Yamama Cement’s net profit surges 76% to SAR 124 mln in Q1 2020

Yamama Cement’s net profit surges 76% to SAR 124 mln in Q1 2020

22/04/2020 Argaam Exclusive

View other reports

Yamama Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 124 million for the first quarter of 2020, a rise of 76% year-on-year (YoY).



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 213.88 290.02 35.6 %
Gross Income 90.75 145.97 60.9 %
Operating Income 73.89 131.29 77.7 %
Net Income 70.63 123.97 75.5 %
Average Shares 202.50 202.50 -
EPS (Riyals) 0.35 0.61 75.5 %

The strong performance was driven by higher sales volumes, along with lower general and administrative expenses.

 

The first quarter net profit after Zakat and tax also jumped 59.3% when compared to Q4 2019, thanks to a rise in sales volumes, as well as lower general and administrative expenses.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2011 351.49 0.7 % 196.02 9.3 % 184.05 9.2 %
Q2 2011 420.19 24.7 % 232.95 17.2 % 218.24 16.4 %
Q3 2011 301.09 11.1 % 167.70 8.1 % 152.57 5.9 %
Q4 2011 369.45 17.3 % 212.59 19.0 % 195.78 17.9 %
Q1 2012 491.59 39.9 % 299.51 52.8 % 286.82 55.8 %
Q2 2012 412.62 (1.8 %) 226.00 (3.0 %) 213.63 (2.1 %)
Q3 2012 306.20 1.7 % 175.76 4.8 % 164.61 7.9 %
Q4 2012 365.44 (1.1 %) 212.81 0.1 % 197.90 1.1 %
Q1 2013 482.64 (1.8 %) 292.76 (2.3 %) 279.06 (2.7 %)
Q2 2013 455.52 10.4 % 268.89 19.0 % 256.26 20.0 %
Q3 2013 293.80 (4.0 %) 154.13 (12.3 %) 141.42 (14.1 %)
Q4 2013 309.90 (15.2 %) 165.25 (22.3 %) 151.96 (23.2 %)
Q1 2014 367.36 (23.9 %) 181.30 (38.1 %) 168.94 (39.5 %)
Q2 2014 366.02 (19.6 %) 198.63 (26.1 %) 182.69 (28.7 %)
Q3 2014 277.23 (5.6 %) 148.57 (3.6 %) 135.57 (4.1 %)
Q4 2014 318.26 2.7 % 183.72 11.2 % 171.10 12.6 %
Q1 2015 338.94 (7.7 %) 182.05 0.4 % 167.67 (0.8 %)
Q2 2015 339.50 (7.2 %) 188.03 (5.3 %) 169.92 (7.0 %)
Q3 2015 280.27 1.1 % 166.47 12.0 % 150.44 11.0 %
Q4 2015 352.36 10.7 % 199.89 8.8 % 185.12 8.2 %
Q1 2016 376.04 10.9 % 186.55 2.5 % 171.01 2.0 %
Q2 2016 280.46 (17.4 %) 113.02 (39.9 %) 97.02 (42.9 %)
Q3 2016 235.63 (15.9 %) 98.99 (40.5 %) 85.94 (42.9 %)
Q4 2016 232.88 (33.9 %) 71.50 (64.2 %) 57.61 (68.9 %)
Q1 2017 220.19 (41.4 %) 62.92 (66.3 %) 48.08 (71.9 %)
Q2 2017 194.75 (30.6 %) 32.95 (70.8 %) 15.25 (84.3 %)
Q3 2017 164.19 (30.3 %) 41.95 (57.6 %) 25.46 (70.4 %)
Q4 2017 169.12 (27.4 %) 53.85 (24.7 %) 41.43 (28.1 %)
Q1 2018 141.15 (35.9 %) 38.81 (38.3 %) 24.96 (48.1 %)
Q2 2018 111.99 (42.5 %) (13.34) (140.5 %) (29.60) (294.1 %)
Q3 2018 107.71 (34.4 %) (24.70) (158.9 %) (39.29) (254.3 %)
Q4 2018 160.36 (5.2 %) 33.32 (38.1 %) 15.74 (62.0 %)
Q1 2019 213.88 51.5 % 90.75 133.8 % 73.89 196.1 %
Q2 2019 165.33 47.6 % 65.45 590.6 % 50.79 271.6 %
Q3 2019 186.50 73.1 % 76.13 408.2 % 60.77 254.7 %
Q4 2019 236.16 47.3 % 104.31 213.1 % 83.64 431.4 %
Q1 2020 290.02 35.6 % 145.97 60.9 % 131.29 77.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2011 179.72 8.8 % 0.89 - 179.72 0.89
Q2 2011 220.42 14.8 % 1.09 - 220.42 1.09
Q3 2011 148.57 6.3 % 0.73 - 148.57 0.73
Q4 2011 191.05 19.5 % 0.94 - 191.05 0.94
Q1 2012 277.64 54.5 % 1.37 - 277.64 1.37
Q2 2012 209.46 (5.0 %) 1.03 - 209.46 1.03
Q3 2012 156.65 5.4 % 0.77 - 156.65 0.77
Q4 2012 173.81 (9.0 %) 0.86 (15.00) 188.81 0.93
Q1 2013 276.80 (0.3 %) 1.37 - 276.80 1.37
Q2 2013 267.63 27.8 % 1.32 - 267.63 1.32
Q3 2013 148.08 (5.5 %) 0.73 - 148.08 0.73
Q4 2013 177.73 2.3 % 0.88 24.86 152.87 0.75
Q1 2014 174.64 (36.9 %) 0.86 - 174.64 0.86
Q2 2014 207.36 (22.5 %) 1.02 31.00 176.36 0.87
Q3 2014 137.16 (7.4 %) 0.68 - 137.16 0.68
Q4 2014 151.69 (14.6 %) 0.75 (15.00) 166.69 0.82
Q1 2015 175.41 0.4 % 0.87 - 175.41 0.87
Q2 2015 191.48 (7.7 %) 0.95 - 191.48 0.95
Q3 2015 95.53 (30.4 %) 0.47 - 95.53 0.47
Q4 2015 152.80 0.7 % 0.75 (15.00) 167.80 0.83
Q1 2016 150.46 (14.2 %) 0.74 - 150.46 0.74
Q2 2016 116.29 (39.3 %) 0.57 - 116.29 0.57
Q3 2016 56.31 (41.1 %) 0.28 - 56.31 0.28
Q4 2016 34.81 (77.2 %) 0.17 (15.00) 49.81 0.25
Q1 2017 50.82 (66.2 %) 0.25 - 50.82 0.25
Q2 2017 12.17 (89.5 %) 0.06 - 12.17 0.06
Q3 2017 29.15 (48.2 %) 0.14 - 29.15 0.14
Q4 2017 12.45 (64.2 %) 0.06 (21.08) 33.53 0.17
Q1 2018 23.84 (53.1 %) 0.12 - 23.84 0.12
Q2 2018 (36.25) (397.9 %) (0.18) - (36.25) (0.18)
Q3 2018 (46.38) (259.1 %) (0.23) - (46.38) (0.23)
Q4 2018 6.95 (44.2 %) 0.03 - 6.95 0.03
Q1 2019 70.63 196.2 % 0.35 - 70.63 0.35
Q2 2019 53.17 246.7 % 0.26 - 53.17 0.26
Q3 2019 54.73 218.0 % 0.27 - 54.73 0.27
Q4 2019 77.80 1019.4 % 0.38 - 77.80 0.38
Q1 2020 123.97 75.5 % 0.61 - 123.97 0.61

