Electrical Industries net profit rises 11% in 9M 2017

26/10/2017 Argaam Exclusive

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Electrical Industries Co.’s (EIC) net profit increase 11 percent year-on-year (YoY) to SAR 33 million for the first nine months of 2017, thanks to a decline in the cost of goods sold, as well as high-margin sales.

Financials (M)

Item	9m 2016	9m 2017	Change‬
Revenues	661.01	646.79	(2.2 %)
Gross Income	101.54	118.84	17.0 %
Operating Income	39.14	43.42	10.9 %
Net Income	29.71	33.01	11.1 %
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	2.64	2.93	11.1 %

Net profit for the third quarter increased 9 percent YoY to SAR 11.4 million on improved sales.

Q3 profit also registered a 4.8 percent rise when compared to the previous quarter, due to a decline in financing charges.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2016	Q3 2017	Change‬
Revenues	206.32	227.39	10.2 %
Gross Income	36.91	39.15	6.1 %
Operating Income	15.59	13.11	(15.9 %)
Net Income	10.49	11.44	9.1 %
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	0.93	1.02	9.1 %

Item	Q2 2017	Q3 2017	Change‬
Revenues	230.29	227.39	(1.3 %)
Gross Income	41.52	39.15	(5.7 %)
Operating Income	17.21	13.11	(23.8 %)
Net Income	10.92	11.44	4.8 %
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	0.97	1.02	4.8 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Halala)
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	981.41	-	230.82	-	151.41	-	13.46
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	962.09	(2.0 %)	199.22	(13.7 %)	113.70	(24.9 %)	10.11
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	1,062.70	10.5 %	199.55	0.2 %	108.15	(4.9 %)	9.61
Q1 2013	305.08	-	75.09	-	50.37	-	4.48
Q2 2013	338.91	-	53.30	-	27.13	-	2.41
Q3 2013	269.85	-	44.06	-	22.35	-	1.99
Q4 2013	371.41	-	93.81	-	66.11	-	5.88
2013	1,285.26	20.9 %	266.26	33.4 %	165.96	53.5 %	14.75
Q1 2014	346.75	13.7 %	79.63	6.0 %	55.49	10.2 %	4.93
Q2 2014	305.29	(9.9 %)	72.48	36.0 %	44.67	64.7 %	3.97
Q3 2014	164.51	(39.0 %)	32.38	(26.5 %)	12.71	(43.1 %)	1.13
Q4 2014	230.30	(38.0 %)	67.16	(28.4 %)	58.99	(10.8 %)	5.24
2014	1,046.86	(18.5 %)	251.64	(5.5 %)	171.86	3.6 %	15.28
Q1 2015	200.41	(42.2 %)	39.30	(50.6 %)	28.79	(48.1 %)	2.56
Q2 2015	196.60	(35.6 %)	38.45	(47.0 %)	19.96	(55.3 %)	1.77
Q3 2015	191.27	16.3 %	32.86	1.5 %	9.47	(25.5 %)	0.84
Q4 2015	240.95	4.6 %	33.81	(49.7 %)	12.14	(79.4 %)	1.08
2015	829.24	(20.8 %)	143.84	(42.8 %)	70.36	(59.1 %)	6.25
Q1 2016	220.84	10.2 %	35.73	(9.1 %)	9.44	(67.2 %)	0.84
Q2 2016	233.85	18.9 %	28.90	(24.8 %)	9.78	(51.0 %)	0.87
Q3 2016	206.32	7.9 %	36.91	12.4 %	10.49	10.8 %	0.93
Q4 2016	223.75	(7.1 %)	40.73	20.5 %	19.67	62.0 %	1.75
2016	884.76	6.7 %	142.27	(1.1 %)	49.38	(29.8 %)	4.39
Q1 2017	189.11	(14.4 %)	38.17	6.8 %	10.65	12.7 %	0.95
Q2 2017	230.29	(1.5 %)	41.52	43.7 %	10.92	11.7 %	0.97
Q3 2017	227.39	10.2 %	39.15	6.1 %	11.44	9.1 %	1.02

