Stock Analysis
- Saudi Arabia
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- Healthcare Services
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- SASE:4009
Middle East Healthcare Full Year 2023 Earnings: EPS Misses Expectations
Middle East Healthcare (TADAWUL:4009) Full Year 2023 Results
Key Financial Results
- Revenue: ر.س2.65b (up 23% from FY 2022).
- Net income: ر.س180.2m (up 140% from FY 2022).
- Profit margin: 6.8% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: ر.س1.96 (up from ر.س0.82 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Middle East Healthcare EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare industry in Saudi Arabia.
Performance of the Saudi Healthcare industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Middle East Healthcare that you need to be mindful of.
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Find out whether Middle East Healthcare is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SASE:4009
Middle East Healthcare
Middle East Healthcare Company, a healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.
High growth potential with solid track record.