Zoujaj posts SAR 18.6 mln (+26%) net profit in Q1-2015

13/04/2015 Argaam Exclusive

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Share Price

The National Company for Glass Industries (ZOUJAJ)

 

The National Company for Glass (Zoujaj), a manufacturer of glass bottles and float glass, reported a net profit of SAR 18.6 million for first quarter, 26% higher compared to the same period in 2014.

 

First quarter's increase was mainly attributed to its affiliate's improved float glass business, compared to the same period last year and the previous quarter.

Compared with the previous quarter, Q1 also recorded lower Zakat provisions, the company added.



Current Quarter Comparison (M)

Compared With The
Item Q1 2014 Q1 2015 Change‬
Revenues 29.88 27.81 (6.9 %)
Gross Income 10.63 10.68 0.5 %
Operating Income 7.69 7.62 (1.0 %)
Net Income 14.83 18.64 25.7 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.49 0.62 25.7 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2006 21.42 10.0 % 9.76 41.4 % 48.73 230.6 % 1.62
Q2 2006 20.15 (14.9 %) 7.35 (16.3 %) 16.13 (59.7 %) 0.54
Q3 2006 10.63 (53.8 %) 1.01 (87.7 %) 8.88 (62.0 %) 0.30
Q4 2006 24.66 14.4 % 9.42 30.4 % (25.43) (149.2 %) (0.85)
Q1 2007 25.39 18.5 % 10.26 5.2 % 21.04 (56.8 %) 0.70
Q2 2007 27.76 37.8 % 10.12 37.6 % 19.28 19.6 % 0.64
Q3 2007 27.74 160.9 % 10.64 954.1 % 21.17 138.4 % 0.71
Q4 2007 25.39 2.9 % 10.50 11.5 % 18.89 174.3 % 0.63
Q1 2008 26.65 5.0 % 12.11 18.0 % 25.34 20.4 % 0.84
Q2 2008 27.80 0.1 % 10.24 1.2 % 19.77 2.5 % 0.66
Q3 2008 28.17 1.6 % 10.83 1.8 % 22.07 4.2 % 0.74
Q4 2008 25.89 2.0 % 9.40 (10.5 %) 0.52 (97.2 %) 0.02
Q1 2009 36.12 35.5 % 19.03 57.1 % 20.61 (18.7 %) 0.69
Q2 2009 31.76 14.2 % 15.76 53.9 % 10.35 (47.6 %) 0.35
Q3 2009 26.74 (5.1 %) 13.68 26.4 % 9.95 (54.9 %) 0.33
Q4 2009 27.70 7.0 % 12.65 34.5 % 4.60 780.3 % 0.15
Q1 2010 30.22 (16.3 %) 13.88 (27.0 %) 17.43 (15.4 %) 0.58
Q2 2010 28.29 (10.9 %) 12.22 (22.4 %) 18.96 83.2 % 0.63
Q3 2010 24.67 (7.7 %) 10.72 (21.7 %) 20.20 102.9 % 0.67
Q4 2010 27.62 (0.3 %) 13.15 3.9 % 14.46 214.1 % 0.48
Q1 2011 31.66 4.7 % 13.19 (5.0 %) 24.96 43.2 % 0.83
Q2 2011 32.76 15.8 % 12.16 (0.5 %) 29.70 56.7 % 0.99
Q3 2011 27.17 10.1 % 9.45 (11.9 %) 21.15 4.7 % 0.70
Q4 2011 26.39 (4.5 %) 8.84 (32.8 %) 5.32 (63.3 %) 0.18
Q1 2012 25.58 (19.2 %) 9.82 (25.5 %) 17.71 (29.1 %) 0.59
Q2 2012 30.06 (8.2 %) 12.14 (0.1 %) 15.86 (46.6 %) 0.53
Q3 2012 26.47 (2.6 %) 9.84 4.1 % 11.67 (44.8 %) 0.39
Q4 2012 30.65 16.1 % 10.04 13.6 % (1.58) (129.7 %) (0.05)
Q1 2013 24.21 (5.4 %) 8.59 (12.6 %) 8.62 (51.3 %) 0.29
Q2 2013 28.96 (3.7 %) 11.56 (4.8 %) 13.08 (17.5 %) 0.44
Q3 2013 24.22 (8.5 %) 8.47 (13.9 %) 13.40 14.8 % 0.45
Q4 2013 24.64 (19.6 %) 8.57 (14.6 %) 9.82 722.4 % 0.33
Q1 2014 29.88 23.4 % 10.63 23.8 % 14.83 72.0 % 0.49
Q2 2014 21.24 (26.7 %) 6.39 (44.8 %) 14.09 7.7 % 0.47
Q3 2014 23.66 (2.3 %) 9.30 9.8 % 16.86 25.8 % 0.56
Q4 2014 25.25 2.5 % 10.41 21.4 % 15.74 60.2 % 0.52
Q1 2015 27.81 (6.9 %) 10.68 0.5 % 18.64 25.7 % 0.62

