Umm Al-Qura Cement posts 40% profit decline in Q1

Umm Al-Qura Cement posts 40% profit decline in Q1

03/05/2018 Argaam Exclusive

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Umm Al-Qura Cement Company reported a net profit of SAR 10.17 million for the first quarter of 2018, a 40.24 percent year-on-year (YoY) slump on lower gross profit, decreased selling prices, fierce competition, higher cost of sales, and increased cost of financing.

Compared to the previous quarter, Q1 net earnings tumbled 71 percent, due to recording one-off revenue in Q4 2017.



Current Quarter Comparison (M)

Compared With The
Item Q1 2017 Q1 2018 Change‬
Revenues 51.70 56.54 9.4 %
Gross Income 24.49 20.28 (17.2 %)
Operating Income 22.12 16.18 (26.8 %)
Net Income 17.02 10.17 (40.2 %)
Average Shares 55.00 55.00 -
EPS (Riyals) 0.31 0.18 (40.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2009 - - - - - -
Q2 2009 - - - - - -
Q3 2009 - - - - - -
Q4 2009 - - - - - -
Q1 2010 - - - - - -
Q2 2010 - - - - - -
Q3 2010 - - - - - -
Q4 2010 - - - - - -
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - (3.42) -
Q2 2014 - - - - (3.27) -
Q3 2014 - - - - (6.90) -
Q4 2014 - - - - (3.72) -
Q1 2015 - - - - (3.65) (6.5 %)
Q2 2015 - - - - (3.00) 8.4 %
Q3 2015 - - - - (3.17) 54.1 %
Q4 2015 - - - - (5.35) (43.9 %)
Q1 2016 - - - - (3.52) 3.4 %
Q2 2016 - - - - (3.87) (29.2 %)
Q3 2016 0.43 - 0.26 - (3.91) (23.4 %)
Q4 2016 39.62 - 11.68 - 7.91 247.9 %
Q1 2017 51.70 - 24.49 - 22.12 728.0 %
Q2 2017 38.91 - 16.55 - 13.99 461.3 %
Q3 2017 44.09 10176.9 % 14.30 5487.1 % 10.62 371.3 %
Q4 2017 58.54 47.8 % 16.54 41.5 % 13.59 71.9 %
Q1 2018 56.54 9.4 % 20.28 (17.2 %) 16.18 (26.8 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2009 - - - - - -
Q2 2009 - - - - - -
Q3 2009 - - - - - -
Q4 2009 - - - - - -
Q1 2010 - - - - - -
Q2 2010 - - - - - -
Q3 2010 - - - - - -
Q4 2010 - - - - - -
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 (3.42) - (0.06) - (3.42) (0.06)
Q2 2014 (11.74) - (0.21) (8.47) (3.27) (0.06)
Q3 2014 (6.90) - (0.13) - (6.90) (0.13)
Q4 2014 (3.72) - (0.07) - (3.72) (0.07)
Q1 2015 (4.72) (37.8 %) (0.09) - (4.72) (0.09)
Q2 2015 (7.62) 35.1 % (0.14) - (7.62) (0.14)
Q3 2015 (1.73) 74.9 % (0.03) - (1.73) (0.03)
Q4 2015 (10.00) (169.1 %) (0.18) - (10.00) (0.18)
Q1 2016 (3.65) 22.5 % (0.07) - (3.65) (0.07)
Q2 2016 (4.35) 42.9 % (0.08) - (4.35) (0.08)
Q3 2016 (4.28) (146.8 %) (0.08) - (4.28) (0.08)
Q4 2016 1.85 118.5 % 0.03 (3.85) 5.70 0.10
Q1 2017 17.02 565.9 % 0.31 - 17.02 0.31
Q2 2017 8.46 294.5 % 0.15 - 8.46 0.15
Q3 2017 5.11 219.4 % 0.09 - 5.11 0.09
Q4 2017 35.11 1797.9 % 0.64 28.11 7.01 0.13
Q1 2018 10.17 (40.2 %) 0.18 - 10.17 0.18

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 59.67 % (3587.65 %) (5194.17 %)
Q4 2016 29.82 % 27.15 % (16.43 %)
Q1 2017 39.70 % 53.18 % 15.37 %
Q2 2017 40.55 % 60.88 % 20.59 %
Q3 2017 38.45 % 60.77 % 20.82 %
Q4 2017 37.19 % 58.90 % 19.46 %
Q1 2018 34.16 % 54.92 % 15.52 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 55.00 - - -
Q2 2014 55.00 - - 9.59
Q3 2014 55.00 - - 9.47
Q4 2014 55.00 (0.47) (0.31) 9.49
Q1 2015 55.00 (0.49) (0.34) 9.41
Q2 2015 55.00 (0.42) (0.42) 9.27
Q3 2015 55.00 (0.32) (0.32) 9.24
Q4 2015 55.00 (0.44) (0.44) 9.14
Q1 2016 55.00 (0.42) (0.42) 9.08
Q2 2016 55.00 (0.36) (0.36) 9.00
Q3 2016 55.00 (0.41) (0.41) 8.92
Q4 2016 55.00 (0.19) (0.12) 8.95
Q1 2017 55.00 0.19 0.26 9.26
Q2 2017 55.00 0.42 0.49 9.41
Q3 2017 55.00 0.59 0.66 9.51
Q4 2017 55.00 1.19 0.68 10.15
Q1 2018 55.00 1.07 0.56 10.33

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - 3.56
Q3 2014 - - 4.89
Q4 2014 NEG NEG 3.85
Q1 2015 NEG NEG 4.44
Q2 2015 NEG NEG 4.26
Q3 2015 NEG NEG 3.36
Q4 2015 NEG NEG 2.97
Q1 2016 NEG NEG 2.76
Q2 2016 NEG NEG 2.65
Q3 2016 NEG NEG 1.80
Q4 2016 NEG NEG 2.00
Q1 2017 More than 100 74.48 2.06
Q2 2017 43.72 37.47 1.95
Q3 2017 28.50 25.48 1.77
Q4 2017 14.07 24.59 1.66
Q1 2018 14.92 28.55 1.54

Analysts Estimates (Million)

Item Q1 2018 (e) Q1 2018 (a) Change‬
Average 7.90 10.17 28.78 %

Estimates vs Actual (Million)

Item Q1 2018 (e) Q1 2018 (a) Change
OSOOL AND BAKHEET 7.90 10.17 28.8 %


Financial Ratios
Current
Market Cap (M Riyal) 983.40
Enterprise Value (EV) (M) 1,239.90
Shares Outstanding ((M)) 55.00
EPS ( Riyal) (TTM) 0.62
Book Value (BV) ( Riyal) 14.66
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.96
P/E (TTM) 28.96
Price/book 1.22
Return on Average Assets (%) (TTM) 2.9
Return on Average Equity (%) (TTM) 4.3
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Share Price

Umm Al-Qura Cement Co.
17.90
0.02 0.11 %

Umm Al-Qura Cement Co. (UACC)

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