Nama Chemicals narrows Q1 loss to SAR 24 mln

20/04/2016 Argaam Exclusive

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Share Price

29.50
0.20 0.68 %

Nama Chemicals Co. (NAMA CHEMICALS)

 

Nama Chemicals cut net loss by 24 percent year-on-year (YoY) to SAR 23.7 million for the first quarter of 2016, on lower feedstock prices along with an increase in other income and foreign exchange gains. 

 

The company's Q1 net loss were also 6.5 percent lower compared to the previous quarter thanks to lower feedstock prices and higher other income.



Current Quarter Comparison (M)

Compared With The
Item Q1 2015 Q1 2016 Change‬
Revenues 127.00 112.90 (11.1 %)
Gross Income (6.45) (1.84) 71.5 %
Operating Income (21.86) (18.88) 13.6 %
Net Income (31.15) (21.94) 29.6 %
Average Shares 23.52 23.52 -
EPS (Riyals) (1.32) (0.93) 29.6 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2007 119.06 21.3 % 20.30 16.6 % 8.81 182.6 % 0.52
Q2 2007 125.24 25.8 % 19.18 15.9 % 8.57 107.9 % 0.51
Q3 2007 116.11 40.7 % 13.12 4.1 % 5.89 48.9 % 0.35
Q4 2007 152.72 32.7 % 25.19 11.9 % 12.94 20.1 % 0.76
Q1 2008 164.75 38.4 % 23.61 16.3 % 12.32 39.8 % 0.73
Q2 2008 170.88 36.4 % 20.30 5.8 % 5.24 (38.9 %) 0.31
Q3 2008 174.38 50.2 % 26.15 99.4 % 6.10 3.6 % 0.26
Q4 2008 111.78 (26.8 %) (1.06) (104.2 %) (91.15) (804.5 %) (3.88)
Q1 2009 101.89 (38.2 %) (19.04) (180.6 %) (32.41) (363.1 %) (1.38)
Q2 2009 98.09 (42.6 %) 4.43 (78.2 %) (3.36) (164.2 %) (0.14)
Q3 2009 100.21 (42.5 %) 17.21 (34.2 %) 7.36 20.8 % 0.31
Q4 2009 97.47 (12.8 %) 9.09 957.8 % (21.39) 76.5 % (0.91)
Q1 2010 129.98 27.6 % 15.26 180.2 % 2.11 106.5 % 0.09
Q2 2010 162.16 65.3 % 35.84 709.5 % 10.56 414.1 % 0.45
Q3 2010 154.59 54.3 % 30.75 78.7 % 12.79 73.7 % 0.54
Q4 2010 181.52 86.2 % 30.28 233.0 % 9.02 142.2 % 0.38
Q1 2011 204.94 57.7 % 10.81 (29.2 %) (4.35) (306.7 %) (0.19)
Q2 2011 216.55 33.5 % 47.05 31.3 % 16.84 59.5 % 0.72
Q3 2011 162.99 5.4 % 3.16 (89.7 %) (29.27) (328.9 %) (1.24)
Q4 2011 143.06 (21.2 %) (33.47) (210.5 %) (229.75) (2647.4 %) (9.77)
Q1 2012 205.40 0.2 % 24.94 130.8 % (4.45) (2.3 %) (0.19)
Q2 2012 182.18 (15.9 %) 17.93 (61.9 %) (9.18) (154.5 %) (0.39)
Q3 2012 146.77 (10.0 %) 8.45 167.0 % (13.20) 54.9 % (0.56)
Q4 2012 183.05 28.0 % 34.39 202.7 % 3.59 101.6 % 0.15
Q1 2013 205.59 0.1 % 8.10 (67.5 %) (25.42) (470.9 %) (1.08)
Q2 2013 178.72 (1.9 %) 32.42 80.8 % 9.54 203.9 % 0.41
Q3 2013 180.35 22.9 % 8.15 (3.5 %) (12.02) 8.9 % (0.51)
Q4 2013 179.42 (2.0 %) 12.94 (62.4 %) (16.32) (554.1 %) (0.69)
Q1 2014 178.54 (13.2 %) 4.21 (48.1 %) (14.87) 41.5 % (0.63)
Q2 2014 153.32 (14.2 %) (4.42) (113.6 %) (28.37) (397.2 %) (1.21)
Q3 2014 164.65 (8.7 %) (1.40) (117.2 %) (23.36) (94.3 %) (0.99)
Q4 2014 178.88 (0.3 %) (14.98) (215.8 %) (45.89) (181.2 %) (1.95)
Q1 2015 127.00 (28.9 %) (6.45) (253.4 %) (31.15) (109.5 %) (1.32)
