Tihama widens loss to SAR 74.7 mln for FY2020/21

Tihama widens loss to SAR 74.7 mln for FY2020/21

30/06/2021 Argaam Exclusive

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Tihama Advertising and Public Relations Co. widened net loss after Zakat and tax to SAR 74.7 million for the fiscal year ended March 31, 2021, compared to net loss of SAR 25.6 million in year-earlier period. 

 

The losses were driven by lower gross profit of business segments and a decline in the company’s revenue due to the COVID-19 outbreak. 

  

The company also cited higher expenses related to the capital increase and lower profit share from associates. 

 

In Q4 2020/21, net losses stood at SAR 43 million.  

 

Accumulated losses reached SAR 115.96 million, or 66.3% of capital as of March 31, 2021. 



Financials (M)

Item 2019 2020 Change‬
Revenues 96.81 73.25 (24.3 %)
Gross Income 30.20 10.63 (64.8 %)
Operating Income (36.15) (55.35) (53.1 %)
Net Income (25.59) (72.18) (182.0 %)
Average Shares 17.01 18.90 11.1 %
EPS (Riyals) (1.51) (3.82) (153.7 %)


Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 24.48 17.95 (26.7 %)
Gross Income 5.12 (0.03) (100.6 %)
Operating Income (20.40) (25.32) (24.1 %)
Net Income (12.69) (40.51) (219.3 %)
Average Shares 17.01 18.90 11.1 %
EPS (Riyals) (0.75) (2.14) (187.3 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2011 35.79 44.8 % 6.95 (20.2 %) (6.59) (1193.2 %)
Q2 2011 47.14 (24.6 %) 16.21 32.5 % 4.20 178.9 %
Q3 2011 38.75 (11.1 %) 8.81 (23.8 %) (3.01) (214.2 %)
Q4 2011 35.05 (3.1 %) 17.99 15.8 % 6.48 568.7 %
Q1 2012 24.37 (31.9 %) 8.19 17.8 % (0.40) 93.9 %
Q2 2012 44.18 (6.3 %) 8.86 (45.3 %) (1.21) (128.8 %)
Q3 2012 35.41 (8.6 %) 5.82 (34.0 %) (4.89) (62.5 %)
Q4 2012 33.42 (4.7 %) 4.58 (74.5 %) (9.43) (245.6 %)
Q1 2013 20.10 (17.5 %) (3.05) (137.3 %) (15.45) (3,751.6 %)
Q2 2013 38.27 (13.4 %) 0.04 (99.5 %) (12.07) (897.4 %)
Q3 2013 32.62 (7.9 %) (1.64) (128.2 %) (17.30) (253.7 %)
Q4 2013 21.41 (35.9 %) (3.27) (171.3 %) (13.99) (48.3 %)
Q1 2014 12.95 (35.6 %) (3.83) (25.3 %) (14.60) 5.5 %
Q2 2014 40.57 6.0 % 6.51 15030.2 % (3.08) 74.4 %
Q3 2014 26.65 (18.3 %) (4.86) (195.7 %) (24.54) (41.9 %)
Q4 2014 24.16 12.8 % 10.81 430.9 % (3.23) 76.9 %
Q1 2015 14.28 10.2 % (5.55) (45.0 %) (13.24) 9.3 %
Q2 2015 26.04 (35.8 %) (4.73) (172.7 %) (19.42) (529.5 %)
Q3 2015 38.78 45.5 % 2.29 147.0 % (5.65) 77.0 %
Q4 2015 23.54 (2.6 %) 2.23 (79.3 %) (6.79) (110.0 %)
Q1 2016 13.43 (6.0 %) (4.66) 15.9 % (12.17) 8.1 %
Q2 2016 27.33 4.9 % 3.26 168.9 % (3.71) 80.9 %
Q3 2016 26.11 (32.7 %) (0.81) (135.6 %) (9.15) (62.0 %)
Q4 2016 19.78 (16.0 %) (2.86) (228.2 %) (13.82) (103.7 %)
Q1 2017 13.95 3.9 % 4.22 190.4 % (4.42) 63.7 %
Q2 2017 15.21 (44.4 %) 8.06 147.1 % (4.36) (17.4 %)
