SACO’s net profit rises 10% to SAR 88 mln in nine-months 2015

15/10/2015 Argaam Exclusive

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Saudi Company for Hardware (SACO) reported a net profit of SAR 88.2 million for the first nine months of 2015; a 10.4 percent increase compared to the same period last year.



Financials (M)

Item 9m 2014 9m 2015 Change‬
Revenues 771.09 924.17 19.9 %
Gross Income 186.28 191.30 2.7 %
Operating Income 86.19 95.60 10.9 %
Net Income 79.92 88.20 10.4 %
Average Shares 36.00 36.00 -
EPS (Riyals) 2.22 2.45 10.4 %

 

The rise in net profit was attributed to higher sales, lower financing charges and a relative decline in operating expenses. The company’s Q3-2015 net profit stood at SAR 18.5 million, 11 percent higher compared to the same quarter last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2014 Q3 2015 Change‬
Revenues 248.61 265.36 6.7 %
Gross Income 55.97 51.73 (7.6 %)
Operating Income 18.87 20.93 10.9 %
Net Income 16.61 18.50 11.4 %
Average Shares 36.00 36.00 -
EPS (Riyals) 0.46 0.51 11.4 %


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 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 235.95 - 51.43 - 21.91 - 0.61
Q2 2013 250.04 - 58.02 - 24.09 - 0.67
Q3 2013 247.86 - 50.19 - 23.30 - 0.65
Q4 2013 227.44 - 59.10 - 33.44 - 0.93
Q1 2014 228.78 (3.0 %) 55.47 7.8 % 25.64 17.0 % 0.71
Q2 2014 293.71 17.5 % 74.84 29.0 % 37.67 56.4 % 1.05
Q3 2014 248.61 0.3 % 55.97 11.5 % 16.61 (28.7 %) 0.46
Q4 2014 313.76 38.0 % 65.22 10.4 % 30.10 (10.0 %) 0.84
Q1 2015 309.45 35.3 % 66.55 20.0 % 33.83 32.0 % 0.94
Q2 2015 349.36 18.9 % 73.02 (2.4 %) 35.87 (4.8 %) 1.00
Q3 2015 265.36 6.7 % 51.73 (7.6 %) 18.50 11.4 % 0.51

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 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 22.76 % 13.03 % 10.69 %
Q1 2014 23.35 % 13.76 % 11.16 %
Q2 2014 24.01 % 14.60 % 12.03 %
Q3 2014 24.57 % 14.26 % 11.35 %
Q4 2014 23.18 % 13.32 % 10.11 %
Q1 2015 22.53 % 13.19 % 10.12 %
Q2 2015 21.35 % 12.71 % 9.51 %
Q3 2015 20.72 % 12.77 % 9.53 %


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 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 36.00 - - 5.90
Q2 2013 36.00 - - 5.88
Q3 2013 36.00 - - 6.52
Q4 2013 36.00 2.85 2.85 7.45
Q1 2014 36.00 2.96 2.96 8.17
Q2 2014 36.00 3.33 3.33 9.21
Q3 2014 36.00 3.15 3.15 9.67
Q4 2014 36.00 3.06 3.05 10.51
Q1 2015 36.00 3.28 3.28 11.45
Q2 2015 36.00 3.23 3.23 12.45
Q3 2015 36.00 3.29 3.28 12.96

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 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 27.52 27.59 7.15
Q3 2015 20.09 20.14 5.09

Business Segments (Million)

Compared With The
Period Retail sector Wholesale sector
Q1 2014 226.13 2.65
Q2 2014 289.37 4.34
Q3 2014 244.04 4.57
Q4 2014 309.31 4.44
Q1 2015 305.27 4.18
Q2 2015 345.35 4.01
Q3 2015 261.48 3.89

Current
Market Cap (M Riyal) 1,269.00
Enterprise Value (EV) (M) 1,315.79
Shares Outstanding ((M)) 36.00
EPS ( Riyal) (TTM) (1.58)
Book Value (BV) ( Riyal) 9.31
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.79
Return on Average Assets (%) (TTM) (4.58 )
Return on Average Equity (%) (TTM) (15.57 )

Share Price

35.25
(0.75) (2.08 %)

Saudi Company for Hardware (SACO)


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