Abo Moati net profit down 56% to SAR 4.5 mln in 9M FY2020/21

09/02/2021 Argaam Exclusive

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Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) reported a net profit after Zakat and tax of SAR 4.5 million for the nine months period ended Dec. 31, 2020, 56% year-on-year (YoY) decline, from compared to SAR 10.1 million in the same period last year.

The fall in net profit was attributed to 25.6% decline in sales due to the decisions issued by the competent authorities within the precautionary measures and decisions to convert the study pattern to distance education to mitigate the spread of the COVID-19. In addition, the company paid customs differences pertaining to previous years amounting to SAR 2.5 million.

Financials (M)

Item	9m 2019	9m 2020	Change‬
Revenues	221.55	164.81	(25.6 %)
Gross Income	44.25	34.19	(22.7 %)
Operating Income	14.98	7.42	(50.5 %)
Net Income	10.12	4.50	(55.6 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.51	0.22	(55.6 %)

Current Quarter Comparison (M)

Compared With The

Item	Q3 2019	Q3 2020	Change‬
Revenues	84.59	68.39	(19.2 %)
Gross Income	17.29	13.89	(19.6 %)
Operating Income	5.86	4.21	(28.2 %)
Net Income	4.78	3.00	(37.3 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.24	0.15	(37.3 %)

Item	Q2 2020	Q3 2020	Change‬
Revenues	60.26	68.39	13.5 %
Gross Income	12.40	13.89	12.1 %
Operating Income	1.88	4.21	123.9 %
Net Income	3.30	3.00	(9.3 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.17	0.15	(9.3 %)

The company reported a net profit of SAR 3 million in Q3 ending Dec. 31, 2020, a 37% YoY decline, from SAR 4.8 million in the same quarter last year on lower sales.

When compared to previous quarter, net profit almost quadrupled due to higher sales as a result of returning to normal activities after the curfew period during the first quarter.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	508.30	-	57.11	-	32.29	-
Q1 2015	110.07	-	12.04	-	5.55	-
Q2 2015	118.38	-	15.11	-	9.52	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	440.16	(13.4 %)	50.34	(11.9 %)	24.30	(24.8 %)
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	-
2016	382.33	(13.1 %)	49.78	(1.1 %)	23.45	(3.5 %)
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 %)
2017	302.87	(20.8 %)	54.63	9.7 %	21.87	(6.7 %)
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 %
2018	316.86	4.6 %	61.63	12.8 %	24.11	10.2 %
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 %)
2019	297.07	(6.2 %)	60.17	(2.4 %)	19.66	(18.5 %)
Q1 2020	36.16	(18.4 %)	7.90	(13.6 %)	1.32	(34.0 %)
Q2 2020	60.26	(34.9 %)	12.40	(30.4 %)	1.88	(73.5 %)
Q3 2020	68.39	(19.2 %)	13.89	(19.6 %)	4.21	(28.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	508.30	-	57.11	-	32.29	-
2015	440.16	(13.4 %)	50.34	(11.9 %)	24.30	(24.8 %)
2016	382.33	(13.1 %)	49.78	(1.1 %)	23.45	(3.5 %)
2017	302.87	(20.8 %)	54.63	9.7 %	21.87	(6.7 %)
2018	316.86	4.6 %	61.63	12.8 %	24.11	10.2 %
2019	297.07	(6.2 %)	60.17	(2.4 %)	19.66	(18.5 %)

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	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	27.55	-	1.38	-	27.55	1.38
Q1 2015	4.42	-	0.22	-	4.42	0.22
Q2 2015	8.06	-	0.40	-	8.06	0.40
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	19.43	(29.5 %)	0.97	-	19.43	0.97
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
2016	20.19	3.9 %	1.01	-	20.19	1.01
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
2017	18.13	(10.2 %)	0.91	-	18.13	0.91
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
2018	18.21	0.5 %	0.91	-	18.21	0.91
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
2019	13.88	(23.8 %)	0.69	-	13.88	0.69
Q1 2020	(1.80)	(282.0 %)	(0.09)	(2.52)	0.72	0.04
Q2 2020	3.30	(24.2 %)	0.17	-	3.30	0.17
Q3 2020	3.00	(37.3 %)	0.15	-	3.00	0.15