Q2 2015 114.62 (25.2 %) 9.06 305.0 % 6.45 122.7 % 0.27
Q3 2015 110.47 (32.9 %) (11.99) (753.8 %) (23.97) (2.6 %) (1.02)
Q4 2015 107.58 (39.9 %) (15.56) (3.9 %) (25.36) 44.7 % (1.08)
Q1 2016 112.90 (11.1 %) (1.84) 71.5 % (21.94) 29.6 % (0.93)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 17.29 % 16.31 % 6.65 %
Q2 2007 16.88 % 16.30 % 7.27 %
Q3 2007 15.80 % 14.89 % 7.16 %
Q4 2007 15.16 % 13.54 % 7.06 %
Q1 2008 14.51 % 12.47 % 7.11 %
Q2 2008 13.60 % 10.92 % 6.02 %
Q3 2008 14.37 % 10.85 % 5.52 %
Q4 2008 11.10 % 7.48 % (10.86 %)
Q1 2009 4.72 % 0.34 % (20.08 %)
Q2 2009 2.16 % (2.66 %) (24.85 %)
Q3 2009 0.37 % (4.19 %) (29.02 %)
Q4 2009 2.94 % (1.22 %) (8.67 %)
Q1 2010 10.80 % 7.59 % 0.01 %
Q2 2010 15.80 % 12.40 % 2.85 %
Q3 2010 16.71 % 12.73 % 3.56 %
Q4 2010 17.85 % 13.34 % 5.49 %
Q1 2011 15.31 % 12.19 % 3.98 %
Q2 2011 15.69 % 15.74 % 4.53 %
Q3 2011 11.92 % 17.23 % (1.01 %)
Q4 2011 3.79 % 17.24 % (12.86 %)
Q1 2012 5.73 % 19.15 % (12.87 %)
Q2 2012 1.81 % 16.43 % (17.26 %)
Q3 2012 2.63 % 18.21 % (15.30 %)
Q4 2012 11.95 % 27.03 % (3.24 %)
Q1 2013 9.60 % 24.75 % (6.16 %)
Q2 2013 11.67 % 27.85 % (3.57 %)
Q3 2013 11.11 % 27.18 % (3.25 %)
Q4 2013 8.28 % 25.66 % (5.94 %)
Q1 2014 8.05 % 26.57 % (4.69 %)
Q2 2014 3.02 % 23.03 % (10.35 %)
Q3 2014 1.67 % 24.22 % (12.27 %)
Q4 2014 (2.46 %) 22.47 % (16.65 %)
Q1 2015 (4.37 %) 24.12 % (20.64 %)
Q2 2015 (2.36 %) 29.07 % (17.93 %)
Q3 2015 (4.59 %) 31.04 % (20.97 %)
Q4 2015 (5.43 %) 37.53 % (21.58 %)
Q1 2016 (4.56 %) 38.93 % (20.20 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2007 16.94 1.63 1.63 47.58
Q2 2007 16.94 1.90 1.90 47.56
Q3 2007 16.94 2.01 2.01 49.50
Q4 2007 16.94 2.14 2.14 54.40
Q1 2008 16.94 2.34 2.34 54.48
Q2 2008 16.94 2.15 2.15 55.15
Q3 2008 23.52 1.56 1.56 70.02
Q4 2008 23.52 (2.87) (2.87) 66.21
Q1 2009 23.52 (4.77) (4.77) 65.18
Q2 2009 23.52 (5.14) (5.14) 66.38
Q3 2009 23.52 (5.08) (5.08) 67.39
Q4 2009 23.52 (2.12) (1.47) 66.55
Q1 2010 23.52 (0.65) 0.00 67.21
Q2 2010 23.52 (0.06) 0.59 67.21
Q3 2010 23.52 0.17 0.82 67.73
Q4 2010 23.52 1.47 1.47 69.30
Q1 2011 23.52 1.19 1.19 68.85
Q2 2011 23.52 1.46 1.46 69.47
Q3 2011 23.52 (0.33) (0.33) 67.80
Q4 2011 23.52 (10.48) (3.98) 58.77
Q1 2012 23.52 (10.49) (3.98) 59.53
Q2 2012 23.52 (11.59) (5.09) 58.25
Q3 2012 23.52 (10.91) (4.41) 57.81
Q4 2012 23.52 (0.99) (0.99) 58.18
Q1 2013 23.52 (1.88) (1.88) 57.67
Q2 2013 23.52 (1.08) (1.08) 58.45
Q3 2013 23.52 (1.03) (1.03) 58.68
Q4 2013 23.52 (1.88) (1.88) 59.06
Q1 2014 23.52 (1.43) (1.43) 58.43
Q2 2014 23.52 (3.04) (3.04) 57.27
Q3 2014 23.52 (3.52) (3.52) 56.76
Q4 2014 23.52 (4.78) (4.78) 52.18
Q1 2015 23.52 (5.47) (5.47) 50.54
Q2 2015 23.52 (3.99) (4.46) 51.46
Q3 2015 23.52 (4.02) (4.73) 49.19
Q4 2015 23.52 (3.15) (4.22) 46.61
Q1 2016 23.52 (2.76) (3.83) 44.08

