SAPTCO cuts 2022 net loss to SAR 90.9 mln; Q4 at SAR 93.3 mln

27/02/2023 Argaam Exclusive

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Saudi Public Transport Co. (SAPTCO) narrowed net losses after Zakat and tax to SAR 90.9 million in 2022, from SAR 216.2 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	960.57	1,319.47	37.4 %
Gross Income	2.35	176.08	7399.3 %
Operating Income	(157.74)	(41.70)	73.6 %
Net Income	(216.19)	(90.87)	58.0 %
Average Shares	125.00	125.00	-
EPS (Riyals)	(1.73)	(0.73)	58.0 %

The company attributed the decline in net losses to higher revenue, incremental other income, lower loss recognized on investments in joint venture, as well as decrease in Zakat and tax expenses. The firm also cited recognition of reversal for impairment in assets held for sale in the current year, in addition to lower financing income and recognition of losses in an associate during 2022.

In Q4 2022, net losses after Zakat and tax narrowed by 40.3% to SAR 93.3 million from SAR 66.51 million in the year-ago period.

When compared to the previous quarter, SAPTCO turned to net losses from earnings of SAR 4.03 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	280.93	356.82	27.0 %
Gross Income	37.40	26.22	(29.9 %)
Operating Income	(57.66)	(80.48)	(39.6 %)
Net Income	(66.51)	(93.34)	(40.3 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	(0.53)	(0.75)	(40.3 %)

Item	Q3 2022	Q4 2022	Change‬
Revenues	352.98	356.82	1.1 %
Gross Income	80.68	26.22	(67.5 %)
Operating Income	33.63	(80.48)	(339.3 %)
Net Income	4.04	(93.34)	(2413.3 %)
Average Shares	125.00	125.00	-
EPS (Riyals)	0.03	(0.75)	(2413.3 %)

Shareholders’ equity, after minority interest, reached SAR 945 million as of Dec. 31, 2022, from SAR 1.049 billion a year earlier.

Accumulated losses stood at SAR 304.9 million in 2022, accounting for 24.39% of the company’s capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	202.69	21.4 %	27.94	175.0 %	9.11	228.7 %
Q2 2013	257.03	26.9 %	55.86	103.1 %	32.73	197.3 %
Q3 2013	224.84	(6.1 %)	11.77	(72.8 %)	(15.26)	(195.6 %)
Q4 2013	283.29	(7.4 %)	78.77	(1.1 %)	30.00	0.3 %
2013	967.85	5.8 %	174.35	8.6 %	56.58	13.6 %
Q1 2014	231.31	14.1 %	41.48	48.4 %	20.44	124.3 %
Q2 2014	229.77	(10.6 %)	30.87	(44.7 %)	11.28	(65.6 %)
Q3 2014	272.83	21.3 %	44.97	281.9 %	11.92	178.1 %
Q4 2014	285.29	0.7 %	70.28	(10.8 %)	29.94	(0.2 %)
2014	1,019.20	5.3 %	187.59	7.6 %	73.57	30.0 %
Q1 2015	238.82	3.2 %	37.09	(10.6 %)	10.28	(49.7 %)
Q2 2015	252.93	10.1 %	30.08	(2.6 %)	2.55	(77.4 %)
Q3 2015	360.90	32.3 %	123.15	173.9 %	80.99	579.6 %
Q4 2015	248.06	(13.1 %)	36.83	(47.6 %)	(9.80)	(132.7 %)
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
Q1 2016	257.00	7.6 %	44.33	19.5 %	16.81	63.5 %
Q2 2016	284.21	12.4 %	44.58	48.2 %	6.79	166.2 %
Q3 2016	375.56	4.1 %	125.18	1.6 %	92.91	14.7 %
Q4 2016	234.88	(5.3 %)	26.75	(27.4 %)	(18.20)	(85.7 %)
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
Q1 2017	228.99	(10.9 %)	15.70	(64.6 %)	(11.82)	(170.3 %)
Q2 2017	294.17	3.5 %	53.85	20.8 %	26.90	296.3 %
Q3 2017	385.50	2.6 %	108.59	(13.3 %)	78.08	(16.0 %)
Q4 2017	218.87	(6.8 %)	(6.61)	(124.7 %)	(54.81)	(201.2 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
Q1 2018	234.18	2.3 %	3.04	(80.6 %)	(19.77)	(67.2 %)
Q2 2018	325.46	10.6 %	29.51	(45.2 %)	(3.68)	(113.7 %)
Q3 2018	464.85	20.6 %	140.27	29.2 %	103.93	33.1 %
Q4 2018	430.97	96.9 %	(0.89)	86.5 %	(59.89)	(9.3 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
Q1 2019	411.06	75.5 %	(1.83)	(160.1 %)	(32.50)	(64.4 %)
Q2 2019	428.87	31.8 %	29.49	(0.1 %)	(2.02)	45.2 %
Q3 2019	485.31	4.4 %	172.50	23.0 %	119.62	15.1 %
Q4 2019	386.66	(10.3 %)	14.91	1775.5 %	(35.83)	40.2 %
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
Q1 2020	420.06	2.2 %	3.79	307.3 %	(27.37)	15.8 %
Q2 2020	122.75	(71.4 %)	(82.89)	(381.1 %)	(113.69)	(5,528.4 %)
Q3 2020	313.93	(35.3 %)	(26.46)	(115.3 %)	(56.77)	(147.5 %)
Q4 2020	312.93	(19.1 %)	(14.58)	(197.8 %)	(60.83)	(69.8 %)
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
Q1 2021	211.58	(49.6 %)	(12.97)	(442.1 %)	(35.49)	(29.7 %)
Q2 2021	246.38	100.7 %	(9.86)	88.1 %	(24.78)	78.2 %
Q3 2021	221.68	(29.4 %)	(12.22)	53.8 %	(39.81)	29.9 %
Q4 2021	280.93	(10.2 %)	37.40	356.5 %	(57.66)	5.2 %
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
Q1 2022	299.31	41.5 %	25.38	295.7 %	(9.20)	74.1 %
Q2 2022	310.36	26.0 %	43.81	544.2 %	14.36	157.9 %
Q3 2022	352.98	59.2 %	80.68	760.2 %	33.63	184.5 %
