Saudi Paper turns to net profit of SAR 15.1 mln in 2020

02/03/2021 Argaam Exclusive

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Saudi Paper Manufacturing Co. (SPM) turned to a net profit after Zakat and tax of SAR 15.1 million for 2020, compared to a net loss of SAR 27.9 million a year earlier.

Financials (M)

Item	2019	2020	Change‬
Revenues	527.13	532.09	0.9 %
Gross Income	99.00	146.87	48.4 %
Operating Income	(0.85)	61.27	7277.1 %
Net Income	(27.88)	15.10	154.2 %
Average Shares	29.08	29.08	-
EPS (Riyals)	(0.96)	0.52	154.2 %

The company attributed the earnings to the significant improvement in gross profit due to lower cost of sales, availability of raw materials at an affordable price, lower other production costs, and better efficiency of operations.

Lower selling, distribution and administrative expenses, and Zakat provisions also contributed to the company’s performance.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	128.39	119.25	(7.1 %)
Gross Income	26.49	26.61	0.5 %
Operating Income	3.96	12.97	227.5 %
Net Income	(11.39)	6.24	154.8 %
Average Shares	29.08	29.08	-
EPS (Riyals)	(0.39)	0.21	154.8 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	124.29	119.25	(4.1 %)
Gross Income	38.82	26.61	(31.5 %)
Operating Income	15.77	12.97	(17.7 %)
Net Income	3.98	6.24	56.7 %
Average Shares	29.08	29.08	-
EPS (Riyals)	0.14	0.21	56.7 %

For Q4 2020, the company swung to a net profit after Zakat and tax of SAR 6.2 million, compared to a net loss of SAR 11.3 million for the same quarter in 2019.

The decline in the net loss is due to higher sales and lower cost of sales, resulting in improvement of gross profit.

