Sadr Logistics turns to SAR 2.6 mln profit in 2020

18/03/2021 Argaam Exclusive

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Sadr Logistics Co. posted a net profit after Zakat and tax of SAR 2.6 million for 2020, against a net loss of SAR 1.9 million a year earlier.

The strong performance was lifted by a 29% rise year-on-year (YoY) in sales and revenue, as the company expanded in the logistics services sector and concluded long-term contracts with its customers in the same sector. The annual results were also driven by higher sales of storage equipment and other sectors, lower government costs for the industrial sector and lower selling costs, due to lower transportation and installation costs for projects.

Financials (M)

Item	2019	2020	Change‬
Revenues	42.04	54.28	29.1 %
Gross Income	9.81	14.68	49.6 %
Operating Income	(1.67)	3.92	334.1 %
Net Income	(1.90)	2.58	235.5 %
Average Shares	153.96	153.96	-
EPS (Riyals)	(0.01)	0.02	235.5 %

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	11.19	21.58	92.9 %
Gross Income	2.28	4.90	114.7 %
Operating Income	(1.33)	1.81	236.1 %
Net Income	(1.54)	0.81	152.5 %
Average Shares	153.96	153.96	-
EPS (Riyals)	(0.01)	0.01	152.5 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	11.65	21.58	85.3 %
Gross Income	3.52	4.90	39.4 %
Operating Income	0.77	1.81	135.1 %
Net Income	0.55	0.81	45.8 %
Average Shares	153.96	153.96	-
EPS (Riyals)	0.00	0.01	45.8 %

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	35.70	-	6.12	-	2.12	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	32.11	(10.1 %)	7.28	18.8 %	2.41	13.9 %
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	45.72	42.4 %	9.10	25.1 %	3.03	25.6 %
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	48.26	5.5 %	15.39	69.1 %	5.47	80.6 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	38.42	(20.4 %)	14.58	(5.2 %)	7.20	31.6 %
Q1 2017	14.75	-	6.39	-	3.00	-
Q2 2017	9.04	-	3.16	-	1.11	-
Q3 2017	10.64	-	3.37	-	1.33	-
Q4 2017	11.76	-	4.36	-	0.87	-
2017	46.19	20.2 %	17.28	18.5 %	6.31	(12.4 %)
Q1 2018	11.94	(19.1 %)	4.06	(36.4 %)	1.67	(44.3 %)
Q2 2018	10.68	18.2 %	3.14	(0.6 %)	0.87	(21.3 %)
Q3 2018	9.26	(13.0 %)	3.17	(6.0 %)	0.93	(30.3 %)
Q4 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 %)
Q1 2019	7.78	(34.8 %)	1.75	(57.0 %)	(0.88)	(152.9 %)
Q2 2019	11.02	3.2 %	2.66	(15.5 %)	0.16	(81.2 %)
Q3 2019	12.05	30.1 %	3.13	(1.3 %)	0.37	(59.7 %)
Q4 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 %)
Q1 2020	10.26	32.0 %	2.35	34.4 %	(0.31)	65.0 %
Q2 2020	10.79	(2.0 %)	3.91	47.3 %	1.65	904.3 %
Q3 2020	11.65	(3.4 %)	3.52	12.6 %	0.77	105.6 %
Q4 2020	21.58	92.9 %	4.90	114.7 %	1.81	236.1 %
2020	54.28	29.1 %	14.68	49.6 %	3.92	334.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2020	54.28	29.1 %	14.68	49.6 %	3.92	334.1 %

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	2.49	-	0.02	-	2.49	0.02
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	2.40	(3.8 %)	0.02	-	2.40	0.02
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	2.93	22.1 %	0.02	-	2.93	0.02
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	4.81	64.2 %	0.04	-	4.81	0.04
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	7.10	47.6 %	0.06	-	7.10	0.06
Q1 2017	2.57	-	0.02	-	2.57	0.02
Q2 2017	1.08	-	0.01	-	1.08	0.01
Q3 2017	1.14	-	0.01	-	1.14	0.01
Q4 2017	0.89	-	0.01	-	0.89	0.01
2017	5.68	(19.9 %)	0.04	-	5.68	0.04
Q1 2018	1.52	(41.0 %)	0.01	-	1.52	0.01
Q2 2018	0.83	(22.9 %)	0.01	-	0.83	0.01
Q3 2018	0.86	(24.6 %)	0.01	-	0.86	0.01
Q4 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
Q1 2019	(0.85)	(156.0 %)	(0.01)	-	(0.85)	(0.01)
Q2 2019	0.23	(72.7 %)	0.00	-	0.23	0.00
Q3 2019	0.26	(70.4 %)	0.00	-	0.26	0.00
Q4 2019	(1.54)	44.2 %	(0.01)	-	(1.54)	(0.01)
2019	(1.90)	(513.9 %)	(0.01)	-	(1.90)	(0.01)
Q1 2020	(0.33)	61.8 %	0.00	-	(0.33)	0.00
Q2 2020	1.55	581.1 %	0.01	-	1.55	0.01
Q3 2020	0.55	116.9 %	0.00	-	0.55	0.00
Q4 2020	0.81	152.5 %	0.01	-	0.81	0.01
2020	2.58	235.5 %	0.02	-	2.58	0.02

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
2020	2.58	235.5 %	0.02	-	2.58	0.02

