Budget Saudi 2024 profit rises 12% to SAR 311.7M; Q4 at SAR 100.1M

17/03/2025 Argaam Exclusive

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United International Transportation Co. (Budget Saudi) reported a net profit before minority interest of SAR 311.7 million for 2024, a 12% hike from SAR 277.2 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	1,378.14	1,971.10	43.0 %
Gross Income	446.64	555.70	24.4 %
Operating Income	287.07	335.78	17.0 %
Net Income	277.23	314.64	13.5 %
Average Shares	71.17	74.67	4.9 %
Earnings Per Share before unusual items (Riyals)	3.90	4.21	8.2 %
EPS (Riyal)	3.90	4.21	8.2 %

Revenue rose year-on-year (YoY) as long-term and short-term rental fleet grew. Additionally, five-month lease earnings from AutoWorld alongside the full-year revenue from Overseas Development Co. (70% owned by the group) further bolstered the company’s performance.

Meanwhile, there was an improvement in operating rates for both short-term and long-term rentals, along with the expansion of the fleet size.

The acquisition of AutoWorld, which focuses on long-term rentals, also contributed to the increase in profits during the last five months of the year. Furthermore, the operational integration and the benefits derived from the synergies post-acquisition led to improved fleet utilization and a continuous increase in profitability.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	369.81	623.34	68.6 %
Gross Income	119.08	150.42	26.3 %
Operating Income	66.97	110.79	65.4 %
Net Income	66.13	102.01	54.3 %
Average Shares	71.17	74.67	4.9 %
Earnings Per Share before unusual items (Riyal)	0.93	1.37	47.0 %
EPS (Riyal)	0.93	1.37	47.0 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	505.82	623.34	23.2 %
Gross Income	156.57	150.42	(3.9 %)
Operating Income	83.17	110.79	33.2 %
Net Income	71.70	102.01	42.3 %
Average Shares	74.67	74.67	-
Earnings Per Share before unusual items (Riyal)	0.96	1.37	42.3 %
EPS (Riyal)	0.96	1.37	42.3 %

In Q4 2024, net profit stood at SAR 100.1 million, up 51% from SAR 66.1 million a year earlier.

On a quarterly basis, net profit grew 39.6% from SAR 71.7 million in Q3 2024.

