Herfy’s net profit slips to SAR 54 million in Q1

04/05/2017 Argaam Exclusive

View other reports

Share Price

Herfy Food Services Co. (HERFY FOODS)

Herfy Food Services Co. reported a net profit of SAR 52.7 million for Q1 2017, a 1.2 percent year-on-year (YoY) drop, attributed to a 3 percent decline in sales and higher SG&A expenses that offset higher gross profit.

On a sequential basis, Q1 net profit fell 4.8 percent, due to higher G&A expenses, in addition to a slump in sales by 1.9 percent.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2016	Q1 2017	Change‬
Revenues	283.55	275.01	(3.0 %)
Gross Income	85.25	86.86	1.9 %
Operating Income	53.12	53.36	0.5 %
Net Income	53.35	52.72	(1.2 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.82	0.82	(1.2 %)

Item	Q4 2016	Q1 2017	Change‬
Revenues	280.23	275.01	(1.9 %)
Gross Income	90.37	86.86	(3.9 %)
Operating Income	54.80	53.36	(2.6 %)
Net Income	54.95	52.72	(4.1 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.85	0.82	(4.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	466.46	24.4 %	143.95	32.2 %	91.26	48.2 %	1.41
Q1 2009	122.50	-	37.83	-	23.76	-	0.37
Q2 2009	132.10	-	45.32	-	31.35	-	0.48
Q3 2009	133.16	-	43.53	-	29.92	-	0.46
Q4 2009	129.83	-	42.63	-	29.62	-	0.46
2009	517.59	11.0 %	169.30	17.6 %	114.64	25.6 %	1.77
Q1 2010	136.19	11.2 %	44.41	17.4 %	28.15	18.5 %	0.44
Q2 2010	146.75	11.1 %	49.83	10.0 %	32.61	4.0 %	0.50
Q3 2010	145.82	9.5 %	47.79	9.8 %	30.43	1.7 %	0.47
Q4 2010	151.17	16.4 %	50.87	19.3 %	33.09	11.7 %	0.51
2010	579.93	12.0 %	192.90	13.9 %	124.27	8.4 %	1.92
Q1 2011	159.30	17.0 %	50.63	14.0 %	32.55	15.6 %	0.50
Q2 2011	188.42	28.4 %	61.27	23.0 %	39.36	20.7 %	0.61
Q3 2011	172.52	18.3 %	52.06	8.9 %	34.46	13.2 %	0.53
Q4 2011	188.33	24.6 %	62.29	22.4 %	40.28	21.7 %	0.62
2011	708.57	22.2 %	226.24	17.3 %	146.65	18.0 %	2.27
Q1 2012	198.94	24.9 %	61.70	21.9 %	40.60	24.8 %	0.63
Q2 2012	218.32	15.9 %	70.50	15.1 %	49.31	25.3 %	0.76
Q3 2012	203.04	17.7 %	61.28	17.7 %	42.38	23.0 %	0.66
Q4 2012	221.71	17.7 %	72.88	17.0 %	48.87	21.3 %	0.76
2012	842.02	18.8 %	266.36	17.7 %	181.16	23.5 %	2.80
Q1 2013	208.77	4.9 %	67.06	8.7 %	46.46	14.4 %	0.72
Q2 2013	222.81	2.1 %	72.45	2.8 %	51.22	3.9 %	0.79
Q3 2013	198.54	(2.2 %)	60.26	(1.7 %)	42.40	0.0 %	0.66
Q4 2013	218.59	(1.4 %)	73.37	0.7 %	57.57	17.8 %	0.89
2013	848.70	0.8 %	273.15	2.5 %	191.43	5.7 %	2.96
Q1 2014	215.93	3.4 %	71.32	6.3 %	48.01	3.3 %	0.74
Q2 2014	226.72	1.8 %	76.35	5.4 %	52.40	2.3 %	0.81
Q3 2014	224.71	13.2 %	71.72	19.0 %	56.72	33.8 %	0.88
Q4 2014	242.78	11.1 %	72.01	(1.9 %)	48.68	(15.4 %)	0.75
2014	910.14	7.2 %	291.40	6.7 %	205.81	7.5 %	3.18
Q1 2015	265.20	22.8 %	86.87	21.8 %	54.54	13.6 %	0.84
Q2 2015	259.36	14.4 %	75.02	(1.7 %)	46.27	(11.7 %)	0.72
Q3 2015	279.47	24.4 %	85.35	19.0 %	56.65	(0.1 %)	0.88
Q4 2015	272.97	12.4 %	73.55	2.1 %	45.22	(7.1 %)	0.70
2015	1,077.01	18.3 %	320.80	10.1 %	202.68	(1.5 %)	3.13
Q1 2016	283.55	6.9 %	85.25	(1.9 %)	53.35	(2.2 %)	0.82
Q2 2016	277.73	7.1 %	76.77	2.3 %	49.48	7.0 %	0.77
Q3 2016	315.17	12.8 %	95.22	11.6 %	59.29	4.7 %	0.92
Q4 2016	280.23	2.7 %	90.37	22.9 %	54.95	21.5 %	0.85
2016	1,156.68	7.4 %	347.60	8.4 %	217.08	7.1 %	3.36
Q1 2017	275.01	(3.0 %)	86.86	1.9 %	52.72	(1.2 %)	0.82

