STC posts higher net profit at SAR 9897m in 2013

31/12/2013 Argaam Exclusive

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Share Price

Saudi Telecom Co. (STC)

Saudi Telecom Co., the second largest company listed in the market after SABIC, reported SAR 9897m net profit at the end of 2013, compared to SAR 7276m last year, as shown in the following table:

Financials (M)

Item	2012	2013	Change‬
Revenues	44,745.08	45,604.63	1.9 %
Gross Income	25,261.70	27,413.24	8.5 %
Operating Income	9,936.56	12,092.26	21.7 %
Net Income	7,275.96	9,897.07	36.0 %
Average Shares	5,000.00	5,000.00	-
EPS (Riyals)	1.46	1.98	36.0 %

Current Quarter Comparison (M)

Compared With The

Item	Q4 2012	Q4 2013	Change‬
Revenues	11,234.77	11,270.43	0.3 %
Gross Income	6,121.14	6,991.64	14.2 %
Operating Income	2,173.79	2,801.88	28.9 %
Net Income	393.44	3,532.57	797.9 %
Average Shares	5,000.00	5,000.00	-
EPS (Riyals)	0.08	0.71	797.9 %

Item	Q3 2013	Q4 2013	Change‬
Revenues	11,426.85	11,270.43	(1.4 %)
Gross Income	7,193.36	6,991.64	(2.8 %)
Operating Income	3,377.39	2,801.88	(17.0 %)
Net Income	3,385.59	3,532.57	4.3 %
Average Shares	5,000.00	5,000.00	-
EPS (Riyals)	0.68	0.71	4.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2004	7,321.04	9.2 %	5,344.48	9.2 %	2,502.63	10.8 %	0.50
Q2 2004	7,564.96	20.0 %	5,502.62	19.8 %	2,638.30	39.7 %	0.53
Q3 2004	7,852.77	11.5 %	5,658.47	8.7 %	2,526.24	5.4 %	0.51
Q4 2004	7,759.89	7.2 %	5,713.75	9.2 %	1,647.15	(16.8 %)	0.33
2004	30,498.66	11.7 %	22,219.32	11.5 %	9,314.33	9.3 %	1.86
Q1 2005	7,918.23	8.2 %	6,122.17	14.6 %	3,010.95	20.3 %	0.60
Q2 2005	8,038.27	6.3 %	6,208.34	12.8 %	2,903.14	10.0 %	0.58
Q3 2005	8,105.10	3.2 %	6,074.94	7.4 %	3,261.99	29.1 %	0.65
Q4 2005	8,478.35	9.3 %	6,439.24	12.7 %	3,270.78	98.6 %	0.65
2005	32,539.94	6.7 %	24,844.68	11.8 %	12,446.86	33.6 %	2.49
Q1 2006	8,515.11	7.5 %	6,383.40	4.3 %	3,414.71	13.4 %	0.68
Q2 2006	8,624.77	7.3 %	6,616.48	6.6 %	3,395.80	17.0 %	0.68
Q3 2006	8,405.99	3.7 %	6,099.71	0.4 %	3,202.01	(1.8 %)	0.64
Q4 2006	8,240.01	(2.8 %)	5,914.92	(8.1 %)	2,786.39	(14.8 %)	0.56
2006	33,785.89	3.8 %	25,014.51	0.7 %	12,798.90	2.8 %	2.56
Q1 2007	8,320.06	(2.3 %)	6,049.33	(5.2 %)	2,719.17	(20.4 %)	0.54
