Tabuk Cement swings to net loss of SAR 6.9 mln in Q1 2022

Tabuk Cement swings to net loss of SAR 6.9 mln in Q1 2022

19/05/2022 Argaam Exclusive

View other reports

Tabuk Cement Co. reported a net loss after Zakat and tax of SAR 6.9 million for the first quarter of 2022, against a net profit of SAR 10.1 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 76.96 62.18 (19.2 %)
Gross Income 20.95 5.02 (76.1 %)
Operating Income 14.08 (2.49) (117.7 %)
Net Income 10.06 (6.92) (168.8 %)
Average Shares 90.00 90.00 -
EPS (Riyals) 0.11 (0.08) (168.8 %)

The cement producer cited a decrease in average selling prices and other revenue, along with an increase in cost of revenue due to the periodic maintenance of the company’s factory.

 

Tabuk Cement turned to losses in the current quarter, against a net profit of SAR 340,000 in the fourth quarter of 2021, hurt by lower average selling prices.

 

Total shareholders’ equity, after minority interest, stood at SAR 1.260 billion for the three-month period, compared to SAR 1.259 billion in Q1 2021.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 107.61 6.7 % 62.22 9.5 % 56.06 13.9 % 0.62
Q2 2013 93.21 (12.2 %) 52.16 (15.3 %) 50.90 (10.3 %) 0.57
Q3 2013 68.93 (11.5 %) 34.10 (19.4 %) 28.35 (13.5 %) 0.32
Q4 2013 85.84 (19.7 %) 44.62 (22.0 %) 38.14 (24.1 %) 0.42
Q1 2014 96.64 (10.2 %) 50.00 (19.6 %) 44.00 (21.5 %) 0.49
Q2 2014 91.35 (2.0 %) 49.08 (5.9 %) 43.11 (15.3 %) 0.48
Q3 2014 56.77 (17.6 %) 27.37 (19.7 %) 21.62 (23.7 %) 0.24
Q4 2014 77.53 (9.7 %) 33.90 (24.0 %) 28.85 (24.4 %) 0.32
Q1 2015 84.01 (13.1 %) 38.14 (23.7 %) 32.63 (25.8 %) 0.36
Q2 2015 75.92 (16.9 %) 33.70 (31.3 %) 26.91 (37.6 %) 0.30
Q3 2015 47.32 (16.6 %) 14.25 (47.9 %) 9.23 (57.3 %) 0.10
Q4 2015 65.17 (15.9 %) 27.87 (17.8 %) 22.64 (21.5 %) 0.25
Q1 2016 75.49 (10.1 %) 26.65 (30.1 %) 21.31 (34.7 %) 0.24
Q2 2016 70.09 (7.7 %) 27.78 (17.6 %) 21.08 (21.7 %) 0.23
Q3 2016 49.66 4.9 % 13.20 (7.4 %) 7.85 (15.0 %) 0.09
Q4 2016 51.30 (21.3 %) 17.56 (37.0 %) 4.58 (79.8 %) 0.05
Q1 2017 57.46 (23.9 %) 14.67 (45.0 %) 8.68 (59.3 %) 0.10
Q2 2017 39.04 (44.3 %) 6.98 (74.9 %) 1.29 (93.9 %) 0.01
Q3 2017 28.45 (42.7 %) (6.60) (150.0 %) (12.20) (255.5 %) (0.14)
Q4 2017 41.66 (18.8 %) (5.80) (133.0 %) (21.53) (569.8 %) (0.24)
Q1 2018 46.74 (18.7 %) (1.59) (110.8 %) (11.23) (229.3 %) (0.12)
Q2 2018 41.27 5.7 % (3.53) (150.5 %) (36.08) (2896.7 %) (0.40)
Q3 2018 25.86 (9.1 %) (8.72) (32.1 %) (19.19) (57.3 %) (0.21)
Q4 2018 35.58 (14.6 %) (9.76) (68.2 %) (32.45) (50.7 %) (0.36)
Q1 2019 52.77 12.9 % 12.83 908.3 % 3.63 132.3 % 0.04
Q2 2019 61.15 48.2 % 13.15 472.9 % 8.98 124.9 % 0.10
Q3 2019 58.46 126.1 % 14.59 267.3 % 5.03 126.2 % 0.06
Q4 2019 66.28 86.3 % 14.01 243.6 % 6.55 120.2 % 0.07
Q1 2020 75.42 42.9 % 17.53 36.6 % 28.91 696.5 % 0.32
Q2 2020 49.99 (18.3 %) 9.91 (24.7 %) 0.54 (94.0 %) 0.01
