Tabuk Cement profit falls 25% in 9M 2016

19/10/2016 Argaam Exclusive

View other reports

Share Price

12.84
(0.08) (0.62 %)

Tabuk Cement Co. (TCC)

 

Tabuk Cement Co.’s net income fell 25 percent year-on-year to SAR 51.3 million in the first nine months of 2016 on lower sales volumes, a drop in selling prices and due to a rise in cost of goods sold (COGS) and fuel prices.



Financials (M)

Item 9m 2015 9m 2016 Change‬
Revenues 207.24 195.23 (5.8 %)
Gross Income 86.09 67.63 (21.4 %)
Operating Income 69.45 53.42 (23.1 %)
Net Income 68.77 50.23 (27.0 %)
Average Shares 90.00 90.00 -
EPS (Riyals) 0.76 0.56 (27.0 %)

Third quarter net profit fell 14 percent to SAR 7.9 million compared with the same quarter last year. Profit for the period tumbled 63 percent from SAR 21.2 million in the previous quarter. 



Current Quarter Comparison (M)

Compared With The
Item Q3 2015 Q3 2016 Change‬
Revenues 47.32 49.66 4.9 %
Gross Income 14.25 13.20 (7.4 %)
Operating Income 8.76 8.88 1.4 %
Net Income 9.23 7.85 (15.0 %)
Average Shares 90.00 90.00 -
EPS (Riyals) 0.10 0.09 (15.0 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2007 91.48 (4.0 %) 59.00 1.8 % 57.24 1.4 % 0.64
Q2 2007 91.78 (14.9 %) 59.62 (9.9 %) 62.86 (1.1 %) 0.70
Q3 2007 81.82 (20.7 %) 54.13 (14.1 %) 54.62 (8.9 %) 0.61
Q4 2007 76.07 3.2 % 45.42 16.2 % 45.67 21.7 % 0.51
Q1 2008 90.08 (1.5 %) 50.19 (14.9 %) 50.58 (11.6 %) 0.56
Q2 2008 105.52 15.0 % 65.27 9.5 % 68.79 9.4 % 0.76
Q3 2008 48.10 (41.2 %) 24.75 (54.3 %) 22.91 (58.1 %) 0.25
Q4 2008 47.18 (38.0 %) 14.59 (67.9 %) 8.87 (80.6 %) 0.10
Q1 2009 70.95 (21.2 %) 35.48 (29.3 %) 33.51 (33.7 %) 0.37
Q2 2009 76.53 (27.5 %) 37.41 (42.7 %) 37.83 (45.0 %) 0.42
Q3 2009 56.47 17.4 % 28.90 16.8 % 24.24 5.8 % 0.27
Q4 2009 62.98 33.5 % 32.94 125.7 % 25.55 188.1 % 0.28
Q1 2010 77.11 8.7 % 38.17 7.6 % 34.02 1.5 % 0.38
Q2 2010 77.06 0.7 % 41.61 11.2 % 41.71 10.3 % 0.46
Q3 2010 59.71 5.7 % 27.84 (3.7 %) 23.79 (1.8 %) 0.26
Q4 2010 60.73 (3.6 %) 27.81 (15.6 %) 21.42 (16.1 %) 0.24
Q1 2011 87.33 13.3 % 47.21 23.7 % 41.22 21.2 % 0.46
Q2 2011 99.39 29.0 % 45.00 8.1 % 42.92 2.9 % 0.48
Q3 2011 72.88 22.1 % 29.90 7.4 % 24.72 3.9 % 0.27
Q4 2011 90.14 48.4 % 34.92 25.6 % 28.05 30.9 % 0.31
Q1 2012 100.83 15.5 % 56.83 20.4 % 49.21 19.4 % 0.55
Q2 2012 106.17 6.8 % 61.60 36.9 % 56.71 32.1 % 0.63
Q3 2012 77.87 6.8 % 42.30 41.5 % 32.76 32.5 % 0.36
Q4 2012 106.91 18.6 % 57.22 63.9 % 50.27 79.2 % 0.56
Q1 2013 107.61 6.7 % 62.22 9.5 % 56.06 13.9 % 0.62
Q2 2013 93.21 (12.2 %) 52.16 (15.3 %) 50.90 (10.3 %) 0.57
Q3 2013 68.93 (11.5 %) 34.10 (19.4 %) 28.35 (13.5 %) 0.32
Q4 2013 85.84 (19.7 %) 44.62 (22.0 %) 38.14 (24.1 %) 0.42
Q1 2014 96.64 (10.2 %) 50.00 (19.6 %) 44.00 (21.5 %) 0.49
Q2 2014 91.35 (2.0 %) 49.08 (5.9 %) 43.11 (15.3 %) 0.48
Q3 2014 56.77 (17.6 %) 27.37 (19.7 %) 21.62 (23.7 %) 0.24
Q4 2014 77.53 (9.7 %) 33.90 (24.0 %) 28.85 (24.4 %) 0.32
Q1 2015 84.01 (13.1 %) 38.14 (23.7 %) 32.63 (25.8 %) 0.36
Q2 2015 75.92 (16.9 %) 33.70 (31.3 %) 26.91 (37.6 %) 0.30
Q3 2015 47.32 (16.6 %) 14.25 (47.9 %) 9.23 (57.3 %) 0.10
Q4 2015 65.17 (15.9 %) 27.87 (17.8 %) 22.64 (21.5 %) 0.25
Q1 2016 75.49 (10.1 %) 26.65 (30.1 %) 21.31 (34.7 %) 0.24
Q2 2016 70.09 (7.7 %) 27.78 (17.6 %) 21.08 (21.7 %) 0.23
Q3 2016 49.66 4.9 % 13.20 (7.4 %) 7.85 (15.0 %) 0.09

