Almunajem Foods Co. reported a net profit of SAR 81.9 million for Q1 2023, a fall of 16% from SAR 97.6 million in the prior-year period.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 788.01 | 901.96 | 14.5 % |
| Gross Income | 172.53 | 155.71 | (9.7 %) |
| Operating Income | 101.18 | 88.50 | (12.5 %) |
| Net Income | 97.56 | 81.88 | (16.1 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 1.63 | 1.36 | (16.1 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 747.84 | 901.96 | 20.6 % |
| Gross Income | 90.99 | 155.71 | 71.1 % |
| Operating Income | 23.88 | 88.50 | 270.6 % |
| Net Income | 16.90 | 81.88 | 384.6 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.28 | 1.36 | 384.6 % |
The profit decline was attributed to a decrease in gross profit by 9.7% year-on-year (YoY) to SAR 155.7 million, as well as an increase in total operating expenses by 3.7% YoY to SAR 74 million.
This was despite a rise in revenue by 14.5% YoY to SAR 902 million and an increase in sales volume.
On a sequential basis, Q1 2023 net profit soared from SAR 16.9 million.
Total shareholders' equity, no minority interest, at the end of the period amounted to SAR 982.4 million, compared to SAR 902.3 million in Q1 2022.
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2014 | - | - | - | - | - | - | - |
| Q2 2014 | - | - | - | - | - | - | - |
| Q3 2014 | - | - | - | - | - | - | - |
| Q4 2014 | - | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - | - |
| Q1 2015 | - | - | - | - | - | - | - |
| Q2 2015 | - | - | - | - | - | - | - |
| Q3 2015 | - | - | - | - | - | - | - |
| Q4 2015 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| Q1 2016 | - | - | - | - | - | - | - |
| Q2 2016 | - | - | - | - | - | - | - |
| Q3 2016 | - | - | - | - | - | - | - |
| Q4 2016 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| Q1 2017 | - | - | - | - | - | - | - |
| Q2 2017 | - | - | - | - | - | - | - |
| Q3 2017 | - | - | - | - | - | - | - |
| Q4 2017 | - | - | - | - | - | - | - |
| 2017 | 2,482.24 | - | 383.93 | - | 163.25 | - | 2.72 |
| Q1 2018 | - | - | - | - | - | - | - |
| Q2 2018 | - | - | - | - | - | - | - |
| Q3 2018 | - | - | - | - | - | - | - |
| Q4 2018 | - | - | - | - | - | - | - |
| 2018 | 2,497.35 | 0.6 % | 411.87 | 7.3 % | 149.48 | (8.4 %) | 2.49 |
| Q1 2019 | - | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - | - |
| 2019 | 2,419.06 | (3.1 %) | 334.65 | (18.7 %) | 109.17 | (27.0 %) | 1.82 |
| 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 |
| 2020 | 2,538.45 | 4.9 % | 487.55 | 45.7 % | 229.68 | 110.4 % | 3.83 |
| 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 |
| Q4 2021 | 679.50 | 9.2 % | 115.34 | 15.0 % | 45.98 | 65.5 % | 0.77 |
| 2021 | 2,577.02 | 1.5 % | 441.37 | (9.5 %) | 166.09 | (27.7 %) | 2.77 |
| Q1 2022 | 788.01 | 25.5 % | 172.53 | 77.1 % | 97.56 | 231.1 % | 1.63 |
