Astra net profit almost triples to SAR 115.4 mln in 2020

Astra net profit almost triples to SAR 115.4 mln in 2020

11/03/2021 Argaam Exclusive

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Astra Industrial Group reported a net profit after Zakat and tax of SAR 115.4 million in 2020, a more than three-fold increase, from SAR 29.7 million a year earlier.

 

The profit rise was driven by higher sales revenue and gross profit from pharmaceuticals and specialty chemicals segments.

 

The company also cited lower other expenses, lower Zakat expenses and decreased financial charges from segments of pharmaceuticals, specialty chemicals and power and steel, in addition to a change in loss accounting for joint ventures due to the consolidation of their financial statements.

 



Financials (M)

Item 2019 2020 Change‬
Revenues 1,867.11 2,047.88 9.7 %
Gross Income 738.35 802.62 8.7 %
Operating Income 196.17 212.44 8.3 %
Net Income 29.70 115.44 288.8 %
Average Shares 80.00 80.00 -
EPS (Riyals) 0.37 1.44 288.8 %

The company’s Q4 2020 net profit surged 93% year-on-year (YoY) to SAR 37.9 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 456.36 663.02 45.3 %
Gross Income 178.94 250.32 39.9 %
Operating Income 48.09 76.56 59.2 %
Net Income 19.64 37.92 93.1 %
Average Shares 80.00 80.00 -
EPS (Riyals) 0.25 0.47 93.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2011 356.77 29.1 % 141.28 11.3 % 62.04 7.2 % 0.78
Q2 2011 373.14 35.2 % 146.07 15.9 % 67.28 9.5 % 0.84
Q3 2011 334.40 28.1 % 139.61 15.0 % 58.49 (27.5 %) 0.73
Q4 2011 340.93 11.0 % 138.10 24.8 % 63.77 8.1 % 0.80
Q1 2012 391.50 9.7 % 155.53 10.1 % 64.08 3.3 % 0.80
Q2 2012 376.88 1.0 % 155.50 6.5 % 68.50 1.8 % 0.86
Q3 2012 317.94 (4.9 %) 152.83 9.5 % 46.66 (20.2 %) 0.58
Q4 2012 410.00 20.3 % 154.06 11.6 % 63.43 (0.5 %) 0.79
Q1 2013 454.19 16.0 % 174.40 12.1 % 68.32 6.6 % 0.85
Q2 2013 447.54 18.7 % 178.71 14.9 % 61.72 (9.9 %) 0.77
Q3 2013 360.22 13.3 % 157.84 3.3 % 50.69 8.7 % 0.63
Q4 2013 509.48 24.3 % 169.90 10.3 % 72.41 14.1 % 0.91
Q1 2014 498.90 9.8 % 184.96 6.1 % 63.06 (7.7 %) 0.79
Q2 2014 453.23 1.3 % 136.47 (23.6 %) 3.07 (95.0 %) 0.04
Q3 2014 439.81 22.1 % 125.94 (20.2 %) 17.91 (64.7 %) 0.22
Q4 2014 491.79 (3.5 %) 158.77 (6.5 %) 25.72 (64.5 %) 0.32
Q1 2015 489.36 (1.9 %) 181.61 (1.8 %) 42.11 (33.2 %) 0.53
Q2 2015 461.99 1.9 % 162.98 19.4 % 20.10 554.8 % 0.25
Q3 2015 381.83 (13.2 %) 130.00 3.2 % 9.46 (47.2 %) 0.12
Q4 2015 422.92 (14.0 %) 107.80 (32.1 %) (65.19) (353.4 %) (0.81)
Q1 2016 503.31 2.9 % 224.54 23.6 % 12.80 (69.6 %) 0.16
Q2 2016 444.56 (3.8 %) 190.17 16.7 % (10.60) (152.8 %) (0.13)
Q3 2016 389.16 1.9 % 180.23 38.6 % (25.34) (367.9 %) (0.32)
Q4 2016 404.48 (4.4 %) 185.42 72.0 % (70.80) (8.6 %) (0.88)
Q1 2017 512.43 1.8 % 220.92 (1.6 %) 19.74 54.3 % 0.25
Q2 2017 428.52 (3.6 %) 198.92 4.6 % 7.00 166.0 % 0.09
Q3 2017 398.37 2.4 % 171.28 (5.0 %) 2.58 110.2 % 0.03
Q4 2017 456.35 12.8 % 165.46 (10.8 %) 28.88 140.8 % 0.36
Q1 2018 476.82 (6.9 %) 191.50 (13.3 %) 25.53 29.3 % 0.32
Q2 2018 436.40 1.8 % 184.86 (7.1 %) 16.08 129.8 % 0.20
Q3 2018 405.35 1.8 % 149.35 (12.8 %) (26.87) (1141.9 %) (0.34)
Q4 2018 478.34 4.8 % 186.25 12.6 % 7.73 (73.2 %) 0.10
Q1 2019 470.18 (1.4 %) 187.63 (2.0 %) 8.91 (65.1 %) 0.11
Q2 2019 493.41 13.1 % 209.98 13.6 % 15.78 (1.9 %) 0.20
Q3 2019 447.16 10.3 % 161.80 8.3 % (14.63) 45.6 % (0.18)
Q4 2019 456.36 (4.6 %) 178.94 (3.9 %) 19.64 153.9 % 0.25
Q1 2020 509.51 8.4 % 207.17 10.4 % 34.09 282.8 % 0.43
Q2 2020 441.51 (10.5 %) 165.76 (21.1 %) 24.22 53.5 % 0.30
Q3 2020 433.83 (3.0 %) 179.38 10.9 % 19.20 231.3 % 0.24
Q4 2020 663.02 45.3 % 250.32 39.9 % 37.92 93.1 % 0.47
2020 2,047.88 9.7 % 802.62 8.7 % 115.44 288.8 % 1.44

