Sulaiman Al Habib’s 2021 profit rises 30% to SAR 1.376 bln, Q4 up 21% to SAR 383.6 mln
Dr. Sulaiman Al Habib Medical Services Group reported a net profit after Zakat and tax of SAR 1.376 billion for 2021, an increase of 30% from SAR 1.055 billion a year earlier.
Financials (M)
Item | 2020 | 2021 | Change |
---|---|---|---|
Revenues | 5,861.61 | 7,250.47 | 23.7 % |
Gross Income | 1,864.41 | 2,330.23 | 25.0 % |
Operating Income | 1,114.86 | 1,466.15 | 31.5 % |
Net Income | 1,055.48 | 1,376.62 | 30.4 % |
Average Shares | 350.00 | 350.00 | - |
EPS (Riyals) | 3.02 | 3.93 | 30.4 % |
The profit rise was driven by a 23.69% year-on-year (YoY) jump in revenues mainly as a result of the growth hospital segment, and higher number of patients.
Hospital segment growth positively reflected in the increase in pharmacy segment sales compared to the previous year.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 23.74% YoY, while EBITDA margin was stable at 25.47%.
Current Quarter Comparison (M)
Item | Q4 2020 | Q4 2021 | Change |
---|---|---|---|
Revenues | 1,691.35 | 1,968.13 | 16.4 % |
Gross Income | 545.81 | 643.38 | 17.9 % |
Operating Income | 329.05 | 396.25 | 20.4 % |
Net Income | 317.83 | 383.59 | 20.7 % |
Average Shares | 350.00 | 350.00 | - |
EPS (Riyals) | 0.91 | 1.10 | 20.7 % |
Shareholders' equity, after minority interest, rose to SAR 5.339 billion as of Dec. 31, 2021, from SAR 4.911 billion a year earlier.
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Share Price
Dr. Sulaiman Al Habib Medical Services Group (SULAIMAN ALHABIB)
Current | |
Market Cap (M Riyal) | 98,700.00 |
Enterprise Value (EV) (M) | 103,668.80 |
Shares Outstanding ((M)) | 350.00 |
EPS ( Riyal) (TTM) | 6.36 |
Book Value (BV) ( Riyal) | 19.97 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | 45.51 |
P/E (TTM) | 44.33 |
Price/book | 14.12 |
Return on Average Assets (%) (TTM) | 13.0 |
Return on Average Equity (%) (TTM) | 33.3 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2021 | 1,694.79 | 26.2 % | 549.42 | 37.4 % | 349.63 | 35.2 % |
Q2 2021 | 1,751.21 | 45.6 % | 551.02 | 53.1 % | 339.73 | 67.1 % |
Q3 2021 | 1,836.35 | 13.1 % | 586.42 | 4.9 % | 380.54 | 17.5 % |
Q4 2021 | 1,968.13 | 16.4 % | 643.38 | 17.9 % | 396.25 | 20.4 % |
2021 | 7,250.47 | 23.7 % | 2,330.23 | 25.0 % | 1,466.15 | 31.5 % |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2021 | 319.00 | 29.4 % | 0.91 | - | 319.00 | 0.91 |
Q2 2021 | 325.40 | 69.3 % | 0.93 | - | 325.40 | 0.93 |
Q3 2021 | 348.62 | 16.7 % | 1.00 | - | 348.62 | 1.00 |
Q4 2021 | 383.59 | 20.7 % | 1.10 | - | 383.59 | 1.10 |
2021 | 1,376.62 | 30.4 % | 3.93 | - | 1,376.62 | 3.93 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2021 | 32.42 % | 24.53 % | 18.15 % |
Q2 2021 | 32.61 % | 24.54 % | 18.65 % |
Q3 2021 | 32.02 % | 24.56 % | 18.80 % |
Q4 2021 | 32.14 % | 24.56 % | 18.99 % |
2021 | 32.14 % | 24.56 % | 18.99 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2021 | 350.00 | 3.22 | 3.22 | 14.33 |
Q2 2021 | 350.00 | 3.60 | 3.60 | 14.56 |
Q3 2021 | 350.00 | 3.75 | 3.75 | 14.86 |
Q4 2021 | 350.00 | 3.93 | 3.93 | 15.25 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2021 | 38.48 | 38.48 | 8.65 |
Q2 2021 | 45.35 | 45.35 | 11.22 |
Q3 2021 | 46.46 | 46.46 | 11.71 |
Q4 2021 | 41.04 | 41.04 | 10.58 |
Business Segments (Million)
Q4 2021
Period | Hospitals | Pharmacies | Others |
---|---|---|---|
Q1 2021 | 1,320.00 | 313.00 | 62.00 |
Q2 2021 | 1,366.00 | 315.00 | 70.00 |
Q3 2021 | 1,418.00 | 338.00 | 80.00 |
Q4 2021 | 1,482.00 | 389.00 | 97.00 |
Analysts Estimates (Million)
Item | Q4 2021 (e) | Q4 2021 (a) | Change |
---|---|---|---|
Average | 357.42 | 383.59 | 7.32 % |
Estimates vs Actual (Million)
Item | Q4 2021 (e) | Q4 2021 (a) | Change |
---|---|---|---|
OSOOL AND BAKHEET | 370.00 | 383.59 | 3.7 % |
Riyad Capital | 367.00 | 383.59 | 4.5 % |
Beltone Financial | 365.00 | 383.59 | 5.1 % |
AlJazira Capital | 359.10 | 383.59 | 6.8 % |
SNB Capital | 326.00 | 383.59 | 17.7 % |
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