Jarir Marketing Co Consumer Staples

BUY
SAR 12.98
SAR 15.50
19%
  • 15,576.00
  • 1,200.00
  • 12.32 L H 15.04
  • 18,792,250

Financial

FY2021A FY2022A FY2023A FY2024E FY2025E
PE (x) 15.70 16.06 16.01 15.39 14.63
PB (x) 8.80 8.65 8.79 16.20 15.40
Dividend Yield (%) 5.78 6.16 6.47 6.01 6.16

Recent Research

  • Saudi Flag
    FIRST LOOK NOTES
    22 Oct 2024
    Jarir Marketing Co
    BUY
    SAR 13.30
    SAR 15.50
    +16.54%

    Saudi Equity Research - Jarir Marketing Company 3Q24 - First Look Note

    Discounts from smartphone vendors benefitted the bottom line
  • Saudi Flag
    FIRST LOOK NOTES
    19 Jul 2024
    Jarir Marketing Co
    BUY
    SAR 13.24
    SAR 15.50
    +17.07%

    Improvement in sales mix drives top-line

    The Company’s revenue increased 8.8% YOY to SAR 2,650 Mn in 2Q24 attributable to a growth in the sale of smartphones, computers, televisions, and video games.
  • Saudi Flag
    FIRST LOOK NOTES
    25 Apr 2024
    Jarir Marketing Co
    BUY
    SAR 13.90
    SAR 16.50
    +18.71%

    Expansion of the showroom network to drive revenue growth

    Jarir Marketing Co (“JARIR”, “The Company”) reported an 11.5% YOY decline in net profit to SAR 219 Mn in 1Q24, lower than our estimate of SAR 244 Mn.
  • Saudi Flag
    FIRST LOOK NOTES
    05 Feb 2024
    Jarir Marketing Co
    BUY
    SAR 15.20
    SAR 17.50
    +15.13%

    Strong revenue growth and higher operating profit offset the decline in margins

    Jarir’s revenue grew 8.7% YOY to SAR 2,802 Mn in 4Q23, attributable to growth in the sales of video games, smartphones and computer segments.
  • Saudi Flag
    FIRST LOOK NOTES
    13 Oct 2023
    Jarir Marketing Co
    BUY
    SAR 14.96
    SAR 17.50
    +16.98%

    Lower expenses on advertisement and promotional offers boosted profit

    Jarir’s revenue grew 4.8% YOY to SAR 2,639 Mn in 3Q23 attributable to growth in all the segments, particularly in computer and video game sections.The Company opened new store in Jeddah with a total area of 4,340 sq mt after which its total store count reached to total of 71 stores of which 61 store are located in KSA
  • Saudi Flag
    FIRST LOOK NOTES
    20 Jul 2023
    Jarir Marketing Co
    HOLD
    SAR 16.00
    SAR 17.50
    +9.38%

    Discounting & product mix dragged profitability

    Jarir Marketing Co (“JARIR”, “The Company”) reported 12.1% YOY decline in net profit to SAR 156 Mn in 2Q23, lower than our estimate of SAR 184 Mn.

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