Q3 2017 28.77 10.2 % 11.82 1552.5 % 0.12 101.3 %
Q4 2017 13.63 (31.1 %) 6.36 322.2 % (4.90) 64.6 %
Q1 2018 14.00 0.4 % 8.22 94.9 % 0.17 103.8 %
Q2 2018 13.50 (11.2 %) 5.17 (35.8 %) (4.21) 3.4 %
Q3 2018 38.81 34.9 % 13.14 11.2 % 1.88 1483.2 %
Q4 2018 14.34 5.2 % 2.92 (54.1 %) (8.96) (82.9 %)
Q1 2019 14.95 6.8 % 7.00 (14.7 %) (4.45) (2733.7 %)
Q2 2019 40.07 196.8 % 13.94 169.4 % 0.37 108.7 %
Q3 2019 17.32 (55.4 %) 4.14 (68.5 %) (11.66) (719.1 %)
Q4 2019 24.48 70.7 % 5.12 75.3 % (20.40) (127.8 %)
Q1 2020 21.55 44.2 % 4.91 (29.9 %) (5.46) (22.6 %)
Q2 2020 21.42 (46.5 %) 3.48 (75.1 %) (8.37) (2392.6 %)
Q3 2020 12.33 (28.8 %) 2.28 (44.9 %) (16.21) (38.9 %)
Q4 2020 17.95 (26.7 %) (0.03) (100.6 %) (25.32) (24.1 %)
2020 73.25 (24.3 %) 10.63 (64.8 %) (55.35) (53.1 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2011 (2.67) (139.3 %) (0.16) - (2.67) (0.16)
Q2 2011 8.46 91.2 % 0.50 - 8.46 0.50
Q3 2011 (1.74) (120.8 %) (0.10) - (1.74) (0.10)
Q4 2011 13.09 220.7 % 0.77 6.52 6.58 0.39
Q1 2012 1.65 161.7 % 0.10 - 1.65 0.10
Q2 2012 2.85 (66.3 %) 0.17 - 2.85 0.17
Q3 2012 (2.44) (40.3 %) (0.14) - (2.44) (0.14)
Q4 2012 (1.11) (108.5 %) (0.07) - (1.11) (0.07)
Q1 2013 (13.85) (939.5 %) (0.81) - (13.85) (0.81)
Q2 2013 (11.68) (510.1 %) (0.69) - (11.68) (0.69)
Q3 2013 (15.27) (525.6 %) (0.90) - (15.27) (0.90)
Q4 2013 (11.75) (960.1 %) (0.69) - (11.75) (0.69)
Q1 2014 (14.93) (7.7 %) (0.88) - (14.93) (0.88)
Q2 2014 (3.07) 73.8 % (0.18) - (3.07) (0.18)
Q3 2014 (24.42) (59.9 %) (1.44) - (24.42) (1.44)
Q4 2014 1.27 110.8 % 0.07 - 1.27 0.07
Q1 2015 (11.45) 23.3 % (0.67) - (11.45) (0.67)
Q2 2015 (29.29) (855.6 %) (1.72) (10.94) (18.35) (1.08)
Q3 2015 11.54 147.2 % 0.68 18.00 (6.47) (0.38)
Q4 2015 (9.73) (864.1 %) (0.57) - (9.73) (0.57)
Q1 2016 (10.23) 10.6 % (0.60) - (10.23) (0.60)
Q2 2016 (3.09) 89.5 % (0.18) - (3.09) (0.18)
Q3 2016 (7.60) (165.9 %) (0.45) - (7.60) (0.45)
Q4 2016 (6.99) 28.2 % (0.41) - (6.99) (0.41)
Q1 2017 1.82 117.8 % 0.11 - 1.82 0.11
Q2 2017 2.22 171.8 % 0.13 1.07 1.15 0.07
Q3 2017 0.73 109.5 % 0.04 - 0.73 0.04
Q4 2017 (1.56) 77.7 % (0.09) - (1.56) (0.09)
Q1 2018 1.00 (45.1 %) 0.06 - 1.00 0.06
Q2 2018 0.53 (76.1 %) 0.03 - 0.53 0.03
Q3 2018 1.97 171.8 % 0.12 3.82 (1.85) (0.11)
Q4 2018 1.67 207.1 % 0.10 - 1.67 0.10
Q1 2019 1.18 17.7 % 0.07 7.21 (6.04) (0.36)
Q2 2019 0.63 18.7 % 0.04 1.11 (0.48) (0.03)
Q3 2019 (14.71) (845.6 %) (0.87) (2.53) (12.18) (0.72)
Q4 2019 (12.69) (860.2 %) (0.75) 1.93 (14.62) (0.86)
Q1 2020 (3.10) (363.3 %) (0.18) 0.55 (3.65) (0.21)
Q2 2020 (13.95) (2318.4 %) (0.74) (2.77) (11.18) (0.59)
Q3 2020 (14.62) 0.6 % (0.77) 3.09 (17.71) (0.94)
Q4 2020 (40.51) (219.3 %) (2.14) (7.96) (32.56) (1.72)
2020 (72.18) (182.0 %) (3.82) (7.09) (65.09) (3.44)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 25.99 % (0.87 %) 2.06 %