Total shareholders’ equity, excluding minority interest, rose to SAR 2.7 billion by Dec. 31, 2024, compared to SAR 1.9 billion a year ago.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	208.71	17.3 %	33.45	13.1 %	16.65	30.2 %
Q2 2015	217.16	14.2 %	34.03	9.1 %	15.78	15.6 %
Q3 2015	221.67	16.7 %	36.61	35.2 %	18.49	64.4 %
Q4 2015	228.03	14.6 %	36.42	17.0 %	13.79	(7.9 %)
2015	875.57	15.6 %	140.50	18.1 %	64.71	22.8 %
Q1 2016	300.32	43.9 %	73.91	121.0 %	55.70	234.5 %
Q2 2016	296.04	36.3 %	69.79	105.1 %	49.11	211.2 %
Q3 2016	297.13	34.0 %	68.31	86.6 %	47.03	154.4 %
Q4 2016	289.03	26.7 %	67.03	84.1 %	41.43	200.4 %
2016	1,182.51	35.1 %	279.05	98.6 %	193.27	198.7 %
Q1 2017	298.91	(0.5 %)	66.05	(10.6 %)	46.70	(16.2 %)
Q2 2017	281.42	(4.9 %)	63.91	(8.4 %)	44.23	(9.9 %)
Q3 2017	282.99	(4.8 %)	64.84	(5.1 %)	45.52	(3.2 %)
Q4 2017	309.84	7.2 %	67.81	1.2 %	41.55	0.3 %
2017	1,173.16	(0.8 %)	262.60	(5.9 %)	178.00	(7.9 %)
Q1 2018	270.23	(9.6 %)	64.89	(1.8 %)	42.59	(8.8 %)
Q2 2018	250.68	(10.9 %)	63.75	(0.2 %)	42.66	(3.5 %)
Q3 2018	261.97	(7.4 %)	71.19	9.8 %	46.51	2.2 %
Q4 2018	258.09	(16.7 %)	75.26	11.0 %	47.03	13.2 %
2018	1,040.97	(11.3 %)	275.08	4.8 %	178.78	0.4 %
Q1 2019	259.41	(4.0 %)	71.54	10.3 %	43.40	1.9 %
Q2 2019	254.47	1.5 %	73.68	15.6 %	45.87	7.5 %
Q3 2019	255.64	(2.4 %)	77.21	8.5 %	48.63	4.6 %
Q4 2019	273.97	6.2 %	74.93	(0.4 %)	49.74	5.8 %
2019	1,043.49	0.2 %	297.36	8.1 %	187.63	4.9 %
Q1 2020	276.67	6.7 %	81.70	14.2 %	47.53	9.5 %
Q2 2020	187.66	(26.3 %)	45.80	(37.8 %)	23.79	(48.1 %)
Q3 2020	227.65	(10.9 %)	64.65	(16.3 %)	41.04	(15.6 %)
Q4 2020	272.87	(0.4 %)	108.41	44.7 %	84.42	69.7 %
2020	964.86	(7.5 %)	300.57	1.1 %	196.78	4.9 %
Q1 2021	237.03	(14.3 %)	73.39	(10.2 %)	45.51	(4.2 %)
Q2 2021	232.38	23.8 %	91.66	100.1 %	66.66	180.2 %
Q3 2021	250.83	10.2 %	82.14	27.0 %	47.98	16.9 %
Q4 2021	267.90	(1.8 %)	86.33	(20.4 %)	49.83	(41.0 %)
2021	988.13	2.4 %	333.52	11.0 %	209.98	6.7 %
Q1 2022	248.30	4.8 %	86.88	18.4 %	57.45	26.2 %
Q2 2022	231.25	(0.5 %)	91.57	(0.1 %)	61.55	(7.7 %)
Q3 2022	295.40	17.8 %	94.14	14.6 %	62.03	29.3 %
Q4 2022	250.22	(6.6 %)	85.77	(0.6 %)	55.84	12.0 %
2022	1,025.16	3.7 %	358.35	7.4 %	236.87	12.8 %
Q1 2023	298.71	20.3 %	104.01	19.7 %	70.45	22.6 %
Q2 2023	340.55	47.3 %	112.94	23.3 %	76.57	24.4 %
Q3 2023	369.07	24.9 %	110.61	17.5 %	73.09	17.8 %
Q4 2023	369.81	47.8 %	119.08	38.8 %	66.97	19.9 %
2023	1,378.14	34.4 %	446.64	24.6 %	287.07	21.2 %
Q1 2024	416.87	39.6 %	129.02	24.0 %	71.03	0.8 %
Q2 2024	425.07	24.8 %	119.69	6.0 %	70.80	(7.5 %)
Q3 2024	505.82	37.1 %	156.57	41.6 %	83.17	13.8 %
Q4 2024	623.34	68.6 %	150.42	26.3 %	110.79	65.4 %
