Al Othaim’s 9M net profit more than doubles

01/11/2017 Argaam Exclusive

View other reports

Abdullah Al Othaim Markets Co.’s net profit for the first nine months of 2017 more than doubled to SAR 281.9 million compared to the same period last year, attributed to non-recurring gains from the sale of a shopping mall in Hail city during Q3.

The increase in net profit was also backed by higher sales from existing and new branches, improved gross margin, and an increase in real estate revenue due to adding new leasable spaces. The results of the corresponding period included losses from a fire that occurred at one of the manufacturing facilities of an associate.

Financials (M)

Item	9m 2016	9m 2017	Change‬
Revenues	5,151.96	5,259.95	2.1 %
Gross Income	849.41	994.62	17.1 %
Operating Income	77.63	114.43	47.4 %
Net Income	132.58	281.98	112.7 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.15	0.31	112.7 %

The company’s net profit for Q3 more than quadrupled YoY to SAR 150.6 million also due to non-recurring gains resulting from the sale of the shopping mall in Hail city and overall higher sales.

When compared to the previous quarter, net profit doubled on the back of higher gross margin and non-recurring gains despite a drop in sales.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2016	Q3 2017	Change‬
Revenues	1,569.57	1,627.85	3.7 %
Gross Income	271.63	318.56	17.3 %
Operating Income	14.30	27.23	90.4 %
Net Income	36.19	150.62	316.2 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.04	0.17	316.2 %

Item	Q2 2017	Q3 2017	Change‬
Revenues	1,935.88	1,627.85	(15.9 %)
Gross Income	356.38	318.56	(10.6 %)
Operating Income	40.26	27.23	(32.4 %)
Net Income	71.21	150.62	111.5 %
Average Shares	900.00	900.00	-
EPS (Riyals)	0.08	0.17	111.5 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	671.75	-	36.69	-	23.50	-	0.03
Q2 2008	716.24	-	23.97	-	14.45	-	0.02
Q3 2008	780.89	6.6 %	23.96	(33.7 %)	14.19	(23.7 %)	0.02
Q4 2008	671.64	11.6 %	33.58	27.9 %	10.13	(31.6 %)	0.01
2008	2,840.51	24.9 %	118.20	9.4 %	62.27	4.2 %	0.07
Q1 2009	717.56	6.8 %	23.96	(34.7 %)	16.36	(30.4 %)	0.02
Q2 2009	723.85	1.1 %	27.48	14.7 %	19.51	35.0 %	0.02
Q3 2009	861.61	10.3 %	35.33	47.5 %	25.20	77.6 %	0.03
