 % |
| Q1 2022 | 183.20 | - | 32.52 | - | 22.80 | - |
| Q2 2022 | 194.68 | - | 26.57 | - | 14.34 | - |
| Q3 2022 | - | - | - | - | - | - |
| Q4 2022 | - | - | - | - | - | - |
| 2022 | 749.87 | 44.6 % | 127.31 | 35.6 % | 82.13 | 29.7 % |
| Q1 2023 | 181.22 | (1.1 %) | 38.59 | 18.7 % | 25.93 | 13.7 % |
| Q2 2023 | 156.47 | (19.6 %) | 31.47 | 18.5 % | 17.54 | 22.3 % |
| Q3 2023 | - | - | - | - | - | - |
| Q4 2023 | - | - | - | - | - | - |
| 2023 | 671.35 | (10.5 %) | 140.63 | 10.5 % | 87.34 | 6.3 % |
| Q1 2024 | 162.37 | (10.4 %) | 38.47 | (0.3 %) | 26.65 | 2.8 % |
| Q2 2024 | 164.80 | 5.3 % | 37.94 | 20.6 % | 25.32 | 44.4 % |
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| 2014 | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - |
| 2019 | 334.13 | - | 54.03 | - | 31.11 | - |
| 2020 | 359.25 | 7.5 % | 67.85 | 25.6 % | 41.94 | 34.8 % |
| 2021 | 518.54 | 44.3 % | 93.85 | 38.3 % | 63.31 | 51.0 % |
| 2022 | 749.87 | 44.6 % | 127.31 | 35.6 % | 82.13 | 29.7 % |
| 2023 | 671.35 | (10.5 %) | 140.63 | 10.5 % | 87.34 | 6.3 % |
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| 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 | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - |
| 2019 | 25.81 | - | 0.65 | - | 25.81 | 0.65 |
| Q1 2020 | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - |
| 2020 | 35.54 | 37.7 % | 0.89 | - | 35.54 | 0.89 |
| Q1 2021 | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - |
| 2021 | 56.62 | 59.3 % | 1.42 | - | 56.62 | 1.42 |
| Q1 2022 | 21.10 | - | 0.53 | - | 21.10 | 0.53 |
| Q2 2022 | 12.74 | - | 0.32 | - | 12.74 | 0.32 |
| Q3 2022 | - | - | - | - | - | - |
| Q4 2022 | - | - | - | - | - | - |
| 2022 | 74.70 | 31.9 % | 1.87 | - | 74.70 | 1.87 |
| Q1 2023 | 24.55 | 16.4 % | 0.61 | - | 24.55 | 0.61 |
| Q2 2023 | 15.28 | 19.9 % | 0.38 | - | 15.28 | 0.38 |
| Q3 2023 | - | - | - | - | - | - |
| Q4 2023 | - | - | - | - | - | - |
| 2023 | 80.13 | 7.3 % | 2.00 | - | 80.13 | 2.00 |
| Q1 2024 | 23.10 | (5.9 %) | 0.58 | - | 23.10 | 0.58 |
| Q2 2024 | 20.87 | 36.6 % | 0.52 | - | 20.87 | 0.52 |
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| 2014 | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - |
| 2019 | 25.81 | - | 0.65 | - | 25.81 | 0.65 |
| 2020 | 35.54 | 37.7 % | 0.89 | - | 35.54 | 0.89 |
| 2021 | 56.62 | 59.3 % | 1.42 | - | 56.62 | 1.42 |
| 2022 | 74.70 | 31.9 % | 1.87 | - | 74.70 | 1.87 |
| 2023 | 80.13 | 7.3 % | 2.00 | - | 80.13 | 2.00 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 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 | - | - | - |
| Q1 2019 | - | - | - |
| Q2 2019 | - | - | - |
| Q3 2019 | - | - | - |
| Q4 2019 | - | - | - |
| 2019 | 16.17 % | 14.34 % | 7.72 % |
| Q1 2020 | - | - | - |
| Q2 2020 | - | - | - |
| Q3 2020 | - | - | - |
| Q4 2020 | - | - | - |
| 2020 | 18.89 % | 16.33 % | 9.89 % |
| Q1 2021 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| 2021 | 18.10 % | 15.77 % | 10.92 % |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| 2022 | 16.98 % | 13.87 % | 9.96 % |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| 2023 | 20.95 % | 16.39 % | 11.94 % |
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | - |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | 16.17 % | 14.34 % | 7.72 % |
| 2020 | 18.89 % | 16.33 % | 9.89 % |
| 2021 | 18.10 % | 15.77 % | 10.92 % |
| 2022 | 16.98 % | 13.87 % | 9.96 % |
| 2023 | 20.95 % | 16.39 % | 11.94 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 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 | 17.75 % | - | 11.52 % |
| Q2 2022 | 13.65 % | - | 6.55 % |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| Q1 2023 | 21.29 % | - | 13.55 % |
| Q2 2023 | 20.11 % | - | 9.77 % |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| Q1 2024 | 23.69 % | - | 14.23 % |
| Q2 2024 | 23.02 % | - | 12.66 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 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 | 40.00 | - | - | - |
| Q2 2022 | 40.00 | - | - | 10.22 |
| Q3 2022 | - | - | - | - |
| Q4 2022 | - | - | - | - |
| Q1 2023 | 40.00 | - | - | - |
| Q2 2023 | 40.00 | - | - | 11.01 |
| Q3 2023 | - | - | - | - |
| Q4 2023 | - | - | - | - |
| Q1 2024 | 40.00 | - | - | - |
| Q2 2024 | 40.00 | - | - | 13.14 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2014 | - | - | - | - |
| 2015 | - | - | - | - |
| 2016 | - | - | - | - |
| 2017 | - | - | - | - |
| 2018 | - | - | - | - |
| 2019 | 40.00 | 0.65 | 0.65 | 8.51 |
| 2020 | 40.00 | 0.89 | 0.89 | 6.81 |
| 2021 | 40.00 | 1.42 | 1.42 | 9.81 |
| 2022 | 40.00 | 1.87 | 1.87 | 11.12 |
| 2023 | 40.00 | 2.00 | 2.00 | 12.09 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 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 | - | - | - |
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | 4.38 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | - | - | - |
| 2022 | - | - | - |
| 2023 | - | - | - |
2023
2024
| Period | Forming and selling aluminum | Thermoset powder coating | Aluminum accessories | Overlapping transactions and balances |
|---|
| Period | Forming and selling aluminum | Thermoset powder coating | Aluminum accessories | Overlapping transactions and balances |
|---|---|---|---|---|
| 2021 | 481.33 | 27.87 | 17.00 | (7.65) |
| 2022 | 652.00 | 54.64 | 43.23 | - |
| 2023 | 582.74 | 50.70 | 37.92 | - |
| Current | |
| Market Cap (M Riyal) | 2,216.00 |
| Enterprise Value (EV) (M) | 2,138.61 |
| Shares Outstanding ((M)) | 40.00 |
| EPS ( Riyal) (TTM) | - |
| Book Value (BV) ( Riyal) | 13.14 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | - |
| P/E (TTM) | - |
| Price/book | 4.22 |
| Return on Average Assets (%) (TTM) | - |
| Return on Average Equity (%) (TTM) | - |
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