2024	1,971.10	43.0 %	555.70	24.4 %	335.78	17.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	875.57	15.6 %	140.50	18.1 %	64.71	22.8 %
2016	1,182.51	35.1 %	279.05	98.6 %	193.27	198.7 %
2017	1,173.16	(0.8 %)	262.60	(5.9 %)	178.00	(7.9 %)
2018	1,040.97	(11.3 %)	275.08	4.8 %	178.78	0.4 %
2019	1,043.49	0.2 %	297.36	8.1 %	187.63	4.9 %
2020	964.86	(7.5 %)	300.57	1.1 %	196.78	4.9 %
2021	988.13	2.4 %	333.52	11.0 %	209.98	6.7 %
2022	1,025.16	3.7 %	358.35	7.4 %	236.87	12.8 %
2023	1,378.14	34.4 %	446.64	24.6 %	287.07	21.2 %
2024	1,971.10	43.0 %	555.70	24.4 %	335.78	17.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2015	44.80	12.3 %	0.63	-	44.80	0.63
Q2 2015	45.62	8.0 %	0.64	-	45.62	0.64
Q3 2015	48.73	10.2 %	0.68	-	48.73	0.68
Q4 2015	49.62	11.0 %	0.70	-	49.62	0.70
2015	188.77	10.4 %	2.65	-	188.77	2.65
Q1 2016	48.80	8.9 %	0.69	(6.62)	55.42	0.78
Q2 2016	46.20	1.3 %	0.65	-	46.20	0.65
Q3 2016	42.92	(11.9 %)	0.60	-	42.92	0.60
Q4 2016	32.21	(35.1 %)	0.45	-	32.21	0.45
2016	170.14	(9.9 %)	2.39	(6.62)	176.75	2.48
Q1 2017	42.48	(13.0 %)	0.60	-	42.48	0.60
Q2 2017	42.66	(7.7 %)	0.60	-	42.66	0.60
Q3 2017	42.81	(0.3 %)	0.60	-	42.81	0.60
Q4 2017	21.57	(33.0 %)	0.30	(14.95)	36.52	0.51
2017	149.51	(12.1 %)	2.10	(14.95)	164.46	2.31
Q1 2018	39.59	(6.8 %)	0.56	-	39.59	0.56
Q2 2018	40.83	(4.3 %)	0.57	-	40.83	0.57
Q3 2018	43.11	0.7 %	0.61	-	43.11	0.61
Q4 2018	46.45	115.3 %	0.65	-	46.45	0.65
2018	169.99	13.7 %	2.39	-	169.99	2.39
Q1 2019	41.60	5.1 %	0.58	-	41.60	0.58
Q2 2019	43.48	6.5 %	0.61	-	43.48	0.61
Q3 2019	45.24	4.9 %	0.64	-	45.24	0.64
Q4 2019	48.30	4.0 %	0.68	-	48.30	0.68
2019	178.62	5.1 %	2.51	-	178.62	2.51
Q1 2020	45.46	9.3 %	0.64	-	45.46	0.64
Q2 2020	22.58	(48.1 %)	0.32	-	22.58	0.32
Q3 2020	40.45	(10.6 %)	0.57	-	40.45	0.57
Q4 2020	93.96	94.5 %	1.32	-	93.96	1.32
2020	202.45	13.3 %	2.84	-	202.45	2.84
Q1 2021	48.32	6.3 %	0.68	-	48.32	0.68
Q2 2021	69.16	206.3 %	0.97	-	69.16	0.97
Q3 2021	50.12	23.9 %	0.70	-	50.12	0.70
Q4 2021	52.32	(44.3 %)	0.74	-	52.32	0.74
2021	219.91	8.6 %	3.09	-	219.91	3.09
Q1 2022	60.27	24.7 %	0.85	-	60.27	0.85
Q2 2022	62.48	(9.7 %)	0.88	-	62.48	0.88
Q3 2022	64.17	28.0 %	0.90	-	64.17	0.90
Q4 2022	65.09	24.4 %	0.91	-	65.09	0.91
2022	252.01	14.6 %	3.54	-	252.01	3.54
Q1 2023	69.32	15.0 %	0.97	-	69.32	0.97
Q2 2023	70.28	12.5 %	0.99	-	70.28	0.99
Q3 2023	71.50	11.4 %	1.00	-	71.50	1.00
Q4 2023	66.13	1.6 %	0.93	-	66.13	0.93
2023	277.23	10.0 %	3.90	-	277.23	3.90
Q1 2024	70.06	1.1 %	0.94	-	70.06	0.94
Q2 2024	70.87	0.8 %	0.95	-	70.87	0.95
Q3 2024	71.70	0.3 %	0.96	-	71.70	0.96
Q4 2024	102.01	54.3 %	1.37	-	102.01	1.37
2024	314.64	13.5 %	4.21	-	314.64	4.21

