Alujain’s H1 2022 net profit falls 22% to SAR 118.8 mln; Q2 at SAR 63 mln

Alujain’s H1 2022 net profit falls 22% to SAR 118.8 mln; Q2 at SAR 63 mln

07/08/2022 Argaam Exclusive

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Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 118.8 million for the first half of 2022, a decline of 22% from SAR 152.3 million in the same period last year.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 10.00 1,084.01 10737.9 %
Gross Income 1.53 304.41 19822.2 %
Operating Income (13.05) 153.42 1275.7 %
Net Income 152.26 118.75 (22.0 %)
Average Shares 69.20 69.20 -
EPS (Riyals) 2.20 1.72 (22.0 %)

The decline in net profit is attributed to lower share in net profit from National Petrochemical Industrial Co. (NATPET) and higher finance cost.



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 5.25 574.64 10855.9 %
Gross Income 0.79 144.29 18256.9 %
Operating Income (8.90) 64.17 821.2 %
Net Income 91.96 62.97 (31.5 %)
Average Shares 69.20 69.20 -
EPS (Riyals) 1.33 0.91 (31.5 %)

In Q2 2022, net profit after Zakat and tax retreated 32% to SAR 62.97 million from SAR 91.96 million in the prior-year period.

 

Compared to Q1 2022, net profit rose 12.9% from SAR 55.78 million, on higher share of profit from NATPET.

 

