Saudi Ground’s net profit rises 38% to SAR 452 mln in nine-months 2015
21/10/2015
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Saudi Ground Services Co. (SGS) reported a net profit of SAR 452.19 million for the first nine months of 2015, a rise of 37.7 percent compared to the same period last year, thanks to a growing business volume.
Financials (M)
| Item | 9m 2014 | 9m 2015 | Change |
|---|---|---|---|
| Revenues | 1,125.62 | 1,894.47 | 68.3 % |
| Gross Income | 445.29 | 601.15 | 35.0 % |
| Operating Income | 337.54 | 431.43 | 27.8 % |
| Net Income | 328.38 | 452.19 | 37.7 % |
| Average Shares | 188.00 | 188.00 | - |
| Earnings Per Share before unusual items (Riyals) | 1.75 | 3.09 | 77.1 % |
| EPS (Riyal) | 1.75 | 2.41 | 37.7 % |
The company posted a net profit of SAR 167.08 million in Q3 this year, a decline of 5.5 percent compared to the same quarter last year due to higher operating costs.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2014 | Q3 2015 | Change |
|---|---|---|---|
| Revenues | 625.52 | 661.14 | 5.7 % |
| Gross Income | 246.84 | 220.77 | (10.6 %) |
| Operating Income | 180.72 | 165.80 | (8.3 %) |
| Net Income | 176.83 | 167.08 | (5.5 %) |
| Average Shares | 188.00 | 188.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.94 | 1.06 | 12.3 % |
| EPS (Riyal) | 0.94 | 0.89 | (5.5 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2015 | 110.82 | - | 0.59 | (98.00) | 208.82 | 1.11 |
| Q2 2015 | 174.28 | 15.0 % | 0.93 | - | 174.28 | 0.93 |
| Q3 2015 | 167.08 | (5.5 %) | 0.89 | (31.50) | 198.58 | 1.06 |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2015 | 622.53 | - | 156.14 | - | 92.78 | - |
| Q2 2015 | 610.80 | 22.1 % | 224.24 | 13.0 % | 172.85 | 10.2 % |
| Q3 2015 | 661.14 | 5.7 % | 220.77 | (10.6 %) | 165.80 | (8.3 %) |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | - | - | - |
| 2014 | 36.62 % | 31.46 % | 26.36 % |
| Q1 2015 | 32.99 % | 29.56 % | 29.12 % |
| Q2 2015 | 32.56 % | 30.41 % | 28.73 % |
| Q3 2015 | 31.04 % | 29.51 % | 29.19 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2015 | 188.00 | 3.23 | 3.63 | 13.20 |
| Q2 2015 | 188.00 | 3.35 | 3.75 | 14.13 |
| Q3 2015 | 188.00 | 3.30 | 3.87 | 15.02 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2015 | - | - | - |
| Q2 2015 | 21.78 | 19.44 | 5.17 |
| Q3 2015 | 18.59 | 15.85 | 4.08 |
Analysts Estimates (Million)
| Item | Profit (Expected) | Profit (Actual) | Change | Profit Before Unusual Items | Change |
|---|---|---|---|---|---|
| Average | 164.00 | 167.08 | 1.88 % | 198.58 | 21.09 % |
Estimates vs Actual (Million)
| Item | Profit (Expected) | Profit (Actual) | Change | Profit Before Unusual Items | Change |
|---|---|---|---|---|---|
| 99Hlala Capital | 164.00 | 167.08 | 1.8 % | 198.58 | 17.4 % |
| Current | |
| Market Cap (M Riyal) | 9,541.01 |
| Enterprise Value (EV) (M) | 8,661.82 |
| Shares Outstanding ((M)) | 188.00 |
| EPS ( Riyal) (TTM) | 1.88 |
| Book Value (BV) ( Riyal) | 12.89 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 26.99 |
| P/E (TTM) | 26.99 |
| Price/book | 3.94 |
| Return on Average Assets (%) (TTM) | 8.2 |
| Return on Average Equity (%) (TTM) | 14.6 |
| EV/adj EBITDA | 17.64 |
| EV/Revenues | 3.08 |
Share Price
Saudi Ground Services Co. (SGS)
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