Al-Samaani posts SAR 1.9 mln loss in FY19

29/03/2020 Argaam Exclusive

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Al-Samaani Factory for Metal Industries Co. posted a net loss after Zakat and tax of SAR 1.9 million for the fiscal year 2019, against a net profit of SAR 459,000 a year earlier.

The losses were attributed to lower selling prices amid fierce competition. Moreover, selling, general and administrative expenses also increased despite a decline in loan and Zakat provisions, finance costs as well as other income.

Financials (M)

Item	2018	2019	Change‬
Revenues	39.53	42.04	6.3 %
Gross Income	10.78	9.81	(9.0 %)
Operating Income	1.28	(1.67)	(230.5 %)
Net Income	0.46	(1.90)	(513.9 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.00	(0.01)	(513.9 %)

In Q4 2019, the company also trimmed net losses to SAR 1.5 million, from SAR 2.8 million in year-earlier period.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2018	H2 2019	Change‬
Revenues	7.65	11.19	46.2 %
Gross Income	0.41	2.28	453.0 %
Operating Income	(2.19)	(1.33)	39.3 %
Net Income	(2.75)	(1.54)	44.2 %
Average Shares	153.96	153.96	-
EPS (Riyals)	(0.02)	(0.01)	44.2 %

Item	H1 2019	H2 2019	Change‬
Revenues	11.02	11.19	1.5 %
Gross Income	2.66	2.28	(14.0 %)
Operating Income	0.16	(1.33)	(909.8 %)
Net Income	0.23	(1.54)	(776.7 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.00	(0.01)	(776.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	35.70	-	6.12	-	2.12	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.41	13.9 %
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	45.72	42.4 %	9.10	25.1 %	3.03	25.6 %
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	48.26	5.5 %	15.39	69.1 %	5.47	80.6 %
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.20	31.6 %
H1 2017	9.04	-	3.16	-	1.11	-
H2 2017	11.76	-	4.36	-	0.87	-
2017	46.19	20.2 %	17.28	18.5 %	6.31	(12.4 %)
H1 2018	10.68	18.2 %	3.14	(0.6 %)	0.87	(21.3 %)
H2 2018	7.65	(34.9 %)	0.41	(90.5 %)	(2.19)	(351.0 %)
2018	39.53	(14.4 %)	10.78	(37.6 %)	1.28	(79.7 %)
H1 2019	11.02	3.2 %	2.66	(15.5 %)	0.16	(81.2 %)
H2 2019	11.19	46.2 %	2.28	453.0 %	(1.33)	39.3 %
2019	42.04	6.3 %	9.81	(9.0 %)	(1.67)	(230.5 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	35.70	-	6.12	-	2.12	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.41	13.9 %
2014	45.72	42.4 %	9.10	25.1 %	3.03	25.6 %
2015	48.26	5.5 %	15.39	69.1 %	5.47	80.6 %
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.20	31.6 %
2017	46.19	20.2 %	17.28	18.5 %	6.31	(12.4 %)
2018	39.53	(14.4 %)	10.78	(37.6 %)	1.28	(79.7 %)
2019	42.04	6.3 %	9.81	(9.0 %)	(1.67)	(230.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	2.49	-	0.02	-	2.49	0.02
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	2.40	(3.8 %)	0.02	-	2.40	0.02
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	2.93	22.1 %	0.02	-	2.93	0.02
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	4.81	64.2 %	0.04	-	4.81	0.04
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	7.10	47.6 %	0.06	-	7.10	0.06
H1 2017	1.08	-	0.01	-	1.08	0.01
H2 2017	0.89	-	0.01	-	0.89	0.01
2017	5.68	(19.9 %)	0.04	-	5.68	0.04
H1 2018	0.83	(22.9 %)	0.01	-	0.83	0.01
H2 2018	(2.75)	(409.7 %)	(0.02)	(0.82)	(1.93)	(0.01)
2018	0.46	(91.9 %)	0.00	(0.82)	1.28	0.01
H1 2019	0.23	(72.7 %)	0.00	-	0.23	0.00
H2 2019	(1.54)	44.2 %	(0.01)	-	(1.54)	(0.01)
2019	(1.90)	(513.9 %)	(0.01)	-	(1.90)	(0.01)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	2.49	-	0.02	-	2.49	0.02
2013	2.40	(3.8 %)	0.02	-	2.40	0.02
2014	2.93	22.1 %	0.02	-	2.93	0.02
2015	4.81	64.2 %	0.04	-	4.81	0.04
2016	7.10	47.6 %	0.06	-	7.10	0.06
2017	5.68	(19.9 %)	0.04	-	5.68	0.04
2018	0.46	(91.9 %)	0.00	(0.82)	1.28	0.01
2019	(1.90)	(513.9 %)	(0.01)	-	(1.90)	(0.01)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2010	-	-	-
H2 2010	-	-	-
2010	-	-	-
H1 2011	-	-	-
H2 2011	-	-	-
2011	-	-	-
H1 2012	-	-	-
H2 2012	-	-	-
2012	17.15 %	8.28 %	6.98 %
H1 2013	-	-	-
H2 2013	-	-	-
2013	22.66 %	11.52 %	7.47 %
H1 2014	-	-	-
H2 2014	-	-	-
2014	19.90 %	9.67 %	6.40 %
H1 2015	-	-	-
H2 2015	-	-	-
2015	31.88 %	14.56 %	9.96 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	37.96 %	21.43 %	18.48 %
H1 2017	-	-	-
H2 2017	37.41 %	16.36 %	12.30 %
2017	37.41 %	16.37 %	12.30 %
H1 2018	33.17 %	12.90 %	9.74 %
H2 2018	27.28 %	6.11 %	3.24 %
2018	27.28 %	6.11 %	3.24 %
H1 2019	22.35 %	(1.91 %)	(4.74 %)
H2 2019	23.34 %	(0.62 %)	(4.53 %)
2019	23.34 %	(0.62 %)	(4.53 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	-	-	-
2011	-	-	-
2012	17.15 %	8.28 %	6.98 %
2013	22.66 %	11.52 %	7.47 %
2014	19.90 %	9.67 %	6.40 %
2015	31.88 %	14.56 %	9.96 %
2016	37.96 %	21.43 %	18.48 %
2017	37.41 %	16.37 %	12.30 %
2018	27.28 %	6.11 %	3.24 %
2019	23.34 %	(0.62 %)	(4.53 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2010	-	-	-
H2 2010	-	-	-
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	34.96 %	15.37 %	11.95 %
H2 2017	37.06 %	9.51 %	7.56 %
H1 2018	29.41 %	10.72 %	7.80 %
H2 2018	5.40 %	(24.80 %)	(25.23 %)
H1 2019	24.09 %	4.66 %	2.06 %
H2 2019	20.41 %	(8.63 %)	(13.73 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2010	-	-	-	-
H2 2010	-	-	-	-
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	153.96	-	-	0.24
H2 2017	153.96	0.04	0.04	0.25
H1 2018	153.96	0.03	0.03	0.25
H2 2018	153.96	0.00	0.01	0.24
H1 2019	153.96	(0.02)	(0.01)	0.22
H2 2019	153.96	(0.01)	(0.01)	0.21