Q2 2011 30.89 % (0.61 %) 4.73 %
Q3 2011 30.09 % (0.81 %) (1.52 %)
Q4 2011 31.87 % 4.41 % 6.77 %
Q1 2012 35.23 % 9.88 % 10.28 %
Q2 2012 30.80 % 6.73 % 6.56 %
Q3 2012 29.39 % 9.03 % 6.21 %
Q4 2012 19.98 % 1.89 % 0.69 %
Q1 2013 12.18 % (9.78 %) (10.93 %)
Q2 2013 5.81 % (18.83 %) (22.86 %)
Q3 2013 (0.06 %) (32.70 %) (33.69 %)
Q4 2013 (7.05 %) (44.71 %) (46.75 %)
Q1 2014 (8.26 %) (47.03 %) (50.95 %)
Q2 2014 (2.07 %) (37.46 %) (41.85 %)
Q3 2014 (5.36 %) (46.76 %) (53.32 %)
Q4 2014 8.27 % (35.27 %) (39.43 %)
Q1 2015 6.54 % (32.20 %) (35.65 %)
Q2 2015 (4.75 %) (53.85 %) (58.11 %)
Q3 2015 2.73 % (27.12 %) (33.89 %)
Q4 2015 (5.61 %) (28.92 %) (44.82 %)
Q1 2016 (4.79 %) (29.04 %) (44.00 %)
Q2 2016 3.02 % (14.41 %) (28.64 %)
Q3 2016 0.02 % (21.68 %) (33.91 %)
Q4 2016 (5.86 %) (28.55 %) (32.21 %)
Q1 2017 4.36 % (20.18 %) (18.19 %)
Q2 2017 11.46 % (25.68 %) (15.49 %)
Q3 2017 27.33 % (14.90 %) (4.24 %)
Q4 2017 42.57 % 2.59 % 2.98 %
Q1 2018 48.13 % 12.31 % 1.83 %
Q2 2018 45.17 % 16.74 % 1.00 %
Q3 2018 41.15 % 20.14 % (2.35 %)
Q4 2018 36.52 % 9.55 % 1.68 %
Q1 2019 34.61 % 4.24 % (6.97 %)
Q2 2019 34.21 % 8.06 % (6.19 %)
Q3 2019 32.30 % (4.13 %) (19.65 %)
Q4 2019 31.19 % (13.20 %) (34.41 %)
Q1 2020 27.17 % (12.24 %) (29.90 %)
Q2 2020 20.81 % (24.52 %) (49.10 %)
Q3 2020 19.78 % (31.46 %) (59.10 %)
Q4 2020 14.52 % (48.54 %) (88.86 %)
2020 14.52 % (48.54 %) (88.86 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 17.01 0.83 0.22 14.59
Q2 2011 17.01 1.07 0.45 13.41
Q3 2011 17.01 0.48 (0.14) 13.31
Q4 2011 17.01 1.01 0.62 13.93
Q1 2012 17.01 1.26 0.88 14.03
Q2 2012 17.01 0.93 0.55 14.20
Q3 2012 17.01 0.89 0.51 14.06
Q4 2012 17.01 0.06 0.06 13.92
Q1 2013 17.01 (0.86) (0.86) 13.11
Q2 2013 17.01 (1.71) (1.71) 12.42
Q3 2013 17.01 (2.46) (2.46) 11.52
Q4 2013 17.01 (3.09) (3.09) 10.78
Q1 2014 17.01 (3.15) (3.15) 9.90
Q2 2014 17.01 (2.65) (2.65) 9.72
Q3 2014 17.01 (3.18) (3.18) 8.29
Q4 2014 17.01 (2.42) (2.42) 8.36
Q1 2015 17.01 (2.22) (2.22) 7.69
Q2 2015 17.01 (3.76) (3.11) 5.97
Q3 2015 17.01 (1.64) (2.06) 6.65
Q4 2015 17.01 (2.29) (2.71) 6.07
Q1 2016 17.01 (2.22) (2.63) 5.44
Q2 2016 17.01 (0.68) (1.74) 4.10
Q3 2016 17.01 (1.80) (1.80) 3.65
Q4 2016 17.01 (1.64) (1.64) 2.96
Q1 2017 17.01 (0.93) (0.93) 3.07
Q2 2017 17.01 (0.62) (0.68) 3.45
Q3 2017 17.01 (0.13) (0.19) 3.50
Q4 2017 17.01 0.19 0.13 3.38
Q1 2018 17.01 0.14 0.08 3.45
Q2 2018 17.01 0.04 0.04 3.48
Q3 2018 17.01 0.11 (0.11) 3.60
Q4 2018 17.01 0.30 0.08 3.73
Q1 2019 17.01 0.31 (0.33) 3.80
Q2 2019 17.01 0.32 (0.39) 3.33
Q3 2019 17.01 (0.66) (1.00) 3.16
Q4 2019 17.01 (1.51) (1.96) 2.10
Q1 2020 17.01 (1.76) (1.82) 1.65
Q2 2020 18.90 (2.35) (2.20) 6.27
Q3 2020 18.90 (2.35) (2.49) 5.50
Q4 2020 18.90 (3.82) (3.44) 2.34