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	375.03	15.8 %	108.89	13.2 %	61.59	29.8 %	0.95
2008	466.46	24.4 %	143.95	32.2 %	91.26	48.2 %	1.41
2009	517.59	11.0 %	169.30	17.6 %	114.64	25.6 %	1.77
2010	579.93	12.0 %	192.90	13.9 %	124.27	8.4 %	1.92
2011	708.57	22.2 %	226.24	17.3 %	146.65	18.0 %	2.27
2012	842.02	18.8 %	266.36	17.7 %	181.16	23.5 %	2.80
2013	848.70	0.8 %	273.15	2.5 %	191.43	5.7 %	2.96
2014	910.14	7.2 %	291.40	6.7 %	205.81	7.5 %	3.18
2015	1,077.01	18.3 %	320.80	10.1 %	202.68	(1.5 %)	3.13
2016	1,156.68	7.4 %	347.60	8.4 %	217.08	7.1 %	3.36

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	30.86 %	25.76 %	19.56 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	32.71 %	27.26 %	22.15 %
2009	32.71 %	27.26 %	22.15 %
Q1 2010	33.11 %	27.66 %	22.40 %
Q2 2010	33.04 %	27.45 %	22.03 %
Q3 2010	33.06 %	27.12 %	21.63 %
Q4 2010	33.26 %	27.12 %	21.43 %
2010	33.26 %	27.12 %	21.43 %
Q1 2011	33.02 %	27.11 %	21.34 %
Q2 2011	32.66 %	26.79 %	21.01 %
Q3 2011	32.00 %	26.51 %	20.77 %
Q4 2011	31.93 %	26.56 %	20.70 %
2011	31.93 %	26.56 %	20.70 %
Q1 2012	31.72 %	26.37 %	20.68 %
Q2 2012	31.69 %	26.60 %	21.16 %
Q3 2012	31.63 %	26.74 %	21.34 %
Q4 2012	31.63 %	26.91 %	21.52 %
2012	31.63 %	26.92 %	21.52 %
Q1 2013	31.90 %	27.49 %	21.95 %
Q2 2013	31.96 %	27.80 %	22.06 %
Q3 2013	32.01 %	27.66 %	22.18 %
Q4 2013	32.18 %	27.95 %	22.56 %
2013	32.18 %	28.08 %	21.82 %
Q1 2014	32.41 %	28.02 %	22.55 %
Q2 2014	32.72 %	28.34 %	22.58 %
Q3 2014	33.05 %	28.31 %	22.06 %
Q4 2014	32.02 %	27.42 %	21.05 %
2014	32.02 %	27.42 %	21.05 %
Q1 2015	31.99 %	27.21 %	20.65 %
Q2 2015	30.81 %	26.54 %	19.35 %
Q3 2015	30.50 %	26.96 %	19.58 %
Q4 2015	29.79 %	26.88 %	18.82 %
2015	29.79 %	26.88 %	18.82 %
Q1 2016	29.14 %	26.58 %	18.39 %
Q2 2016	28.82 %	26.53 %	18.38 %
Q3 2016	28.78 %	25.92 %	18.04 %
Q4 2016	30.05 %	25.79 %	18.77 %
2016	30.05 %	25.79 %	18.77 %
Q1 2017	30.42 %	25.60 %	18.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	29.03 %	22.83 %	16.42 %
2008	30.86 %	25.76 %	19.56 %
2009	32.71 %	27.26 %	22.15 %
2010	33.26 %	27.12 %	21.43 %
2011	31.93 %	26.56 %	20.70 %
2012	31.63 %	26.92 %	21.52 %
2013	32.18 %	28.08 %	21.82 %
2014	32.02 %	27.42 %	21.05 %
2015	29.79 %	26.88 %	18.82 %
2016	30.05 %	25.79 %	18.77 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	30.88 %	24.81 %	19.39 %
Q2 2009	34.30 %	28.24 %	23.73 %
Q3 2009	32.69 %	28.37 %	22.47 %
Q4 2009	32.84 %	27.43 %	22.81 %
Q1 2010	32.61 %	26.60 %	20.67 %
Q2 2010	33.95 %	27.43 %	22.22 %
Q3 2010	32.78 %	27.02 %	20.87 %
Q4 2010	33.65 %	27.39 %	21.89 %
Q1 2011	31.78 %	26.62 %	20.43 %
Q2 2011	32.52 %	26.26 %	20.89 %
Q3 2011	30.18 %	25.92 %	19.98 %
Q4 2011	33.07 %	27.39 %	21.39 %
Q1 2012	31.01 %	25.92 %	20.41 %
Q2 2012	32.29 %	27.07 %	22.58 %
Q3 2012	30.18 %	26.58 %	20.87 %
Q4 2012	32.87 %	27.96 %	22.04 %
Q1 2013	32.12 %	28.32 %	22.26 %
Q2 2013	32.52 %	28.27 %	22.99 %
Q3 2013	30.35 %	25.95 %	21.35 %
Q4 2013	33.57 %	29.08 %	23.49 %
Q1 2014	33.03 %	28.61 %	22.23 %
Q2 2014	33.68 %	29.48 %	23.11 %
Q3 2014	31.92 %	26.08 %	19.45 %
Q4 2014	29.66 %	25.67 %	19.55 %
Q1 2015	32.76 %	27.63 %	20.57 %
Q2 2015	28.92 %	26.63 %	17.84 %
Q3 2015	30.54 %	27.75 %	20.27 %
Q4 2015	26.95 %	25.50 %	16.57 %
Q1 2016	30.07 %	26.42 %	18.82 %
Q2 2016	27.64 %	26.43 %	17.82 %
Q3 2016	30.21 %	25.37 %	18.81 %
Q4 2016	32.25 %	24.98 %	19.61 %
Q1 2017	31.58 %	25.67 %	19.17 %

