Aslak net profit rises 7% in H1 2019

Argaam Report: Last Updated Date (18/07/2019)

United Wire Factories Co. (Aslak) reported net profit after zakat and tax of SAR 16 million for the first half of 2019, a rise of 7.3 percent year-on-year (YoY), due to higher sales and other income.

 

In addition, the first-half results were also bolstered by demand growth and lower zakat expenses.

Financials Highlights (M)

Item 6m-2018 6m -2019 Change‬
Revenues 290.60 336.89 15.9 %
Gross Income 35.10 34.30 (2.3 %)
Operating Income 20.90 18.68 (10.6 %)
Net Income 15.00 16.13 7.5 %
Average Shares 43.88 43.88 -
EPS (Riyal) 0.34 0.37 7.5 %

Q2 net profit dropped 17.8 percent YoY to SAR 6 million, hit by a decline in sales and profit margins, along with weak demand.

 

When compared to the previous quarter, Aslak’s net profit fell 40.6 percent also due to lower sales and demand during Ramadan and Eid Al-Fitr.

Historical Performance (M)

Period Revenues Gross Income Net Income EPS (Riyal) Earnings Growth
2019 - - - - -
2019 - Q4 - - - - -
2019 - Q3 - - - - -
2019 - Q2 144.10 13.17 6.01 0.14 (17.74 %)
2019 - Q1 192.79 21.13 10.12 0.23 30.86 %
2018 - Q4 137.73 2.40 (8.43) (0.19) (183.12 %)
2018 - Q3 106.65 8.67 0.49 0.01 (93.26 %)
2018 - Q2 145.60 15.80 7.30 0.17 1,380.73 %
2018 - Q1 145.02 19.29 7.74 0.18 0.34 %
2017 - Q4 167.01 18.76 10.14 0.23 (12.94 %)
2017 - Q3 129.98 18.95 7.23 0.16 (49.60 %)
2017 - Q2 135.13 12.19 0.49 0.01 (98.72 %)
2017 - Q1 144.64 18.76 7.71 0.18 (55.42 %)
2016 - Q4 157.39 23.72 11.65 0.27 (4.05 %)
2016 - Q3 126.19 24.12 14.34 0.33 (32.27 %)
2016 - Q2 196.81 56.48 38.61 0.88 54.84 %
2016 - Q1 209.64 32.49 17.29 0.39 23.90 %
2015 - Q4 218.49 25.51 12.14 0.28 (5.66 %)
2015 - Q3 182.92 31.98 21.17 0.48 3.85 %
2015 - Q2 268.77 37.80 24.94 0.57 (16.94 %)
2015 - Q1 233.19 25.04 13.96 0.32 (54.06 %)
2014 - Q4 206.35 21.79 12.87 0.29 (47.79 %)
2014 - Q3 204.19 28.56 20.38 0.46 (12.53 %)
2014 - Q2 262.36 37.73 30.02 0.68 (11.10 %)
2014 - Q1 279.95 39.33 30.38 0.69 (23.28 %)
2013 - Q4 229.15 32.32 24.65 0.56 (20.58 %)
2013 - Q3 225.78 32.13 23.30 0.53 9.70 %
2013 - Q2 268.15 40.66 33.77 0.77 12.04 %
2013 - Q1 278.25 45.51 39.60 0.90 20.26 %
2012 - Q4 234.64 37.79 31.04 0.71 97.39 %
2012 - Q3 209.77 26.43 21.24 0.48 (1.39 %)
2012 - Q2 283.21 35.30 30.14 0.69 (2.05 %)
2012 - Q1 277.60 38.27 32.93 0.75 (15.30 %)
2011 - Q4 234.97 21.74 15.73 0.36 (41.97 %)
2011 - Q3 187.98 25.48 21.54 0.49 (24.74 %)
2011 - Q2 226.57 34.88 30.77 0.70 (13.57 %)
2011 - Q1 205.56 42.35 38.88 0.89 59.34 %
2010 - Q4 152.22 30.02 27.10 0.62 57.01 %
2010 - Q3 133.70 34.29 28.62 0.65 67.55 %
2010 - Q2 161.54 39.27 35.60 0.81 -
2010 - Q1 123.14 28.53 24.40 0.56 -

Business Segments - Revenues (M)

Period Construction sector The civil sector
2019 - Q1 165.15 27.64
2019 - Q2 104.51 39.59
2019 - Q3 - -
2019 - Q4 - -
2019 - -
more

Per Share Data (Riyal)