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	17.15 %	8.28 %	6.98 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	22.66 %	11.52 %	7.47 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	19.90 %	9.67 %	6.40 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	31.88 %	14.56 %	9.96 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	37.96 %	21.43 %	18.48 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	37.41 %	16.36 %	12.30 %
2017	37.41 %	16.37 %	12.30 %
Q1 2018	34.47 %	13.95 %	10.67 %
Q2 2018	33.17 %	12.90 %	9.74 %
Q3 2018	33.75 %	12.45 %	9.40 %
Q4 2018	27.28 %	6.11 %	3.24 %
2018	27.28 %	6.11 %	3.24 %
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 %)
Q1 2020	23.38 %	0.71 %	(3.10 %)
Q2 2020	26.34 %	4.09 %	(0.14 %)
Q3 2020	27.47 %	6.56 %	0.54 %
Q4 2020	27.04 %	14.77 %	4.75 %
2020	27.04 %	14.77 %	4.75 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
2020	27.04 %	14.77 %	4.75 %

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	-	-	-
Q1 2017	43.32 %	23.37 %	17.43 %
Q2 2017	34.96 %	15.37 %	11.95 %
Q3 2017	31.68 %	15.07 %	10.74 %
Q4 2017	37.06 %	9.51 %	7.56 %
Q1 2018	34.03 %	16.25 %	12.72 %
Q2 2018	29.41 %	10.72 %	7.80 %
Q3 2018	34.20 %	13.27 %	9.31 %
Q4 2018	5.40 %	(24.80 %)	(25.23 %)
Q1 2019	22.44 %	(6.76 %)	(10.93 %)
Q2 2019	24.09 %	4.66 %	2.06 %
Q3 2019	25.94 %	5.95 %	2.12 %
Q4 2019	20.41 %	(8.63 %)	(13.73 %)
Q1 2020	22.86 %	0.53 %	(3.17 %)
Q2 2020	36.22 %	18.58 %	14.32 %
Q3 2020	30.22 %	15.34 %	4.75 %
Q4 2020	22.72 %	19.34 %	3.73 %

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	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	153.96	-	-	0.23
Q2 2017	153.96	-	-	0.24
Q3 2017	153.96	-	-	0.25
Q4 2017	153.96	0.04	0.04	0.25
Q1 2018	153.96	0.03	0.03	0.26
Q2 2018	153.96	0.03	0.03	0.25
Q3 2018	153.96	0.03	0.03	0.26
Q4 2018	153.96	0.00	0.01	0.24
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
Q1 2020	153.96	(0.01)	(0.01)	-
Q2 2020	153.96	0.00	0.00	0.22
Q3 2020	153.96	0.00	0.00	-
Q4 2020	153.96	0.02	0.02	0.22

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2020	153.96	0.02	0.02	0.22

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	-	-	5.28
Q2 2017	-	-	4.24
Q3 2017	-	-	3.30
Q4 2017	24.63	24.63	3.61
Q1 2018	29.79	29.79	3.46
Q2 2018	31.84	31.84	3.58
Q3 2018	31.18	31.18	3.21
Q4 2018	More than 100	89.56	3.14
Q1 2019	NEG	NEG	3.97
Q2 2019	NEG	NEG	3.71
Q3 2019	NEG	NEG	3.49
Q4 2019	NEG	NEG	11.71
Q1 2020	NEG	NEG	-
Q2 2020	NEG	NEG	5.86
Q3 2020	More than 100	More than 100	-
Q4 2020	More than 100	More than 100	18.38

Period	P/E	Adjusted P/E	Price/book
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
2020	More than 100	More than 100	18.38

Business Segments (Million)

Compared With The

Period	Steel	Wood	Logistics	Others	Metal products and metal shelves	Wooden Pallets	Plastic Pallets	Forklifts
Q1 2017	10.20	3.52	-	1.03	-	-	-	-
Q2 2017	6.87	1.89	-	0.28	-	-	-	-
Q3 2017	6.69	1.99	-	1.96	-	-	-	-
Q1 2018	9.11	1.69	-	1.13	-	-	-	-
Q2 2018	7.56	1.60	-	1.52	-	-	-	-
Q3 2018	6.90	1.49	-	0.87	-	-	-	-
Q4 2018	4.74	1.70	-	1.21	-	-	-	-
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	-	-	-	-
Q1 2020	7.12	2.40	-	0.74	-	-	-	-
Q2 2020	7.30	2.15	-	1.34	-	-	-	-
Q3 2020	6.14	2.38	1.70	1.42	-	-	-	-
Q4 2020	7.54	2.76	2.79	8.49	-	-	-	-

Period	Steel	Wood	Logistics	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	-	-	-	-
2020	28.10	9.69	4.49	11.99	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	575.75
Enterprise Value (EV) (M)	574.20
Shares Outstanding ((M))	175.00
EPS ( Riyal) (TTM)	(0.07)
Book Value (BV) ( Riyal)	0.94
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.50
Return on Average Assets (%) (TTM)	(4.59 )
Return on Average Equity (%) (TTM)	(6.72 )

Sadr Logistics Co. (SADR)

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Sadr Logistics turns to SAR 2.6 mln profit in 2020

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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 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Sadr Logistics turns to SAR 2.6 mln profit in 2020

View other reports

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) Q4 2020

Revenue by Business Segment (Latest) 2020 Q4

Financial Ratios

Share Price

Sadr Logistics Co. (SADR)

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Business Segments (Million)