- Saudi Arabia
- /
- Transportation
- /
- SASE:4261
Theeb Rent A Car Second Quarter 2024 Earnings: EPS: ر.س1.04 (vs ر.س0.70 in 2Q 2023)
Theeb Rent A Car (TADAWUL:4261) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س321.8m (up 14% from 2Q 2023).
- Net income: ر.س44.6m (up 49% from 2Q 2023).
- Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س1.04 (up from ر.س0.70 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Theeb Rent A Car Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Transportation industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 5.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Theeb Rent A Car (1 is a bit concerning) you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Theeb Rent A Car might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SASE:4261
Theeb Rent A Car
Provides car rental and leasing services in the Kingdom of Saudi Arabia.
Moderate growth potential and slightly overvalued.