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Halala)
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	981.41	-	230.82	-	151.41	-	13.46
2011	962.09	(2.0 %)	199.22	(13.7 %)	113.70	(24.9 %)	10.11
2012	1,062.70	10.5 %	199.55	0.2 %	108.15	(4.9 %)	9.61
2013	1,285.26	20.9 %	266.26	33.4 %	165.96	53.5 %	14.75
2014	1,046.86	(18.5 %)	251.64	(5.5 %)	171.86	3.6 %	15.28
2015	829.24	(20.8 %)	143.84	(42.8 %)	70.36	(59.1 %)	6.25
2016	884.76	6.7 %	142.27	(1.1 %)	49.38	(29.8 %)	4.39

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	23.52 %	19.00 %	15.43 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	20.71 %	15.30 %	11.82 %
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	18.78 %	12.96 %	10.18 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	20.72 %	15.68 %	12.91 %
2013	20.72 %	15.68 %	12.91 %
Q1 2014	20.41 %	15.37 %	12.84 %
Q2 2014	22.42 %	17.41 %	14.35 %
Q3 2014	23.43 %	17.69 %	15.59 %
Q4 2014	24.04 %	18.85 %	15.78 %
2014	24.04 %	18.85 %	15.78 %
Q1 2015	23.47 %	18.36 %	14.73 %
Q2 2015	22.39 %	17.56 %	13.55 %
Q3 2015	21.72 %	16.86 %	11.61 %
Q4 2015	17.41 %	12.27 %	7.19 %
2015	17.35 %	12.25 %	7.19 %
Q1 2016	16.58 %	11.26 %	5.51 %
Q2 2016	14.80 %	9.00 %	4.47 %
Q3 2016	15.01 %	8.63 %	4.47 %
Q4 2016	16.08 %	10.44 %	5.58 %
2016	16.08 %	10.44 %	5.58 %
Q1 2017	16.96 %	10.50 %	5.93 %
Q2 2017	18.52 %	11.82 %	6.09 %
Q3 2017	18.33 %	11.78 %	6.05 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	23.52 %	19.00 %	15.43 %
2011	20.71 %	15.30 %	11.82 %
2012	18.78 %	12.96 %	10.18 %
2013	20.72 %	15.68 %	12.91 %
2014	24.04 %	18.85 %	15.78 %
2015	17.35 %	12.25 %	7.19 %
2016	16.08 %	10.44 %	5.58 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	24.61 %	19.37 %	16.51 %
Q2 2013	15.73 %	10.55 %	8.00 %
Q3 2013	16.33 %	13.83 %	8.28 %
Q4 2013	25.26 %	18.66 %	17.80 %
Q1 2014	22.96 %	17.76 %	15.80 %
Q2 2014	23.74 %	18.67 %	13.89 %
Q3 2014	19.68 %	13.50 %	13.36 %
Q4 2014	29.16 %	24.56 %	20.01 %
Q1 2015	19.61 %	14.74 %	11.09 %
Q2 2015	19.56 %	15.64 %	8.64 %
Q3 2015	17.18 %	11.04 %	5.09 %
Q4 2015	14.03 %	8.46 %	4.42 %
Q1 2016	16.18 %	10.59 %	4.28 %
Q2 2016	12.36 %	6.38 %	4.18 %
Q3 2016	17.89 %	9.29 %	5.08 %
Q4 2016	18.20 %	15.61 %	8.79 %
Q1 2017	20.18 %	10.89 %	5.63 %
Q2 2017	18.03 %	11.18 %	4.74 %
Q3 2017	17.22 %	9.38 %	5.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
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	1,125.00	-	-	0.48
Q2 2013	1,125.00	-	-	0.46
Q3 2013	1,125.00	-	-	0.48
Q4 2013	1,125.00	14.75	14.75	0.48
Q1 2014	1,125.00	15.21	15.14	0.53
Q2 2014	1,125.00	16.77	16.50	0.49
Q3 2014	1,125.00	15.91	16.47	0.50
Q4 2014	1,125.00	15.28	14.69	0.56
Q1 2015	1,125.00	12.90	11.79	0.58
Q2 2015	1,125.00	10.71	9.54	0.54
Q3 2015	1,125.00	10.42	8.45	0.55
Q4 2015	1,125.00	6.25	5.30	0.54
Q1 2016	1,125.00	4.53	4.16	0.54
Q2 2016	1,125.00	3.63	3.52	0.55
Q3 2016	1,125.00	3.72	3.59	0.56
Q4 2016	1,125.00	4.39	4.39	0.57
Q1 2017	1,125.00	4.50	4.50	0.58
Q2 2017	1,125.00	4.60	4.60	0.56
Q3 2017	1,125.00	4.68	4.68	0.57

