SAIC’s net profit up 7% in 9M 2019

28/10/2019 Argaam Exclusive

View other reports

Share Price

Saudi Advanced Industries Co.
44.90
(0.15) (0.33 %)

Saudi Advanced Industries Co. (SAIC)

More

Saudi Advanced Industries Co. (SAIC) reported a net profit of SAR 31.99 million for the first nine months of 2019, a 7.35 percent year-on-year increase on higher share from subsidiaries profits and higher dividends distribution.

 

There is however increase in general and administrative expenses, financial costs, and decrease in other revenues.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 34.09 39.71 16.5 %
Gross Income 34.09 39.71 16.5 %
Operating Income 30.44 32.97 8.3 %
Net Income 29.80 31.99 7.4 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.50 0.53 7.4 %

The company reported a net profit of SAR 11.5 million for Q3 2019, slightly below the same quarter last year due to higher general and administrative expenses as well as financial costs.

 

When compared to previous quarter, net profit fell 29.75 percent on lower dividend distributions, higher financial cost and lower other revenue.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 12.89 13.59 5.4 %
Gross Income 12.89 13.59 5.4 %
Operating Income 11.84 11.79 (0.4 %)
Net Income 11.54 11.50 (0.4 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 0.19 0.19 (0.4 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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
Q1 2014 8.03 66.2 % 8.03 66.2 % 6.01 85.7 % 0.10
Q2 2014 4.64 (52.9 %) 4.64 (52.9 %) (6.91) (179.3 %) (0.12)
Q3 2014 8.48 (10.7 %) 8.48 (10.7 %) 13.81 62.1 % 0.23
Q4 2014 6.16 (7.2 %) 6.16 (7.2 %) 2.32 (49.4 %) 0.04
Q1 2015 9.04 12.5 % 9.04 12.5 % 7.51 24.9 % 0.13
Q2 2015 8.15 75.7 % 8.15 75.7 % 7.26 205.0 % 0.12
Q3 2015 2.38 (71.9 %) 2.38 (71.9 %) 1.61 (88.3 %) 0.03
Q4 2015 (0.45) (107.3 %) (0.45) (107.3 %) (15.20) (756.2 %) (0.25)
Q1 2016 (1.93) (121.4 %) (1.93) (121.4 %) (3.75) (149.9 %) (0.06)
Q2 2016 11.74 44.1 % 11.74 44.1 % 9.96 37.2 % 0.17
Q3 2016 4.29 80.1 % 4.29 80.1 % 2.52 55.9 % 0.04
Q4 2016 4.58 1123.9 % 4.58 1123.9 % 2.15 114.1 % 0.04
Q1 2017 4.42 328.7 % 4.42 328.7 % 3.40 190.6 % 0.06
Q2 2017 8.35 (28.9 %) 8.35 (28.9 %) 7.56 (24.1 %) 0.13
Q3 2017 11.65 171.8 % 11.65 171.8 % 9.82 290.5 % 0.16
Q4 2017 10.20 122.8 % 10.20 122.8 % 9.81 356.4 % 0.16
Q1 2018 5.48 24.0 % 5.48 24.0 % 4.16 22.5 % 0.07
Q2 2018 15.71 88.3 % 15.71 88.3 % 14.10 86.5 % 0.23
Q3 2018 12.89 10.6 % 12.89 10.6 % 11.54 17.5 % 0.19
Q4 2018 10.45 2.5 % 10.45 2.5 % 7.13 (27.3 %) 0.12
Q1 2019 6.04 10.2 % 6.04 10.2 % 4.13 (0.8 %) 0.07
Q2 2019 20.08 27.8 % 20.08 27.8 % 16.37 16.1 % 0.27
Q3 2019 13.59 5.4 % 13.59 5.4 % 11.50 (0.4 %) 0.19

