Electrical Industries profit surges to SAR 7 mln in Q1 2021

Electrical Industries profit surges to SAR 7 mln in Q1 2021

04/05/2021 Argaam Exclusive

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Electrical Industries Co. (EIC) reported a net profit after Zakat and tax of SAR 7 million for Q1 2021, compared to SAR 848,000 a year earlier.

 

The higher earnings were driven by higher sales and a decline in financial expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 139.50 167.83 20.3 %
Gross Income 24.99 31.41 25.7 %
Operating Income 7.70 11.45 48.6 %
Net Income 0.85 6.96 720.6 %
Average Shares 1,125.00 1,125.00 -
EPS (Halala) 0.08 0.62 720.6 %

When compared to the previous quarter, net profit in Q1 2021 fell 75% from SAR 27.9 million due to lower sales.

 

Shareholders’ equity, excluding minority interest, rose 3.6% to SAR 572.68 million by the end of Q1 2021, compared to SAR 552.83 million in the year-ago period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 305.08 - 75.09 - 54.71 -
Q2 2013 338.91 - 53.30 - 32.19 -
Q3 2013 269.85 - 44.06 - 26.29 -
Q4 2013 371.41 - 93.81 - 67.98 -
Q1 2014 346.75 13.7 % 79.63 6.0 % 55.64 1.7 %
Q2 2014 305.29 (9.9 %) 72.48 36.0 % 50.89 58.1 %
Q3 2014 164.51 (39.0 %) 32.38 (26.5 %) 15.64 (40.5 %)
Q4 2014 230.30 (38.0 %) 67.16 (28.4 %) 50.16 (26.2 %)
Q1 2015 200.41 (42.2 %) 39.30 (50.6 %) 22.74 (59.1 %)
Q2 2015 196.60 (35.6 %) 38.45 (47.0 %) 23.49 (53.8 %)
Q3 2015 191.27 16.3 % 32.86 1.5 % 14.23 (9.0 %)
Q4 2015 240.95 4.6 % 33.81 (49.7 %) 12.70 (74.7 %)
Q1 2016 220.84 10.2 % 35.73 (9.1 %) 15.08 (33.7 %)
Q2 2016 233.85 18.9 % 28.90 (24.8 %) 8.46 (64.0 %)
Q3 2016 206.32 7.9 % 36.91 12.4 % 15.59 9.6 %
Q4 2016 223.75 (7.1 %) 40.73 20.5 % 24.20 90.5 %
Q1 2017 189.11 (14.4 %) 38.17 6.8 % 13.10 (13.2 %)
Q2 2017 230.29 (1.5 %) 41.52 43.7 % 17.21 103.3 %
Q3 2017 227.39 10.2 % 39.15 6.1 % 13.11 (15.9 %)
Q4 2017 223.03 (0.3 %) 42.33 3.9 % 23.83 (1.6 %)
Q1 2018 184.85 (2.3 %) 35.27 (7.6 %) 14.66 11.9 %
Q2 2018 156.53 (32.0 %) 22.49 (45.8 %) 6.33 (63.2 %)
Q3 2018 174.10 (23.4 %) 30.91 (21.1 %) 8.78 (33.0 %)
Q4 2018 190.41 (14.6 %) 13.80 (67.4 %) 0.01 (100.0 %)
Q1 2019 106.18 (42.6 %) 18.98 (46.2 %) 1.56 (89.4 %)
Q2 2019 154.50 (1.3 %) 19.44 (13.6 %) 1.15 (81.8 %)
Q3 2019 132.80 (23.7 %) 22.03 (28.7 %) 7.01 (20.2 %)
Q4 2019 184.08 (3.3 %) 11.97 (13.3 %) (6.59) (73333.3 %)
Q1 2020 139.50 31.4 % 24.99 31.7 % 7.70 393.4 %
Q2 2020 109.64 (29.0 %) 8.92 (54.1 %) (7.76) (773.8 %)
Q3 2020 148.07 11.5 % 24.81 12.6 % 10.69 52.6 %
Q4 2020 251.48 36.6 % 52.79 341.1 % 33.65 610.5 %
Q1 2021 167.83 20.3 % 31.41 25.7 % 11.45 48.6 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 50.37 - 4.48 - 50.37 0.04
Q2 2013 27.13 - 2.41 - 27.13 0.02
Q3 2013 22.35 - 1.99 - 22.35 0.02
Q4 2013 66.11 - 5.88 - 66.11 0.06
Q1 2014 55.49 10.2 % 4.93 0.71 54.78 0.05
Q2 2014 44.67 64.7 % 3.97 2.28 42.39 0.04
Q3 2014 12.71 (43.1 %) 1.13 (9.26) 21.97 0.02
Q4 2014 58.99 (10.8 %) 5.24 12.90 46.09 0.04
Q1 2015 28.79 (48.1 %) 2.56 6.58 22.22 0.02
Q2 2015 19.96 (55.3 %) 1.77 2.96 17.00 0.02
