Farm Superstores' net profit down 17% in 9M on lower demand

18/10/2016 Argaam Exclusive

View other reports

Saudi Marketing Co. (Farm Superstores) reported a net profit of SAR 75.8 million for the first nine months of 2016, a 17 percent year-on-year (YoY) drop attributed to lower demand, the slowdown in sales due to summer holidays, as well as ongoing offers and promotions.

Gross profit also fell 4.7 percent, the company said.

Financials (M)

Item	9m 2015	9m 2016	Change‬
Revenues	1,417.99	1,440.10	1.6 %
Gross Income	348.06	376.00	8.0 %
Operating Income	103.21	83.77	(18.8 %)
Net Income	90.86	75.81	(16.6 %)
Average Shares	45.00	45.00	-
EPS (Riyals)	2.02	1.68	(16.6 %)

Net profit for third quarter was down 20 percent YoY to SAR 23.1 million, driven by a 4 percent slump in revenue due to summer holidays and lower demand. Also, the company's sales fell by SAR 2.1 million in Q3 due to volatile economic conditions.

Q3 profit fell 15 percent when compared to the previous quarter on a 17.4 percent drop in revenue due to summer holidays and seasonal factors.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2015	Q3 2016	Change‬
Revenues	448.70	433.06	(3.5 %)
Gross Income	120.48	120.16	(0.3 %)
Operating Income	36.39	26.35	(27.6 %)
Net Income	28.95	23.19	(19.9 %)
Average Shares	45.00	45.00	-
EPS (Riyals)	0.64	0.52	(19.9 %)

Item	Q2 2016	Q3 2016	Change‬
Revenues	524.82	433.06	(17.5 %)
Gross Income	130.10	120.16	(7.6 %)
Operating Income	28.69	26.35	(8.2 %)
Net Income	27.17	23.19	(14.7 %)
Average Shares	45.00	45.00	-
EPS (Riyals)	0.60	0.52	(14.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	899.12	-	195.73	-	45.31	-	1.01
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	1,025.78	14.1 %	204.37	4.4 %	56.10	23.8 %	1.25
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
2011	1,253.14	22.2 %	235.73	15.3 %	66.57	18.7 %	1.48
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
2012	1,495.67	19.4 %	299.19	26.9 %	78.76	18.3 %	1.75
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
2013	1,626.34	8.7 %	354.06	18.3 %	95.15	20.8 %	2.11
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
2014	1,740.72	7.0 %	402.98	13.8 %	104.48	9.8 %	2.32
Q1 2015	455.49	12.5 %	104.58	12.2 %	29.08	5.6 %	0.65
Q2 2015	513.81	8.1 %	123.00	19.1 %	32.83	12.7 %	0.73
Q3 2015	448.70	9.5 %	120.48	16.0 %	28.95	17.2 %	0.64
Q4 2015	474.32	5.2 %	108.13	5.1 %	16.28	(29.5 %)	0.36
2015	1,892.32	8.7 %	456.19	13.2 %	107.15	2.6 %	2.38
Q1 2016	482.23	5.9 %	112.15	7.2 %	25.45	(12.5 %)	0.57
Q2 2016	524.82	2.1 %	130.10	5.8 %	27.17	(17.2 %)	0.60
Q3 2016	433.06	(3.5 %)	120.16	(0.3 %)	23.19	(19.9 %)	0.52

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2006	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	899.12	-	195.73	-	45.31	-	1.01
2010	1,025.78	14.1 %	204.37	4.4 %	56.10	23.8 %	1.25
2011	1,253.14	22.2 %	235.73	15.3 %	66.57	18.7 %	1.48
2012	1,495.67	19.4 %	299.19	26.9 %	78.76	18.3 %	1.75
2013	1,626.34	8.7 %	354.06	18.3 %	95.15	20.8 %	2.11
2014	1,740.72	7.0 %	402.98	13.8 %	104.48	9.8 %	2.32
2015	1,892.32	8.7 %	456.19	13.2 %	107.15	2.6 %	2.38