| Q2 2022 | 712.48 | 15.9 % | 195.96 | 79.8 % | 122.12 | 221.5 % | 2.04 |
| Q3 2022 | 730.20 | 11.5 % | 123.78 | 3.5 % | 53.62 | 1.8 % | 0.89 |
| Q4 2022 | 747.84 | 10.1 % | 90.99 | (21.1 %) | 16.90 | (63.2 %) | 0.28 |
| 2022 | 2,978.52 | 15.6 % | 583.26 | 32.1 % | 290.20 | 74.7 % | 4.84 |
| Q1 2023 | 901.96 | 14.5 % | 155.71 | (9.7 %) | 81.88 | (16.1 %) | 1.36 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2013 | - | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| 2017 | 2,482.24 | - | 383.93 | - | 163.25 | - | 2.72 |
| 2018 | 2,497.35 | 0.6 % | 411.87 | 7.3 % | 149.48 | (8.4 %) | 2.49 |
| 2019 | 2,419.06 | (3.1 %) | 334.65 | (18.7 %) | 109.17 | (27.0 %) | 1.82 |
| 2020 | 2,538.45 | 4.9 % | 487.55 | 45.7 % | 229.68 | 110.4 % | 3.83 |
| 2021 | 2,577.02 | 1.5 % | 441.37 | (9.5 %) | 166.09 | (27.7 %) | 2.77 |
| 2022 | 2,978.52 | 15.6 % | 583.26 | 32.1 % | 290.20 | 74.7 % | 4.84 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | - | - | - |
| 2014 | - | - | - |
| Q1 2015 | - | - | - |
| Q2 2015 | - | - | - |
| Q3 2015 | - | - | - |
| Q4 2015 | - | - | - |
| 2015 | - | - | - |
| Q1 2016 | - | - | - |
| Q2 2016 | - | - | - |
| Q3 2016 | - | - | - |
| Q4 2016 | - | - | - |
| 2016 | - | - | - |
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | - | - | - |
| 2017 | 15.47 % | 7.62 % | 6.58 % |
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Q4 2018 | - | - | - |
| 2018 | 16.49 % | 8.49 % | 6.93 % |
| Q1 2019 | - | - | - |
| Q2 2019 | - | - | - |
| Q3 2019 | - | - | - |
| Q4 2019 | - | - | - |
| 2019 | 13.83 % | 5.71 % | 4.00 % |
| Q1 2020 | - | - | - |
| Q2 2020 | - | - | - |
| Q3 2020 | - | - | - |
| Q4 2020 | 19.21 % | 10.55 % | 8.64 % |
| 2020 | 19.21 % | 10.55 % | 8.64 % |
| Q1 2021 | 18.03 % | 9.02 % | 6.99 % |
| Q2 2021 | 17.22 % | 8.14 % | 6.09 % |
| Q3 2021 | 16.92 % | 7.82 % | 5.87 % |
| Q4 2021 | 17.13 % | 8.34 % | 6.45 % |
| 2021 | 17.13 % | 8.34 % | 6.45 % |
| Q1 2022 | 18.87 % | 10.35 % | 8.56 % |
| Q2 2022 | 21.28 % | 12.86 % | 11.23 % |
| Q3 2022 | 20.88 % | 12.56 % | 10.97 % |
| Q4 2022 | 19.58 % | 11.45 % | 9.74 % |
| 2022 | 19.58 % | 11.45 % | 9.74 % |
| Q1 2023 | 18.32 % | 10.59 % | 8.70 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | 15.47 % | 7.62 % | 6.58 % |
| 2018 | 16.49 % | 8.49 % | 6.93 % |
| 2019 | 13.83 % | 5.71 % | 4.00 % |
| 2020 | 19.21 % | 10.55 % | 8.64 % |
| 2021 | 17.13 % | 8.34 % | 6.45 % |
| 2022 | 19.58 % | 11.45 % | 9.74 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 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 | 20.09 % | 12.60 % | 11.00 % |
| Q2 2020 | 21.06 % | 11.76 % | 9.86 % |
| Q3 2020 | 19.52 % | 11.21 % | 9.03 % |
| Q4 2020 | 16.12 % | 6.46 % | 4.47 % |
| Q1 2021 | 15.51 % | 6.73 % | 4.69 % |
| Q2 2021 | 17.74 % | 8.17 % | 6.18 % |
| Q3 2021 | 18.26 % | 9.81 % | 8.04 % |
| Q4 2021 | 16.97 % | 8.57 % | 6.77 % |