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 37.87 % 42.23 % 182.64 %
Q2 2006 37.76 % 40.84 % 162.32 %
Q3 2006 34.35 % 38.66 % 169.96 %
Q4 2006 35.82 % 40.80 % 62.85 %
Q1 2007 34.69 % 40.98 % 25.51 %
Q2 2007 34.83 % 42.21 % 26.89 %
Q3 2007 38.31 % 44.18 % 34.17 %
Q4 2007 39.06 % 43.62 % 75.64 %
Q1 2008 40.32 % 43.64 % 78.74 %
Q2 2008 40.42 % 42.88 % 79.16 %
Q3 2008 40.44 % 42.01 % 79.68 %
Q4 2008 39.24 % 40.58 % 62.38 %
Q1 2009 41.95 % 43.47 % 53.37 %
Q2 2009 45.11 % 47.00 % 43.91 %
Q3 2009 48.02 % 50.27 % 34.38 %
Q4 2009 49.96 % 53.12 % 37.21 %
Q1 2010 48.08 % 51.21 % 36.37 %
Q2 2010 46.43 % 49.59 % 45.10 %
Q3 2010 44.62 % 47.25 % 55.19 %
Q4 2010 45.10 % 47.36 % 64.12 %
Q1 2011 43.90 % 45.40 % 70.02 %
Q2 2011 42.16 % 43.31 % 76.54 %
Q3 2011 40.21 % 41.73 % 75.73 %
Q4 2011 36.98 % 38.01 % 68.76 %
Q1 2012 35.98 % 37.57 % 66.02 %
Q2 2012 36.86 % 38.30 % 54.97 %
Q3 2012 37.46 % 38.40 % 46.60 %
Q4 2012 37.10 % 37.23 % 38.72 %
Q1 2013 36.45 % 36.00 % 31.04 %
Q2 2013 36.29 % 35.14 % 28.84 %
Q3 2013 35.78 % 34.67 % 31.03 %
Q4 2013 36.46 % 35.04 % 44.04 %
Q1 2014 36.43 % 35.32 % 47.48 %
Q2 2014 34.07 % 32.67 % 52.15 %
Q3 2014 35.10 % 32.17 % 55.92 %
Q4 2014 36.72 % 32.85 % 61.49 %
Q1 2015 37.55 % 31.98 % 66.68 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2006 30.00 5.46 5.46 14.53
Q2 2006 30.00 4.66 4.66 13.42
Q3 2006 30.00 4.18 4.18 12.81
Q4 2006 30.00 1.61 1.61 12.23
Q1 2007 30.00 0.69 0.69 12.45
Q2 2007 30.00 0.79 0.79 12.06
Q3 2007 30.00 1.20 1.20 13.27
Q4 2007 30.00 2.68 2.68 14.76
Q1 2008 30.00 2.82 2.82 14.69
Q2 2008 30.00 2.84 2.84 14.14
Q3 2008 30.00 2.87 2.87 14.52
Q4 2008 30.00 2.26 2.26 14.27
Q1 2009 30.00 2.10 2.10 14.87
Q2 2009 30.00 1.79 1.79 14.36
Q3 2009 30.00 1.38 1.38 14.80
Q4 2009 30.00 1.52 1.52 15.15
Q1 2010 30.00 1.41 1.41 15.94
Q2 2010 30.00 1.70 1.70 15.78
Q3 2010 30.00 2.04 2.04 16.58
Q4 2010 30.00 2.37 2.37 17.50
Q1 2011 30.00 2.62 2.62 18.66
Q2 2011 30.00 2.98 2.98 18.06
Q3 2011 30.00 3.01 3.01 18.60
Q4 2011 30.00 2.70 2.70 19.12
Q1 2012 30.00 2.46 2.46 20.12
Q2 2012 30.00 2.00 2.00 18.25
Q3 2012 30.00 1.69 1.69 18.51
Q4 2012 30.00 1.46 1.46 18.81
Q1 2013 30.00 1.15 1.15 19.08
Q2 2013 30.00 1.06 1.06 18.35
Q3 2013 30.00 1.12 1.12 19.03
Q4 2013 30.00 1.50 1.50 19.69
Q1 2014 30.00 1.70 1.70 20.41
Q2 2014 30.00 1.74 1.74 19.49
Q3 2014 30.00 1.85 1.85 20.04
Q4 2014 30.00 2.05 2.05 20.56
Q1 2015 30.00 2.18 2.18 21.18

