Astra’s Q1 net profit rises 29%

10/05/2018 Argaam Exclusive

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Share Price

161.00
2.20 1.39 %

Astra Industrial Group (ASTRA INDUSTRIAL)

Astra Industrial Group reported a net profit of SAR 25.5 million for Q1 2018, an increase of 29.3 percent year-on-year (YoY), backed by lower loss share from the company’s joint venture from, along with a decline in financing charges and zakat expenses.

The Q1 net profit, however, fell 11.6 percent quarter-on-quarter, on higher zakat expenses in all segments and a decline in other income from the pharmaceuticals business.



Current Quarter Comparison (M)

Compared With The
Item Q1 2017 Q1 2018 Change‬
Revenues 512.43 476.82 (6.9 %)
Gross Income 220.92 191.50 (13.3 %)
Operating Income 52.98 44.36 (16.3 %)
Net Income 19.74 25.53 29.3 %
Average Shares 80.00 80.00 -
EPS (Riyals) 0.25 0.32 29.3 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2009 231.27 (1.2 %) 108.74 (0.2 %) 49.23 (17.3 %) 0.62
Q2 2009 256.59 7.1 % 108.08 1.4 % 50.74 8.6 % 0.63
Q3 2009 228.37 (14.6 %) 105.09 (4.1 %) 54.23 0.7 % 0.68
Q4 2009 255.30 2.2 % 120.14 27.5 % 49.84 93.8 % 0.62
Q1 2010 276.32 19.5 % 126.93 16.7 % 57.88 17.6 % 0.72
Q2 2010 276.03 7.6 % 126.08 16.7 % 61.46 21.1 % 0.77
Q3 2010 260.98 14.3 % 121.38 15.5 % 80.65 48.7 % 1.01
Q4 2010 307.13 20.3 % 110.67 (7.9 %) 59.00 18.4 % 0.74
Q1 2011 356.77 29.1 % 141.28 11.3 % 62.04 7.2 % 0.78
Q2 2011 373.14 35.2 % 146.07 15.9 % 67.28 9.5 % 0.84
Q3 2011 334.40 28.1 % 139.61 15.0 % 58.49 (27.5 %) 0.73
Q4 2011 340.93 11.0 % 138.10 24.8 % 63.77 8.1 % 0.80
Q1 2012 391.50 9.7 % 155.53 10.1 % 64.08 3.3 % 0.80
Q2 2012 376.88 1.0 % 155.50 6.5 % 68.50 1.8 % 0.86
Q3 2012 317.94 (4.9 %) 152.83 9.5 % 46.66 (20.2 %) 0.58
Q4 2012 410.00 20.3 % 154.06 11.6 % 63.43 (0.5 %) 0.79
Q1 2013 454.19 16.0 % 174.40 12.1 % 68.32 6.6 % 0.85
Q2 2013 447.54 18.7 % 178.71 14.9 % 61.72 (9.9 %) 0.77
Q3 2013 360.22 13.3 % 157.84 3.3 % 50.69 8.7 % 0.63
Q4 2013 509.48 24.3 % 169.90 10.3 % 72.41 14.1 % 0.91
Q1 2014 498.90 9.8 % 184.96 6.1 % 63.06 (7.7 %) 0.79
Q2 2014 453.23 1.3 % 136.47 (23.6 %) 3.07 (95.0 %) 0.04
Q3 2014 439.81 22.1 % 125.94 (20.2 %) 17.91 (64.7 %) 0.22
Q4 2014 491.79 (3.5 %) 158.77 (6.5 %) 25.72 (64.5 %) 0.32
Q1 2015 489.36 (1.9 %) 181.61 (1.8 %) 42.11 (33.2 %) 0.53
Q2 2015 461.99 1.9 % 162.98 19.4 % 20.10 554.8 % 0.25
Q3 2015 381.83 (13.2 %) 130.00 3.2 % 9.46 (47.2 %) 0.12
Q4 2015 422.92 (14.0 %) 107.80 (32.1 %) (65.19) (353.4 %) (0.81)
Q1 2016 503.31 2.9 % 224.54 23.6 % 12.80 (69.6 %) 0.16
Q2 2016 444.56 (3.8 %) 190.17 16.7 % (10.60) (152.8 %) (0.13)
Q3 2016 389.16 1.9 % 180.23 38.6 % (25.34) (367.9 %) (0.32)
Q4 2016 404.48 (4.4 %) 185.42 72.0 % (70.80) (8.6 %) (0.88)
Q1 2017 512.43 1.8 % 220.92 (1.6 %) 19.74 54.3 % 0.25
Q2 2017 428.52 (3.6 %) 198.92 4.6 % 7.00 166.0 % 0.09
Q3 2017 398.37 2.4 % 171.28 (5.0 %) 2.58 110.2 % 0.03
Q4 2017 456.35 12.8 % 165.46 (10.8 %) 28.88 140.8 % 0.36
Q1 2018 476.82 (6.9 %) 191.50 (13.3 %) 25.53 29.3 % 0.32