Q4 2009	762.12	13.5 %	51.00	51.9 %	16.46	62.5 %	0.02
2009	3,065.14	7.9 %	137.77	16.6 %	77.52	24.5 %	0.09
Q1 2010	779.56	8.6 %	37.59	56.9 %	31.74	94.1 %	0.04
Q2 2010	821.67	13.5 %	38.46	39.9 %	31.32	60.6 %	0.03
Q3 2010	941.39	9.3 %	42.72	20.9 %	45.87	82.0 %	0.05
Q4 2010	879.81	15.4 %	63.20	23.9 %	53.00	222.0 %	0.06
2010	3,422.44	11.7 %	181.96	32.1 %	161.93	108.9 %	0.18
Q1 2011	934.19	19.8 %	45.06	19.9 %	36.50	15.0 %	0.04
Q2 2011	987.16	20.1 %	43.82	13.9 %	41.10	31.2 %	0.05
Q3 2011	1,096.14	16.4 %	42.42	(0.7 %)	35.99	(21.5 %)	0.04
Q4 2011	925.31	5.2 %	43.73	(30.8 %)	36.48	(31.2 %)	0.04
2011	3,942.80	15.2 %	175.03	(3.8 %)	150.08	(7.3 %)	0.17
Q1 2012	976.27	4.5 %	35.50	(21.2 %)	33.86	(7.3 %)	0.04
Q2 2012	1,020.85	3.4 %	286.50	553.8 %	36.76	(10.6 %)	0.04
Q3 2012	1,122.32	2.4 %	184.90	335.9 %	40.68	13.0 %	0.05
Q4 2012	985.76	6.5 %	178.02	307.1 %	60.47	65.8 %	0.07
2012	4,105.20	4.1 %	684.91	291.3 %	171.77	14.4 %	0.19
Q1 2013	1,066.43	9.2 %	164.06	362.2 %	40.81	20.5 %	0.05
Q2 2013	1,161.19	13.7 %	176.39	(38.4 %)	39.73	8.1 %	0.04
Q3 2013	1,193.14	6.3 %	199.41	7.8 %	41.94	3.1 %	0.05
Q4 2013	1,159.21	17.6 %	231.29	29.9 %	70.03	15.8 %	0.08
2013	4,579.96	11.6 %	771.15	12.6 %	192.51	12.1 %	0.21
Q1 2014	1,222.98	14.7 %	204.66	24.7 %	46.47	13.9 %	0.05
Q2 2014	1,511.39	30.2 %	219.39	24.4 %	51.79	30.3 %	0.06
Q3 2014	1,208.79	1.3 %	195.07	(2.2 %)	42.29	0.8 %	0.05
Q4 2014	1,308.74	12.9 %	252.01	9.0 %	74.23	6.0 %	0.08
2014	5,251.90	14.7 %	871.13	13.0 %	214.78	11.6 %	0.24
Q1 2015	1,408.03	15.1 %	212.36	3.8 %	48.89	5.2 %	0.05
Q2 2015	1,725.54	14.2 %	247.99	13.0 %	55.66	7.5 %	0.06
Q3 2015	1,348.87	11.6 %	221.39	13.5 %	37.09	(12.3 %)	0.04
Q4 2015	1,553.36	18.7 %	316.73	25.7 %	89.23	20.2 %	0.10
2015	6,035.80	14.9 %	998.47	14.6 %	230.87	7.5 %	0.26
Q1 2016	1,606.16	14.1 %	265.48	25.0 %	46.62	(4.6 %)	0.05
Q2 2016	1,976.23	14.5 %	312.31	25.9 %	49.76	(10.6 %)	0.06
Q3 2016	1,569.57	16.4 %	271.63	22.7 %	36.19	(2.4 %)	0.04
Q4 2016	1,907.19	22.8 %	362.34	14.4 %	95.50	7.0 %	0.11
2016	7,014.54	16.2 %	1,211.30	21.3 %	228.07	(1.2 %)	0.25
Q1 2017	1,696.23	5.6 %	319.69	20.4 %	60.15	29.0 %	0.07
Q2 2017	1,935.88	(2.0 %)	356.38	14.1 %	71.21	43.1 %	0.08
Q3 2017	1,627.85	3.7 %	318.56	17.3 %	150.62	316.2 %	0.17

