Yanbu Cement 9M 2022 profit rises 4% to SAR 156.2 mln; Q3 jumps to SAR 69.3 mln

26/10/2022 Argaam Exclusive

View other reports

Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 156.2 million in the first nine months of 2022, an increase of 4% from SAR 149.7 million a year earlier.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	742.87	741.90	(0.1 %)
Gross Income	184.93	207.33	12.1 %
Operating Income	149.13	166.22	11.5 %
Net Income	149.69	156.24	4.4 %
Average Shares	157.50	157.50	-
EPS (Riyals)	0.95	0.99	4.4 %

The company attributed the profit rise to a decrease in the cost of goods sold and an increase export revenues, despite lower other revenues and higher administrative, general, selling and financing expenses and Zakat provision.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	207.78	262.10	26.1 %
Gross Income	50.56	89.25	76.5 %
Operating Income	37.47	75.19	100.7 %
Net Income	35.48	69.27	95.2 %
Average Shares	157.50	157.50	-
EPS (Riyals)	0.23	0.44	95.2 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	238.17	262.10	10.0 %
Gross Income	63.65	89.25	40.2 %
Operating Income	50.83	75.19	47.9 %
Net Income	48.04	69.27	44.2 %
Average Shares	157.50	157.50	-
EPS (Riyals)	0.31	0.44	44.2 %

The cement producer reported a net profit after Zakat and tax of SAR 69.3 million in Q3 2022, a rise of 90.3% year-on-year (YoY), due to lower cost of goods sold along with higher average of selling price and export revenues.

When compared to previous quarter, Q3 net profit rose 44.2% from SAR 48.04 million.

