Thob Al Aseel posts SAR 114 mln profit in 2017
28/02/2018
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Thob Al Aseel Co. reported a net profit of SAR 113.7 million for fiscal year 2017.
There are no previously recorded figures for a year-on-year comparison, as the company converted into a joint stock firm on Sept. 5, 2016.
Total sales came in at SAR 569.5 million for the period from Sept. 5, 2016 to Dec. 31, 2017, Thob Al Aseel said.
Financials (M)
| Item | 2016 | 2017 | Change |
|---|---|---|---|
| Revenues | 316.64 | 569.53 | 79.9 % |
| Gross Income | 113.47 | 218.72 | 92.8 % |
| Operating Income | 81.74 | 126.34 | 54.6 % |
| Net Income | 74.45 | 114.76 | 54.1 % |
| Average Shares | 400.00 | 400.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.19 | 0.30 | 59.8 % |
| EPS (Riyal) | 0.19 | 0.29 | 54.1 % |
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2016 | Q4 2017 | Change |
|---|---|---|---|
| Revenues | - | 104.47 | - |
| Gross Income | - | 37.04 | - |
| Operating Income | - | 12.42 | - |
| Net Income | - | 1.88 | - |
| Average Shares | - | 400.00 | - |
| Earnings Per Share before unusual items (Riyal) | - | 0.02 | - |
| EPS (Riyal) | - | 0.00 | - |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2017 | 188.60 | - | 70.31 | - | 40.38 | - |
| Q2 2017 | 210.08 | - | 86.89 | - | 63.66 | - |
| Q3 2017 | 66.38 | - | 24.47 | - | 9.89 | - |
| Q4 2017 | 104.47 | - | 37.04 | - | 12.42 | - |
| 2017 | 569.53 | 79.9 % | 218.72 | 92.8 % | 126.34 | 54.6 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2017 | 41.20 | - | 0.10 | - | 41.20 | 0.10 |
| Q2 2017 | 63.42 | - | 0.16 | - | 63.42 | 0.16 |
| Q3 2017 | 8.27 | - | 0.02 | - | 8.27 | 0.02 |
| Q4 2017 | 1.88 | - | 0.00 | (4.19) | 6.07 | 0.02 |
| 2017 | 114.76 | 54.1 % | 0.29 | (4.19) | 118.95 | 0.30 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2016 | - | - | - |
| Q2 2016 | - | - | - |
| Q3 2016 | - | - | - |
| Q4 2016 | - | - | - |
| 2016 | 35.83 % | 26.11 % | 23.51 % |
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | 38.40 % | 22.72 % | 20.89 % |
| 2017 | 38.40 % | 22.72 % | 20.89 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2017 | 400.00 | - | - | 1.32 |
| Q2 2017 | 400.00 | - | - | 1.48 |
| Q3 2017 | 400.00 | - | - | 1.35 |
| Q4 2017 | 400.00 | 0.29 | 0.30 | 1.35 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | 1.56 |
| Q3 2017 | - | - | 1.95 |
| Q4 2017 | 8.20 | 7.91 | 1.74 |
Business Segments (Million)
Q4 2017
| Period | Clothing sector | Textiles sector | Eliminations |
|---|---|---|---|
| Q1 2017 | 170.55 | 19.95 | - |
| Q2 2017 | 171.92 | 36.26 | - |
| Q3 2017 | 56.93 | 14.66 | (0.45) |
| Q4 2017 | 76.79 | 25.14 | - |
| Current | |
| Market Cap (M Riyal) | 1,300.00 |
| Enterprise Value (EV) (M Riyal) | 1,070.46 |
| Shares Outstanding ((M)) | 400.00 |
| EPS ( Riyal) (TTM) | 0.22 |
| Book Value (BV) ( Riyal) | 1.47 |
| Par Value ( Riyal) | 1.00 |
| Recurring P/E | 14.47 |
| P/E (TTM) | 14.47 |
| Price/book | 2.21 |
| Return on Average Assets (%) (TTM) | 12.1 |
| Return on Average Equity (%) (TTM) | 15.3 |
| EV/adj EBITDA | 8.56 |
| EV/Revenues | 2.10 |
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