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 41.59 % 17.71 % 19.73 %
Q2 2011 40.01 % 16.85 % 18.97 %
Q3 2011 39.20 % 16.26 % 18.00 %
Q4 2011 40.21 % 15.71 % 17.90 %
Q1 2012 40.23 % 15.71 % 17.61 %
Q2 2012 40.78 % 15.91 % 17.65 %
Q3 2012 42.18 % 15.95 % 17.03 %
Q4 2012 41.30 % 15.09 % 16.22 %
Q1 2013 40.85 % 14.76 % 15.84 %
Q2 2013 40.50 % 13.92 % 14.74 %
Q3 2013 39.77 % 13.56 % 14.60 %
Q4 2013 38.44 % 13.31 % 14.29 %
Q1 2014 38.07 % 13.64 % 13.65 %
Q2 2014 35.63 % 11.75 % 10.39 %
Q3 2014 32.46 % 10.54 % 8.23 %
Q4 2014 32.18 % 9.87 % 5.83 %
Q1 2015 32.16 % 9.69 % 4.74 %
Q2 2015 33.42 % 10.59 % 5.62 %
Q3 2015 34.71 % 10.53 % 5.34 %
Q4 2015 33.16 % 7.75 % 0.37 %
Q1 2016 35.33 % 7.68 % (1.29 %)
Q2 2016 37.23 % 7.90 % (3.05 %)
Q3 2016 39.93 % 9.51 % (5.02 %)
Q4 2016 44.81 % 12.07 % (5.39 %)
Q1 2017 44.37 % 11.60 % (5.63 %)
Q2 2017 45.28 % 11.49 % (5.26 %)
Q3 2017 44.53 % 10.40 % (4.33 %)
Q4 2017 42.13 % 10.71 % 1.34 %
Q1 2018 41.31 % 10.61 % 2.36 %
Q2 2018 40.33 % 11.14 % 3.43 %
Q3 2018 38.94 % 10.18 % 2.46 %
Q4 2018 39.62 % 11.54 % 1.25 %
Q1 2019 39.55 % 12.17 % 0.33 %
Q2 2019 39.69 % 13.73 % 0.30 %
Q3 2019 39.47 % 14.92 % 0.94 %
Q4 2019 39.55 % 14.92 % 4.84 %
Q1 2020 39.75 % 15.29 % 6.06 %
Q2 2020 38.48 % 14.62 % 6.68 %
Q3 2020 39.72 % 14.86 % 8.57 %
Q4 2020 39.19 % 14.75 % 5.64 %
2020 39.19 % 14.75 % 5.64 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 80.00 3.29 2.96 21.73
Q2 2011 80.00 3.36 3.08 21.19
Q3 2011 80.00 3.09 3.09 21.89
Q4 2011 80.00 3.14 3.14 22.39
Q1 2012 80.00 3.17 3.17 23.18
Q2 2012 80.00 3.19 3.19 22.27
Q3 2012 80.00 3.04 3.04 22.63
Q4 2012 80.00 3.03 3.03 23.03
Q1 2013 80.00 3.09 3.09 23.94
Q2 2013 80.00 3.00 3.00 22.92
Q3 2013 80.00 3.05 3.05 23.18
Q4 2013 80.00 3.16 3.16 23.68
Q1 2014 80.00 3.10 3.10 24.43
Q2 2014 80.00 2.37 2.37 22.82
Q3 2014 80.00 1.96 1.96 22.99
Q4 2014 80.00 1.37 1.37 23.08
Q1 2015 80.00 1.11 1.11 23.53
Q2 2015 80.00 1.32 1.32 22.71
Q3 2015 80.00 1.22 1.22 22.19
Q4 2015 80.00 0.08 0.08 21.46
Q1 2016 80.00 (0.29) (0.29) 21.65
Q2 2016 80.00 (0.67) (0.67) 21.78
Q3 2016 80.00 (1.10) (1.10) 21.78
Q4 2016 80.00 (1.17) (1.17) 15.43
Q1 2017 80.00 (1.09) (1.23) 15.62
Q2 2017 80.00 (0.87) (1.14) 15.28
Q3 2017 80.00 (0.52) (0.94) 15.21
Q4 2017 80.00 0.73 0.30 15.40
Q1 2018 80.00 0.80 0.52 14.11
Q2 2018 80.00 0.91 0.76 13.80
Q3 2018 80.00 0.55 0.55 13.40
Q4 2018 80.00 0.28 0.28 13.23
Q1 2019 80.00 0.07 0.07 13.38
Q2 2019 80.00 0.07 0.07 13.63
Q3 2019 80.00 0.22 0.22 13.40
Q4 2019 80.00 0.37 1.13 15.19
Q1 2020 80.00 0.69 1.44 15.49
Q2 2020 80.00 0.79 1.55 15.72
Q3 2020 80.00 1.21 1.97 15.98
Q4 2020 80.00 1.44 1.44 16.57

