Ash-Sharqiyah Development narrows losses in Q1 2019

24/04/2019 Argaam Exclusive

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Share Price

21.14
(1.06) (4.77 %)

Ash-Sharqiyah Development Co. (SHARQIYAH DEV)

Ash-Sharqiyah Development Co. trimmed net loss by 60.8 percent year-on-year (YoY) to SAR 729,288 in the first quarter of 2019, due to lower operating expenses and decreased administrative costs.

The company was able to trim its losses in Q1 by 21.55 percent compared to the previous quarter.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 0.20 - -
Gross Income (0.25) (0.14) 44.5 %
Operating Income (1.84) (0.71) 61.4 %
Net Income (1.86) (0.73) 60.8 %
Average Shares 19.65 19.65 -
EPS (Riyals) (0.09) (0.04) 60.8 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 8.61 (3.6 %) (1.71) (371.9 %) (3.02) (279.6 %) (0.15)
Q2 2010 9.66 7.5 % 0.86 (49.2 %) (0.27) (163.5 %) (0.01)
Q3 2010 7.60 1.4 % 1.51 479.4 % 0.31 115.5 % 0.02
Q4 2010 9.56 40.1 % (0.66) (77.8 %) (2.10) (8.3 %) (0.11)
Q1 2011 9.05 5.1 % 0.67 139.2 % 0.27 109.0 % 0.01
Q2 2011 9.98 3.3 % 0.15 (82.8 %) (1.07) (291.6 %) (0.05)
Q3 2011 4.44 (41.6 %) (1.38) (191.1 %) (2.46) (906.6 %) (0.13)
Q4 2011 5.72 (40.2 %) (2.13) (223.9 %) (5.95) (182.8 %) (0.30)
Q1 2012 7.79 (13.9 %) (2.51) (474.0 %) 2.59 848.4 % 0.13
Q2 2012 7.32 (26.7 %) (0.86) (680.4 %) (2.39) (122.7 %) (0.12)
Q3 2012 4.72 6.3 % (0.92) 33.5 % (1.85) 24.6 % (0.09)
Q4 2012 0.72 (87.3 %) 0.69 132.1 % (1.71) 71.2 % (0.09)
Q1 2013 5.22 (33.0 %) (1.79) 28.5 % (1.76) (168.0 %) (0.09)
Q2 2013 4.81 (34.3 %) (0.02) 97.6 % (1.35) 43.5 % (0.07)
Q3 2013 3.85 (18.4 %) (0.05) 94.4 % (1.52) 18.2 % (0.08)
Q4 2013 3.76 419.1 % (0.82) (219.0 %) (0.94) 44.9 % (0.05)
Q1 2014 4.25 (18.5 %) (0.26) 85.7 % (1.53) 12.9 % (0.08)
Q2 2014 4.36 (9.3 %) (0.38) (1,709.5 %) (0.96) 29.2 % (0.05)
Q3 2014 4.00 3.9 % 0.36 798.0 % (0.20) 87.1 % (0.01)
Q4 2014 6.80 81.0 % 1.11 236.7 % 0.22 122.8 % 0.01
Q1 2015 5.38 26.4 % 1.62 732.4 % 0.67 144.0 % 0.03
Q2 2015 6.06 38.9 % 2.70 809.5 % 7.00 832.3 % 0.36
Q3 2015 6.15 53.6 % 2.43 582.3 % 0.56 386.7 % 0.03
Q4 2015 5.70 (16.3 %) 1.66 49.0 % 0.77 258.6 % 0.04
Q1 2016 1.06 (80.2 %) (2.86) (276.8 %) (4.08) (704.9 %) (0.21)
Q2 2016 2.69 (55.6 %) (1.56) (158.0 %) (1.99) (128.4 %) (0.10)
Q3 2016 2.30 (62.6 %) (1.40) (157.5 %) (5.70) (1113.9 %) (0.29)
Q4 2016 0.48 (91.5 %) (5.24) (415.8 %) (5.70) (839.0 %) (0.29)
Q1 2017 0.45 (57.7 %) (2.04) 28.8 % (3.60) 11.7 % (0.18)
Q2 2017 0.40 (85.0 %) (2.04) (30.5 %) (3.87) (94.8 %) (0.20)
Q3 2017 0.22 (90.6 %) (0.99) 29.2 % (4.66) 18.1 % (0.24)
Q4 2017 0.45 (8.1 %) (0.94) 82.0 % (4.67) 18.0 % (0.24)
Q1 2018 0.20 (54.7 %) (0.25) 87.5 % (1.86) 48.3 % (0.09)
Q2 2018 0.13 (66.8 %) (0.25) 87.8 % (1.66) 57.2 % (0.08)
Q3 2018 - - (0.28) 72.2 % (2.27) 51.4 % (0.12)
