National Building posts net profit of SAR 23.3 mln in 2020

31/03/2021 Argaam Exclusive

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National Building & Marketing Co. (NBM) posted a net profit after Zakat and tax of SAR 23.3 million for 2020, compared to a net profit of SAR 6.2 million a year earlier.

The net profit rise was driven by an increase in sales volumes and other revenues. The full-year financials were also backed by the positive impact of the increase in the company’s profit share from sister companies to SAR 7.16 million.

Financials (M)

Item	2019	2020	Change‬
Revenues	170.81	286.73	67.9 %
Gross Income	15.84	38.41	142.6 %
Operating Income	12.83	29.83	132.6 %
Net Income	6.22	30.45	389.3 %
Average Shares	12.00	12.00	-
EPS (Riyals)	0.52	2.54	389.3 %

In Q4 2020, the company reported a net profit after Zakat and tax of SAR 3.6 million, against a net loss of SAR 13.55 million a year earlier.

Shareholders’ equity, excluding minority interest, rose 30.96% to SAR 169.48 million in 2020, from SAR 129.42 million a year earlier.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2019	H2 2020	Change‬
Revenues	91.13	133.04	46.0 %
Gross Income	1.93	23.63	1125.2 %
Operating Income	0.83	18.71	2141.3 %
Net Income	(2.33)	22.69	1072.1 %
Average Shares	12.00	12.00	-
EPS (Riyals)	(0.19)	1.89	1072.1 %

Item	H1 2020	H2 2020	Change‬
Revenues	153.70	133.04	(13.4 %)
Gross Income	14.78	23.63	59.9 %
Operating Income	11.12	18.71	68.2 %
Net Income	7.76	22.69	192.5 %
Average Shares	12.00	12.00	-
EPS (Riyals)	0.65	1.89	192.5 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
H1 2020	153.70	92.9 %	14.78	6.3 %	11.12	(7.2 %)
H2 2020	133.04	46.0 %	23.63	1125.2 %	18.71	2141.3 %
2020	286.73	67.9 %	38.41	142.6 %	29.83	132.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2020	286.73	67.9 %	38.41	142.6 %	29.83	132.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
H1 2020	7.76	(9.3 %)	0.65	-	7.76	0.65
H2 2020	22.69	1072.1 %	1.89	-	22.69	1.89
2020	30.45	389.3 %	2.54	-	30.45	2.54

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2020	30.45	389.3 %	2.54	-	30.45	2.54

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
H1 2020	6.82 %	13.08 %	2.21 %
H2 2020	13.40 %	19.17 %	10.62 %
2020	13.40 %	19.17 %	10.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2020	13.40 %	19.17 %	10.62 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
H1 2020	9.61 %	15.25 %	5.05 %
H2 2020	17.76 %	23.70 %	17.05 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
H1 2020	12.00	0.45	0.45	10.96
H2 2020	12.00	2.54	2.54	13.25

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2020	12.00	2.54	2.54	13.25

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
H1 2020	More than 100	More than 100	9.81
H2 2020	More than 100	More than 100	34.52

Period	P/E	Adjusted P/E	Price/book
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	10.95	10.95	2.07
2019	More than 100	More than 100	12.94
2020	More than 100	More than 100	34.52

Business Segments (Million)

Compared With The

Period	Iron Industry	commercial sector
Q2 2020	133.31	20.38
Q4 2020	80.39	52.65

Period	Iron Industry	commercial sector
2020	213.70	73.04

Financial Ratios

	Current
Market Cap (M Riyal)	2,421.60
Enterprise Value (EV) (M)	2,790.97
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	8.19

National Building and Marketing Co. (NBM)

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National Building posts net profit of SAR 23.3 mln in 2020

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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

Business Segments (Million)

Revenue by Business Segment (Latest) 2020 Q4

Financial Ratios

Share Price

National Building and Marketing Co. (NBM)

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National Building posts net profit of SAR 23.3 mln in 2020

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

Business Segments (Million) Q4 2020

Revenue by Business Segment (Latest) 2020 Q4

Financial Ratios

Share Price

National Building and Marketing Co. (NBM)

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Business Segments (Million)