Al Kathiri Holding’s net profit rises 40% in FY 2018
14/02/2019
Argaam Exclusive
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Nomu-listed Al Kathiri Holding Co.’s net profit after zakat and tax jumped 39.9 percent year-on-year (YoY) to SAR 9.3 million for fiscal year 2018, due to lower production costs of concrete.
In addition, the annual figures did not include the one-off listing costs incurred by the company in 2017.
Financials (M)
| Item | 2017 | 2018 | Change |
|---|---|---|---|
| Revenues | 42.98 | 50.49 | 17.5 % |
| Gross Income | 11.77 | 15.87 | 34.8 % |
| Operating Income | 7.81 | 9.68 | 23.9 % |
| Net Income | 6.65 | 9.30 | 40.0 % |
| Average Shares | 213.84 | 213.84 | - |
| Earnings Per Share before unusual items (Halala) | 3.47 | 4.35 | 25.2 % |
| EPS (Halala) | 3.11 | 4.35 | 40.0 % |
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2017 | Q4 2018 | Change |
|---|---|---|---|
| Revenues | 16.92 | 10.27 | (39.3 %) |
| Gross Income | 3.11 | 2.38 | (23.5 %) |
| Operating Income | 1.76 | 1.76 | 0.1 % |
| Net Income | 1.52 | 1.37 | (9.6 %) |
| Average Shares | 213.84 | 213.84 | - |
| Earnings Per Share before unusual items (Halala) | 0.71 | 0.64 | (9.6 %) |
| EPS (Halala) | 0.71 | 0.64 | (9.6 %) |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2018 | 13.80 | 580.6 % | 4.08 | 1795.8 % | 2.24 | 2143.0 % |
| Q2 2018 | 12.75 | 32.9 % | 3.92 | 31.4 % | 2.20 | 18.1 % |
| Q3 2018 | 13.67 | (5.4 %) | 5.49 | (0.8 %) | 3.48 | (15.0 %) |
| Q4 2018 | 10.27 | (39.3 %) | 2.38 | (23.5 %) | 1.76 | 0.1 % |
| 2018 | 50.49 | 17.5 % | 15.87 | 34.8 % | 9.68 | 23.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Halala) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Halala) |
|---|---|---|---|---|---|---|
| Q1 2018 | 2.27 | 2365.2 % | 1.06 | - | 2.27 | 1.06 |
| Q2 2018 | 2.27 | 28.2 % | 1.06 | - | 2.27 | 1.06 |
| Q3 2018 | 3.40 | 3.9 % | 1.59 | - | 3.40 | 1.59 |
| Q4 2018 | 1.37 | (9.6 %) | 0.64 | - | 1.37 | 0.64 |
| 2018 | 9.30 | 40.0 % | 4.35 | - | 9.30 | 4.35 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | 27.55 % | 23.34 % | 17.28 % |
| 2017 | 27.39 % | 23.34 % | 17.29 % |
| Q1 2018 | 28.68 % | 24.22 % | 17.54 % |
| Q2 2018 | 28.73 % | 24.51 % | 17.45 % |
| Q3 2018 | 29.05 % | 24.71 % | 16.54 % |
| Q4 2018 | 31.43 % | 28.84 % | 18.43 % |
| 2018 | 31.43 % | 28.84 % | 18.43 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Halala) | Earnings Per Share before unusual items (Halala) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2018 | 213.84 | 4.13 | 4.49 | 0.23 |
| Q2 2018 | 213.84 | 4.36 | 4.73 | 0.24 |
| Q3 2018 | 213.84 | 4.42 | 4.42 | 0.25 |
| Q4 2018 | 213.84 | 4.35 | 4.35 | 0.26 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2018 | 8.22 | 7.55 | 1.51 |
| Q2 2018 | 9.60 | 8.86 | 1.77 |
| Q3 2018 | 10.53 | 10.53 | 1.85 |
| Q4 2018 | 25.14 | 25.14 | 4.24 |
| Current | |
| Market Cap (M Riyal) | 454.34 |
| Enterprise Value (EV) (M Riyal) | 487.57 |
| Shares Outstanding ((M)) | 226.04 |
| EPS (Halala) (TTM) | (12.87) |
| Book Value (BV) ( Riyal) | 0.46 |
| Par Value ( Halala) | 50.00 |
| Recurring P/E | Neg |
| P/E (TTM) | NEG |
| Price/book | 4.36 |
| Return on Average Assets (%) (TTM) | (9.06 ) |
| Return on Average Equity (%) (TTM) | (24.53 ) |
| EV/adj EBITDA | (102.57) |
| EV/Revenues | 2.04 |
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