Hail Cement’s net profit fell 85% in 9M 2017

29/10/2017 Argaam Exclusive

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Share Price

Hail Cement Co. (HCC)

Hail Cement Co. reported a net profit of SAR 11.6 million for the first nine months of this year, plunging 85 percent year-on-year (YoY) due to lower demand, fierce competition and declining prices.

Financials (M)

Item	9m 2016	9m 2017	Change‬
Revenues	222.76	113.49	(49.1 %)
Gross Income	112.47	37.41	(66.7 %)
Operating Income	91.03	17.31	(81.0 %)
Net Income	78.45	11.59	(85.2 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.80	0.12	(85.2 %)

Net profit for the third quarter tumbled 97 percent YoY to SAR 650,406 on lower demand, and prices as well as tough competition.

Q3 net profit declined 75.5 percent compared to the previous quarter on a decrease in average selling prices.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2016	Q3 2017	Change‬
Revenues	58.22	36.89	(36.6 %)
Gross Income	31.56	9.27	(70.6 %)
Operating Income	25.22	3.11	(87.7 %)
Net Income	19.31	0.65	(96.6 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.20	0.01	(96.6 %)

Item	Q2 2017	Q3 2017	Change‬
Revenues	32.16	36.89	14.7 %
Gross Income	11.11	9.27	(16.6 %)
Operating Income	3.87	3.11	(19.7 %)
Net Income	2.66	0.65	(75.6 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.03	0.01	(75.6 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	(10.60)	-	(0.11)
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	(40.94)	(286.2 %)	(0.42)
Q1 2012	-	-	-	-	(6.32)	-	(0.06)
Q2 2012	-	-	-	-	(8.60)	-	(0.09)
Q3 2012	-	-	-	-	(3.39)	-	(0.03)
Q4 2012	-	-	-	-	(8.47)	-	(0.09)
2012	-	-	-	-	(26.78)	34.6 %	(0.27)
Q1 2013	-	-	-	-	(13.93)	(120.2 %)	(0.14)
Q2 2013	54.67	-	26.36	-	18.55	315.8 %	0.19
Q3 2013	45.99	-	24.59	-	16.94	599.9 %	0.17
Q4 2013	58.35	-	29.78	-	28.91	441.3 %	0.30
2013	159.02	-	80.72	-	50.47	288.5 %	0.52
Q1 2014	83.48	-	44.23	-	35.10	352.0 %	0.36
Q2 2014	100.71	84.2 %	54.60	107.2 %	46.00	148.0 %	0.47
Q3 2014	79.78	73.5 %	32.33	31.5 %	25.10	48.2 %	0.26
Q4 2014	91.81	57.3 %	52.85	77.5 %	40.86	41.3 %	0.42
2014	355.77	123.7 %	184.01	127.9 %	147.06	191.4 %	1.50
Q1 2015	87.43	4.7 %	48.51	9.7 %	37.50	6.8 %	0.38
Q2 2015	99.68	(1.0 %)	38.01	(30.4 %)	28.64	(37.7 %)	0.29
Q3 2015	77.73	(2.6 %)	36.60	13.2 %	17.45	(30.5 %)	0.18
Q4 2015	91.52	(0.3 %)	41.16	(22.1 %)	29.95	(26.7 %)	0.31
2015	356.36	0.2 %	164.28	(10.7 %)	113.55	(22.8 %)	1.16
Q1 2016	89.45	2.3 %	46.41	(4.3 %)	32.30	(13.9 %)	0.33
Q2 2016	75.09	(24.7 %)	34.50	(9.2 %)	26.84	(6.3 %)	0.27
Q3 2016	58.22	(25.1 %)	31.56	(13.8 %)	19.31	10.7 %	0.20
Q4 2016	49.36	(46.1 %)	22.81	(44.6 %)	21.21	(29.2 %)	0.22
2016	272.12	(23.6 %)	135.28	(17.6 %)	99.65	(12.2 %)	1.02
Q1 2017	44.44	(50.3 %)	17.04	(63.3 %)	8.28	(74.4 %)	0.08
Q2 2017	32.16	(57.2 %)	11.11	(67.8 %)	2.66	(90.1 %)	0.03
Q3 2017	36.89	(36.6 %)	9.27	(70.6 %)	0.65	(96.6 %)	0.01

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	-	-	-	-	(10.60)	-	(0.11)
2011	-	-	-	-	(40.94)	(286.2 %)	(0.42)
2012	-	-	-	-	(26.78)	34.6 %	(0.27)
2013	159.02	-	80.72	-	50.47	288.5 %	0.52
2014	355.77	123.7 %	184.01	127.9 %	147.06	191.4 %	1.50
2015	356.36	0.2 %	164.28	(10.7 %)	113.55	(22.8 %)	1.16
2016	272.12	(23.6 %)	135.28	(17.6 %)	99.65	(12.2 %)	1.02

