Al-Samaani posts SAR 367,000 loss in 9M 2019

21/11/2019 Argaam Exclusive

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Al-Samaani Factory for Metal Industries Co. posted a net loss after zakat and tax of SAR 367,000 during the first nine months of 2019, against a net profit of SAR 3.21 million a year earlier, the company said in a bourse filing.

The company attributed the losses to lower selling prices amid fierce competition, in addition to higher selling, general, administrative and marketing expenses.

Financials (M)

Item	9m 2018	9m 2019	Change‬
Revenues	31.88	30.85	(3.2 %)
Gross Income	10.37	7.53	(27.4 %)
Operating Income	3.47	(0.35)	(109.9 %)
Net Income	3.21	(0.37)	(111.4 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.02	0.00	(111.4 %)

In Q3 2019, Al-Samaani’s net profits fell by 70.4% year-on-year (YoY) to SAR 255,000 due to fierce competition and a decline in selling prices.

When compared to the previous quarter, net profit jumped 12.8%, thanks to higher sales volumes.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2018	Q3 2019	Change‬
Revenues	9.26	12.05	30.1 %
Gross Income	3.17	3.13	(1.3 %)
Operating Income	0.93	0.37	(59.7 %)
Net Income	0.86	0.26	(70.4 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.01	0.00	(70.4 %)

Item	Q2 2019	Q3 2019	Change‬
Revenues	11.02	12.05	9.4 %
Gross Income	2.66	3.13	17.7 %
Operating Income	0.16	0.37	128.0 %
Net Income	0.23	0.26	12.3 %
Average Shares	153.96	153.96	-
EPS (Riyals)	0.00	0.00	12.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	35.70	-	6.12	-	2.49	-	0.02
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.40	(3.8 %)	0.02
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	45.72	42.4 %	9.10	25.1 %	2.93	22.1 %	0.02
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	48.26	5.5 %	15.39	69.1 %	4.81	64.2 %	0.04
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.10	47.6 %	0.06
Q1 2017	14.75	-	6.39	-	2.57	-	0.02
Q2 2017	9.04	-	3.16	-	1.08	-	0.01
Q3 2017	10.64	-	3.37	-	1.14	-	0.01
Q4 2017	11.76	-	4.36	-	0.89	-	0.01
2017	46.19	20.2 %	17.28	18.5 %	5.68	(19.9 %)	0.04
Q1 2018	11.94	(19.1 %)	4.06	(36.4 %)	1.52	(41.0 %)	0.01
Q2 2018	10.68	18.2 %	3.14	(0.6 %)	0.83	(22.9 %)	0.01
Q3 2018	9.26	(13.0 %)	3.17	(6.0 %)	0.86	(24.6 %)	0.01
Q4 2018	7.65	(34.9 %)	0.41	(90.5 %)	(2.75)	(409.7 %)	(0.02)
2018	39.53	(14.4 %)	10.78	(37.6 %)	0.46	(91.9 %)	0.00
Q1 2019	7.78	(34.8 %)	1.75	(57.0 %)	(0.85)	(156.0 %)	(0.01)
Q2 2019	11.02	3.2 %	2.66	(15.5 %)	0.23	(72.7 %)	0.00
Q3 2019	12.05	30.1 %	3.13	(1.3 %)	0.26	(70.4 %)	0.00

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	35.70	-	6.12	-	2.49	-	0.02
2013	32.11	(10.1 %)	7.28	18.8 %	2.40	(3.8 %)	0.02
2014	45.72	42.4 %	9.10	25.1 %	2.93	22.1 %	0.02
2015	48.26	5.5 %	15.39	69.1 %	4.81	64.2 %	0.04
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.10	47.6 %	0.06
2017	46.19	20.2 %	17.28	18.5 %	5.68	(19.9 %)	0.04
2018	39.53	(14.4 %)	10.78	(37.6 %)	0.46	(91.9 %)	0.00