Period Shares Outstanding (M) EPS (TTM) EPS Before XO Items (TTM) Book Value (BV)
2019 - Q2 43.88 0.19 0.19 11.91
2019 - Q1 43.88 0.22 0.22 11.78
2018 - Q4 43.88 0.16 0.16 11.54
2018 - Q3 43.88 0.58 0.58 11.77
2018 - Q2 43.88 0.74 0.74 11.72
2018 - Q1 43.88 0.58 0.58 12.09
2017 - Q4 43.88 0.58 0.58 11.92
2017 - Q3 43.88 0.62 0.62 11.66
2017 - Q2 43.88 0.78 0.78 11.50
2017 - Q1 43.88 1.65 1.65 11.49
2016 - Q4 43.88 1.87 1.87 11.96
2016 - Q3 43.88 1.88 1.88 11.72
2016 - Q2 43.88 2.03 2.03 12.41
2016 - Q1 43.88 1.72 1.72 11.51
2015 - Q4 43.88 1.65 1.65 11.79
2015 - Q3 43.88 1.66 1.66 11.51
2015 - Q2 43.88 1.64 1.64 11.83
2015 - Q1 43.88 1.76 1.76 11.26
2014 - Q4 43.88 2.13 2.13 11.47
2014 - Q3 43.88 2.40 2.40 11.19
2014 - Q2 43.88 2.47 2.47 12.04
2014 - Q1 43.88 2.55 2.55 11.41
2013 - Q4 43.88 2.76 2.76 10.78
2013 - Q3 43.88 2.91 2.91 10.27
2013 - Q2 43.88 2.86 2.86 10.92
2013 - Q1 43.88 2.78 2.78 10.21
2012 - Q4 43.88 2.63 2.63 9.38
2012 - Q3 43.88 2.28 2.28 9.65
2012 - Q2 43.88 2.29 2.29 9.22
2012 - Q1 43.88 2.30 2.30 8.59
2011 - Q4 43.88 2.44 2.44 8.62
2011 - Q3 43.88 2.70 2.70 8.89
2011 - Q2 43.88 2.86 2.86 8.42
2011 - Q1 43.88 2.97 2.97 8.32
2010 - Q4 43.88 2.64 2.64 7.49
2010 - Q3 43.88 2.41 2.41 7.54
2010 - Q2 43.88 2.15 2.15 6.95
2010 - Q1 43.88 1.34 1.34 6.92

Multiple Ratios (End of Period Price)

Period P/E (TTM) P/E Before Unusual Items (TTM) Price/book
2019 - Q2 HIGH HIGH 1.22
2019 - Q1 HIGH HIGH 1.39
2018 - Q4 HIGH HIGH 1.23
2018 - Q3 26.49 26.49 1.32
2018 - Q2 23.69 23.69 1.49
2018 - Q1 26.89 26.89 1.30
2017 - Q4 27.26 27.26 1.33
2017 - Q3 28.92 28.92 1.53
2017 - Q2 24.01 24.01 1.63
2017 - Q1 14.00 14.00 2.01
2016 - Q4 13.78 13.78 2.15
2016 - Q3 9.96 9.96 1.60
2016 - Q2 11.57 11.57 1.90
2016 - Q1 10.38 10.38 1.55
2015 - Q4 13.36 13.36 1.86
2015 - Q3 15.65 15.65 2.26
2015 - Q2 20.15 20.15 2.80
2015 - Q1 18.70 18.70 2.92
2014 - Q4 16.11 16.11 3.00
2014 - Q3 20.76 20.76 4.46
2014 - Q2 18.14 18.14 3.72
2014 - Q1 15.06 15.06 3.37
2013 - Q4 12.83 12.83 3.29
2013 - Q3 11.79 11.79 3.34
2013 - Q2 12.20 12.20 3.20
2013 - Q1 10.36 10.36 2.82
2012 - Q4 9.78 9.78 2.74
2012 - Q3 12.41 12.41 2.93
2012 - Q2 11.60 11.60 2.88
2012 - Q1 14.90 14.90 3.99
2011 - Q4 12.98 12.98 3.67
2011 - Q3 10.66 10.66 3.23
2011 - Q2 - - -
2011 - Q1 - - -
2010 - Q4 - - -
2010 - Q3 - - -
2010 - Q2 - - -
2010 - Q1 - - -

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United Wire Factories Company
14.90
(0.16) (1.06 %)
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Financials Highlights (M)

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Business Segments

Valuation Data (Latest Share Price)

P/E (TTM) HIGH
P/E Before Unusual Items (TTM) HIGH
P/BV 1.25
Dividend Yield -
Market Cap. (M) 653.66
Return on Average Assets 1.43 %
Return on Average Equity 1.58 %

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