Maharah’s net profit jumps 18% in 9M 2019
29/10/2019
Argaam Exclusive
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
View other reports
Maharah Human Resources Co. reported a net profit after zakat and tax of SAR 206.1 million for the first nine months of 2019, up 17.7 percent year-on-year (YoY) on higher revenue backed by growth in the corporate and retail segments, as well as increased gross profit.
Financials (M)
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 1,008.80 | 1,126.47 | 11.7 % |
| Gross Income | 222.25 | 272.97 | 22.8 % |
| Operating Income | 174.10 | 218.73 | 25.6 % |
| Net Income | 174.96 | 206.13 | 17.8 % |
| Average Shares | 475.00 | 475.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.37 | 0.43 | 16.8 % |
| EPS (Riyal) | 0.37 | 0.43 | 17.8 % |
The company’s Q3 net profit after zakat and tax rose 15.6 percent YoY to SAR 80.1 million also due to higher revenue and gross profit.
On a sequential basis, net profit climbed 11.2 percent.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 343.90 | 386.37 | 12.3 % |
| Gross Income | 82.49 | 106.27 | 28.8 % |
| Operating Income | 69.59 | 87.11 | 25.2 % |
| Net Income | 69.35 | 80.13 | 15.5 % |
| Average Shares | 475.00 | 475.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.15 | 0.17 | 15.5 % |
| EPS (Riyal) | 0.15 | 0.17 | 15.5 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2019 | 372.88 | 13.9 % | 79.77 | 27.2 % | 60.85 | 41.6 % |
| Q2 2019 | 367.22 | 8.8 % | 86.93 | 12.8 % | 70.77 | 15.0 % |
| Q3 2019 | 386.37 | 12.3 % | 106.27 | 28.8 % | 87.11 | 25.2 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2019 | 54.02 | 12.5 % | 0.11 | - | 54.02 | 0.11 |
| Q2 2019 | 71.99 | 25.0 % | 0.15 | 1.73 | 70.26 | 0.15 |
| Q3 2019 | 80.13 | 15.5 % | 0.17 | - | 80.13 | 0.17 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | 23.49 % | 17.47 % | 17.99 % |
| Q4 2018 | 22.07 % | 17.76 % | 16.44 % |
| 2018 | 22.07 % | 17.76 % | 16.44 % |
| Q1 2019 | 22.57 % | 18.66 % | 16.33 % |
| Q2 2019 | 22.80 % | 19.09 % | 16.88 % |
| Q3 2019 | 23.75 % | 20.01 % | 17.13 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 475.00 | 0.48 | 0.48 | 1.02 |
| Q2 2019 | 475.00 | 0.51 | 0.51 | 1.17 |
| Q3 2019 | 475.00 | 0.53 | 0.53 | 1.12 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2019 | - | - | - |
| Q2 2019 | 13.45 | 13.54 | 5.89 |
| Q3 2019 | 14.80 | 14.90 | 7.05 |
Business Segments (Million)
Q3 2019
| Period | Corporate | Individuals |
|---|---|---|
| Q1 2019 | 268.44 | 104.44 |
| Q2 2019 | 269.67 | 97.55 |
| Q3 2019 | 283.46 | 102.91 |
Analysts Estimates (Million)
| Item | Profit (Expected) | Profit (Actual) | Change |
|---|---|---|---|
| Average | 64.00 | 80.13 |
Estimates vs Actual (Million)
| Item | Profit (Expected) | Profit (Actual) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 64.00 | 80.13 |
| Current | |
| Market Cap (M Riyal) | 2,474.75 |
| Enterprise Value (EV) (M Riyal) | 2,990.51 |
| Shares Outstanding ((M)) | 475.00 |
| EPS ( Riyal) (TTM) | 0.17 |
| Book Value (BV) ( Riyal) | 1.36 |
| Par Value ( Riyal) | 1.00 |
| Recurring P/E | 33.60 |
| P/E (TTM) | 31.54 |
| Price/book | 3.84 |
| Return on Average Assets (%) (TTM) | 4.1 |
| Return on Average Equity (%) (TTM) | 12.3 |
| EV/adj EBITDA | 17.82 |
| EV/Revenues | 1.13 |
Share Price
Maharah Human Resources Co. (MAHARAH)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Comments Analysis: