09/11/2022
Argaam Exclusive











Kingdom Holding Co. (KHC) posted a net profit after Zakat and tax of SAR 6.707 billion for the first nine months of 2022, compared with SAR 612 million a year earlier.










This improvement was mainly due to gain on a partial sale of equity in an investee that was recorded in Q1 2022, as well as growth in hotel and other operating revenues, and increased dividend income.




The firm also recorded a net profit of SAR 354.8 million in Q3 2022, soaring from SAR 108.6 million in the corresponding period last year, driven by an increase in dividend income, as well as hotel and other operating revenues, in addition to a rise in share of results from equity-accounted investees.




On a sequential basis, Q3 net profit slumped 17% from SAR 427.15 million.







Current Quarter Comparison (M)
























Item Q3 2021 Q3 2022 Change‬
Revenues

338.28


649.30
91.9 %
Gross Income

154.37


433.71
180.9 %
Operating Income

245.78


584.25
137.7 %
Net Income

108.69


354.80
226.4 %
Average Shares

3,705.88


3,705.88
EPS (Riyals)

0.03


0.10
226.4 %




Shareholders’ equity, after minority interest, reached SAR 28.812 billion as of Sept. 30, 2022, compared with SAR 32.508 billion a year earlier. 











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Share Price














Kingdom Holding Company (Kingdom )




































Current
Market Cap (M Riyal) 29,461.76
Enterprise Value (EV) (M) 43,585.23
Book Value (BV) ( Riyal) 7.77
Adjusted P/E (Last12) 23.78
P/E (TTM) 4.14
Price/book 1.02
Return on Average Assets (%) (TTM) 14.0
Return on Average Equity (%) (TTM) 23.2


















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