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	2,274.00	28.4 %	108.01	27.3 %	59.78	2.6 %	0.07
2008	2,840.51	24.9 %	118.20	9.4 %	62.27	4.2 %	0.07
2009	3,065.14	7.9 %	137.77	16.6 %	77.52	24.5 %	0.09
2010	3,422.44	11.7 %	181.96	32.1 %	161.93	108.9 %	0.18
2011	3,942.80	15.2 %	175.03	(3.8 %)	150.08	(7.3 %)	0.17
2012	4,105.20	4.1 %	684.91	291.3 %	171.77	14.4 %	0.19
2013	4,579.96	11.6 %	771.15	12.6 %	192.51	12.1 %	0.21
2014	5,251.90	14.7 %	871.13	13.0 %	214.78	11.6 %	0.24
2015	6,035.80	14.9 %	998.47	14.6 %	230.87	7.5 %	0.26
2016	7,014.54	16.2 %	1,211.30	21.3 %	228.07	(1.2 %)	0.25

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	4.52 %	1.88 %	2.62 %
Q3 2008	4.00 %	1.44 %	2.42 %
Q4 2008	4.16 %	1.24 %	2.19 %
2008	4.16 %	1.24 %	2.19 %
Q1 2009	3.65 %	0.81 %	1.91 %
Q2 2009	3.77 %	1.02 %	2.08 %
Q3 2009	4.05 %	1.43 %	2.39 %
Q4 2009	4.49 %	2.09 %	3.14 %
2009	4.49 %	2.09 %	3.14 %
Q1 2010	4.84 %	2.51 %	3.57 %
Q2 2010	5.04 %	2.68 %	3.83 %
Q3 2010	5.14 %	2.62 %	4.36 %
Q4 2010	5.32 %	2.88 %	4.73 %
2010	5.32 %	2.88 %	4.73 %
Q1 2011	5.30 %	2.93 %	4.81 %
Q2 2011	5.20 %	2.96 %	4.87 %
Q3 2011	4.99 %	2.67 %	4.43 %
Q4 2011	4.44 %	2.15 %	3.81 %
2011	4.44 %	2.15 %	3.81 %
Q1 2012	4.15 %	1.79 %	3.57 %
Q2 2012	10.16 %	3.03 %	3.41 %
Q3 2012	13.61 %	3.88 %	3.51 %
Q4 2012	16.68 %	4.90 %	4.18 %
2012	16.68 %	4.90 %	4.18 %
Q1 2013	19.39 %	5.62 %	4.26 %
Q2 2013	16.22 %	4.71 %	4.19 %
Q3 2013	16.29 %	4.60 %	4.15 %
Q4 2013	16.84 %	4.65 %	4.20 %
2013	16.84 %	4.65 %	4.20 %
Q1 2014	17.14 %	4.57 %	4.18 %
Q2 2014	16.80 %	4.65 %	4.13 %
Q3 2014	16.67 %	4.66 %	4.13 %
Q4 2014	16.59 %	4.81 %	4.09 %
2014	16.59 %	4.81 %	4.09 %
Q1 2015	16.16 %	4.69 %	3.99 %
Q2 2015	16.06 %	4.53 %	3.91 %
Q3 2015	16.12 %	4.45 %	3.73 %
Q4 2015	16.54 %	4.58 %	3.83 %
2015	16.54 %	4.58 %	3.83 %
Q1 2016	16.87 %	4.62 %	3.81 %
Q2 2016	17.21 %	4.44 %	3.57 %
Q3 2016	17.39 %	4.33 %	3.44 %
Q4 2016	17.17 %	4.40 %	3.42 %
2016	17.27 %	4.49 %	3.44 %
Q1 2017	17.71 %	4.66 %	3.44 %
Q2 2017	18.43 %	4.91 %	3.76 %
Q3 2017	18.93 %	5.13 %	3.93 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	4.75 %	1.94 %	2.63 %
2008	4.16 %	1.24 %	2.19 %
2009	4.49 %	2.09 %	3.14 %
2010	5.32 %	2.88 %	4.73 %
2011	4.44 %	2.15 %	3.81 %
2012	16.68 %	4.90 %	4.18 %
2013	16.84 %	4.65 %	4.20 %
2014	16.59 %	4.81 %	4.09 %
2015	16.54 %	4.58 %	3.83 %
2016	17.27 %	4.49 %	3.44 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	5.46 %	3.00 %	3.50 %