On a sequential basis, net profit after Zakat and tax soared by 56.7% due to lower selling, distribution and administrative expenses, finance charges, and Zakat provisions.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	201.89	1.6 %	57.80	3.6 %	32.75	(1.5 %)
Q2 2011	230.53	10.0 %	52.33	(11.9 %)	26.44	(25.0 %)
Q3 2011	201.97	2.7 %	50.84	(8.6 %)	27.22	(16.8 %)
Q4 2011	201.28	1.3 %	49.77	(18.4 %)	25.63	(23.1 %)
2011	835.66	4.0 %	210.74	(9.1 %)	112.03	(16.7 %)
Q1 2012	212.05	5.0 %	57.14	(1.1 %)	29.55	(9.8 %)
Q2 2012	204.51	(11.3 %)	59.37	13.4 %	30.57	15.6 %
Q3 2012	182.44	(9.7 %)	52.62	3.5 %	28.86	6.0 %
Q4 2012	194.87	(3.2 %)	38.32	(23.0 %)	12.99	(49.3 %)
2012	793.87	(5.0 %)	207.45	(1.6 %)	101.97	(9.0 %)
Q1 2013	206.67	(2.5 %)	36.26	(36.5 %)	6.06	(79.5 %)
Q2 2013	212.77	4.0 %	54.49	(8.2 %)	24.00	(21.5 %)
Q3 2013	194.61	6.7 %	45.46	(13.6 %)	20.91	(27.6 %)
Q4 2013	205.69	5.6 %	33.86	(11.7 %)	4.70	(63.8 %)
2013	819.74	3.3 %	170.06	(18.0 %)	58.76	(42.4 %)
Q1 2014	205.50	(0.6 %)	46.17	27.3 %	16.20	167.4 %
Q2 2014	204.50	(3.9 %)	53.10	(2.5 %)	21.00	(12.5 %)
Q3 2014	179.76	(7.6 %)	41.62	(8.4 %)	13.44	(35.7 %)
Q4 2014	167.96	(18.3 %)	38.38	13.4 %	4.28	(9.0 %)
2014	757.72	(7.6 %)	179.26	5.4 %	54.90	(6.6 %)
Q1 2015	185.48	(9.7 %)	46.76	1.3 %	15.28	(5.7 %)
Q2 2015	165.36	(19.1 %)	38.39	(27.7 %)	5.76	(72.6 %)
Q3 2015	112.79	(37.3 %)	18.07	(56.6 %)	(29.56)	(319.9 %)
Q4 2015	137.23	(18.3 %)	18.17	(52.7 %)	(31.76)	(842.4 %)
2015	600.57	(20.7 %)	111.01	(38.1 %)	(43.31)	(178.9 %)
Q1 2016	140.09	(24.5 %)	29.26	(37.4 %)	0.23	(98.5 %)
Q2 2016	130.25	(21.2 %)	30.69	(20.1 %)	2.21	(61.7 %)
Q3 2016	100.73	(10.7 %)	16.72	(7.4 %)	(11.56)	60.9 %
Q4 2016	106.21	(22.6 %)	18.06	(0.6 %)	(21.73)	31.6 %
2016	477.27	(20.5 %)	94.43	(14.9 %)	(31.16)	28.1 %
Q1 2017	128.52	(8.3 %)	27.62	(5.6 %)	2.23	872.5 %
Q2 2017	121.39	(6.8 %)	30.89	0.6 %	5.21	136.1 %
Q3 2017	138.45	37.4 %	31.21	86.6 %	6.31	154.6 %
Q4 2017	127.46	20.0 %	34.82	92.8 %	(13.91)	36.0 %
2017	515.82	8.1 %	124.54	31.9 %	(0.17)	99.5 %
Q1 2018	170.33	32.5 %	40.08	45.1 %	13.04	485.5 %
Q2 2018	107.48	(11.5 %)	12.38	(59.9 %)	(14.14)	(371.4 %)
Q3 2018	114.26	(17.5 %)	13.79	(55.8 %)	(16.02)	(354.0 %)
Q4 2018	149.40	17.2 %	14.92	(57.2 %)	(7.56)	45.7 %
2018	541.46	5.0 %	83.16	(33.2 %)	(24.69)	(14,771.7 %)
Q1 2019	155.10	(8.9 %)	25.03	(37.5 %)	(1.20)	(109.2 %)
Q2 2019	121.88	13.4 %	16.78	35.5 %	(8.19)	42.1 %
Q3 2019	121.76	6.6 %	28.19	104.4 %	2.07	112.9 %
Q4 2019	128.39	(14.1 %)	26.49	77.6 %	3.96	152.4 %
2019	527.13	(2.6 %)	99.00	19.0 %	(0.85)	96.5 %
Q1 2020	145.87	(6.0 %)	41.76	66.9 %	14.96	1343.5 %
Q2 2020	142.67	17.1 %	39.68	136.5 %	17.57	314.5 %
Q3 2020	124.29	2.1 %	38.82	37.7 %	15.77	662.5 %
Q4 2020	119.25	(7.1 %)	26.61	0.5 %	12.97	227.5 %
2020	532.09	0.9 %	146.87	48.4 %	61.27	7277.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2011	835.66	4.0 %	210.74	(9.1 %)	112.03	(16.7 %)