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q1 2014 100.00 % 86.84 % 84.08 %
Q2 2014 100.00 % 83.32 % 79.63 %
Q3 2014 100.00 % 82.14 % 104.30 %
Q4 2014 100.00 % 78.73 % 100.61 %
Q1 2015 100.00 % 78.51 % 99.65 %
Q2 2015 100.00 % 80.26 % 101.84 %
Q3 2015 100.00 % 74.64 % 75.64 %
Q4 2015 100.00 % 68.14 % 63.72 %
Q1 2016 100.00 % 26.22 % 11.28 %
Q2 2016 100.00 % 49.67 % 30.82 %
Q3 2016 100.00 % 56.63 % 33.12 %
Q4 2016 100.00 % 68.37 % 58.23 %
Q1 2017 100.00 % 76.76 % 72.00 %
Q2 2017 100.00 % 73.06 % 72.22 %
Q3 2017 100.00 % 79.67 % 79.07 %
Q4 2017 100.00 % 81.19 % 88.35 %
Q1 2018 100.00 % 82.01 % 87.86 %
Q2 2018 100.00 % 84.58 % 88.01 %
Q3 2018 100.00 % 85.48 % 89.43 %
Q4 2018 100.00 % 85.38 % 82.90 %
Q1 2019 100.00 % 84.72 % 81.80 %
Q2 2019 100.00 % 82.12 % 79.17 %
Q3 2019 100.00 % 80.91 % 77.99 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q1 2014 60.00 0.46 0.48 14.68
Q2 2014 60.00 0.20 0.38 14.58
Q3 2014 60.00 0.29 0.48 14.86
Q4 2014 60.00 0.25 0.46 13.08
Q1 2015 60.00 0.28 0.47 12.92
Q2 2015 60.00 0.51 0.54 13.53
Q3 2015 60.00 0.31 0.32 12.65
Q4 2015 60.00 0.02 0.20 11.62
Q1 2016 60.00 (0.17) 0.02 11.87
Q2 2016 60.00 (0.12) 0.06 12.25
Q3 2016 60.00 (0.11) 0.08 12.22
Q4 2016 60.00 0.18 0.18 12.59
Q1 2017 60.00 0.30 0.30 12.74
Q2 2017 60.00 0.26 0.26 12.74
Q3 2017 60.00 0.38 0.38 12.81
Q4 2017 60.00 0.51 0.51 12.87
Q1 2018 60.00 0.52 0.52 13.64
Q2 2018 60.00 0.63 0.63 13.94
Q3 2018 60.00 0.66 0.66 13.89
Q4 2018 60.00 0.62 0.62 13.12
Q1 2019 60.00 0.61 0.61 13.75
Q2 2019 60.00 0.65 0.65 13.51
Q3 2019 60.00 0.65 0.65 13.14

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
Q1 2014 34.09 33.19 1.08
Q2 2014 More than 50 49.40 1.30
Q3 2014 More than 50 41.17 1.34
Q4 2014 More than 50 30.20 1.06
Q1 2015 More than 50 32.47 1.18
Q2 2015 29.51 28.13 1.12
Q3 2015 35.37 34.00 0.87
Q4 2015 More than 50 More than 50 0.98
Q1 2016 NEG More than 50 0.72
Q2 2016 NEG More than 50 0.74
Q3 2016 NEG More than 50 0.55
Q4 2016 More than 50 More than 50 0.80
Q1 2017 37.63 37.63 0.89
Q2 2017 38.35 38.35 0.78
Q3 2017 28.53 28.53 0.85
Q4 2017 22.52 22.52 0.89
Q1 2018 21.63 21.63 0.83
Q2 2018 17.73 17.73 0.80
Q3 2018 15.62 15.62 0.74
Q4 2018 17.54 17.54 0.82
Q1 2019 19.21 19.21 0.86
Q2 2019 15.92 15.92 0.77
Q3 2019 17.24 17.24 0.86

Business Segments (Million)

Compared With The
Period Services and Invesments sector Glass industry Petrochemical sector Petroleum and Energy Services sector Others..
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 -
Q1 2014 - 1.49 6.54 - 0.01
Q2 2014 - 0.60 - - 4.52
Q3 2014 - 1.94 4.90 - 9.84
Q4 2014 - 1.53 - - 4.89
Q1 2015 3.25 - 4.90 - 0.95
Q2 2015 2.60 0.39 3.27 1.62 0.85
Q3 2015 4.93 - - - -
Q4 2015 2.23 - - - -
Q1 2016 - - 3.27 - 0.01
Q2 2016 4.58 - 4.90 3.24 -
Q3 2016 2.73 - - - 0.04
Q4 2016 3.15 1.09 - - 0.09
Q1 2017 3.09 - 4.90 - 0.79
Q2 2017 5.28 - - - 0.03
Q3 2017 3.02 - 4.90 5.06 -
Q4 2017 3.31 5.80 - - 0.03
Q1 2018 3.07 2.41 - - 0.03
Q2 2018 3.21 1.98 - - -
Q3 2018 2.86 4.31 5.72 - -
Q4 2018 3.81 6.64 - - -
Q1 2019 2.85 3.19 - - -
Q2 2019 5.42 3.06 6.54 - 0.02
Q3 2019 5.01 2.85 5.72 - 0.01


Financial Ratios
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
more

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.