Q2 2007	8,444.00	(2.1 %)	6,405.60	(3.2 %)	3,102.76	(8.6 %)	0.62
Q3 2007	8,058.58	(4.1 %)	5,828.60	(4.4 %)	3,140.03	(1.9 %)	0.63
Q4 2007	9,635.17	16.9 %	6,922.61	17.0 %	3,059.78	9.8 %	0.61
2007	34,457.81	2.0 %	25,206.14	0.8 %	12,021.73	(6.1 %)	2.40
Q1 2008	9,574.71	15.1 %	7,212.79	19.2 %	3,029.27	11.4 %	0.61
Q2 2008	12,030.46	42.5 %	9,094.79	42.0 %	3,839.88	23.8 %	0.77
Q3 2008	13,537.76	68.0 %	10,392.71	78.3 %	3,012.33	(4.1 %)	0.60
Q4 2008	12,326.44	27.9 %	9,096.55	31.4 %	1,156.37	(62.2 %)	0.23
2008	47,469.37	37.8 %	35,796.84	42.0 %	11,037.85	(8.2 %)	2.21
Q1 2009	12,142.78	26.8 %	7,912.55	9.7 %	2,487.75	(17.9 %)	0.50
Q2 2009	12,674.12	5.4 %	7,723.03	(15.1 %)	2,990.22	(22.1 %)	0.60
Q3 2009	12,934.24	(4.5 %)	7,754.81	(25.4 %)	2,402.62	(20.2 %)	0.48
Q4 2009	13,028.94	5.7 %	7,610.31	(16.3 %)	2,982.78	157.9 %	0.60
2009	50,780.09	7.0 %	31,000.70	(13.4 %)	10,863.36	(1.6 %)	2.17
Q1 2010	12,519.63	3.1 %	7,159.87	(9.5 %)	1,772.03	(28.8 %)	0.35
Q2 2010	12,591.24	(0.7 %)	7,334.89	(5.0 %)	2,061.99	(31.0 %)	0.41
Q3 2010	13,232.39	2.3 %	7,884.82	1.7 %	3,316.80	38.0 %	0.66
Q4 2010	13,443.57	3.2 %	7,943.03	4.4 %	2,285.51	(23.4 %)	0.46
2010	51,786.83	2.0 %	30,322.60	(2.2 %)	9,436.33	(13.1 %)	1.89
Q1 2011	13,076.30	4.4 %	7,488.43	4.6 %	1,573.12	(11.2 %)	0.31
Q2 2011	13,879.67	10.2 %	7,951.89	8.4 %	2,256.37	9.4 %	0.45
Q3 2011	14,015.11	5.9 %	8,073.04	2.4 %	1,562.48	(52.9 %)	0.31
Q4 2011	14,691.00	9.3 %	7,814.90	(1.6 %)	2,336.69	2.2 %	0.47
2011	55,662.08	7.5 %	31,328.25	3.3 %	7,728.65	(18.1 %)	1.55
Q1 2012	11,067.36	(15.4 %)	6,329.04	(15.5 %)	2,521.16	60.3 %	0.50
Q2 2012	11,013.03	(20.7 %)	6,352.24	(20.1 %)	2,407.57	6.7 %	0.48
Q3 2012	11,429.91	(18.4 %)	6,459.29	(20.0 %)	1,953.80	25.0 %	0.39
Q4 2012	11,234.77	(23.5 %)	6,121.14	(21.7 %)	393.44	(83.2 %)	0.08
2012	44,745.08	(19.6 %)	25,261.70	(19.4 %)	7,275.96	(5.9 %)	1.46
Q1 2013	11,473.88	3.7 %	6,494.46	2.6 %	1,549.96	(38.5 %)	0.31
Q2 2013	11,433.47	3.8 %	6,733.78	6.0 %	1,428.95	(40.6 %)	0.29
Q3 2013	11,426.85	0.0 %	7,193.36	11.4 %	3,385.59	73.3 %	0.68
Q4 2013	11,270.43	0.3 %	6,991.64	14.2 %	3,532.57	797.9 %	0.71
2013	45,604.63	1.9 %	27,413.24	8.5 %	9,897.07	36.0 %	1.98