Shareholders’ equity, after minority interest, decreased by 3.78% to SAR 2.831 billion as of Sept. 30, 2022, from SAR 2.943 billion a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2013	455.76	47.3 %	263.22	66.9 %	247.02	70.6 %	1.57
Q2 2013	479.95	11.2 %	293.97	25.2 %	274.41	27.3 %	1.74
Q3 2013	325.42	(4.0 %)	156.71	(10.1 %)	139.64	(10.9 %)	0.89
Q4 2013	359.13	(13.8 %)	171.22	(23.9 %)	160.22	(21.2 %)	1.02
2013	1,620.26	8.3 %	885.11	11.7 %	821.30	14.0 %	5.21
Q1 2014	439.50	(3.6 %)	223.25	(15.2 %)	205.22	(16.9 %)	1.30
Q2 2014	445.90	(7.1 %)	238.28	(18.9 %)	240.56	(12.3 %)	1.53
Q3 2014	295.77	(9.1 %)	181.40	15.8 %	162.84	16.6 %	1.03
Q4 2014	378.22	5.3 %	210.28	22.8 %	193.31	20.7 %	1.23
2014	1,559.39	(3.8 %)	853.22	(3.6 %)	801.93	(2.4 %)	5.09
Q1 2015	437.10	(0.5 %)	224.25	0.4 %	207.17	0.9 %	1.32
Q2 2015	438.79	(1.6 %)	261.79	9.9 %	245.50	2.1 %	1.56
Q3 2015	310.72	5.1 %	161.63	(10.9 %)	144.67	(11.2 %)	0.92
Q4 2015	426.36	12.7 %	223.80	6.4 %	208.75	8.0 %	1.33
2015	1,612.98	3.4 %	871.46	2.1 %	806.08	0.5 %	5.12
Q1 2016	399.62	(8.6 %)	199.87	(10.9 %)	170.69	(17.6 %)	1.08
Q2 2016	348.28	(20.6 %)	169.34	(35.3 %)	159.23	(35.1 %)	1.01
Q3 2016	235.52	(24.2 %)	107.30	(33.6 %)	92.06	(36.4 %)	0.58
Q4 2016	302.88	(29.0 %)	136.21	(39.1 %)	103.78	(50.3 %)	0.66
2016	1,286.29	(20.3 %)	612.72	(29.7 %)	525.76	(34.8 %)	3.34
Q1 2017	307.22	(23.1 %)	131.95	(34.0 %)	124.27	(27.2 %)	0.79
Q2 2017	214.25	(38.5 %)	82.86	(51.1 %)	80.48	(49.5 %)	0.51
Q3 2017	172.71	(26.7 %)	27.22	(74.6 %)	17.97	(80.5 %)	0.11
Q4 2017	222.44	(26.6 %)	115.73	(15.0 %)	96.15	(7.4 %)	0.61
2017	916.62	(28.7 %)	357.47	(41.7 %)	318.88	(39.3 %)	2.02
Q1 2018	215.53	(29.8 %)	41.31	(68.7 %)	39.63	(68.1 %)	0.25
Q2 2018	197.37	(7.9 %)	20.44	(75.3 %)	4.04	(95.0 %)	0.03
Q3 2018	152.81	(11.5 %)	23.77	(12.7 %)	13.28	(26.1 %)	0.08
Q4 2018	201.43	(9.4 %)	57.34	(50.5 %)	34.24	(64.4 %)	0.22
2018	767.13	(16.3 %)	142.86	(60.0 %)	91.19	(71.4 %)	0.58
Q1 2019	259.81	20.5 %	92.68	124.3 %	72.52	83.0 %	0.46
Q2 2019	209.57	6.2 %	63.15	209.0 %	40.44	902.1 %	0.26
Q3 2019	227.97	49.2 %	75.48	217.5 %	61.94	366.3 %	0.39
Q4 2019	278.39	38.2 %	103.49	80.5 %	82.93	142.2 %	0.53
2019	975.74	27.2 %	334.80	134.4 %	257.82	182.7 %	1.64
Q1 2020	277.40	6.8 %	111.05	19.8 %	92.02	26.9 %	0.58
Q2 2020	156.93	(25.1 %)	56.13	(11.1 %)	36.67	(9.3 %)	0.23
Q3 2020	240.36	5.4 %	89.65	18.8 %	81.44	31.5 %	0.52
Q4 2020	265.30	(4.7 %)	84.95	(17.9 %)	70.91	(14.5 %)	0.45
2020	939.99	(3.7 %)	341.78	2.1 %	281.02	9.0 %	1.78
Q1 2021	292.40	5.4 %	81.23	(26.9 %)	72.76	(20.9 %)	0.46
Q2 2021	242.69	54.6 %	53.14	(5.3 %)	41.45	13.0 %	0.26
Q3 2021	207.78	(13.6 %)	50.56	(43.6 %)	35.48	(56.4 %)	0.23
Q4 2021	191.16	(27.9 %)	38.68	(54.5 %)	9.87	(86.1 %)	0.06
2021	934.03	(0.6 %)	223.61	(34.6 %)	159.56	(43.2 %)	1.01
Q1 2022	241.63	(17.4 %)	54.44	(33.0 %)	38.93	(46.5 %)	0.25
Q2 2022	238.17	(1.9 %)	63.65	19.8 %	48.04	15.9 %	0.31
Q3 2022	262.10	26.1 %	89.25	76.5 %	69.27	95.2 %	0.44

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2012	1,496.50	32.2 %	792.05	42.6 %	720.48	36.1 %	4.57
2013	1,620.26	8.3 %	885.11	11.7 %	821.30	14.0 %	5.21
2014	1,559.39	(3.8 %)	853.22	(3.6 %)	801.93	(2.4 %)	5.09
2015	1,612.98	3.4 %	871.46	2.1 %	806.08	0.5 %	5.12
2016	1,286.29	(20.3 %)	612.72	(29.7 %)	525.76	(34.8 %)	3.34
2017	916.62	(28.7 %)	357.47	(41.7 %)	318.88	(39.3 %)	2.02
2018	767.13	(16.3 %)	142.86	(60.0 %)	91.19	(71.4 %)	0.58
2019	975.74	27.2 %	334.80	134.4 %	257.82	182.7 %	1.64
2020	939.99	(3.7 %)	341.78	2.1 %	281.02	9.0 %	1.78
2021	934.03	(0.6 %)	223.61	(34.6 %)	159.56	(43.2 %)	1.01

