TALCO 9M 2024 profit up 4% to SAR 60.7M; Q3 at SAR 16.8M

Al Taiseer Group Talco Industrial Co. (TALCO) reported a 4% rise in the first nine months of 2024 net earnings to SAR 60.7 million, compared with SAR 58.7 million a year before.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	498.15	494.42	(0.7 %)
Gross Income	105.15	112.14	6.6 %
Operating Income	67.15	72.77	8.4 %
Net Income	58.68	60.74	3.5 %
Average Shares	40.00	40.00	-
EPS (Riyals)	1.47	1.52	3.5 %

The positive performance was driven by a decrease in the percentage of revenue costs, lower administrative and general expenses, and an increase in other revenues.

This came despite higher impairment losses on accounts receivable, along with higher sales and distribution expenses, financing expenses, and Zakat expenses.

Meanwhile, the company reported a decrease in sales value during the current period to SAR 494.42 million from SAR 498.15 million a year earlier, due to a decline in selling prices in the primary aluminum segment. This followed a decrease in prices of certain raw materials, as well as lower sales volume in the accessories segment.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	159.31	167.25	5.0 %
Gross Income	33.93	35.72	5.3 %
Operating Income	22.42	20.80	(7.2 %)
Net Income	18.85	16.77	(11.0 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.47	0.42	(11.0 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	164.80	167.25	1.5 %
Gross Income	37.94	35.72	(5.9 %)
Operating Income	25.32	20.80	(17.9 %)
Net Income	20.87	16.77	(19.7 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.52	0.42	(19.7 %)

In Q3 2024, net earnings fell 11% to SAR 16.8 million, compared with SAR 18.85 million a year earlier.

The company's third-quarter earnings dropped 19.7% from SAR 20.87 million in Q2 2024.

Total shareholders’ equity, no minority interest, grew to SAR 543.69 million as of Sept. 30, 2024, from SAR 483.44 million a year earlier.

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Share Price

Al Taiseer Group Talco Industrial Co. (TALCO)

	Current
Market Cap (M Riyal)	2,392.00
Enterprise Value (EV) (M)	2,260.89
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	2.05
Book Value (BV) ( Riyal)	13.59
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	29.10
P/E (TTM)	29.10
Price/book	4.40
Return on Average Assets (%) (TTM)	12.0
Return on Average Equity (%) (TTM)	16.0

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	334.13	-	54.03	-	31.11	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	359.25	7.5 %	67.85	25.6 %	41.94	34.8 %
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	518.54	44.3 %	93.85	38.3 %	63.31	51.0 %
Q1 2022	183.20	-	32.52	-	22.80	-
Q2 2022	194.68	-	26.57	-	14.34	-
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	749.87	44.6 %	127.31	35.6 %	82.13	29.7 %
Q1 2023	182.38	(0.4 %)	39.75	22.2 %	27.08	18.8 %
Q2 2023	156.47	(19.6 %)	31.47	18.5 %	17.42	21.5 %
Q3 2023	159.31	-	33.93	-	22.42	-
Q4 2023	173.20	-	35.48	-	20.19	-
2023	671.35	(10.5 %)	140.63	10.5 %	87.34	6.3 %
Q1 2024	162.37	(11.0 %)	38.47	(3.2 %)	26.52	(2.1 %)
Q2 2024	164.80	5.3 %	37.94	20.5 %	25.32	45.4 %
Q3 2024	167.25	5.0 %	35.72	5.3 %	20.80	(7.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	334.13	-	54.03	-	31.11	-
2020	359.25	7.5 %	67.85	25.6 %	41.94	34.8 %
2021	518.54	44.3 %	93.85	38.3 %	63.31	51.0 %
2022	749.87	44.6 %	127.31	35.6 %	82.13	29.7 %
2023	671.35	(10.5 %)	140.63	10.5 %	87.34	6.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	25.81	-	0.65	-	25.81	0.65
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	35.54	37.7 %	0.89	-	35.54	0.89
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	56.62	59.3 %	1.42	-	56.62	1.42
Q1 2022	21.10	-	0.53	-	21.10	0.53
Q2 2022	12.74	-	0.32	-	12.74	0.32
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	74.70	31.9 %	1.87	-	74.70	1.87
Q1 2023	24.56	16.4 %	0.61	-	24.56	0.61
Q2 2023	15.28	19.9 %	0.38	-	15.28	0.38
Q3 2023	18.85	-	0.47	-	18.85	0.47
Q4 2023	21.45	-	0.54	-	21.45	0.54
2023	80.13	7.3 %	2.00	-	80.13	2.00
Q1 2024	23.10	(5.9 %)	0.58	-	23.10	0.58
Q2 2024	20.87	36.6 %	0.52	-	20.87	0.52
Q3 2024	16.77	(11.0 %)	0.42	-	16.77	0.42