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2015	188.77	10.4 %	2.65	-	188.77	2.65
2016	170.14	(9.9 %)	2.39	(6.62)	176.75	2.48
2017	149.51	(12.1 %)	2.10	(14.95)	164.46	2.31
2018	169.99	13.7 %	2.39	-	169.99	2.39
2019	178.62	5.1 %	2.51	-	178.62	2.51
2020	202.45	13.3 %	2.84	-	202.45	2.84
2021	219.91	8.6 %	3.09	-	219.91	3.09
2022	252.01	14.6 %	3.54	-	252.01	3.54
2023	277.23	10.0 %	3.90	-	277.23	3.90
2024	314.64	13.5 %	4.21	-	314.64	4.21

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	15.59 %	66.36 %	22.34 %
Q2 2015	15.42 %	67.66 %	22.01 %
Q3 2015	15.97 %	70.66 %	21.72 %
Q4 2015	16.05 %	65.94 %	21.56 %
2015	16.05 %	65.94 %	21.56 %
Q1 2016	18.71 %	64.49 %	20.62 %
Q2 2016	20.72 %	61.96 %	19.12 %
Q3 2016	22.15 %	59.33 %	17.31 %
Q4 2016	23.60 %	60.38 %	14.95 %
2016	23.60 %	60.38 %	14.95 %
Q1 2017	22.96 %	59.25 %	13.87 %
Q2 2017	22.74 %	58.78 %	13.74 %
Q3 2017	22.72 %	58.14 %	13.90 %
Q4 2017	22.38 %	56.33 %	14.02 %
2017	22.38 %	56.33 %	14.02 %
Q1 2018	22.84 %	56.58 %	14.12 %
Q2 2018	23.46 %	57.34 %	14.34 %
Q3 2018	24.49 %	58.08 %	14.65 %
Q4 2018	26.43 %	60.78 %	16.33 %
2018	26.43 %	60.78 %	16.33 %
Q1 2019	27.35 %	61.54 %	16.70 %
Q2 2019	28.21 %	61.64 %	16.89 %
Q3 2019	28.97 %	62.25 %	17.20 %
Q4 2019	28.50 %	62.13 %	17.12 %
2019	28.50 %	62.13 %	17.12 %
Q1 2020	28.99 %	61.74 %	17.20 %
Q2 2020	28.13 %	62.83 %	16.26 %
Q3 2020	27.65 %	62.86 %	16.23 %
Q4 2020	31.15 %	-	20.98 %
2020	31.15 %	49.01 %	20.98 %
Q1 2021	31.59 %	-	22.19 %
Q2 2021	34.86 %	-	25.97 %
Q3 2021	35.81 %	-	26.34 %
Q4 2021	33.75 %	43.91 %	22.26 %
2021	33.75 %	43.91 %	22.26 %
Q1 2022	34.72 %	44.41 %	23.20 %
Q2 2022	34.75 %	44.24 %	22.56 %
Q3 2022	34.42 %	45.98 %	22.94 %
Q4 2022	34.96 %	48.81 %	24.58 %
2022	34.96 %	48.81 %	24.58 %
Q1 2023	34.91 %	49.14 %	24.27 %
Q2 2023	33.49 %	48.35 %	22.69 %
Q3 2023	32.84 %	46.72 %	21.95 %
Q4 2023	32.41 %	44.08 %	20.12 %
2023	32.41 %	44.08 %	20.12 %
Q1 2024	31.52 %	41.75 %	18.58 %
Q2 2024	30.26 %	39.87 %	17.62 %
Q3 2024	30.53 %	38.60 %	16.23 %
Q4 2024	28.19 %	38.71 %	15.96 %
2024	28.19 %	38.71 %	15.96 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	16.05 %	65.94 %	21.56 %
2016	23.60 %	60.38 %	14.95 %
2017	22.38 %	56.33 %	14.02 %
2018	26.43 %	60.78 %	16.33 %
2019	28.50 %	62.13 %	17.12 %
2020	31.15 %	49.01 %	20.98 %
2021	33.75 %	43.91 %	22.26 %
2022	34.96 %	48.81 %	24.58 %
2023	32.41 %	44.08 %	20.12 %
2024	28.19 %	38.71 %	15.96 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	16.03 %	66.49 %	21.46 %
Q2 2015	15.67 %	70.37 %	21.01 %
