Raydan posts 70% net profit slump in 9M 2019

11/11/2019 Argaam Exclusive

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Raydan Cuisines and Restaurants Company reported a net profit after Zakat and tax of SAR 5.37 million in the first nine months of 2019, a decrease by 70.18 percent year-on-year (YoY), as compared to SAR 18.04 million in the same period in 2018.

The company said in a bourse statement that the profits decreased due to higher operating costs, as well as selling, marketing and financing expenses.

Financials (M)

Item	9m 2018	9m 2019	Change‬
Revenues	177.13	179.16	1.1 %
Gross Income	34.93	21.15	(39.4 %)
Operating Income	14.91	3.80	(74.5 %)
Net Income	18.04	5.36	(70.3 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	1.30	0.39	(70.3 %)

The company also reported a net profit after Zakat and tax of SAR 1.89 million in the third quarter of 2019 as against SAR 5.83 million in the same quarter last year due to lower sales and higher operating costs.

On a quarterly basis, Q3 net profit decreased on lower sales and higher expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2018	Q3 2019	Change‬
Revenues	62.06	61.31	(1.2 %)
Gross Income	11.46	7.42	(35.3 %)
Operating Income	4.17	1.05	(74.9 %)
Net Income	5.84	1.89	(67.6 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	0.42	0.14	(67.6 %)

Item	Q2 2019	Q3 2019	Change‬
Revenues	63.12	61.31	(2.9 %)
Gross Income	7.23	7.42	2.6 %
Operating Income	2.00	1.05	(47.6 %)
Net Income	2.76	1.89	(31.7 %)
Average Shares	13.92	13.92	-
EPS (Riyals)	0.20	0.14	(31.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	208.58	-	37.72	-	28.51	-	2.05
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	255.21	22.4 %	49.31	30.7 %	34.14	19.7 %	2.45
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	314.13	23.1 %	69.77	41.5 %	50.23	47.1 %	3.61
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
2016	299.93	(4.5 %)	73.27	5.0 %	42.45	(15.5 %)	3.05
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
2017	262.60	(12.4 %)	55.75	(23.9 %)	27.16	(36.0 %)	1.95
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)
2018	233.69	(11.0 %)	42.28	(24.2 %)	14.71	(45.8 %)	1.06
Q1 2019	54.74	0.1 %	6.50	(36.2 %)	0.71	(86.2 %)	0.05
Q2 2019	63.12	4.5 %	7.23	(45.5 %)	2.76	(60.8 %)	0.20
Q3 2019	61.31	(1.2 %)	7.42	(35.3 %)	1.89	(67.6 %)	0.14

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
2013	208.58	-	37.72	-	28.51	-	2.05
2014	255.21	22.4 %	49.31	30.7 %	34.14	19.7 %	2.45
2015	314.13	23.1 %	69.77	41.5 %	50.23	47.1 %	3.61
2016	299.93	(4.5 %)	73.27	5.0 %	42.45	(15.5 %)	3.05
2017	262.60	(12.4 %)	55.75	(23.9 %)	27.16	(36.0 %)	1.95
2018	233.69	(11.0 %)	42.28	(24.2 %)	14.71	(45.8 %)	1.06

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	18.08 %	16.20 %	13.67 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	19.32 %	17.32 %	13.38 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	22.21 %	20.86 %	15.99 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	23.24 %	21.35 %	14.98 %
2016	24.43 %	21.55 %	15.01 %
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 %
2017	21.23 %	16.80 %	11.13 %
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 %
2018	18.09 %	13.63 %	6.30 %
Q1 2019	16.51 %	12.66 %	4.39 %
Q2 2019	13.76 %	11.00 %	2.53 %
Q3 2019	12.09 %	9.83 %	0.86 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	18.08 %	16.20 %	13.67 %
2014	19.32 %	17.32 %	13.38 %
2015	22.21 %	20.86 %	15.99 %
2016	24.43 %	21.55 %	15.01 %
2017	21.23 %	16.80 %	11.13 %
2018	18.09 %	13.63 %	6.30 %

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	25.16 %	23.18 %	15.85 %
Q2 2016	27.77 %	21.64 %	14.16 %
Q3 2016	23.10 %	18.47 %	16.51 %
Q4 2016	16.02 %	22.66 %	12.91 %
Q1 2017	21.12 %	17.62 %	14.25 %
Q2 2017	19.34 %	15.09 %	9.45 %
Q3 2017	24.38 %	17.80 %	14.63 %
Q4 2017	19.93 %	17.04 %	7.12 %
Q1 2018	18.63 %	15.21 %	9.44 %
Q2 2018	22.00 %	18.26 %	11.66 %
Q3 2018	18.47 %	13.80 %	9.40 %
Q4 2018	12.99 %	6.99 %	(5.88 %)
Q1 2019	11.87 %	11.04 %	1.30 %
Q2 2019	11.46 %	11.81 %	4.38 %
Q3 2019	12.10 %	9.33 %	3.08 %

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
Q2 2019	13.92	0.43	0.43	20.14
Q3 2019	13.92	0.15	0.15	20.28

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	13.92	2.05	2.05	7.91
2014	13.92	2.45	2.45	17.41
2015	13.92	3.61	3.61	17.50
2016	13.92	3.05	3.23	17.88
2017	13.92	1.95	2.10	19.60
2018	13.92	1.06	1.06	19.88

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
Q2 2019	65.82	65.82	1.40
Q3 2019	More than 100	More than 100	1.27

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	15.73	14.61	1.57
2018	26.48	26.48	1.41

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	-
Q2 2019	63.12	-
Q3 2019	61.31	-

Period	National meals	Used car sales
2018	233.69	-

Financial Ratios

	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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Raydan posts 70% net profit slump in 9M 2019

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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) 2019 Q3

Financial Ratios

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Raydan posts 70% net profit slump in 9M 2019

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 2019

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Business Segments (Million)