Care posts higher net profit at SAR 31.1m in I1 of 2013

31/03/2013 Argaam Exclusive

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National Medical Care Co., listed lately in the Saudi securities market, reported SAR 31.1m net profit at the end of the first quarter of 2013, a 8% increase compared to the same period last year, as shown in the following table:



Current Quarter Comparison (M)

Compared With The
Item Q1 2012 Q1 2013 Change‬
Revenues 128.87 145.36 12.8 %
Gross Income 35.53 38.75 9.0 %
Operating Income 28.74 31.05 8.0 %
Net Income 28.88 31.12 7.8 %
Average Shares 44.85 44.85 -
EPS (Riyals) 0.64 0.69 7.8 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2004 - - - - - - -
Q2 2004 - - - - - - -
Q3 2004 - - - - - - -
Q4 2004 - - - - - - -
Q1 2005 - - - - - - -
Q2 2005 - - - - - - -
Q3 2005 - - - - - - -
Q4 2005 - - - - - - -
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 91.40 - 20.01 - 18.07 - 0.40
Q2 2009 95.71 - 19.86 - 17.04 - 0.38
Q3 2009 91.41 - 13.72 - 15.88 - 0.35
Q4 2009 95.93 - 22.60 - 5.72 - 0.13
Q1 2010 110.53 20.9 % 29.63 48.1 % 25.67 42.1 % 0.57
Q2 2010 110.45 15.4 % 26.13 31.6 % 20.70 21.5 % 0.46
Q3 2010 95.98 5.0 % 23.35 70.2 % 20.51 29.2 % 0.46
Q4 2010 109.27 13.9 % 24.73 9.4 % 17.87 212.4 % 0.40
Q1 2011 114.09 3.2 % 34.44 16.2 % 28.58 11.3 % 0.64
Q2 2011 119.28 8.0 % 34.44 31.8 % 28.64 38.4 % 0.64
Q3 2011 106.50 11.0 % 24.26 3.9 % 18.54 (9.6 %) 0.41
Q4 2011 118.41 8.4 % 28.19 14.0 % 18.96 6.1 % 0.42
Q1 2012 128.87 13.0 % 35.53 3.2 % 28.88 1.0 % 0.64
Q2 2012 137.27 15.1 % 37.60 9.2 % 29.59 3.3 % 0.66
Q3 2012 121.00 13.6 % 30.07 23.9 % 21.46 15.7 % 0.48
Q4 2012 137.61 16.2 % 31.93 13.3 % 25.03 32.0 % 0.56
Q1 2013 145.36 12.8 % 38.75 9.0 % 31.12 7.8 % 0.69

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 20.35 % 20.91 % 15.14 %
Q1 2010 21.80 % 22.04 % 16.34 %
Q2 2010 22.55 % 22.04 % 16.65 %
Q3 2010 24.63 % 23.32 % 17.58 %
Q4 2010 24.36 % 25.12 % 19.88 %
Q1 2011 25.28 % 25.61 % 20.40 %
Q2 2011 26.67 % 26.85 % 21.80 %
Q3 2011 26.24 % 26.11 % 20.85 %
Q4 2011 26.48 % 26.55 % 20.67 %
Q1 2012 25.88 % 25.84 % 20.09 %
Q2 2012 25.57 % 25.38 % 19.54 %
Q3 2012 25.99 % 25.46 % 19.56 %
Q4 2012 25.75 % 25.14 % 20.00 %
Q1 2013 25.56 % 24.89 % 19.81 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2004 - - - -
Q2 2004 - - - -
Q3 2004 - - - -
Q4 2004 - - - -
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
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 44.85 - - 8.46
Q2 2009 44.85 - - 8.84
Q3 2009 44.85 - - 9.19
Q4 2009 44.85 1.26 1.26 9.29
Q1 2010 44.85 1.43 1.43 9.87
Q2 2010 44.85 1.52 1.52 9.99
Q3 2010 44.85 1.62 1.62 10.45
Q4 2010 44.85 1.89 1.89 10.85
Q1 2011 44.85 1.95 1.95 10.85
Q2 2011 44.85 2.13 2.13 11.49
Q3 2011 44.85 2.09 2.09 11.90
Q4 2011 44.85 2.11 2.11 12.32
Q1 2012 44.85 2.12 2.12 12.97
Q2 2012 44.85 2.14 2.14 12.57
Q3 2012 44.85 2.20 2.20 13.04
Q4 2012 44.85 2.34 2.34 13.60
Q1 2013 44.85 2.39 2.39 18.19

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 - - -
Q4 2012 - - -
Q1 2013 30.02 30.02 3.94

Business Segments (Million)

Compared With The
Period Medical Services Pharmacies
Q1 2010 85.68 24.84
Q2 2010 84.16 26.29
Q3 2010 74.56 21.42
Q4 2010 84.07 25.20
Q1 2011 89.20 24.89
Q2 2011 94.51 24.77
Q3 2011 84.02 22.49
Q4 2011 93.61 24.79
Q1 2012 102.83 26.04
Q2 2012 109.44 27.83
Q3 2012 96.87 24.14
Q4 2012 109.84 27.76
Q1 2013 117.72 27.65

Current
Market Cap (M Riyal) 9,014.85
Enterprise Value (EV) (M) 8,711.86
Shares Outstanding ((M)) 44.85
EPS ( Riyal) (TTM) 5.93
Book Value (BV) ( Riyal) 34.22
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 36.04
P/E (TTM) 33.90
Price/book 5.87
Return on Average Assets (%) (TTM) 13.2
Return on Average Equity (%) (TTM) 18.6

Share Price

201.00
1.60 0.80 %

National Medical Care Co. (CARE)


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