Q4 2022	356.82	27.0 %	26.22	(29.9 %)	(80.48)	(39.6 %)
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	967.85	5.8 %	174.35	8.6 %	56.58	13.6 %
2014	1,019.20	5.3 %	187.59	7.6 %	73.57	30.0 %
2015	1,102.31	8.2 %	231.09	23.2 %	98.90	34.4 %
2016	1,151.64	4.5 %	240.85	4.2 %	97.56	(1.4 %)
2017	1,127.53	(2.1 %)	171.53	(28.8 %)	38.35	(60.7 %)
2018	1,455.45	29.1 %	171.93	0.2 %	20.59	(46.3 %)
2019	1,711.89	17.6 %	219.37	27.6 %	49.27	139.3 %
2020	1,169.66	(31.7 %)	(120.14)	(154.8 %)	(258.66)	(625.0 %)
2021	960.57	(17.9 %)	2.35	102.0 %	(157.74)	39.0 %
2022	1,319.47	37.4 %	176.08	7399.3 %	(41.70)	73.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	20.08	198.7 %	0.16	9.50	10.58	0.08
Q2 2013	36.21	113.1 %	0.29	(0.50)	36.71	0.29
Q3 2013	(13.11)	(177.9 %)	(0.10)	0.00	(13.11)	(0.10)
Q4 2013	34.40	3.4 %	0.28	0.00	34.40	0.28
2013	77.58	5.1 %	0.62	9.00	68.58	0.55
Q1 2014	21.10	5.1 %	0.17	0.41	20.69	0.17
Q2 2014	22.44	(38.0 %)	0.18	10.86	11.58	0.09
Q3 2014	23.79	281.5 %	0.19	12.04	11.75	0.09
Q4 2014	34.72	0.9 %	0.28	0.59	34.13	0.27
2014	102.05	31.5 %	0.82	23.90	78.15	0.63
Q1 2015	137.91	553.7 %	1.10	118.82	19.09	0.15
Q2 2015	12.82	(42.9 %)	0.10	1.13	11.68	0.09
Q3 2015	81.40	242.1 %	0.65	3.68	77.72	0.62
Q4 2015	(35.51)	(202.3 %)	(0.28)	(7.46)	(28.05)	(0.22)
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
Q1 2016	32.77	(76.2 %)	0.26	7.24	25.53	0.20
Q2 2016	10.66	(16.9 %)	0.09	0.35	10.31	0.08
Q3 2016	87.25	7.2 %	0.70	-	87.25	0.70
Q4 2016	1.82	105.1 %	0.01	-	1.82	0.01
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
Q1 2017	2.48	(92.4 %)	0.02	-	2.48	0.02
Q2 2017	38.66	262.8 %	0.31	-	38.66	0.31
Q3 2017	62.47	(28.4 %)	0.50	-	62.47	0.50
Q4 2017	(24.70)	(1460.7 %)	(0.20)	-	(24.70)	(0.20)
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
Q1 2018	(4.86)	(295.9 %)	(0.04)	-	(4.86)	(0.04)
Q2 2018	(30.30)	(178.4 %)	(0.24)	(27.68)	(2.62)	(0.02)
Q3 2018	94.87	51.9 %	0.76	-	94.87	0.76
Q4 2018	(39.30)	(59.1 %)	(0.31)	-	(39.30)	(0.31)
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
Q1 2019	(11.00)	(126.4 %)	(0.09)	-	(11.00)	(0.09)
Q2 2019	(9.23)	69.6 %	(0.07)	-	(9.23)	(0.07)
Q3 2019	97.11	2.4 %	0.78	-	97.11	0.78
Q4 2019	(41.56)	(5.8 %)	(0.33)	-	(41.56)	(0.33)
2019	35.32	73.0 %	0.28	-	35.32	0.28
Q1 2020	(39.98)	(263.6 %)	(0.32)	-	(39.98)	(0.32)
Q2 2020	(138.64)	(1,402.8 %)	(1.11)	-	(138.64)	(1.11)
Q3 2020	(120.95)	(224.6 %)	(0.97)	(42.71)	(78.25)	(0.63)
Q4 2020	(75.59)	(81.9 %)	(0.60)	-	(75.59)	(0.60)
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
Q1 2021	(53.73)	(34.4 %)	(0.43)	-	(53.73)	(0.43)
Q2 2021	(39.98)	71.2 %	(0.32)	-	(39.98)	(0.32)
Q3 2021	(55.96)	53.7 %	(0.45)	-	(55.96)	(0.45)
