Fawaz Abdulaziz Al Hokair Full Year 2023 Earnings: Misses Expectations

Fawaz Abdulaziz Al Hokair (TADAWUL:4240) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س5.23b (down 7.6% from FY 2022).
• Net loss: ر.س1.12b (down from ر.س177.1m profit in FY 2022).
• ر.س9.79 loss per share (down from ر.س1.54 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fawaz Abdulaziz Al Hokair Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Specialty Retail industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 2.8% from a week ago.

Valuation

It's possible that Fawaz Abdulaziz Al Hokair could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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