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 57.17 % 67.96 % 52.69 %
Q2 2011 56.18 % 66.14 % 51.54 %
Q3 2011 55.87 % 65.41 % 51.06 %
Q4 2011 56.11 % 65.10 % 51.29 %
Q1 2012 57.68 % 65.87 % 52.94 %
Q2 2012 57.52 % 65.93 % 52.50 %
Q3 2012 57.84 % 66.51 % 52.84 %
Q4 2012 58.01 % 66.84 % 52.83 %
Q1 2013 57.91 % 66.75 % 53.08 %
Q2 2013 59.03 % 67.62 % 55.28 %
Q3 2013 58.13 % 66.67 % 55.17 %
Q4 2013 57.14 % 66.10 % 54.83 %
Q1 2014 53.94 % 63.64 % 52.10 %
Q2 2014 52.30 % 62.41 % 48.76 %
Q3 2014 52.54 % 62.78 % 48.54 %
Q4 2014 53.60 % 63.82 % 49.28 %
Q1 2015 54.82 % 65.14 % 50.41 %
Q2 2015 55.13 % 65.64 % 52.65 %
Q3 2015 56.41 % 66.81 % 49.27 %
Q4 2015 56.17 % 66.76 % 48.07 %
Q1 2016 54.96 % 66.81 % 44.90 %
Q2 2016 51.66 % 66.29 % 41.12 %
Q3 2016 48.09 % 65.68 % 39.44 %
Q4 2016 41.78 % 63.24 % 33.14 %
Q1 2017 35.75 % 58.97 % 28.19 %
Q2 2017 30.15 % 52.41 % 19.14 %
Q3 2017 25.78 % 46.15 % 17.48 %
Q4 2017 25.61 % 44.06 % 16.80 %
Q1 2018 25.04 % 45.58 % 14.75 %
Q2 2018 20.68 % 44.56 % 8.57 %
Q3 2018 10.31 % 37.30 % (4.77 %)
Q4 2018 6.54 % 33.33 % (9.95 %)
Q1 2019 14.48 % 37.33 % (0.85 %)
Q2 2019 25.46 % 46.16 % 13.04 %
Q3 2019 36.58 % 54.50 % 25.55 %
Q4 2019 41.98 % 57.40 % 31.97 %
Q1 2020 44.63 % 53.46 % 35.27 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 202.50 3.32 3.32 15.12
Q2 2011 202.50 3.46 3.46 14.94
Q3 2011 202.50 3.50 3.50 15.58
Q4 2011 202.50 3.65 3.65 16.67
Q1 2012 202.50 4.14 4.14 17.16
Q2 2012 202.50 4.08 4.08 16.04
Q3 2012 202.50 4.12 4.12 16.89
Q4 2012 202.50 4.04 4.11 17.77
Q1 2013 202.50 4.03 4.11 17.58
Q2 2013 202.50 4.32 4.39 17.49
Q3 2013 202.50 4.28 4.35 18.26
Q4 2013 202.50 4.30 4.17 19.23
Q1 2014 202.50 3.79 3.67 18.68
Q2 2014 202.50 3.50 3.22 19.69
Q3 2014 202.50 3.44 3.17 19.06
Q4 2014 202.50 3.31 3.23 18.43
Q1 2015 202.50 3.32 3.24 18.52
Q2 2015 202.50 3.24 3.31 18.70
Q3 2015 202.50 3.03 3.11 18.29
Q4 2015 202.50 3.04 3.11 18.18
Q1 2016 202.50 2.91 2.99 18.16
Q2 2016 202.50 2.54 2.62 18.19
Q3 2016 202.50 2.35 2.42 18.16
Q4 2016 202.50 1.77 1.84 16.79
Q1 2017 202.50 1.28 1.35 16.82
Q2 2017 202.50 0.76 0.84 16.79
Q3 2017 202.50 0.63 0.70 16.92
Q4 2017 202.50 0.52 0.62 16.96
Q1 2018 202.50 0.38 0.49 17.06
Q2 2018 202.50 0.14 0.25 16.86
Q3 2018 202.50 (0.23) (0.12) 16.58
Q4 2018 202.50 (0.26) (0.26) 16.64
Q1 2019 202.50 (0.02) (0.02) 17.01
Q2 2019 202.50 0.42 0.42 17.29
Q3 2019 202.50 0.92 0.92 17.58
Q4 2019 202.50 1.27 1.27 17.98
Q1 2020 202.50 1.53 1.53 18.49

