Saudi Advanced posts net profit at SAR 25.1m at the end of 2013

31/12/2013 Argaam Exclusive

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Share Price

44.90
(0.15) (0.33 %)

Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Company, reported SAR 25.1m net profit at the end of 2013, compared to SAR 61.1m net loss last year, as shown in the following table:



Financials (M)

Item 2012 2013 Change‬
Revenues (38.38) 30.80 180.3 %
Gross Income (38.38) 30.80 180.3 %
Operating Income (42.52) 26.42 162.1 %
Net Income (62.11) 25.06 140.3 %
Average Shares 60.00 60.00 -
EPS (Riyals) (1.04) 0.42 140.3 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2012 Q4 2013 Change‬
Revenues (33.24) 6.64 120.0 %
Gross Income (33.24) 6.64 120.0 %
Operating Income (34.97) 4.79 113.7 %
Net Income (28.39) 4.58 116.1 %
Average Shares 60.00 60.00 -
EPS (Riyals) (0.47) 0.08 116.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2004 - - - - (0.02) 91.6 % 0.00
Q2 2004 - - - - (0.35) (77.7 %) (0.01)
Q3 2004 - - - - (0.24) (192.2 %) (0.01)
Q4 2004 - - - - (0.56) (18.1 %) (0.01)
Q1 2005 - - - - (0.23) (1,325.0 %) (0.01)
Q2 2005 - - - - 0.65 286.0 % 0.02
Q3 2005 - - - - (0.23) 3.8 % (0.01)
Q4 2005 - - - - 3.22 675.4 % 0.08
Q1 2006 - - - - 1.04 554.8 % 0.02
Q2 2006 - - - - 0.53 (18.6 %) 0.01
Q3 2006 - - - - (0.36) (55.9 %) (0.01)
Q4 2006 - - - - (0.78) (124.2 %) (0.02)
Q1 2007 - - - - 3.51 238.4 % 0.08
Q2 2007 - - - - 3.81 618.5 % 0.06
Q3 2007 - - - - 3.07 959.1 % 0.05
Q4 2007 - - - - 5.22 769.8 % 0.09
Q1 2008 5.07 - 5.07 - 4.40 25.3 % 0.07
Q2 2008 9.39 - 9.39 - 8.71 128.7 % 0.15
Q3 2008 6.36 - 6.36 - 4.39 43.0 % 0.07
Q4 2008 4.72 - 4.72 - 2.17 (58.5 %) 0.04
Q1 2009 6.58 29.8 % 6.58 29.8 % 6.19 40.7 % 0.10
Q2 2009 13.17 40.4 % 13.17 40.4 % 11.97 37.5 % 0.20
Q3 2009 11.47 80.4 % 11.47 80.4 % 10.46 138.5 % 0.17
Q4 2009 7.70 63.2 % 7.70 63.2 % 6.17 184.5 % 0.10
Q1 2010 3.62 (45.0 %) 3.62 (45.0 %) 2.60 (58.0 %) 0.04
Q2 2010 7.55 (42.7 %) 7.55 (42.7 %) 6.44 (46.2 %) 0.11
Q3 2010 2.36 (79.4 %) 2.36 (79.4 %) 1.74 (83.4 %) 0.03
Q4 2010 (0.23) (103.0 %) (0.23) (103.0 %) (0.84) (113.7 %) (0.01)
Q1 2011 1.12 (69.2 %) 1.12 (69.2 %) 0.17 (93.3 %) 0.00
Q2 2011 1.42 (81.2 %) 1.42 (81.2 %) 4.19 (34.9 %) 0.07
Q3 2011 (2.76) (216.8 %) (2.76) (216.8 %) (0.27) (115.7 %) 0.00
Q4 2011 8.81 3897.4 % 8.81 3897.4 % 5.70 776.3 % 0.10
Q1 2012 (1.55) (239.2 %) (1.55) (239.2 %) (3.20) (1952.0 %) (0.05)
Q2 2012 (2.96) (309.4 %) (2.96) (309.4 %) (26.17) (724.6 %) (0.44)
Q3 2012 (0.62) 77.4 % (0.62) 77.4 % (4.34) (1,488.3 %) (0.07)
Q4 2012 (33.24) (477.3 %) (33.24) (477.3 %) (28.39) (598.1 %) (0.47)
Q1 2013 4.83 411.3 % 4.83 411.3 % 3.24 201.1 % 0.05
Q2 2013 9.84 432.0 % 9.84 432.0 % 8.72 133.3 % 0.15
Q3 2013 9.50 1624.2 % 9.50 1624.2 % 8.52 296.5 % 0.14
Q4 2013 6.64 120.0 % 6.64 120.0 % 4.58 116.1 % 0.08
2013 30.80 180.3 % 30.80 180.3 % 25.06 140.3 % 0.42