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 42.42 % 19.13 % 17.57 %
Q2 2009 41.85 % 18.11 % 17.40 %
Q3 2009 43.07 % 18.44 % 17.85 %
Q4 2009 45.50 % 19.94 % 19.92 %
Q1 2010 45.27 % 19.14 % 19.81 %
Q2 2010 46.16 % 19.11 % 20.40 %
Q3 2010 46.28 % 17.92 % 20.40 %
Q4 2010 43.29 % 18.41 % 20.54 %
Q1 2011 41.59 % 17.71 % 19.73 %
Q2 2011 40.01 % 16.85 % 18.97 %
Q3 2011 39.20 % 16.26 % 18.00 %
Q4 2011 40.21 % 15.71 % 17.90 %
Q1 2012 40.23 % 15.71 % 17.61 %
Q2 2012 40.78 % 15.91 % 17.65 %
Q3 2012 42.18 % 15.95 % 17.03 %
Q4 2012 41.30 % 15.09 % 16.22 %
Q1 2013 40.85 % 14.76 % 15.84 %
Q2 2013 40.50 % 13.92 % 14.74 %
Q3 2013 39.77 % 13.56 % 14.60 %
Q4 2013 38.44 % 13.31 % 14.29 %
Q1 2014 38.07 % 13.64 % 13.65 %
Q2 2014 35.63 % 11.75 % 10.39 %
Q3 2014 32.46 % 10.54 % 8.23 %
Q4 2014 32.18 % 9.87 % 5.83 %
Q1 2015 32.16 % 9.69 % 4.74 %
Q2 2015 33.42 % 10.59 % 5.62 %
Q3 2015 34.71 % 10.53 % 5.34 %
Q4 2015 33.16 % 7.75 % 0.37 %
Q1 2016 35.33 % 7.68 % (1.29 %)
Q2 2016 37.23 % 7.90 % (3.05 %)
Q3 2016 39.93 % 9.51 % (5.02 %)
Q4 2016 44.81 % 12.07 % (5.39 %)
Q1 2017 44.37 % 11.60 % (5.63 %)
Q2 2017 45.28 % 11.49 % (5.26 %)
Q3 2017 44.53 % 10.40 % (4.33 %)
Q4 2017 42.13 % 10.71 % 1.34 %
Q1 2018 41.31 % 10.61 % 2.36 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 80.00 2.19 2.17 18.51
Q2 2009 80.00 2.24 2.19 18.54
Q3 2009 80.00 2.25 2.16 19.10
Q4 2009 80.00 2.55 2.42 19.52
Q1 2010 80.00 2.66 2.52 19.08
Q2 2010 80.00 2.79 2.64 19.84
Q3 2010 80.00 3.12 2.72 20.62
Q4 2010 80.00 3.24 2.88 21.05
Q1 2011 80.00 3.29 2.96 21.73
Q2 2011 80.00 3.36 3.08 21.19
Q3 2011 80.00 3.09 3.09 21.89
Q4 2011 80.00 3.14 3.14 22.39
Q1 2012 80.00 3.17 3.17 23.18
Q2 2012 80.00 3.19 3.19 22.27
Q3 2012 80.00 3.04 3.04 22.63
Q4 2012 80.00 3.03 3.03 23.03
Q1 2013 80.00 3.09 3.09 23.94
Q2 2013 80.00 3.00 3.00 22.92
Q3 2013 80.00 3.05 3.05 23.18
Q4 2013 80.00 3.16 3.16 23.68
Q1 2014 80.00 3.10 3.10 24.43
Q2 2014 80.00 2.37 2.37 22.82
Q3 2014 80.00 1.96 1.96 22.99
Q4 2014 80.00 1.37 1.37 23.08
Q1 2015 80.00 1.11 1.11 23.53
Q2 2015 80.00 1.32 1.32 22.71
Q3 2015 80.00 1.22 1.22 22.19
Q4 2015 80.00 0.08 0.08 21.46
Q1 2016 80.00 (0.29) (0.29) 21.65
Q2 2016 80.00 (0.67) (0.67) 21.78
Q3 2016 80.00 (1.10) (1.10) 21.78
Q4 2016 80.00 (1.17) (1.17) 15.43
Q1 2017 80.00 (1.09) (1.23) 15.62
Q2 2017 80.00 (0.87) (1.14) 15.28
Q3 2017 80.00 (0.52) (0.94) 15.21
Q4 2017 80.00 0.73 0.30 15.40
Q1 2018 80.00 0.80 0.52 14.11