Total shareholders’ equity, after minority interest, rose to SAR 2.639 billion as of June 30, 2022, from SAR 1.843 billion a year earlier.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2013 271.41 (51.7 %) 19.34 (69.4 %) 0.14 (99.7 %)
Q2 2013 521.09 6.2 % 102.07 30.7 % 83.61 42.3 %
Q3 2013 496.85 (4.9 %) 110.98 72.1 % 90.76 95.7 %
Q4 2013 586.85 9.3 % 111.46 28.6 % 85.19 31.3 %
Q1 2014 452.75 66.8 % 68.61 254.8 % 50.78 36432.4 %
Q2 2014 559.46 7.4 % 87.52 (14.3 %) 67.82 (18.9 %)
Q3 2014 547.50 10.2 % 114.55 3.2 % 95.20 4.9 %
Q4 2014 572.98 (2.4 %) 163.48 46.7 % 142.19 66.9 %
Q1 2015 220.70 (51.3 %) 15.04 (78.1 %) (3.29) (106.5 %)
Q2 2015 426.38 (23.8 %) 136.74 56.2 % 117.20 72.8 %
Q3 2015 412.62 (24.6 %) 129.69 13.2 % 109.62 15.1 %
Q4 2015 400.80 (30.0 %) 92.03 (43.7 %) 72.28 (49.2 %)
Q1 2016 305.60 38.5 % 51.56 242.8 % 28.94 980.3 %
Q2 2016 355.75 (16.6 %) 113.66 (16.9 %) 89.41 (23.7 %)
Q3 2016 - - - - (2.24) (102.0 %)
Q4 2016 441.61 10.2 % 106.39 15.6 % 83.43 15.4 %
Q1 2017 6.42 (97.9 %) 1.64 (96.8 %) (3.12) (110.8 %)
Q2 2017 7.96 (97.8 %) 2.52 (97.8 %) (2.46) (102.7 %)
Q3 2017 7.05 - 1.79 - (2.81) (25.3 %)
Q4 2017 6.90 (98.4 %) 1.38 (98.7 %) (3.99) (104.8 %)
Q1 2018 5.07 (21.0 %) (0.11) (106.9 %) (7.10) (127.7 %)
Q2 2018 7.05 (11.5 %) 1.76 (30.2 %) (2.14) 13.1 %
Q3 2018 6.74 (4.4 %) 1.42 (20.8 %) (2.34) 16.7 %
Q4 2018 7.02 1.8 % 1.57 14.2 % (3.69) 7.3 %
Q1 2019 4.75 (6.2 %) 0.82 823.0 % (2.39) 66.4 %
Q2 2019 6.56 (6.9 %) 1.75 (1.0 %) (1.03) 51.7 %
Q3 2019 6.69 (0.8 %) 1.61 13.3 % (1.57) 32.8 %
Q4 2019 5.73 (18.3 %) 1.53 (2.4 %) (6.72) (82.0 %)
Q1 2020 4.63 (2.5 %) 0.62 (24.7 %) (10.41) (336.4 %)
Q2 2020 2.61 (60.1 %) 0.04 (97.8 %) (4.01) (287.9 %)
Q3 2020 3.26 (51.2 %) 0.31 (80.9 %) (7.75) (392.9 %)
Q4 2020 3.87 (32.5 %) 0.38 (75.2 %) (4.08) 39.3 %
Q1 2021 4.76 2.7 % 0.74 20.7 % (4.15) 60.1 %
Q2 2021 5.25 100.7 % 0.79 1968.4 % (8.90) (122.1 %)
Q3 2021 6.53 100.4 % 1.32 332.0 % (1.86) 76.0 %
Q4 2021 502.76 12887.9 % 116.24 30488.4 % 72.55 1877.8 %
Q1 2022 509.37 10607.8 % 160.13 21480.3 % 89.26 2249.7 %
Q2 2022 574.64 10855.9 % 144.29 18256.9 % 64.17 821.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2013 (15.89) (265.6 %) (0.23) - (15.89) (0.23)
Q2 2013 34.94 143.3 % 0.50 - 34.94 0.50
Q3 2013 56.96 437.1 % 0.82 17.73 39.23 0.57
Q4 2013 33.82 97.5 % 0.49 - 33.82 0.49
Q1 2014 14.77 193.0 % 0.21 - 14.77 0.21
Q2 2014 52.57 50.5 % 0.76 29.32 23.25 0.34
Q3 2014 34.85 (38.8 %) 0.50 - 34.85 0.50
Q4 2014 65.19 92.8 % 0.94 - 65.19 0.94
Q1 2015 (16.83) (213.9 %) (0.24) - (16.83) (0.24)
Q2 2015 50.18 (4.5 %) 0.73 - 50.18 0.73
Q3 2015 45.56 30.7 % 0.66 - 45.56 0.66
Q4 2015 27.47 (57.9 %) 0.40 - 27.47 0.40
Q1 2016 2.76 116.4 % 0.04 - 2.76 0.04
Q2 2016 38.61 (23.1 %) 0.56 - 38.61 0.56
Q3 2016 36.82 (19.2 %) 0.53 - 36.82 0.53
Q4 2016 35.75 30.1 % 0.52 - 35.75 0.52
Q1 2017 28.85 945.0 % 0.42 - 28.85 0.42
Q2 2017 12.49 (67.6 %) 0.18 - 12.49 0.18
Q3 2017 36.12 (1.9 %) 0.52 - 36.12 0.52
Q4 2017 58.73 64.3 % 0.85 15.98 42.75 0.62
Q1 2018 62.46 116.5 % 0.90 - 62.46 0.90
Q2 2018 63.99 412.2 % 0.92 - 63.99 0.92
Q3 2018 27.59 (23.6 %) 0.40 - 27.59 0.40
Q4 2018 (49.29) (183.9 %) (0.71) - (49.29) (0.71)
Q1 2019 (78.72) (226.0 %) (1.14) - (78.72) (1.14)
Q2 2019 (71.01) (211.0 %) (1.03) - (71.01) (1.03)
Q3 2019 (108.46) (493.1 %) (1.57) - (108.46) (1.57)
Q4 2019 449.33 1011.6 % 6.49 455.28 (5.94) (0.09)
Q1 2020 (46.37) 41.1 % (0.67) - (46.37) (0.67)
Q2 2020 182.98 357.7 % 2.64 189.42 (6.44) (0.09)
Q3 2020 15.92 114.7 % 0.23 - 15.92 0.23
Q4 2020 54.75 (87.8 %) 0.79 - 54.75 0.79
Q1 2021 60.30 230.1 % 0.87 - 60.30 0.87
Q2 2021 91.96 (49.7 %) 1.33 - 91.96 1.33
Q3 2021 56.74 256.4 % 0.82 - 56.74 0.82
Q4 2021 1,413.31 2481.2 % 20.42 1,351.86 61.45 0.89
Q1 2022 55.78 (7.5 %) 0.81 - 55.78 0.81
Q2 2022 62.97 (31.5 %) 0.91 24.31 38.66 0.56

