National Building posts 74% profit slump in FY19

30/04/2020 Argaam Exclusive

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National Building and Marketing Co. (NBMC) reported a net profit after Zakat and tax of SAR 6.2 million for the fiscal year 2019, a plunge of 74% year-on-year (YoY) due to higher cost of sales, as well as allocation of provisions for claims and impairment of receivables.

Financials (M)

Item	2018	2019	Change‬
Revenues	167.12	170.81	2.2 %
Gross Income	31.05	15.84	(49.0 %)
Operating Income	28.02	12.83	(54.2 %)
Net Income	24.12	6.22	(74.2 %)
Average Shares	12.00	12.00	-
EPS (Riyals)	2.01	0.52	(74.2 %)

In Q4 2019, the company swung to a net loss of SAR 13.6 million against a net profit of SAR 3.99 million a year earlier.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2018	H2 2019	Change‬
Revenues	86.61	91.13	5.2 %
Gross Income	14.67	1.93	(86.8 %)
Operating Income	14.49	0.83	(94.2 %)
Net Income	11.64	(2.33)	(120.0 %)
Average Shares	12.00	12.00	-
EPS (Riyals)	0.97	(0.19)	(120.0 %)

Item	H1 2019	H2 2019	Change‬
Revenues	79.68	91.13	14.4 %
Gross Income	13.91	1.93	(86.1 %)
Operating Income	11.99	0.83	(93.0 %)
Net Income	8.56	(2.33)	(127.3 %)
Average Shares	12.00	12.00	-
EPS (Riyals)	0.71	(0.19)	(127.3 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	657.37	-	91.13	-	60.27	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	208.10	(68.3 %)	41.45	(54.5 %)	21.65	(64.1 %)
H1 2017	81.25	-	14.69	-	11.22	-
H2 2017	87.11	-	11.18	-	11.67	-
2017	168.36	(19.1 %)	25.87	(37.6 %)	22.89	5.7 %
H1 2018	80.51	(0.9 %)	16.38	11.5 %	13.54	20.7 %
H2 2018	86.61	(0.6 %)	14.67	31.2 %	14.49	24.2 %
2018	167.12	(0.7 %)	31.05	20.0 %	28.02	22.4 %
H1 2019	79.68	(1.0 %)	13.91	(15.1 %)	11.99	(11.4 %)
H2 2019	91.13	5.2 %	1.93	(86.8 %)	0.83	(94.2 %)
2019	170.81	2.2 %	15.84	(49.0 %)	12.83	(54.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	657.37	-	91.13	-	60.27	-
2016	208.10	(68.3 %)	41.45	(54.5 %)	21.65	(64.1 %)
2017	168.36	(19.1 %)	25.87	(37.6 %)	22.89	5.7 %
2018	167.12	(0.7 %)	31.05	20.0 %	28.02	22.4 %
2019	170.81	2.2 %	15.84	(49.0 %)	12.83	(54.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	40.35	-	3.36	-	40.35	3.36
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	16.77	(58.5 %)	1.40	-	16.77	1.40
H1 2017	11.21	-	0.93	-	11.21	0.93
H2 2017	15.58	-	1.30	-	15.58	1.30
2017	26.79	59.8 %	2.23	-	26.79	2.23
H1 2018	12.47	11.2 %	1.04	-	12.47	1.04
H2 2018	11.64	(25.3 %)	0.97	-	11.64	0.97
2018	24.12	(10.0 %)	2.01	-	24.12	2.01
H1 2019	8.56	(31.4 %)	0.71	-	8.56	0.71
H2 2019	(2.33)	(120.0 %)	(0.19)	-	(2.33)	(0.19)
2019	6.22	(74.2 %)	0.52	-	6.22	0.52

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	40.35	-	3.36	-	40.35	3.36
2016	16.77	(58.5 %)	1.40	-	16.77	1.40
2017	26.79	59.8 %	2.23	-	26.79	2.23
2018	24.12	(10.0 %)	2.01	-	24.12	2.01
2019	6.22	(74.2 %)	0.52	-	6.22	0.52

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2010	-	-	-
H2 2010	-	-	-
2010	-	-	-
H1 2011	-	-	-
H2 2011	-	-	-
2011	-	-	-
H1 2012	-	-	-
H2 2012	-	-	-
2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	13.86 %	10.30 %	6.14 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	19.92 %	13.06 %	8.06 %
H1 2017	-	-	-
H2 2017	15.36 %	16.79 %	15.91 %
2017	15.36 %	16.79 %	15.91 %
H1 2018	16.44 %	18.28 %	16.74 %
H2 2018	18.58 %	20.71 %	14.43 %
2018	18.58 %	20.71 %	14.43 %
H1 2019	17.18 %	19.61 %	12.15 %
H2 2019	9.27 %	13.16 %	3.64 %
2019	9.27 %	13.16 %	3.64 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	13.86 %	10.30 %	6.14 %
2016	19.92 %	13.06 %	8.06 %
2017	15.36 %	16.79 %	15.91 %
2018	18.58 %	20.71 %	14.43 %
2019	9.27 %	13.16 %	3.64 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2010	-	-	-
H2 2010	-	-	-
H1 2011	-	-	-
H2 2011	-	-	-
H1 2012	-	-	-
H2 2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	18.08 %	16.64 %	13.80 %
H2 2017	12.83 %	16.93 %	17.89 %
H1 2018	20.35 %	19.75 %	15.49 %
H2 2018	16.93 %	21.60 %	13.44 %
H1 2019	17.45 %	17.46 %	10.74 %
H2 2019	2.12 %	9.41 %	(2.56 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2010	-	-	-	-
H2 2010	-	-	-	-
H1 2011	-	-	-	-
H2 2011	-	-	-	-
H1 2012	-	-	-	-
H2 2012	-	-	-	-
H1 2013	-	-	-	-
H2 2013	-	-	-	-
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	12.00	-	-	7.02
H2 2017	12.00	2.23	2.23	8.24
H1 2018	12.00	2.34	2.34	8.54
H2 2018	12.00	2.01	2.01	10.62
H1 2019	12.00	1.68	1.68	11.33
H2 2019	12.00	0.52	0.52	10.78

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	12.00	3.36	3.36	3.56
2016	12.00	1.40	1.40	6.08
2017	12.00	2.23	2.23	8.24
2018	12.00	2.01	2.01	10.62
2019	12.00	0.52	0.52	10.78

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2010	-	-	-
H2 2010	-	-	-
H1 2011	-	-	-
H2 2011	-	-	-
H1 2012	-	-	-
H2 2012	-	-	-
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	9.41	9.41	2.58
H2 2018	10.95	10.95	2.07
H1 2019	More than 100	More than 100	15.88
H2 2019	More than 100	More than 100	12.94

Period	P/E	Adjusted P/E	Price/book
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	10.95	10.95	2.07
2019	More than 100	More than 100	12.94

Financial Ratios

	Current
Market Cap (M Riyal)	2,412.00
Enterprise Value (EV) (M)	2,781.37
Shares Outstanding ((M))	12.00
Book Value (BV) ( Riyal)	24.65
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
Price/book	8.15

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National Building posts 74% profit slump in FY19

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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