National Building net profit up to SAR 25.1 mln in H1 2021

National Building net profit up to SAR 25.1 mln in H1 2021

12/09/2021 Argaam Exclusive

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National Building and Marketing Co. reported a net profit after Zakat and tax of SAR 25.1 million for the first six months of 2021, over a two-fold increase, from SAR 7.8 million in the year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 153.70 298.03 93.9 %
Gross Income 14.78 35.76 142.0 %
Operating Income 11.12 28.72 158.2 %
Net Income 7.76 25.09 223.5 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.65 2.09 223.5 %

The company attributed the profit increase to improved economic condition for the building materials segment, on the back of higher sales of the metal industries segment due to increased quantities sold in the market and higher average selling prices.

 

In addition, profit margin rose to 12% from 9.6% in the same period a year earlier, as well as lower financial charges.



Current Half Annual Comparison (M)

Compared With The
Item H1 2020 H1 2021 Change‬
Revenues 153.70 298.03 93.9 %
Gross Income 14.78 35.76 142.0 %
Operating Income 11.12 28.72 158.2 %
Net Income 7.76 25.09 223.5 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.65 2.09 223.5 %

Shareholders' equity, excluding minority rights, reached 184 million in the six-month period, compared to SAR 159 million in the same period last year.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 81.25 - 14.69 - 11.22 -
H2 2017 87.11 - 11.18 - 11.67 -
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 %
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 %)
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 %
H1 2021 298.03 93.9 % 35.76 142.0 % 28.72 158.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 11.21 - 0.93 - 11.21 0.93
H2 2017 15.58 - 1.30 - 15.58 1.30
H1 2018 12.47 11.2 % 1.04 - 12.47 1.04
H2 2018 11.64 (25.3 %) 0.97 - 11.64 0.97
H1 2019 8.56 (31.4 %) 0.71 - 8.56 0.71
H2 2019 (2.33) (120.0 %) (0.19) - (2.33) (0.19)
H1 2020 7.76 (9.3 %) 0.65 - 7.76 0.65
H2 2020 22.69 1072.1 % 1.89 - 22.69 1.89
H1 2021 25.09 223.5 % 2.09 - 25.09 2.09

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 15.36 % 16.79 % 15.91 %
H1 2018 16.44 % 18.28 % 16.74 %
H2 2018 18.58 % 20.71 % 14.43 %
H1 2019 17.18 % 19.61 % 12.15 %
H2 2019 9.27 % 13.16 % 3.64 %
H1 2020 6.82 % 13.08 % 2.21 %
H2 2020 13.40 % 19.17 % 10.62 %
H1 2021 13.78 % 15.55 % 11.08 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
H1 2021 12.00 3.98 3.98 15.34

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
H1 2021 75.75 75.75 19.66

Business Segments (Million)

Compared With The
Period Iron Industry Contracting Projects commercial sector
Q2 2020 133.31 - 20.38
Q4 2020 80.39 - 52.65
Q2 2021 185.71 110.48 1.85


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
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Share Price

National Building and Marketing Co.
201.80
2.00 1.00 %

National Building and Marketing Co. (NBM)

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