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 13.65 % 20.08 % 1.44 %
Q2 2013 14.72 % 21.57 % 2.53 %
Q3 2013 17.47 % 24.82 % 4.13 %
Q4 2013 18.33 % 24.00 % 4.91 %
Q1 2014 19.11 % 24.32 % 5.97 %
Q2 2014 18.06 % 23.20 % 5.30 %
Q3 2014 17.80 % 22.74 % 4.97 %
Q4 2014 20.36 % 25.29 % 6.47 %
Q1 2015 20.02 % 25.57 % 5.60 %
Q2 2015 24.32 % 30.57 % 7.55 %
Q3 2015 27.25 % 34.52 % 8.83 %
Q4 2015 25.57 % 34.60 % 7.28 %
Q1 2016 26.53 % 34.30 % 8.15 %
Q2 2016 26.24 % 34.67 % 7.76 %
Q3 2016 24.22 % 22.88 % 9.95 %
Q4 2016 24.63 % 37.91 % 10.33 %
Q1 2017 27.58 % 43.11 % 17.42 %
Q2 2017 24.24 % 42.30 % 24.98 %
Q3 2017 24.26 % 63.98 % 24.45 %
Q4 2017 25.86 % (32.42 %) 424.48 %
Q1 2018 20.67 % (48.29 %) 570.29 %
Q2 2018 18.47 % (49.39 %) 787.98 %
Q3 2018 17.25 % (45.68 %) 764.27 %
Q4 2018 17.92 % (46.65 %) 404.89 %
Q1 2019 21.78 % (28.23 %) (142.52 %)
Q2 2019 22.14 % (23.78 %) (683.83 %)
Q3 2019 22.94 % (24.31 %) (1229.13 %)
Q4 2019 24.02 % (33.71 %) (1113.02 %)
Q1 2020 23.29 % (67.88 %) (981.62 %)
Q2 2020 19.28 % (96.28 %) (850.20 %)
Q3 2020 15.34 % (154.61 %) (263.70 %)
Q4 2020 9.31 % (157.22 %) 124.27 %
Q1 2021 10.11 % (113.35 %) 858.72 %
Q2 2021 12.92 % (124.86 %) 1,301.19 %
Q3 2021 15.83 % (76.02 %) 1,292.51 %
Q4 2021 22.93 % 16.59 % 52.08 %
Q1 2022 27.20 % 22.11 % 25.97 %
Q2 2022 26.48 % 21.89 % 13.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 69.20 0.38 0.38 8.78
Q2 2013 69.20 0.68 0.68 9.39
Q3 2013 69.20 1.35 1.09 10.23
Q4 2013 69.20 1.59 1.33 10.81
Q1 2014 69.20 2.03 1.77 10.99
Q2 2014 69.20 2.28 1.61 11.78
Q3 2014 69.20 1.97 1.54 12.32
Q4 2014 69.20 2.42 2.00 13.26
Q1 2015 69.20 1.96 1.54 12.97
Q2 2015 69.20 1.93 1.93 13.78
Q3 2015 69.20 2.08 2.08 14.44
Q4 2015 69.20 1.54 1.54 14.99
Q1 2016 69.20 1.82 1.82 15.03
Q2 2016 69.20 1.65 1.65 15.67
Q3 2016 69.20 1.53 1.53 16.25
Q4 2016 69.20 1.65 1.65 16.75
Q1 2017 69.20 2.02 2.02 17.16
Q2 2017 69.20 1.65 1.65 16.33
Q3 2017 69.20 1.64 1.64 16.83
Q4 2017 69.20 1.97 1.74 17.59
Q1 2018 69.20 2.45 2.22 18.49
Q2 2018 69.20 3.20 2.97 19.44
Q3 2018 69.20 3.07 2.84 19.82
Q4 2018 69.20 1.51 1.51 18.85
Q1 2019 69.20 (0.53) (0.53) 17.70
Q2 2019 69.20 (2.48) (2.48) 16.39
Q3 2019 69.20 (4.44) (4.44) 14.82
Q4 2019 69.20 2.76 (3.82) 21.36
Q1 2020 69.20 3.23 (3.35) 20.67
Q2 2020 69.20 6.90 (2.42) 23.32
Q3 2020 69.20 8.70 (0.62) 23.60
Q4 2020 69.20 3.00 0.26 24.43
Q1 2021 69.20 4.54 1.80 25.31
Q2 2021 69.20 3.22 3.22 26.64
Q3 2021 69.20 3.81 3.81 27.46
Q4 2021 69.20 23.44 3.91 37.74
Q1 2022 69.20 23.38 3.84 38.29
Q2 2022 69.20 22.96 3.07 38.13

