Stock Analysis

Fawaz Abdulaziz Al Hokair Second Quarter 2023 Earnings: Revenues Miss Expectations

  •  Updated
SASE:4240
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Fawaz Abdulaziz Al Hokair (TADAWUL:4240) Second Quarter 2023 Results

Key Financial Results
  • Revenue: ر.س1.37b (flat on 2Q 2022).
  • Net income: ر.س22.1m (up 1.7% from 2Q 2022).
  • Profit margin: 1.6% (in line with 2Q 2022).
earnings-and-revenue-growth
SASE:4240 Earnings and Revenue Growth November 13th 2022

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

Fawaz Abdulaziz Al Hokair Revenues Disappoint

Revenue missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 7.7% from a week ago.

Risk Analysis

Be aware that Fawaz Abdulaziz Al Hokair is showing 3 warning signs in our investment analysis and 1 of those can't be ignored...

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About SASE:4240

Fawaz Abdulaziz Al Hokair

Fawaz Abdulaziz Al Hokair & Company, together with its subsidiaries, operates as a franchise retailer of fashion products in the Kingdom of Saudi Arabia, Jordan, Egypt, the Republic of Kazakhstan, the United States, the Republic of Azerbaijan, Georgia, Armenia, and Morocco.

Reasonable growth potential with acceptable track record.