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2004	30,498.66	11.7 %	22,219.32	11.5 %	9,314.33	9.3 %	1.86
2005	32,539.94	6.7 %	24,844.68	11.8 %	12,446.86	33.6 %	2.49
2006	33,785.89	3.8 %	25,014.51	0.7 %	12,798.90	2.8 %	2.56
2007	34,457.81	2.0 %	25,206.14	0.8 %	12,021.73	(6.1 %)	2.40
2008	47,469.37	37.8 %	35,796.84	42.0 %	11,037.85	(8.2 %)	2.21
2009	50,780.09	7.0 %	31,000.70	(13.4 %)	10,863.36	(1.6 %)	2.17
2010	51,786.83	2.0 %	30,322.60	(2.2 %)	9,436.33	(13.1 %)	1.89
2011	55,662.08	7.5 %	31,328.25	3.3 %	7,728.65	(18.1 %)	1.55
2012	44,745.08	(19.6 %)	25,261.70	(19.4 %)	7,275.96	(5.9 %)	1.46
2013	45,604.63	1.9 %	27,413.24	8.5 %	9,897.07	36.0 %	1.98

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	73.00 %	48.68 %	31.52 %
Q2 2004	72.96 %	49.67 %	32.73 %
Q3 2004	72.51 %	49.74 %	32.60 %
Q4 2004	72.85 %	48.33 %	32.06 %
2004	72.85 %	48.33 %	32.06 %
Q1 2005	73.96 %	49.46 %	32.82 %
Q2 2005	75.08 %	49.56 %	33.14 %
Q3 2005	75.80 %	52.15 %	36.20 %
Q4 2005	76.35 %	52.85 %	40.47 %
2005	76.35 %	52.85 %	40.47 %
Q1 2006	75.76 %	51.89 %	41.11 %
Q2 2006	75.66 %	51.96 %	41.88 %
Q3 2006	75.06 %	49.38 %	40.03 %
Q4 2006	74.04 %	47.31 %	37.78 %
2006	74.04 %	47.31 %	37.78 %
Q1 2007	73.47 %	46.01 %	35.94 %
Q2 2007	73.24 %	45.58 %	35.35 %
Q3 2007	73.19 %	46.72 %	35.63 %
Q4 2007	73.15 %	46.92 %	34.94 %
2007	73.15 %	46.92 %	34.94 %
Q1 2008	73.84 %	47.70 %	34.56 %
Q2 2008	73.94 %	46.06 %	33.22 %
Q3 2008	75.09 %	44.13 %	29.78 %
Q4 2008	75.41 %	45.80 %	24.14 %
2008	75.41 %	45.80 %	24.14 %
Q1 2009	72.94 %	45.51 %	22.10 %
Q2 2009	69.31 %	44.94 %	20.10 %
Q3 2009	64.87 %	44.00 %	18.33 %
Q4 2009	61.05 %	40.59 %	20.26 %
2009	61.05 %	40.59 %	20.26 %
Q1 2010	59.13 %	38.04 %	18.46 %
Q2 2010	58.46 %	36.87 %	16.76 %
Q3 2010	58.38 %	37.29 %	16.59 %
Q4 2010	58.55 %	37.89 %	15.00 %
2010	58.55 %	37.89 %	15.00 %
Q1 2011	58.56 %	38.16 %	14.11 %
Q2 2011	58.30 %	38.33 %	14.10 %
Q3 2011	57.81 %	37.38 %	12.29 %
Q4 2011	56.28 %	35.98 %	12.71 %
2011	56.28 %	35.98 %	12.71 %
Q1 2012	56.23 %	36.23 %	15.29 %
Q2 2012	56.25 %	36.51 %	16.45 %
Q3 2012	55.92 %	36.12 %	18.33 %
Q4 2012	56.46 %	36.37 %	16.78 %
2012	56.46 %	36.37 %	16.78 %
Q1 2013	56.32 %	36.28 %	14.97 %
Q2 2013	56.63 %	37.08 %	15.19 %
Q3 2013	58.25 %	39.08 %	18.18 %
Q4 2013	60.11 %	40.50 %	23.56 %
2013	60.11 %	40.50 %	23.56 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	72.85 %	48.33 %	32.06 %
2005	76.35 %	52.85 %	40.47 %
2006	74.04 %	47.31 %	37.78 %
2007	73.15 %	46.92 %	34.94 %
2008	75.41 %	45.80 %	24.14 %
2009	61.05 %	40.59 %	20.26 %
2010	58.55 %	37.89 %	15.00 %
2011	56.28 %	35.98 %	12.71 %
2012	56.46 %	36.37 %	16.78 %
