MOBI posts 7% decline in 2021 net profit to SAR 16.1 mln

30/03/2022 Argaam Exclusive

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National Fertilizer Co. (MOBI) posted a 7% drop in its net profit after Zakat and tax to SAR 16.1 million for 2021, compared to SAR 17.4 million a year earlier.

Financials (M)

Item	2020	2021	Change‬
Revenues	180.43	170.38	(5.6 %)
Gross Income	57.07	46.89	(17.8 %)
Operating Income	17.84	16.82	(5.7 %)
Net Income	17.38	16.13	(7.2 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.35	0.32	(7.2 %)

The lower profit was attributed to higher costs of raw materials and shipping rates, in addition to an increase in the company’s promotions to gain a better market share.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2020	H2 2021	Change‬
Revenues	84.40	83.48	(1.1 %)
Gross Income	25.73	19.45	(24.4 %)
Operating Income	6.49	4.46	(31.3 %)
Net Income	6.33	3.92	(38.0 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.13	0.08	(38.0 %)

Item	H1 2021	H2 2021	Change‬
Revenues	86.90	83.48	(3.9 %)
Gross Income	27.44	19.45	(29.1 %)
Operating Income	12.35	4.46	(63.9 %)
Net Income	12.21	3.92	(67.9 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.24	0.08	(67.9 %)

Shareholders’ equity, after minority interest, grew by 8.6% to SAR 64.260 million as of Dec. 31, 2021, from SAR 59.194 million a year earlier

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	138.52	-	36.09	-	9.07	-
H1 2019	78.28	-	25.29	-	10.15	-
H2 2019	76.73	-	22.34	-	7.57	-
2019	155.01	11.9 %	47.63	32.0 %	17.72	95.4 %
H1 2020	96.03	22.7 %	31.35	23.9 %	11.35	11.8 %
H2 2020	84.40	10.0 %	25.73	15.2 %	6.49	(14.2 %)
2020	180.43	16.4 %	57.07	19.8 %	17.84	0.7 %
H1 2021	86.90	(9.5 %)	27.44	(12.5 %)	12.35	8.9 %
H2 2021	83.48	(1.1 %)	19.45	(24.4 %)	4.46	(31.3 %)
2021	170.38	(5.6 %)	46.89	(17.8 %)	16.82	(5.7 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	138.52	-	36.09	-	9.07	-
2019	155.01	11.9 %	47.63	32.0 %	17.72	95.4 %
2020	180.43	16.4 %	57.07	19.8 %	17.84	0.7 %
2021	170.38	(5.6 %)	46.89	(17.8 %)	16.82	(5.7 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	6.40	-	0.13	-	6.40	0.13
H1 2019	8.56	-	0.17	-	8.56	0.17
H2 2019	1.76	-	0.04	(4.83)	6.59	0.13
2019	10.32	61.2 %	0.21	(4.83)	15.15	0.30
H1 2020	11.05	29.1 %	0.22	-	11.05	0.22
H2 2020	6.33	259.3 %	0.13	-	6.33	0.13
2020	17.38	68.4 %	0.35	-	17.38	0.35
H1 2021	12.21	10.4 %	0.24	-	12.21	0.24
H2 2021	3.92	(38.0 %)	0.08	-	3.92	0.08
2021	16.13	(7.2 %)	0.32	-	16.13	0.32

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	6.40	-	0.13	-	6.40	0.13
2019	10.32	61.2 %	0.21	(4.83)	15.15	0.30
2020	17.38	68.4 %	0.35	-	17.38	0.35
2021	16.13	(7.2 %)	0.32	-	16.13	0.32

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2012	-	-	-
H2 2012	-	-	-
2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
2018	26.06 %	9.96 %	4.62 %
H1 2019	-	-	-
H2 2019	30.73 %	-	9.77 %
2019	30.73 %	14.91 %	9.77 %
H1 2020	31.08 %	12.61 %	10.21 %
H2 2020	31.63 %	12.83 %	9.63 %
2020	31.63 %	12.83 %	9.63 %
H1 2021	31.03 %	12.52 %	10.82 %
H2 2021	27.52 %	11.50 %	9.47 %
2021	27.52 %	11.50 %	9.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	26.06 %	9.96 %	4.62 %
2019	30.73 %	14.91 %	9.77 %
2020	31.63 %	12.83 %	9.63 %
2021	27.52 %	11.50 %	9.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2012	-	-	-
H2 2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	32.31 %	-	10.94 %
H2 2019	29.12 %	-	8.59 %
H1 2020	32.64 %	14.80 %	11.51 %
H2 2020	30.48 %	10.60 %	7.50 %
H1 2021	31.57 %	14.39 %	14.05 %
H2 2021	23.30 %	8.50 %	4.70 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2012	-	-	-	-
H2 2012	-	-	-	-
H1 2013	-	-	-	-
H2 2013	-	-	-	-
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	50.00	-	-	-
H2 2019	50.00	0.21	0.30	1.29
H1 2020	50.00	0.26	0.35	1.37
H2 2020	50.00	0.35	0.35	1.18
H1 2021	50.00	0.37	0.37	1.33
H2 2021	50.00	0.32	0.32	1.29

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	50.00	0.13	0.13	1.36
2019	50.00	0.21	0.30	1.29
2020	50.00	0.35	0.35	1.18
2021	50.00	0.32	0.32	1.29

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2012	-	-	-
H2 2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	-	-	-
H2 2021	41.17	41.17	10.33

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	41.17	41.17	10.33

Business Segments (Million)

Compared With The

Period	Detergents	Fertilizer	Agricultural Activity	Food sector	Plastic	Eliminations
Q2 2020	71.38	11.85	8.75	4.04	-	-
Q4 2020	67.09	8.02	5.29	6.29	-	(2.30)
Q2 2021	76.28	10.62	-	-	-	-
Q4 2021	68.57	14.91	-	-	-	-

Period	Detergents	Fertilizer	Agricultural Activity	Food sector	Plastic	Eliminations
2018	88.82	24.98	23.28	-	1.44	-
2019	108.24	18.52	18.35	11.74	0.91	(2.76)
2020	138.47	19.87	14.05	10.33	-	(2.30)
2021	144.84	25.53	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	762.00
Enterprise Value (EV) (M)	759.65
Shares Outstanding ((M))	50.00
Book Value (BV) ( Riyal)	1.31
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	25.11
Price/book	11.63

MOBI Industry Co. (MOBI INDUSTRY)

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MOBI posts 7% decline in 2021 net profit to SAR 16.1 mln

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Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2021 Q4

Financial Ratios

Share Price

MOBI Industry Co. (MOBI INDUSTRY)

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MOBI posts 7% decline in 2021 net profit to SAR 16.1 mln

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2021

Revenue by Business Segment (Latest) 2021 Q4

Financial Ratios

Share Price

MOBI Industry Co. (MOBI INDUSTRY)

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Business Segments (Million)