Saudi Aramco posts SAR 330.7 bln net profit in FY19
The Saudi Arabian Oil Co. (Saudi Aramco) posted a 21% year-on-year (YoY) drop in net profit after Zakat and tax to SAR 330.7 billion for fiscal year 2019.
The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins, and a $1.6 billion impairment associated with Sadara Chemical Company.
Financials (M)
Item | 2018 | 2019 | Change |
---|---|---|---|
Revenues | 1,347,017.00 | 1,236,785.00 | (8.2 %) |
Gross Income | 873,206.00 | 763,934.00 | (12.5 %) |
Operating Income | 798,405.00 | 674,871.00 | (15.5 %) |
Net Income | 416,196.00 | 330,816.00 | (20.5 %) |
Average Shares | 242,000.00 | 242,000.00 | - |
EPS (Riyals) | 1.72 | 1.37 | (20.5 %) |
In Q4 2019, net profit dropped 29% YoY to SAR 74.9 billion.
Current Quarter Comparison (M)
Item | Q4 2018 | Q4 2019 | Change |
---|---|---|---|
Revenues | 354,857.00 | 312,198.00 | (12.0 %) |
Gross Income | 216,943.00 | 188,077.00 | (13.3 %) |
Operating Income | 201,490.00 | 161,798.00 | (19.7 %) |
Net Income | 104,460.00 | 75,011.00 | (28.2 %) |
Average Shares | 242,000.00 | 242,000.00 | - |
EPS (Riyals) | 0.43 | 0.31 | (28.2 %) |
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Share Price
Saudi Arabian Oil Co. (SAUDI ARAMCO)
Current | |
Market Cap (M Riyal) | 6,763,900.00 |
Enterprise Value (EV) (M) | 6,947,990.00 |
Shares Outstanding ((M)) | 242,000.00 |
EPS ( Riyal) (TTM) | 1.69 |
Book Value (BV) ( Riyal) | 6.15 |
Par Value | - |
Adjusted P/E (Last12) | 16.49 |
P/E (TTM) | 16.50 |
Price/book | 4.54 |
Return on Average Assets (%) (TTM) | 16.5 |
Return on Average Equity (%) (TTM) | 27.0 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2019 | 297,634.00 | 3.5 % | 187,277.00 | (3.1 %) | 166,621.00 | (4.7 %) |
Q2 2019 | 322,307.00 | (5.6 %) | 202,770.00 | (9.1 %) | 181,256.00 | (11.4 %) |
Q3 2019 | 304,646.00 | (16.2 %) | 185,810.00 | (22.6 %) | 165,196.00 | (24.0 %) |
Q4 2019 | 312,198.00 | (12.0 %) | 188,077.00 | (13.3 %) | 161,798.00 | (19.7 %) |
2019 | 1,236,785.00 | (8.2 %) | 763,934.00 | (12.5 %) | 674,871.00 | (15.5 %) |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2019 | 83,226.00 | (9.3 %) | 0.34 | - | 83,226.00 | 0.34 |
Q2 2019 | 92,791.00 | (12.9 %) | 0.38 | - | 92,791.00 | 0.38 |
Q3 2019 | 79,788.00 | (29.6 %) | 0.33 | - | 79,788.00 | 0.33 |
Q4 2019 | 75,011.00 | (28.2 %) | 0.31 | - | 75,011.00 | 0.31 |
2019 | 330,816.00 | (20.5 %) | 1.37 | - | 330,816.00 | 1.37 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2019 | 63.90 % | 60.72 % | 30.04 % |
Q2 2019 | 63.30 % | 60.72 % | 29.43 % |
Q3 2019 | 61.96 % | 59.63 % | 28.16 % |
Q4 2019 | 61.77 % | 58.63 % | 26.75 % |
2019 | 61.77 % | 58.63 % | 26.75 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2019 | 242,000.00 | 1.68 | 1.68 | - |
Q2 2019 | 242,000.00 | 1.63 | 1.63 | 4.19 |
Q3 2019 | 242,000.00 | 1.49 | 1.49 | 4.29 |
Q4 2019 | 242,000.00 | 1.37 | 1.37 | 4.28 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | - | - | - |
Q4 2019 | 21.32 | 21.32 | 6.81 |
Business Segments (Million)
Q4 2019
Period | upstream | Downstream | companies | Eliminations |
---|---|---|---|---|
Q1 2019 | 237,105.00 | 122,907.00 | 339.00 | (62717.00) |
Q2 2019 | 257,113.00 | 136,125.00 | 345.00 | (71276.00) |
Q3 2019 | 236,714.00 | 130,565.00 | 362.00 | (62995.00) |
Q4 2019 | 239,463.00 | 137,822.00 | 593.00 | (65680.00) |
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