Bawan’s net profit soars to SAR 41.7 mln in Q1 2021

28/04/2021 Argaam Exclusive

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Share Price

Bawan Co. (BAWAN)

Bawan Co. reported net profit after Zakat and tax of SAR 41.7 million for Q1 2021, a sharp increase compared to SAR 15.2 million in the same period last year.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Revenues	644.14	862.12	33.8 %
Gross Income	80.24	102.46	27.7 %
Operating Income	31.66	49.61	56.7 %
Net Income	15.21	41.68	174.1 %
Average Shares	60.00	60.00	-
EPS (Riyals)	0.25	0.69	174.1 %

Item	Q4 2020	Q1 2021	Change‬
Revenues	709.46	862.12	21.5 %
Gross Income	113.49	102.46	(9.7 %)
Operating Income	41.57	49.61	19.3 %
Net Income	29.92	41.68	39.3 %
Average Shares	60.00	60.00	-
EPS (Riyals)	0.50	0.69	39.3 %

The increase came as the electrical industries segment turned to profit in the current period, versus a loss in Q1 2020. In addition, the firm noted higher revenues from the metal and wood segment, rise in profits of the plastic industries segment, and decrease in losses of the concrete industries segment.

The company also reported a decline in finance costs and an increase in Zakat and operational expenses.

When compared to the previous quarter, Q1 2021 net profit after Zakat and tax rose 39.3%.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2012	558.24	-	70.14	-	32.21	-	0.54
Q2 2012	531.64	-	64.40	-	34.49	-	0.57
Q3 2012	493.18	-	63.94	-	27.22	-	0.45
Q4 2012	502.56	-	79.96	-	37.26	-	0.62
2012	2,085.62	12.3 %	278.44	(1.1 %)	131.18	(3.0 %)	2.19
Q1 2013	571.83	2.4 %	82.56	17.7 %	40.35	25.3 %	0.67
Q2 2013	619.59	16.5 %	105.23	63.4 %	43.97	27.5 %	0.73
Q3 2013	616.28	25.0 %	112.60	76.1 %	44.97	65.2 %	0.75
Q4 2013	640.77	27.5 %	93.20	16.6 %	38.90	4.4 %	0.65
2013	2,448.46	17.4 %	393.59	41.4 %	168.19	28.2 %	2.80
Q1 2014	773.49	35.3 %	113.12	37.0 %	46.72	15.8 %	0.78
Q2 2014	758.47	22.4 %	107.51	2.2 %	47.10	7.1 %	0.79
Q3 2014	613.76	(0.4 %)	92.10	(18.2 %)	45.42	1.0 %	0.76
Q4 2014	654.49	2.1 %	81.30	(12.8 %)	37.22	(4.3 %)	0.62
2014	2,800.20	14.4 %	394.03	0.1 %	176.46	4.9 %	2.94
Q1 2015	661.53	(14.5 %)	76.76	(32.1 %)	27.33	(41.5 %)	0.46
Q2 2015	646.04	(14.8 %)	71.90	(33.1 %)	23.81	(49.5 %)	0.40
Q3 2015	546.48	(11.0 %)	70.02	(24.0 %)	20.13	(55.7 %)	0.34
Q4 2015	549.94	(16.0 %)	76.47	(5.9 %)	16.88	(54.6 %)	0.28
2015	2,403.98	(14.1 %)	295.15	(25.1 %)	88.15	(50.0 %)	1.47
Q1 2016	611.19	(7.6 %)	83.15	8.3 %	28.52	4.4 %	0.48
Q2 2016	642.66	(0.5 %)	120.65	67.8 %	53.22	123.6 %	0.89
Q3 2016	535.02	(2.1 %)	73.70	5.3 %	21.11	4.9 %	0.35
Q4 2016	529.76	(3.7 %)	74.24	(2.9 %)	11.52	(31.8 %)	0.19
2016	2,318.62	(3.6 %)	351.74	19.2 %	114.37	29.7 %	1.91
Q1 2017	549.99	(10.0 %)	68.85	(17.2 %)	21.59	(24.3 %)	0.36
Q2 2017	475.66	(26.0 %)	53.25	(55.9 %)	8.90	(83.3 %)	0.15
Q3 2017	506.94	(5.2 %)	62.89	(14.7 %)	23.29	10.4 %	0.39
Q4 2017	596.16	12.5 %	78.21	5.3 %	17.23	49.6 %	0.29
2017	2,128.75	(8.2 %)	263.20	(25.2 %)	71.01	(37.9 %)	1.18
Q1 2018	522.35	(5.0 %)	56.60	(17.8 %)	14.02	(35.1 %)	0.23
Q2 2018	465.77	(2.1 %)	39.73	(25.4 %)	1.60	(82.0 %)	0.03
Q3 2018	443.81	(12.5 %)	40.11	(36.2 %)	(4.13)	(117.7 %)	(0.07)
Q4 2018	521.52	(12.5 %)	19.14	(75.5 %)	(229.84)	(1433.9 %)	(3.83)
2018	1,953.46	(8.2 %)	155.58	(40.9 %)	(218.35)	(407.5 %)	(3.64)
Q1 2019	596.81	14.3 %	71.18	25.8 %	15.04	7.3 %	0.25
Q2 2019	519.17	11.5 %	58.94	48.4 %	3.03	89.3 %	0.05
Q3 2019	525.59	18.4 %	57.07	42.3 %	3.26	179.1 %	0.05
Q4 2019	593.66	13.8 %	62.00	223.9 %	5.30	102.3 %	0.09
2019	2,235.23	14.4 %	249.20	60.2 %	26.63	112.2 %	0.44
Q1 2020	644.14	7.9 %	80.24	12.7 %	15.21	1.1 %	0.25
Q2 2020	520.90	0.3 %	61.21	3.8 %	15.46	410.9 %	0.26
Q3 2020	548.78	4.4 %	86.93	52.3 %	29.58	806.7 %	0.49
Q4 2020	709.46	19.5 %	113.49	83.0 %	29.92	464.7 %	0.50
2020	2,423.29	8.4 %	341.87	37.2 %	90.17	238.6 %	1.50
Q1 2021	862.12	33.8 %	102.46	27.7 %	41.68	174.1 %	0.69