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	64.68	-	-	4.42
Q2 2009	64.68	-	-	4.59
Q3 2009	64.68	-	-	5.06
Q4 2009	64.68	1.77	1.77	4.90
Q1 2010	64.68	1.84	1.84	5.33
Q2 2010	64.68	1.86	1.86	5.52
Q3 2010	64.68	1.87	1.87	5.37
Q4 2010	64.68	1.92	1.92	5.88
Q1 2011	64.68	1.99	1.99	6.38
Q2 2011	64.68	2.09	2.09	6.34
Q3 2011	64.68	2.16	2.16	6.17
Q4 2011	64.68	2.27	2.27	6.80
Q1 2012	64.68	2.39	2.39	7.42
Q2 2012	64.68	2.55	2.55	7.46
Q3 2012	64.68	2.67	2.67	7.31
Q4 2012	64.68	2.80	2.80	8.06
Q1 2013	64.68	2.89	2.89	8.78
Q2 2013	64.68	2.92	2.92	8.73
Q3 2013	64.68	2.92	2.92	8.50
Q4 2013	64.68	3.06	2.96	9.29
Q1 2014	64.68	3.08	2.98	10.03
Q2 2014	64.68	3.10	3.00	9.92
Q3 2014	64.68	3.32	3.02	9.73
Q4 2014	64.68	3.18	2.96	10.48
Q1 2015	64.68	3.28	3.06	11.32
Q2 2015	64.68	3.19	2.97	10.87
Q3 2015	64.68	3.19	3.17	10.67
Q4 2015	64.68	3.13	3.13	11.37
Q1 2016	64.68	3.12	3.12	12.04
Q2 2016	64.68	3.16	3.16	11.71
Q3 2016	64.68	3.21	3.21	11.55
Q4 2016	64.68	3.36	3.36	12.41
Q1 2017	64.68	3.35	3.35	13.23

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	64.68	0.95	0.95	3.57
2008	64.68	1.41	1.41	4.05
2009	64.68	1.77	1.77	4.90
2010	64.68	1.92	1.92	5.88
2011	64.68	2.27	2.27	6.80
2012	64.68	2.80	2.80	8.06
2013	64.68	2.96	2.86	9.29
2014	64.68	3.18	2.96	10.48
2015	64.68	3.13	3.13	11.37
2016	64.68	3.36	3.36	12.41

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	13.89	13.89	4.79
Q2 2010	16.32	16.32	5.50
Q3 2010	17.54	17.54	6.10
Q4 2010	17.15	17.15	5.61
Q1 2011	16.78	16.78	5.23
Q2 2011	17.34	17.34	5.73
Q3 2011	16.13	16.13	5.63
Q4 2011	17.48	17.48	5.83
Q1 2012	17.64	17.64	5.68
Q2 2012	16.12	16.12	5.50
Q3 2012	17.55	17.55	6.41
Q4 2012	17.38	17.38	6.04
Q1 2013	18.40	18.40	6.06
Q2 2013	20.78	20.78	6.95
Q3 2013	20.95	20.95	7.20
Q4 2013	18.53	19.13	6.09
Q1 2014	22.85	23.59	7.02
Q2 2014	23.25	24.00	7.26
Q3 2014	22.07	24.25	7.53
Q4 2014	21.83	23.45	6.63
Q1 2015	24.15	25.88	7.00
Q2 2015	26.22	28.16	7.69
Q3 2015	21.07	21.20	6.29
Q4 2015	22.93	22.93	6.32
Q1 2016	14.85	14.85	3.84
Q2 2016	17.52	17.52	4.74
Q3 2016	14.23	14.23	3.95
Q4 2016	16.69	16.69	4.51
Q1 2017	17.66	17.66	4.47

