Financial Results : Raoom’s net profit falls 5% to SAR 24.9 mln in 2021

Raoom’s net profit falls 5% to SAR 24.9 mln in 2021

20/03/2022 Argaam Exclusive

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Raoom Trading Co. reported a net profit after Zakat and tax of SAR 24.9 million in 2021, down 5%, from SAR 26.1 million in the year-earlier period.



Financials (M)

Item 2020 2021 Change‬
Revenues 108.86 110.19 1.2 %
Gross Income 39.36 38.00 (3.5 %)
Operating Income 28.94 27.58 (4.7 %)
Net Income 26.07 24.88 (4.5 %)
Average Shares 6.25 6.25 -
EPS (Riyals) 4.17 3.98 (4.5 %)

The decline was driven by an increase in the cost of revenue.



Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬
Revenues 53.19 54.47 2.4 %
Gross Income 17.28 15.81 (8.5 %)
Operating Income 11.30 10.76 (4.8 %)
Net Income 10.02 9.49 (5.3 %)
Average Shares 6.25 6.25 -
EPS (Riyals) 1.60 1.52 (5.3 %)

Total shareholders' equity, excluding minority rights, reached SAR 95.45 million in 2021, compared to SAR 86.68 million in the year-earlier period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 55.67 - 22.09 - 17.64 -
H2 2020 53.19 - 17.28 - 11.30 -
H1 2021 55.72 0.1 % 22.18 0.4 % 16.82 (4.6 %)
H2 2021 54.47 2.4 % 15.81 (8.5 %) 10.76 (4.8 %)
2021 110.19 1.2 % 38.00 (3.5 %) 27.58 (4.7 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 16.05 - 2.57 - 16.05 2.57
H2 2020 10.02 - 1.60 - 10.02 1.60
H1 2021 15.40 (4.1 %) 2.46 - 15.40 2.46
H2 2021 9.49 (5.3 %) 1.52 - 9.49 1.52
2021 24.88 (4.5 %) 3.98 - 24.88 3.98

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 36.16 % 34.07 % 23.95 %
H1 2021 36.23 % 31.95 % 23.34 %
H2 2021 34.48 % 30.09 % 22.58 %
2021 34.48 % 30.09 % 22.58 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 6.25 - - -
H2 2020 6.25 4.17 4.17 13.87
H1 2021 6.25 4.07 4.07 14.09
H2 2021 6.25 3.98 3.98 15.27

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
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 - - -

Current
Market Cap (M Riyal) 1,117.50
Enterprise Value (EV) (M) 1,037.95
Shares Outstanding ((M)) 6.25
Book Value (BV) ( Riyal) 21.83
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 38.09
Price/book 8.19

Share Price

178.80
3.80 2.17 %

Raoom Trading Co. (RAOOM)


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