Ash-Sharqiyah cuts net losses to SAR 510,000 in Q1 2020

Ash-Sharqiyah cuts net losses to SAR 510,000 in Q1 2020

31/05/2020 Argaam Exclusive

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Ash-Sharqiyah Development Co. narrowed net loss after Zakat and tax by 30% to SAR 510,000 for Q1 2020, compared to SAR 729,000 a year earlier.

 

The decrease in losses were attributed to lower administrative expenses on reducing the company’s staff.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Gross Income (0.14) (0.13) 7.1 %
Operating Income (0.71) (0.50) 30.1 %
Net Income (0.73) (0.51) 30.0 %
Average Shares 19.65 19.65 -
EPS (Riyals) (0.04) (0.03) 30.0 %

When compared to the previous quarter, Ash-Sharqiyah also trimmed net losses by 99% from SAR 65 million, on incurring the financial advisor’s expenses in an acquisition deal. The company also incurred losses from excluding the difference of granted land area.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2011 9.05 5.1 % 0.67 139.2 % (0.62) 79.7 %
Q2 2011 9.98 3.3 % 0.15 (82.8 %) (1.10) (235.9 %)
Q3 2011 4.44 (41.6 %) (1.38) (191.1 %) (2.51) (1132.5 %)
Q4 2011 5.72 (40.2 %) (2.13) (223.9 %) (4.61) (117.7 %)
Q1 2012 7.79 (13.9 %) (2.51) (474.0 %) (3.45) (458.9 %)
Q2 2012 7.32 (26.7 %) (0.86) (680.4 %) (2.41) (120.4 %)
Q3 2012 4.72 6.3 % (0.92) 33.5 % (1.94) 22.7 %
Q4 2012 0.72 (87.3 %) 0.69 132.1 % (1.05) 77.3 %
Q1 2013 5.22 (33.0 %) (1.79) 28.5 % (2.57) 25.7 %
Q2 2013 4.81 (34.3 %) (0.02) 97.6 % (1.29) 46.7 %
Q3 2013 3.85 (18.4 %) (0.05) 94.4 % (1.52) 21.8 %
Q4 2013 3.76 419.1 % (0.82) (219.0 %) (2.42) (130.9 %)
Q1 2014 4.25 (18.5 %) (0.26) 85.7 % (1.54) 40.1 %
Q2 2014 4.36 (9.3 %) (0.38) (1,709.5 %) (1.43) (10.9 %)
Q3 2014 4.00 3.9 % 0.36 798.0 % (0.93) 38.7 %
Q4 2014 6.80 81.0 % 1.11 236.7 % (0.41) 82.9 %
Q1 2015 5.38 26.4 % 1.62 732.4 % 0.06 103.8 %
Q2 2015 6.06 38.9 % 2.70 809.5 % 0.51 135.6 %
Q3 2015 6.15 53.6 % 2.43 582.3 % 0.56 160.2 %
Q4 2015 5.70 (16.3 %) 1.66 49.0 % 0.57 237.1 %
Q1 2016 1.06 (80.2 %) (2.86) (276.8 %) (4.21) (7242.4 %)
Q2 2016 2.69 (55.6 %) (1.56) (158.0 %) (2.59) (610.7 %)
Q3 2016 2.30 (62.6 %) (1.40) (157.5 %) (2.41) (529.8 %)
Q4 2016 0.48 (91.5 %) (5.24) (415.8 %) (6.42) (1235.4 %)
Q1 2017 0.45 (57.7 %) (2.04) 28.8 % (3.08) 26.8 %
Q2 2017 0.40 (85.0 %) (2.04) (30.5 %) (2.89) (11.8 %)
Q3 2017 0.22 (90.6 %) (0.99) 29.2 % (2.13) 11.5 %
Q4 2017 0.45 (8.1 %) (0.94) 82.0 % (2.65) 58.7 %
Q1 2018 0.20 (54.7 %) (0.25) 87.5 % (1.84) 40.4 %
Q2 2018 0.13 (66.8 %) (0.25) 87.8 % (1.81) 37.6 %
Q3 2018 - - (0.28) 72.2 % (2.22) (4.0 %)
Q4 2018 - - (0.23) 75.9 % (1.34) 49.5 %
Q1 2019 - - (0.14) 44.5 % (0.71) 61.4 %
Q2 2019 - - (0.21) 17.3 % (0.72) 60.0 %
Q3 2019 - - (0.11) 60.4 % (0.62) 72.0 %
Q4 2019 - - (0.48) (111.5 %) (2.04) (53.0 %)
Q1 2020 - - (0.13) 7.1 % (0.50) 30.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2011 0.27 109.0 % 0.01 - 0.27 0.01
Q2 2011 (1.07) (291.6 %) (0.05) - (1.07) (0.05)
Q3 2011 (2.46) (906.6 %) (0.13) - (2.46) (0.13)
Q4 2011 (5.95) (182.8 %) (0.30) - (5.95) (0.30)
Q1 2012 2.59 848.4 % 0.13 - 2.59 0.13
Q2 2012 (2.39) (122.7 %) (0.12) - (2.39) (0.12)
Q3 2012 (1.85) 24.6 % (0.09) - (1.85) (0.09)
Q4 2012 (1.71) 71.2 % (0.09) 5.29 (7.00) (0.36)
Q1 2013 (1.76) (168.0 %) (0.09) - (1.76) (0.09)
Q2 2013 (1.35) 43.5 % (0.07) (0.07) (1.28) (0.07)
Q3 2013 (1.52) 18.2 % (0.08) - (1.52) (0.08)
Q4 2013 (0.94) 44.9 % (0.05) (0.69) (0.26) (0.01)
Q1 2014 (1.53) 12.9 % (0.08) - (1.53) (0.08)
Q2 2014 (0.96) 29.2 % (0.05) - (0.96) (0.05)
Q3 2014 (0.20) 87.1 % (0.01) 0.19 (0.39) (0.02)
