Raydan’s H1 profit falls 45% to SAR 12 mln

09/08/2017 Argaam Exclusive

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Raydan Restaurants and Cuisines Co. reported a net profit of SAR 12.45 million in the first half of 2017, a 44.5 percent drop year-on-year (YoY) on lower sales and a general drop of the sector.

Financials (M)

Item	6m 2016	6m 2017	Change‬
Revenues	149.54	132.21	(11.6 %)
Gross Income	39.58	26.69	(32.6 %)
Operating Income	24.83	13.44	(45.9 %)
Net Income	22.44	13.44	(40.1 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	1.61	0.97	(40.1 %)

The company’s net profit for the second quarter fell 45.2 percent YoY to SAR 5.8 million, also due to lower sales and a slowdown in the sector.

When compared to the previous quarter, Q2 2017 net profit rose 26.6 percent. The firm noted that Q1 2017 included IPO fees of SAR 2.07 million that was booked from gross operating profit according to the company’s external auditor while the actual amount was deducted from founding shareholders, which brings the Q1 net profit to SAR 6.65 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2016	Q2 2017	Change‬
Revenues	74.72	69.47	(7.0 %)
Gross Income	20.75	13.43	(35.3 %)
Operating Income	11.35	6.42	(43.4 %)
Net Income	10.58	6.56	(38.0 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	0.76	0.47	(38.0 %)

Item	Q1 2017	Q2 2017	Change‬
Revenues	62.74	69.47	10.7 %
Gross Income	13.25	13.43	1.4 %
Operating Income	7.02	6.42	(8.5 %)
Net Income	6.87	6.56	(4.5 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	0.49	0.47	(4.5 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	208.58	-	37.72	-	28.51	-	2.05
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	255.21	22.4 %	49.31	30.7 %	34.14	19.7 %	2.45
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	314.13	23.1 %	69.77	41.5 %	50.23	47.1 %	3.61
Q1 2016	74.82	-	18.82	-	11.86	-	0.85
Q2 2016	74.72	-	20.75	-	10.58	-	0.76
Q3 2016	85.21	-	19.68	-	14.07	-	1.01
Q4 2016	65.19	-	10.44	-	5.86	-	0.42
2016	299.93	(4.5 %)	73.27	5.0 %	42.45	(15.5 %)	3.05
Q1 2017	62.74	(16.1 %)	13.25	(29.6 %)	6.87	(42.0 %)	0.49
Q2 2017	69.47	(7.0 %)	13.43	(35.3 %)	6.56	(38.0 %)	0.47

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
2013	208.58	-	37.72	-	28.51	-	2.05
2014	255.21	22.4 %	49.31	30.7 %	34.14	19.7 %	2.45
2015	314.13	23.1 %	69.77	41.5 %	50.23	47.1 %	3.61
2016	299.93	(4.5 %)	73.27	5.0 %	42.45	(15.5 %)	3.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
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	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	18.08 %	16.20 %	13.67 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	19.32 %	17.32 %	13.38 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	22.21 %	20.86 %	15.99 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	23.24 %	21.35 %	14.98 %
2016	24.43 %	21.55 %	15.01 %
Q1 2017	22.28 %	20.06 %	14.59 %
Q2 2017	20.10 %	18.42 %	13.44 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	18.08 %	16.20 %	13.67 %
2014	19.32 %	17.32 %	13.38 %
2015	22.21 %	20.86 %	15.99 %
2016	24.43 %	21.55 %	15.01 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
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	25.16 %	23.18 %	15.85 %
Q2 2016	27.77 %	21.64 %	14.16 %
Q3 2016	23.10 %	18.47 %	16.51 %
Q4 2016	16.02 %	22.66 %	12.91 %
Q1 2017	21.12 %	17.62 %	14.25 %
Q2 2017	19.34 %	15.09 %	9.45 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	-	-	-	-
Q4 2009	-	-	-	-
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	13.92	-	-	18.35
Q2 2016	13.92	-	-	19.11
Q3 2016	13.92	-	-	20.08
Q4 2016	13.92	3.04	3.23	17.88
Q1 2017	13.92	2.69	3.02	18.36
Q2 2017	13.92	2.40	2.73	18.48

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	-	-	-	-
2008	-	-	-	-
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	13.92	2.05	2.05	7.91
2014	13.92	2.45	2.45	17.41
2015	13.92	3.61	3.61	17.50
2016	13.92	3.05	3.23	17.88

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
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	21.24	18.90	3.11
Q2 2017	16.86	14.80	2.19

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	524.89
Enterprise Value (EV) (M)	528.50
Shares Outstanding ((M))	15.81
EPS ( Riyal) (TTM)	(1.95)
Book Value (BV) ( Riyal)	9.75
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.41
Return on Average Assets (%) (TTM)	(11.29 )
Return on Average Equity (%) (TTM)	(18.22 )

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Raydan’s H1 profit falls 45% to SAR 12 mln

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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

Financial Ratios

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Raydan’s H1 profit falls 45% to SAR 12 mln

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

Financial Ratios

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