2013	60.11 %	40.50 %	23.56 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	73.00 %	49.36 %	34.60 %
Q2 2004	72.74 %	48.79 %	34.89 %
Q3 2004	72.06 %	47.48 %	33.38 %
Q4 2004	73.63 %	47.79 %	25.56 %
Q1 2005	77.32 %	53.69 %	37.39 %
Q2 2005	77.23 %	49.25 %	36.03 %
Q3 2005	74.95 %	57.72 %	45.38 %
Q4 2005	75.95 %	50.84 %	42.88 %
Q1 2006	74.97 %	49.87 %	40.10 %
Q2 2006	76.71 %	49.73 %	39.35 %
Q3 2006	72.56 %	47.04 %	37.78 %
Q4 2006	71.78 %	42.41 %	33.74 %
Q1 2007	72.71 %	44.69 %	32.74 %
Q2 2007	75.86 %	48.10 %	37.08 %
Q3 2007	72.33 %	51.79 %	39.01 %
Q4 2007	71.85 %	43.74 %	31.58 %
Q1 2008	75.33 %	47.87 %	31.60 %
Q2 2008	75.60 %	42.64 %	31.94 %
Q3 2008	76.77 %	43.09 %	25.28 %
Q4 2008	73.80 %	50.27 %	9.47 %
Q1 2009	65.16 %	46.21 %	21.63 %
Q2 2009	60.94 %	40.52 %	23.42 %
Q3 2009	59.96 %	39.37 %	18.67 %
Q4 2009	58.41 %	36.64 %	17.49 %
Q1 2010	57.19 %	35.62 %	14.23 %
Q2 2010	58.25 %	35.77 %	16.55 %
Q3 2010	59.59 %	40.94 %	17.99 %
Q4 2010	59.08 %	38.97 %	11.32 %
Q1 2011	57.27 %	36.82 %	10.71 %
Q2 2011	57.29 %	36.64 %	16.27 %
Q3 2011	57.60 %	37.09 %	10.77 %
Q4 2011	53.20 %	33.54 %	12.99 %
Q1 2012	57.19 %	38.20 %	22.81 %
Q2 2012	57.68 %	38.05 %	21.90 %
Q3 2012	56.51 %	35.55 %	17.39 %
Q4 2012	54.48 %	33.75 %	5.20 %
Q1 2013	56.60 %	37.77 %	15.48 %
Q2 2013	58.90 %	41.17 %	22.53 %
Q3 2013	62.95 %	43.54 %	29.28 %
Q4 2013	62.04 %	39.53 %	27.02 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2004	5,000.00	1.75	1.76	5.54
Q2 2004	5,000.00	1.90	1.91	6.07
Q3 2004	5,000.00	1.93	1.95	5.85
Q4 2004	5,000.00	1.86	1.96	6.18
Q1 2005	5,000.00	1.96	2.04	5.94
Q2 2005	5,000.00	2.02	2.09	6.52
Q3 2005	5,000.00	2.16	2.30	6.34
Q4 2005	5,000.00	2.49	2.63	6.57
Q1 2006	5,000.00	2.57	2.72	7.25
Q2 2006	5,000.00	2.67	2.82	6.83
Q3 2006	5,000.00	2.66	2.72	6.87
Q4 2006	5,000.00	2.56	2.55	6.83
Q1 2007	5,000.00	2.42	2.41	6.78
Q2 2007	5,000.00	2.36	2.36	6.90
Q3 2007	5,000.00	2.35	2.36	7.02
Q4 2007	5,000.00	2.40	2.41	7.18
Q1 2008	5,000.00	2.47	2.47	7.31
Q2 2008	5,000.00	2.61	2.61	7.65
Q3 2008	5,000.00	2.59	2.67	7.78
Q4 2008	5,000.00	2.21	2.29	7.53
Q1 2009	5,000.00	2.10	2.21	7.48
Q2 2009	5,000.00	1.93	2.04	7.90
Q3 2009	5,000.00	1.81	1.84	8.13
Q4 2009	5,000.00	2.17	2.06	8.41
Q1 2010	5,000.00	2.03	1.89	8.50
Q2 2010	5,000.00	1.84	1.71	8.45
Q3 2010	5,000.00	2.03	1.70	8.94
Q4 2010	5,000.00	1.89	1.55	9.00
Q1 2011	5,000.00	1.85	1.48	9.05
Q2 2011	5,000.00	1.89	1.51	9.26
Q3 2011	5,000.00	1.54	1.34	9.15
Q4 2011	5,000.00	1.55	1.42	9.38
Q1 2012	5,000.00	1.74	1.64	9.81
Q2 2012	5,000.00	1.77	1.67	10.03
Q3 2012	5,000.00	1.84	1.77	10.34
Q4 2012	5,000.00	1.46	1.50	10.27
Q1 2013	5,000.00	1.26	1.35	10.34
Q2 2013	5,000.00	1.07	1.38	10.39
Q3 2013	5,000.00	1.35	1.66	10.81
Q4 2013	5,000.00	1.98	2.15	11.25