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 38.44 38.44 1.66
Q2 2013 21.82 21.82 1.57
Q3 2013 13.60 16.80 1.79
Q4 2013 15.88 18.94 2.33
Q1 2014 12.76 14.60 2.36
Q2 2014 10.38 14.78 2.01
Q3 2014 14.00 17.85 2.23
Q4 2014 6.70 8.12 1.22
Q1 2015 10.18 12.99 1.54
Q2 2015 10.93 10.93 1.53
Q3 2015 7.63 7.63 1.10
Q4 2015 9.37 9.37 0.96
Q1 2016 7.84 7.84 0.95
Q2 2016 7.88 7.88 0.83
Q3 2016 8.08 8.08 0.76
Q4 2016 11.94 11.94 1.17
Q1 2017 10.13 10.13 1.19
Q2 2017 13.36 13.36 1.35
Q3 2017 13.48 13.48 1.31
Q4 2017 10.82 12.25 1.21
Q1 2018 10.05 11.09 1.33
Q2 2018 9.72 10.48 1.60
Q3 2018 10.20 11.02 1.58
Q4 2018 12.86 12.86 1.03
Q1 2019 NEG NEG 1.28
Q2 2019 NEG NEG 1.32
Q3 2019 NEG NEG 1.29
Q4 2019 10.86 NEG 1.40
Q1 2020 7.39 NEG 1.16
Q2 2020 3.87 NEG 1.14
Q3 2020 5.10 NEG 1.88
Q4 2020 15.71 More than 100 1.93
Q1 2021 10.73 27.06 1.92
Q2 2021 17.48 17.48 2.11
Q3 2021 17.74 17.74 2.46
Q4 2021 2.30 13.82 1.43
Q1 2022 2.77 16.84 1.69
Q2 2022 2.53 18.94 1.53

Business Segments (Million)

Compared With The
Period Petrochemicals Manufacturing Manufacturing home care products
Q1 2017 - 6.42
Q2 2017 - 7.96
Q3 2017 - 7.05
Q4 2017 - 6.90
Q1 2018 - 5.07
Q2 2018 - 7.05
Q3 2018 - 6.74
Q4 2018 - 7.02
Q1 2019 - 4.75
Q2 2019 - 6.56
Q3 2019 - 6.69
Q4 2019 - 5.73
Q1 2020 - 4.63
Q2 2020 - 2.61
Q3 2020 - 3.26
Q4 2020 - 3.87
Q1 2021 - 4.76
Q2 2021 - 5.25
Q3 2021 - 6.53
Q4 2021 495.39 7.37
Q1 2022 503.77 5.60
Q2 2022 570.29 4.35

Analysts Estimates (Million)

Item Q2 2022 (e) Q2 2022 (a) Change‬
Average 77.00 62.97 (18.2 %)

Estimates vs Actual (Million)

Item Q2 2022 (e) Q2 2022 (a) Change
OSOOL AND BAKHEET 77.00 62.97 (18.2) %


Financial Ratios
Current
Market Cap (M Riyal) 2,643.44
Enterprise Value (EV) (M) 2,982.53
Shares Outstanding ((M)) 69.20
EPS ( Riyal) (TTM) (0.01)
Book Value (BV) ( Riyal) 52.14
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 0.73
Return on Average Assets (%) (TTM) (0.01 )
Return on Average Equity (%) (TTM) (0.02 )
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Share Price

Alujain Corp.
38.20
(0.20) (0.52 %)

Alujain Corp. (ALUJAIN)

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