Raydan’s profit tumbles 86% in Q1 2019

29/05/2019 Argaam Exclusive

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Raydan Cuisines and Restaurants Co. reported a net profit after zakat and tax of SAR 714,700 for Q1 2019, a plunge of 86 percent year-on-year (YoY) due to higher operating costs, marketing expenses and financing charges.

When compared to the previous quarter, net profit tumbled 87.8 percent on a drop in sales.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 54.67 54.74 0.1 %
Gross Income 10.19 6.50 (36.2 %)
Operating Income 4.09 0.75 (81.6 %)
Net Income 5.16 0.71 (86.2 %)
Average Shares 13.92 13.92 -
EPS (Riyals) 0.37 0.05 (86.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 74.82 - 18.82 - 11.86 - 0.85
Q2 2016 74.72 - 20.75 - 10.58 - 0.76
Q3 2016 85.21 - 19.68 - 14.07 - 1.01
Q4 2016 65.19 - 10.44 - 5.86 - 0.42
Q1 2017 62.74 (16.1 %) 13.25 (29.6 %) 6.87 (42.0 %) 0.49
Q2 2017 69.47 (7.0 %) 13.43 (35.3 %) 6.56 (38.0 %) 0.47
Q3 2017 72.37 (15.1 %) 17.65 (10.3 %) 10.59 (24.7 %) 0.76
Q4 2017 58.02 (11.0 %) 11.57 10.8 % 4.13 (29.4 %) 0.30
Q1 2018 54.67 (12.9 %) 10.19 (23.1 %) 5.16 (24.9 %) 0.37
Q2 2018 60.40 (13.1 %) 13.29 (1.1 %) 7.04 7.3 % 0.51
Q3 2018 62.06 (14.2 %) 11.46 (35.0 %) 5.84 (44.9 %) 0.42
Q4 2018 56.56 (2.5 %) 7.35 (36.5 %) (3.33) (180.5 %) (0.24)
Q1 2019 54.74 0.1 % 6.50 (36.2 %) 0.71 (86.2 %) 0.05

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 23.24 % 21.35 % 14.98 %
Q1 2017 22.28 % 20.06 % 14.59 %
Q2 2017 20.10 % 18.42 % 13.44 %
Q3 2017 20.30 % 18.23 % 12.79 %
Q4 2017 21.29 % 16.87 % 11.51 %
Q1 2018 20.76 % 16.33 % 10.39 %
Q2 2018 21.46 % 17.15 % 10.97 %
Q3 2018 19.77 % 16.07 % 9.43 %
Q4 2018 18.09 % 13.63 % 6.30 %
Q1 2019 16.51 % 12.66 % 4.39 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 13.92 - - 18.35
Q2 2016 13.92 - - 19.11
Q3 2016 13.92 - - 20.08
Q4 2016 13.92 3.04 3.23 17.88
Q1 2017 13.92 2.69 3.02 18.36
Q2 2017 13.92 2.40 2.73 18.48
Q3 2017 13.92 2.15 2.48 19.53
Q4 2017 13.92 2.02 2.17 19.60
Q1 2018 13.92 1.90 1.90 19.97
Q2 2018 13.92 1.93 1.93 19.67
Q3 2018 13.92 1.59 1.59 20.08
Q4 2018 13.92 1.06 1.06 19.88
Q1 2019 13.92 0.74 0.74 20.27

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 21.24 18.90 3.11
Q2 2017 16.86 14.80 2.19
Q3 2017 15.97 13.83 1.76
Q4 2017 15.17 14.13 1.57
Q1 2018 13.92 13.92 1.32
Q2 2018 13.77 13.77 1.35
Q3 2018 14.53 14.53 1.15
Q4 2018 26.48 26.48 1.41
Q1 2019 36.13 36.13 1.31

Business Segments (Million)

Compared With The
Period National meals Used car sales
Q1 2018 54.67 -
Q2 2018 60.40 -
Q3 2018 62.06 -
Q4 2018 56.56 -
Q1 2019 54.74 -

Current
Market Cap (M Riyal) 452.17
Enterprise Value (EV) (M) 456.57
Shares Outstanding ((M)) 15.81
EPS ( Riyal) (TTM) (0.61)
Book Value (BV) ( Riyal) 9.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) NEG
Price/book 3.00
Return on Average Assets (%) (TTM) (3.56 )
Return on Average Equity (%) (TTM) (5.83 )

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