SACO net profit falls 39% to SAR 11.7 mln in Q1 2020

SACO net profit falls 39% to SAR 11.7 mln in Q1 2020

10/05/2020 Argaam Exclusive

View other reports

Saudi Company for Hardware (SACO) reported a net profit after Zakat and tax of SAR 11.7 million for the first quarter of 2020, a 39% year-on-year (YoY) decline, compared to SAR 19.2 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 370.24 358.04 (3.3 %)
Gross Income 63.85 62.40 (2.3 %)
Operating Income 29.86 25.53 (14.5 %)
Net Income 19.24 11.72 (39.1 %)
Average Shares 36.00 36.00 -
EPS (Riyals) 0.53 0.33 (39.1 %)

The company cited lower sales due to partial closure of stores amidst COVID-19 measures and less promotional activities, higher selling and marketing expenses, lower other income, and higher finance cost related to lease liabilities and Zakat expenses for decline in profits.

 

When compared to the previous quarter, Q1 net profit increased by 93.3% due to lower selling and marketing, and general and administrative expenses.



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 235.95 - 51.43 - 21.91 - 0.61
Q2 2013 250.04 - 58.02 - 24.09 - 0.67
Q3 2013 247.86 - 50.19 - 23.30 - 0.65
Q4 2013 227.44 - 59.10 - 33.44 - 0.93
Q1 2014 228.78 (3.0 %) 55.47 7.8 % 25.64 17.0 % 0.71
Q2 2014 293.71 17.5 % 74.84 29.0 % 37.67 56.4 % 1.05
Q3 2014 248.61 0.3 % 55.97 11.5 % 16.61 (28.7 %) 0.46
Q4 2014 313.76 38.0 % 65.22 10.4 % 30.10 (10.0 %) 0.84
Q1 2015 309.45 35.3 % 66.55 20.0 % 33.83 32.0 % 0.94
Q2 2015 349.36 18.9 % 73.02 (2.4 %) 35.87 (4.8 %) 1.00
Q3 2015 265.36 6.7 % 51.73 (7.6 %) 18.50 11.4 % 0.51
Q4 2015 352.74 12.4 % 68.22 4.6 % 37.91 26.0 % 1.05
Q1 2016 303.21 (2.0 %) 60.75 (8.7 %) 28.72 (15.1 %) 0.80
Q2 2016 351.49 0.6 % 71.59 (2.0 %) 37.05 3.3 % 1.03
Q3 2016 284.97 7.4 % 52.50 1.5 % 21.06 13.9 % 0.59
Q4 2016 384.42 9.0 % 75.76 11.1 % 42.14 11.2 % 1.17
Q1 2017 326.29 7.6 % 62.01 2.1 % 30.76 7.1 % 0.85
Q2 2017 376.33 7.1 % 76.65 7.1 % 40.36 8.9 % 1.12
Q3 2017 322.91 13.3 % 61.14 16.5 % 22.79 8.2 % 0.63
Q4 2017 429.85 11.8 % 84.88 12.0 % 40.99 (2.7 %) 1.14
Q1 2018 321.67 (1.4 %) 53.81 (13.2 %) 14.59 (52.6 %) 0.41
Q2 2018 343.03 (8.8 %) 54.94 (28.3 %) 20.38 (49.5 %) 0.57
Q3 2018 340.17 5.3 % 64.44 5.4 % 24.43 7.2 % 0.68
Q4 2018 385.61 (10.3 %) 76.72 (9.6 %) 38.48 (6.1 %) 1.07
Q1 2019 370.24 15.1 % 63.85 18.6 % 19.24 31.9 % 0.53
Q2 2019 343.83 0.2 % 64.84 18.0 % 21.69 6.4 % 0.60
Q3 2019 351.61 3.4 % 67.13 4.2 % 14.65 (40.0 %) 0.41
Q4 2019 392.08 1.7 % 85.84 11.9 % 6.06 (84.3 %) 0.17
Q1 2020 358.04 (3.3 %) 62.40 (2.3 %) 11.72 (39.1 %) 0.33