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 8.88 8.98 1.05
Q2 2009 13.08 13.42 1.58
Q3 2009 14.41 15.04 1.70
Q4 2009 12.82 13.51 1.67
Q1 2010 14.10 14.89 1.97
Q2 2010 12.24 12.93 1.72
Q3 2010 11.80 13.53 1.79
Q4 2010 11.15 12.55 1.72
Q1 2011 9.49 10.53 1.44
Q2 2011 9.53 10.41 1.51
Q3 2011 10.47 10.47 1.48
Q4 2011 10.36 10.36 1.46
Q1 2012 12.71 12.71 1.74
Q2 2012 11.74 11.74 1.68
Q3 2012 12.04 12.04 1.62
Q4 2012 11.90 11.90 1.57
Q1 2013 12.18 12.18 1.57
Q2 2013 13.79 13.79 1.81
Q3 2013 13.83 13.83 1.82
Q4 2013 15.51 15.51 2.07
Q1 2014 18.15 18.15 2.30
Q2 2014 21.57 21.57 2.24
Q3 2014 24.30 24.30 2.07
Q4 2014 21.27 21.27 1.26
Q1 2015 26.98 26.98 1.27
Q2 2015 24.44 24.44 1.42
Q3 2015 19.14 19.14 1.05
Q4 2015 More than 50 More than 50 0.92
Q1 2016 NEG NEG 0.69
Q2 2016 NEG NEG 0.75
Q3 2016 NEG NEG 0.62
Q4 2016 NEG NEG 1.11
Q1 2017 NEG NEG 1.06
Q2 2017 NEG NEG 1.01
Q3 2017 NEG NEG 1.10
Q4 2017 21.95 More than 50 1.04
Q1 2018 20.87 32.17 1.18

Business Segments (Million)

Compared With The
Period Pharmaceuticals Specialty chemicals Energy and steel industries Other
Q1 2009 105.16 67.45 58.67 -
Q2 2009 110.55 91.59 54.44 -
Q3 2009 97.03 87.96 43.39 -
Q4 2009 110.04 96.49 48.77 -
Q1 2010 121.91 96.96 57.45 -
Q2 2010 119.52 108.62 47.89 -
Q3 2010 104.06 110.86 46.06 -
Q4 2010 105.44 130.51 71.18 -
Q1 2011 135.38 138.56 82.82 -
Q2 2011 146.24 135.09 91.81 -
Q3 2011 139.68 119.96 74.06 -
Q4 2011 123.64 126.61 68.12 -
Q1 2012 172.74 135.63 83.14 -
Q2 2012 151.94 138.05 86.89 -
Q3 2012 160.61 122.47 34.86 -
Q4 2012 170.66 150.68 88.66 -
Q1 2013 214.39 165.59 74.22 -
Q2 2013 205.41 157.70 84.42 -
Q3 2013 189.95 114.84 55.43 -
Q4 2013 258.27 115.01 136.20 -
Q1 2014 243.34 161.19 94.37 -
Q2 2014 207.26 144.23 101.73 -
Q3 2014 207.18 127.15 105.48 -
Q4 2014 268.21 154.23 104.43 -
Q1 2015 204.31 178.44 106.61 -
Q2 2015 248.39 143.08 70.51 -
Q3 2015 186.53 134.45 60.85 -
Q4 2015 196.59 136.58 93.75 -
Q1 2016 254.25 182.79 66.27 -
Q2 2016 214.90 166.52 63.14 -
Q3 2016 204.22 119.43 65.51 -
Q4 2016 220.50 131.57 52.41 -
Q1 2017 224.63 202.84 84.97 -
Q2 2017 198.23 142.49 86.79 1.00
Q3 2017 184.52 136.02 74.55 3.28
Q4 2017 214.07 168.68 68.61 4.99
Q1 2018 225.54 183.10 62.31 5.87

Current
Market Cap (M Riyal) 12,880.00
Enterprise Value (EV) (M) 12,189.84
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 6.28
Book Value (BV) ( Riyal) 28.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.65
P/E (TTM) 25.65
Price/book 5.64
Return on Average Assets (%) (TTM) 12.5
Return on Average Equity (%) (TTM) 23.6

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