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 14.70 14.70 5.53
Q2 2006 23.52 23.52 8.17
Q3 2006 21.83 21.83 7.12
Q4 2006 25.08 25.08 3.30
Q1 2007 More than 50 More than 50 3.17
Q2 2007 43.24 43.24 2.84
Q3 2007 37.63 37.63 3.41
Q4 2007 22.00 22.00 3.99
Q1 2008 19.02 19.02 3.65
Q2 2008 23.66 23.66 4.75
Q3 2008 17.12 17.12 3.38
Q4 2008 11.75 11.75 1.86
Q1 2009 12.32 12.32 1.74
Q2 2009 17.00 17.00 2.11
Q3 2009 21.77 21.77 2.03
Q4 2009 18.37 18.37 1.84
Q1 2010 20.40 20.40 1.81
Q2 2010 14.53 14.53 1.56
Q3 2010 13.44 13.44 1.65
Q4 2010 12.87 12.87 1.74
Q1 2011 12.48 12.48 1.75
Q2 2011 12.41 12.41 2.05
Q3 2011 12.83 12.83 2.08
Q4 2011 14.48 14.48 2.05
Q1 2012 18.13 18.13 2.22
Q2 2012 15.35 15.35 1.68
Q3 2012 18.42 18.42 1.68
Q4 2012 19.29 19.29 1.49
Q1 2013 24.93 24.93 1.51
Q2 2013 25.66 25.66 1.48
Q3 2013 30.42 30.42 1.79
Q4 2013 21.97 21.97 1.67
Q1 2014 20.33 20.33 1.70
Q2 2014 23.97 23.97 2.14
Q3 2014 27.13 27.13 2.51
Q4 2014 17.51 17.51 1.75
Q1 2015 19.66 19.66 2.02

Current
Market Cap (M Riyal) 1,406.48
Enterprise Value (EV) (M) 1,371.12
Shares Outstanding ((M)) 32.90
EPS ( Riyal) (TTM) 1.89
Book Value (BV) ( Riyal) 22.13
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.60
P/E (TTM) 22.60
Price/book 1.93
Return on Average Assets (%) (TTM) 7.7
Return on Average Equity (%) (TTM) 8.7

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