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 60.41 % 73.60 % 58.03 %
Q2 2007 61.29 % 74.88 % 60.42 %
Q3 2007 62.53 % 76.51 % 62.65 %
Q4 2007 63.95 % 77.16 % 64.60 %
Q1 2008 61.62 % 74.49 % 62.91 %
Q2 2008 60.82 % 72.96 % 62.14 %
Q3 2008 58.05 % 71.12 % 58.77 %
Q4 2008 53.22 % 67.20 % 51.96 %
Q1 2009 51.55 % 66.52 % 49.34 %
Q2 2009 46.23 % 62.53 % 42.48 %
Q3 2009 46.34 % 61.76 % 41.59 %
Q4 2009 50.47 % 65.42 % 45.38 %
Q1 2010 50.32 % 64.98 % 44.54 %
Q2 2010 51.76 % 67.52 % 45.87 %
Q3 2010 50.77 % 67.54 % 45.17 %
Q4 2010 49.31 % 65.03 % 44.04 %
Q1 2011 50.72 % 65.98 % 44.99 %
Q2 2011 48.14 % 64.66 % 42.11 %
Q3 2011 46.80 % 62.81 % 40.67 %
Q4 2011 44.90 % 59.96 % 39.14 %
Q1 2012 45.88 % 59.65 % 39.89 %
Q2 2012 49.53 % 61.15 % 42.89 %
Q3 2012 52.17 % 63.13 % 44.46 %
Q4 2012 55.63 % 66.33 % 48.23 %
Q1 2013 56.04 % 66.64 % 49.13 %
Q2 2013 55.47 % 65.38 % 49.27 %
Q3 2013 54.61 % 64.01 % 49.27 %
Q4 2013 54.31 % 64.81 % 48.78 %
Q1 2014 52.49 % 63.25 % 46.98 %
Q2 2014 51.88 % 63.38 % 44.96 %
Q3 2014 51.75 % 63.63 % 44.58 %
Q4 2014 49.75 % 62.13 % 42.84 %
Q1 2015 47.95 % 61.48 % 40.76 %
Q2 2015 45.24 % 57.37 % 37.39 %
Q3 2015 42.13 % 57.32 % 34.28 %
Q4 2015 41.83 % 57.20 % 33.55 %
Q1 2016 38.83 % 55.93 % 30.35 %
Q2 2016 37.41 % 57.93 % 28.77 %
Q3 2016 36.67 % 56.67 % 27.98 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2007 90.00 2.43 2.43 12.16
Q2 2007 90.00 2.42 2.42 12.86
Q3 2007 90.00 2.36 2.36 13.47
Q4 2007 90.00 2.45 2.45 11.45
Q1 2008 90.00 2.37 2.37 12.01
Q2 2008 90.00 2.44 2.44 12.77
Q3 2008 90.00 2.09 2.09 11.52
Q4 2008 90.00 1.68 1.68 11.61
Q1 2009 90.00 1.49 1.49 11.98
Q2 2009 90.00 1.15 1.15 12.40
Q3 2009 90.00 1.16 1.16 11.92
Q4 2009 90.00 1.35 1.35 11.69
Q1 2010 90.00 1.35 1.35 12.06
Q2 2010 90.00 1.39 1.39 12.53
Q3 2010 90.00 1.39 1.39 11.89
Q4 2010 90.00 1.34 1.34 12.11
Q1 2011 90.00 1.42 1.42 12.12
Q2 2011 90.00 1.44 1.44 11.70
Q3 2011 90.00 1.45 1.45 11.97
Q4 2011 90.00 1.52 1.52 11.77
Q1 2012 90.00 1.61 1.61 12.32
Q2 2012 90.00 1.76 1.76 12.95
Q3 2012 90.00 1.85 1.85 12.41
Q4 2012 90.00 2.10 2.10 12.95
Q1 2013 90.00 2.18 2.18 13.58
Q2 2013 90.00 2.11 2.11 13.44
Q3 2013 90.00 2.06 2.06 12.76
Q4 2013 90.00 1.93 1.93 13.16
Q1 2014 90.00 1.79 1.80 13.65
Q2 2014 90.00 1.71 1.71 13.33
Q3 2014 90.00 1.63 1.64 12.57
Q4 2014 90.00 1.53 1.53 12.88
Q1 2015 90.00 1.40 1.40 13.24
Q2 2015 90.00 1.22 1.22 13.04
Q3 2015 90.00 1.08 1.08 13.14
Q4 2015 90.00 1.02 1.02 13.36
Q1 2016 90.00 0.89 0.89 13.56
Q2 2016 90.00 0.82 0.82 12.89
Q3 2016 90.00 0.81 0.81 12.98

