Hail Cement’s Q1 2019 profits increases five-fold

05/05/2019 Argaam Exclusive

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Hail Cement reported a net profit after zakat and tax of SAR 22.55 million for the first quarter of 2019, more than five-fold increase year-on-year (YoY) on higher sales volumes and improved prices.

When compared to the previous quarter, net profit more than doubled due to improved selling prices.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 48.73 68.57 40.7 %
Gross Income 9.55 27.17 184.5 %
Operating Income 3.91 21.52 450.9 %
Net Income 4.23 22.55 433.4 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.04 0.23 433.4 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - (6.32) - (0.06)
Q2 2012 - - - - (8.60) - (0.09)
Q3 2012 - - - - (3.39) - (0.03)
Q4 2012 - - - - (8.47) - (0.09)
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
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
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
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
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
Q4 2017 51.05 3.4 % 13.36 (41.4 %) 3.96 (81.3 %) 0.04
Q1 2018 48.73 9.7 % 9.55 (43.9 %) 4.23 (48.9 %) 0.04
Q2 2018 41.27 28.3 % (10.15) (191.4 %) (18.00) (776.9 %) (0.18)
Q3 2018 41.00 11.2 % (10.23) (210.4 %) (18.31) (2917.4 %) (0.19)
Q4 2018 64.98 27.3 % 21.96 64.4 % 7.05 78.3 % 0.07
Q1 2019 68.57 40.7 % 27.17 184.5 % 22.55 433.4 % 0.23

Profitability

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 48.21 % 37.85 % 12.00 %
Q3 2013 50.60 % 58.82 % 26.71 %
Q4 2013 50.76 % 71.16 % 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 %
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 %
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 %
Q1 2017 46.63 % 63.96 % 33.30 %
Q2 2017 44.80 % 66.65 % 27.94 %
Q3 2017 36.98 % 61.87 % 20.14 %
Q4 2017 30.86 % 56.53 % 9.45 %
Q1 2018 25.64 % 51.43 % 6.81 %
Q2 2018 12.38 % 37.31 % (5.15 %)
Q3 2018 1.39 % 26.68 % (15.45 %)
Q4 2018 5.68 % 27.48 % (12.77 %)
Q1 2019 13.32 % 32.91 % (3.11 %)


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 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
Q4 2017 97.90 0.16 0.16 10.50
Q1 2018 97.90 0.12 0.12 10.54
Q2 2018 97.90 (0.09) (0.09) 10.32
Q3 2018 97.90 (0.29) (0.29) 10.13
Q4 2018 97.90 (0.26) (0.26) 10.22
Q1 2019 97.90 (0.07) (0.07) 10.44

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 - - 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 100 2.15
Q3 2013 More than 100 79.55 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
Q4 2017 62.36 62.36 0.94
Q1 2018 78.97 78.97 0.88
Q2 2018 NEG NEG 0.88
Q3 2018 NEG NEG 0.79
Q4 2018 NEG NEG 0.77
Q1 2019 NEG NEG 0.80

Current
Market Cap (M Riyal) 1,135.64
Enterprise Value (EV) (M) 1,030.72
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 100
P/E (TTM) More than 100
Price/book 1.16
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 2.0

Share Price

11.60
0.02 0.17 %

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