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 9.49 10.53 1.44
Q2 2011 9.53 10.41 1.51
Q3 2011 10.47 10.47 1.48
Q4 2011 10.36 10.36 1.46
Q1 2012 12.71 12.71 1.74
Q2 2012 11.74 11.74 1.68
Q3 2012 12.04 12.04 1.62
Q4 2012 11.90 11.90 1.57
Q1 2013 12.18 12.18 1.57
Q2 2013 13.79 13.79 1.81
Q3 2013 13.83 13.83 1.82
Q4 2013 15.51 15.51 2.07
Q1 2014 18.15 18.15 2.30
Q2 2014 21.57 21.57 2.24
Q3 2014 24.30 24.30 2.07
Q4 2014 21.27 21.27 1.26
Q1 2015 26.98 26.98 1.27
Q2 2015 24.44 24.44 1.42
Q3 2015 19.14 19.14 1.05
Q4 2015 More than 100 More than 100 0.92
Q1 2016 NEG NEG 0.69
Q2 2016 NEG NEG 0.75
Q3 2016 NEG NEG 0.62
Q4 2016 NEG NEG 1.11
Q1 2017 NEG NEG 1.06
Q2 2017 NEG NEG 1.01
Q3 2017 NEG NEG 1.10
Q4 2017 21.95 53.03 1.04
Q1 2018 20.87 32.17 1.18
Q2 2018 21.02 25.30 1.39
Q3 2018 31.58 31.58 1.29
Q4 2018 58.37 58.37 1.24
Q1 2019 More than 100 More than 100 1.20
Q2 2019 More than 100 More than 100 1.12
Q3 2019 69.34 69.34 1.15
Q4 2019 41.44 13.63 1.01
Q1 2020 20.99 9.98 0.93
Q2 2020 23.80 12.16 1.20
Q3 2020 19.93 12.27 1.51
Q4 2020 17.81 17.81 1.55

