Aldrees’ net profit jumps 30% in H1

Argaam Report: Last Updated Date (18/07/2018)

Aldrees Petroleum and Transport Services Co. reported a net profit of SAR 42.8 million for the first half of 2018, a 30.5 percent year-on-year (YoY) increase on higher sales of petrol division and transport division.

Financials Highlights (M)

Item 6m-2017 6m -2018 Change‬
Revenues 1,697.26 2,575.48 51.7 %
Gross Income 90.75 109.20 20.3 %
Operating Income 39.37 53.77 36.6 %
Net Income 32.84 42.78 30.3 %
Average Shares 60.00 60.00 -
EPS (SAR) 0.55 0.71 30.3 %

The firm’s net profit in Q2 slid 0.55 percent YoY to SAR 18.2 million due to higher general and administrative expenses, higher financial expenses and lower other income.

 

On a sequential basis, Q2 net profit fell by 26 percent compared to the previous quarter on higher costs, higher financial expenses and lower other income.

Historical Performance (M)

Period Revenues Gross Income Net Income EPS (SAR) Earnings Growth
2018 5,176.59 212.04 83.57 1.39 29.27 %
2018 - Q4 1,315.40 64.60 19.50 0.33 43.53 %
2018 - Q3 1,288.49 49.23 18.79 0.31 3.13 %
2018 - Q2 1,290.31 51.01 18.20 0.30 (0.30 %)
2018 - Q1 1,285.18 69.15 22.09 0.37 51.52 %
2017 - Q4 885.47 45.58 13.59 0.23 (18.57 %)
2017 - Q3 826.87 46.50 18.22 0.30 0.91 %
2017 - Q2 856.87 48.25 18.26 0.30 (35.95 %)
2017 - Q1 840.39 42.50 14.58 0.24 (47.51 %)
2016 - Q4 869.33 43.08 16.68 0.28 (49.38 %)
2016 - Q3 851.65 48.12 18.05 0.30 (44.13 %)
2016 - Q2 896.65 58.57 28.51 0.48 (22.47 %)
2016 - Q1 843.73 57.62 27.78 0.46 (33.85 %)
2015 - Q4 592.50 65.00 32.96 0.55 5.34 %
2015 - Q3 566.53 56.33 32.31 0.54 21.65 %
2015 - Q2 580.01 64.86 36.77 0.61 3.98 %
2015 - Q1 563.95 65.65 41.99 0.70 37.63 %
2014 - Q4 543.09 54.14 31.29 0.52 18.52 %
2014 - Q3 531.96 54.83 26.56 0.44 9.11 %
2014 - Q2 550.68 62.52 35.36 0.59 29.07 %
2014 - Q1 518.59 55.62 30.51 0.51 29.52 %
2013 - Q4 503.18 48.83 26.40 0.44 11.34 %
2013 - Q3 486.18 46.17 24.34 0.41 7.55 %
2013 - Q2 503.26 47.79 27.40 0.46 3.64 %
2013 - Q1 490.06 44.86 23.56 0.39 3.47 %
2012 - Q4 484.92 43.99 23.71 0.40 0.61 %
2012 - Q3 462.24 41.11 22.64 0.38 2.77 %
2012 - Q2 473.74 45.27 26.43 0.44 7.61 %
2012 - Q1 452.68 41.13 22.77 0.38 3.45 %
2011 - Q4 444.00 42.65 23.57 0.39 27.57 %
2011 - Q3 423.92 40.76 22.03 0.37 4.92 %
2011 - Q2 430.42 43.06 24.56 0.41 (8.00 %)
2011 - Q1 395.84 37.80 22.01 0.37 10.84 %
2010 - Q4 387.24 35.05 18.47 0.31 6.06 %
2010 - Q3 372.72 38.01 20.99 0.35 15.75 %
2010 - Q2 377.90 44.16 26.70 0.44 36.29 %
2010 - Q1 342.53 35.99 19.86 0.33 44.38 %
2009 - Q4 340.96 34.15 17.42 0.29 56.73 %
2009 - Q3 323.21 34.39 18.14 0.30 31.42 %
2009 - Q2 335.22 37.34 19.59 0.33 25.67 %
2009 - Q1 310.12 29.06 13.75 0.23 11.07 %

Business Segments - Revenues (M)

Period Oil services sector Transport sector Adjustments Super Sector 2
2018 - Q1 1,236.02 69.53 (20.38) -
2018 - Q2 1,240.39 70.66 (20.74) -
2018 - Q3 1,235.89 71.60 (19.00) -
2018 - Q4 1,247.46 85.15 (20.00) -
2018 4,959.76 296.94 (80.12) -
more

Per Share Data (SAR)

