Takween’s net profit falls 82% to SAR 10 mln in nine-months 2015

14/10/2015 Argaam Exclusive

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Share Price

Takween Advanced Industries Co. (TAKWEEN)

Takween Advanced Industries reported a net profit of SAR 10.27 million for the first nine months of 2015, an 81.68 percent drop from SAR 56.08 million in the same period last year. The net profit was hurt by higher selling, general and administrative expenses (SG&A) and finance charges. In addition, foreign currency translation pushed other income lower.

Financials (M)

Item	9m 2014	9m 2015	Change‬
Revenues	575.62	1,355.82	135.5 %
Gross Income	87.27	160.76	84.2 %
Operating Income	36.18	35.25	(2.6 %)
Net Income	56.08	10.27	(81.7 %)
Average Shares	29.72	29.72	-
EPS (Riyals)	1.89	0.35	(81.7 %)

The company recorded a net loss of SAR 2.27 million in Q3 this year, compared to a net profit of SAR 19.45 million in the same quarter last year, due to higher SG&A and finance charges.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2014	Q3 2015	Change‬
Revenues	194.64	459.48	136.1 %
Gross Income	35.61	55.72	56.5 %
Operating Income	17.71	17.88	0.9 %
Net Income	19.44	(2.27)	(111.7 %)
Average Shares	29.72	29.72	-
EPS (Riyals)	0.65	(0.08)	(111.7 %)

Item	Q2 2015	Q3 2015	Change‬
Revenues	477.02	459.48	(3.7 %)
Gross Income	77.15	55.72	(27.8 %)
Operating Income	38.79	17.88	(53.9 %)
Net Income	28.03	(2.27)	(108.1 %)
Average Shares	29.72	29.72	-
EPS (Riyals)	0.94	(0.08)	(108.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	382.29	-	79.20	-	41.78	-	1.41
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	504.63	32.0 %	81.21	2.5 %	43.34	3.7 %	1.46
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	131.85	(73.9 %)	30.75	(62.1 %)	22.35	(48.4 %)	0.75
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	608.75	361.7 %	127.62	315.0 %	70.42	215.1 %	2.37
Q1 2011	150.26	-	26.15	-	13.12	-	0.44
Q2 2011	186.64	-	34.17	-	22.06	-	0.74
Q3 2011	190.40	-	33.42	-	18.11	-	0.61
Q4 2011	166.84	-	35.19	-	22.87	-	0.77
2011	694.13	14.0 %	128.93	1.0 %	76.15	8.1 %	2.56
Q1 2012	148.90	(0.9 %)	27.08	3.6 %	13.36	1.8 %	0.45
Q2 2012	177.53	(4.9 %)	33.37	(2.3 %)	21.15	(4.1 %)	0.71
Q3 2012	183.00	(3.9 %)	33.41	0.0 %	18.98	4.8 %	0.64
Q4 2012	160.23	(4.0 %)	28.80	(18.2 %)	21.83	(4.5 %)	0.73
2012	669.66	(3.5 %)	122.66	(4.9 %)	75.32	(1.1 %)	2.53
Q1 2013	180.66	21.3 %	30.71	13.4 %	18.24	36.5 %	0.61
Q2 2013	193.99	9.3 %	26.22	(21.4 %)	16.85	(20.3 %)	0.57
Q3 2013	192.23	5.0 %	26.96	(19.3 %)	10.78	(43.2 %)	0.36
Q4 2013	164.14	2.4 %	11.42	(60.3 %)	(1.47)	(106.7 %)	(0.05)
2013	731.02	9.2 %	95.31	(22.3 %)	44.39	(41.1 %)	1.49
Q1 2014	173.69	(3.9 %)	22.19	(27.8 %)	8.80	(51.8 %)	0.30
Q2 2014	207.29	6.9 %	29.48	12.4 %	27.85	65.3 %	0.94
Q3 2014	194.64	1.3 %	35.61	32.1 %	19.44	80.4 %	0.65
Q4 2014	192.06	17.0 %	32.66	186.0 %	(0.76)	48.3 %	(0.03)
2014	767.68	5.0 %	121.29	27.3 %	55.32	24.6 %	1.86
Q1 2015	419.32	141.4 %	27.89	25.7 %	(15.49)	(276.0 %)	(0.52)
Q2 2015	477.02	130.1 %	77.15	161.8 %	28.03	0.7 %	0.94
Q3 2015	459.48	136.1 %	55.72	56.5 %	(2.27)	(111.7 %)	(0.08)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
2007	382.29	-	79.20	-	41.78	-	1.41
2008	504.63	32.0 %	81.21	2.5 %	43.34	3.7 %	1.46
2009	131.85	(73.9 %)	30.75	(62.1 %)	22.35	(48.4 %)	0.75
2010	608.75	361.7 %	127.62	315.0 %	70.42	215.1 %	2.37
2011	694.13	14.0 %	128.93	1.0 %	76.15	8.1 %	2.56
2012	669.66	(3.5 %)	122.66	(4.9 %)	75.32	(1.1 %)	2.53
2013	731.02	9.2 %	95.31	(22.3 %)	44.39	(41.1 %)	1.49
2014	767.68	5.0 %	121.29	27.3 %	55.32	24.6 %	1.86

