National Building posts 31% profit decline in 6M 2019

24/10/2019 Argaam Exclusive

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National Building & Marketing Co. reported a net profit after zakat and tax of SAR 8.56 million for the first six months of 2019, down 31.4 percent year-on-year (YoY), driven by lower sales revenue and higher expenses.



Financials (M)

Item 6m 2018 6m 2019 Change‬
Revenues 80.51 79.68 (1.0 %)
Gross Income 16.38 13.91 (15.1 %)
Operating Income 13.54 11.99 (11.4 %)
Net Income 12.47 8.56 (31.4 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 1.04 0.71 (31.4 %)

The company’s net profit after zakat and tax for Q2 2019 increased 5.9 percent YoY to SAR 5.5 million, due to higher sales revenue and lower cost of sales.

 

On a sequential basis, Q2 2019 net profit jumped by 77.6 percent.



Current Quarter Comparison (M)

Compared With The
Item Q2 2018 Q2 2019 Change‬
Revenues 37.54 41.41 10.3 %
Gross Income 6.60 6.41 (2.8 %)
Operating Income 5.17 5.52 6.7 %
Net Income 5.17 5.47 5.9 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.43 0.46 5.9 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 41.69 - 9.08 - 8.07 - 0.67
Q2 2017 39.56 - 5.61 - 3.15 - 0.26
Q3 2017 40.30 - 7.39 - 9.14 - 0.76
Q4 2017 46.81 - 3.78 - 6.44 - 0.54
Q1 2018 42.97 3.1 % 9.78 7.7 % 7.31 (9.4 %) 0.61
Q2 2018 37.54 (5.1 %) 6.60 17.7 % 5.17 64.2 % 0.43
Q3 2018 40.06 (0.6 %) 6.70 (9.4 %) 7.66 (16.2 %) 0.64
Q4 2018 46.55 (0.6 %) 7.97 110.5 % 3.99 (38.1 %) 0.33
Q1 2019 38.27 (10.9 %) 7.50 (23.4 %) 3.08 (57.8 %) 0.26
Q2 2019 41.41 10.3 % 6.41 (2.8 %) 5.47 5.9 % 0.46

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 21.78 % 22.60 % 19.35 %
Q2 2017 18.08 % 16.65 % 13.80 %
Q3 2017 18.17 % 16.23 % 16.75 %
Q4 2017 15.36 % - 15.92 %
Q1 2018 15.66 % 13.15 % 15.35 %
Q2 2018 16.44 % 14.63 % 16.74 %
Q3 2018 16.05 % 14.63 % 15.87 %
Q4 2018 18.58 % - 14.43 %
Q1 2019 17.71 % 14.08 % 12.25 %
Q2 2019 17.18 % 13.82 % 12.15 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 12.00 - - 3.56
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 12.00 - - 6.08
Q1 2017 12.00 0.67 0.67 6.35
Q2 2017 12.00 0.93 0.93 -
Q3 2017 12.00 1.70 1.70 -
Q4 2017 12.00 2.23 2.23 8.24
Q1 2018 12.00 2.17 2.17 8.91
Q2 2018 12.00 2.34 2.34 8.54
Q3 2018 12.00 2.21 2.21 9.09
Q4 2018 12.00 2.01 2.01 10.62
Q1 2019 12.00 1.66 1.66 10.88
Q2 2019 12.00 1.68 1.68 11.33

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 9.41 9.41 2.58
Q3 2018 9.94 9.94 2.42
Q4 2018 10.95 10.95 2.07
Q1 2019 More than 100 More than 100 16.55
Q2 2019 More than 100 More than 100 15.88

Current
Market Cap (M Riyal) 2,676.00
Enterprise Value (EV) (M) 3,045.37
Shares Outstanding ((M)) 12.00
Book Value (BV) ( Riyal) 24.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 9.05

Share Price

National Building and Marketing Co. (NBM)


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