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	27.55	-	1.38	-	27.55	1.38
2015	19.43	(29.5 %)	0.97	-	19.43	0.97
2016	20.19	3.9 %	1.01	-	20.19	1.01
2017	18.13	(10.2 %)	0.91	-	18.13	0.91
2018	18.21	0.5 %	0.91	-	18.21	0.91
2019	13.88	(23.8 %)	0.69	-	13.88	0.69

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	11.23 %	6.71 %	5.42 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	11.44 %	5.87 %	4.41 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	13.02 %	6.71 %	5.12 %
2016	13.02 %	6.79 %	5.28 %
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 %
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 %
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 %
2019	20.25 %	8.60 %	4.67 %
Q1 2020	20.40 %	8.75 %	4.71 %
Q2 2020	20.85 %	7.99 %	4.89 %
Q3 2020	20.85 %	7.93 %	4.48 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	11.23 %	6.71 %	5.42 %
2015	11.44 %	5.87 %	4.41 %
2016	13.02 %	6.79 %	5.28 %
2017	18.04 %	8.13 %	5.99 %
2018	19.45 %	8.51 %	5.75 %
2019	20.25 %	8.60 %	4.67 %

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	10.94 %	-	4.01 %
Q2 2015	12.77 %	-	6.81 %
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	10.07 %	2.96 %	1.63 %
Q2 2016	11.27 %	6.02 %	4.08 %
Q3 2016	15.61 %	8.95 %	7.37 %
Q4 2016	14.07 %	7.72 %	6.24 %
Q1 2017	17.42 %	5.82 %	2.71 %
Q2 2017	20.22 %	10.10 %	6.68 %
Q3 2017	15.38 %	8.81 %	7.28 %
Q4 2017	19.64 %	6.97 %	5.92 %
Q1 2018	18.16 %	5.51 %	3.23 %
Q2 2018	20.04 %	9.69 %	6.32 %
Q3 2018	17.76 %	8.27 %	6.24 %
Q4 2018	21.71 %	9.25 %	5.98 %
Q1 2019	20.61 %	7.43 %	2.23 %
Q2 2019	19.24 %	9.08 %	4.70 %
Q3 2019	20.43 %	8.71 %	5.65 %
Q4 2019	21.08 %	8.57 %	4.97 %
Q1 2020	21.84 %	8.42 %	1.99 %
Q2 2020	20.57 %	5.99 %	5.48 %
Q3 2020	20.31 %	8.68 %	4.38 %

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
Q2 2020	20.00	0.50	0.63	11.48
Q3 2020	20.00	0.41	0.54	11.60

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	20.00	1.38	1.38	9.56
2015	20.00	0.97	0.97	9.98
2016	20.00	1.01	1.01	10.52
2017	20.00	0.91	0.91	11.01
2018	20.00	0.91	0.91	11.53
2019	20.00	0.69	0.69	11.78

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
Q2 2020	32.54	26.01	1.42
Q3 2020	74.18	56.82	2.64

Period	P/E	Adjusted P/E	Price/book
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	11.21	11.21	0.92
2018	10.77	10.77	0.85
2019	27.64	27.64	1.63

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
Q3 2020	40.21	28.18	-

Period	Retail and wholesale	Inks segment	Head office and leasing and others
2019	194.77	102.30	-

Financial Ratios

	Current
Market Cap (M Riyal)	606.00
Enterprise Value (EV) (M)	646.57
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)	28.70
P/E (TTM)	25.46
Price/book	2.51
Return on Average Assets (%) (TTM)	7.3
Return on Average Equity (%) (TTM)	9.9

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

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Abo Moati net profit down 56% to SAR 4.5 mln in 9M FY2020/21

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Financials (M)

Current Quarter 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 Q3

Financial Ratios

Share Price

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

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Abo Moati net profit down 56% to SAR 4.5 mln in 9M FY2020/21

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Financials (M)

Current Quarter 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) Q3 2020

Revenue by Business Segment (Latest) 2020 Q3

Financial Ratios

Share Price

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

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Business Segments (Million)