Q3 2015	16.52 %	72.76 %	21.98 %
Q4 2015	15.97 %	54.60 %	21.76 %
Q1 2016	24.61 %	61.63 %	18.45 %
Q2 2016	23.58 %	59.89 %	15.61 %
Q3 2016	22.99 %	60.09 %	14.45 %
Q4 2016	23.19 %	59.86 %	11.14 %
Q1 2017	22.10 %	57.19 %	14.21 %
Q2 2017	22.71 %	57.96 %	15.16 %
Q3 2017	22.91 %	57.58 %	15.13 %
Q4 2017	21.88 %	52.88 %	11.79 %
Q1 2018	24.01 %	58.33 %	14.65 %
Q2 2018	25.43 %	61.53 %	16.29 %
Q3 2018	27.18 %	60.67 %	16.46 %
Q4 2018	29.16 %	62.71 %	18.00 %
Q1 2019	27.58 %	61.24 %	16.04 %
Q2 2019	28.96 %	61.95 %	17.09 %
Q3 2019	30.20 %	63.12 %	17.70 %
Q4 2019	27.35 %	62.22 %	17.63 %
Q1 2020	29.53 %	59.81 %	16.43 %
Q2 2020	24.41 %	67.78 %	12.03 %
Q3 2020	28.40 %	63.28 %	17.77 %
Q4 2020	39.73 %	-	34.43 %
Q1 2021	30.96 %	43.73 %	20.39 %
Q2 2021	39.45 %	49.14 %	29.76 %
Q3 2021	32.75 %	41.39 %	19.98 %
Q4 2021	32.22 %	41.89 %	19.53 %
Q1 2022	34.99 %	45.76 %	24.27 %
Q2 2022	39.60 %	48.45 %	27.02 %
Q3 2022	31.87 %	47.94 %	21.72 %
Q4 2022	34.28 %	53.21 %	26.01 %
Q1 2023	34.82 %	47.43 %	23.21 %
Q2 2023	33.16 %	45.93 %	20.64 %
Q3 2023	29.97 %	42.48 %	19.37 %
Q4 2023	32.20 %	41.27 %	17.88 %
Q1 2024	30.95 %	38.12 %	16.80 %
Q2 2024	28.16 %	38.11 %	16.67 %
Q3 2024	30.95 %	37.44 %	14.17 %
Q4 2024	24.13 %	40.52 %	16.36 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2015	71.17	2.47	2.47	11.67
Q2 2015	71.17	2.52	2.52	11.34
Q3 2015	71.17	2.58	2.58	12.01
Q4 2015	71.17	2.65	2.65	12.67
Q1 2016	71.17	2.71	2.80	13.35
Q2 2016	71.17	2.72	2.81	12.93
Q3 2016	71.17	2.64	2.73	13.53
Q4 2016	71.17	2.39	2.48	13.99
Q1 2017	71.17	2.30	2.30	14.58
Q2 2017	71.17	2.25	2.25	14.11
Q3 2017	71.17	2.25	2.25	14.71
Q4 2017	71.17	2.10	2.31	15.04
Q1 2018	71.17	2.06	2.27	15.60
Q2 2018	71.17	2.03	2.24	14.67
Q3 2018	71.17	2.04	2.25	15.28
Q4 2018	71.17	2.39	2.39	15.83
Q1 2019	71.17	2.42	2.42	16.41
Q2 2019	71.17	2.45	2.45	15.52
Q3 2019	71.17	2.48	2.48	16.16
Q4 2019	71.17	2.51	2.51	16.30
Q1 2020	71.17	2.56	2.56	16.93
Q2 2020	71.17	2.27	2.27	16.75
Q3 2020	71.17	2.20	2.20	16.82
Q4 2020	71.17	2.84	2.84	21.29
Q1 2021	71.17	2.88	2.88	21.97
Q2 2021	71.17	3.54	3.54	21.69
Q3 2021	71.17	3.68	3.68	21.79
Q4 2021	71.17	3.09	3.09	22.46
Q1 2022	71.17	3.26	3.26	23.31
Q2 2022	71.17	3.16	3.16	22.89
Q3 2022	71.17	3.36	3.36	23.29
Q4 2022	71.17	3.54	3.54	24.23
Q1 2023	71.17	3.67	3.67	25.21
Q2 2023	71.17	3.78	3.78	24.69
Q3 2023	71.17	3.88	3.88	25.20
Q4 2023	71.17	3.90	3.90	26.14
Q1 2024	74.67	3.72	3.72	27.13
Q2 2024	74.67	3.73	3.73	27.12
Q3 2024	74.67	3.73	3.73	33.15
Q4 2024	74.67	4.21	4.21	34.51