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2011	1,856.64	18.0 %	281.65	2.2 %	135.23	(3.5 %)	2.25
2012	2,085.62	12.3 %	278.44	(1.1 %)	131.18	(3.0 %)	2.19
2013	2,448.46	17.4 %	393.59	41.4 %	168.19	28.2 %	2.80
2014	2,800.20	14.4 %	394.03	0.1 %	176.46	4.9 %	2.94
2015	2,403.98	(14.1 %)	295.15	(25.1 %)	88.15	(50.0 %)	1.47
2016	2,318.62	(3.6 %)	351.74	19.2 %	114.37	29.7 %	1.91
2017	2,128.75	(8.2 %)	263.20	(25.2 %)	71.01	(37.9 %)	1.18
2018	1,953.46	(8.2 %)	155.58	(40.9 %)	(218.35)	(407.5 %)	(3.64)
2019	2,235.23	14.4 %	249.20	60.2 %	26.63	112.2 %	0.44
2020	2,423.29	8.4 %	341.87	37.2 %	90.17	238.6 %	1.50

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	13.35 %	9.27 %	6.29 %
2012	13.35 %	9.27 %	6.29 %
Q1 2013	13.86 %	9.69 %	6.64 %
Q2 2013	15.17 %	10.84 %	7.35 %
Q3 2013	16.46 %	11.90 %	8.33 %
Q4 2013	16.08 %	11.36 %	7.45 %
2013	16.08 %	11.36 %	7.45 %
Q1 2014	16.01 %	11.23 %	7.36 %
Q2 2014	15.29 %	10.41 %	6.54 %
Q3 2014	14.57 %	9.81 %	6.02 %
Q4 2014	14.07 %	9.60 %	5.89 %
2014	14.07 %	9.60 %	5.89 %
Q1 2015	13.30 %	8.89 %	5.18 %
Q2 2015	12.50 %	8.18 %	4.65 %
Q3 2015	11.96 %	7.43 %	3.80 %
Q4 2015	12.28 %	7.47 %	3.67 %
2015	12.28 %	7.47 %	3.67 %
Q1 2016	12.81 %	7.81 %	3.80 %
Q2 2016	14.90 %	9.35 %	5.05 %
Q3 2016	15.13 %	9.52 %	5.12 %
Q4 2016	15.17 %	9.26 %	4.93 %
2016	15.17 %	9.26 %	4.93 %
Q1 2017	14.95 %	9.12 %	4.76 %
Q2 2017	12.92 %	7.55 %	3.02 %
Q3 2017	12.57 %	7.50 %	3.17 %
Q4 2017	12.36 %	7.64 %	3.34 %
2017	12.36 %	7.64 %	3.34 %
Q1 2018	11.94 %	7.16 %	3.02 %
Q2 2018	11.35 %	6.60 %	2.68 %
Q3 2018	10.58 %	5.59 %	1.42 %
Q4 2018	7.96 %	2.70 %	(1.49 %)
2018	7.96 %	2.70 %	(1.49 %)
Q1 2019	8.39 %	3.04 %	(1.39 %)
Q2 2019	9.10 %	3.54 %	(1.28 %)
Q3 2019	9.54 %	3.97 %	(0.89 %)
Q4 2019	11.15 %	5.57 %	0.60 %
2019	11.15 %	5.57 %	0.60 %
Q1 2020	11.31 %	5.80 %	0.91 %
Q2 2020	11.40 %	6.05 %	1.31 %
Q3 2020	12.58 %	7.09 %	2.23 %
Q4 2020	14.11 %	8.54 %	3.64 %
2020	14.11 %	8.54 %	3.64 %
Q1 2021	13.78 %	8.52 %	4.08 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	15.17 %	10.80 %	7.28 %
2012	13.35 %	9.27 %	6.29 %
2013	16.08 %	11.36 %	7.45 %
2014	14.07 %	9.60 %	5.89 %
2015	12.28 %	7.47 %	3.67 %
2016	15.17 %	9.26 %	4.93 %
2017	12.36 %	7.64 %	3.34 %
2018	7.96 %	2.70 %	(1.49 %)
2019	11.15 %	5.57 %	0.60 %
2020	14.11 %	8.54 %	3.64 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	12.56 %	8.79 %	5.77 %
