Saudi Catering’s net profit rises 6% in nine-months 2015

20/10/2015 Argaam Exclusive

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Share Price

CATRION Catering Holding Co. (CATRION)

Saudi Airlines Catering Co., which provides in-flight catering, reported a net profit of SAR 507.8 million for the first nine months of 2015, marking a 5.5 percent increase compared to the same period last year on business growth.

Financials (M)

Item	9m 2014	9m 2015	Change‬
Revenues	1,600.56	1,704.44	6.5 %
Gross Income	591.24	596.18	0.8 %
Operating Income	468.65	484.91	3.5 %
Net Income	481.11	507.76	5.5 %
Average Shares	82.00	82.00	-
EPS (Riyals)	5.87	6.19	5.5 %

The company reported a net profit of SAR 164.5 million in Q3-2015, a year-on-year growth of 6.1 percent. When compared to the previous quarter (Q2-2015), the company’s net profit fell 6.4 percent due to the termination of some non-profitable contracts.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2014	Q3 2015	Change‬
Revenues	552.54	578.88	4.8 %
Gross Income	188.03	203.26	8.1 %
Operating Income	152.15	159.97	5.1 %
Net Income	154.98	164.50	6.1 %
Average Shares	82.00	82.00	-
EPS (Riyals)	1.89	2.01	6.1 %

Item	Q2 2015	Q3 2015	Change‬
Revenues	565.21	578.88	2.4 %
Gross Income	198.19	203.26	2.6 %
Operating Income	162.82	159.97	(1.7 %)
Net Income	175.82	164.50	(6.4 %)
Average Shares	82.00	82.00	-
EPS (Riyals)	2.14	2.01	(6.4 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	1,022.66	-	443.86	-	270.02	-	3.29
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	1,031.85	0.9 %	457.64	3.1 %	322.90	19.6 %	3.94
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	1,193.16	15.6 %	545.41	19.2 %	417.09	29.2 %	5.09
Q1 2011	291.44	-	119.72	-	87.44	-	1.07
Q2 2011	367.89	-	142.32	-	102.75	-	1.25
Q3 2011	390.62	-	149.44	-	121.12	-	1.48
Q4 2011	415.32	-	146.99	-	109.25	-	1.33
2011	1,465.27	22.8 %	558.46	2.4 %	420.56	0.8 %	5.13
Q1 2012	383.78	31.7 %	141.44	18.1 %	105.92	21.1 %	1.29
Q2 2012	414.28	12.6 %	176.80	24.2 %	143.12	39.3 %	1.75
Q3 2012	442.45	13.3 %	156.70	4.9 %	134.18	10.8 %	1.64
Q4 2012	446.89	7.6 %	153.06	4.1 %	103.83	(5.0 %)	1.27
2012	1,687.39	15.2 %	628.00	12.5 %	487.05	15.8 %	5.94
Q1 2013	451.52	17.7 %	169.80	20.0 %	140.75	32.9 %	1.72
Q2 2013	475.08	14.7 %	188.40	6.6 %	167.99	17.4 %	2.05
Q3 2013	460.52	4.1 %	156.18	(0.3 %)	133.43	(0.6 %)	1.63
Q4 2013	480.37	7.5 %	177.54	16.0 %	127.19	22.5 %	1.55
2013	1,867.50	10.7 %	691.92	10.2 %	569.35	16.9 %	6.94
Q1 2014	496.69	10.0 %	195.56	15.2 %	161.78	14.9 %	1.97
Q2 2014	551.34	16.1 %	207.65	10.2 %	164.35	(2.2 %)	2.00
Q3 2014	552.54	20.0 %	188.03	20.4 %	154.98	16.1 %	1.89
Q4 2014	535.38	11.4 %	183.34	3.3 %	172.83	35.9 %	2.11
2014	2,135.94	14.4 %	774.58	11.9 %	653.93	14.9 %	7.97
Q1 2015	560.35	12.8 %	194.73	(0.4 %)	167.44	3.5 %	2.04
Q2 2015	565.21	2.5 %	198.19	(4.6 %)	175.82	7.0 %	2.14
Q3 2015	578.88	4.8 %	203.26	8.1 %	164.50	6.1 %	2.01