Q4 2018 - - (0.23) 75.9 % (0.93) 80.1 % (0.05)
Q1 2019 - - (0.14) 44.5 % (0.73) 60.8 % (0.04)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 (2.46 %) 15.69 % (22.05 %)
Q2 2010 (4.97 %) 12.26 % (22.11 %)
Q3 2010 0.90 % 17.50 % (15.08 %)
Q4 2010 0.02 % 18.31 % (14.38 %)
Q1 2011 6.66 % 23.05 % (5.02 %)
Q2 2011 4.63 % 23.66 % (7.18 %)
Q3 2011 (3.69 %) 15.39 % (16.24 %)
Q4 2011 (9.23 %) 8.39 % (31.54 %)
Q1 2012 (21.01 %) (3.09 %) (24.67 %)
Q2 2012 (27.22 %) (12.99 %) (32.49 %)
Q3 2012 (25.11 %) (7.97 %) (29.76 %)
Q4 2012 (17.51 %) 3.30 % (42.11 %)
Q1 2013 (16.04 %) 8.30 % (72.32 %)
Q2 2013 (13.22 %) 10.41 % (76.86 %)
Q3 2013 (8.07 %) 19.66 % (79.13 %)
Q4 2013 (15.19 %) 8.06 % (27.29 %)
Q1 2014 (6.86 %) 13.52 % (27.51 %)
Q2 2014 (9.26 %) 16.90 % (26.28 %)
Q3 2014 (6.69 %) 6.58 % (19.15 %)
Q4 2014 4.29 % 19.21 % (16.44 %)
Q1 2015 13.19 % 24.91 % (7.55 %)
Q2 2015 26.01 % 31.22 % 0.41 %
Q3 2015 32.23 % 39.77 % 4.28 %
Q4 2015 36.11 % 43.07 % 8.40 %
Q1 2016 20.69 % 28.17 % (11.77 %)
Q2 2016 (2.16 %) 7.03 % (31.44 %)
Q3 2016 (35.43 %) (10.38 %) (61.16 %)
Q4 2016 (169.28 %) (186.32 %) (206.23 %)
Q1 2017 (172.90 %) (192.99 %) (219.53 %)
Q2 2017 (294.61 %) (325.48 %) (409.15 %)
Q3 2017 (663.45 %) (870.98 %) (1147.23 %)
Q4 2017 (396.63 %) (490.63 %) (620.46 %)
Q1 2018 (333.02 %) (537.67 %) (603.70 %)
Q2 2018 (243.64 %) (599.10 %) (545.65 %)
Q3 2018 (219.67 %) (855.43 %) (390.04 %)
Q4 2018 (297.34 %) (1700.30 %) (1986.39 %)
Q1 2019 (665.67 %) (3543.28 %) (4166.42 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 19.65 (0.36) (0.36) 4.15
Q2 2010 19.65 (0.37) (0.37) 4.14
Q3 2010 19.65 (0.25) (0.25) 4.16
Q4 2010 19.65 (0.26) (0.26) 4.05
Q1 2011 19.65 (0.09) (0.09) 4.06
Q2 2011 19.65 (0.13) (0.13) 4.01
Q3 2011 19.65 (0.27) (0.27) 3.88
Q4 2011 19.65 (0.47) (0.47) 3.58
Q1 2012 19.65 (0.35) (0.35) 3.71
Q2 2012 19.65 (0.42) (0.42) 3.59
Q3 2012 19.65 (0.39) (0.39) 3.50
Q4 2012 19.65 (0.17) (0.44) 3.41
Q1 2013 19.65 (0.39) (0.66) 3.32
Q2 2013 19.65 (0.34) (0.61) 3.25
Q3 2013 19.65 (0.32) (0.59) 3.17
Q4 2013 19.65 (0.28) (0.24) 3.12
Q1 2014 19.65 (0.27) (0.23) 3.05
Q2 2014 19.65 (0.25) (0.22) 3.00
Q3 2014 19.65 (0.18) (0.16) 2.99
Q4 2014 19.65 (0.13) (0.16) 3.00
Q1 2015 19.65 (0.01) (0.08) 3.03
Q2 2015 19.65 0.39 0.00 3.39
Q3 2015 19.65 0.43 0.05 3.42
Q4 2015 19.65 0.46 0.10 3.45
Q1 2016 19.65 0.22 (0.11) 3.28
Q2 2016 19.65 (0.24) (0.25) 1.53
Q3 2016 19.65 (0.56) (0.37) 1.45
Q4 2016 19.65 (0.89) (0.69) 11.99
Q1 2017 19.65 (0.86) (0.66) 11.83
Q2 2017 19.65 (0.96) (0.76) 11.63
Q3 2017 19.65 (0.91) (0.91) 11.39
Q4 2017 19.65 (0.85) (0.48) 11.17
Q1 2018 19.65 (0.77) (0.39) 11.07
Q2 2018 19.65 (0.65) (0.28) 10.99
Q3 2018 19.65 (0.53) (0.16) 10.87
Q4 2018 19.65 (0.34) (0.34) 10.83
Q1 2019 19.65 (0.28) (0.28) 10.79