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	17.15	17.15	5.61
2011	17.48	17.48	5.83
2012	17.38	17.38	6.04
2013	19.13	19.77	6.09
2014	21.83	23.45	6.63
2015	22.93	22.93	6.32
2016	16.69	16.69	4.51

Business Segments (Million)

Compared With The

Period	Restaurants	Meat Factory	Bakeries and others	Shaboura factory
Q1 2009	94.27	2.74	21.45	4.04
Q2 2009	102.85	3.28	22.06	3.92
Q3 2009	107.65	3.02	19.09	3.39
Q4 2009	99.25	3.71	22.54	4.33
Q1 2010	104.81	4.03	22.98	4.37
Q2 2010	115.81	4.45	23.12	3.38
Q3 2010	120.95	4.30	18.30	2.27
Q4 2010	119.57	5.56	23.02	3.02
Q1 2011	124.61	6.28	23.98	4.43
Q2 2011	152.46	5.94	26.29	3.73
Q3 2011	144.55	5.36	20.74	1.88
Q4 2011	151.15	6.80	27.33	3.06
Q1 2012	161.28	7.26	27.15	3.26
Q2 2012	177.78	6.61	29.96	3.97
Q3 2012	170.50	5.86	33.91	-
Q4 2012	187.78	7.21	26.73	-
Q1 2013	176.07	6.47	26.22	-
Q2 2013	189.39	6.62	26.81	-
Q3 2013	173.20	6.79	18.54	-
Q4 2013	185.46	8.70	24.42	-
Q1 2014	182.75	7.74	25.44	-
Q2 2014	191.16	7.68	27.88	-
Q3 2014	196.58	6.76	21.37	-
Q4 2014	204.62	7.63	30.54	-
Q1 2015	226.66	6.83	31.71	-
Q2 2015	221.24	7.83	30.29	-
Q3 2015	246.39	6.06	27.01	-
Q4 2015	227.95	7.80	37.23	-
Q1 2016	241.18	6.67	35.70	-
Q2 2016	239.31	6.29	32.13	-
Q3 2016	279.93	6.12	29.12	-
Q4 2016	234.31	7.48	38.43	-
Q1 2017	232.91	7.83	34.28	-

Period	Restaurants	Meat Factory	Bakeries and others	Shaboura factory
2007	287.97	4.66	68.49	13.91
2008	363.67	9.86	78.88	14.05
2009	404.03	12.74	85.14	15.68
2010	461.15	18.33	87.43	13.03
2011	572.77	24.37	98.33	13.10
2012	697.34	26.93	117.74	-
2013	724.12	28.58	95.99	-
2014	775.11	29.81	105.22	-
2015	922.24	28.52	126.24	-
2016	994.73	26.57	135.39	-

Analysts Estimates (Million)

Item	Q1 2017 (e)	Q1 2017 (a)	Change‬
Average	57.58	52.72	(8.4 %)

Estimates vs Actual (Million)

Item	Q1 2017 (e)	Q1 2017 (a)	Change
OSOOL AND BAKHEET	55.90	52.72	(5.7) %
Al Rajhi Capital	56.00	52.72	(5.9) %
Albilad Capital	56.00	52.72	(5.9) %
Sico	60.00	52.72	(12.1) %
Arbah Capital	60.00	52.72	(12.1) %

Financial Ratios

	Current
Market Cap (M Riyal)	2,011.55
Enterprise Value (EV) (M)	2,006.93
Shares Outstanding ((M))	64.68
EPS ( Riyal) (TTM)	0.33
Book Value (BV) ( Riyal)	15.99
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 50
P/E (TTM)	More than 50
Price/book	1.95
Return on Average Assets (%) (TTM)	1.1
Return on Average Equity (%) (TTM)	2.1

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

Herfy’s net profit slips to SAR 54 million in Q1

View other reports

Share Price

Herfy Food Services Co. (HERFY FOODS)

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 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

Herfy’s net profit slips to SAR 54 million in Q1

View other reports

Share Price

Herfy Food Services Co. (HERFY FOODS)

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) Q1 2017

Revenue by Business Segment (Latest) 2017 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)