Leejam Sports net profit flat in 9M 2018
28/10/2018
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Leejam Sports Co. reported a net profit of SAR 126.23 million for the first nine months of 2018, a 0.4 percent increase compared to similar period last year mainly on higher revenue from memberships and personal training, which was partially offset by increase in cost of revenue and all other costs (including finance cost and zakat).
Financials (M)
| Item | 9m 2017 | 9m 2018 | Change |
|---|---|---|---|
| Revenues | 538.44 | 574.81 | 6.8 % |
| Gross Income | 207.73 | 211.22 | 1.7 % |
| Operating Income | 137.62 | 136.69 | (0.7 %) |
| Net Income | 125.71 | 126.24 | 0.4 % |
| Average Shares | 52.38 | 52.38 | - |
| Earnings Per Share before unusual items (Riyals) | 2.40 | 2.41 | 0.4 % |
| EPS (Riyal) | 2.40 | 2.41 | 0.4 % |
The company reported a net profit of SAR 53.76 million for Q3 2018, a 24.5 percent year-on-year increase on higher memberships and personal training revenue.
When compared to previous quarter, net profit rose 35.2 percent also on higher revenue.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2017 | Q3 2018 | Change |
|---|---|---|---|
| Revenues | 184.83 | 210.29 | 13.8 % |
| Gross Income | 70.63 | 85.78 | 21.5 % |
| Operating Income | 47.01 | 58.87 | 25.2 % |
| Net Income | 43.18 | 53.76 | 24.5 % |
| Average Shares | 52.38 | 52.38 | - |
| Earnings Per Share before unusual items (Riyal) | 0.82 | 1.03 | 24.5 % |
| EPS (Riyal) | 0.82 | 1.03 | 24.5 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2018 | 177.53 | 0.1 % | 58.24 | (17.8 %) | 34.58 | (26.5 %) |
| Q2 2018 | 186.99 | 6.1 % | 67.20 | 1.5 % | 43.24 | (0.8 %) |
| Q3 2018 | 210.29 | 13.8 % | 85.78 | 21.5 % | 58.87 | 25.2 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2018 | 32.71 | (22.2 %) | 0.62 | - | 32.71 | 0.62 |
| Q2 2018 | 39.76 | (1.8 %) | 0.76 | - | 39.76 | 0.76 |
| Q3 2018 | 53.76 | 24.5 % | 1.03 | - | 53.76 | 1.03 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | 37.99 % | - | 23.77 % |
| 2017 | 37.99 % | 38.45 % | 23.77 % |
| Q1 2018 | 36.25 % | - | 22.49 % |
| Q2 2018 | 35.86 % | 37.31 % | 22.07 % |
| Q3 2018 | 36.65 % | 37.99 % | 22.71 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2018 | 52.38 | 3.15 | 3.15 | 12.14 |
| Q2 2018 | 52.38 | 3.13 | 3.13 | 12.56 |
| Q3 2018 | 52.38 | 3.34 | 3.34 | 13.58 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | 16.04 | 16.04 | 3.94 |
Business Segments (Million)
Q3 2018
| Period | Male fitness center | Female fitness center |
|---|---|---|
| Q1 2018 | 159.48 | 18.04 |
| Q2 2018 | 163.58 | 23.41 |
| Q3 2018 | 174.66 | 35.63 |
Analysts Estimates (Million)
| Item | Profit (Expected) | Profit (Actual) | Change |
|---|---|---|---|
| Average | 67.00 | 53.76 |
Estimates vs Actual (Million)
| Item | Profit (Expected) | Profit (Actual) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 67.00 | 53.76 |
| Current | |
| Market Cap (M Riyal) | 5,036.63 |
| Enterprise Value (EV) (M Riyal) | 5,215.78 |
| Shares Outstanding ((M)) | 52.38 |
| EPS ( Riyal) (TTM) | 6.27 |
| Book Value (BV) ( Riyal) | 24.89 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 15.83 |
| P/E (TTM) | 15.33 |
| Price/book | 3.86 |
| Return on Average Assets (%) (TTM) | 8.3 |
| Return on Average Equity (%) (TTM) | 25.7 |
| EV/adj EBITDA | 6.96 |
| EV/Revenues | 3.25 |
Share Price
Leejam Sports Co. (LEEJAM SPORTS)
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