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	71.17	2.65	2.65	12.67
2016	71.17	2.39	2.48	13.99
2017	71.17	2.10	2.31	15.04
2018	71.17	2.39	2.39	15.83
2019	71.17	2.51	2.51	16.30
2020	71.17	2.84	2.84	21.29
2021	71.17	3.09	3.09	22.46
2022	71.17	3.54	3.54	24.23
2023	71.17	3.90	3.90	26.14
2024	74.67	4.21	4.21	34.51

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2015	17.63	17.63	3.73
Q2 2015	18.31	18.31	4.07
Q3 2015	13.76	13.76	2.96
Q4 2015	12.74	12.74	2.67
Q1 2016	10.80	10.44	2.19
Q2 2016	11.99	11.59	2.52
Q3 2016	9.64	9.31	1.88
Q4 2016	13.28	12.78	2.27
Q1 2017	11.82	11.82	1.86
Q2 2017	10.05	10.05	1.60
Q3 2017	11.42	11.42	1.75
Q4 2017	14.22	12.93	1.99
Q1 2018	20.21	18.34	2.67
Q2 2018	19.25	17.44	2.67
Q3 2018	14.71	13.33	1.96
Q4 2018	12.12	12.12	1.83
Q1 2019	14.75	14.75	2.17
Q2 2019	14.68	14.68	2.32
Q3 2019	15.57	15.57	2.39
Q4 2019	15.97	15.97	2.46
Q1 2020	11.70	11.70	1.77
Q2 2020	14.76	14.76	2.00
Q3 2020	16.95	16.95	2.22
Q4 2020	14.67	14.67	1.96
Q1 2021	16.71	16.71	2.20
Q2 2021	14.00	14.00	2.28
Q3 2021	14.84	14.84	2.50
Q4 2021	16.55	16.55	2.28
Q1 2022	17.43	17.43	2.44
Q2 2022	15.62	15.62	2.16
Q3 2022	14.38	14.38	2.08
Q4 2022	14.16	14.16	2.07
Q1 2023	17.43	17.43	2.54
Q2 2023	21.34	21.34	3.26
Q3 2023	19.50	19.50	3.00
Q4 2023	22.28	22.28	3.32
Q1 2024	24.41	24.41	3.51
Q2 2024	23.99	23.99	3.46
Q3 2024	24.45	24.45	2.63
Q4 2024	20.35	20.35	2.37

Period	P/E	Recurring P/E	Price/book
2015	12.74	12.74	2.67
2016	13.28	12.78	2.27
2017	14.22	12.93	1.99
2018	12.12	12.12	1.83
2019	15.97	15.97	2.46
2020	14.67	14.67	1.96
2021	16.55	16.55	2.28
2022	14.16	14.16	2.07
2023	22.28	22.28	3.32
2024	20.35	20.35	2.37

Business Segments (Million)

