-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
BinDawood Holding profit soars to SAR 275.1M in 2023; Q4 at SAR 119.4M
BinDawood Holding Co. reported a net profit of SAR 275.1 million for 2023, more than double from SAR 124.7 million in the previous year.
Financials (M)
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 4,897.03 | 5,602.93 | 14.4 % |
| Gross Income | 1,437.07 | 1,809.79 | 25.9 % |
| Operating Income | 142.39 | 354.51 | 149.0 % |
| Net Income | 118.66 | 276.53 | 133.1 % |
| Average Shares | 1,143.00 | 1,143.00 | - |
| EPS (Riyals) | 0.10 | 0.24 | 133.1 % |
Revenue grew 14.4% year-on-year (YoY) to SAR 5.6 billion, driven by exceptional sales from BinDawood and Danube stores. The full-year impact of subsidiaries acquired in July 2022 also contributed to the revenue rise.
Gross profit margin improved to 32.3% from 29.3% in 2022 and gross profit increased to SAR 1.8 billion in 2023 from SAR 1.43 billion, backed by enhanced customer engagement, better product mix, strategic supplier negotiations, cost management, and a focus on quality output.
Meanwhile, operating expenses (OpEx) rose to SAR 1.46 billion in 2023 from SAR 1.29 billion a year ago. As a percentage of revenue, OpEx reduced to 26.1% in 2023 from 26.4% in 2022 despite cost incurred to enhance the dark store mechanism, full period impact of new stores, amortization of intangible assets incurred, full-period operating cost impact of operating subsidiaries under Future Retail for Information Technology acquired in 2022, and, merger and acquisitions related consultancy services.
Current Quarter Comparison (M)
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 1,318.34 | 1,451.40 | 10.1 % |
| Gross Income | 368.09 | 520.25 | 41.3 % |
| Operating Income | 38.02 | 129.39 | 240.3 % |
| Net Income | 59.13 | 120.84 | 104.4 % |
| Average Shares | 1,143.00 | 1,143.00 | - |
| EPS (Riyals) | 0.05 | 0.11 | 104.4 % |
The fourth-quarter net profit jumped 83.1% YoY to SAR 119.4 million.
The company’s three-month earnings spiked from SAR 34.91 million in Q3 2023.
Shareholders’ equity, after minority interest, amounted to SAR 1.39 billion at the end of 2023, from SAR 1.35 billion a year earlier.
View other reports
Share Price
BinDawood Holding Co. (BINDAWOOD)
| Current | |
| Market Cap (M Riyal) | 7,955.28 |
| Enterprise Value (EV) (M) | 7,368.76 |
| Shares Outstanding ((M)) | 1,143.00 |
| EPS ( Riyal) (TTM) | 0.25 |
| Book Value (BV) ( Riyal) | 1.26 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | 27.38 |
| P/E (TTM) | 27.38 |
| Price/book | 5.52 |
| Return on Average Assets (%) (TTM) | 5.7 |
| Return on Average Equity (%) (TTM) | 20.5 |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2023 | 1,381.16 | 17.5 % | 416.63 | 8.6 % | 74.50 | 5.1 % |
| Q2 2023 | 1,411.60 | 15.6 % | 452.05 | 19.5 % | 96.74 | 53.9 % |
| Q3 2023 | 1,358.76 | 14.9 % | 420.86 | 37.0 % | 56.06 | 290.8 % |
| Q4 2023 | 1,451.40 | 10.1 % | 520.25 | 41.3 % | 129.39 | 240.3 % |
| 2023 | 5,602.93 | 14.4 % | 1,809.79 | 25.9 % | 354.51 | 149.0 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| Q1 2023 | 51.49 | (21.3 %) | 0.05 | - | 51.49 | 0.05 |
| Q2 2023 | 69.30 | 63.7 % | 0.06 | (9.00) | 78.30 | 0.07 |
| Q3 2023 | 34.04 | 170.5 % | 0.03 | - | 34.91 | 0.03 |
| Q4 2023 | 120.84 | 104.4 % | 0.11 | - | 120.84 | 0.11 |
| 2023 | 276.53 | 133.1 % | 0.24 | (9.00) | 285.53 | 0.25 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2023 | 28.81 % | 11.56 % | 1.27 % |
| Q2 2023 | 29.17 % | 12.05 % | 1.90 % |
| Q3 2023 | 30.30 % | 13.32 % | 3.36 % |
| Q4 2023 | 32.30 % | 14.65 % | 5.10 % |
| 2023 | 32.30 % | 14.61 % | 5.10 % |
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2023 | 1,143.00 | 0.09 | 0.06 | 1.23 |
| Q2 2023 | 1,143.00 | 0.12 | 0.09 | 1.19 |
| Q3 2023 | 1,143.00 | 0.19 | 0.16 | 1.22 |
| Q4 2023 | 1,143.00 | 0.24 | 0.25 | 1.22 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2023 | 71.95 | More than 100 | 5.37 |
| Q2 2023 | 64.51 | 84.42 | 6.23 |
| Q3 2023 | 32.91 | 38.31 | 5.07 |
| Q4 2023 | 25.67 | 24.78 | 5.06 |
Business Segments (Million)
Q4 2023
| Period | Danube markets | Bin Dawood Markets | Others |
|---|---|---|---|
| Q1 2023 | 873.10 | 446.30 | 61.76 |
| Q2 2023 | 870.50 | 465.80 | 75.30 |
| Q3 2023 | 883.20 | 421.22 | 54.35 |
| Q4 2023 | 925.59 | 396.97 | 128.84 |
Analysts Estimates (Million)
| Item | Q4 2023 (e) | Q4 2023 (a) | Change |
|---|---|---|---|
| Average | 56.46 | 120.84 | 114.01 % |
Estimates vs Actual (Million)
| Item | Q4 2023 (e) | Q4 2023 (a) | Change |
|---|---|---|---|
| Al Rajhi Capital | 85.00 | 120.84 | 42.2 % |
| SNB Capital | 77.60 | 120.84 | 55.7 % |
| AlJazira Capital | 61.50 | 120.84 | 96.5 % |
| OSOOL AND BAKHEET | 61.23 | 120.84 | 97.3 % |
| Riyad Capital | 44.00 | 120.84 | 174.6 % |
| Sico | 42.00 | 120.84 | 187.7 % |
| U-Capital | 23.90 | 120.84 | 405.6 % |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}