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 82.98 More than 100 4.75
Q2 2011 99.04 More than 100 7.91
Q3 2011 More than 100 NEG 12.91
Q4 2011 More than 100 More than 100 14.09
Q1 2012 More than 100 More than 100 13.62
Q2 2012 More than 100 More than 100 14.16
Q3 2012 More than 100 More than 100 15.44
Q4 2012 More than 100 More than 100 16.15
Q1 2013 NEG NEG 17.36
Q2 2013 NEG NEG 21.47
Q3 2013 NEG NEG 21.71
Q4 2013 NEG NEG 27.01
Q1 2014 NEG NEG 54.06
Q2 2014 NEG NEG 26.54
Q3 2014 NEG NEG 31.88
Q4 2014 NEG NEG 28.72
Q1 2015 NEG NEG 31.09
Q2 2015 NEG NEG 43.89
Q3 2015 NEG NEG 14.16
Q4 2015 NEG NEG 13.03
Q1 2016 NEG NEG 17.36
Q2 2016 NEG NEG 20.56
Q3 2016 NEG NEG 18.64
Q4 2016 NEG NEG 30.47
Q1 2017 NEG NEG 18.83
Q2 2017 NEG NEG 12.20
Q3 2017 NEG NEG 17.64
Q4 2017 More than 100 More than 100 18.76
Q1 2018 More than 100 More than 100 16.75
Q2 2018 More than 100 More than 100 19.10
Q3 2018 More than 100 NEG 14.85
Q4 2018 More than 100 More than 100 15.84
Q1 2019 More than 100 NEG 14.94
Q2 2019 More than 100 NEG 15.60
Q3 2019 NEG NEG 16.11
Q4 2019 NEG NEG 22.67
Q1 2020 NEG NEG 20.52
Q2 2020 NEG NEG 5.52
Q3 2020 NEG NEG 21.74
Q4 2020 NEG NEG 43.30