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2007	-	-	-	-
2008	-	-	-	-
2009	-	-	-	-
2010	1,125.00	13.46	13.46	0.44
2011	1,125.00	10.11	10.11	0.46
2012	1,125.00	9.61	9.61	0.44
2013	1,125.00	14.75	14.75	0.48
2014	1,125.00	15.28	14.69	0.56
2015	1,125.00	6.25	5.30	0.54
2016	1,125.00	4.39	4.39	0.57

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	14.57	15.16	4.00
Q1 2015	17.70	19.36	3.92
Q2 2015	20.77	23.32	4.12
Q3 2015	15.94	19.65	3.03
Q4 2015	21.69	25.60	2.52
Q1 2016	21.72	23.67	1.83
Q2 2016	28.18	29.05	1.87
Q3 2016	19.31	20.02	1.29
Q4 2016	22.05	22.05	1.69
Q1 2017	22.18	22.18	1.71
Q2 2017	17.28	17.28	1.43
Q3 2017	17.66	17.66	1.46

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	14.57	15.16	4.00
2015	21.69	25.60	2.52
2016	22.05	22.05	1.69

Business Segments (Million)

Compared With The

Period	Manufacturing sector	services segment
Q1 2013	293.58	11.50
Q4 2013	353.76	17.65
Q1 2014	330.07	16.68
Q2 2014	290.20	15.09
Q3 2014	149.70	14.82
Q4 2014	208.78	21.52
Q1 2015	179.38	21.03
Q2 2015	182.40	14.20
Q3 2015	181.75	9.53
Q4 2015	221.18	19.77
Q1 2016	206.90	13.93
Q2 2016	219.92	13.94
Q3 2016	193.20	13.12
Q4 2016	211.01	12.74
Q1 2017	176.34	12.77
Q2 2017	216.57	13.72
Q3 2017	213.68	13.71

Period	Manufacturing sector	services segment
2010	942.08	39.33
2011	924.73	37.36
2012	1,013.70	49.00
2013	1,228.52	56.73
2014	978.75	68.11
2015	764.71	64.53
2016	827.40	57.36

Financial Ratios

	Current
Market Cap (M Riyal)	6,615.00
Enterprise Value (EV) (M)	6,806.96
Shares Outstanding ((M))	1,125.00
EPS (Halala) (TTM)	21.43
Book Value (BV) ( Riyal)	0.65
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	26.33
P/E (TTM)	27.43
Price/book	9.00
Return on Average Assets (%) (TTM)	13.0
Return on Average Equity (%) (TTM)	34.4

Electrical Industries Co. (EIC)

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Electrical Industries net profit rises 11% in 9M 2017

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2017 Q3

Financial Ratios

Share Price

Electrical Industries Co. (EIC)

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Electrical Industries net profit rises 11% in 9M 2017

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

Business Segments (Million) Q3 2017

Revenue by Business Segment (Latest) 2017 Q3

Financial Ratios

Share Price

Electrical Industries Co. (EIC)

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Business Segments (Million)