Q3 2015 9.47 (25.5 %) 0.84 (0.27) 9.74 0.01
Q4 2015 12.14 (79.4 %) 1.08 1.50 10.64 0.01
Q1 2016 9.44 (67.2 %) 0.84 - 9.44 0.01
Q2 2016 9.78 (51.0 %) 0.87 - 9.78 0.01
Q3 2016 10.49 10.8 % 0.93 - 10.49 0.01
Q4 2016 19.67 62.0 % 1.75 - 19.67 0.02
Q1 2017 10.65 12.7 % 0.95 - 10.65 0.01
Q2 2017 10.92 11.7 % 0.97 - 10.92 0.01
Q3 2017 11.44 9.1 % 1.02 - 11.44 0.01
Q4 2017 24.32 23.6 % 2.16 - 24.32 0.02
Q1 2018 11.01 3.4 % 0.98 - 11.01 0.01
Q2 2018 1.94 (82.3 %) 0.17 - 1.94 0.00
Q3 2018 4.32 (62.3 %) 0.38 - 4.32 0.00
Q4 2018 (10.14) (141.7 %) (0.90) (7.80) (2.34) 0.00
Q1 2019 (4.16) (137.8 %) (0.37) - (4.16) 0.00
Q2 2019 (1.72) (188.8 %) (0.15) - (1.72) 0.00
Q3 2019 (1.50) (134.8 %) (0.13) - (1.50) 0.00
Q4 2019 (32.81) (223.4 %) (2.92) (21.70) (11.11) (0.01)
Q1 2020 0.85 120.4 % 0.08 (2.40) 3.25 0.00
Q2 2020 (11.58) (572.6 %) (1.03) - (11.58) (0.01)
Q3 2020 6.77 550.8 % 0.60 - 6.77 0.01
Q4 2020 27.88 185.0 % 2.48 - 27.88 0.02
Q1 2021 6.96 720.6 % 0.62 - 6.96 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 20.72 % 15.68 % 12.91 %
Q1 2014 20.41 % 15.37 % 12.84 %
Q2 2014 22.42 % 17.41 % 14.35 %
Q3 2014 23.43 % 17.69 % 15.59 %
Q4 2014 24.04 % 18.85 % 15.78 %
Q1 2015 23.47 % 18.36 % 14.73 %
Q2 2015 22.39 % 17.56 % 13.55 %
Q3 2015 21.72 % 16.86 % 11.61 %
Q4 2015 17.41 % 12.27 % 7.19 %
Q1 2016 16.58 % 11.26 % 5.51 %
Q2 2016 14.80 % 9.00 % 4.47 %
Q3 2016 15.01 % 8.63 % 4.47 %
Q4 2016 16.08 % 10.44 % 5.58 %
Q1 2017 16.96 % 10.50 % 5.93 %
Q2 2017 18.52 % 11.82 % 6.09 %
Q3 2017 18.33 % 11.78 % 6.05 %
Q4 2017 18.53 % 11.40 % 6.59 %
Q1 2018 18.29 % 11.64 % 6.66 %
Q2 2018 17.59 % 11.21 % 6.15 %
Q3 2018 17.74 % 11.03 % 5.63 %
Q4 2018 14.52 % 8.01 % 2.11 %
Q1 2019 13.74 % 6.85 % (0.04 %)
Q2 2019 13.30 % 5.89 % (0.63 %)
Q3 2019 12.72 % 6.26 % (1.67 %)
Q4 2019 12.54 % 4.85 % (3.20 %)
Q1 2020 12.84 % 5.43 % (1.81 %)
Q2 2020 12.00 % 4.29 % (3.70 %)
Q3 2020 12.16 % 4.72 % (2.18 %)
Q4 2020 17.19 % 10.72 % 4.06 %
Q1 2021 17.42 % 10.83 % 4.44 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 1,125.00 - - 0.48
Q2 2013 1,125.00 - - 0.46
Q3 2013 1,125.00 - - 0.48
Q4 2013 1,125.00 14.75 14.75 0.48
Q1 2014 1,125.00 15.21 15.14 0.53
Q2 2014 1,125.00 16.77 16.50 0.49
Q3 2014 1,125.00 15.91 16.47 0.50
Q4 2014 1,125.00 15.28 14.69 0.56
Q1 2015 1,125.00 12.90 11.79 0.58
Q2 2015 1,125.00 10.71 9.54 0.54
Q3 2015 1,125.00 10.42 8.45 0.55
Q4 2015 1,125.00 6.25 5.30 0.54
Q1 2016 1,125.00 4.53 4.16 0.54
Q2 2016 1,125.00 3.63 3.52 0.55
Q3 2016 1,125.00 3.72 3.59 0.56
Q4 2016 1,125.00 4.39 4.39 0.57
Q1 2017 1,125.00 4.50 4.50 0.58
Q2 2017 1,125.00 4.60 4.60 0.56
Q3 2017 1,125.00 4.68 4.68 0.57
Q4 2017 1,125.00 5.10 5.10 0.56
Q1 2018 1,125.00 5.13 5.13 0.57
Q2 2018 1,125.00 4.33 4.33 0.53
Q3 2018 1,125.00 3.70 3.70 0.54
Q4 2018 1,125.00 0.63 1.33 0.53
Q1 2019 1,125.00 (0.72) (0.02) 0.53
Q2 2019 1,125.00 (1.04) (0.35) 0.53
Q3 2019 1,125.00 (1.56) (0.86) 0.53
Q4 2019 1,125.00 (3.57) (1.64) 0.49
Q1 2020 1,125.00 (3.13) (0.99) 0.49
Q2 2020 1,125.00 (4.00) (1.86) 0.48
Q3 2020 1,125.00 (3.27) (1.13) 0.49
Q4 2020 1,125.00 2.13 2.34 0.50
Q1 2021 1,125.00 2.67 2.67 0.51