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	54.63 %	65.08 %	50.08 %
Q2 2013	56.57 %	66.79 %	52.13 %
Q3 2013	55.97 %	66.15 %	51.53 %
Q4 2013	54.63 %	65.00 %	50.69 %
2013	54.63 %	65.00 %	50.69 %
Q1 2014	52.69 %	63.16 %	48.60 %
Q2 2014	50.29 %	61.01 %	46.24 %
Q3 2014	52.86 %	63.87 %	48.63 %
Q4 2014	54.71 %	65.75 %	50.16 %
2014	54.71 %	65.75 %	50.16 %
Q1 2015	54.86 %	65.83 %	50.36 %
Q2 2015	56.63 %	67.51 %	52.19 %
Q3 2015	54.83 %	65.59 %	50.53 %
Q4 2015	54.03 %	64.33 %	49.97 %
2015	54.03 %	64.33 %	49.97 %
Q1 2016	53.77 %	64.52 %	48.85 %
Q2 2016	50.82 %	62.28 %	46.02 %
Q3 2016	49.68 %	61.97 %	44.74 %
Q4 2016	47.63 %	59.82 %	40.87 %
2016	47.63 %	59.82 %	40.87 %
Q1 2017	45.63 %	58.93 %	40.15 %
Q2 2017	43.24 %	58.50 %	36.65 %
Q3 2017	37.94 %	54.41 %	31.53 %
Q4 2017	39.03 %	59.13 %	33.47 %
2017	39.00 %	59.10 %	33.47 %
Q1 2018	32.38 %	53.63 %	25.62 %
Q2 2018	25.33 %	45.66 %	18.19 %
Q3 2018	25.53 %	44.82 %	18.06 %
Q4 2018	18.62 %	37.80 %	10.48 %
2018	18.62 %	37.79 %	10.48 %
Q1 2019	23.94 %	42.02 %	15.29 %
Q2 2019	28.77 %	45.32 %	19.49 %
Q3 2019	32.12 %	47.53 %	23.27 %
Q4 2019	34.31 %	48.74 %	26.42 %
2019	34.31 %	48.74 %	26.42 %
Q1 2020	35.55 %	49.43 %	27.92 %
Q2 2020	36.80 %	52.59 %	29.08 %
Q3 2020	37.81 %	53.74 %	30.75 %
Q4 2020	36.36 %	53.16 %	29.90 %
2020	36.36 %	53.16 %	29.90 %
Q1 2021	32.67 %	49.27 %	27.41 %
Q2 2021	29.69 %	45.30 %	25.61 %
Q3 2021	26.77 %	42.44 %	21.88 %
Q4 2021	23.94 %	34.44 %	12.40 %
2021	23.94 %	34.44 %	12.40 %
Q1 2022	22.28 %	32.50 %	9.29 %
Q2 2022	23.59 %	32.60 %	10.09 %
Q3 2022	26.37 %	33.63 %	13.12 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	52.93 %	63.15 %	48.14 %
2013	54.63 %	65.00 %	50.69 %
2014	54.71 %	65.75 %	50.16 %
2015	54.03 %	64.33 %	49.97 %
2016	47.63 %	59.82 %	40.87 %
2017	39.00 %	59.10 %	33.47 %
2018	18.62 %	37.79 %	10.48 %
2019	34.31 %	48.74 %	26.42 %
2020	36.36 %	53.16 %	29.90 %
2021	23.94 %	34.44 %	12.40 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	57.75 %	67.24 %	54.20 %
Q2 2013	61.25 %	70.45 %	57.18 %
Q3 2013	48.15 %	61.18 %	42.91 %
Q4 2013	47.68 %	58.34 %	44.61 %
Q1 2014	50.80 %	60.59 %	46.69 %
Q2 2014	53.44 %	63.45 %	49.52 %
Q3 2014	61.33 %	76.10 %	55.06 %
Q4 2014	55.60 %	66.37 %	51.11 %
Q1 2015	51.30 %	60.83 %	47.40 %