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	17.15 %	8.28 %	6.98 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	22.66 %	11.52 %	7.47 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	19.90 %	9.67 %	6.40 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	31.88 %	14.56 %	9.96 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	37.96 %	21.43 %	18.48 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	37.41 %	16.36 %	12.30 %
2017	37.41 %	16.37 %	12.30 %
Q1 2018	34.47 %	13.95 %	10.67 %
Q2 2018	33.17 %	12.90 %	9.74 %
Q3 2018	33.75 %	12.45 %	9.40 %
Q4 2018	27.28 %	6.11 %	3.24 %
2018	27.28 %	6.11 %	3.24 %
Q1 2019	23.94 %	(0.14 %)	(3.07 %)
Q2 2019	22.35 %	(1.91 %)	(4.74 %)
Q3 2019	20.62 %	(3.10 %)	(5.97 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	17.15 %	8.28 %	6.98 %
2013	22.66 %	11.52 %	7.47 %
2014	19.90 %	9.67 %	6.40 %
2015	31.88 %	14.56 %	9.96 %
2016	37.96 %	21.43 %	18.48 %
2017	37.41 %	16.37 %	12.30 %
2018	27.28 %	6.11 %	3.24 %

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	43.32 %	23.37 %	17.43 %
Q2 2017	34.96 %	15.37 %	11.95 %
Q3 2017	31.68 %	15.07 %	10.74 %
Q4 2017	37.06 %	9.51 %	7.56 %
Q1 2018	34.03 %	16.25 %	12.72 %
Q2 2018	29.41 %	10.72 %	7.80 %
Q3 2018	34.20 %	13.27 %	9.31 %
Q4 2018	5.40 %	(24.80 %)	(25.23 %)
Q1 2019	22.44 %	(6.76 %)	(10.93 %)
Q2 2019	24.09 %	4.66 %	2.06 %
Q3 2019	25.94 %	5.95 %	2.12 %

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	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	153.96	-	-	0.23
Q2 2017	153.96	-	-	0.24
Q3 2017	153.96	-	-	0.25
Q4 2017	153.96	0.04	0.04	0.25
Q1 2018	153.96	0.03	0.03	0.26
Q2 2018	153.96	0.03	0.03	0.25
Q3 2018	153.96	0.03	0.03	0.26
Q4 2018	153.96	0.00	0.01	0.24
Q1 2019	153.96	(0.01)	(0.01)	0.23
Q2 2019	153.96	(0.02)	(0.01)	0.22
Q3 2019	153.96	(0.02)	(0.01)	0.22

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	123.17	0.02	0.02	0.06
2013	123.17	0.02	0.02	0.06
2014	123.17	0.02	0.02	0.09
2015	123.17	0.04	0.04	0.09
2016	123.17	0.06	0.06	0.14
2017	153.96	0.04	0.04	0.25
2018	153.96	0.00	0.01	0.24

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	-	-	5.28
Q2 2017	-	-	4.24
Q3 2017	-	-	3.30
Q4 2017	24.63	24.63	3.61
Q1 2018	29.79	29.79	3.46
Q2 2018	31.84	31.84	3.58
Q3 2018	31.18	31.18	3.21
Q4 2018	More than 50	More than 50	3.14
Q1 2019	NEG	NEG	3.97
Q2 2019	NEG	NEG	3.71
Q3 2019	NEG	NEG	3.49

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	24.63	24.63	3.61
2018	More than 50	More than 50	3.14

Business Segments (Million)

Compared With The

Period	Steel	Wood	Others..	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
Q1 2017	10.20	3.52	1.03	-	-	-	-
Q2 2017	6.87	1.89	0.28	-	-	-	-
Q3 2017	6.69	1.99	1.96	-	-	-	-
Q1 2018	9.11	1.69	1.13	-	-	-	-
Q2 2018	7.56	1.60	1.52	-	-	-	-
Q3 2018	6.90	1.49	0.87	-	-	-	-
Q4 2018	4.74	1.70	1.21	-	-	-	-
Q1 2019	5.51	2.08	0.19	-	-	-	-
Q2 2019	7.64	2.46	0.93	-	-	-	-
Q3 2019	7.24	2.52	2.28	-	-	-	-

Period	Steel	Wood	Others..	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
2014	-	-	-	29.75	12.07	3.46	0.44
2015	-	-	-	33.32	9.68	4.23	1.03
2016	-	-	-	26.50	8.32	3.53	0.07
2017	32.79	8.36	5.05	-	-	-	-
2018	28.32	6.48	4.73	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	640.50
Enterprise Value (EV) (M)	600.69
Shares Outstanding ((M))	175.00
Book Value (BV) ( Riyal)	0.98
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
Price/book	3.73

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Al-Samaani posts SAR 367,000 loss in 9M 2019

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Share Price

Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Al-Samaani posts SAR 367,000 loss in 9M 2019

View other reports

Share Price

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2019

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Business Segments (Million)