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 100.00 % 41.27 % 325.29 %
Q2 2008 100.00 % 85.47 % 147.98 %
Q3 2008 100.00 % 85.49 % 109.10 %
Q4 2008 100.00 % 84.84 % 76.99 %
Q1 2009 100.00 % 84.43 % 79.31 %
Q2 2009 100.00 % 85.71 % 80.15 %
Q3 2009 100.00 % 89.69 % 85.64 %
Q4 2009 100.00 % 90.68 % 89.36 %
Q1 2010 100.00 % 89.79 % 86.74 %
Q2 2010 100.00 % 87.99 % 84.58 %
Q3 2010 100.00 % 83.65 % 79.81 %
Q4 2010 100.00 % 79.50 % 74.69 %
Q1 2011 100.00 % 75.76 % 69.52 %
Q2 2011 100.00 % 50.28 % 112.84 %
Q3 2011 100.00 % 593.44 % (710.50 %)
Q4 2011 100.00 % 51.93 % 114.05 %
Q1 2012 100.00 % 26.99 % 108.42 %
Q2 2012 100.00 % (204.03 %) (1556.96 %)
Q3 2012 100.00 % (23.51 %) (762.98 %)
Q4 2012 100.00 % 110.75 % 161.82 %
Q1 2013 100.00 % 112.79 % 173.99 %
Q2 2013 100.00 % 120.18 % 108.24 %
Q3 2013 100.00 % 146.97 % 87.28 %
Q4 2013 100.00 % 85.81 % 81.34 %
2013 100.00 % 85.80 % 81.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2004 42.18 (0.01) (0.01) 2.31
Q2 2004 42.18 (0.01) (0.01) 2.30
Q3 2004 42.18 (0.03) (0.03) 2.30
Q4 2004 42.18 (0.03) (0.03) 2.28
Q1 2005 42.18 (0.03) (0.03) 2.28
Q2 2005 42.18 (0.01) (0.01) 2.29
Q3 2005 42.18 (0.01) (0.01) 2.29
Q4 2005 42.18 0.08 0.08 2.36
Q1 2006 42.18 0.11 0.11 4.82
Q2 2006 42.18 0.11 0.11 4.02
Q3 2006 42.18 0.11 0.11 3.51
Q4 2006 42.18 0.01 0.01 2.93
Q1 2007 42.18 0.07 0.07 3.14
Q2 2007 60.00 0.10 0.10 12.80
Q3 2007 60.00 0.16 0.16 13.07
Q4 2007 60.00 0.26 0.26 13.67
Q1 2008 60.00 0.27 0.27 13.84
Q2 2008 60.00 0.36 0.36 13.90
Q3 2008 60.00 0.38 0.38 12.73
Q4 2008 60.00 0.33 0.33 11.70
Q1 2009 60.00 0.36 0.36 12.04
Q2 2009 60.00 0.41 0.41 12.29
Q3 2009 60.00 0.51 0.51 12.81
Q4 2009 60.00 0.58 0.58 12.93
Q1 2010 60.00 0.52 0.52 13.27
Q2 2010 60.00 0.43 0.43 13.34
Q3 2010 60.00 0.28 0.28 13.39
Q4 2010 60.00 0.17 0.17 13.87
Q1 2011 60.00 0.13 0.13 13.91
Q2 2011 60.00 0.09 0.09 13.93
Q3 2011 60.00 0.05 0.05 13.81
Q4 2011 60.00 0.16 0.16 13.74
Q1 2012 60.00 0.11 0.11 14.12
Q2 2012 60.00 (0.40) (0.40) 13.25
Q3 2012 60.00 (0.47) (0.47) 13.22
Q4 2012 60.00 (1.04) (1.04) 12.89
Q1 2013 60.00 (0.93) (0.93) 13.24
Q2 2013 60.00 (0.35) (0.35) 13.53
Q3 2013 60.00 (0.13) (0.13) 14.04
Q4 2013 60.00 0.42 0.42 14.75