Compared With The

Period	Leasing sector.	Rental sector	Used car sales	Freight forwarding
Q1 2015	116.78	91.91	-	-
Q2 2015	123.45	93.73	-	-
Q3 2015	126.59	95.08	-	-
Q4 2015	128.02	100.01	-	-
Q1 2016	130.49	88.19	81.64	-
Q2 2016	135.88	81.70	78.46	-
Q3 2016	139.04	77.08	81.01	-
Q4 2016	141.22	74.31	73.50	-
Q1 2017	140.53	63.24	95.13	-
Q2 2017	139.06	56.04	86.31	-
Q3 2017	141.47	62.32	79.20	-
Q4 2017	134.84	67.55	107.46	-
Q1 2018	139.47	52.66	78.10	-
Q2 2018	139.89	53.90	56.90	-
Q3 2018	135.38	56.66	69.93	-
Q4 2018	131.83	67.89	58.37	-
Q1 2019	131.48	65.44	62.50	-
Q2 2019	126.90	65.28	62.29	-
Q3 2019	137.10	57.67	60.87	-
Q4 2019	113.92	85.09	74.97	-
Q1 2020	124.13	66.66	85.89	-
Q2 2020	125.51	26.95	35.21	-
Q3 2020	122.30	42.29	63.07	-
Q1 2021	114.72	42.30	80.00	-
Q2 2021	115.50	41.72	75.15	-
Q3 2021	112.76	47.32	90.76	-
Q4 2021	112.98	58.98	95.94	-
Q1 2022	117.12	57.47	73.71	-
Q2 2022	121.55	57.48	52.22	-
Q3 2022	123.90	72.59	98.91	-
Q4 2022	133.61	72.52	44.10	-
Q1 2023	137.79	84.08	76.84	-
Q2 2023	142.00	85.40	113.15	-
Q3 2023	149.30	102.17	117.60	-
Q4 2023	152.60	109.35	103.88	-
Q1 2024	163.73	106.29	128.59	18.27
Q2 2024	168.54	105.83	123.13	12.94
Q3 2024	235.76	99.22	126.26	44.59
Q4 2024	265.62	121.66	196.84	39.21

Period	Leasing sector.	Rental sector	Used car sales	Freight forwarding
2015	494.84	380.73	-	-
2016	546.62	321.28	314.61	-
2017	555.90	249.15	368.10	-
2018	546.56	231.11	263.30	-
2019	509.40	273.47	260.63	-
2020	486.46	171.85	306.55	-
2021	455.96	190.32	341.85	-
2022	496.17	260.06	268.93	-
2023	581.68	381.01	411.47	3.98
2024	833.64	433.01	574.81	129.64

Analysts Estimates (Million)

Item	Profit (Expected)	Profit (Actual)	Change
Average	77.68	102.01

Estimates vs Actual (Million)

Item	Profit (Expected)	Profit (Actual)
GIB Capital	84.00	102.01
SNB Capital	81.80	102.01
Al Rajhi Capital	80.00	102.01
Riyad Capital	78.00	102.01
AlJazira Capital	78.00	102.01
OSOOL AND BAKHEET	73.94	102.01
United Securities Company	68.00	102.01

Financial Ratios

	Current
Market Cap (M Riyal)	5,202.22
Enterprise Value (EV) (M Riyal)	6,714.28
Shares Outstanding ((M))	78.17
EPS ( Riyal) (TTM)	4.38
Book Value (BV) ( Riyal)	35.66
Par Value ( Riyal)	10.00
Recurring P/E	15.21
P/E (TTM)	15.21
Price/book	1.87
Return on Average Assets (%) (TTM)	8.3
Return on Average Equity (%) (TTM)	14.5
EV/adj EBITDA	7.43
EV/Revenues	3.03

United International Transportation Co. (BUDGET SAUDI)

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Budget Saudi 2024 profit rises 12% to SAR 311.7M; Q4 at SAR 100.1M

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

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Estimates Accuracy

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United International Transportation Co. (BUDGET SAUDI)

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Budget Saudi 2024 profit rises 12% to SAR 311.7M; Q4 at SAR 100.1M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United International Transportation Co. (BUDGET SAUDI)

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Business Segments (Million)