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	-	-	-	-
2011	-	-	-	-
2012	123.17	0.02	0.02	0.06
2013	123.17	0.02	0.02	0.06
2014	123.17	0.02	0.02	0.09
2015	123.17	0.04	0.04	0.09
2016	123.17	0.06	0.06	0.14
2017	153.96	0.04	0.04	0.25
2018	153.96	0.00	0.01	0.24
2019	153.96	(0.01)	(0.01)	0.21

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2010	-	-	-
H2 2010	-	-	-
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	-	-	4.24
H2 2017	24.63	24.63	3.61
H1 2018	31.84	31.84	3.58
H2 2018	More than 100	89.56	3.14
H1 2019	NEG	NEG	3.71
H2 2019	NEG	NEG	11.71

Period	P/E	Adjusted P/E	Price/book
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	24.63	24.63	3.61
2018	More than 100	89.63	3.14
2019	NEG	NEG	11.71

Business Segments (Million)

Compared With The

Period	Steel	Wood	Others	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
Q2 2017	6.87	1.89	0.28	-	-	-	-
Q2 2018	7.56	1.60	1.52	-	-	-	-
Q4 2018	4.74	1.70	1.21	-	-	-	-
Q2 2019	7.64	2.46	0.93	-	-	-	-
Q4 2019	7.60	3.38	0.21	-	-	-	-

Period	Steel	Wood	Others	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
2014	-	-	-	29.75	12.07	3.46	0.44
2015	-	-	-	33.32	9.68	4.23	1.03
2016	-	-	-	26.50	8.32	3.53	0.07
2017	32.79	8.36	5.05	-	-	-	-
2018	28.32	6.48	4.73	-	-	-	-
2019	27.99	10.44	3.61	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	574.00
Enterprise Value (EV) (M)	534.19
Shares Outstanding ((M))	175.00
Book Value (BV) ( Riyal)	0.98
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
Price/book	3.34

Sadr Logistics Co. (SADR)

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Al-Samaani posts SAR 1.9 mln loss in FY19

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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) 2019 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Al-Samaani posts SAR 1.9 mln loss in FY19

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 2019

Revenue by Business Segment (Latest) 2019 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Business Segments (Million)