SISCO posts higher net profit at SAR 34.1m in I2 of 2014

20/07/2014 Argaam Exclusive

 

Saudi Industrial Services Company, reported SAR 34.1m net profit at the end of the first half of 2014, a 3% increase compared to the same period last year, as shown in the following table:

 

Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 266.10 264.53 (0.6 %)
Gross Income 137.68 128.19 (6.9 %)
Operating Income 78.82 68.04 (13.7 %)
Net Income 33.04 34.09 3.2 %
Average Shares 81.60 81.60 -
EPS (Riyals) 0.40 0.42 3.2 %

Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 142.55 143.10 0.4 %
Gross Income 76.21 71.87 (5.7 %)
Operating Income 44.07 40.99 (7.0 %)
Net Income 19.59 21.72 10.8 %
Average Shares 81.60 81.60 -
EPS (Riyals) 0.24 0.27 10.8 %

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Share Price

Saudi Industrial Services Co.
28.15
0.40 1.44 %

Saudi Industrial Services Co. (SISCO)

Financial Ratios
Current
Market Cap (M Riyal) 2,297.04
Enterprise Value (EV) (M) 3,083.19
Shares Outstanding ((M)) 81.60
EPS ( Riyal) (TTM) 0.45
Book Value (BV) ( Riyal) 18.58
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 1.52
Return on Average Assets (%) (TTM) 0.7
Return on Average Equity (%) (TTM) 2.4
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Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS (Riyal)
Q1 2005 12.20 (2.6 %) 0.88 (30.1 %) (0.73) (108.3 %) (0.01)
Q2 2005 12.67 (1.0 %) 0.99 (19.4 %) (1.83) (148.9 %) (0.02)
Q3 2005 30.34 144.2 % 10.44 1138.4 % 10.05 1043.0 % 0.12
Q4 2005 18.95 53.4 % 4.79 494.0 % 5.43 305.3 % 0.07
Q1 2006 18.58 52.3 % 4.52 415.8 % 0.97 234.2 % 0.01
Q2 2006 17.68 39.5 % 5.10 412.7 % 0.78 142.9 % 0.01
Q3 2006 16.20 (46.6 %) 5.41 (48.2 %) 0.67 (93.3 %) 0.01
Q4 2006 21.60 14.0 % 9.54 99.3 % 2.67 (50.9 %) 0.03
Q1 2007 22.50 21.1 % 8.02 77.2 % 1.07 10.2 % 0.01
Q2 2007 26.96 52.5 % 11.50 125.6 % 2.72 247.3 % 0.03
Q3 2007 29.61 82.7 % 12.75 135.7 % 2.42 260.0 % 0.03
Q4 2007 28.74 33.1 % 10.89 14.2 % (11.53) (532.3 %) (0.14)
Q1 2008 31.49 40.0 % 13.12 63.7 % (0.26) (124.0 %) 0.00
Q2 2008 34.04 26.3 % 15.35 33.5 % 0.90 (67.0 %) 0.01
Q3 2008 34.65 17.0 % 15.34 20.3 % 1.04 (57.2 %) 0.01
Q4 2008 35.07 22.0 % 16.37 50.3 % (25.88) (124.5 %) (0.32)
Q1 2009 35.07 11.4 % 16.45 25.4 % 0.70 369.4 % 0.01
Q2 2009 37.19 9.3 % 17.62 14.8 % (1.99) (322.3 %) (0.02)
Q3 2009 36.15 4.3 % 16.96 10.5 % 0.77 (25.3 %) 0.01
Q4 2009 30.48 (13.1 %) 13.89 (15.2 %) 1.77 106.8 % 0.02
Q1 2010 55.16 57.3 % 20.58 25.1 % 2.10 201.7 % 0.03
Q2 2010 67.11 80.5 % 28.08 59.3 % 2.21 211.1 % 0.03
Q3 2010 77.23 113.6 % 31.46 85.5 % 0.23 (70.0 %) 0.00
Q4 2010 82.34 170.1 % 28.37 104.2 % (2.42) (236.4 %) (0.03)
Q1 2011 79.19 43.6 % 31.46 52.8 % (0.78) (137.4 %) (0.01)
Q2 2011 96.20 43.3 % 39.31 40.0 % 5.35 141.5 % 0.07
Q3 2011 110.78 43.4 % 52.49 66.8 % 7.00 2915.1 % 0.09
Q4 2011 112.09 36.1 % 40.08 41.3 % (0.51) 78.7 % (0.01)
Q1 2012 107.73 36.0 % 47.39 50.6 % 6.49 927.4 % 0.08
Q2 2012 121.48 26.3 % 51.84 31.9 % 10.97 105.1 % 0.13
Q3 2012 122.98 11.0 % 54.91 4.6 % 11.92 70.4 % 0.15
Q4 2012 121.25 8.2 % 61.64 53.8 % 8.86 1823.0 % 0.11
Q1 2013 123.55 14.7 % 61.47 29.7 % 13.44 107.2 % 0.16
Q2 2013 142.55 17.3 % 76.21 47.0 % 19.59 78.7 % 0.24
Q3 2013 128.33 4.3 % 62.64 14.1 % 11.25 (5.7 %) 0.14
Q4 2013 125.60 3.6 % 59.30 (3.8 %) 11.76 32.8 % 0.14
Q1 2014 121.44 (1.7 %) 56.32 (8.4 %) 12.37 (8.0 %) 0.15
Q2 2014 143.10 0.4 % 71.87 (5.7 %) 21.72 10.8 % 0.27