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	25.81	-	0.65	-	25.81	0.65
2020	35.54	37.7 %	0.89	-	35.54	0.89
2021	56.62	59.3 %	1.42	-	56.62	1.42
2022	74.70	31.9 %	1.87	-	74.70	1.87
2023	80.13	7.3 %	2.00	-	80.13	2.00

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	16.17 %	14.34 %	7.72 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	18.89 %	16.33 %	9.89 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	18.10 %	15.77 %	10.92 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
2022	16.98 %	13.87 %	9.96 %
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	20.95 %	-	11.94 %
2023	20.95 %	16.39 %	11.94 %
Q1 2024	21.39 %	-	12.08 %
Q2 2024	22.10 %	-	12.77 %
Q3 2024	22.11 %	-	12.31 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	16.17 %	14.34 %	7.72 %
2020	18.89 %	16.33 %	9.89 %
2021	18.10 %	15.77 %	10.92 %
2022	16.98 %	13.87 %	9.96 %
2023	20.95 %	16.39 %	11.94 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q1 2022	17.75 %	-	11.52 %
Q2 2022	13.65 %	-	6.55 %
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	21.79 %	-	13.46 %
Q2 2023	20.11 %	-	9.77 %
Q3 2023	21.30 %	-	11.83 %
Q4 2023	20.48 %	-	12.38 %
Q1 2024	23.69 %	-	14.23 %
Q2 2024	23.02 %	-	12.67 %
Q3 2024	21.36 %	-	10.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q1 2022	40.00	-	-	-
Q2 2022	40.00	-	-	10.22
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
Q1 2023	40.00	-	-	-
Q2 2023	40.00	-	-	11.01
Q3 2023	40.00	-	-	12.09
Q4 2023	40.00	2.00	2.00	-
Q1 2024	40.00	1.97	1.97	-
Q2 2024	40.00	2.11	2.11	13.14
Q3 2024	40.00	2.05	2.05	13.59

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	40.00	0.65	0.65	8.51
2020	40.00	0.89	0.89	6.81
2021	40.00	1.42	1.42	9.81
2022	40.00	1.87	1.87	11.12
2023	40.00	2.00	2.00	12.09

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-
Q1 2024	-	-	-
Q2 2024	27.34	27.34	4.38
Q3 2024	28.86	28.86	4.36

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-

Business Segments (Million)

Compared With The

Period	Forming and selling aluminum	Thermoset powder coating	Aluminum accessories	Overlapping transactions and balances

Period	Forming and selling aluminum	Thermoset powder coating	Aluminum accessories	Overlapping transactions and balances
2021	481.33	27.87	17.00	(7.65)
2022	652.00	54.64	43.23	-
2023	582.74	50.70	37.92	-

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TALCO 9M 2024 profit up 4% to SAR 60.7M; Q3 at SAR 16.8M

Financials (M)

Current Quarter Comparison (M)

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Share Price

Al Taiseer Group Talco Industrial Co. (TALCO)

Financial Ratios

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)

Revenue by Business Segment (Latest) 2024 Q3

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TALCO 9M 2024 profit up 4% to SAR 60.7M; Q3 at SAR 16.8M

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Al Taiseer Group Talco Industrial Co. (TALCO)

Financial Ratios

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) 2023

Revenue by Business Segment (Latest) 2024 Q3

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