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
2008	1,022.66	-	443.86	-	270.02	-	3.29
2009	1,031.85	0.9 %	457.64	3.1 %	322.90	19.6 %	3.94
2010	1,193.16	15.6 %	545.41	19.2 %	417.09	29.2 %	5.09
2011	1,465.27	22.8 %	558.46	2.4 %	420.56	0.8 %	5.13
2012	1,687.39	15.2 %	628.00	12.5 %	487.05	15.8 %	5.94
2013	1,867.50	10.7 %	691.92	10.2 %	569.35	16.9 %	6.94
2014	2,135.94	14.4 %	774.58	11.9 %	653.93	14.9 %	7.97

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	43.40 %	28.45 %	26.40 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	44.35 %	33.32 %	31.29 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	45.71 %	36.09 %	34.96 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	38.11 %	29.12 %	28.70 %
2011	38.11 %	29.67 %	28.70 %
Q1 2012	37.25 %	28.79 %	28.19 %
Q2 2012	38.32 %	30.72 %	29.89 %
Q3 2012	37.56 %	30.51 %	29.74 %
Q4 2012	37.22 %	30.97 %	30.22 %
2012	37.22 %	30.97 %	30.22 %
Q1 2013	37.40 %	31.70 %	31.03 %
Q2 2013	36.78 %	31.44 %	31.36 %
Q3 2013	36.39 %	30.76 %	31.01 %
Q4 2013	37.05 %	30.06 %	30.49 %
2013	37.05 %	30.06 %	30.49 %
Q1 2014	37.52 %	30.23 %	30.87 %
Q2 2014	37.05 %	29.28 %	29.50 %
Q3 2014	36.94 %	29.26 %	29.23 %
Q4 2014	36.26 %	30.52 %	30.62 %
2014	36.26 %	30.52 %	30.62 %
Q1 2015	35.18 %	29.98 %	29.99 %
Q2 2015	34.53 %	29.94 %	30.32 %
Q3 2015	34.80 %	30.00 %	30.39 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	43.40 %	28.45 %	26.40 %
2009	44.35 %	33.32 %	31.29 %
2010	45.71 %	36.09 %	34.96 %
2011	38.11 %	29.67 %	28.70 %
2012	37.22 %	30.97 %	30.22 %
2013	37.05 %	30.06 %	30.49 %
2014	36.26 %	30.52 %	30.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	41.08 %	-	30.00 %
Q2 2011	38.68 %	27.85 %	27.93 %
Q3 2011	38.26 %	31.93 %	31.01 %
Q4 2011	35.39 %	27.00 %	26.31 %
Q1 2012	36.85 %	28.44 %	27.60 %
Q2 2012	42.68 %	35.41 %	34.55 %
Q3 2012	35.42 %	31.00 %	30.33 %
Q4 2012	34.25 %	29.01 %	28.34 %
Q1 2013	37.61 %	31.64 %	31.17 %
Q2 2013	39.66 %	33.93 %	35.36 %
Q3 2013	33.91 %	28.33 %	28.97 %
Q4 2013	36.96 %	26.39 %	26.48 %
Q1 2014	39.37 %	32.18 %	32.57 %
Q2 2014	37.66 %	29.98 %	29.81 %
Q3 2014	34.03 %	28.40 %	28.05 %
Q4 2014	34.24 %	31.71 %	32.28 %
Q1 2015	34.75 %	29.88 %	29.88 %
Q2 2015	35.06 %	29.84 %	31.11 %
Q3 2015	35.11 %	28.71 %	28.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	-	-	-	-
Q4 2009	-	-	-	-
Q1 2010	-	-	-	-
Q2 2010	-	-	-	-
Q3 2010	-	-	-	-
Q4 2010	-	-	-	-
Q1 2011	82.00	-	-	-
Q2 2011	82.00	-	-	11.27
Q3 2011	82.00	-	-	11.72
Q4 2011	82.00	5.13	5.13	11.96
Q1 2012	82.00	5.35	5.35	11.71
Q2 2012	82.00	5.85	5.85	13.29
Q3 2012	82.00	6.01	6.01	12.81
Q4 2012	82.00	5.94	6.22	12.95
Q1 2013	82.00	6.36	6.64	14.51
Q2 2013	82.00	6.67	6.95	13.71
Q3 2013	82.00	6.66	6.94	13.95
Q4 2013	82.00	6.94	6.94	14.13
Q1 2014	82.00	7.20	7.20	14.27
Q2 2014	82.00	7.16	7.16	14.65
Q3 2014	82.00	7.42	7.42	14.67
Q4 2014	82.00	7.97	7.97	14.95
Q1 2015	82.00	8.04	8.04	16.84
Q2 2015	82.00	8.18	8.18	15.39
Q3 2015	82.00	8.30	8.30	15.58