2012	793.87	(5.0 %)	207.45	(1.6 %)	101.97	(9.0 %)
2013	819.74	3.3 %	170.06	(18.0 %)	58.76	(42.4 %)
2014	757.72	(7.6 %)	179.26	5.4 %	54.90	(6.6 %)
2015	600.57	(20.7 %)	111.01	(38.1 %)	(43.31)	(178.9 %)
2016	477.27	(20.5 %)	94.43	(14.9 %)	(31.16)	28.1 %
2017	515.82	8.1 %	124.54	31.9 %	(0.17)	99.5 %
2018	541.46	5.0 %	83.16	(33.2 %)	(24.69)	(14,771.7 %)
2019	527.13	(2.6 %)	99.00	19.0 %	(0.85)	96.5 %
2020	532.09	0.9 %	146.87	48.4 %	61.27	7277.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2011	30.04	0.7 %	1.03	-	30.04	1.03
Q2 2011	23.32	(27.0 %)	0.80	-	23.32	0.80
Q3 2011	24.12	(20.1 %)	0.83	-	24.12	0.83
Q4 2011	22.94	(25.1 %)	0.79	-	22.94	0.79
2011	100.41	(18.1 %)	3.45	-	100.41	3.45
Q1 2012	25.42	(15.4 %)	0.87	-	25.42	0.87
Q2 2012	26.29	12.8 %	0.90	-	26.29	0.90
Q3 2012	24.06	(0.3 %)	0.83	-	24.06	0.83
Q4 2012	26.35	14.9 %	0.91	13.96	12.39	0.43
2012	102.11	1.7 %	3.51	13.96	88.15	3.03
Q1 2013	0.70	(97.3 %)	0.02	-	0.70	0.02
Q2 2013	9.34	(64.5 %)	0.32	-	9.34	0.32
Q3 2013	14.43	(40.0 %)	0.50	-	14.43	0.50
Q4 2013	(4.24)	(116.1 %)	(0.15)	-	(4.24)	(0.15)
2013	31.45	(69.2 %)	1.08	-	31.45	1.08
Q1 2014	8.13	1069.9 %	0.28	-	8.13	0.28
Q2 2014	12.05	29.1 %	0.41	-	12.05	0.41
Q3 2014	2.78	(80.7 %)	0.10	-	2.78	0.10
Q4 2014	2.10	149.5 %	0.07	-	2.11	0.07
2014	25.07	(20.3 %)	0.86	-	25.07	0.86
Q1 2015	4.86	(40.2 %)	0.17	-	4.86	0.17
Q2 2015	(3.39)	(128.1 %)	(0.12)	(2.00)	(1.39)	(0.05)
Q3 2015	(71.13)	(2654.9 %)	(2.45)	(20.28)	(50.85)	(1.75)
Q4 2015	(44.37)	(2212.9 %)	(1.53)	(6.28)	(38.09)	(1.31)
2015	(127.11)	(607.1 %)	(4.37)	(28.56)	(98.55)	(3.39)
Q1 2016	(7.23)	(248.6 %)	(0.25)	-	(7.23)	(0.25)
Q2 2016	(7.34)	(116.6 %)	(0.25)	-	(7.34)	(0.25)
Q3 2016	(21.63)	69.6 %	(0.74)	-	(21.63)	(0.74)
Q4 2016	(35.19)	20.7 %	(1.21)	-	(35.19)	(1.21)
2016	(71.69)	43.6 %	(2.47)	-	(71.69)	(2.47)
Q1 2017	(6.57)	9.0 %	(0.23)	-	(6.57)	(0.23)
Q2 2017	(3.92)	46.5 %	(0.13)	-	(3.92)	(0.13)
Q3 2017	(3.28)	84.8 %	(0.11)	-	(3.28)	(0.11)
Q4 2017	(34.89)	0.9 %	(1.20)	-	(34.89)	(1.20)
2017	(48.67)	32.1 %	(1.67)	-	(48.67)	(1.67)
Q1 2018	4.60	170.0 %	0.16	(8.82)	13.42	0.46
Q2 2018	(10.43)	(165.9 %)	(0.36)	5.01	(15.44)	(0.53)
Q3 2018	(37.41)	(1,041.4 %)	(1.29)	2.46	(39.87)	(1.37)
Q4 2018	(62.49)	(79.1 %)	(2.15)	-	(62.49)	(2.15)
2018	(115.45)	(137.2 %)	(3.97)	(1.35)	(114.10)	(3.92)
Q1 2019	23.32	406.7 %	0.80	36.12	(12.80)	(0.44)
Q2 2019	(15.53)	(48.9 %)	(0.53)	4.75	(20.28)	(0.70)
Q3 2019	(24.29)	35.1 %	(0.84)	3.00	(27.29)	(0.94)
Q4 2019	(11.39)	81.8 %	(0.39)	(9.93)	(1.46)	(0.05)
2019	(27.88)	75.8 %	(0.96)	33.94	(61.83)	(2.13)
Q1 2020	1.06	(95.5 %)	0.04	(3.50)	4.56	0.16
Q2 2020	3.83	124.7 %	0.13	(3.50)	7.33	0.25
Q3 2020	3.98	116.4 %	0.14	(3.50)	7.48	0.26
Q4 2020	6.24	154.8 %	0.21	(3.15)	9.39	0.32
2020	15.10	154.2 %	0.52	(13.65)	28.75	0.99

