Ataa Educational net profit doubles SAR 70.6 mln in FY2021/22; Q4 loss at SAR 720,000

Ataa Educational Co. reported a net profit after Zakat and tax of SAR 70.6 million for the fiscal year ended July 31, 2022, nearly double the SAR 35.5 million recorded in the same period the previous year.

The profit rise came as revenue shot up 106% year-on-year (YoY) as number of students increased and the company made new acquisitions. In addition, the government grant income rose 740% YoY due to higher subsidies received and other income improved 97% YoY.

Financials (M)

Item	2021	2022	Change‬
Revenues	280.35	592.32	111.3 %
Gross Income	74.13	133.62	80.3 %
Operating Income	48.53	67.20	38.5 %
Net Income	35.52	70.62	98.8 %
Average Shares	40.00	42.09	5.2 %
EPS (Riyals)	0.89	1.68	88.9 %

Meanwhile, the administrative and marketing expenses rose 164% YoY due to the consolidation of the financial statements with the acquired companies. Financing costs increased 101% YoY.

Ataa also noted non-recurring gains, resulting from the acquisition of the Arabian Group for Education and Training Co., of SAR 38 million.

The company turned to a net loss after tax and Zakat of SAR 720,000 in Q4 2021/22, compared to a profit of SAR 17.87 million in the same period last year.

On a sequential basis, Ataa turned to losses versus SAR 3.61 million profit in Q3 2021/22.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	93.40	173.73	86.0 %
Gross Income	28.14	45.85	62.9 %
Operating Income	20.56	28.24	37.3 %
Net Income	17.87	15.04	(15.8 %)
Average Shares	40.00	42.09	5.2 %
EPS (Riyals)	0.45	0.36	(20.0 %)

Item	Q3 2022	Q4 2022	Change‬
Revenues	142.89	173.73	21.6 %
Gross Income	23.72	45.85	93.3 %
Operating Income	9.49	28.24	197.6 %
Net Income	3.15	15.04	378.2 %
Average Shares	42.09	42.09	0.0 %
EPS (Riyals)	0.07	0.36	378.2 %

Shareholders’ equity, no minority rights, reached SAR 859.646 million by the end of FY 2021/22, compared to SAR 743.197 million in the same period last year.

View more financial results

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Share Price

Ataa Educational Co. (ATAA)

	Current
Market Cap (M Riyal)	3,211.47
Enterprise Value (EV) (M)	3,810.07
Shares Outstanding ((M))	42.09
EPS ( Riyal) (TTM)	1.51
Book Value (BV) ( Riyal)	19.04
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	4.01
Return on Average Assets (%) (TTM)	3.0
Return on Average Equity (%) (TTM)	8.0

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	81.26	-	16.60	-	8.58	-
Q4 2018	84.56	-	42.06	-	37.95	-
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
Q1 2019	77.52	-	22.90	-	17.38	-
Q2 2019	80.39	-	22.39	-	16.83	-
Q3 2019	79.74	(1.9 %)	19.39	16.8 %	12.87	50.0 %
Q4 2019	82.94	(1.9 %)	43.69	3.9 %	38.87	2.4 %
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
Q1 2020	81.11	4.6 %	25.53	11.5 %	18.50	6.5 %
Q2 2020	84.48	5.1 %	24.89	11.1 %	18.57	10.3 %
Q3 2020	84.09	5.5 %	25.15	29.7 %	15.73	22.3 %
Q4 2020	86.70	4.5 %	40.70	(6.9 %)	32.95	(15.2 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %
Q1 2021	61.23	(24.5 %)	13.71	(46.3 %)	7.86	(57.5 %)
Q2 2021	63.19	(25.2 %)	16.66	(33.0 %)	10.01	(46.1 %)
Q3 2021	62.53	(25.6 %)	15.62	(37.9 %)	10.10	(35.8 %)
Q4 2021	93.40	7.7 %	28.14	(30.9 %)	20.56	(37.6 %)
2021	280.35	(16.7 %)	74.13	(36.2 %)	48.53	(43.4 %)
Q1 2022	139.74	128.2 %	38.61	181.6 %	20.93	166.3 %
Q2 2022	135.97	115.2 %	25.45	52.7 %	8.54	(14.6 %)
Q3 2022	142.89	128.5 %	23.72	51.8 %	9.49	(6.1 %)
Q4 2022	173.73	86.0 %	45.85	62.9 %	28.24	37.3 %
2022	592.32	111.3 %	133.62	80.3 %	67.20	38.5 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %
2021	280.35	(16.7 %)	74.13	(36.2 %)	48.53	(43.4 %)
2022	592.32	111.3 %	133.62	80.3 %	67.20	38.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	94.39	14.2 %	4.36	-	94.39	4.36
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	9.05	-	0.23	-	9.05	0.23
Q4 2018	37.90	-	0.95	-	37.90	0.95
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
Q1 2019	17.12	-	0.43	-	17.12	0.43
Q2 2019	16.16	-	0.40	-	16.16	0.40
Q3 2019	12.01	32.7 %	0.30	-	12.01	0.30
Q4 2019	37.97	0.2 %	0.95	-	37.97	0.95
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
Q1 2020	16.25	(5.1 %)	0.41	-	16.25	0.41
Q2 2020	17.28	7.0 %	0.43	-	17.28	0.43
Q3 2020	12.34	2.8 %	0.31	-	12.34	0.31
Q4 2020	29.92	(21.2 %)	0.75	-	29.92	0.75
2020	75.80	(8.4 %)	1.89	-	75.80	1.89
Q1 2021	4.92	(69.7 %)	0.12	-	4.92	0.12
Q2 2021	6.39	(63.0 %)	0.16	-	6.39	0.16
Q3 2021	6.34	(48.6 %)	0.16	-	6.34	0.16
Q4 2021	17.87	(40.3 %)	0.45	-	17.87	0.45
2021	35.52	(53.1 %)	0.89	-	35.52	0.89
Q1 2022	51.41	945.6 %	1.22	38.12	13.29	0.32
Q2 2022	1.01	(84.2 %)	0.02	-	1.01	0.02
Q3 2022	3.15	(50.4 %)	0.07	-	3.15	0.07
Q4 2022	15.04	(15.8 %)	0.36	-	15.04	0.36
2022	70.62	98.8 %	1.68	38.12	32.50	0.77