Q2 2015	59.66 %	69.37 %	55.95 %
Q3 2015	52.02 %	66.01 %	46.56 %
Q4 2015	52.49 %	61.50 %	48.96 %
Q1 2016	50.01 %	61.28 %	42.71 %
Q2 2016	48.62 %	61.05 %	45.72 %
Q3 2016	45.56 %	65.39 %	39.09 %
Q4 2016	44.97 %	52.15 %	34.27 %
Q1 2017	42.95 %	58.25 %	40.45 %
Q2 2017	38.68 %	60.26 %	31.91 %
Q3 2017	15.76 %	44.27 %	10.41 %
Q4 2017	52.03 %	70.80 %	43.23 %
Q1 2018	19.17 %	36.80 %	13.39 %
Q2 2018	10.35 %	28.20 %	2.04 %
Q3 2018	15.55 %	39.78 %	8.69 %
Q4 2018	28.47 %	46.77 %	17.00 %
Q1 2019	35.67 %	50.14 %	27.91 %
Q2 2019	30.14 %	42.00 %	19.30 %
Q3 2019	33.11 %	50.32 %	27.17 %
Q4 2019	37.17 %	51.21 %	29.79 %
Q1 2020	40.03 %	52.53 %	33.17 %
Q2 2020	35.77 %	58.41 %	23.36 %
Q3 2020	37.30 %	55.01 %	33.88 %
Q4 2020	32.02 %	49.04 %	26.73 %
Q1 2021	27.78 %	39.85 %	24.88 %
Q2 2021	21.90 %	38.15 %	17.08 %
Q3 2021	24.33 %	42.69 %	17.08 %
Q4 2021	20.24 %	12.48 %	(17.70 %)
Q1 2022	22.53 %	33.91 %	16.11 %
Q2 2022	26.72 %	38.62 %	20.17 %
Q3 2022	34.05 %	44.25 %	26.43 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	157.50	5.22	5.22	19.19
Q2 2013	157.50	5.60	5.60	20.93
Q3 2013	157.50	5.49	5.49	19.81
Q4 2013	157.50	5.21	5.21	20.83
Q1 2014	157.50	4.95	4.95	20.12
Q2 2014	157.50	4.73	4.61	21.65
Q3 2014	157.50	4.88	4.76	21.18
Q4 2014	157.50	5.09	4.97	22.41
Q1 2015	157.50	5.10	4.98	23.72
Q2 2015	157.50	5.14	5.14	22.77
Q3 2015	157.50	5.02	5.02	22.19
Q4 2015	157.50	5.12	5.12	23.51
Q1 2016	157.50	4.89	4.89	24.56
Q2 2016	157.50	4.34	4.34	21.17
Q3 2016	157.50	4.00	4.00	21.77
Q4 2016	157.50	3.34	3.34	22.27
Q1 2017	157.50	3.04	3.04	21.10
Q2 2017	157.50	2.54	2.47	20.86
Q3 2017	157.50	2.07	2.00	20.98
Q4 2017	157.50	2.02	1.95	21.54
Q1 2018	157.50	1.49	1.34	21.79
Q2 2018	157.50	1.00	0.93	20.57
Q3 2018	157.50	0.97	0.90	20.15
Q4 2018	157.50	0.58	0.51	20.37
Q1 2019	157.50	0.79	0.79	20.83
Q2 2019	157.50	1.02	1.02	20.57
Q3 2019	157.50	1.33	1.33	20.22
Q4 2019	157.50	1.64	1.64	20.77
Q1 2020	157.50	1.76	1.76	21.36
Q2 2020	157.50	1.74	1.74	20.34
Q3 2020	157.50	1.86	1.86	19.82
Q4 2020	157.50	1.78	1.78	19.03
Q1 2021	157.50	1.66	1.66	19.49
Q2 2021	157.50	1.69	1.69	19.75
Q3 2021	157.50	1.40	1.40	18.69
Q4 2021	157.50	1.01	0.74	17.74
Q1 2022	157.50	0.80	0.52	17.99
Q2 2022	157.50	0.84	0.56	17.55
Q3 2022	157.50	1.05	0.78	17.98