Q3 2020 71.49 22.3 % 19.49 33.6 % 9.47 88.5 % 0.11
Q4 2020 79.56 20.0 % 21.33 52.2 % 12.66 93.4 % 0.14
Q1 2021 76.96 2.0 % 20.95 19.6 % 10.06 (65.2 %) 0.11
Q2 2021 49.26 (1.5 %) 9.46 (4.5 %) (1.13) (310.8 %) (0.01)
Q3 2021 48.00 (32.9 %) 8.79 (54.9 %) 8.48 (10.4 %) 0.09
Q4 2021 54.31 (31.7 %) 9.41 (55.9 %) 0.34 (97.3 %) 0.00
Q1 2022 62.18 (19.2 %) 5.02 (76.1 %) (6.92) (168.8 %) (0.08)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 56.04 % 66.64 % 49.13 %
Q2 2013 55.47 % 65.38 % 49.27 %
Q3 2013 54.61 % 64.01 % 49.27 %
Q4 2013 54.31 % 64.81 % 48.78 %
Q1 2014 52.49 % 63.25 % 46.98 %
Q2 2014 51.88 % 63.38 % 44.96 %
Q3 2014 51.75 % 63.63 % 44.58 %
Q4 2014 49.75 % 62.13 % 42.84 %
Q1 2015 47.95 % 61.48 % 40.76 %
Q2 2015 45.24 % 57.37 % 37.39 %
Q3 2015 42.13 % 57.32 % 34.28 %
Q4 2015 41.83 % 57.20 % 33.55 %
Q1 2016 38.83 % 55.93 % 30.35 %
Q2 2016 37.41 % 57.93 % 28.77 %
Q3 2016 36.67 % 56.67 % 27.98 %
Q4 2016 34.56 % 55.56 % 22.23 %
Q1 2017 32.04 % 54.82 % 18.46 %
Q2 2017 26.54 % 54.27 % 11.34 %
Q3 2017 18.50 % 59.18 % 1.34 %
Q4 2017 5.55 % 47.87 % (14.26 %)
Q1 2018 (4.50 %) 45.10 % (28.01 %)
Q2 2018 (11.08 %) 42.57 % (38.98 %)
Q3 2018 (12.62 %) 35.69 % (44.12 %)
Q4 2018 (15.79 %) 40.88 % (47.09 %)
Q1 2019 (5.90 %) 48.55 % (37.40 %)
Q2 2019 4.28 % 46.42 % (22.53 %)
Q3 2019 14.81 % 47.63 % (7.35 %)
Q4 2019 22.87 % 49.26 % 6.09 %
Q1 2020 22.68 % 44.82 % 16.24 %
Q2 2020 22.40 % 47.20 % 16.40 %
Q3 2020 23.15 % 46.11 % 17.27 %
Q4 2020 24.69 % 42.43 % 15.88 %
Q1 2021 25.78 % 40.67 % 9.01 %
Q2 2021 25.69 % 37.89 % 8.43 %
Q3 2021 23.85 % 34.90 % 4.88 %
Q4 2021 21.27 % 36.99 % 3.39 %
Q1 2022 15.29 % 31.92 % (4.32 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 90.00 2.18 2.18 13.58
Q2 2013 90.00 2.11 2.11 13.44
Q3 2013 90.00 2.06 2.06 12.76
Q4 2013 90.00 1.93 1.93 13.16
Q1 2014 90.00 1.79 1.80 13.65
Q2 2014 90.00 1.71 1.71 13.33
Q3 2014 90.00 1.63 1.64 12.57
Q4 2014 90.00 1.53 1.53 12.88
Q1 2015 90.00 1.40 1.40 13.24
Q2 2015 90.00 1.22 1.22 13.04
Q3 2015 90.00 1.08 1.08 13.14
Q4 2015 90.00 1.02 1.02 13.36
Q1 2016 90.00 0.89 0.89 13.56
Q2 2016 90.00 0.82 0.82 12.89
Q3 2016 90.00 0.81 0.81 12.98
Q4 2016 90.00 0.61 0.61 13.03
Q1 2017 90.00 0.47 0.47 13.13
Q2 2017 90.00 0.25 0.25 13.14
Q3 2017 90.00 0.03 0.03 13.01
Q4 2017 90.00 (0.26) (0.26) 12.79
Q1 2018 90.00 (0.49) (0.49) 12.67
Q2 2018 90.00 (0.90) (0.68) 12.26
Q3 2018 90.00 (0.98) (0.76) 12.05
Q4 2018 90.00 (1.10) (0.78) 12.90
Q1 2019 90.00 (0.93) (0.65) 12.94
Q2 2019 90.00 (0.43) (0.44) 13.04
Q3 2019 90.00 (0.16) (0.17) 13.10
Q4 2019 90.00 0.27 0.16 13.19
Q1 2020 90.00 0.55 0.47 13.52
Q2 2020 90.00 0.46 0.46 13.52
Q3 2020 90.00 0.51 0.51 13.63
Q4 2020 90.00 0.57 0.49 13.88
Q1 2021 90.00 0.36 0.28 13.96
Q2 2021 90.00 0.35 0.26 13.98
Q3 2021 90.00 0.33 0.14 14.08
Q4 2021 90.00 0.20 0.09 14.08
Q1 2022 90.00 0.01 (0.10) 14.01