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 7.55 % (6.76 %) (10.39 %)
Q2 2005 7.09 % (8.66 %) (12.62 %)
Q3 2005 19.41 % 4.77 % 7.18 %
Q4 2005 23.06 % 8.22 % 17.44 %
Q1 2006 25.76 % 11.14 % 18.16 %
Q2 2006 29.04 % 15.10 % 20.15 %
Q3 2006 27.75 % 13.99 % 11.01 %
Q4 2006 33.18 % 21.22 % 6.88 %
Q1 2007 35.99 % 26.24 % 6.66 %
Q2 2007 39.50 % 33.13 % 8.17 %
Q3 2007 41.53 % 37.18 % 8.82 %
Q4 2007 40.04 % 33.95 % (6.98 %)
Q1 2008 41.33 % 33.19 % (7.58 %)
Q2 2008 42.08 % 30.05 % (8.62 %)
Q3 2008 42.44 % 24.71 % (9.36 %)
Q4 2008 44.51 % 25.43 % (17.90 %)
Q1 2009 45.76 % 25.53 % (16.75 %)
Q2 2009 46.34 % 21.50 % (18.41 %)
Q3 2009 46.98 % 23.08 % (18.40 %)
Q4 2009 46.74 % 24.33 % 0.90 %
Q1 2010 43.44 % 28.07 % 1.67 %
Q2 2010 42.09 % 33.58 % 3.63 %
Q3 2010 40.88 % 37.29 % 2.74 %
Q4 2010 38.50 % 38.46 % 0.76 %
Q1 2011 39.03 % 39.26 % (0.25 %)
Q2 2011 38.99 % 40.90 % 0.71 %
Q3 2011 41.15 % 42.44 % 2.48 %
Q4 2011 41.01 % 39.13 % 2.77 %
Q1 2012 42.00 % 38.90 % 1.95 %
Q2 2012 42.43 % 39.65 % 3.08 %
Q3 2012 41.83 % 40.81 % 4.06 %
Q4 2012 45.58 % 45.44 % 6.00 %
Q1 2013 46.98 % 47.60 % 9.28 %
Q2 2013 49.82 % 48.95 % 10.63 %
Q3 2013 50.80 % 47.87 % 10.41 %
Q4 2013 49.93 % 47.92 % 11.06 %
Q1 2014 49.13 % 46.89 % 9.78 %
Q2 2014 48.24 % 46.63 % 10.14 %

Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS Adjusted EPS Book Value (BV)
Q1 2005 81.60 (0.06) (0.06) 5.02
Q2 2005 81.60 (0.08) (0.08) 5.00
Q3 2005 81.60 0.06 0.06 5.45
Q4 2005 81.60 0.16 0.16 5.57
Q1 2006 81.60 0.18 0.18 5.56
Q2 2006 81.60 0.21 0.21 5.44
Q3 2006 81.60 0.10 0.10 5.39
Q4 2006 81.60 0.06 0.06 5.27
Q1 2007 81.60 0.06 0.06 5.29
Q2 2007 81.60 0.09 0.09 5.30
Q3 2007 81.60 0.11 0.11 5.38
Q4 2007 81.60 (0.07) (0.09) 5.22
Q1 2008 81.60 (0.08) (0.11) 5.16
Q2 2008 81.60 (0.10) (0.13) 5.20
Q3 2008 81.60 (0.12) (0.15) 9.00
Q4 2008 81.60 (0.30) (0.30) 8.84
Q1 2009 81.60 (0.28) (0.28) 8.85
Q2 2009 81.60 (0.32) (0.32) 8.87
Q3 2009 81.60 (0.32) (0.32) 8.92
Q4 2009 81.60 0.02 0.02 8.94
Q1 2010 81.60 0.03 0.03 9.02
Q2 2010 81.60 0.08 0.08 9.02
Q3 2010 81.60 0.08 0.08 9.04
Q4 2010 81.60 0.03 0.03 8.89
Q1 2011 81.60 (0.01) (0.01) 8.88
Q2 2011 81.60 0.03 0.03 8.94
Q3 2011 81.60 0.11 0.11 9.03
Q4 2011 81.60 0.14 0.14 9.02
Q1 2012 81.60 0.22 0.10 9.06
Q2 2012 81.60 0.29 0.17 9.14
Q3 2012 81.60 0.35 0.23 9.21
Q4 2012 81.60 0.47 0.35 9.39
Q1 2013 81.60 0.55 0.56 9.51
Q2 2013 81.60 0.66 0.66 9.83
Q3 2013 81.60 0.65 0.66 9.93
Q4 2013 81.60 0.69 0.70 10.13
Q1 2014 81.60 0.67 0.62 10.25
Q2 2014 81.60 0.70 0.64 10.53

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 NEG NEG 2.90
Q2 2005 NEG NEG 4.14
Q3 2005 More than 50 More than 50 6.67
Q4 2005 More than 50 More than 50 8.82
Q1 2006 More than 50 More than 50 7.51
Q2 2006 More than 50 More than 50 7.47
Q3 2006 More than 50 More than 50 16.19
Q4 2006 More than 50 More than 50 4.07
Q1 2007 More than 50 More than 50 3.88
Q2 2007 More than 50 More than 50 3.10
Q3 2007 More than 50 More than 50 3.69
Q4 2007 NEG NEG 4.33
Q1 2008 NEG NEG 3.00
Q2 2008 NEG NEG 3.32
Q3 2008 NEG NEG 1.23
Q4 2008 NEG NEG 0.89
Q1 2009 NEG NEG 0.88
Q2 2009 NEG NEG 1.20
Q3 2009 NEG NEG 1.50
Q4 2009 More than 50 More than 50 1.38
Q1 2010 More than 50 More than 50 1.47
Q2 2010 More than 50 More than 50 1.15
Q3 2010 More than 50 More than 50 1.52
Q4 2010 More than 50 More than 50 1.41
Q1 2011 NEG NEG 1.23
Q2 2011 More than 50 More than 50 1.36
Q3 2011 More than 50 More than 50 1.12
Q4 2011 More than 50 More than 50 1.22
Q1 2012 More than 50 More than 50 1.78
Q2 2012 37.06 More than 50 1.19
Q3 2012 35.46 More than 50 1.36
Q4 2012 24.27 32.67 1.21
Q1 2013 22.34 22.23 1.30
Q2 2013 17.24 17.11 1.16
Q3 2013 19.26 19.06 1.26
Q4 2013 20.44 19.92 1.39
Q1 2014 22.01 23.89 1.45
Q2 2014 20.89 22.68 1.39

Business Segments (Million)

Compared With The
Period Port development and operation Logistic parks and support service Water desalination and distriution Industrial support service
Q1 2007 - 3.04 12.30 7.16
Q2 2007 - 3.74 15.54