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	20.72 %	19.37 %	10.93 %
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	16.09 %	15.64 %	8.59 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	23.32 %	20.19 %	16.95 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	20.96 %	21.63 %	11.57 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	18.57 %	19.57 %	10.97 %
2011	18.57 %	19.57 %	10.97 %
Q1 2012	18.75 %	19.53 %	11.03 %
Q2 2012	18.88 %	19.39 %	11.04 %
Q3 2012	19.08 %	19.64 %	11.29 %
Q4 2012	18.32 %	19.44 %	11.25 %
2012	18.32 %	19.44 %	11.25 %
Q1 2013	18.00 %	19.21 %	11.12 %
Q2 2013	16.60 %	17.47 %	9.25 %
Q3 2013	15.50 %	16.19 %	7.39 %
Q4 2013	13.04 %	12.73 %	3.48 %
2013	13.04 %	12.73 %	3.48 %
Q1 2014	11.99 %	11.21 %	1.83 %
Q2 2014	12.21 %	11.41 %	1.28 %
Q3 2014	13.34 %	12.67 %	1.47 %
Q4 2014	15.62 %	15.46 %	4.66 %
2014	15.80 %	15.65 %	4.66 %
Q1 2015	12.40 %	10.83 %	0.22 %
Q2 2015	13.51 %	12.23 %	1.91 %
Q3 2015	12.50 %	11.18 %	0.94 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	-	-	-
2007	20.72 %	19.37 %	10.93 %
2008	16.09 %	15.64 %	8.59 %
2009	23.32 %	20.19 %	16.95 %
2010	20.96 %	21.63 %	11.57 %
2011	18.57 %	19.57 %	10.97 %
2012	18.32 %	19.44 %	11.25 %
2013	13.04 %	12.73 %	3.48 %
2014	15.80 %	15.65 %	4.66 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
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	17.40 %	18.57 %	8.73 %
Q2 2011	18.31 %	20.00 %	11.82 %
Q3 2011	17.55 %	17.61 %	9.51 %
Q4 2011	21.09 %	22.21 %	13.70 %
Q1 2012	18.19 %	18.41 %	8.97 %
Q2 2012	18.80 %	19.48 %	11.91 %
Q3 2012	18.26 %	18.44 %	10.37 %
Q4 2012	17.97 %	21.51 %	13.63 %
Q1 2013	17.00 %	17.67 %	8.88 %
Q2 2013	13.52 %	13.04 %	4.92 %
Q3 2013	14.02 %	13.55 %	3.28 %
Q4 2013	6.96 %	5.97 %	(3.93 %)
Q1 2014	12.77 %	11.55 %	2.22 %
Q2 2014	14.22 %	13.62 %	2.77 %
Q3 2014	18.29 %	18.32 %	3.96 %
Q4 2014	17.01 %	18.09 %	9.62 %
Q1 2015	6.65 %	2.65 %	(7.07 %)
Q2 2015	16.17 %	15.81 %	5.88 %
Q3 2015	12.13 %	11.26 %	(0.49 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
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	29.72	-	-	11.99
Q2 2011	29.72	-	-	12.73
Q3 2011	29.72	-	-	13.34
Q4 2011	29.72	2.56	2.56	13.10
Q1 2012	29.72	2.57	2.57	13.55
Q2 2012	29.72	2.54	2.54	12.90
Q3 2012	29.72	2.57	2.57	13.54
Q4 2012	29.72	2.53	2.53	14.23
Q1 2013	29.72	2.70	2.62	14.84
Q2 2013	29.72	2.55	2.23	14.90
Q3 2013	29.72	2.28	1.81	15.27
Q4 2013	29.72	1.49	0.86	15.22
Q1 2014	29.72	1.18	0.45	15.46
Q2 2014	29.72	1.55	0.32	15.81
Q3 2014	29.72	1.84	0.36	16.47
Q4 2014	29.72	1.86	1.20	16.44
Q1 2015	29.72	1.04	0.08	15.77
Q2 2015	29.72	1.05	0.83	16.69
Q3 2015	29.72	0.32	0.49	16.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	-	-	-	-
2007	29.72	1.41	1.41	7.51
2008	29.72	1.46	1.46	8.15
2009	29.72	0.75	0.75	4.27
2010	29.72	2.37	2.37	11.55
2011	29.72	2.56	2.56	13.10
2012	29.72	2.53	2.53	14.23
2013	29.72	1.49	0.86	15.22
2014	29.72	1.86	1.20	16.44