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2007 More than 50 More than 50 3.34
Q2 2007 More than 50 More than 50 2.50
Q3 2007 More than 50 More than 50 3.14
Q4 2007 More than 50 More than 50 3.72
Q1 2008 More than 50 More than 50 2.91
Q2 2008 More than 50 More than 50 3.50
Q3 2008 More than 50 More than 50 1.13
Q4 2008 NEG NEG 0.71
Q1 2009 NEG NEG 0.68
Q2 2009 NEG NEG 0.95
Q3 2009 NEG NEG 0.91
Q4 2009 NEG NEG 0.89
Q1 2010 NEG More than 50 0.85
Q2 2010 NEG More than 50 0.77
Q3 2010 More than 50 More than 50 0.79
Q4 2010 41.58 41.58 0.88
Q1 2011 49.78 49.78 0.86
Q2 2011 41.41 41.41 0.87
Q3 2011 NEG NEG 0.75
Q4 2011 NEG NEG 0.93
Q1 2012 NEG NEG 1.54
Q2 2012 NEG NEG 1.33
Q3 2012 NEG NEG 1.38
Q4 2012 NEG NEG 1.21
Q1 2013 NEG NEG 1.25
Q2 2013 NEG NEG 1.13
Q3 2013 NEG NEG 1.13
Q4 2013 NEG NEG 1.30
Q1 2014 NEG NEG 1.46
Q2 2014 NEG NEG 1.49
Q3 2014 NEG NEG 1.60
Q4 2014 NEG NEG 1.12
Q1 2015 NEG NEG 1.19
Q2 2015 NEG NEG 1.15
Q3 2015 NEG NEG 0.93
Q4 2015 NEG NEG 0.84
Q1 2016 NEG NEG 0.72

Business Segments (Million)

Compared With The
Period Epoxy Resins Products Chlor Alkali Products Others.. Consolidation adjustments & eliminations
Q1 2012 188.84 49.91 - (33.34)
Q2 2012 165.63 44.97 - (28.42)
Q3 2012 121.57 48.99 - (23.80)
Q4 2012 166.10 58.38 - (41.42)
Q1 2013 199.44 52.87 - (46.72)
Q2 2013 182.91 58.21 - (62.40)
Q3 2013 185.91 57.23 - (62.79)
Q4 2013 170.80 52.01 - (43.38)
Q1 2014 156.88 54.53 - (32.87)
Q2 2014 136.64 50.15 - (33.48)
Q3 2014 141.44 49.33 - (26.12)
Q4 2014 159.55 53.99 - (34.65)
Q1 2015 98.10 37.91 - (9.01)
Q2 2015 96.67 40.66 - (22.71)
Q3 2015 82.51 41.67 - (13.71)
Q4 2015 65.48 43.09 - (0.99)
Q1 2016 70.08 41.97 5.18 (4.33)

Current
Market Cap (M Riyal) 693.84
Enterprise Value (EV) (M) 1,187.87
Shares Outstanding ((M)) 23.52
EPS ( Riyal) (TTM) (6.94)
Book Value (BV) ( Riyal) 8.69
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.40
Return on Average Assets (%) (TTM) (15.41 )
Return on Average Equity (%) (TTM) (57.15 )

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