| Q1 2022 | 21.89 % | 14.04 % | 12.38 % |
| Q2 2022 | 27.50 % | 18.45 % | 17.14 % |
| Q3 2022 | 16.95 % | 8.91 % | 7.34 % |
| Q4 2022 | 12.17 % | 4.53 % | 2.26 % |
| Q1 2023 | 17.26 % | 10.76 % | 8.47 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 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 | 60.00 | - | - | 8.99 |
| Q2 2020 | 60.00 | - | - | 8.76 |
| Q3 2020 | 60.00 | - | - | 8.41 |
| 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 |
| Q4 2021 | 60.00 | 2.77 | 2.77 | 13.41 |
| Q1 2022 | 60.00 | 3.90 | 3.90 | 15.04 |
| Q2 2022 | 60.00 | 5.31 | 5.31 | 15.07 |
| Q3 2022 | 60.00 | 5.32 | 5.32 | 14.72 |
| Q4 2022 | 60.00 | 4.84 | 4.84 | 15.01 |
| Q1 2023 | 60.00 | 4.58 | 4.48 | 16.37 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2013 | - | - | - | - |
| 2014 | - | - | - | - |
| 2015 | - | - | - | - |
| 2016 | - | - | - | - |
| 2017 | 60.00 | 2.72 | 2.72 | 8.88 |
| 2018 | 60.00 | 2.49 | 2.88 | 7.97 |
| 2019 | 60.00 | 1.82 | 1.61 | 7.73 |
| 2020 | 60.00 | 3.83 | 3.66 | 10.67 |
| 2021 | 60.00 | 2.77 | 2.77 | 13.41 |
| 2022 | 60.00 | 4.84 | 4.84 | 15.01 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 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 | - | - | - |
| Q4 2021 | 20.99 | 20.99 | 4.33 |
| Q1 2022 | 15.63 | 15.63 | 4.06 |
| Q2 2022 | 11.10 | 11.10 | 3.91 |
| Q3 2022 | 12.97 | 12.97 | 4.69 |
| Q4 2022 | 12.69 | 12.69 | 4.09 |
| Q1 2023 | 12.72 | 12.98 | 3.55 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | 20.99 | 20.99 | 4.33 |
| 2022 | 12.69 | 12.69 | 4.09 |
Q1 2023
2023
| Period | Wholesale goods-in-transit& food services | Retail goods-in-transit | Storage rent revenue |
|---|---|---|---|
| Q1 2020 | 401.89 | 284.09 | 1.60 |
| Q2 2020 | 304.78 | 295.59 | 2.04 |
| Q3 2020 | 384.57 | 239.88 | 1.93 |
| Q4 2020 | 392.00 | 228.55 | 1.54 |
| Q1 2021 | 348.08 | 278.34 | 1.63 |
| Q2 2021 | 378.14 | 234.31 | 2.04 |
| Q3 2021 | 421.05 | 231.70 | 2.24 |
| Q4 2021 | 442.62 | 234.47 | 2.40 |
| Q1 2022 | 458.20 | 326.49 | 3.32 |
| Q2 2022 | 421.01 | 288.15 | 3.31 |
| Q3 2022 | 427.49 | 299.79 | 2.92 |
| Q4 2022 | 442.14 | 303.20 | 2.50 |
| Q1 2023 | 485.63 | 412.86 | 3.48 |
| Period | Wholesale goods-in-transit& food services | Retail goods-in-transit | Storage rent revenue |
|---|---|---|---|
| 2019 | 1,543.80 | 867.45 | 7.81 |
| 2020 | 1,483.24 | 1,048.11 | 7.10 |
| 2021 | 1,589.88 | 978.83 | 8.31 |
| 2022 | 1,748.94 | 1,217.54 | 12.04 |
| Current | |
| Market Cap (M Riyal) | 6,600.00 |
| Enterprise Value (EV) (M) | 6,351.07 |
| Shares Outstanding ((M)) | 60.00 |
| EPS ( Riyal) (TTM) | 5.24 |
| Book Value (BV) ( Riyal) | 17.36 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 21.00 |
| P/E (TTM) | 21.00 |
| Price/book | 6.34 |
| Return on Average Assets (%) (TTM) | 19.6 |
| Return on Average Equity (%) (TTM) | 31.1 |
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