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	21.77 %	7.23 %	5.04 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	19.92 %	7.73 %	5.47 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	18.81 %	6.93 %	5.31 %
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 %
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 %
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 %
2014	23.15 %	8.27 %	6.00 %
Q1 2015	23.14 %	8.40 %	5.92 %
Q2 2015	23.73 %	8.60 %	6.00 %
Q3 2015	24.13 %	9.07 %	6.29 %
Q4 2015	24.11 %	8.39 %	5.81 %
2015	24.11 %	8.39 %	5.81 %
Q1 2016	24.17 %	8.14 %	5.54 %
Q2 2016	24.40 %	7.86 %	5.21 %
Q3 2016	24.58 %	7.47 %	4.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	21.77 %	7.23 %	5.04 %
2010	19.92 %	7.73 %	5.47 %
2011	18.81 %	6.93 %	5.31 %
2012	20.00 %	6.66 %	5.27 %
2013	21.77 %	7.62 %	5.85 %
2014	23.15 %	8.27 %	6.00 %
2015	24.11 %	8.39 %	5.81 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	20.46 %	-	5.71 %
Q3 2011	20.83 %	6.32 %	4.51 %
Q4 2011	14.51 %	6.71 %	5.56 %
Q1 2012	18.70 %	7.61 %	5.51 %
Q2 2012	22.37 %	7.29 %	5.36 %
Q3 2012	21.93 %	7.62 %	6.12 %
Q4 2012	17.33 %	4.48 %	4.21 %
Q1 2013	22.24 %	8.51 %	6.31 %
Q2 2013	22.43 %	7.20 %	5.38 %
Q3 2013	21.74 %	6.74 %	5.37 %
Q4 2013	20.74 %	8.04 %	6.34 %
Q1 2014	23.02 %	8.82 %	6.80 %
Q2 2014	21.74 %	7.82 %	6.13 %
Q3 2014	25.34 %	8.45 %	6.03 %
Q4 2014	22.81 %	8.08 %	5.12 %
Q1 2015	22.96 %	9.26 %	6.38 %
Q2 2015	23.94 %	8.61 %	6.39 %
Q3 2015	26.85 %	10.39 %	7.27 %
Q4 2015	22.80 %	5.41 %	3.24 %
Q1 2016	23.26 %	8.22 %	5.28 %
Q2 2016	24.79 %	7.59 %	5.18 %
Q3 2016	27.75 %	8.73 %	5.35 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q2 2015	45.00	2.44	2.44	11.25
Q3 2015	45.00	2.53	2.61	11.89
Q4 2015	45.00	2.38	2.44	12.22
Q1 2016	45.00	2.30	2.36	12.63
Q2 2016	45.00	2.17	2.24	13.24
Q3 2016	45.00	2.05	2.03	13.75

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	-	-	-	-
2007	-	-	-	-
2008	-	-	-	-
2009	45.00	1.01	1.01	5.55
2010	45.00	1.25	1.25	6.38
2011	45.00	1.48	1.48	7.73
2012	45.00	1.75	1.75	9.20
2013	45.00	2.11	2.11	8.72
2014	45.00	2.32	2.32	11.04
2015	45.00	2.38	2.44	12.22

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q2 2015	24.25	24.25	5.26
Q3 2015	20.03	19.40	4.27
Q4 2015	20.10	19.60	3.92
Q1 2016	16.72	16.29	3.04
Q2 2016	19.46	18.92	3.20
Q3 2016	10.94	11.05	1.63

Period	P/E	Adjusted P/E	Price/book
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	27.42	27.42	5.77
2015	20.10	19.60	3.92

Analysts Estimates (Million)

Item	Q3 2016 (e)	Q3 2016 (a)	Change‬
Average	26.00	23.19	(10.8 %)

Estimates vs Actual (Million)

Item	Q3 2016 (e)	Q3 2016 (a)	Change
OSOOL AND BAKHEET	23.00	23.19	0.8 %
Albilad Capital	29.00	23.19	(20.1) %

Financial Ratios

	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

Saudi Marketing Co. (FARM SUPERSTORES)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Farm Superstores' net profit down 17% in 9M on lower demand

View other reports

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Marketing Co. (FARM SUPERSTORES)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Farm Superstores' net profit down 17% in 9M on lower demand

View other reports

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Marketing Co. (FARM SUPERSTORES)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}