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2007 14.53 14.53 2.90
Q2 2007 12.61 12.61 2.37
Q3 2007 13.25 13.25 2.32
Q4 2007 17.15 17.15 3.67
Q1 2008 16.11 16.11 3.18
Q2 2008 14.65 14.65 2.80
Q3 2008 15.42 15.42 2.79
Q4 2008 11.82 11.82 1.71
Q1 2009 12.85 12.85 1.60
Q2 2009 18.72 18.72 1.73
Q3 2009 17.79 17.79 1.73
Q4 2009 14.38 14.38 1.66
Q1 2010 14.24 14.24 1.60
Q2 2010 13.27 13.27 1.48
Q3 2010 13.02 13.02 1.52
Q4 2010 13.84 13.84 1.54
Q1 2011 13.06 13.06 1.53
Q2 2011 16.84 16.84 2.07
Q3 2011 15.37 15.37 1.86
Q4 2011 14.82 14.82 1.92
Q1 2012 16.58 16.58 2.17
Q2 2012 13.30 13.30 1.81
Q3 2012 12.95 12.95 1.93
Q4 2012 11.55 11.55 1.87
Q1 2013 11.63 11.63 1.86
Q2 2013 13.74 13.74 2.16
Q3 2013 14.40 14.40 2.33
Q4 2013 14.68 14.68 2.15
Q1 2014 16.67 16.62 2.19
Q2 2014 17.58 17.52 2.25
Q3 2014 19.43 19.36 2.52
Q4 2014 16.22 16.16 1.93
Q1 2015 16.76 16.76 1.77
Q2 2015 20.47 20.47 1.92
Q3 2015 19.08 19.08 1.58
Q4 2015 14.26 14.26 1.08
Q1 2016 16.95 16.95 1.11
Q2 2016 16.79 16.79 1.07
Q3 2016 13.54 13.54 0.84

Analysts Estimates (Million)

Item Q3 2016 (e) Q3 2016 (a) Change‬
Average 15.17 7.85 (48.3 %)

Estimates vs Actual (Million)

Item Q3 2016 (e) Q3 2016 (a) Change
KASB Capital 13.60 7.85 (42.3) %
SFC 15.00 7.85 (47.7) %
AlJazira Capital 16.90 7.85 (53.6) %

Current
Market Cap (M Riyal) 1,155.60
Enterprise Value (EV) (M) 1,273.77
Shares Outstanding ((M)) 90.00
EPS ( Riyal) (TTM) 0.22
Book Value (BV) ( Riyal) 14.40
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 0.89
Return on Average Assets (%) (TTM) 1.2
Return on Average Equity (%) (TTM) 1.5

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.