Period Shares Outstanding (M) EPS (TTM) EPS Before XO Items (TTM) Book Value (BV)
2018 - Q2 60.00 1.20 1.20 10.79
2018 - Q1 60.00 1.20 1.20 10.48
2017 - Q4 60.00 1.08 1.08 10.93
2017 - Q3 60.00 1.13 1.13 10.72
2017 - Q2 60.00 1.13 1.13 10.42
2017 - Q1 60.00 1.30 1.30 10.12
2016 - Q4 60.00 1.52 1.52 10.56
2016 - Q3 60.00 1.79 1.78 10.62
2016 - Q2 60.00 2.03 1.95 10.31
2016 - Q1 60.00 2.16 2.09 9.54
2015 - Q4 60.00 2.40 2.22 10.72
2015 - Q3 60.00 2.37 2.20 10.17
2015 - Q2 60.00 2.28 2.17 9.63
2015 - Q1 60.00 2.25 2.15 9.02
2014 - Q4 60.00 2.06 2.06 9.67
2014 - Q3 60.00 1.98 1.98 9.15
2014 - Q2 60.00 1.94 1.94 8.71
2014 - Q1 60.00 1.81 1.81 8.12
2013 - Q4 60.00 1.69 1.69 8.63
2013 - Q3 60.00 1.65 1.65 8.19
2013 - Q2 60.00 1.62 1.62 7.79
2013 - Q1 60.00 1.61 1.61 7.33
2012 - Q4 60.00 1.59 1.59 7.97
2012 - Q3 60.00 1.59 1.59 7.57
2012 - Q2 60.00 1.58 1.58 7.19
2012 - Q1 60.00 1.55 1.55 6.75
2011 - Q4 60.00 1.54 1.54 7.23
2011 - Q3 60.00 1.45 1.46 6.84
2011 - Q2 60.00 1.43 1.44 6.47
2011 - Q1 60.00 1.47 1.48 6.06
2010 - Q4 60.00 1.43 1.44 6.56
2010 - Q3 60.00 1.42 1.42 6.25
2010 - Q2 60.00 1.37 1.37 5.90
2010 - Q1 60.00 1.25 1.25 5.45
2009 - Q4 60.00 1.15 1.15 5.78
2009 - Q3 60.00 1.04 1.04 5.48
2009 - Q2 60.00 0.97 0.97 5.18
2009 - Q1 60.00 0.90 0.90 4.86

Multiple Ratios (End of Period Price)

Period P/E (TTM) P/E Before Unusual Items (TTM) Price/book
2018 - Q2 19.41 19.41 2.16
2018 - Q1 18.55 18.55 2.13
2017 - Q4 21.33 21.33 2.10
2017 - Q3 20.52 20.52 2.16
2017 - Q2 17.86 17.86 1.93
2017 - Q1 17.75 17.75 2.28
2016 - Q4 17.11 17.11 2.46
2016 - Q3 11.17 11.25 1.88
2016 - Q2 11.24 11.69 2.21
2016 - Q1 11.30 11.72 2.56
2015 - Q4 11.99 12.97 2.69
2015 - Q3 14.88 16.02 3.47
2015 - Q2 19.91 20.88 4.71
2015 - Q1 17.75 18.62 4.44
2014 - Q4 16.57 16.57 3.53
2014 - Q3 19.85 19.85 4.30
2014 - Q2 17.09 17.09 3.81
2014 - Q1 14.58 14.58 3.25
2013 - Q4 13.27 13.27 2.61
2013 - Q3 13.79 13.79 2.78
2013 - Q2 11.44 11.44 2.38
2013 - Q1 10.59 10.59 2.32
2012 - Q4 10.86 10.86 2.17
2012 - Q3 11.51 11.51 2.42
2012 - Q2 10.48 10.48 2.30
2012 - Q1 13.33 13.33 3.06
2011 - Q4 11.93 11.93 2.53
2011 - Q3 12.26 12.17 2.60
2011 - Q2 13.28 13.18 2.94
2011 - Q1 12.19 12.11 2.96
2010 - Q4 13.89 13.80 3.04
2010 - Q3 13.95 13.95 3.16
2010 - Q2 11.90 11.90 2.76
2010 - Q1 12.50 12.50 2.86
2009 - Q4 13.72 13.72 2.73
2009 - Q3 16.46 16.46 3.13
2009 - Q2 12.48 12.48 2.34
2009 - Q1 12.08 12.08 2.25

Average Analysts Estimates

2018 - Q2 (e) 2018 - Q2 (a) Change
Average 25.15 18.20 (27.6 %)

Estimates vs Actual Results

Company 2018 - Q2 (e) 2018 - Q2 (a) Difference
Arbah Capital 22.00 18.20 20.9 %
OBIC 28.30 18.20 55.5 %
Aldrees Petroleum & Transport Services Co.
35.40
(0.10) (0.28 %)
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Financials Highlights (M)

more

Business Segments

Valuation Data (Latest Share Price)

P/E (TTM) 24.59
P/E Before Unusual Items (TTM) 24.59
P/BV 3.34
Dividend Yield 2.70 %
Market Cap. (M) 2,124.00
Return on Average Assets 3.27 %
Return on Average Equity 13.65 %

Quarterly Actuals vs Estimates

Estimates Accuracy

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