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
2017	94.39	14.2 %	4.36	-	94.39	4.36
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
2020	75.80	(8.4 %)	1.89	-	75.80	1.89
2021	35.52	(53.1 %)	0.89	-	35.52	0.89
2022	70.62	98.8 %	1.68	38.12	32.50	0.77

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	37.68 %	33.26 %	27.69 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	34.94 %	33.95 %	28.28 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	35.02 %	33.00 %	27.79 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	33.14 %	30.85 %	27.03 %
Q1 2019	-	-	-
Q2 2019	32.11 %	29.72 %	24.78 %
Q3 2019	33.13 %	31.27 %	25.82 %
Q4 2019	33.80 %	31.77 %	25.97 %
2019	33.64 %	31.60 %	25.81 %
Q1 2020	34.24 %	33.56 %	25.42 %
Q2 2020	34.57 %	35.64 %	25.44 %
Q3 2020	35.85 %	38.12 %	25.21 %
Q4 2020	34.56 %	38.17 %	22.53 %
2020	34.56 %	38.17 %	22.53 %
Q1 2021	33.00 %	37.61 %	20.37 %
Q2 2021	32.59 %	37.85 %	18.15 %
Q3 2021	31.68 %	38.97 %	17.38 %
Q4 2021	26.44 %	34.56 %	12.67 %
2021	26.44 %	34.56 %	12.67 %
Q1 2022	27.59 %	32.94 %	12.23 %
Q2 2022	24.98 %	28.91 %	8.92 %
Q3 2022	22.64 %	25.98 %	6.90 %
Q4 2022	22.56 %	25.57 %	5.49 %
2022	22.56 %	25.57 %	5.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	37.68 %	33.26 %	27.69 %
2016	34.94 %	33.95 %	28.28 %
2017	35.02 %	33.00 %	27.79 %
2018	33.14 %	30.85 %	27.03 %
2019	33.64 %	31.60 %	25.81 %
2020	34.56 %	38.17 %	22.53 %
2021	26.44 %	34.56 %	12.67 %
2022	22.56 %	25.57 %	5.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
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	20.43 %	15.11 %	11.14 %
Q4 2018	49.74 %	49.44 %	44.82 %
Q1 2019	29.53 %	27.70 %	22.08 %
Q2 2019	27.86 %	25.71 %	20.10 %
Q3 2019	24.32 %	21.08 %	15.07 %
Q4 2019	52.68 %	51.71 %	45.78 %
Q1 2020	31.47 %	35.04 %	20.04 %
Q2 2020	29.46 %	34.20 %	20.46 %
Q3 2020	29.91 %	31.63 %	14.68 %
Q4 2020	46.94 %	51.31 %	34.51 %
Q1 2021	22.39 %	31.14 %	8.03 %
Q2 2021	26.37 %	34.17 %	10.11 %
Q3 2021	24.98 %	34.38 %	10.14 %
Q4 2021	30.12 %	37.18 %	19.13 %
Q1 2022	27.63 %	28.91 %	9.51 %
Q2 2022	18.72 %	20.70 %	0.74 %
Q3 2022	16.60 %	20.81 %	2.20 %
Q4 2022	26.39 %	30.61 %	8.66 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
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	40.00	-	-	-
Q4 2018	40.00	-	-	18.13
Q1 2019	40.00	-	-	18.07
Q2 2019	40.00	2.01	2.01	17.45
Q3 2019	40.00	2.08	2.08	17.74
Q4 2019	40.00	2.08	2.08	18.66
Q1 2020	40.00	2.06	2.06	18.36
Q2 2020	40.00	2.09	2.09	17.77
Q3 2020	40.00	2.10	2.10	18.10
Q4 2020	40.00	1.89	1.89	18.73
Q1 2021	40.00	1.61	1.61	18.85
Q2 2021	40.00	1.34	1.34	18.02
Q3 2021	40.00	1.19	1.19	18.18
Q4 2021	40.00	0.89	0.89	18.58
Q1 2022	42.09	1.95	1.04	20.97
Q2 2022	42.09	1.82	0.92	20.05
Q3 2022	42.09	1.75	0.84	20.12
Q4 2022	42.09	1.68	0.77	19.52