Q4 2014 0.22 122.8 % 0.01 0.53 (0.31) (0.02)
Q1 2015 0.67 144.0 % 0.03 0.56 0.11 0.01
Q2 2015 7.00 832.3 % 0.36 6.32 0.69 0.03
Q3 2015 0.56 386.7 % 0.03 - 0.56 0.03
Q4 2015 0.77 258.6 % 0.04 0.17 0.60 0.03
Q1 2016 (4.08) (704.9 %) (0.21) - (4.08) (0.21)
Q2 2016 (1.99) (128.4 %) (0.10) - (1.99) (0.10)
Q3 2016 (5.70) (1113.9 %) (0.29) (3.98) (1.72) (0.09)
Q4 2016 (5.70) (839.0 %) (0.29) - (5.70) (0.29)
Q1 2017 (3.60) 11.7 % (0.18) - (3.60) (0.18)
Q2 2017 (3.87) (94.8 %) (0.20) - (3.87) (0.20)
Q3 2017 (4.66) 18.1 % (0.24) - (4.66) (0.24)
Q4 2017 (4.67) 18.0 % (0.24) (7.40) 2.73 0.14
Q1 2018 (1.86) 48.3 % (0.09) - (1.86) (0.09)
Q2 2018 (1.66) 57.2 % (0.08) - (1.66) (0.08)
Q3 2018 (2.27) 51.4 % (0.12) - (2.27) (0.12)
Q4 2018 (0.93) 80.1 % (0.05) - (0.93) (0.05)
Q1 2019 (0.73) 60.8 % (0.04) - (0.73) (0.04)
Q2 2019 (0.72) 56.6 % (0.04) - (0.72) (0.04)
Q3 2019 (0.89) 60.7 % (0.05) - (0.89) (0.05)
Q4 2019 (65.13) (6,903.7 %) (3.31) (63.37) (1.76) (0.09)
Q1 2020 (0.51) 30.0 % (0.03) - (0.51) (0.03)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 6.66 % 23.05 % (5.02 %)
Q2 2011 4.63 % 23.66 % (7.18 %)
Q3 2011 (3.69 %) 15.39 % (16.24 %)
Q4 2011 (9.23 %) 8.39 % (31.54 %)
Q1 2012 (21.01 %) (3.09 %) (24.67 %)
Q2 2012 (27.22 %) (12.99 %) (32.49 %)
Q3 2012 (25.11 %) (7.97 %) (29.76 %)
Q4 2012 (17.51 %) 3.30 % (42.11 %)
Q1 2013 (16.04 %) 8.30 % (72.32 %)
Q2 2013 (13.22 %) 10.41 % (76.86 %)
Q3 2013 (8.07 %) 19.66 % (79.13 %)
Q4 2013 (15.19 %) 8.06 % (27.29 %)
Q1 2014 (6.86 %) 13.52 % (27.51 %)
Q2 2014 (9.26 %) 16.90 % (26.28 %)
Q3 2014 (6.69 %) 6.58 % (19.15 %)
Q4 2014 4.29 % 19.21 % (16.44 %)
Q1 2015 13.19 % 24.91 % (7.55 %)
Q2 2015 26.01 % 31.22 % 0.41 %
Q3 2015 32.23 % 39.77 % 4.28 %
Q4 2015 36.11 % 43.07 % 8.40 %
Q1 2016 20.69 % 28.17 % (11.77 %)
Q2 2016 (2.16 %) 7.03 % (31.44 %)
Q3 2016 (35.43 %) (10.38 %) (61.16 %)
Q4 2016 (169.28 %) (186.32 %) (206.23 %)
Q1 2017 (172.90 %) (192.99 %) (219.53 %)
Q2 2017 (294.61 %) (325.48 %) (409.15 %)
Q3 2017 (663.45 %) (870.98 %) (1147.23 %)
Q4 2017 (396.63 %) (490.63 %) (620.46 %)
Q1 2018 (333.02 %) (537.67 %) (603.70 %)
Q2 2018 (243.64 %) (599.10 %) (545.65 %)
Q3 2018 (219.67 %) (855.43 %) (390.04 %)
Q4 2018 (297.34 %) (1700.30 %) (1986.39 %)
Q1 2019 (665.67 %) (3543.28 %) (4166.42 %)
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 19.65 (0.09) (0.09) 4.06
Q2 2011 19.65 (0.13) (0.13) 4.01
Q3 2011 19.65 (0.27) (0.27) 3.88
Q4 2011 19.65 (0.47) (0.47) 3.58
Q1 2012 19.65 (0.35) (0.35) 3.71
Q2 2012 19.65 (0.42) (0.42) 3.59
Q3 2012 19.65 (0.39) (0.39) 3.50
Q4 2012 19.65 (0.17) (0.44) 3.41
Q1 2013 19.65 (0.39) (0.66) 3.32
Q2 2013 19.65 (0.34) (0.61) 3.25
Q3 2013 19.65 (0.32) (0.59) 3.17
Q4 2013 19.65 (0.28) (0.24) 3.12
Q1 2014 19.65 (0.27) (0.23) 3.05
Q2 2014 19.65 (0.25) (0.22) 3.00
Q3 2014 19.65 (0.18) (0.16) 2.99
Q4 2014 19.65 (0.13) (0.16) 3.00
Q1 2015 19.65 (0.01) (0.08) 3.03
Q2 2015 19.65 0.39 0.00 3.39
Q3 2015 19.65 0.43 0.05 3.42
Q4 2015 19.65 0.46 0.10 3.45
Q1 2016 19.65 0.22 (0.11) 3.28
Q2 2016 19.65 (0.24) (0.25) 1.53
Q3 2016 19.65 (0.56) (0.37) 1.45
Q4 2016 19.65 (0.89) (0.69) 11.99
Q1 2017 19.65 (0.86) (0.66) 11.83
Q2 2017 19.65 (0.96) (0.76) 11.63
Q3 2017 19.65 (0.91) (0.91) 11.39
Q4 2017 19.65 (0.85) (0.48) 11.17
Q1 2018 19.65 (0.77) (0.39) 11.07
Q2 2018 19.65 (0.65) (0.28) 10.99
Q3 2018 19.65 (0.53) (0.16) 10.87
Q4 2018 19.65 (0.34) (0.34) 10.83
Q1 2019 19.65 (0.28) (0.28) 10.79
Q2 2019 19.65 (0.24) (0.24) 10.75
Q3 2019 19.65 (0.17) (0.17) 10.71
Q4 2019 19.65 (3.43) (0.21) 7.39
Q1 2020 19.65 (3.42) (0.20) 7.37

