Baazeem net profit rises 5% in H1 2019

25/08/2019 Argaam Exclusive

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Baazeem Trading Co.’s net profit after zakat and tax rose by 4.8 percent year-on-year (YoY) to SAR 12.4 million for H1 2019 due to higher sales, and rationalization of marketing and selling expenses.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	81.36	131.40	61.5 %
Gross Income	36.62	42.58	16.3 %
Operating Income	7.07	15.62	120.8 %
Net Income	5.34	12.38	131.8 %
Average Shares	10.13	10.13	-
EPS (Riyals)	0.53	1.22	131.8 %

Net profit after zakat and tax in Q2 2019 was almost flat at SAR 5.35 million compared to net profit of SAR 5.34 million a year earlier. The marginal increase of 0.4 percent YoY came on rationalization of marketing and selling expenses.

Q2 2019 net profit dropped 23.6 percent compared to the previous quarter as Baazeem reclassified the board of directors’ remunerations under general and administrative expenses in the current quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	81.36	66.71	(18.0 %)
Gross Income	36.62	21.18	(42.2 %)
Operating Income	7.07	6.90	(2.5 %)
Net Income	5.34	5.36	0.4 %
Average Shares	10.13	10.13	-
EPS (Riyals)	0.53	0.53	0.4 %

Item	Q1 2019	Q2 2019	Change‬
Revenues	64.69	66.71	3.1 %
Gross Income	21.41	21.18	(1.1 %)
Operating Income	8.72	6.90	(20.9 %)
Net Income	7.02	5.36	(23.7 %)
Average Shares	10.13	10.13	-
EPS (Riyals)	0.69	0.53	(23.7 %)

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	-	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	300.33	-	120.43	-	32.17	-	3.18
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	316.51	5.4 %	128.31	6.5 %	32.91	2.3 %	3.25
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	77.25	-	33.87	-	10.86	-	1.07
Q4 2015	104.19	-	45.12	-	9.07	-	0.90
2015	344.39	8.8 %	146.58	14.2 %	36.91	12.1 %	3.65
Q1 2016	77.45	-	33.22	-	5.89	-	0.58
Q2 2016	96.96	-	41.83	-	10.70	-	1.06
Q3 2016	75.39	(2.4 %)	31.35	(7.4 %)	7.23	(33.5 %)	0.71
Q4 2016	93.68	(10.1 %)	42.49	(5.8 %)	9.38	3.4 %	0.93
2016	343.48	(0.3 %)	148.90	1.6 %	33.20	(10.0 %)	3.28
Q1 2017	76.35	(1.4 %)	26.08	(21.5 %)	6.36	7.9 %	0.63
Q2 2017	95.25	(1.8 %)	48.57	16.1 %	11.45	7.0 %	1.13
Q3 2017	66.28	(12.1 %)	25.54	(18.5 %)	3.95	(45.4 %)	0.39
Q4 2017	92.66	(1.1 %)	37.10	(12.7 %)	2.80	(70.2 %)	0.28
2017	330.53	(3.8 %)	126.05	(15.3 %)	24.55	(26.0 %)	2.42
Q1 2018	71.36	(6.5 %)	28.69	10.0 %	6.47	1.7 %	0.64
Q2 2018	81.36	(14.6 %)	36.62	(24.6 %)	5.34	(53.4 %)	0.53
Q3 2018	65.86	(0.6 %)	26.65	4.3 %	3.66	(7.3 %)	0.36
Q4 2018	83.83	(9.5 %)	32.44	(12.6 %)	4.99	78.5 %	0.49
2018	302.41	(8.5 %)	124.40	(1.3 %)	20.45	(16.7 %)	2.02
Q1 2019	64.69	(9.4 %)	21.41	(25.4 %)	7.02	8.5 %	0.69
Q2 2019	66.71	(18.0 %)	21.18	(42.2 %)	5.36	0.4 %	0.53

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
2013	300.33	-	120.43	-	32.17	-	3.18
2014	316.51	5.4 %	128.31	6.5 %	32.91	2.3 %	3.25
2015	344.39	8.8 %	146.58	14.2 %	36.91	12.1 %	3.65
2016	343.48	(0.3 %)	148.90	1.6 %	33.20	(10.0 %)	3.28
2017	330.53	(3.8 %)	126.05	(15.3 %)	24.55	(26.0 %)	2.42
2018	302.41	(8.5 %)	124.40	(1.3 %)	20.45	(16.7 %)	2.02

