Hail Cement net profit falls 36% to SAR 25.9 mln in Q1 2021

27/04/2021 Argaam Exclusive

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Hail Cement Co. reported a net profit after Zakat and tax of SAR 25.9 million, a drop of 36% from SAR 40.2 million in the year-ago period, hit by lower revenue

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Revenues	119.46	81.89	(31.5 %)
Gross Income	55.02	30.91	(43.8 %)
Operating Income	48.19	23.84	(50.5 %)
Net Income	40.22	25.87	(35.7 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.41	0.26	(35.7 %)

Item	Q4 2020	Q1 2021	Change‬
Revenues	78.90	81.89	3.8 %
Gross Income	33.93	30.91	(8.9 %)
Operating Income	29.77	23.84	(19.9 %)
Net Income	22.26	25.87	16.2 %
Average Shares	97.90	97.90	-
EPS (Riyals)	0.23	0.26	16.2 %

When compared to Q4 2020, the company’s net profit after Zakat and tax increased 14% from SAR 22.7 million, backed by improved revenue.

Shareholders’ equity, excluding minority interest, grew by 2.2% to SAR 1.189 billion by the end of Q1 2021, compared to SAR 1.163 billion in the year-ago period.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
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
Q4 2017	51.05	3.4 %	13.36	(41.4 %)	3.96	(81.3 %)	0.04
2017	164.54	(39.5 %)	50.77	(62.5 %)	15.54	(84.4 %)	0.16
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
2018	195.98	19.1 %	11.13	(78.1 %)	(25.03)	(261.1 %)	(0.26)
Q1 2019	68.57	40.7 %	27.17	184.5 %	22.55	433.4 %	0.23
Q2 2019	53.43	29.5 %	6.17	160.8 %	(1.92)	89.3 %	(0.02)
Q3 2019	62.21	51.7 %	16.30	259.3 %	7.59	141.5 %	0.08
Q4 2019	90.19	38.8 %	41.79	90.3 %	30.84	337.2 %	0.32
2019	274.40	40.0 %	91.43	721.4 %	59.06	336.0 %	0.60
Q1 2020	119.46	74.2 %	55.02	102.5 %	40.22	78.4 %	0.41
Q2 2020	66.24	24.0 %	28.47	361.7 %	21.75	1232.1 %	0.22
Q3 2020	71.68	15.2 %	30.24	85.5 %	22.83	200.6 %	0.23
Q4 2020	78.90	(12.5 %)	33.93	(18.8 %)	22.26	(27.8 %)	0.23
2020	336.28	22.6 %	147.66	61.5 %	107.06	81.3 %	1.09
Q1 2021	81.89	(31.5 %)	30.91	(43.8 %)	25.87	(35.7 %)	0.26

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
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
2017	164.54	(39.5 %)	50.77	(62.5 %)	15.54	(84.4 %)	0.16
2018	195.98	19.1 %	11.13	(78.1 %)	(25.03)	(261.1 %)	(0.26)
2019	274.40	40.0 %	91.43	721.4 %	59.06	336.0 %	0.60
2020	336.28	22.6 %	147.66	61.5 %	107.06	81.3 %	1.09

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q4 2017	30.86 %	56.53 %	9.45 %
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 %)
2018	5.68 %	27.48 %	(12.77 %)
Q1 2019	13.32 %	32.91 %	(3.11 %)
Q2 2019	19.77 %	38.41 %	4.11 %
Q3 2019	28.73 %	44.70 %	14.15 %
Q4 2019	33.32 %	49.32 %	21.52 %
2019	33.32 %	49.32 %	21.52 %
Q1 2020	36.66 %	49.64 %	23.59 %
Q2 2020	41.87 %	54.82 %	29.70 %
Q3 2020	44.74 %	57.48 %	33.27 %
Q4 2020	43.91 %	56.96 %	34.34 %
2020	43.91 %	56.96 %	34.34 %
Q1 2021	41.36 %	55.85 %	33.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2017	30.86 %	56.53 %	9.45 %
2018	5.68 %	27.48 %	(12.77 %)
2019	33.32 %	49.32 %	21.52 %
2020	43.91 %	56.96 %	34.34 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q4 2017	26.17 %	47.82 %	7.75 %
Q1 2018	19.60 %	43.17 %	8.67 %
Q2 2018	(24.60 %)	1.27 %	(43.61 %)
Q3 2018	(24.96 %)	6.31 %	(44.66 %)
Q4 2018	33.80 %	45.73 %	10.86 %
Q1 2019	39.63 %	55.70 %	32.88 %
Q2 2019	11.54 %	31.96 %	(3.60 %)
Q3 2019	26.20 %	42.45 %	12.21 %
Q4 2019	46.33 %	59.49 %	34.19 %
Q1 2020	46.05 %	53.85 %	33.67 %
Q2 2020	42.98 %	61.82 %	32.83 %
Q3 2020	42.18 %	57.00 %	31.85 %
Q4 2020	43.01 %	57.55 %	38.86 %
Q1 2021	37.75 %	48.39 %	31.59 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q2 2019	97.90	0.10	0.10	10.42
Q3 2019	97.90	0.36	0.36	10.50
Q4 2019	97.90	0.60	0.60	10.79
Q1 2020	97.90	0.78	0.78	11.21
Q2 2020	97.90	1.03	1.03	11.44
Q3 2020	97.90	1.18	1.18	11.67
Q4 2020	97.90	1.09	1.18	11.86
Q1 2021	97.90	0.95	1.03	12.15

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2017	97.90	0.16	0.16	10.50
2018	97.90	(0.26)	(0.26)	10.22
2019	97.90	0.60	0.60	10.79
2020	97.90	1.09	1.18	11.86

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q2 2019	93.67	93.67	0.86
Q3 2019	26.62	26.62	0.91
Q4 2019	20.22	20.22	1.13
Q1 2020	12.30	12.30	0.86
Q2 2020	11.90	11.90	1.07
Q3 2020	13.36	13.36	1.35
Q4 2020	15.29	14.18	1.41
Q1 2021	18.37	16.85	1.43

Period	P/E	Adjusted P/E	Price/book
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
2017	62.36	62.36	0.94
2018	NEG	NEG	0.77
2019	20.22	20.22	1.13
2020	15.29	14.18	1.41

Analysts Estimates (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change‬
Average	28.50	25.87	(9.2 %)

Estimates vs Actual (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change
OSOOL AND BAKHEET	28.50	25.87	(9.2) %

Financial Ratios

	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

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Hail Cement net profit falls 36% to SAR 25.9 mln in Q1 2021

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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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Hail Cement net profit falls 36% to SAR 25.9 mln in Q1 2021

View other reports

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

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