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
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	More than 50	More than 50	12.04
Q2 2012	41.50	41.50	8.17
Q3 2012	49.79	49.79	9.45
Q4 2012	44.76	44.76	7.97
Q1 2013	42.41	43.60	7.71
Q2 2013	48.04	More than 50	8.23
Q3 2013	More than 50	More than 50	7.80
Q4 2013	More than 50	More than 50	7.70
Q1 2014	More than 50	More than 50	7.99
Q2 2014	More than 50	More than 50	9.68
Q3 2014	More than 50	More than 50	10.29
Q4 2014	More than 50	More than 50	8.81
Q1 2015	More than 50	More than 50	12.12
Q2 2015	More than 50	More than 50	13.29
Q3 2015	More than 50	More than 50	8.01

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	44.76	44.76	7.97
2013	More than 50	More than 50	7.70
2014	More than 50	More than 50	8.81

Business Segments (Million)

Compared With The

Period	Polystyrene cups and lids and other related plastic products	Non- woven Fabrics	Thumbnail of preset BIT bottles (polyethylene terephthalate)
Q4 2010	41.72	67.54	38.25
Q1 2011	43.06	71.61	35.59
Q2 2011	60.95	73.94	51.74
Q3 2011	69.75	72.86	47.78
Q4 2011	58.65	69.10	39.08
Q1 2012	48.72	67.43	32.75
Q2 2012	67.45	60.71	49.37
Q3 2012	70.66	59.75	52.59
Q4 2012	56.30	62.99	40.93
Q1 2013	64.97	69.86	45.83
Q2 2013	70.83	65.93	57.23
Q3 2013	77.06	67.41	47.76
Q4 2013	68.04	63.45	32.66
Q1 2014	67.35	61.02	45.32
Q2 2014	76.50	79.64	51.15
Q3 2014	65.97	83.05	45.62
Q4 2014	103.83	88.24	-
Q1 2015	325.75	93.57	-
Q2 2015	388.58	88.44	-
Q3 2015	383.72	75.76	-

Period	Polystyrene cups and lids and other related plastic products	Non- woven Fabrics	Thumbnail of preset BIT bottles (polyethylene terephthalate)
2010	187.42	257.98	163.25
2011	232.42	287.52	174.19
2012	243.13	250.88	175.65
2013	280.90	266.65	183.48
2014	455.74	311.94	-

Analysts Estimates (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change‬
Average	29.80	(2.27)	(107.6 %)

Estimates vs Actual (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change
OSOOL AND BAKHEET	29.80	(2.27)	(107.6) %

Financial Ratios

	Current
Market Cap (M Riyal)	1,067.38
Enterprise Value (EV) (M)	1,593.25
Shares Outstanding ((M))	76.46
EPS ( Riyal) (TTM)	(2.64)
Book Value (BV) ( Riyal)	6.11
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.28
Return on Average Assets (%) (TTM)	(13.86 )
Return on Average Equity (%) (TTM)	(46.41 )

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Takween’s net profit falls 82% to SAR 10 mln in nine-months 2015

View other reports

Share Price

Takween Advanced Industries Co. (TAKWEEN)

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2015 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Takween’s net profit falls 82% to SAR 10 mln in nine-months 2015

View other reports

Share Price

Takween Advanced Industries Co. (TAKWEEN)

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

Business Segments (Million) Q3 2015

Revenue by Business Segment (Latest) 2015 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Business Segments (Million)