Abo Moati’s net profit drops 27% to SAR 720,000 in Q1 2020/21

Abo Moati’s net profit drops 27% to SAR 720,000 in Q1 2020/21

13/08/2020 Argaam Exclusive

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Abdulla Saad Mohammed Abo Moati for Bookstores Co. posted a drop of 27% in net profit after Zakat and tax to SAR 720,000 for the first quarter ended on June 30, 2020, compared to a net profit of SAR 990,000 a year earlier.

 

The profit decline was attributed to a 18.41% decrease year-on-year in sales, due to the precautionary measures adopted by the Kingdom to curb the COVID-19 pandemic.

When compared to Q4 2019/2020, net profit plunged 81% from SAR 3.8 million, hit by lower sales amid seasonal factors, and the precautionary measures adopted by the Kingdom to curb the COVID-19 pandemic.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 44.32 36.16 (18.4 %)
Gross Income 9.14 7.90 (13.6 %)
Operating Income 2.01 1.32 (34.0 %)
Net Income 0.99 (1.80) (282.0 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.05 (0.09) (282.0 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 110.07 - 12.04 - 5.55 -
Q2 2015 118.38 - 15.11 - 9.52 -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 73.59 (33.1 %) 7.41 (38.4 %) 1.54 (72.2 %)
Q2 2016 93.62 (20.9 %) 10.55 (30.2 %) 4.95 (48.0 %)
Q3 2016 101.08 - 15.77 - 8.42 -
Q4 2016 114.04 - 16.05 - 8.25 -
Q1 2017 52.51 (28.7 %) 9.15 23.4 % 2.43 57.6 %
Q2 2017 74.75 (20.2 %) 15.12 43.3 % 6.91 39.5 %
Q3 2017 96.67 (4.4 %) 14.86 (5.8 %) 7.72 (8.3 %)
Q4 2017 78.94 (30.8 %) 15.50 (3.4 %) 4.80 (41.8 %)
Q1 2018 47.70 (9.1 %) 8.66 (5.3 %) 1.95 (19.8 %)
Q2 2018 92.81 24.2 % 18.60 23.0 % 8.30 20.1 %
Q3 2018 99.17 2.6 % 17.62 18.5 % 7.47 (3.3 %)
Q4 2018 77.18 (2.2 %) 16.76 8.1 % 6.39 33.0 %
Q1 2019 44.32 (7.1 %) 9.14 5.5 % 2.01 2.8 %
Q2 2019 92.63 (0.2 %) 17.83 (4.2 %) 7.11 (14.4 %)
Q3 2019 84.59 (14.7 %) 17.29 (1.9 %) 5.86 (21.5 %)
Q4 2019 75.53 (2.1 %) 15.92 (5.0 %) 4.68 (26.7 %)
Q1 2020 36.16 (18.4 %) 7.90 (13.6 %) 1.32 (34.0 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 4.42 - 0.22 - 4.42 0.22
Q2 2015 8.06 - 0.40 - 8.06 0.40
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 1.20 (72.8 %) 0.06 - 1.20 0.06
Q2 2016 3.82 (52.6 %) 0.19 - 3.82 0.19
Q3 2016 7.45 - 0.37 - 7.45 0.37
Q4 2016 7.11 - 0.36 - 7.11 0.36
Q1 2017 1.43 18.8 % 0.07 - 1.43 0.07
Q2 2017 4.99 30.6 % 0.25 - 4.99 0.25
Q3 2017 7.04 (5.4 %) 0.35 - 7.04 0.35
Q4 2017 4.67 (34.3 %) 0.23 - 4.67 0.23
Q1 2018 1.54 8.2 % 0.08 - 1.54 0.08
Q2 2018 5.87 17.5 % 0.29 - 5.87 0.29
Q3 2018 6.19 (12.1 %) 0.31 - 6.19 0.31
Q4 2018 4.62 (1.2 %) 0.23 - 4.62 0.23
Q1 2019 0.99 (35.9 %) 0.05 - 0.99 0.05
Q2 2019 4.36 (25.7 %) 0.22 - 4.36 0.22
Q3 2019 4.78 (22.9 %) 0.24 - 4.78 0.24
Q4 2019 3.75 (18.7 %) 0.19 - 3.75 0.19
Q1 2020 (1.80) (282.0 %) (0.09) (2.52) 0.72 0.04

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 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 13.02 % 6.71 % 5.12 %
Q1 2017 14.26 % 7.35 % 5.48 %
Q2 2017 16.38 % 8.31 % 6.13 %
Q3 2017 16.32 % 8.27 % 6.09 %
Q4 2017 18.04 % 8.13 % 5.99 %
Q1 2018 18.16 % 8.12 % 6.12 %
Q2 2018 18.23 % 8.11 % 6.05 %
Q3 2018 18.95 % 7.95 % 5.73 %
Q4 2018 19.45 % 8.51 % 5.75 %
Q1 2019 19.81 % 8.81 % 5.63 %
Q2 2019 19.58 % 8.63 % 5.16 %
Q3 2019 20.42 % 8.77 % 4.93 %
Q4 2019 20.25 % 8.60 % 4.67 %
Q1 2020 20.40 % 8.75 % 4.71 %


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 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 20.00 - - -
Q2 2015 20.00 - - 10.13
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 20.00 - - 10.00
Q2 2016 20.00 - - 10.24
Q3 2016 20.00 - - 10.17
Q4 2016 20.00 0.98 0.98 10.52
Q1 2017 20.00 0.99 0.99 10.61
Q2 2017 20.00 1.05 1.05 10.87
Q3 2017 20.00 1.03 1.03 10.82
Q4 2017 20.00 0.91 0.91 11.01
Q1 2018 20.00 0.91 0.91 11.09
Q2 2018 20.00 0.96 0.96 10.94
Q3 2018 20.00 0.91 0.91 11.28
Q4 2018 20.00 0.91 0.91 11.53
Q1 2019 20.00 0.88 0.88 11.60
Q2 2019 20.00 0.81 0.81 11.40
Q3 2019 20.00 0.74 0.74 11.65
Q4 2019 20.00 0.69 0.69 11.78
Q1 2020 20.00 0.55 0.68 11.73

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 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 13.74 13.74 1.28
Q2 2017 9.99 9.99 0.96
Q3 2017 9.18 9.18 0.87
Q4 2017 11.21 11.21 0.92
Q1 2018 10.05 10.05 0.83
Q2 2018 9.52 9.52 0.83
Q3 2018 8.34 8.34 0.68
Q4 2018 10.77 10.77 0.85
Q1 2019 12.68 12.68 0.97
Q2 2019 17.33 17.33 1.23
Q3 2019 15.60 15.60 0.99
Q4 2019 27.64 27.64 1.63
Q1 2020 23.13 18.84 1.09

Business Segments (Million)

Compared With The
Period Retail and wholesale Inks segment Head office and leasing and others
Q3 2019 55.46 29.13 -
Q4 2019 48.80 26.73 -
Q1 2020 22.55 13.61 0.37

Current
Market Cap (M Riyal) 608.00
Enterprise Value (EV) (M) 655.34
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 1.19
Book Value (BV) ( Riyal) 12.05
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.20
P/E (TTM) 25.54
Price/book 2.52
Return on Average Assets (%) (TTM) 7.1
Return on Average Equity (%) (TTM) 9.9

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (ABO MOATI)


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