Q2 2012	12.11 %	8.48 %	6.49 %
Q3 2012	12.96 %	9.42 %	5.52 %
Q4 2012	15.91 %	10.48 %	7.41 %
Q1 2013	14.44 %	10.35 %	7.06 %
Q2 2013	16.98 %	12.73 %	9.04 %
Q3 2013	18.27 %	13.66 %	9.56 %
Q4 2013	14.54 %	8.72 %	4.24 %
Q1 2014	14.63 %	10.18 %	6.85 %
Q2 2014	14.17 %	9.44 %	5.71 %
Q3 2014	15.01 %	10.96 %	7.24 %
Q4 2014	12.42 %	7.82 %	3.69 %
Q1 2015	11.60 %	7.40 %	4.13 %
Q2 2015	11.13 %	6.71 %	3.68 %
Q3 2015	12.81 %	7.85 %	3.68 %
Q4 2015	13.91 %	8.09 %	3.07 %
Q1 2016	13.60 %	8.70 %	4.67 %
Q2 2016	18.77 %	12.32 %	8.28 %
Q3 2016	13.78 %	8.56 %	3.95 %
Q4 2016	14.01 %	6.88 %	2.17 %
Q1 2017	12.52 %	8.10 %	3.93 %
Q2 2017	11.20 %	6.53 %	1.87 %
Q3 2017	12.40 %	8.42 %	4.60 %
Q4 2017	13.12 %	7.45 %	2.89 %
Q1 2018	10.84 %	6.19 %	2.68 %
Q2 2018	8.53 %	4.01 %	0.34 %
Q3 2018	9.04 %	4.07 %	(0.93 %)
Q4 2018	3.67 %	(3.12 %)	(7.80 %)
Q1 2019	11.93 %	6.91 %	2.52 %
Q2 2019	11.35 %	5.91 %	0.58 %
Q3 2019	10.86 %	5.75 %	0.62 %
Q4 2019	10.44 %	3.75 %	(1.32 %)
Q1 2020	12.46 %	7.65 %	3.46 %
Q2 2020	11.75 %	7.01 %	2.34 %
Q3 2020	15.84 %	10.10 %	4.53 %
Q4 2020	16.00 %	9.25 %	4.08 %
Q1 2021	11.88 %	7.83 %	4.83 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2012	60.00	-	-	11.07
Q2 2012	60.00	-	-	10.36
Q3 2012	60.00	-	-	10.12
Q4 2012	60.00	2.19	2.19	10.68
Q1 2013	60.00	2.32	2.32	10.30
Q2 2013	60.00	2.48	2.68	10.73
Q3 2013	60.00	2.78	3.21	11.24
Q4 2013	60.00	2.80	3.04	11.88
Q1 2014	60.00	2.91	3.25	12.68
Q2 2014	60.00	2.96	3.04	12.18
Q3 2014	60.00	2.97	2.80	12.51
Q4 2014	60.00	2.94	2.75	12.66
Q1 2015	60.00	2.62	2.32	12.69
Q2 2015	60.00	2.23	2.00	12.66
Q3 2015	60.00	1.81	1.59	12.79
Q4 2015	60.00	1.47	1.47	12.79
Q1 2016	60.00	1.49	1.49	13.02
Q2 2016	60.00	1.98	1.98	13.65
Q3 2016	60.00	2.00	2.00	13.62
Q4 2016	60.00	1.91	1.91	13.52
Q1 2017	60.00	1.79	1.79	13.64
Q2 2017	60.00	1.05	1.05	13.39
Q3 2017	60.00	1.09	1.09	13.78
Q4 2017	60.00	1.18	1.18	14.03
Q1 2018	60.00	1.06	1.06	13.84
Q2 2018	60.00	0.94	0.94	13.86
Q3 2018	60.00	0.48	0.48	13.80
Q4 2018	60.00	(3.64)	(0.49)	10.11
Q1 2019	60.00	(3.62)	(0.47)	10.36
Q2 2019	60.00	(3.60)	(0.45)	10.42
Q3 2019	60.00	(3.48)	(0.32)	10.48
Q4 2019	60.00	0.44	0.23	10.44
Q1 2020	60.00	0.45	0.35	10.68
Q2 2020	60.00	0.65	0.50	10.94
Q3 2020	60.00	1.09	0.86	11.43
Q4 2020	60.00	1.50	1.47	11.54
Q1 2021	60.00	1.94	1.80	11.64