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 NEG NEG 5.62
Q2 2011 NEG NEG 5.29
Q3 2011 NEG NEG 6.40
Q4 2011 NEG NEG 13.31
Q1 2012 NEG NEG 8.91
Q2 2012 NEG NEG 7.01
Q3 2012 NEG NEG 8.55
Q4 2012 NEG NEG 9.92
Q1 2013 NEG NEG 9.84
Q2 2013 NEG NEG 10.58
Q3 2013 NEG NEG 11.99
Q4 2013 NEG NEG 10.31
Q1 2014 NEG NEG 12.20
Q2 2014 NEG NEG 15.45
Q3 2014 NEG NEG 21.44
Q4 2014 NEG NEG 14.15
Q1 2015 NEG NEG 13.54
Q2 2015 More than 100 More than 100 13.72
Q3 2015 75.71 More than 100 9.53
Q4 2015 70.10 More than 100 9.30
Q1 2016 More than 100 NEG 7.24
Q2 2016 NEG NEG 14.48
Q3 2016 NEG NEG 10.86
Q4 2016 NEG NEG 2.15
Q1 2017 NEG NEG 1.84
Q2 2017 NEG NEG 1.86
Q3 2017 NEG NEG 2.57
Q4 2017 NEG NEG 2.40
Q1 2018 NEG NEG 2.34
Q2 2018 NEG NEG 2.97
Q3 2018 NEG NEG 2.55
Q4 2018 NEG NEG 2.80
Q1 2019 NEG NEG 2.65
Q2 2019 NEG NEG 2.47
Q3 2019 NEG NEG 2.32
Q4 2019 NEG NEG 4.05
Q1 2020 NEG NEG 4.11


Financial Ratios
Current
Market Cap (M Riyal) 575.40
Enterprise Value (EV) (M) 397.85
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) 0.35
Book Value (BV) ( Riyal) 12.49
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.54
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 2.9
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Share Price

Ash-Sharqiyah Development Co.
19.18
(0.12) (0.62 %)

Ash-Sharqiyah Development Co. (SHARQIYAH DEV)

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