eXtra swings to net loss of SAR 25 mln in 9M 2016

19/10/2016 Argaam Exclusive

View other reports

Share Price

96.30
(0.90) (0.93 %)

United Electronics Co. (EXTRA)

 

United Electronics Company (eXtra), a retailer of electronic and home appliances, swung to a net loss of SAR 25.4 million for the first nine months of 2016, compared to a net profit of SAR 40 million in the same period last year.

 

The loss was attributed to lower sales and higher selling, general and administrative expenses. 



Financials (M)

Item 9m 2015 9m 2016 Change‬
Revenues 2,470.88 2,369.63 (4.1 %)
Gross Income 401.73 375.90 (6.4 %)
Operating Income 42.55 (20.62) (148.4 %)
Net Income 40.11 (28.70) (171.6 %)
Average Shares 80.00 80.00 -
EPS (Riyals) 0.50 (0.36) (171.6 %)

The third-quarter net profit fell 40 percent year-on-year to SAR 7.3 million due to the non-recurring SAR 5.2 million advisory costs incurred by the company on withdrawing a letter of intent to acquire a stake in International Provinces Co. Normalized net profit would have stood at SAR 12.5 million, a rise of 2.5 percent when compared to the previous quarter. 



Current Quarter Comparison (M)

Compared With The
Item Q3 2015 Q3 2016 Change‬
Revenues 719.66 745.45 3.6 %
Gross Income 128.60 133.06 3.5 %
Operating Income 11.99 11.94 (0.4 %)
Net Income 12.20 6.16 (49.5 %)
Average Shares 80.00 80.00 -
EPS (Riyals) 0.15 0.08 (49.5 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
Q1 2008 - - - - - - -
Q2 2008 - - - - - - -
Q3 2008 - - - - - - -
Q4 2008 - - - - - - -
Q1 2009 - - - - - - -
Q2 2009 - - - - - - -
Q3 2009 - - - - - - -
Q4 2009 - - - - - - -
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 455.43 - 80.77 - 24.52 - 0.31
Q4 2010 531.23 - 101.02 - 37.36 - 0.47
Q1 2011 476.68 - 91.62 - 19.05 - 0.24
Q2 2011 650.72 - 119.43 - 45.46 - 0.57
Q3 2011 610.26 34.0 % 103.99 28.7 % 26.36 7.5 % 0.33
Q4 2011 723.86 36.3 % 120.23 19.0 % 41.21 10.3 % 0.52
Q1 2012 626.03 31.3 % 111.95 22.2 % 23.78 24.8 % 0.30
Q2 2012 726.27 11.6 % 131.05 9.7 % 48.37 6.4 % 0.60
Q3 2012 698.82 14.5 % 120.95 16.3 % 28.37 7.6 % 0.35
Q4 2012 963.92 33.2 % 166.56 38.5 % 58.08 40.9 % 0.73
Q1 2013 723.40 15.6 % 126.65 13.1 % 26.22 10.3 % 0.33
Q2 2013 971.21 33.7 % 160.30 22.3 % 53.30 10.2 % 0.67
Q3 2013 778.64 11.4 % 141.10 16.7 % 29.44 3.8 % 0.37
Q4 2013 914.43 (5.1 %) 173.54 4.2 % 58.37 0.5 % 0.73
Q1 2014 807.33 11.6 % 144.84 14.4 % 29.25 11.6 % 0.37
Q2 2014 984.29 1.3 % 167.96 4.8 % 53.77 0.9 % 0.67
Q3 2014 809.06 3.9 % 144.06 2.1 % 29.75 1.0 % 0.37
Q4 2014 1,088.69 19.1 % 163.90 (5.6 %) 8.28 (85.8 %) 0.10
Q1 2015 871.71 8.0 % 134.11 (7.4 %) 16.08 (45.0 %) 0.20
Q2 2015 879.50 (10.6 %) 138.51 (17.5 %) 11.83 (78.0 %) 0.15
Q3 2015 719.66 (11.0 %) 128.60 (10.7 %) 12.20 (59.0 %) 0.15
Q4 2015 1,273.91 17.0 % 176.00 7.4 % 9.07 9.7 % 0.11
Q1 2016 742.91 (14.8 %) 97.51 (27.3 %) (45.89) (385.4 %) (0.57)
Q2 2016 881.27 0.2 % 145.33 4.9 % 11.02 (6.8 %) 0.14
Q3 2016 745.45 3.6 % 133.06 3.5 % 6.16 (49.5 %) 0.08

