Saudi Marketing posts SAR 29 mln (+5%) net profit in Q1-2015

15/04/2015 Argaam Exclusive

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Saudi Marketing Co. (Farm), a top retailer in Saudi Arabia, reported a net profit of SAR 29.08 million for first quarter, percent higher compared to the same period in 2014.

 

First quarter's hike was mainly attributed to 11.95 percent rise in sales volumes to SAR 409.5 million, higher revenues, in addition to expanding the company's branches to 52.



Current Quarter Comparison (M)

Compared With The
Item Q1 2014 Q1 2015 Change‬
Revenues 405.04 455.49 12.5 %
Gross Income 93.24 104.58 12.2 %
Operating Income 28.10 32.61 16.0 %
Net Income 27.54 29.08 5.6 %
Average Shares 45.00 45.00 -
EPS (Riyals) 0.61 0.65 5.6 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 303.99 - 62.21 - 17.35 - 0.39
Q3 2011 330.91 - 68.92 - 14.92 - 0.33
Q4 2011 350.17 - 50.81 - 19.48 - 0.43
Q1 2012 342.36 - 64.04 - 18.86 - 0.42
Q2 2012 350.01 15.1 % 78.29 25.8 % 18.76 8.1 % 0.42
Q3 2012 384.15 16.1 % 84.23 22.2 % 23.52 57.7 % 0.52
Q4 2012 419.14 19.7 % 72.64 43.0 % 17.63 (9.5 %) 0.39
Q1 2013 391.22 14.3 % 87.02 35.9 % 24.68 30.9 % 0.55
Q2 2013 397.65 13.6 % 89.20 13.9 % 21.38 14.0 % 0.48
Q3 2013 413.71 7.7 % 89.95 6.8 % 22.21 (5.6 %) 0.49
Q4 2013 423.76 1.1 % 87.89 21.0 % 26.87 52.4 % 0.60
Q1 2014 405.04 3.5 % 93.24 7.2 % 27.54 11.6 % 0.61
Q2 2014 475.21 19.5 % 103.31 15.8 % 29.13 36.2 % 0.65
Q3 2014 409.88 (0.9 %) 103.87 15.5 % 24.70 11.2 % 0.55
Q4 2014 450.89 6.4 % 102.85 17.0 % 23.11 (14.0 %) 0.51
Q1 2015 455.49 12.5 % 104.58 12.2 % 29.08 5.6 % 0.65

Profitability

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 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 18.53 % 6.38 % 5.32 %
Q2 2012 19.08 % 6.99 % 5.24 %
Q3 2012 19.44 % 7.31 % 5.65 %
Q4 2012 20.00 % 6.66 % 5.27 %
Q1 2013 20.86 % 6.92 % 5.48 %
Q2 2013 20.92 % 6.91 % 5.48 %
Q3 2013 20.89 % 6.70 % 5.30 %
Q4 2013 21.77 % 7.62 % 5.85 %
Q1 2014 21.97 % 7.70 % 5.98 %
Q2 2014 21.80 % 7.85 % 6.16 %
Q3 2014 22.66 % 8.26 % 6.32 %
Q4 2014 23.16 % 8.27 % 6.00 %
Q1 2015 23.14 % 8.40 % 5.92 %


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 - - - -
Q2 2011 45.00 - - 7.10
Q3 2011 45.00 - - 7.60
Q4 2011 45.00 - - 7.73
Q1 2012 45.00 1.57 1.57 8.15
Q2 2012 45.00 1.60 1.60 8.56
Q3 2012 45.00 1.79 1.79 9.09
Q4 2012 45.00 1.75 1.75 9.20
Q1 2013 45.00 1.88 1.88 8.43
Q2 2013 45.00 1.94 1.94 8.90
Q3 2013 45.00 1.91 1.91 9.40
Q4 2013 45.00 2.11 2.11 8.72
Q1 2014 45.00 2.18 2.18 9.33
Q2 2014 45.00 2.35 2.35 9.97
Q3 2014 45.00 2.41 2.41 10.52
Q4 2014 45.00 2.32 2.32 11.04
Q1 2015 45.00 2.36 2.36 11.68

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 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 22.00 22.00 5.14
Q2 2014 27.20 27.20 6.41
Q3 2014 30.58 30.58 6.99
Q4 2014 27.42 27.42 5.77
Q1 2015 24.69 24.69 4.98

Analysts Estimates (Million)

Item Q1 2015 (e) Q1 2015 (a) Change‬
Average 32.00 29.08 (9.1 %)

Estimates vs Actual (Million)

Item Q1 2015 (e) Q1 2015 (a) Change
Albilad Capital 32.00 29.08 (9.1) %

Current
Market Cap (M Riyal) 1,000.80
Enterprise Value (EV) (M) 1,510.57
Shares Outstanding ((M)) 45.00
EPS ( Riyal) (TTM) 0.47
Book Value (BV) ( Riyal) 14.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 43.15
P/E (TTM) 47.22
Price/book 1.50
Return on Average Assets (%) (TTM) 0.9
Return on Average Equity (%) (TTM) 3.2

Share Price

22.24
(0.08) (0.36 %)

Saudi Marketing Co. (FARM SUPERSTORES)


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