Ataa Educational net profit plunges 70% to SAR 4.9 mln in Q1 2020/21

09/12/2020 Argaam Exclusive

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Ataa Educational Co. reported a net profit after Zakat and tax of SAR 4.9 million for Q1 2020/21 ending on Oct. 31, 2020, compared to a net profit of SAR 16.2 million a year earlier.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Revenues	81.11	61.23	(24.5 %)
Gross Income	25.53	13.71	(46.3 %)
Operating Income	18.50	7.86	(57.5 %)
Net Income	16.25	4.92	(69.7 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.41	0.12	(69.7 %)

Item	Q4 2020	Q1 2021	Change‬
Revenues	86.70	61.23	(29.4 %)
Gross Income	40.70	13.71	(66.3 %)
Operating Income	32.95	7.86	(76.1 %)
Net Income	29.92	4.92	(83.6 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.75	0.12	(83.6 %)

The drop in net profit was attributed to a 25% decline year-on-year (YoY) in revenue, as Ataa offered additional discounts amid suspension of education at schools and the implementation of distance learning. In addition, the student count decreased by 8% YoY.

Moreover, other revenues fell by 44% YoY due to the suspension of student activities, closure of schools amid the COVID-19 outbreak.

Total shareholders’ equity, excluding minority, stood at SAR 754.118 million for the same period, a rise of 2.7% YoY.

When compared to the previous quarter, net profit slumped 83.6%, due to a 29% decline in revenue, as Ataa offered additional discounts amid suspension of education at schools and the implementation of distance learning. In addition, the student count decreased by 8% on a sequential basis.

Other revenues also shrank by 17% quarter-on-quarter.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	81.26	-	16.60	-	8.58	-
Q4 2018	84.56	-	42.06	-	37.95	-
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
Q1 2019	77.52	-	22.90	-	17.38	-
Q2 2019	80.39	-	22.39	-	16.83	-
Q3 2019	79.74	(1.9 %)	19.39	16.8 %	12.87	50.0 %
Q4 2019	82.94	(1.9 %)	43.69	3.9 %	38.87	2.4 %
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
Q1 2020	81.11	4.6 %	25.53	11.5 %	18.50	6.5 %
Q2 2020	84.48	5.1 %	24.89	11.1 %	18.57	10.3 %
Q3 2020	84.09	5.5 %	25.15	29.7 %	15.73	22.3 %
Q4 2020	86.70	4.5 %	40.70	(6.9 %)	32.95	(15.2 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %
Q1 2021	61.23	(24.5 %)	13.71	(46.3 %)	7.86	(57.5 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	331.31	-	124.86	-	94.59	-
2016	292.24	(11.8 %)	102.12	(18.2 %)	84.97	(10.2 %)
2017	339.69	16.2 %	118.97	16.5 %	97.34	14.6 %
2018	325.19	(4.3 %)	107.77	(9.4 %)	86.84	(10.8 %)
2019	320.59	(1.4 %)	107.85	0.1 %	85.42	(1.6 %)
2020	336.38	4.9 %	116.26	7.8 %	85.75	0.4 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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	-	-	-	-	-	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	94.39	14.2 %	4.36	-	94.39	4.36
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	9.05	-	0.23	-	9.05	0.23
Q4 2018	37.90	-	0.95	-	37.90	0.95
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
Q1 2019	17.12	-	0.43	-	17.12	0.43
Q2 2019	16.16	-	0.40	-	16.16	0.40
Q3 2019	12.01	32.7 %	0.30	-	12.01	0.30
Q4 2019	37.97	0.2 %	0.95	-	37.97	0.95
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
Q1 2020	16.25	(5.1 %)	0.41	-	16.25	0.41
Q2 2020	17.28	7.0 %	0.43	-	17.28	0.43
Q3 2020	12.34	2.8 %	0.31	-	12.34	0.31
Q4 2020	29.92	(21.2 %)	0.75	-	29.92	0.75
2020	75.80	(8.4 %)	1.89	-	75.80	1.89
Q1 2021	4.92	(69.7 %)	0.12	-	4.92	0.12

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	91.74	-	4.24	-	91.74	4.24
2016	82.66	(9.9 %)	3.82	-	82.66	3.82
2017	94.39	14.2 %	4.36	-	94.39	4.36
2018	87.91	(6.9 %)	2.20	-	87.91	2.20
2019	82.75	(5.9 %)	2.07	-	82.75	2.07
2020	75.80	(8.4 %)	1.89	-	75.80	1.89

