National Building 9M 2022 profit down 6% to SAR 50.2 mln; Q3 at SAR 18.4 mln

National Building 9M 2022 profit down 6% to SAR 50.2 mln; Q3 at SAR 18.4 mln

10/11/2022 Argaam Exclusive

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National Building and Marketing Co. (NBM) reported a 6% drop in net profit after Zakat and tax to SAR 50.2 million for the first nine months of 2022, from SAR 53.2 million in the year-earlier period.

 

The company was hit by higher operational and financing costs. Total financing costs increased to SAR 4.9 million from SAR 3.9 million a year earlier, on higher interest rates.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 461.65 486.94 5.5 %
Gross Income 69.36 69.63 0.4 %
Operating Income 56.87 54.43 (4.3 %)
Net Income 53.22 50.25 (5.6 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 4.44 4.19 (5.6 %)

In Q3 2022, net profit after Zakat and tax fell 25% to SAR 18.4 million, from SAR 28.1 million a year earlier, as revenues across the board dropped from SAR 164 million to SAR 148 million.

 

Compared to Q2 2022, net profit jumped 16% from SAR 15.9 million, on an increase in sales volumes during the current period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 163.61 148.05 (9.5 %)
Gross Income 33.60 25.89 (22.9 %)
Operating Income 28.15 20.69 (26.5 %)
Net Income 28.13 18.35 (34.8 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 2.34 1.53 (34.8 %)

Total shareholders’ equity, after minority interest, rose to SAR 291.564 million by the end of the nine-month period, from SAR 212.230 million a year earlier.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 41.69 - 9.08 - 8.07 - 0.67
Q2 2017 39.56 - 5.61 - 3.15 - 0.26
Q3 2017 40.30 - 7.39 - 9.14 - 0.76
Q4 2017 46.81 - 3.78 - 6.44 - 0.54
Q1 2018 42.97 3.1 % 9.78 7.7 % 7.31 (9.4 %) 0.61
Q2 2018 37.54 (5.1 %) 6.60 17.7 % 5.17 64.2 % 0.43
Q3 2018 40.06 (0.6 %) 6.70 (9.4 %) 7.66 (16.2 %) 0.64
Q4 2018 46.55 (0.6 %) 7.97 110.5 % 3.99 (38.1 %) 0.33
Q1 2019 38.27 (10.9 %) 7.50 (23.4 %) 3.08 (57.8 %) 0.26
Q2 2019 41.41 10.3 % 6.41 (2.8 %) 5.47 5.9 % 0.46
Q3 2019 56.35 40.7 % 13.33 98.9 % 11.22 46.5 % 0.93
Q4 2019 34.77 (25.3 %) (11.40) (243.1 %) (13.55) (439.7 %) (1.13)
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 65.71 16.6 % 6.72 (49.6 %) 5.05 (55.0 %) 0.42
Q4 2020 67.33 93.6 % 16.91 248.4 % 17.64 230.2 % 1.47
Q1 2021 122.71 - 14.72 - 10.33 - 0.86
Q2 2021 175.33 - 21.04 - 14.76 - 1.23
Q3 2021 163.61 149.0 % 33.60 400.1 % 28.13 456.8 % 2.34
Q4 2021 216.78 222.0 % 26.59 57.2 % 20.18 14.4 % 1.68
Q1 2022 178.25 45.3 % 22.18 50.6 % 16.04 55.3 % 1.34
Q2 2022 160.64 (8.4 %) 21.56 2.5 % 15.86 7.4 % 1.32
Q3 2022 148.05 (9.5 %) 25.89 (22.9 %) 18.35 (34.8 %) 1.53

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 21.78 % 22.60 % 19.35 %
Q2 2017 18.08 % 16.65 % 13.80 %
Q3 2017 18.17 % 16.23 % 16.75 %
Q4 2017 15.36 % - 15.92 %
Q1 2018 15.66 % 13.15 % 15.35 %
Q2 2018 16.44 % 14.63 % 16.74 %
Q3 2018 16.05 % 14.63 % 15.87 %
Q4 2018 18.58 % - 14.43 %
Q1 2019 17.71 % 14.08 % 12.25 %
Q2 2019 17.18 % 13.82 % 12.15 %
Q3 2019 19.28 % 16.84 % 13.01 %
Q4 2019 9.27 % 19.25 % 3.64 %
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 7.60 % 17.36 % 4.13 %
Q4 2020 11.40 % 22.53 % 9.08 %
Q1 2021 9.28 % - 6.70 %
Q2 2021 13.78 % - 11.08 %
Q3 2021 16.31 % 16.56 % 13.40 %
Q4 2021 14.14 % 14.40 % 10.82 %
Q1 2022 14.09 % - 10.78 %
Q2 2022 14.45 % - 11.15 %
Q3 2022 13.67 % 13.03 % 10.01 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 12.00 - - 3.56
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 12.00 - - 6.08
Q1 2017 12.00 0.67 0.67 6.35
Q2 2017 12.00 0.93 0.93 -
Q3 2017 12.00 1.70 1.70 -
Q4 2017 12.00 2.23 2.23 8.24
Q1 2018 12.00 2.17 2.17 8.91
Q2 2018 12.00 2.34 2.34 8.54
Q3 2018 12.00 2.21 2.21 9.09
Q4 2018 12.00 2.01 2.01 10.62
Q1 2019 12.00 1.66 1.66 10.88
Q2 2019 12.00 1.68 1.68 11.33
Q3 2019 12.00 1.98 1.98 12.28
Q4 2019 12.00 0.52 0.52 10.78
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 12.00 0.68 0.68 -
Q4 2020 12.00 1.70 1.70 13.25
Q1 2021 12.00 1.62 1.62 -
Q2 2021 12.00 3.98 3.98 15.34
Q3 2021 12.00 5.91 5.91 17.69
Q4 2021 12.00 6.12 6.12 19.00
Q1 2022 12.00 6.59 6.59 -
Q2 2022 12.00 6.68 6.68 21.71
Q3 2022 12.00 5.87 5.87 24.30

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 9.41 9.41 2.58
Q3 2018 9.94 9.94 2.42
Q4 2018 10.95 10.95 2.07
Q1 2019 More than 100 More than 100 16.55
Q2 2019 More than 100 More than 100 15.88
Q3 2019 90.91 90.91 14.66
Q4 2019 More than 100 More than 100 12.94
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 More than 100 More than 100 -
Q4 2020 More than 100 More than 100 34.52
Q1 2021 More than 100 More than 100 -
Q2 2021 75.74 75.74 19.66
Q3 2021 45.25 45.25 15.11
Q4 2021 54.44 54.44 17.53
Q1 2022 45.32 45.32 -
Q2 2022 40.99 40.99 12.62
Q3 2022 42.59 42.59 10.29

Business Segments (Million)

Compared With The
Period Contracting Projects Iron Industry commercial sector Information technology
Q3 2020 - 43.51 22.20 -
Q4 2020 - 36.88 30.45 -
Q3 2021 58.52 90.67 14.42 -
Q4 2021 100.89 90.07 25.82 -
Q3 2022 25.13 118.90 2.85 1.17


Financial Ratios
Current
Market Cap (M Riyal) 2,592.00
Enterprise Value (EV) (M) 2,961.37
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 8.76
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Share Price

National Building and Marketing Co.
216.00
1.00 0.47 %

National Building and Marketing Co. (NBM)

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