Almunajem Foods 9M 2021 profit drops 41% to SAR 120 mln

28/12/2021 Argaam Exclusive

Almunajem Foods Co. posted a net profit after Zakat and tax of SAR 120 million for the first nine months of 2021, a decline of 41% compared with SAR 202 million a year earlier.

Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 1,916.36 1,897.53 (1.0 %)
Gross Income 387.27 326.04 (15.8 %)
Operating Income 199.92 129.76 (35.1 %)
Net Income 201.89 120.11 (40.5 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 3.36 2.00 (40.5 %)

The profit decline was attributed to lower sales, as well as a rise in the cost of sales, administrative and marketing expenses, and Zakat. 

 

This is despite a decline in general expenses and cost of finance.

Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 626.38 654.99 4.6 %
Gross Income 122.27 119.60 (2.2 %)
Operating Income 60.68 55.44 (8.6 %)
Net Income 66.80 52.66 (21.2 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 1.11 0.88 (21.2 %)

Meanwhile, the firm reported a fall of 21.2% in Q3 2021 net profit to SAR 52.66 million, compared with SAR 66.80 million in Q3 2020. 

 

The three-month profit decline is due to a rise in the cost of sales, administrative and marketing expenses, and Zakat.

 

On a sequential basis, Q3 2021 net profit rose 38.6% from SAR 37.99 million in Q2 2021.

View more financial results

 

View other reports

Share Price

Almunajem Foods Co.
67.10
0.60 0.90 %

Almunajem Foods Co. (ALMUNAJEM)

Financial Ratios
Current
Market Cap (M Riyal) 4,026.00
Enterprise Value (EV) (M) 3,811.83
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 4.58
Book Value (BV) ( Riyal) 16.37
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.96
P/E (TTM) 14.66
Price/book 4.10
Return on Average Assets (%) (TTM) 17.9
Return on Average Equity (%) (TTM) 29.1
more

Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS (Riyal)
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
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 202.27 - 60.26 - 50.40 - 0.84
Q2 2017 159.38 - 41.24 - 35.11 - 0.59
Q3 2017 122.10 - 32.73 - 13.88 - 0.23
Q4 2017 156.87 - 31.06 - 7.75 - 0.13
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 687.58 - 138.11 - 75.67 - 1.26
Q2 2020 602.41 - 126.89 - 59.42 - 0.99
Q3 2020 626.38 - 122.27 - 66.80 - 1.11
Q4 2020 622.09 - 100.28 - 27.79 - 0.46
Q1 2021 628.06 (8.7 %) 97.44 (29.5 %) 29.47 (61.1 %) 0.49
Q2 2021 614.48 2.0 % 109.00 (14.1 %) 37.99 (36.1 %) 0.63
Q3 2021 654.99 4.6 % 119.60 (2.2 %) 52.66 (21.2 %) 0.88

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
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 25.80 % 32.36 % 16.73 %
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 19.21 % 10.89 % 8.64 %
Q1 2021 18.03 % 9.36 % 6.99 %
Q2 2021 17.22 % 8.49 % 6.09 %
Q3 2021 16.92 % 7.82 % 5.87 %

Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS Adjusted EPS Book Value (BV)
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
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 60.00 - - 36.02
Q2 2017 60.00 - - 36.58
Q3 2017 60.00 - - 36.82
Q4 2017 60.00 1.79 1.79 36.90
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 60.00 - - -
Q2 2020 60.00 - - -
Q3 2020 60.00 - - -
Q4 2020 60.00 3.83 3.66 10.67
Q1 2021 60.00 3.06 2.89 11.17
Q2 2021 60.00 2.70 2.53 11.80
Q3 2021 60.00 2.47 2.47 12.68

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
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 - - -

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