City Cement’s net profit rises 10% to SAR 243 mln in 2015
17/01/2016
Argaam Exclusive
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City Cement Co. reported a net profit of SAR 243.17 million for the 2015 fiscal year; a 9.6 percent year-on-year (YOY) rise the cement producer attributed to an increase in sales and a decrease in a zakat provision.
Financials (M)
| Item | 2014 | 2015 | Change |
|---|---|---|---|
| Revenues | 454.85 | 560.52 | 23.2 % |
| Gross Income | 254.47 | 278.27 | 9.4 % |
| Operating Income | 232.95 | 254.32 | 9.2 % |
| Net Income | 221.75 | 241.87 | 9.1 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 1.58 | 1.73 | 9.1 % |
The company’s net profit for Q4-2015 jumped 27 percent to SAR 59.93 million, when compared to the SAR 47.3 million it recorded in the same quarter in 2014. Profit for the quarter was also 27 percent higher when compared to the previous quarter (Q3-2015).
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2014 | Q4 2015 | Change |
|---|---|---|---|
| Revenues | 114.88 | 155.62 | 35.5 % |
| Gross Income | 55.70 | 69.41 | 24.6 % |
| Operating Income | 49.52 | 62.47 | 26.1 % |
| Net Income | 47.30 | 58.63 | 23.9 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.34 | 0.42 | 23.9 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2015 | 145.41 | 19.4 % | 75.75 | 3.3 % | 67.59 | 3.6 % | 0.48 |
| Q2 2015 | 145.59 | 14.1 % | 78.57 | 10.3 % | 68.25 | 9.7 % | 0.49 |
| Q3 2015 | 113.91 | 25.7 % | 56.69 | 0.7 % | 47.39 | 0.9 % | 0.34 |
| Q4 2015 | 155.62 | 35.5 % | 69.41 | 24.6 % | 58.63 | 23.9 % | 0.42 |
| 2015 | 560.52 | 23.2 % | 278.27 | 9.4 % | 241.87 | 9.1 % | 1.73 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2015 | 54.13 % | 61.44 % | 46.83 % |
| Q2 2015 | 53.65 % | 62.03 % | 46.35 % |
| Q3 2015 | 51.31 % | 61.39 % | 44.35 % |
| Q4 2015 | 50.03 % | 62.11 % | 43.15 % |
| 2015 | 49.65 % | 62.17 % | 43.15 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2015 | 140.00 | 1.60 | 1.60 | 14.67 |
| Q2 2015 | 140.00 | 1.64 | 1.64 | 15.16 |
| Q3 2015 | 140.00 | 1.65 | 1.65 | 15.50 |
| Q4 2015 | 140.00 | 1.73 | 1.73 | 14.56 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2015 | 13.78 | 13.78 | 1.50 |
| Q2 2015 | 14.36 | 14.36 | 1.56 |
| Q3 2015 | 10.86 | 10.86 | 1.15 |
| Q4 2015 | 8.71 | 8.71 | 1.03 |
Analysts Estimates (Million)
| Item | Q4 2015 (e) | Q4 2015 (a) | Change |
|---|---|---|---|
| Average | 62.80 | 58.63 | (6.6 %) |
Estimates vs Actual (Million)
| Item | Q4 2015 (e) | Q4 2015 (a) | Change |
|---|---|---|---|
| Alistithmar Capital | 57.90 | 58.63 | 1.3 % |
| Value Capital | 60.90 | 58.63 | (3.7) % |
| SFC | 63.00 | 58.63 | (6.9) % |
| OSOOL AND BAKHEET | 63.70 | 58.63 | (8.0) % |
| AlJazira Capital | 68.50 | 58.63 | (14.4) % |
| Current | |
| Market Cap (M Riyal) | 2,710.40 |
| Enterprise Value (EV) (M) | 2,338.87 |
| Shares Outstanding ((M)) | 140.00 |
| EPS ( Riyal) (TTM) | 0.69 |
| Book Value (BV) ( Riyal) | 12.58 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 28.23 |
| P/E (TTM) | 28.23 |
| Price/book | 1.54 |
| Return on Average Assets (%) (TTM) | 5.0 |
| Return on Average Equity (%) (TTM) | 5.4 |
Share Price
City Cement Co. (CITY CEMENT)
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