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
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 18.58 % 6.91 % 5.98 %
Q3 2011 18.34 % 6.79 % 5.65 %
Q4 2011 17.68 % 6.42 % 5.37 %
Q1 2012 17.45 % 6.27 % 5.24 %
Q2 2012 17.39 % 6.25 % 5.20 %
Q3 2012 17.45 % 6.19 % 5.11 %
Q4 2012 17.60 % 6.36 % 5.26 %
Q1 2013 17.52 % 6.29 % 5.17 %
Q2 2013 17.11 % 6.06 % 4.94 %
Q3 2013 17.30 % 6.04 % 4.86 %
Q4 2013 17.76 % 6.21 % 4.94 %
Q1 2014 17.85 % 6.24 % 4.91 %
Q2 2014 18.01 % 6.30 % 4.90 %
Q3 2014 17.93 % 6.28 % 4.87 %
Q4 2014 16.83 % 4.60 % 3.28 %
Q1 2015 16.25 % 4.19 % 2.87 %
Q2 2015 15.91 % 3.15 % 1.81 %
Q3 2015 15.88 % 2.72 % 1.36 %
Q4 2015 15.41 % 2.71 % 1.31 %
Q1 2016 14.95 % 1.10 % (0.35 %)
Q2 2016 15.13 % 1.00 % (0.38 %)
Q3 2016 15.15 % 1.01 % (0.40 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 80.00 - - 2.57
Q4 2010 80.00 - - 3.04
Q1 2011 80.00 - - 3.28
Q2 2011 80.00 1.58 1.58 3.85
Q3 2011 80.00 1.60 1.60 4.18
Q4 2011 80.00 1.65 1.65 4.69
Q1 2012 80.00 1.71 1.71 4.22
Q2 2012 80.00 1.75 1.75 4.83
Q3 2012 80.00 1.77 1.77 5.18
Q4 2012 80.00 1.98 1.98 5.91
Q1 2013 80.00 2.01 2.01 6.23
Q2 2013 80.00 2.07 2.07 6.13
Q3 2013 80.00 2.09 2.09 6.03
Q4 2013 80.00 2.09 2.09 6.10
Q1 2014 80.00 2.13 2.13 6.47
Q2 2014 80.00 2.14 2.14 6.74
Q3 2014 80.00 2.14 2.14 6.74
Q4 2014 80.00 1.51 1.51 6.47
Q1 2015 80.00 1.35 1.35 6.67
Q2 2015 80.00 0.82 0.82 6.61
Q3 2015 80.00 0.60 0.60 6.53
Q4 2015 80.00 0.61 0.61 6.65
Q1 2016 80.00 (0.16) (0.16) 6.09
Q2 2016 80.00 (0.17) (0.17) 6.22
Q3 2016 80.00 (0.25) (0.18) 6.31

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
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 13.96 13.96 4.91
Q1 2012 16.05 16.05 6.50
Q2 2012 14.82 14.82 5.36
Q3 2012 15.79 15.79 5.40
Q4 2012 15.62 15.62 5.24
Q1 2013 18.05 18.05 5.83
Q2 2013 17.58 17.58 5.95
Q3 2013 21.35 21.35 7.40
Q4 2013 17.61 17.61 6.04
Q1 2014 20.14 20.14 6.63
Q2 2014 21.37 21.37 6.77
Q3 2014 20.58 20.58 6.53
Q4 2014 19.84 19.84 4.64
Q1 2015 26.44 26.44 5.35
Q2 2015 45.96 45.96 5.73
Q3 2015 34.06 34.06 3.15
Q4 2015 29.17 29.17 2.70
Q1 2016 NEG NEG 1.91
Q2 2016 NEG NEG 1.89
Q3 2016 NEG NEG 1.28

Analysts Estimates (Million)

Item Q3 2016 (e) Q3 2016 (a) Change‬
Average 4.00 6.16 54.00 %

Estimates vs Actual (Million)

Item Q3 2016 (e) Q3 2016 (a) Change
Al Rajhi Capital 4.00 6.16 54.0 %
Albilad Capital 17.00 6.16 (63.8) %
SNB Capital (9.00) 6.16 168.4 %

Current
Market Cap (M Riyal) 7,704.00
Enterprise Value (EV) (M) 8,713.25
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 5.00
Book Value (BV) ( Riyal) 15.37
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.59
P/E (TTM) 19.27
Price/book 6.27
Return on Average Assets (%) (TTM) 9.0
Return on Average Equity (%) (TTM) 32.6

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.