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	60.00	2.25	2.25	10.58
2012	60.00	2.19	2.19	10.68
2013	60.00	2.80	3.04	11.88
2014	60.00	2.94	2.75	12.66
2015	60.00	1.47	1.47	12.79
2016	60.00	1.91	1.91	13.52
2017	60.00	1.18	1.18	14.03
2018	60.00	(3.64)	(0.49)	10.11
2019	60.00	0.44	0.23	10.44
2020	60.00	1.50	1.47	11.54

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	18.88	17.40	4.45
Q1 2014	16.90	15.13	3.88
Q2 2014	21.00	20.46	5.10
Q3 2014	22.05	23.40	5.23
Q4 2014	13.46	14.41	3.13
Q1 2015	15.62	17.62	3.22
Q2 2015	18.03	20.15	3.18
Q3 2015	15.58	17.70	2.20
Q4 2015	15.89	15.89	1.83
Q1 2016	11.49	11.49	1.31
Q2 2016	11.78	11.78	1.71
Q3 2016	8.58	8.58	1.26
Q4 2016	11.87	11.87	1.67
Q1 2017	10.81	10.81	1.42
Q2 2017	16.67	16.67	1.31
Q3 2017	15.70	15.70	1.24
Q4 2017	14.80	14.80	1.25
Q1 2018	16.31	16.31	1.25
Q2 2018	18.30	18.30	1.23
Q3 2018	29.58	29.58	1.03
Q4 2018	NEG	NEG	1.31
Q1 2019	NEG	NEG	1.36
Q2 2019	NEG	NEG	1.31
Q3 2019	NEG	NEG	1.41
Q4 2019	36.18	More than 50	1.54
Q1 2020	24.86	32.12	1.04
Q2 2020	19.94	26.15	1.19
Q3 2020	17.23	21.92	1.65
Q4 2020	16.53	16.88	2.15
Q1 2021	16.74	18.13	2.80