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 14.57 15.16 4.00
Q1 2015 17.70 19.36 3.92
Q2 2015 20.77 23.32 4.12
Q3 2015 15.94 19.65 3.03
Q4 2015 21.69 25.60 2.52
Q1 2016 21.72 23.67 1.83
Q2 2016 28.18 29.05 1.87
Q3 2016 19.31 20.02 1.29
Q4 2016 22.05 22.05 1.69
Q1 2017 22.18 22.18 1.71
Q2 2017 17.28 17.28 1.43
Q3 2017 17.66 17.66 1.46
Q4 2017 16.62 16.62 1.50
Q1 2018 18.15 18.15 1.63
Q2 2018 20.30 20.30 1.65
Q3 2018 20.31 20.31 1.40
Q4 2018 More than 100 50.89 1.27
Q1 2019 NEG NEG 1.37
Q2 2019 NEG NEG 1.24
Q3 2019 NEG NEG 1.17
Q4 2019 NEG NEG 1.28
Q1 2020 NEG NEG 1.00
Q2 2020 NEG NEG 1.21
Q3 2020 NEG NEG 1.84
Q4 2020 48.35 43.94 2.05
Q1 2021 44.88 44.88 2.35

Business Segments (Million)

Compared With The
Period Manufacturing sector services segment
Q1 2013 293.58 11.50
Q4 2013 353.76 17.65
Q1 2014 330.07 16.68
Q2 2014 290.20 15.09
Q3 2014 149.70 14.82
Q4 2014 208.78 21.52
Q1 2015 179.38 21.03
Q2 2015 182.40 14.20
Q3 2015 181.75 9.53
Q4 2015 221.18 19.77
Q1 2016 206.90 13.93
Q2 2016 219.92 13.94
Q3 2016 193.20 13.12
Q4 2016 211.01 12.74
Q1 2017 176.34 12.77
Q2 2017 216.57 13.72
Q3 2017 213.68 13.71
Q4 2017 206.09 16.94
Q1 2018 171.99 12.86
Q2 2018 142.47 14.06
Q3 2018 159.97 14.13
Q4 2018 175.30 15.11
Q1 2019 94.99 11.19
Q2 2019 142.93 11.56
Q3 2019 118.35 14.45
Q4 2019 167.20 16.88
Q1 2020 123.54 15.95
Q2 2020 99.19 10.45
Q3 2020 134.87 13.19
Q4 2020 232.15 19.33
Q1 2021 154.01 13.82

Current
Market Cap (M Riyal) 8,865.00
Enterprise Value (EV) (M) 9,082.36
Shares Outstanding ((M)) 1,125.00
EPS (Halala) (TTM) 31.70
Book Value (BV) ( Riyal) 0.75
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 22.92
P/E (TTM) 24.86
Price/book 10.49
Return on Average Assets (%) (TTM) 17.7
Return on Average Equity (%) (TTM) 46.6

Share Price

7.88
(0.18) (2.23 %)

Electrical Industries Co. (EIC)


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