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 11.63 11.63 1.86
Q2 2013 13.74 13.74 2.16
Q3 2013 14.40 14.40 2.33
Q4 2013 14.68 14.68 2.15
Q1 2014 16.67 16.62 2.19
Q2 2014 17.58 17.52 2.25
Q3 2014 19.43 19.36 2.52
Q4 2014 16.22 16.16 1.93
Q1 2015 16.76 16.76 1.77
Q2 2015 20.47 20.47 1.92
Q3 2015 19.08 19.08 1.58
Q4 2015 14.26 14.26 1.08
Q1 2016 16.95 16.95 1.11
Q2 2016 16.79 16.79 1.07
Q3 2016 13.54 13.54 0.84
Q4 2016 20.93 20.93 0.98
Q1 2017 26.60 26.60 0.95
Q2 2017 45.00 45.00 0.85
Q3 2017 More than 100 More than 100 0.82
Q4 2017 NEG NEG 1.09
Q1 2018 NEG NEG 1.07
Q2 2018 NEG NEG 1.07
Q3 2018 NEG NEG 1.06
Q4 2018 NEG NEG 0.86
Q1 2019 NEG NEG 0.93
Q2 2019 NEG NEG 0.92
Q3 2019 NEG NEG 1.15
Q4 2019 58.81 97.79 1.20
Q1 2020 18.85 21.97 0.77
Q2 2020 26.86 26.86 0.91
Q3 2020 32.43 32.43 1.20
Q4 2020 29.74 34.94 1.23
Q1 2021 54.56 71.29 1.42
Q2 2021 70.23 93.29 1.73
Q3 2021 60.81 More than 100 1.44
Q4 2021 88.49 More than 100 1.24
Q1 2022 More than 100 NEG 1.30

Business Segments (Million)

Compared With The
Period Cement Clinker Other

Analysts Estimates (Million)

Item Q1 2022 (e) Q1 2022 (a) Change‬
Average 5.74 (6.92) (220.7 %)

Estimates vs Actual (Million)

Item Q1 2022 (e) Q1 2022 (a) Change
Hermes 10.00 (6.92) (169.2) %
Sico 4.00 (6.92) (273.1) %
OSOOL AND BAKHEET 3.21 (6.92) (315.6) %


Financial Ratios
Current
Market Cap (M Riyal) 1,099.80
Enterprise Value (EV) (M) 1,205.16
Shares Outstanding ((M)) 90.00
EPS ( Riyal) (TTM) 0.18
Book Value (BV) ( Riyal) 14.52
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 0.84
Return on Average Assets (%) (TTM) 1.0
Return on Average Equity (%) (TTM) 1.3
more

Share Price

Tabuk Cement Co.
12.22
0.10 0.83 %

Tabuk Cement Co. (TCC)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.