Q4 2021	(66.51)	12.0 %	(0.53)	14.20	(80.72)	(0.65)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
Q1 2022	(3.54)	93.4 %	(0.03)	24.30	(27.83)	(0.22)
Q2 2022	1.97	104.9 %	0.02	-	1.97	0.02
Q3 2022	4.04	107.2 %	0.03	-	4.04	0.03
Q4 2022	(93.34)	(40.3 %)	(0.75)	-	(93.34)	(0.75)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	77.58	5.1 %	0.62	9.00	68.58	0.55
2014	102.05	31.5 %	0.82	23.90	78.15	0.63
2015	210.86	106.6 %	1.69	116.17	94.69	0.76
2016	132.49	(37.2 %)	1.06	7.59	124.90	1.00
2017	78.91	(40.4 %)	0.63	-	78.91	0.63
2018	20.42	(74.1 %)	0.16	(27.68)	48.10	0.38
2019	35.32	73.0 %	0.28	-	35.32	0.28
2020	(375.16)	(1162.1 %)	(3.00)	(42.71)	(332.46)	(2.66)
2021	(216.19)	42.4 %	(1.73)	14.20	(230.39)	(1.84)
2022	(90.87)	58.0 %	(0.73)	24.30	(115.17)	(0.92)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	18.76 %	25.40 %	8.00 %
Q2 2013	20.57 %	26.75 %	9.60 %
Q3 2013	17.69 %	24.37 %	6.72 %
Q4 2013	18.01 %	24.80 %	7.09 %
2013	18.01 %	24.80 %	7.09 %
Q1 2014	18.85 %	25.06 %	7.90 %
Q2 2014	16.81 %	23.25 %	5.53 %
Q3 2014	19.28 %	24.49 %	7.71 %
Q4 2014	18.41 %	24.73 %	7.67 %
2014	18.41 %	24.73 %	7.67 %
Q1 2015	17.84 %	22.59 %	7.46 %
Q2 2015	17.37 %	20.32 %	7.30 %
Q3 2015	22.90 %	24.08 %	12.53 %
Q4 2015	20.64 %	20.29 %	7.31 %
2015	20.96 %	21.61 %	8.59 %
Q1 2016	20.95 %	20.86 %	7.77 %
Q2 2016	21.64 %	21.07 %	7.43 %
Q3 2016	21.54 %	22.55 %	8.16 %
Q4 2016	20.91 %	22.32 %	10.84 %
2016	20.91 %	22.26 %	10.84 %
Q1 2017	18.89 %	21.02 %	9.06 %
Q2 2017	19.54 %	23.59 %	11.49 %
Q3 2017	17.92 %	21.98 %	9.22 %
Q4 2017	15.21 %	20.10 %	7.00 %
2017	15.21 %	20.10 %	7.00 %
Q1 2018	14.03 %	19.58 %	6.32 %
Q2 2018	11.56 %	16.41 %	2.60 %
Q3 2018	13.37 %	18.02 %	5.04 %
Q4 2018	11.81 %	14.73 %	3.30 %
2018	11.81 %	14.73 %	3.30 %
Q1 2019	10.23 %	12.25 %	2.57 %
Q2 2019	9.62 %	11.40 %	2.04 %
Q3 2019	11.35 %	12.01 %	2.14 %
Q4 2019	12.56 %	13.70 %	2.06 %
2019	12.81 %	13.70 %	2.06 %
Q1 2020	12.82 %	13.95 %	0.37 %
Q2 2020	7.66 %	9.09 %	(8.70 %)
Q3 2020	(7.29 %)	(3.95 %)	(24.00 %)
Q4 2020	(10.27 %)	(5.25 %)	(28.42 %)
2020	(10.27 %)	(5.25 %)	(28.42 %)
Q1 2021	(14.24 %)	(7.41 %)	(36.02 %)
Q2 2021	(5.89 %)	1.22 %	(22.82 %)
Q3 2021	(5.00 %)	2.76 %	(22.70 %)
Q4 2021	0.24 %	1.66 %	(23.98 %)
2021	0.24 %	1.66 %	(23.98 %)
Q1 2022	3.88 %	3.73 %	(19.51 %)
Q2 2022	8.48 %	7.02 %	(14.61 %)
Q3 2022	15.06 %	12.27 %	(8.25 %)
Q4 2022	13.35 %	10.11 %	(8.73 %)
2022	13.35 %	10.11 %	(8.73 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	18.01 %	24.80 %	7.09 %
2014	18.41 %	24.73 %	7.67 %
2015	20.96 %	21.61 %	8.59 %
2016	20.91 %	22.26 %	10.84 %
2017	15.21 %	20.10 %	7.00 %
2018	11.81 %	14.73 %	3.30 %
2019	12.81 %	13.70 %	2.06 %
2020	(10.27 %)	(5.25 %)	(28.42 %)
2021	0.24 %	1.66 %	(23.98 %)
