Shalfa Facilities Management Co., poised to list on Nomu-Parallel Market, reported SAR 10 million in net profit for H1 2024, an increase of 10% from SAR 9.1 million in the prior-year period.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 119.09 | 151.69 | 27.4 % |
Gross Income | 20.75 | 23.26 | 12.1 % |
Operating Income | 12.36 | 14.01 | 13.4 % |
Net Income | 9.06 | 9.96 | 10.0 % |
Average Shares | 4.20 | 4.20 | - |
EPS (Riyals) | 2.16 | 2.37 | 10.0 % |
The annual profit rise was attributed to a 27% year-on-year (YoY) jump in the six-month topline, coupled with higher other revenues and EBITDA.
This came although the gross profit margin decreased to 15% by the end of the first six months of 2024, compared to 17% for the same period a year ago as the cost of revenues ratio soared YoY to 85%.
Further, the operating profit margin plunged YoY to 9% in H1 2024 as general and administrative expenses inched up on an annual basis. For the same period, the net profit margin also fell YoY to 7% as the company’s financial burdens climbed YoY to SAR 4 million.
Item | H1 2023 | H1 2024 | Change |
---|---|---|---|
Revenues | 119.09 | 151.69 | 27.4 % |
Gross Income | 20.75 | 23.26 | 12.1 % |
Operating Income | 12.36 | 14.01 | 13.4 % |
Net Income | 9.06 | 9.96 | 10.0 % |
Average Shares | 4.20 | 4.20 | - |
EPS (Riyals) | 2.16 | 2.37 | 10.0 % |
Item | H2 2023 | H1 2024 | Change |
---|---|---|---|
Revenues | 141.29 | 151.69 | 7.4 % |
Gross Income | 24.29 | 23.26 | (4.3 %) |
Operating Income | 13.20 | 14.01 | 6.2 % |
Net Income | 12.49 | 9.96 | (20.2 %) |
Average Shares | 4.20 | 4.20 | - |
EPS (Riyals) | 2.97 | 2.37 | (20.2 %) |
Shareholders' equity (no minority interest) amounted to SAR 71.63 million in H1 2024, compared to SAR 57.99 million in the same period a year earlier.
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
H1 2015 | - | - | - | - | - | - |
H2 2015 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
H1 2016 | - | - | - | - | - | - |
H2 2016 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
H1 2017 | - | - | - | - | - | - |
H2 2017 | - | - | - | - | - | - |
2017 | - | - | - | - | - | - |
H1 2018 | - | - | - | - | - | - |
H2 2018 | - | - | - | - | - | - |
2018 | - | - | - | - | - | - |
H1 2019 | - | - | - | - | - | - |
H2 2019 | - | - | - | - | - | - |
2019 | - | - | - | - | - | - |
H1 2020 | - | - | - | - | - | - |
H2 2020 | - | - | - | - | - | - |
2020 | - | - | - | - | - | - |
H1 2021 | - | - | - | - | - | - |
H2 2021 | - | - | - | - | - | - |
2021 | - | - | - | - | - | - |
H1 2022 | - | - | - | - | - | - |
H2 2022 | - | - | - | - | - | - |
2022 | 123.12 | - | 26.22 | - | 13.41 | - |
H1 2023 | 119.09 | - | 20.75 | - | 12.36 | - |
H2 2023 | 141.29 | - | 24.29 | - | 13.20 | - |
2023 | 260.38 | 111.5 % | 45.04 | 71.8 % | 25.55 | 90.6 % |
H1 2024 | 151.69 | 27.4 % | 23.26 | 12.1 % | 14.01 | 13.4 % |
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
2014 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
2017 | - | - | - | - | - | - |
2018 | - | - | - | - | - | - |
2019 | - | - | - | - | - | - |
2020 | - | - | - | - | - | - |
2021 | - | - | - | - | - | - |
2022 | 123.12 | - | 26.22 | - | 13.41 | - |
2023 | 260.38 | 111.5 % | 45.04 | 71.8 % | 25.55 | 90.6 % |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
H1 2015 | - | - | - | - | - | - |
H2 2015 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
H1 2016 | - | - | - | - | - | - |
H2 2016 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
H1 2017 | - | - | - | - | - | - |
H2 2017 | - | - | - | - | - | - |
2017 | - | - | - | - | - | - |
H1 2018 | - | - | - | - | - | - |
H2 2018 | - | - | - | - | - | - |
2018 | - | - | - | - | - | - |
H1 2019 | - | - | - | - | - | - |
H2 2019 | - | - | - | - | - | - |
2019 | - | - | - | - | - | - |
H1 2020 | - | - | - | - | - | - |
H2 2020 | - | - | - | - | - | - |
2020 | - | - | - | - | - | - |
H1 2021 | - | - | - | - | - | - |
H2 2021 | - | - | - | - | - | - |
2021 | - | - | - | - | - | - |
H1 2022 | - | - | - | - | - | - |
H2 2022 | - | - | - | - | - | - |
2022 | 9.52 | - | 2.27 | - | 9.52 | 2.27 |
H1 2023 | 9.06 | - | 2.16 | - | 9.06 | 2.16 |
H2 2023 | 12.49 | - | 2.97 | - | 12.49 | 2.97 |
2023 | 21.54 | 126.3 % | 5.13 | - | 21.54 | 5.13 |
H1 2024 | 9.96 | 10.0 % | 2.37 | - | 9.96 | 2.37 |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