Q2 2008	3.35 %	0.54 %	2.02 %
Q3 2008	3.07 %	0.66 %	1.82 %
Q4 2008	5.00 %	0.89 %	1.51 %
Q1 2009	3.34 %	1.19 %	2.28 %
Q2 2009	3.80 %	1.36 %	2.69 %
Q3 2009	4.10 %	2.13 %	2.92 %
Q4 2009	6.69 %	3.60 %	4.63 %
Q1 2010	4.82 %	2.92 %	4.07 %
Q2 2010	4.68 %	2.18 %	3.81 %
Q3 2010	4.54 %	1.96 %	4.87 %
Q4 2010	7.18 %	4.47 %	6.02 %
Q1 2011	4.82 %	3.13 %	4.48 %
Q2 2011	4.44 %	2.41 %	4.22 %
Q3 2011	3.87 %	1.06 %	3.28 %
Q4 2011	4.73 %	2.18 %	3.31 %
Q1 2012	3.64 %	1.61 %	3.47 %
Q2 2012	28.06 %	7.27 %	3.60 %
Q3 2012	16.47 %	4.17 %	3.62 %
Q4 2012	18.06 %	6.51 %	6.13 %
Q1 2013	15.38 %	4.75 %	3.83 %
Q2 2013	15.19 %	3.67 %	3.42 %
Q3 2013	16.71 %	3.79 %	3.52 %
Q4 2013	19.95 %	6.44 %	6.04 %
Q1 2014	16.73 %	4.42 %	3.80 %
Q2 2014	14.52 %	4.14 %	3.43 %
Q3 2014	16.14 %	3.86 %	3.50 %
Q4 2014	19.26 %	6.83 %	5.67 %
Q1 2015	15.08 %	4.01 %	3.47 %
Q2 2015	14.37 %	3.69 %	3.23 %
Q3 2015	16.41 %	3.56 %	2.75 %
Q4 2015	20.39 %	6.98 %	5.74 %
Q1 2016	16.53 %	4.22 %	3.44 %
Q2 2016	15.80 %	3.22 %	2.52 %
Q3 2016	17.31 %	3.23 %	2.31 %
Q4 2016	19.00 %	6.74 %	5.24 %
Q1 2017	18.85 %	5.31 %	3.55 %
Q2 2017	18.41 %	4.10 %	3.68 %
Q3 2017	19.57 %	4.29 %	3.10 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	900.00	-	-	0.29
Q2 2008	900.00	0.08	0.08	0.31
Q3 2008	900.00	0.07	0.07	0.32
Q4 2008	900.00	0.07	0.07	0.33
Q1 2009	900.00	0.06	0.06	0.35
Q2 2009	900.00	0.07	0.07	0.33
Q3 2009	900.00	0.08	0.08	0.36
Q4 2009	900.00	0.09	0.11	0.38
Q1 2010	900.00	0.10	0.12	0.35
Q2 2010	900.00	0.12	0.14	0.39
Q3 2010	900.00	0.14	0.16	0.44
Q4 2010	900.00	0.18	0.18	0.50
Q1 2011	900.00	0.19	0.19	0.46
Q2 2011	900.00	0.20	0.20	0.51
Q3 2011	900.00	0.19	0.19	0.55
Q4 2011	900.00	0.17	0.17	0.59
Q1 2012	900.00	0.16	0.16	0.63
Q2 2012	900.00	0.16	0.15	0.67
Q3 2012	900.00	0.16	0.16	0.71
Q4 2012	900.00	0.19	0.19	0.76
Q1 2013	900.00	0.20	0.20	0.80
Q2 2013	900.00	0.20	0.20	0.77
Q3 2013	900.00	0.20	0.20	0.82
Q4 2013	900.00	0.21	0.21	0.90
Q1 2014	900.00	0.22	0.22	0.95
Q2 2014	900.00	0.23	0.23	0.93
Q3 2014	900.00	0.23	0.23	0.98
Q4 2014	900.00	0.24	0.24	1.06
Q1 2015	900.00	0.24	0.24	1.11
Q2 2015	900.00	0.25	0.25	1.09
Q3 2015	900.00	0.24	0.24	1.13
Q4 2015	900.00	0.26	0.26	1.23
Q1 2016	900.00	0.25	0.26	1.17
Q2 2016	900.00	0.25	0.26	1.23
Q3 2016	900.00	0.25	0.26	1.27
Q4 2016	900.00	0.25	0.27	1.37
Q1 2017	900.00	0.27	0.27	1.44
Q2 2017	900.00	0.29	0.30	1.41
Q3 2017	900.00	0.42	0.31	1.58