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
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	-	-	-
Q1 2013	-	-	-
Q2 2013	48.21 %	37.85 %	12.00 %
Q3 2013	50.60 %	58.82 %	26.71 %
Q4 2013	50.76 %	71.16 %	40.42 %
2013	50.76 %	72.80 %	40.42 %
Q1 2014	51.53 %	68.21 %	41.03 %
Q2 2014	53.09 %	68.44 %	44.00 %
Q3 2014	49.93 %	64.55 %	41.92 %
Q4 2014	51.72 %	62.17 %	41.34 %
2014	51.72 %	62.17 %	41.34 %
Q1 2015	52.34 %	61.76 %	41.55 %
Q2 2015	47.87 %	56.81 %	36.83 %
Q3 2015	49.34 %	58.03 %	34.89 %
Q4 2015	46.10 %	55.67 %	31.86 %
2015	46.10 %	55.67 %	31.86 %
Q1 2016	45.25 %	55.58 %	30.23 %
Q2 2016	47.54 %	58.59 %	31.92 %
Q3 2016	48.88 %	60.93 %	34.49 %
Q4 2016	49.71 %	64.00 %	36.62 %
2016	49.71 %	64.00 %	36.62 %
Q1 2017	46.63 %	63.96 %	33.30 %
Q2 2017	44.80 %	66.65 %	27.94 %
Q3 2017	36.98 %	61.87 %	20.14 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	50.76 %	72.80 %	40.42 %
2014	51.72 %	62.17 %	41.34 %
2015	46.10 %	55.67 %	31.86 %
2016	49.71 %	64.00 %	36.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
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	48.21 %	61.07 %	33.92 %
Q3 2013	53.45 %	71.10 %	36.83 %
Q4 2013	51.04 %	77.06 %	49.54 %
Q1 2014	52.98 %	65.10 %	42.05 %
Q2 2014	54.21 %	65.00 %	45.68 %
Q3 2014	40.52 %	54.26 %	31.46 %
Q4 2014	57.57 %	63.26 %	44.50 %
Q1 2015	55.48 %	63.28 %	42.89 %
Q2 2015	38.13 %	47.23 %	28.73 %
Q3 2015	47.09 %	59.80 %	22.45 %
Q4 2015	44.97 %	54.07 %	32.73 %
Q1 2016	51.88 %	62.75 %	36.11 %
Q2 2016	45.95 %	57.88 %	35.74 %
Q3 2016	54.21 %	72.86 %	33.17 %
Q4 2016	46.21 %	65.14 %	42.96 %
Q1 2017	38.34 %	61.25 %	18.62 %
Q2 2017	34.54 %	65.17 %	8.27 %
Q3 2017	25.12 %	55.35 %	1.76 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
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	97.90	-	-	9.52
Q2 2012	97.90	-	-	9.43
Q3 2012	97.90	-	-	9.39
Q4 2012	97.90	(0.27)	(0.27)	9.31
Q1 2013	97.90	(0.35)	(0.21)	9.17
Q2 2013	97.90	(0.07)	0.07	9.36
Q3 2013	97.90	0.13	0.27	9.53
Q4 2013	97.90	0.52	0.66	9.82
Q1 2014	97.90	1.02	1.02	10.18
Q2 2014	97.90	1.30	1.30	10.65
Q3 2014	97.90	1.38	1.38	10.41
Q4 2014	97.90	1.50	1.50	10.83
Q1 2015	97.90	1.53	1.53	11.21
Q2 2015	97.90	1.35	1.35	10.90
Q3 2015	97.90	1.27	1.27	10.48
Q4 2015	97.90	1.16	1.16	10.79
Q1 2016	97.90	1.11	1.11	10.62
Q2 2016	97.90	1.09	1.09	10.91
Q3 2016	97.90	1.11	1.11	10.61
Q4 2016	97.90	1.02	1.02	10.79
Q1 2017	97.90	0.77	0.77	10.88
Q2 2017	97.90	0.53	0.53	10.45
Q3 2017	97.90	0.33	0.33	10.46

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	-	-	-	-
2008	-	-	-	-
2009	-	-	-	-
2010	97.90	(0.11)	(0.10)	4.89
2011	97.90	(0.42)	(0.28)	9.58
2012	97.90	(0.27)	(0.27)	9.31
2013	97.90	0.52	0.66	9.82
2014	97.90	1.50	1.50	10.83
2015	97.90	1.16	1.16	10.79
2016	97.90	1.02	1.02	10.79

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
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	-	-	2.64
Q2 2012	-	-	1.80
Q3 2012	-	-	2.01
Q4 2012	NEG	NEG	1.99
Q1 2013	NEG	NEG	2.08
Q2 2013	NEG	More than 50	2.15
Q3 2013	More than 50	More than 50	2.29
Q4 2013	41.32	32.45	2.17
Q1 2014	23.17	23.17	2.31
Q2 2014	19.93	19.93	2.43
Q3 2014	21.24	21.24	2.82
Q4 2014	15.19	15.19	2.11
Q1 2015	14.75	14.75	2.01
Q2 2015	15.87	15.87	1.96
Q3 2015	13.27	13.27	1.61
Q4 2015	12.38	12.38	1.33
Q1 2016	11.22	11.22	1.17
Q2 2016	11.41	11.41	1.14
Q3 2016	9.38	9.38	0.98
Q4 2016	11.75	11.75	1.11
Q1 2017	14.43	14.43	1.03
Q2 2017	18.38	18.38	0.92
Q3 2017	26.87	26.87	0.86

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	NEG	NEG	1.60
2012	NEG	NEG	1.99
2013	41.32	32.45	2.17
2014	15.19	15.19	2.11
2015	12.38	12.38	1.33
2016	11.75	11.75	1.11

Financial Ratios

	Current
Market Cap (M Riyal)	1,145.43
Enterprise Value (EV) (M)	1,019.69
Shares Outstanding ((M))	97.90
EPS ( Riyal) (TTM)	0.22
Book Value (BV) ( Riyal)	10.02
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 50
P/E (TTM)	More than 50
Price/book	1.17
Return on Average Assets (%) (TTM)	1.9
Return on Average Equity (%) (TTM)	2.0

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Hail Cement’s net profit fell 85% in 9M 2017

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Share Price

Hail Cement Co. (HCC)

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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Hail Cement’s net profit fell 85% in 9M 2017

View other reports

Share Price

Hail Cement Co. (HCC)

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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