2022	13.35 %	10.11 %	(8.73 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	13.79 %	26.61 %	5.22 %
Q2 2013	21.73 %	30.87 %	14.28 %
Q3 2013	5.24 %	14.38 %	(5.83 %)
Q4 2013	27.81 %	26.26 %	12.14 %
Q1 2014	17.93 %	27.53 %	8.94 %
Q2 2014	13.44 %	23.92 %	5.04 %
Q3 2014	16.48 %	20.56 %	4.31 %
Q4 2014	24.63 %	27.11 %	11.96 %
Q1 2015	15.53 %	18.21 %	7.99 %
Q2 2015	11.89 %	14.39 %	4.62 %
Q3 2015	34.12 %	32.37 %	21.54 %
Q4 2015	14.85 %	10.75 %	(11.31 %)
Q1 2016	17.25 %	20.81 %	9.93 %
Q2 2016	15.69 %	15.98 %	3.63 %
Q3 2016	33.33 %	36.50 %	23.23 %
Q4 2016	11.39 %	8.98 %	0.77 %
Q1 2017	6.86 %	14.21 %	1.08 %
Q2 2017	18.31 %	26.08 %	13.14 %
Q3 2017	28.17 %	31.39 %	16.20 %
Q4 2017	(3.02 %)	(1.63 %)	(11.28 %)
Q1 2018	1.30 %	11.78 %	(2.07 %)
Q2 2018	9.07 %	14.14 %	(0.80 %)
Q3 2018	30.18 %	33.13 %	20.41 %
Q4 2018	(0.21 %)	(3.09 %)	(9.12 %)
Q1 2019	(0.44 %)	3.23 %	(2.67 %)
Q2 2019	6.88 %	10.23 %	(2.15 %)
Q3 2019	35.54 %	34.44 %	20.01 %
Q4 2019	3.86 %	2.65 %	(10.75 %)
Q1 2020	0.90 %	4.48 %	(9.52 %)
Q2 2020	(67.53 %)	(55.03 %)	(112.94 %)
Q3 2020	(8.43 %)	(3.37 %)	(24.92 %)
Q4 2020	(4.66 %)	(0.68 %)	(24.16 %)
Q1 2021	(6.13 %)	4.28 %	(25.40 %)
Q2 2021	(4.00 %)	6.87 %	(16.23 %)
Q3 2021	(5.51 %)	1.61 %	(25.24 %)
Q4 2021	13.31 %	(4.85 %)	(28.73 %)
Q1 2022	8.48 %	10.78 %	(9.30 %)
Q2 2022	14.11 %	18.01 %	0.64 %
Q3 2022	22.86 %	22.12 %	1.14 %
Q4 2022	7.35 %	(9.20 %)	(26.16 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	125.00	0.70	0.61	11.82
Q2 2013	125.00	0.85	0.77	11.59
Q3 2013	125.00	0.61	0.53	11.49
Q4 2013	125.00	0.62	0.55	11.76
Q1 2014	125.00	0.63	0.63	11.47
Q2 2014	125.00	0.52	0.43	11.59
Q3 2014	125.00	0.81	0.63	11.79
Q4 2014	125.00	0.82	0.63	11.95
Q1 2015	125.00	1.75	0.61	13.07
Q2 2015	125.00	1.67	0.61	11.97
Q3 2015	125.00	2.13	1.14	12.42
Q4 2015	125.00	1.57	0.64	12.18
Q1 2016	125.00	0.73	0.70	12.38
Q2 2016	125.00	0.71	0.68	12.02
Q3 2016	125.00	0.76	0.76	12.61
Q4 2016	125.00	1.06	1.00	12.82
Q1 2017	125.00	0.82	0.81	12.34
Q2 2017	125.00	1.04	1.04	12.71
Q3 2017	125.00	0.84	0.84	13.19
Q4 2017	125.00	0.63	0.63	12.96
Q1 2018	125.00	0.57	0.57	13.02
Q2 2018	125.00	0.02	0.24	12.33
Q3 2018	125.00	0.28	0.50	13.06
Q4 2018	125.00	0.16	0.38	12.68
Q1 2019	125.00	0.11	0.34	12.71
Q2 2019	125.00	0.28	0.28	12.64
Q3 2019	125.00	0.30	0.30	13.39
Q4 2019	125.00	0.28	0.28	13.07
Q1 2020	125.00	0.05	0.05	12.61
Q2 2020	125.00	(0.98)	(0.98)	11.58
Q3 2020	125.00	(2.73)	(2.39)	10.75
Q4 2020	125.00	(3.00)	(2.66)	10.17
Q1 2021	125.00	(3.11)	(2.77)	9.74
Q2 2021	125.00	(2.32)	(1.98)	9.42
Q3 2021	125.00	(1.80)	(1.80)	8.97
Q4 2021	125.00	(1.73)	(1.84)	8.40
Q1 2022	125.00	(1.33)	(1.64)	8.37
Q2 2022	125.00	(0.99)	(1.30)	8.38
Q3 2022	125.00	(0.51)	(0.82)	8.42
Q4 2022	125.00	(0.73)	(0.92)	7.56