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 10.76 10.76 2.36
Q2 2011 12.68 12.68 2.93
Q3 2011 12.00 12.00 2.70
Q4 2011 12.78 12.78 2.80
Q1 2012 12.04 12.04 2.90
Q2 2012 12.20 12.20 3.10
Q3 2012 10.70 10.70 2.61
Q4 2012 11.77 11.55 2.67
Q1 2013 11.48 11.27 2.63
Q2 2013 11.69 11.49 2.89
Q3 2013 12.39 12.18 2.90
Q4 2013 13.32 13.71 2.98
Q1 2014 15.36 15.87 3.12
Q2 2014 18.01 19.56 3.20
Q3 2014 18.89 20.53 3.41
Q4 2014 14.47 14.82 2.60
Q1 2015 13.55 13.88 2.43
Q2 2015 14.11 13.80 2.44
Q3 2015 12.70 12.39 2.11
Q4 2015 10.36 10.11 1.73
Q1 2016 9.59 9.35 1.54
Q2 2016 10.87 10.57 1.52
Q3 2016 8.33 8.08 1.08
Q4 2016 12.93 12.41 1.36
Q1 2017 14.30 13.52 1.08
Q2 2017 23.13 21.08 1.05
Q3 2017 26.45 23.65 0.98
Q4 2017 34.13 28.41 1.04
Q1 2018 41.54 32.66 0.93
Q2 2018 More than 100 64.05 0.94
Q3 2018 NEG NEG 0.81
Q4 2018 NEG NEG 0.77
Q1 2019 NEG NEG 0.91
Q2 2019 41.76 41.76 1.01
Q3 2019 25.33 25.33 1.32
Q4 2019 20.46 20.46 1.44
Q1 2020 11.84 11.84 0.98

Analysts Estimates (Million)

Item Q1 2020 (e) Q1 2020 (a) Change‬
Average 94.50 123.97 31.18 %

Estimates vs Actual (Million)

Item Q1 2020 (e) Q1 2020 (a) Change
OSOOL AND BAKHEET 124.00 123.97 0.0 %
AlJazira Capital 90.50 123.97 37.0 %
Riyad Capital 89.00 123.97 39.3 %
Al Rajhi Capital 85.00 123.97 45.8 %
SNB Capital 84.00 123.97 47.6 %


Financial Ratios
Current
Market Cap (M Riyal) 6,611.63
Enterprise Value (EV) (M) 8,191.23
Shares Outstanding ((M)) 202.50
EPS ( Riyal) (TTM) 1.73
Book Value (BV) ( Riyal) 23.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.87
P/E (TTM) 18.87
Price/book 1.37
Return on Average Assets (%) (TTM) 5.2
Return on Average Equity (%) (TTM) 7.4
more

Share Price

Yamama Cement Co.
32.65
0.80 2.51 %

Yamama Cement Co. (YC)

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.