Baazeem reports SAR 20.6 mln profit in 2019
15/03/2020
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Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 20.6 million for the fiscal year of 2019, a 0.8% year-on-year (YoY) increase from SAR 20.5 million in year-earlier period, the company said in a bourse statement.
Financials (M)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 302.41 | 260.26 | (13.9 %) |
| Gross Income | 124.40 | 83.46 | (32.9 %) |
| Operating Income | 27.56 | 27.81 | 0.9 % |
| Net Income | 20.45 | 20.63 | 0.8 % |
| Average Shares | 101.25 | 101.25 | - |
| Earnings Per Share before unusual items (Riyals) | 0.20 | 0.20 | 0.8 % |
| EPS (Riyal) | 0.20 | 0.20 | 0.8 % |
The profit rise was attributed to higher sales revenue.
Q4 2019 net earnings increased by 3% YoY to SAR 5.1 million.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 83.83 | 68.70 | (18.0 %) |
| Gross Income | 32.44 | 23.31 | (28.1 %) |
| Operating Income | 7.47 | 7.61 | 2.0 % |
| Net Income | 4.99 | 5.14 | 3.1 % |
| Average Shares | 101.25 | 101.25 | - |
| Earnings Per Share before unusual items (Riyal) | 0.05 | 0.05 | 3.1 % |
| EPS (Riyal) | 0.05 | 0.05 | 3.1 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2019 | 64.69 | (9.4 %) | 21.41 | (25.4 %) | 8.72 | 16.2 % |
| Q2 2019 | 66.71 | (18.0 %) | 21.18 | (42.2 %) | 6.90 | (2.5 %) |
| Q3 2019 | 60.16 | (8.7 %) | 17.56 | (34.1 %) | 4.59 | (16.9 %) |
| Q4 2019 | 68.70 | (18.0 %) | 23.31 | (28.1 %) | 7.61 | 2.0 % |
| 2019 | 260.26 | (13.9 %) | 83.46 | (32.9 %) | 27.81 | 0.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2019 | 7.02 | 8.5 % | 0.07 | - | 7.02 | 0.07 |
| Q2 2019 | 5.36 | 0.4 % | 0.05 | - | 5.36 | 0.05 |
| Q3 2019 | 3.11 | (15.1 %) | 0.03 | - | 3.11 | 0.03 |
| Q4 2019 | 5.14 | 3.1 % | 0.05 | - | 5.14 | 0.05 |
| 2019 | 20.63 | 0.8 % | 0.20 | - | 20.63 | 0.20 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2018 | 42.98 % | 10.24 % | 7.58 % |
| Q2 2018 | 41.06 % | 8.70 % | 5.95 % |
| Q3 2018 | 41.47 % | 9.23 % | 5.87 % |
| Q4 2018 | 41.14 % | 9.79 % | 6.76 % |
| 2018 | 41.14 % | 9.79 % | 6.76 % |
| Q1 2019 | 39.60 % | 10.34 % | 7.10 % |
| Q2 2019 | 36.17 % | 10.89 % | 7.48 % |
| Q3 2019 | 33.62 % | 10.70 % | 7.43 % |
| Q4 2019 | 32.07 % | 11.82 % | 7.93 % |
| 2019 | 32.07 % | 11.82 % | 7.92 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 101.25 | 0.21 | 0.21 | 1.99 |
| Q2 2019 | 101.25 | 0.21 | 0.21 | 1.89 |
| Q3 2019 | 101.25 | 0.20 | 0.20 | 1.92 |
| Q4 2019 | 101.25 | 0.20 | 0.20 | 1.79 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2019 | 14.08 | 14.08 | 1.47 |
| Q2 2019 | 14.26 | 14.26 | 1.57 |
| Q3 2019 | 14.54 | 14.54 | 1.53 |
| Q4 2019 | 21.03 | 21.03 | 2.40 |
| Current | |
| Market Cap (M Riyal) | 691.54 |
| Enterprise Value (EV) (M Riyal) | 672.39 |
| Shares Outstanding ((M)) | 101.25 |
| EPS ( Riyal) (TTM) | 0.24 |
| Book Value (BV) ( Riyal) | 2.00 |
| Par Value ( Riyal) | 1.00 |
| Recurring P/E | 28.21 |
| P/E (TTM) | 28.21 |
| Price/book | 3.42 |
| Return on Average Assets (%) (TTM) | 9.8 |
| Return on Average Equity (%) (TTM) | 12.3 |
| EV/adj EBITDA | 21.05 |
| EV/Revenues | 2.51 |
Share Price
Baazeem Trading Co. (BAAZEEM)
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