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.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2018 | Q4 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 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2019 | 7.78 | (34.8 %) | 1.75 | (57.0 %) | (0.85) | (156.0 %) | (0.01) |
| Q2 2019 | 11.02 | 3.2 % | 2.66 | (15.5 %) | 0.23 | (72.7 %) | 0.00 |
| Q3 2019 | 12.05 | 30.1 % | 3.13 | (1.3 %) | 0.26 | (70.4 %) | 0.00 |
| Q4 2019 | 11.19 | 46.2 % | 2.28 | 453.0 % | (1.54) | 44.2 % | (0.01) |
| 2019 | 42.04 | 6.3 % | 9.81 | (9.0 %) | (1.90) | (513.9 %) | (0.01) |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2019 | 23.94 % | (0.14 %) | (3.07 %) |
| Q2 2019 | 22.35 % | (1.91 %) | (4.74 %) |
| Q3 2019 | 20.62 % | (3.10 %) | (5.97 %) |
| Q4 2019 | 23.34 % | (0.62 %) | (4.53 %) |
| 2019 | 23.34 % | (0.62 %) | (4.53 %) |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 153.96 | (0.01) | (0.01) | 0.23 |
| Q2 2019 | 153.96 | (0.02) | (0.01) | 0.22 |
| Q3 2019 | 153.96 | (0.02) | (0.01) | 0.22 |
| Q4 2019 | 153.96 | (0.01) | (0.01) | 0.21 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2019 | NEG | NEG | 3.97 |
| Q2 2019 | NEG | NEG | 3.71 |
| Q3 2019 | NEG | NEG | 3.49 |
| Q4 2019 | NEG | NEG | 11.71 |
Business Segments (Million)
Q4 2019
| Period | Steel | Wood | Others | Metal products and metal shelves | Wooden Pallets | Plastic Pallets | Forklifts |
|---|---|---|---|---|---|---|---|
| Q1 2019 | 5.51 | 2.08 | 0.19 | - | - | - | - |
| Q2 2019 | 7.64 | 2.46 | 0.93 | - | - | - | - |
| Q3 2019 | 7.24 | 2.52 | 2.28 | - | - | - | - |
| Q4 2019 | 7.60 | 3.38 | 0.21 | - | - | - | - |
| Current | |
| Market Cap (M Riyal) | 581.00 |
| Enterprise Value (EV) (M) | 541.19 |
| Shares Outstanding ((M)) | 175.00 |
| Book Value (BV) ( Riyal) | 0.98 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | Neg |
| Price/book | 3.38 |
Share Price
Sadr Logistics Co. (SADR)
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