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	157.50	4.57	4.57	20.96
2013	157.50	5.21	5.21	20.83
2014	157.50	5.09	4.97	22.41
2015	157.50	5.12	5.12	23.51
2016	157.50	3.34	3.34	22.27
2017	157.50	2.02	1.95	21.54
2018	157.50	0.58	0.51	20.37
2019	157.50	1.64	1.64	20.77
2020	157.50	1.78	1.78	19.03
2021	157.50	1.01	0.74	17.74

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	11.15	11.15	3.04
Q2 2013	12.01	12.01	3.21
Q3 2013	13.44	13.44	3.72
Q4 2013	12.80	12.80	3.20
Q1 2014	14.19	14.19	3.49
Q2 2014	15.42	15.84	3.37
Q3 2014	15.87	16.29	3.66
Q4 2014	12.11	12.41	2.75
Q1 2015	13.56	13.90	2.92
Q2 2015	12.35	12.35	2.78
Q3 2015	10.69	10.69	2.42
Q4 2015	8.52	8.52	1.86
Q1 2016	10.06	10.06	2.00
Q2 2016	9.98	9.98	2.05
Q3 2016	8.41	8.41	1.55
Q4 2016	12.13	12.13	1.82
Q1 2017	12.06	12.06	1.74
Q2 2017	12.55	12.94	1.53
Q3 2017	13.74	14.27	1.36
Q4 2017	16.70	17.36	1.57
Q1 2018	22.28	24.70	1.52
Q2 2018	27.00	28.98	1.32
Q3 2018	22.28	23.97	1.07
Q4 2018	41.45	47.01	1.18
Q1 2019	35.73	35.73	1.35
Q2 2019	30.33	30.33	1.50
Q3 2019	26.09	26.09	1.71
Q4 2019	23.31	23.31	1.84
Q1 2020	14.60	14.60	1.20
Q2 2020	16.12	16.12	1.38
Q3 2020	19.40	19.40	1.82
Q4 2020	22.73	22.73	2.13
Q1 2021	25.96	25.96	2.21
Q2 2021	26.29	26.29	2.25
Q3 2021	29.38	29.38	2.20
Q4 2021	35.73	49.21	2.04
Q1 2022	52.87	81.03	2.35
Q2 2022	40.41	60.34	1.93
Q3 2022	35.46	48.12	2.08

Period	P/E	Adjusted P/E	Price/book
2012	11.44	11.44	2.50
2013	12.80	12.80	3.20
2014	12.11	12.41	2.75
2015	8.52	8.52	1.86
2016	12.13	12.13	1.82
2017	16.70	17.36	1.57
2018	41.45	47.01	1.18
2019	23.31	23.31	1.84
2020	22.73	22.73	2.13
2021	35.73	49.21	2.04

Business Segments (Million)

Compared With The

Period	Bulk Cement	Packed Cement	Cement Bags	Raw Cement (Clinker)
Q1 2019	110.95	66.33	13.23	69.30
Q2 2019	95.23	51.35	7.59	55.41
Q3 2019	105.62	62.59	18.15	41.61
Q4 2019	142.42	79.20	21.71	35.06
Q1 2020	162.95	78.52	15.97	19.97
Q2 2020	91.26	46.64	19.04	-
Q3 2020	135.26	75.94	19.73	9.43
Q4 2020	149.16	82.68	19.08	14.38
Q1 2021	144.11	92.35	16.13	39.81
Q2 2021	118.10	65.53	11.18	47.87
Q3 2021	101.28	64.70	14.28	27.52
Q4 2021	105.01	69.01	11.57	5.57
Q1 2022	119.25	79.47	11.70	31.21
Q2 2022	101.55	64.10	0.60	71.92
Q3 2022	125.06	68.19	0.39	68.45

Period	Bulk Cement	Packed Cement	Cement Bags	Raw Cement (Clinker)
2019	454.21	259.46	60.68	201.38
2020	538.63	283.76	73.82	43.78
2021	468.50	291.60	53.17	120.77

Analysts Estimates (Million)

Item	Q3 2022 (e)	Q3 2022 (a)	Change‬
Average	50.03	69.27	38.47 %

Estimates vs Actual (Million)

Item	Q3 2022 (e)	Q3 2022 (a)	Change
OSOOL AND BAKHEET	57.38	69.27	20.7 %
Riyad Capital	55.00	69.27	25.9 %
AlJazira Capital	54.50	69.27	27.1 %
Hermes	53.00	69.27	30.7 %
Al Rajhi Capital	49.00	69.27	41.4 %
SNB Capital	45.30	69.27	52.9 %
Sico	36.00	69.27	92.4 %

Financial Ratios

	Current
Market Cap (M Riyal)	4,236.75
Enterprise Value (EV) (M)	4,427.26
Shares Outstanding ((M))	157.50
EPS ( Riyal) (TTM)	0.81
Book Value (BV) ( Riyal)	17.21
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	33.30
P/E (TTM)	33.30
Price/book	1.56
Return on Average Assets (%) (TTM)	3.8
Return on Average Equity (%) (TTM)	4.6

Yanbu Cement Co. (YCC)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Yanbu Cement 9M 2022 profit rises 4% to SAR 156.2 mln; Q3 jumps to SAR 69.3 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (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) 2022 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Yanbu Cement Co. (YCC)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Yanbu Cement 9M 2022 profit rises 4% to SAR 156.2 mln; Q3 jumps to SAR 69.3 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Yanbu Cement Co. (YCC)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)