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	37.68 %	33.26 %	27.69 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	34.94 %	33.95 %	28.28 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	35.02 %	33.00 %	27.79 %
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	33.14 %	30.85 %	27.03 %
Q1 2019	-	-	-
Q2 2019	32.11 %	29.72 %	24.78 %
Q3 2019	33.13 %	31.27 %	25.82 %
Q4 2019	33.80 %	31.77 %	25.97 %
2019	33.64 %	31.60 %	25.81 %
Q1 2020	34.24 %	33.56 %	25.42 %
Q2 2020	34.57 %	35.64 %	25.44 %
Q3 2020	35.85 %	38.12 %	25.21 %
Q4 2020	34.56 %	38.17 %	22.53 %
2020	34.56 %	38.17 %	22.53 %
Q1 2021	33.00 %	37.61 %	20.37 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	37.68 %	33.26 %	27.69 %
2016	34.94 %	33.95 %	28.28 %
2017	35.02 %	33.00 %	27.79 %
2018	33.14 %	30.85 %	27.03 %
2019	33.64 %	31.60 %	25.81 %
2020	34.56 %	38.17 %	22.53 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	20.43 %	15.11 %	11.14 %
Q4 2018	49.74 %	49.44 %	44.82 %
Q1 2019	29.53 %	27.70 %	22.08 %
Q2 2019	27.86 %	25.71 %	20.10 %
Q3 2019	24.32 %	21.08 %	15.07 %
Q4 2019	52.68 %	51.71 %	45.78 %
Q1 2020	31.47 %	35.04 %	20.04 %
Q2 2020	29.46 %	34.20 %	20.46 %
Q3 2020	29.91 %	31.63 %	14.68 %
Q4 2020	46.94 %	51.31 %	34.51 %
Q1 2021	22.39 %	31.14 %	8.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	40.00	-	-	-
Q4 2018	40.00	-	-	18.13
Q1 2019	40.00	-	-	18.07
Q2 2019	40.00	2.01	2.01	17.45
Q3 2019	40.00	2.08	2.08	17.74
Q4 2019	40.00	2.08	2.08	18.66
Q1 2020	40.00	2.06	2.06	18.36
Q2 2020	40.00	2.09	2.09	17.77
Q3 2020	40.00	2.10	2.10	18.10
Q4 2020	40.00	1.89	1.89	18.73
Q1 2021	40.00	1.61	1.61	18.85

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	-	-	-	-
2015	21.64	4.24	4.24	24.12
2016	21.64	3.82	3.82	25.75
2017	21.64	4.36	4.36	29.61
2018	40.00	2.20	2.20	18.13
2019	40.00	2.07	2.07	18.66
2020	40.00	1.89	1.89	18.73

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	16.14	16.14	1.89
Q4 2019	14.94	14.94	1.67
Q1 2020	16.86	16.86	1.89
Q2 2020	19.15	19.15	2.25
Q3 2020	20.25	20.25	2.35
Q4 2020	21.93	21.93	2.22
Q1 2021	28.08	28.08	2.40

Period	P/E	Adjusted P/E	Price/book
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	15.03	15.03	1.67
2020	21.93	21.93	2.22

Business Segments (Million)

Compared With The

Period	Education sector	National Schools	International Schools	Indian Schools	French Schools
Q1 2019	-	48.31	19.46	7.47	2.28
Q2 2019	-	47.86	19.41	10.86	2.25
Q3 2019	-	47.65	19.16	10.70	2.23
Q4 2019	-	50.80	15.60	14.33	2.21
Q1 2020	-	49.89	21.53	7.38	2.31
Q2 2020	-	49.62	21.55	11.01	2.31
Q3 2020	-	49.60	21.32	10.90	2.28
Q4 2020	-	48.45	20.81	15.24	2.20
Q1 2021	61.23	-	-	-	-

Period	Education sector	National Schools	International Schools	Indian Schools	French Schools
2018	-	186.13	85.96	42.87	10.22
2019	-	194.63	73.63	43.36	8.97
2020	-	197.56	85.21	44.52	9.09

Financial Ratios

	Current
Market Cap (M Riyal)	3,165.17
Enterprise Value (EV) (M)	3,763.78
Shares Outstanding ((M))	42.09
EPS ( Riyal) (TTM)	1.51
Book Value (BV) ( Riyal)	19.04
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	49.95
P/E (TTM)	49.95
Price/book	3.95
Return on Average Assets (%) (TTM)	3.0
Return on Average Equity (%) (TTM)	8.0

Ataa Educational Co. (ATAA)

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Ataa Educational net profit plunges 70% to SAR 4.9 mln in Q1 2020/21

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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) 2021 Q1

Financial Ratios

Share Price

Ataa Educational Co. (ATAA)

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Ataa Educational net profit plunges 70% to SAR 4.9 mln in Q1 2020/21

View other reports

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) Q1 2021

Revenue by Business Segment (Latest) 2021 Q1

Financial Ratios

Share Price

Ataa Educational Co. (ATAA)

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Business Segments (Million)