Period	P/E	Adjusted P/E	Price/book
2011	-	-	-
2012	-	-	-
2013	18.88	17.40	4.45
2014	13.46	14.41	3.13
2015	15.89	15.89	1.83
2016	11.87	11.87	1.67
2017	14.80	14.80	1.25
2018	NEG	NEG	1.31
2019	36.18	More than 50	1.54
2020	16.53	16.88	2.15

Business Segments (Million)

Compared With The

Period	Steel and Wood	Electrical products	Plastic	concrete	Iron Industry	Wood	Others..
Q1 2013	-	144.29	-	49.35	246.91	131.28	-
Q2 2013	-	162.80	-	48.42	265.70	142.67	-
Q3 2013	-	198.54	-	42.88	228.37	146.49	-
Q4 2013	-	158.02	-	42.56	282.14	158.05	-
Q1 2014	-	214.90	-	49.87	354.48	154.23	-
Q2 2014	-	213.59	-	48.86	330.29	165.73	-
Q3 2014	-	140.24	-	38.50	243.33	191.69	-
Q4 2014	-	119.18	-	53.22	316.65	165.44	-
Q1 2015	-	90.02	-	57.09	330.33	184.08	-
Q2 2015	-	113.47	-	51.96	301.33	179.29	-
Q3 2015	-	119.82	-	46.97	215.28	164.41	-
Q4 2015	-	146.98	-	51.18	200.32	151.46	-
Q1 2016	398.15	161.52	-	51.52	-	-	-
Q2 2016	406.92	184.17	-	51.57	-	-	-
Q3 2016	325.99	165.20	-	43.83	-	-	-
Q4 2016	365.21	116.84	-	47.70	-	-	-
Q1 2017	390.68	110.76	-	48.56	-	-	-
Q2 2017	337.01	94.47	-	44.18	-	-	-
Q3 2017	400.03	63.71	-	43.20	-	-	-
Q4 2017	455.36	91.42	-	49.38	-	-	-
Q1 2018	408.92	75.86	-	37.58	-	-	-
Q2 2018	366.07	67.85	-	31.85	-	-	-
Q3 2018	344.77	59.99	-	39.06	-	-	-
Q4 2018	417.37	58.45	-	45.70	-	-	-
Q1 2019	404.71	66.12	75.71	50.27	-	-	-
Q2 2019	323.14	68.05	82.88	45.10	-	-	-
Q3 2019	332.42	67.62	75.16	50.39	-	-	-
Q4 2019	403.10	59.25	76.31	55.01	-	-	-
Q1 2020	450.93	72.47	73.18	47.57	-	-	-
Q2 2020	350.47	78.94	56.95	34.55	-	-	-
Q3 2020	343.45	94.27	63.06	48.00	-	-	-
Q4 2020	495.11	96.22	69.70	48.43	-	-	-
Q1 2021	601.67	136.63	81.02	42.80	-	-	-

Period	Steel and Wood	Electrical products	Plastic	concrete	Iron Industry	Wood	Others..
2011	-	354.03	-	108.76	849.13	544.72	-
2012	-	439.22	-	153.03	899.93	593.44	-
2013	-	663.65	-	183.19	1,023.13	578.49	-
2014	-	687.90	-	190.46	1,244.75	677.10	-
2015	-	470.28	-	207.20	1,047.26	679.24	-
2016	1,496.26	627.73	-	194.63	-	-	-
2017	1,583.08	360.35	-	185.32	-	-	-
2018	1,537.12	262.14	-	154.20	-	-	-
2019	1,463.37	261.03	310.06	200.77	-	-	-
2020	1,639.94	341.90	262.88	178.56	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	2,709.00
Enterprise Value (EV) (M)	3,106.54
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	2.18
Book Value (BV) ( Riyal)	14.97
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	22.04
P/E (TTM)	20.73
Price/book	3.02
Return on Average Assets (%) (TTM)	5.7
Return on Average Equity (%) (TTM)	14.9

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Bawan’s net profit soars to SAR 41.7 mln in Q1 2021

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Share Price

Bawan Co. (BAWAN)

Current Quarter Comparison (M)

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Financial results (Million)

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Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

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Bawan’s net profit soars to SAR 41.7 mln in Q1 2021

View other reports

Share Price

Bawan Co. (BAWAN)

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 2021

Revenue by Business Segment (Latest) 2021 Q1

Financial Ratios

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Business Segments (Million)