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 NEG NEG 4.95
Q2 2010 NEG NEG 4.91
Q3 2010 NEG NEG 5.01
Q4 2010 NEG NEG 5.74
Q1 2011 NEG NEG 5.62
Q2 2011 NEG NEG 5.29
Q3 2011 NEG NEG 6.40
Q4 2011 NEG NEG 13.31
Q1 2012 NEG NEG 8.91
Q2 2012 NEG NEG 7.01
Q3 2012 NEG NEG 8.55
Q4 2012 NEG NEG 9.92
Q1 2013 NEG NEG 9.84
Q2 2013 NEG NEG 10.58
Q3 2013 NEG NEG 11.99
Q4 2013 NEG NEG 10.31
Q1 2014 NEG NEG 12.20
Q2 2014 NEG NEG 15.45
Q3 2014 NEG NEG 21.44
Q4 2014 NEG NEG 14.15
Q1 2015 NEG NEG 13.54
Q2 2015 More than 50 More than 50 13.72
Q3 2015 More than 50 More than 50 9.53
Q4 2015 More than 50 More than 50 9.30
Q1 2016 More than 50 NEG 7.24
Q2 2016 NEG NEG 14.48
Q3 2016 NEG NEG 10.86
Q4 2016 NEG NEG 2.15
Q1 2017 NEG NEG 1.84
Q2 2017 NEG NEG 1.86
Q3 2017 NEG NEG 2.57
Q4 2017 NEG NEG 2.40
Q1 2018 NEG NEG 2.34
Q2 2018 NEG NEG 2.97
Q3 2018 NEG NEG 2.55
Q4 2018 NEG NEG 2.80
Q1 2019 NEG NEG 2.65

Current
Market Cap (M Riyal) 634.20
Enterprise Value (EV) (M) -
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) 0.09
Book Value (BV) ( Riyal) 4.67
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 1.73
Return on Average Assets (%) (TTM) 0.6
Return on Average Equity (%) (TTM) 0.7

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