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 22.76 % 13.03 % 10.69 %
Q1 2014 23.35 % 13.76 % 11.16 %
Q2 2014 24.01 % 14.60 % 12.03 %
Q3 2014 24.57 % 14.26 % 11.35 %
Q4 2014 23.18 % 13.32 % 10.11 %
Q1 2015 22.53 % 13.19 % 10.12 %
Q2 2015 21.35 % 12.71 % 9.51 %
Q3 2015 20.72 % 12.77 % 9.53 %
Q4 2015 20.32 % 12.69 % 9.52 %
Q1 2016 19.97 % 12.41 % 9.17 %
Q2 2016 19.82 % 12.49 % 9.25 %
Q3 2016 19.58 % 12.51 % 9.30 %
Q4 2016 19.68 % 13.01 % 9.74 %
Q1 2017 19.44 % 12.97 % 9.72 %
Q2 2017 19.45 % 13.13 % 9.79 %
Q3 2017 19.54 % 13.17 % 9.65 %
Q4 2017 19.56 % 12.92 % 9.27 %
Q1 2018 19.06 % 12.03 % 8.18 %
Q2 2018 17.97 % 11.04 % 6.97 %
Q3 2018 17.99 % 11.02 % 7.00 %
Q4 2018 17.97 % 11.17 % 7.04 %
Q1 2019 18.06 % 12.83 % 7.12 %
Q2 2019 18.74 % 14.70 % 7.21 %
Q3 2019 18.78 % 15.66 % 6.48 %
Q4 2019 19.32 % 15.39 % 4.23 %
Q1 2020 19.38 % 15.56 % 3.74 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 36.00 - - 5.90
Q2 2013 36.00 - - 5.88
Q3 2013 36.00 - - 6.52
Q4 2013 36.00 2.85 2.85 7.45
Q1 2014 36.00 2.96 2.96 8.17
Q2 2014 36.00 3.33 3.33 9.21
Q3 2014 36.00 3.15 3.15 9.67
Q4 2014 36.00 3.06 3.05 10.51
Q1 2015 36.00 3.28 3.28 11.45
Q2 2015 36.00 3.23 3.23 12.45
Q3 2015 36.00 3.29 3.28 12.96
Q4 2015 36.00 3.50 3.38 12.68
Q1 2016 36.00 3.36 3.24 13.29
Q2 2016 36.00 3.39 3.27 13.32
Q3 2016 36.00 3.47 3.34 13.90
Q4 2016 36.00 3.58 3.58 14.07
Q1 2017 36.00 3.64 3.64 14.93
Q2 2017 36.00 3.73 3.73 16.05
Q3 2017 36.00 3.78 3.78 15.51
Q4 2017 36.00 3.75 3.75 16.65
Q1 2018 36.00 3.30 3.30 15.99
Q2 2018 36.00 2.74 2.74 16.55
Q3 2018 36.00 2.79 2.79 16.57
Q4 2018 36.00 2.72 2.72 17.63
Q1 2019 36.00 2.85 2.85 15.85
Q2 2019 36.00 2.88 2.88 15.45
Q3 2019 36.00 2.61 2.61 14.86
Q4 2019 36.00 1.71 1.71 15.02
Q1 2020 36.00 1.50 1.50 15.38

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 27.52 27.59 7.15
Q3 2015 20.09 20.14 5.09
Q4 2015 18.94 19.64 5.23
Q1 2016 17.03 17.69 4.31
Q2 2016 17.42 18.08 4.44
Q3 2016 11.62 12.06 2.90
Q4 2016 15.89 15.89 4.04
Q1 2017 16.53 16.53 4.03
Q2 2017 18.94 18.94 4.40
Q3 2017 19.09 19.09 4.65
Q4 2017 19.48 19.48 4.38
Q1 2018 26.67 26.67 5.50
Q2 2018 27.99 27.99 4.64
Q3 2018 18.62 18.62 3.13
Q4 2018 24.35 24.35 3.75
Q1 2019 25.49 25.49 4.58
Q2 2019 23.57 23.57 4.40
Q3 2019 24.30 24.30 4.27
Q4 2019 30.43 30.43 3.47
Q1 2020 25.21 25.21 2.46

Business Segments (Million)

Compared With The
Period Sales and Services Logistics services Retail sector Wholesale sector
Q1 2014 - - 226.13 2.65
Q2 2014 - - 289.37 4.34
Q3 2014 - - 244.04 4.57
Q4 2014 - - 309.31 4.44
Q1 2015 - - 305.27 4.18
Q2 2015 - - 345.35 4.01
Q3 2015 - - 261.48 3.89
Q4 2015 - - 349.28 3.46
Q1 2016 303.21 - - -
Q2 2016 351.49 - - -
Q3 2016 284.97 - - -
Q4 2016 382.52 - - -
Q1 2017 323.49 2.79 - -
Q2 2017 373.84 2.49 - -
Q3 2017 320.88 2.60 - -
Q4 2017 427.08 2.77 - -
Q1 2018 317.69 3.98 - -
Q2 2018 341.65 1.37 - -
Q3 2018 337.70 2.47 - -
Q4 2018 382.79 2.82 - -
Q1 2019 367.49 2.75 - -
Q2 2019 342.52 1.31 - -
Q3 2019 348.74 2.87 - -
Q4 2019 388.88 3.19 - -
Q1 2020 351.44 6.60 - -

Analysts Estimates (Million)

Item Q1 2020 (e) Q1 2020 (a) Change‬
Average 10.25 11.72 14.33 %

Estimates vs Actual (Million)

Item Q1 2020 (e) Q1 2020 (a) Change
AlJazira Capital 10.70 11.72 9.5 %
OSOOL AND BAKHEET 9.80 11.72 19.6 %


Financial Ratios
Current
Market Cap (M Riyal) 1,238.40
Enterprise Value (EV) (M) 1,285.19
Shares Outstanding ((M)) 36.00
EPS ( Riyal) (TTM) (1.58)
Book Value (BV) ( Riyal) 9.31
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.70
Return on Average Assets (%) (TTM) (4.58 )
Return on Average Equity (%) (TTM) (15.57 )
more

Share Price

Saudi Company for Hardware
34.40
0.15 0.44 %

Saudi Company for Hardware (SACO)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.