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	900.00	0.07	0.07	0.26
2008	900.00	0.07	0.07	0.33
2009	900.00	0.09	0.11	0.38
2010	900.00	0.18	0.18	0.50
2011	900.00	0.17	0.17	0.59
2012	900.00	0.19	0.19	0.76
2013	900.00	0.21	0.21	0.90
2014	900.00	0.24	0.24	1.06
2015	900.00	0.26	0.26	1.23
2016	900.00	0.25	0.27	1.37

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	13.49	13.49	3.12
Q4 2008	14.45	14.45	3.01
Q1 2009	15.48	15.48	2.70
Q2 2009	22.06	22.06	4.41
Q3 2009	14.96	14.96	3.26
Q4 2009	14.73	11.86	3.33
Q1 2010	14.47	12.04	4.22
Q2 2010	16.44	13.94	4.92
Q3 2010	12.47	10.85	3.95
Q4 2010	10.84	10.84	3.91
Q1 2011	12.46	12.07	4.97
Q2 2011	12.40	12.00	4.77
Q3 2011	13.04	12.59	4.39
Q4 2011	14.99	14.99	4.23
Q1 2012	13.89	14.41	3.62
Q2 2012	13.45	14.02	3.20
Q3 2012	13.48	14.04	3.10
Q4 2012	10.78	10.78	2.72
Q1 2013	10.48	10.48	2.60
Q2 2013	13.87	13.87	3.63
Q3 2013	16.11	16.11	4.01
Q4 2013	14.58	14.58	3.48
Q1 2014	20.10	20.10	4.67
Q2 2014	22.80	22.80	5.73
Q3 2014	24.55	24.55	5.88
Q4 2014	22.06	22.06	4.97
Q1 2015	21.92	21.92	4.75
Q2 2015	21.91	21.91	4.93
Q3 2015	19.12	19.12	4.06
Q4 2015	17.34	17.34	3.62
Q1 2016	16.93	16.32	3.67
Q2 2016	20.21	19.45	4.07
Q3 2016	15.47	14.89	3.01
Q4 2016	19.50	18.44	3.61
Q1 2017	20.49	20.12	3.83
Q2 2017	19.67	19.34	4.06
Q3 2017	14.62	19.58	3.88

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	14.45	14.45	3.01
2009	14.73	11.86	3.33
2010	10.84	10.84	3.91
2011	14.99	14.99	4.23
2012	10.78	10.78	2.72
2013	14.58	14.58	3.48
2014	22.06	22.06	4.97
2015	17.34	17.34	3.62
2016	19.50	18.44	3.61

Business Segments (Million)

Compared With The

Period	Retail and wholesale	Head office and leasing and others
Q1 2011	934.19	32.34
Q2 2011	987.16	38.21
Q3 2011	1,096.14	40.08
Q4 2011	925.31	37.48
Q1 2012	976.27	36.44
Q2 2012	1,020.85	3.02
Q3 2012	1,122.32	20.32
Q4 2012	985.76	21.90
Q1 2013	1,066.43	21.50
Q2 2013	1,161.19	23.94
Q3 2013	1,193.14	23.78
Q4 2013	1,159.21	23.98
Q1 2014	1,222.98	24.03
Q2 2014	1,511.39	22.85
Q3 2014	1,208.79	26.42
Q4 2014	1,308.74	22.64
Q1 2015	1,408.03	26.15
Q2 2015	1,725.54	27.56
Q3 2015	1,348.57	26.93
Q4 2015	1,553.66	30.55
Q1 2016	1,640.02	28.03
Q2 2016	2,020.19	28.36
Q3 2016	1,583.28	28.54
Q4 2016	1,928.23	38.64
Q1 2017	1,875.71	-
Q2 2017	2,165.24	-
Q3 2017	1,750.81	9.20

Period	Retail and wholesale	Head office and leasing and others
2011	3,942.80	148.12
2012	4,105.20	81.68
2013	4,579.96	93.19
2014	5,251.90	95.93
2015	6,035.80	111.20
2016	7,171.73	123.57

Analysts Estimates (Million)

Item	Q3 2017 (e)	Q3 2017 (a)	Change‬
Average	147.00	150.62	2.46 %

Estimates vs Actual (Million)

Item	Q3 2017 (e)	Q3 2017 (a)	Change
Albilad Capital	143.00	150.62	5.3 %
Alistithmar Capital	142.60	150.62	5.6 %
AlJazira Capital	142.40	150.62	5.8 %
Al Rajhi Capital	160.00	150.62	(5.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	10,494.00
Enterprise Value (EV) (M)	10,160.02
Shares Outstanding ((M))	900.00
EPS ( Riyal) (TTM)	0.54
Book Value (BV) ( Riyal)	1.33
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	27.36
P/E (TTM)	21.54
Price/book	8.76
Return on Average Assets (%) (TTM)	7.4
Return on Average Equity (%) (TTM)	39.5

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Al Othaim’s 9M net profit more than doubles

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2017 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Al Othaim’s 9M net profit more than doubles

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

Business Segments (Million) Q3 2017

Revenue by Business Segment (Latest) 2017 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)