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	125.00	0.62	0.55	11.76
2014	125.00	0.82	0.63	11.95
2015	125.00	1.69	0.76	12.18
2016	125.00	1.06	1.00	12.82
2017	125.00	0.63	0.63	12.96
2018	125.00	0.16	0.38	12.68
2019	125.00	0.28	0.28	13.07
2020	125.00	(3.00)	(2.66)	10.17
2021	125.00	(1.73)	(1.84)	8.40
2022	125.00	(0.73)	(0.92)	7.56

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	23.09	26.46	1.36
Q2 2013	18.15	20.01	1.33
Q3 2013	34.66	39.81	1.85
Q4 2013	43.66	49.39	2.30
Q1 2014	44.37	44.32	2.43
Q2 2014	72.31	87.53	3.23
Q3 2014	47.84	62.05	3.30
Q4 2014	29.40	38.39	2.01
Q1 2015	16.28	46.54	2.18
Q2 2015	16.35	44.63	2.29
Q3 2015	8.31	15.56	1.43
Q4 2015	10.66	26.06	1.38
Q1 2016	16.57	17.45	0.98
Q2 2016	18.88	19.72	1.12
Q3 2016	15.25	15.27	0.92
Q4 2016	14.32	15.19	1.18
Q1 2017	17.85	17.91	1.18
Q2 2017	13.43	13.43	1.10
Q3 2017	17.30	17.30	1.11
Q4 2017	25.54	25.54	1.24
Q1 2018	28.26	28.26	1.24
Q2 2018	More than 100	60.24	1.18
Q3 2018	50.12	27.99	1.08
Q4 2018	85.48	36.28	1.10
Q1 2019	More than 100	43.02	1.14
Q2 2019	48.02	48.02	1.07
Q3 2019	54.93	54.93	1.23
Q4 2019	63.63	63.63	1.38
Q1 2020	More than 100	More than 100	0.93
Q2 2020	NEG	NEG	1.22
Q3 2020	NEG	NEG	1.69
Q4 2020	NEG	NEG	1.76
Q1 2021	NEG	NEG	2.67
Q2 2021	NEG	NEG	3.04
Q3 2021	NEG	NEG	2.97
Q4 2021	NEG	NEG	2.40
Q1 2022	NEG	NEG	2.68
Q2 2022	NEG	NEG	1.83
Q3 2022	NEG	NEG	1.81
Q4 2022	NEG	NEG	2.11