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	5,000.00	1.86	1.96	6.18
2005	5,000.00	2.49	2.63	6.57
2006	5,000.00	2.56	2.55	6.83
2007	5,000.00	2.40	2.41	7.18
2008	5,000.00	2.21	2.29	7.53
2009	5,000.00	2.17	2.06	8.41
2010	5,000.00	1.89	1.55	9.00
2011	5,000.00	1.55	1.42	9.38
2012	5,000.00	1.46	1.50	10.27
2013	5,000.00	1.98	2.15	11.25

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2004	16.51	16.45	5.23
Q2 2004	16.93	16.88	5.31
Q3 2004	15.36	15.17	5.06
Q4 2004	20.47	19.50	6.17
Q1 2005	20.97	20.18	6.93
Q2 2005	27.24	26.26	8.42
Q3 2005	25.89	24.33	8.84
Q4 2005	22.37	21.14	8.47
Q1 2006	25.38	23.94	8.99
Q2 2006	17.76	16.78	6.94
Q3 2006	15.09	14.72	5.83
Q4 2006	12.93	12.97	4.85
Q1 2007	10.49	10.52	3.75
Q2 2007	9.86	9.86	3.38
Q3 2007	11.02	10.99	3.69
Q4 2007	13.93	13.91	4.67
Q1 2008	10.01	10.01	3.38
Q2 2008	9.26	9.27	3.16
Q3 2008	9.93	9.64	3.30
Q4 2008	8.90	8.57	2.61
Q1 2009	7.60	7.22	2.13
Q2 2009	10.68	10.11	2.61
Q3 2009	11.12	10.95	2.47
Q4 2009	8.12	8.57	2.10
Q1 2010	9.36	10.06	2.24
Q2 2010	8.18	8.81	1.78
Q3 2010	7.64	9.08	1.73
Q4 2010	9.03	10.97	1.89
Q1 2011	8.34	10.43	1.70
Q2 2011	7.72	9.63	1.57
Q3 2011	8.86	10.17	1.49
Q4 2011	8.75	9.55	1.44
Q1 2012	9.40	9.95	1.66
Q2 2012	8.95	9.46	1.57
Q3 2012	8.61	8.99	1.54
Q4 2012	11.90	11.53	1.69
Q1 2013	12.44	11.60	1.52
Q2 2013	14.98	11.53	1.54
Q3 2013	12.78	10.43	1.60
Q4 2013	10.81	9.96	1.90

Period	P/E	Adjusted P/E	Price/book
2004	20.47	19.50	6.17
2005	22.37	21.14	8.47
2006	12.93	12.97	4.85
2007	13.93	13.91	4.67
2008	8.90	8.57	2.61
2009	8.12	8.57	2.10
2010	9.03	10.97	1.89
2011	8.75	9.55	1.44
2012	11.90	11.53	1.69
2013	10.81	9.96	1.90

Business Segments (Million)

Compared With The

Period	GSM	Landline	DATA	Un-allocated
Q1 2009	8,203.41	2,276.02	1,641.09	22.26
Q2 2009	8,078.78	2,660.90	1,889.14	45.31
Q3 2009	8,763.77	2,321.57	1,813.36	35.55
Q4 2009	9,042.06	2,027.64	1,903.96	55.28
Q1 2010	8,370.42	2,321.45	1,754.34	73.42
Q2 2010	8,274.92	2,514.25	1,744.81	57.26
Q3 2010	8,698.56	2,678.44	1,744.34	111.06
Q4 2010	8,815.84	2,641.88	1,897.42	88.43
Q1 2011	8,612.49	2,145.44	2,210.45	107.93
Q2 2011	9,300.53	2,165.08	2,279.18	134.88
Q3 2011	9,535.33	1,968.75	2,358.25	152.78
Q4 2011	10,460.75	2,030.05	2,539.65	(339.46)
Q1 2012	7,231.45	3,163.66	775.96	(103.71)
Q2 2012	5,953.44	2,773.26	2,747.33	(461.00)
Q3 2012	6,321.44	3,061.54	2,038.38	8.55
Q4 2012	6,534.06	3,295.52	1,450.81	(45.62)
Q1 2013	5,912.96	3,401.35	2,121.21	38.36
Q2 2013	6,276.02	3,413.90	1,645.45	98.11
Q3 2013	5,947.77	3,195.58	2,156.72	126.77
Q4 2013	6,048.69	3,174.74	2,296.23	(249.24)

Period	GSM	Landline	DATA	Un-allocated
2008	28,132.70	15,059.39	4,211.44	65.84
2009	30,052.19	14,122.20	6,447.30	158.39
2010	31,544.33	14,057.80	5,854.53	330.17
2011	34,884.28	13,798.55	7,053.41	(74.16)
2012	26,040.39	12,293.99	7,012.49	(601.79)
2013	24,185.44	13,185.56	8,219.62	14.01

Financial Ratios

	Current
Market Cap (M Riyal)	182,000.00
Enterprise Value (EV) (M)	179,557.14
Shares Outstanding ((M))	5,000.00
EPS ( Riyal) (TTM)	2.69
Book Value (BV) ( Riyal)	16.09
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	16.08
P/E (TTM)	13.51
Price/book	2.26
Return on Average Assets (%) (TTM)	9.0
Return on Average Equity (%) (TTM)	17.4

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STC posts higher net profit at SAR 9897m in 2013

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Saudi Telecom Co. (STC)

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Financial results (Million)

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Per Share Data (Riyal)

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STC posts higher net profit at SAR 9897m in 2013

View other reports

Share Price

Saudi Telecom Co. (STC)

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) Q4 2013

Revenue by Business Segment (Latest) 2013 Q4

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)