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	100.41	(18.1 %)	3.45	-	100.41	3.45
2012	102.11	1.7 %	3.51	13.96	88.15	3.03
2013	31.45	(69.2 %)	1.08	-	31.45	1.08
2014	25.07	(20.3 %)	0.86	-	25.07	0.86
2015	(127.11)	(607.1 %)	(4.37)	(28.56)	(98.55)	(3.39)
2016	(71.69)	43.6 %	(2.47)	-	(71.69)	(2.47)
2017	(48.67)	32.1 %	(1.67)	-	(48.67)	(1.67)
2018	(115.45)	(137.2 %)	(3.97)	(1.35)	(114.10)	(3.92)
2019	(27.88)	75.8 %	(0.96)	33.94	(61.83)	(2.13)
2020	15.10	154.2 %	0.52	(13.65)	28.75	0.99

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	28.99 %	23.10 %	15.22 %
Q2 2011	27.39 %	21.54 %	13.79 %
Q3 2011	26.65 %	20.50 %	12.98 %
Q4 2011	25.22 %	18.16 %	12.02 %
2011	25.22 %	18.16 %	12.02 %
Q1 2012	24.84 %	17.58 %	11.32 %
Q2 2012	26.48 %	18.32 %	12.05 %
Q3 2012	27.35 %	19.10 %	12.33 %
Q4 2012	26.13 %	19.15 %	11.10 %
2012	26.13 %	19.15 %	11.10 %
Q1 2013	23.66 %	16.30 %	8.04 %
Q2 2013	22.80 %	15.28 %	5.83 %
Q3 2013	21.57 %	13.89 %	4.56 %
Q4 2013	20.75 %	12.92 %	2.47 %
2013	20.75 %	13.30 %	3.84 %
Q1 2014	21.99 %	14.07 %	3.38 %
Q2 2014	22.04 %	13.78 %	3.75 %
Q3 2014	21.97 %	13.29 %	2.35 %
Q4 2014	23.66 %	13.85 %	3.31 %
2014	23.66 %	13.84 %	3.31 %
Q1 2015	24.38 %	14.04 %	2.96 %
Q2 2015	23.64 %	12.84 %	1.20 %
Q3 2015	22.42 %	7.20 %	(7.17 %)
Q4 2015	20.20 %	2.44 %	(14.22 %)
2015	18.48 %	1.94 %	(16.41 %)
Q1 2016	18.70 %	0.57 %	(17.56 %)
Q2 2016	18.48 %	(0.58 %)	(19.89 %)
Q3 2016	18.66 %	2.32 %	(14.61 %)
Q4 2016	19.85 %	4.62 %	(14.96 %)
2016	19.78 %	4.56 %	(15.02 %)
Q1 2017	19.99 %	4.89 %	(15.19 %)
Q2 2017	20.42 %	5.85 %	(14.73 %)
Q3 2017	21.79 %	9.17 %	(9.90 %)
Q4 2017	24.14 %	9.79 %	(9.43 %)
2017	24.14 %	9.79 %	(9.43 %)
Q1 2018	24.57 %	10.73 %	(5.14 %)
Q2 2018	21.79 %	7.95 %	(7.39 %)
Q3 2018	19.45 %	4.90 %	(14.78 %)
Q4 2018	14.99 %	5.77 %	(19.28 %)
2018	15.36 %	5.77 %	(21.07 %)
Q1 2019	12.56 %	3.49 %	(24.82 %)
Q2 2019	13.04 %	4.31 %	(25.05 %)
Q3 2019	15.49 %	7.56 %	(22.41 %)
Q4 2019	18.30 %	9.19 %	(11.73 %)
2019	18.78 %	9.66 %	(11.73 %)
Q1 2020	21.86 %	12.37 %	(8.59 %)
Q2 2020	25.27 %	16.70 %	(3.13 %)
Q3 2020	27.11 %	19.14 %	3.31 %
Q4 2020	27.60 %	21.50 %	5.40 %
2020	27.60 %	21.50 %	5.40 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	25.22 %	18.16 %	12.02 %
2012	26.13 %	19.15 %	11.10 %
2013	20.75 %	13.30 %	3.84 %
2014	23.66 %	13.84 %	3.31 %
2015	18.48 %	1.94 %	(16.41 %)
2016	19.78 %	4.56 %	(15.02 %)
2017	24.14 %	9.79 %	(9.43 %)
2018	15.36 %	5.77 %	(21.07 %)
2019	18.78 %	9.66 %	(11.73 %)
2020	27.60 %	21.50 %	5.40 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	28.63 %	22.14 %	14.88 %
Q2 2011	22.70 %	17.90 %	10.11 %
Q3 2011	25.17 %	18.84 %	11.94 %
Q4 2011	24.73 %	13.78 %	11.39 %
Q1 2012	26.95 %	19.61 %	11.99 %
Q2 2012	29.03 %	20.92 %	12.86 %
Q3 2012	28.84 %	22.32 %	13.19 %