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	21.64	4.24	4.24	24.12
2016	21.64	3.82	3.82	25.75
2017	21.64	4.36	4.36	29.61
2018	40.00	2.20	2.20	18.13
2019	40.00	2.07	2.07	18.66
2020	40.00	1.89	1.89	18.73
2021	40.00	0.89	0.89	18.58
2022	42.09	1.68	0.77	19.52

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
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	16.14	16.14	1.89
Q4 2019	14.94	14.94	1.67
Q1 2020	16.86	16.86	1.89
Q2 2020	19.15	19.15	2.25
Q3 2020	20.25	20.25	2.35
Q4 2020	21.93	21.93	2.22
Q1 2021	28.08	28.08	2.40
Q2 2021	43.60	43.60	3.24
Q3 2021	55.12	55.12	3.61
Q4 2021	68.61	68.61	3.28
Q1 2022	28.99	54.17	2.69
Q2 2022	33.72	67.09	3.06
Q3 2022	32.67	67.92	2.83
Q4 2022	32.48	70.59	2.79

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	15.03	15.03	1.67
2020	21.93	21.93	2.22
2021	68.61	68.61	3.28
2022	32.48	70.59	2.79

Business Segments (Million)

Compared With The

Period	Education sector	training sector	recruitment sector	National Schools	International Schools	Indian Schools	French Schools
Q1 2019	-	-	-	48.31	19.46	7.47	2.28
Q2 2019	-	-	-	47.86	19.41	10.86	2.25
Q3 2019	-	-	-	47.65	19.16	10.70	2.23
Q4 2019	-	-	-	50.80	15.60	14.33	2.21
Q1 2020	-	-	-	49.89	21.53	7.38	2.31
Q2 2020	-	-	-	49.62	21.55	11.01	2.31
Q3 2020	-	-	-	49.60	21.32	10.90	2.28
Q4 2020	-	-	-	48.45	20.81	15.24	2.20
Q1 2021	61.23	-	-	-	-	-	-
Q2 2021	63.19	-	-	-	-	-	-
Q3 2021	62.53	-	-	-	-	-	-
Q4 2021	93.40	-	-	-	-	-	-
Q1 2022	118.71	8.23	12.80	-	-	-	-
Q2 2022	113.57	7.26	15.14	-	-	-	-
Q3 2022	122.51	6.03	14.35	-	-	-	-
Q4 2022	151.23	8.79	13.70	-	-	-	-

Period	Education sector	training sector	recruitment sector	National Schools	International Schools	Indian Schools	French Schools
2018	-	-	-	186.13	85.96	42.87	10.22
2019	-	-	-	194.63	73.63	43.36	8.97
2020	-	-	-	197.56	85.21	44.52	9.09
2021	280.35	-	-	-	-	-	-
2022	506.02	30.31	55.99	-	-	-	-

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Ataa Educational net profit doubles SAR 70.6 mln in FY2021/22; Q4 loss at SAR 720,000

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Ataa Educational Co. (ATAA)

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Ataa Educational net profit doubles SAR 70.6 mln in FY2021/22; Q4 loss at SAR 720,000

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Ataa Educational Co. (ATAA)

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

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Business Segments (Million)