2014 | - | - | - | - | - | - |
2015 | - | - | - | - | - | - |
2016 | - | - | - | - | - | - |
2017 | - | - | - | - | - | - |
2018 | - | - | - | - | - | - |
2019 | - | - | - | - | - | - |
2020 | - | - | - | - | - | - |
2021 | - | - | - | - | - | - |
2022 | 9.52 | - | 2.27 | - | 9.52 | 2.27 |
2023 | 21.54 | 126.3 % | 5.13 | - | 21.54 | 5.13 |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
H1 2015 | - | - | - |
H2 2015 | - | - | - |
2015 | - | - | - |
H1 2016 | - | - | - |
H2 2016 | - | - | - |
2016 | - | - | - |
H1 2017 | - | - | - |
H2 2017 | - | - | - |
2017 | - | - | - |
H1 2018 | - | - | - |
H2 2018 | - | - | - |
2018 | - | - | - |
H1 2019 | - | - | - |
H2 2019 | - | - | - |
2019 | - | - | - |
H1 2020 | - | - | - |
H2 2020 | - | - | - |
2020 | - | - | - |
H1 2021 | - | - | - |
H2 2021 | - | - | - |
2021 | - | - | - |
H1 2022 | - | - | - |
H2 2022 | - | - | - |
2022 | 21.29 % | 14.40 % | 7.73 % |
H1 2023 | - | - | - |
H2 2023 | 17.30 % | 12.13 % | 8.27 % |
2023 | 17.30 % | 12.13 % | 8.27 % |
H1 2024 | 16.23 % | 11.55 % | 7.66 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
2014 | - | - | - |
2015 | - | - | - |
2016 | - | - | - |
2017 | - | - | - |
2018 | - | - | - |
2019 | - | - | - |
2020 | - | - | - |
2021 | - | - | - |
2022 | 21.29 % | 14.40 % | 7.73 % |
2023 | 17.30 % | 12.13 % | 8.27 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
H1 2015 | - | - | - |
H2 2015 | - | - | - |
H1 2016 | - | - | - |
H2 2016 | - | - | - |
H1 2017 | - | - | - |
H2 2017 | - | - | - |
H1 2018 | - | - | - |
H2 2018 | - | - | - |
H1 2019 | - | - | - |
H2 2019 | - | - | - |
H1 2020 | - | - | - |
H2 2020 | - | - | - |
H1 2021 | - | - | - |
H2 2021 | - | - | - |
H1 2022 | - | - | - |
H2 2022 | - | - | - |
H1 2023 | 17.42 % | 12.96 % | 7.60 % |
H2 2023 | 17.19 % | 11.44 % | 8.84 % |
H1 2024 | 15.33 % | 11.65 % | 6.57 % |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
H1 2015 | - | - | - | - |
H2 2015 | - | - | - | - |
H1 2016 | - | - | - | - |
H2 2016 | - | - | - | - |
H1 2017 | - | - | - | - |
H2 2017 | - | - | - | - |
H1 2018 | - | - | - | - |
H2 2018 | - | - | - | - |
H1 2019 | - | - | - | - |
H2 2019 | - | - | - | - |
H1 2020 | - | - | - | - |
H2 2020 | - | - | - | - |
H1 2021 | - | - | - | - |
H2 2021 | - | - | - | - |
H1 2022 | - | - | - | - |
H2 2022 | - | - | - | - |
H1 2023 | 4.20 | - | - | 13.81 |
H2 2023 | 4.20 | 5.13 | 5.13 | 15.16 |
H1 2024 | 4.20 | 5.35 | 5.35 | 17.06 |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
2014 | - | - | - | - |
2015 | - | - | - | - |
2016 | - | - | - | - |
2017 | - | - | - | - |
2018 | - | - | - | - |
2019 | - | - | - | - |
2020 | - | - | - | - |
2021 | - | - | - | - |
2022 | 4.20 | 2.27 | 2.27 | 11.65 |
2023 | 4.20 | 5.13 | 5.13 | 15.16 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
H1 2015 | - | - | - |
H2 2015 | - | - | - |
H1 2016 | - | - | - |
H2 2016 | - | - | - |
H1 2017 | - | - | - |
H2 2017 | - | - | - |
H1 2018 | - | - | - |
H2 2018 | - | - | - |
H1 2019 | - | - | - |
H2 2019 | - | - | - |
H1 2020 | - | - | - |
H2 2020 | - | - | - |
H1 2021 | - | - | - |
H2 2021 | - | - | - |
H1 2022 | - | - | - |
H2 2022 | - | - | - |
H1 2023 | - | - | - |
H2 2023 | - | - | - |
H1 2024 | - | - | - |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
2014 | - | - | - |
2015 | - | - | - |
2016 | - | - | - |
2017 | - | - | - |
2018 | - | - | - |
2019 | - | - | - |
2020 | - | - | - |
2021 | - | - | - |
2022 | - | - | - |
2023 | - | - | - |
Q2 2024
2024
Period | Facilities Management Services | Environmental Services | Rental Income from Investment Property | Project Management Services |
---|---|---|---|---|
Q2 2023 | 100.64 | 18.29 | 0.12 | 0.05 |
Q4 2023 | 127.53 | 13.85 | - | 0.02 |
Q2 2024 | 142.02 | 9.52 | 0.14 | - |
Period | Facilities Management Services | Environmental Services | Rental Income from Investment Property | Project Management Services |
---|---|---|---|---|
2022 | 101.76 | 18.85 | - | 2.51 |
2023 | 228.17 | 32.14 | - | 0.07 |
Current | |
Market Cap (M Riyal) | 420.00 |
Enterprise Value (EV) (M) | 441.41 |
Shares Outstanding ((M)) | 4.20 |
Book Value (BV) ( Riyal) | 15.16 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | 19.50 |
Price/book | 6.60 |
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