Ataa posts 6% profit drop in FY 2019
Ataa Educational Co. reported a net profit after zakat and tax of SAR 82.7 million for the fiscal year ending July 31, 2019, a decline of 5.9 percent year-on-year (YoY) due to lower revenue amid tough competition and market conditions.
The company was also hit by finance charges that more than doubled YoY on funding Al-Rowad Private Schools Complex in Ishbilia.
Financials (M)
Item | 2018 | 2019 | Change |
---|---|---|---|
Revenues | 325.19 | 320.59 | (1.4 %) |
Gross Income | 107.77 | 107.85 | 0.1 % |
Operating Income | 86.84 | 85.42 | (1.6 %) |
Net Income | 87.91 | 82.75 | (5.9 %) |
Average Shares | 40.00 | 40.00 | - |
EPS (Riyals) | 2.20 | 2.07 | (5.9 %) |
In Q4, Ataa reported a net profit after zakat and tax of SAR 38 million. It added that shareholders’ equity – excluding minority interest – stood at SAR 746.5 million by the end of this period.
Current Quarter Comparison (M)
Item | Q4 2018 | Q4 2019 | Change |
---|---|---|---|
Revenues | 84.56 | 82.94 | (1.9 %) |
Gross Income | 42.06 | 43.69 | 3.9 % |
Operating Income | 37.95 | 38.87 | 2.4 % |
Net Income | 37.90 | 37.97 | 0.2 % |
Average Shares | 40.00 | 40.00 | - |
EPS (Riyals) | 0.95 | 0.95 | 0.2 % |
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Share Price
Ataa Educational Co. (ATAA)
Current | |
Market Cap (M Riyal) | 2,954.72 |
Enterprise Value (EV) (M) | 3,491.73 |
Shares Outstanding ((M)) | 42.09 |
EPS ( Riyal) (TTM) | 1.45 |
Book Value (BV) ( Riyal) | 19.50 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | 48.52 |
P/E (TTM) | 48.52 |
Price/book | 3.60 |
Return on Average Assets (%) (TTM) | 2.8 |
Return on Average Equity (%) (TTM) | 7.5 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2019 | 77.52 | - | 22.90 | - | 17.38 | - |
Q2 2019 | 80.39 | - | 22.39 | - | 16.83 | - |
Q3 2019 | 79.74 | (1.9 %) | 19.39 | 16.8 % | 12.87 | 50.0 % |
Q4 2019 | 82.94 | (1.9 %) | 43.69 | 3.9 % | 38.87 | 2.4 % |
2019 | 320.59 | (1.4 %) | 107.85 | 0.1 % | 85.42 | (1.6 %) |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2019 | 17.12 | - | 0.43 | - | 17.12 | 0.43 |
Q2 2019 | 16.16 | - | 0.40 | - | 16.16 | 0.40 |
Q3 2019 | 12.01 | 32.7 % | 0.30 | - | 12.01 | 0.30 |
Q4 2019 | 37.97 | 0.2 % | 0.95 | - | 37.97 | 0.95 |
2019 | 82.75 | (5.9 %) | 2.07 | - | 82.75 | 2.07 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2019 | - | - | - |
Q2 2019 | 32.11 % | 29.72 % | 24.78 % |
Q3 2019 | 33.13 % | 31.27 % | 25.82 % |
Q4 2019 | 33.80 % | 31.77 % | 25.97 % |
2019 | 33.64 % | 31.60 % | 25.81 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2019 | 40.00 | - | - | 18.07 |
Q2 2019 | 40.00 | 2.01 | 2.01 | 17.45 |
Q3 2019 | 40.00 | 2.08 | 2.08 | 17.74 |
Q4 2019 | 40.00 | 2.08 | 2.08 | 18.66 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | 16.14 | 16.14 | 1.89 |
Q4 2019 | 14.94 | 14.94 | 1.67 |
Business Segments (Million)
Q4 2019
Period | National Schools | International Schools | Indian Schools | French Schools |
---|---|---|---|---|
Q1 2019 | 48.31 | 19.46 | 7.47 | 2.28 |
Q2 2019 | 47.86 | 19.41 | 10.86 | 2.25 |
Q3 2019 | 47.65 | 19.16 | 10.70 | 2.23 |
Q4 2019 | 50.80 | 15.60 | 14.33 | 2.21 |
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