Period	P/E	Adjusted P/E	Price/book
2013	43.66	49.39	2.30
2014	29.40	38.39	2.01
2015	9.94	22.14	1.38
2016	14.32	15.19	1.18
2017	25.54	25.54	1.24
2018	85.48	36.28	1.10
2019	63.63	63.63	1.38
2020	NEG	NEG	1.76
2021	NEG	NEG	2.40
2022	NEG	NEG	2.11

Business Segments (Million)

Compared With The

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
Q1 2013	145.80	-	41.59	-	15.30	-
Q2 2013	188.07	-	51.54	-	17.43	-
Q3 2013	171.24	-	35.47	-	18.12	-
Q4 2013	152.60	-	112.75	-	17.94	-
Q1 2014	148.11	-	66.07	-	17.14	-
Q2 2014	149.33	-	59.60	-	20.84	-
Q3 2014	194.28	-	49.77	-	28.78	-
Q4 2014	156.70	-	106.80	-	21.79	-
Q1 2015	157.40	-	59.58	-	21.84	-
Q2 2015	171.90	-	50.46	-	30.58	-
Q3 2015	219.06	-	117.79	-	24.06	-
Q4 2015	151.02	-	60.98	-	37.32	-
Q1 2016	170.55	15.87	51.44	-	20.59	(1.45)
Q2 2016	184.82	19.26	55.78	-	22.91	-
Q3 2016	202.55	15.20	139.96	-	17.84	-
Q4 2016	187.31	28.68	80.22	-	(61.34)	-
Q1 2017	147.62	19.54	61.84	-	-	-
Q2 2017	192.41	17.44	60.57	-	23.76	-
Q3 2017	171.30	17.82	176.66	-	19.73	-
Q4 2017	177.41	21.94	81.17	-	(61.65)	-
Q1 2018	144.48	28.49	61.20	-	-	-
Q2 2018	193.89	57.80	73.77	-	-	-
Q3 2018	193.21	83.99	187.66	-	-	-
Q4 2018	143.61	233.37	53.99	-	-	-
Q1 2019	141.03	215.18	54.84	-	-	-
Q2 2019	185.83	187.00	56.04	-	-	-
Q3 2019	179.93	105.68	199.71	-	-	-
Q4 2019	160.19	167.11	59.35	-	-	-
Q1 2020	134.54	237.39	48.13	-	-	-
Q2 2020	13.62	94.72	14.40	-	-	-
Q3 2020	85.74	203.90	24.29	-	-	-
Q4 2020	116.26	174.54	22.13	-	-	-
Q1 2021	102.91	81.90	26.77	-	-	-
Q2 2021	99.49	112.47	34.42	-	-	-
Q3 2021	115.23	66.05	40.41	-	-	-
Q4 2021	155.06	71.94	52.10	1.96	-	(0.13)
Q1 2022	139.33	104.25	53.47	2.39	-	(0.12)
Q2 2022	168.89	70.06	66.61	5.40	0.22	(0.82)
Q3 2022	165.40	60.38	120.39	7.18	-	(0.15)
Q4 2022	157.30	98.47	92.66	9.60	-	(1.21)

Period	passenger transport segment	Public transportation project	Specialized Services	Digital mobility solutions	The main center	Consolidation adjustments & eliminations
2013	657.72	-	241.35	-	68.79	-
2014	648.42	-	282.23	-	88.55	-
2015	699.36	14.84	288.81	-	99.30	-
2016	745.22	79.01	327.41	-	-	-
2017	678.36	76.73	372.44	-	-	-
2018	675.19	403.65	376.62	-	-	-
2019	666.98	674.98	369.93	-	-	-
2020	350.17	710.54	108.95	-	-	-
2021	472.68	332.37	153.69	1.96	-	(0.13)
2022	630.92	333.16	333.12	24.57	-	(2.31)

Financial Ratios

	Current
Market Cap (M Riyal)	2,545.00
Enterprise Value (EV) (M)	3,536.66
Shares Outstanding ((M))	125.00
EPS ( Riyal) (TTM)	(0.57)
Book Value (BV) ( Riyal)	7.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.78
Return on Average Assets (%) (TTM)	(1.70 )
Return on Average Equity (%) (TTM)	(7.46 )

Saudi Public Transport Co. (SAPTCO)

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SAPTCO cuts 2022 net loss to SAR 90.9 mln; Q4 at SAR 93.3 mln

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Financials (M)

Current Quarter Comparison (M)

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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) 2022 Q4

Financial Ratios

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Saudi Public Transport Co. (SAPTCO)

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SAPTCO cuts 2022 net loss to SAR 90.9 mln; Q4 at SAR 93.3 mln

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Financials (M)

Current Quarter Comparison (M)

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) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Saudi Public Transport Co. (SAPTCO)

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Business Segments (Million)