Business Segments (Million)

Compared With The
Period Pharmaceuticals Specialty chemicals Energy and steel industries Other
Q1 2011 135.38 138.56 82.82 -
Q2 2011 146.24 135.09 91.81 -
Q3 2011 139.68 119.96 74.06 -
Q4 2011 123.64 126.61 68.12 -
Q1 2012 172.74 135.63 83.14 -
Q2 2012 151.94 138.05 86.89 -
Q3 2012 160.61 122.47 34.86 -
Q4 2012 170.66 150.68 88.66 -
Q1 2013 214.39 165.59 74.22 -
Q2 2013 205.41 157.70 84.42 -
Q3 2013 189.95 114.84 55.43 -
Q4 2013 258.27 115.01 136.20 -
Q1 2014 243.34 161.19 94.37 -
Q2 2014 207.26 144.23 101.73 -
Q3 2014 207.18 127.15 105.48 -
Q4 2014 268.21 154.23 104.43 -
Q1 2015 204.31 178.44 106.61 -
Q2 2015 248.39 143.08 70.51 -
Q3 2015 186.53 134.45 60.85 -
Q4 2015 196.59 136.58 93.75 -
Q1 2016 254.25 182.79 66.27 -
Q2 2016 214.90 166.52 63.14 -
Q3 2016 204.22 119.43 65.51 -
Q4 2016 220.50 131.57 52.41 -
Q1 2017 224.63 202.84 84.97 -
Q2 2017 198.23 142.49 86.79 1.00
Q3 2017 184.52 136.02 74.55 3.28
Q4 2017 214.07 168.68 68.61 4.99
Q1 2018 225.54 183.10 62.31 5.87
Q2 2018 210.02 167.66 52.84 5.87
Q3 2018 191.43 164.03 43.31 6.58
Q4 2018 243.10 189.82 38.81 6.60
Q1 2019 238.47 173.84 49.47 8.41
Q2 2019 249.12 191.70 44.32 8.27
Q3 2019 217.10 161.65 61.32 7.09
Q4 2019 218.28 165.93 63.07 9.08
Q1 2020 263.21 204.69 33.06 8.55
Q2 2020 213.49 205.61 16.04 6.37
Q3 2020 200.76 191.48 33.01 8.58
Q4 2020 386.24 199.77 68.88 8.13

Current
Market Cap (M Riyal) 13,088.00
Enterprise Value (EV) (M) 12,348.13
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 6.28
Book Value (BV) ( Riyal) 28.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 26.06
P/E (TTM) 26.06
Price/book 5.73
Return on Average Assets (%) (TTM) 12.4
Return on Average Equity (%) (TTM) 23.6

Share Price

163.00
1.00 0.62 %

Astra Industrial Group (ASTRA INDUSTRIAL)


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