Al-Omran profit drops 36% in 9M on lower prices

13/11/2018 Argaam Exclusive

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Nomu-listed Al-Omran Industrial Trading Co.’s net profit after zakat and tax dropped 36 percent year-on-year (YoY) to SAR 5.4 million in the first nine months of 2018 on lower selling prices, higher operating expenses.

Financials (M)

Item	9m 2017	9m 2018	Change‬
Revenues	98.15	93.93	(4.3 %)
Gross Income	22.85	20.45	(10.5 %)
Operating Income	10.39	7.53	(27.5 %)
Net Income	8.49	5.43	(36.0 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.83	0.53	(36.0 %)

Q3 net profit after zakat and tax fell 20 percent YoY to SAR 782,000 due to lower selling prices amid fierce competition, and higher selling and distribution expenses.

When compared to Q2 2018, the third-quarter net profit plunged 73.5 percent.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2017	Q3 2018	Change‬
Revenues	23.82	34.51	44.9 %
Gross Income	5.47	6.58	20.2 %
Operating Income	1.64	1.92	17.1 %
Net Income	0.98	0.78	(20.1 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.10	0.08	(20.1 %)

Item	Q2 2018	Q3 2018	Change‬
Revenues	37.23	34.51	(7.3 %)
Gross Income	7.55	6.58	(12.8 %)
Operating Income	3.31	1.92	(41.9 %)
Net Income	2.96	0.78	(73.5 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.29	0.08	(73.5 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
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	84.48	-	21.78	-	10.37	-	1.02
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	87.05	3.0 %	21.46	(1.5 %)	9.24	(10.9 %)	0.91
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	94.68	8.8 %	20.57	(4.1 %)	7.41	(19.8 %)	0.73
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	118.81	25.5 %	22.63	10.0 %	8.05	8.6 %	0.79
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	22.45	-	6.57	-	2.10	-	0.21
2016	137.09	15.4 %	32.52	43.7 %	16.41	104.0 %	1.61
Q1 2017	26.54	-	6.49	-	2.29	-	0.22
Q2 2017	47.78	-	10.89	-	5.23	-	0.51
Q3 2017	23.82	-	5.47	-	0.98	-	0.10
Q4 2017	24.11	7.4 %	5.45	(17.0 %)	0.40	(80.8 %)	0.04
2017	122.25	(10.8 %)	28.30	(13.0 %)	8.90	(45.8 %)	0.87
Q1 2018	22.59	(14.9 %)	6.32	(2.5 %)	1.72	(24.8 %)	0.17
Q2 2018	37.23	(22.1 %)	7.55	(30.7 %)	2.96	(43.5 %)	0.29
Q3 2018	34.51	44.9 %	6.58	20.2 %	0.78	(20.1 %)	0.08

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	84.48	-	21.78	-	10.37	-	1.02
2013	87.05	3.0 %	21.46	(1.5 %)	9.24	(10.9 %)	0.91
2014	94.68	8.8 %	20.57	(4.1 %)	7.41	(19.8 %)	0.73
2015	118.81	25.5 %	22.63	10.0 %	8.05	8.6 %	0.79
2016	137.09	15.4 %	32.52	43.7 %	16.41	104.0 %	1.61
2017	122.25	(10.8 %)	28.30	(13.0 %)	8.90	(45.8 %)	0.87

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
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	25.78 %	16.43 %	12.27 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	24.65 %	14.78 %	10.62 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	21.73 %	11.43 %	7.83 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	19.05 %	10.27 %	6.77 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	23.72 %	14.92 %	11.97 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	24.39 %	12.66 %	8.79 %
Q4 2017	23.15 %	11.41 %	7.28 %
2017	23.15 %	11.41 %	7.28 %
Q1 2018	23.78 %	11.43 %	7.04 %
Q2 2018	23.01 %	10.20 %	5.62 %
Q3 2018	21.87 %	9.55 %	4.95 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	25.78 %	16.43 %	12.27 %
2013	24.65 %	14.78 %	10.62 %
2014	21.73 %	11.43 %	7.83 %
2015	19.05 %	10.27 %	6.77 %
2016	23.72 %	14.92 %	11.97 %
2017	23.15 %	11.41 %	7.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	29.27 %	13.06 %	9.37 %
Q1 2017	24.44 %	13.10 %	8.61 %
Q2 2017	22.78 %	13.74 %	10.94 %
Q3 2017	22.98 %	9.65 %	4.11 %
Q4 2017	22.61 %	6.68 %	1.68 %
Q1 2018	28.00 %	13.49 %	7.61 %
Q2 2018	20.27 %	10.83 %	7.94 %
Q3 2018	19.07 %	7.60 %	2.27 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	10.21	-	-	9.89
Q1 2017	10.21	-	-	10.12
Q2 2017	10.21	-	-	10.63
Q3 2017	10.21	1.04	1.04	10.73
Q4 2017	10.21	0.87	0.87	10.62
Q1 2018	10.21	0.82	0.82	10.79
Q2 2018	10.21	0.59	0.59	11.08
Q3 2018	10.21	0.57	0.57	11.16

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2008	-	-	-	-
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	10.21	1.02	1.02	10.19
2013	10.21	0.91	0.91	11.09
2014	10.21	0.73	0.73	11.78
2015	10.21	0.79	0.79	11.94
2016	10.21	1.61	1.61	9.89
2017	10.21	0.87	0.87	10.62

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	2.08
Q2 2017	-	-	1.53
Q3 2017	12.56	12.56	1.22
Q4 2017	13.78	13.78	1.13
Q1 2018	13.78	13.78	1.04
Q2 2018	18.99	18.99	1.02
Q3 2018	16.85	16.85	0.87

Period	P/E	Adjusted P/E	Price/book
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	13.78	13.78	1.13

Financial Ratios

	Current
Market Cap (M Riyal)	445.80
Enterprise Value (EV) (M)	444.06
Shares Outstanding ((M))	12.00
Book Value (BV) ( Riyal)	13.30
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
Price/book	2.79

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Al-Omran profit drops 36% in 9M on lower prices

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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

Financial Ratios

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Al-Omran profit drops 36% in 9M on lower prices

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

Financial Ratios

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