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 NEG NEG 2.96
Q2 2004 NEG NEG 4.66
Q3 2004 NEG NEG 8.35
Q4 2004 NEG NEG 6.27
Q1 2005 NEG NEG 6.80
Q2 2005 NEG NEG 20.19
Q3 2005 NEG NEG 29.65
Q4 2005 More than 50 More than 50 27.31
Q1 2006 More than 50 More than 50 14.38
Q2 2006 More than 50 More than 50 21.73
Q3 2006 More than 50 More than 50 33.24
Q4 2006 More than 50 More than 50 11.37
Q1 2007 More than 50 More than 50 12.09
Q2 2007 More than 50 More than 50 1.38
Q3 2007 More than 50 More than 50 1.71
Q4 2007 More than 50 More than 50 1.74
Q1 2008 More than 50 More than 50 1.17
Q2 2008 44.97 44.97 1.15
Q3 2008 29.14 29.14 0.87
Q4 2008 22.10 22.10 0.62
Q1 2009 21.68 21.68 0.64
Q2 2009 22.93 22.93 0.77
Q3 2009 19.88 19.88 0.80
Q4 2009 17.41 17.41 0.78
Q1 2010 19.12 19.12 0.75
Q2 2010 20.30 20.30 0.65
Q3 2010 32.41 32.41 0.68
Q4 2010 More than 50 More than 50 0.71
Q1 2011 More than 50 More than 50 0.73
Q2 2011 More than 50 More than 50 0.77
Q3 2011 More than 50 More than 50 0.69
Q4 2011 More than 50 More than 50 0.80
Q1 2012 More than 50 More than 50 1.12
Q2 2012 NEG NEG 0.86
Q3 2012 NEG NEG 1.01
Q4 2012 NEG NEG 0.86
Q1 2013 NEG NEG 0.85
Q2 2013 NEG NEG 0.82
Q3 2013 NEG NEG 0.85
Q4 2013 31.92 31.92 0.90

Business Segments (Million)

Compared With The
Period Glass industry Petrochemical sector Petroleum and Energy Services sector Others..
Q3 2009 - - 9.85 1.62
Q4 2009 (2.98) - 10.33 (0.34)
Q1 2010 - - 2.00 1.62
Q2 2010 - - 7.55 -
Q3 2010 - - 2.36 -
Q4 2010 (3.25) - 3.43 (0.04)
Q1 2011 (0.65) - 1.76 -
Q2 2011 (1.96) - 7.01 -
Q3 2011 (2.76) - 3.39 -
Q4 2011 (2.82) - (0.54) -
Q1 2012 (2.43) - 0.87 -
Q2 2012 (3.87) - (13.63) (1.59)
Q3 2012 (3.86) - - 3.24
Q4 2012 (2.96) - (14.14) -
Q1 2013 (3.19) - 3.22 4.80
Q2 2013 0.45 - 9.39 0.04
Q3 2013 0.59 3.27 6.25 (0.61)
Q4 2013 2.75 - 3.88 -

Current
Market Cap (M Riyal) 2,694.00
Enterprise Value (EV) (M) 2,459.23
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 3.90
Book Value (BV) ( Riyal) 18.40
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 11.33
P/E (TTM) 11.52
Price/book 2.44
Return on Average Assets (%) (TTM) 22.7
Return on Average Equity (%) (TTM) 23.1

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