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	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	40.10 %	-	10.71 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	40.54 %	12.50 %	10.40 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	42.56 %	12.27 %	10.72 %
Q1 2016	-	-	-
Q2 2016	43.29 %	11.98 %	10.26 %
Q3 2016	42.80 %	10.50 %	9.29 %
Q4 2016	43.35 %	10.63 %	9.67 %
2016	43.35 %	10.63 %	9.67 %
Q1 2017	41.40 %	10.81 %	9.83 %
Q2 2017	43.59 %	10.79 %	10.10 %
Q3 2017	43.04 %	10.56 %	9.39 %
Q4 2017	41.54 %	9.84 %	7.43 %
2017	38.14 %	9.84 %	7.43 %
Q1 2018	42.98 %	10.24 %	7.58 %
Q2 2018	41.06 %	8.94 %	5.95 %
Q3 2018	41.47 %	9.80 %	5.87 %
Q4 2018	41.14 %	10.38 %	6.76 %
2018	41.14 %	9.79 %	6.76 %
Q1 2019	39.60 %	10.95 %	7.10 %
Q2 2019	36.17 %	11.26 %	7.48 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	40.10 %	-	10.71 %
2014	40.54 %	12.50 %	10.40 %
2015	42.56 %	12.27 %	10.72 %
2016	43.35 %	10.63 %	9.67 %
2017	38.14 %	9.84 %	7.43 %
2018	41.14 %	9.79 %	6.76 %

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	43.84 %	15.79 %	14.06 %
Q4 2015	43.30 %	9.26 %	8.71 %
Q1 2016	42.90 %	8.96 %	7.61 %
Q2 2016	43.14 %	14.27 %	11.04 %
Q3 2016	41.58 %	8.93 %	9.58 %
Q4 2016	45.36 %	9.59 %	10.01 %
Q1 2017	34.16 %	9.76 %	8.33 %
Q2 2017	51.00 %	14.27 %	12.02 %
Q3 2017	38.53 %	7.51 %	5.95 %
Q4 2017	40.04 %	7.04 %	3.02 %
Q1 2018	40.21 %	11.56 %	9.06 %
Q2 2018	45.01 %	9.97 %	6.56 %
Q3 2018	40.46 %	11.57 %	5.55 %
Q4 2018	38.69 %	8.86 %	5.95 %
Q1 2019	33.09 %	14.25 %	10.85 %
Q2 2019	31.74 %	11.08 %	8.03 %

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	10.13	-	-	16.39
Q4 2015	10.13	-	-	17.16
Q1 2016	10.13	-	-	17.75
Q2 2016	10.13	3.61	3.61	16.68
Q3 2016	10.13	3.25	3.25	17.39
Q4 2016	10.13	3.28	3.28	18.32
Q1 2017	10.13	3.32	3.32	18.93
Q2 2017	10.13	3.40	3.40	18.04
Q3 2017	10.13	3.08	3.08	18.33
Q4 2017	10.13	2.42	2.42	18.85
Q1 2018	10.13	2.44	2.44	19.49
Q2 2018	10.13	1.83	1.83	18.31
Q3 2018	10.13	1.80	1.80	18.68
Q4 2018	10.13	2.02	2.02	19.17
Q1 2019	10.13	2.07	2.07	19.86
Q2 2019	10.13	2.08	2.08	18.89

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	10.13	3.18	3.18	15.01
2014	10.13	3.25	3.25	15.86
2015	10.13	3.65	3.65	17.16
2016	10.13	3.28	3.28	18.32
2017	10.13	2.42	2.42	18.85
2018	10.13	2.02	2.02	19.17

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	10.47	10.47	1.84
Q2 2017	7.68	7.68	1.45
Q3 2017	8.07	8.07	1.35
Q4 2017	11.43	11.43	1.47
Q1 2018	9.82	9.82	1.23
Q2 2018	14.58	14.58	1.46
Q3 2018	13.59	13.59	1.31
Q4 2018	14.41	14.41	1.52
Q1 2019	14.08	14.08	1.47
Q2 2019	14.26	14.26	1.57

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	11.43	11.43	1.47
2018	14.41	14.41	1.52

Financial Ratios

	Current
Market Cap (M Riyal)	685.80
Enterprise Value (EV) (M)	657.83
Shares Outstanding ((M))	10.13
EPS ( Riyal) (TTM)	2.14
Book Value (BV) ( Riyal)	19.17
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	31.68
P/E (TTM)	31.68
Price/book	3.53
Return on Average Assets (%) (TTM)	8.8
Return on Average Equity (%) (TTM)	11.3

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Baazeem net profit rises 5% in H1 2019

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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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Baazeem net profit rises 5% in H1 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

Financial Ratios

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