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	82.00	3.29	3.29	4.29
2009	82.00	3.94	3.94	5.38
2010	82.00	5.09	5.09	10.04
2011	82.00	5.13	5.13	11.96
2012	82.00	5.94	6.22	12.95
2013	82.00	6.94	6.94	14.13
2014	82.00	7.97	7.97	14.95

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	12.15	12.15	5.70
Q4 2012	13.13	12.54	6.02
Q1 2013	14.22	13.62	6.24
Q2 2013	17.51	16.81	8.51
Q3 2013	19.45	18.67	9.28
Q4 2013	20.38	20.38	10.01
Q1 2014	21.88	21.88	11.03
Q2 2014	24.03	24.03	11.74
Q3 2014	25.61	25.61	12.95
Q4 2014	23.31	23.31	12.44
Q1 2015	21.30	21.30	10.18
Q2 2015	20.01	20.01	10.64
Q3 2015	16.74	16.74	8.92

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	13.13	12.54	6.02
2013	20.38	20.38	10.01
2014	23.31	23.31	12.44

Business Segments (Million)

Compared With The

Period	Catering services	sky sales
Q3 2011	350.94	39.69
Q4 2011	376.62	38.70
Q1 2012	341.57	42.21
Q2 2012	370.97	43.32
Q3 2012	397.83	44.62
Q4 2012	400.15	46.74
Q1 2013	404.18	47.34
Q2 2013	427.16	47.92
Q3 2013	414.59	45.93
Q4 2013	432.60	47.77
Q1 2014	447.67	49.02
Q2 2014	498.34	53.00
Q3 2014	500.86	51.68
Q4 2014	479.68	55.70
Q1 2015	505.05	55.30
Q2 2015	508.42	56.79
Q3 2015	517.90	60.98

Period	Catering services	sky sales
2010	1,082.45	110.71
2011	1,318.22	147.05
2012	1,510.51	176.87
2013	1,678.53	188.97
2014	1,926.55	209.39

Analysts Estimates (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change‬
Average	174.90	164.50	(5.9 %)

Estimates vs Actual (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change
SFC	170.00	164.50	(3.2) %
99Hlala Capital	174.00	164.50	(5.5) %
OSOOL AND BAKHEET	175.60	164.50	(6.3) %
AlJazira Capital	176.90	164.50	(7.0) %
Alistithmar Capital	178.00	164.50	(7.6) %

Financial Ratios

	Current
Market Cap (M Riyal)	9,561.20
Enterprise Value (EV) (M)	9,006.58
Shares Outstanding ((M))	82.00
EPS ( Riyal) (TTM)	3.62
Book Value (BV) ( Riyal)	15.45
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	34.68
P/E (TTM)	32.22
Price/book	7.55
Return on Average Assets (%) (TTM)	13.4
Return on Average Equity (%) (TTM)	24.7

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Saudi Catering’s net profit rises 6% in nine-months 2015

View other reports

Share Price

CATRION Catering Holding Co. (CATRION)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2015 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Saudi Catering’s net profit rises 6% in nine-months 2015

View other reports

Share Price

CATRION Catering Holding Co. (CATRION)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2015

Revenue by Business Segment (Latest) 2015 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

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Business Segments (Million)