Business Segments (Million)

Compared With The
Period Trading & Distribution Services Production Advertising Sector Library Sector Advertising and distribution sector Public administration & Investments sector Eliminations
Q1 2011 - - - 8.75 27.05 - -
Q2 2011 - - - 2.46 44.68 - -
Q3 2011 - - - 6.34 32.41 - -
Q4 2011 - - - 7.87 27.18 - -
Q1 2012 - - - 4.12 20.25 - -
Q2 2012 - - - 9.20 34.99 - -
Q3 2012 - - - 5.23 30.18 - -
Q4 2012 - - - 5.60 27.83 - -
Q1 2013 - - - 2.19 17.92 - -
Q2 2013 - - - 9.86 28.41 - -
Q3 2013 - - - 5.99 26.64 - -
Q4 2013 - - - 3.44 17.97 - -
Q1 2014 - - - 3.07 9.88 - -
Q2 2014 - - - 8.78 31.79 - -
Q3 2014 - - - 3.35 23.30 - -
Q4 2014 - - - 2.99 21.17 - -
Q1 2015 - - - 1.02 13.26 - -
Q2 2015 - - - 3.80 22.24 - -
Q3 2015 - - - 1.92 36.86 - -
Q4 2015 - - - 1.31 22.23 - -
Q1 2016 0.09 - 12.56 0.77 - - -
Q2 2016 11.60 - 14.23 1.50 - - -
Q3 2016 11.21 - 12.88 2.01 - - -
Q4 2016 - - - 0.42 19.36 - -
Q1 2017 0.10 - 13.42 0.43 - - -
Q2 2017 1.22 - 11.43 2.55 - - -
Q3 2017 15.80 - 10.64 1.82 - - -
Q4 2017 2.99 - 10.40 0.75 - - -
Q1 2018 0.12 - 13.40 0.47 - - -
Q2 2018 1.11 - 11.07 1.32 - - -
Q3 2018 26.38 - 11.50 0.94 - - -
Q4 2018 0.16 - 13.15 1.02 - - -
Q1 2019 0.15 - 14.18 0.61 - - -
Q2 2019 26.58 - 6.50 6.98 - - -
Q3 2019 1.30 - 5.94 10.08 - - -
Q4 2019 0.30 - 16.46 7.72 - - -
Q1 2020 12.27 - 8.12 1.17 - - -
Q2 2020 14.05 - 3.89 3.48 - - -
Q3 2020 1.92 - 6.07 4.33 - - -


Financial Ratios
Current
Market Cap (M Riyal) 613.60
Enterprise Value (EV) (M) 396.89
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) (1.07)
Book Value (BV) ( Riyal) 5.18
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.96
Return on Average Assets (%) (TTM) (9.94 )
Return on Average Equity (%) (TTM) (18.94 )
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Share Price

Tihama Advertising and Public Relations Co.
15.34
0.22 1.46 %

Tihama Advertising and Public Relations Co. (TAPRCO)

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