Q4 2012	19.66 %	13.82 %	6.36 %
Q1 2013	17.54 %	8.74 %	0.34 %
Q2 2013	25.61 %	16.93 %	4.39 %
Q3 2013	23.36 %	16.11 %	7.41 %
Q4 2013	16.46 %	9.98 %	(2.06 %)
Q1 2014	22.47 %	13.27 %	3.96 %
Q2 2014	25.97 %	15.91 %	5.89 %
Q3 2014	23.15 %	14.14 %	1.55 %
Q4 2014	22.85 %	11.72 %	1.26 %
Q1 2015	25.21 %	13.96 %	2.62 %
Q2 2015	23.21 %	11.32 %	(0.84 %)
Q3 2015	16.02 %	(16.69 %)	(45.08 %)
Q4 2015	13.24 %	(8.11 %)	(27.76 %)
Q1 2016	20.89 %	10.27 %	(5.16 %)
Q2 2016	23.56 %	9.62 %	(5.63 %)
Q3 2016	16.60 %	(3.97 %)	(21.47 %)
Q4 2016	17.01 %	(0.82 %)	(33.13 %)
Q1 2017	21.49 %	11.78 %	(5.11 %)
Q2 2017	25.44 %	13.56 %	(3.23 %)
Q3 2017	22.54 %	10.58 %	(2.37 %)
Q4 2017	27.32 %	3.35 %	(27.37 %)
Q1 2018	23.53 %	14.37 %	7.88 %
Q2 2018	11.52 %	(0.17 %)	(14.37 %)
Q3 2018	12.07 %	(2.71 %)	(34.90 %)
Q4 2018	9.98 %	6.73 %	(41.83 %)
Q1 2019	16.14 %	7.48 %	(8.25 %)
Q2 2019	13.76 %	3.87 %	(16.64 %)
Q3 2019	23.15 %	12.38 %	(22.41 %)
Q4 2019	20.63 %	13.26 %	(1.14 %)
Q1 2020	28.63 %	18.67 %	3.12 %
Q2 2020	27.81 %	21.46 %	5.14 %
Q3 2020	31.23 %	23.12 %	6.02 %
Q4 2020	22.31 %	23.31 %	7.87 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2011	29.08	4.22	4.22	21.51
Q2 2011	29.08	3.93	3.93	20.75
Q3 2011	29.08	3.72	3.72	21.58
Q4 2011	29.08	3.45	3.45	22.38
Q1 2012	29.08	3.29	3.29	23.26
Q2 2012	29.08	3.40	3.40	22.33
Q3 2012	29.08	3.39	3.39	23.17
Q4 2012	29.08	3.51	3.03	24.10
Q1 2013	29.08	2.66	2.18	22.15
Q2 2013	29.08	2.08	1.60	22.53
Q3 2013	29.08	1.75	1.27	22.96
Q4 2013	29.08	0.70	0.70	21.80
Q1 2014	29.08	0.95	0.95	22.10
Q2 2014	29.08	1.04	1.04	22.39
Q3 2014	29.08	0.64	0.64	22.49
Q4 2014	29.08	0.86	0.86	22.64
Q1 2015	29.08	0.75	0.75	22.79
Q2 2015	29.08	0.22	0.29	22.85
Q3 2015	29.08	(2.32)	(1.56)	20.21
Q4 2015	29.08	(3.92)	(2.94)	18.16
Q1 2016	29.08	(4.34)	(3.35)	13.92
Q2 2016	29.08	(4.47)	(3.56)	13.63
Q3 2016	29.08	(2.77)	(2.55)	12.93
Q4 2016	29.08	(2.45)	(2.45)	11.27
Q1 2017	29.08	(2.43)	(2.43)	11.54
Q2 2017	29.08	(2.31)	(2.31)	11.42
Q3 2017	29.08	(1.68)	(1.68)	11.19
Q4 2017	29.08	(1.67)	(1.67)	9.59
Q1 2018	29.08	(1.29)	(0.99)	10.37
Q2 2018	29.08	(1.51)	(1.38)	9.95
Q3 2018	29.08	(2.69)	(2.64)	6.67
Q4 2018	29.08	(3.64)	(3.59)	3.44
Q1 2019	29.08	(2.99)	(4.49)	5.40
Q2 2019	29.08	(3.17)	(4.66)	4.88
Q3 2019	29.08	(2.72)	(4.22)	2.88
Q4 2019	29.08	(0.96)	(2.13)	2.50
Q1 2020	29.08	(1.72)	(1.53)	2.53
Q2 2020	29.08	(1.06)	(0.58)	2.65
Q3 2020	29.08	(0.09)	0.62	2.78
Q4 2020	29.08	0.52	0.99	3.07

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	29.08	3.45	3.45	22.38
2012	29.08	3.51	3.03	24.10
2013	29.08	1.08	1.08	21.80
2014	29.08	0.86	0.86	22.64
2015	29.08	(4.37)	(3.39)	18.16
2016	29.08	(2.47)	(2.47)	11.27
2017	29.08	(1.67)	(1.67)	9.59
2018	29.08	(3.97)	(3.92)	3.44
2019	29.08	(0.96)	(2.13)	2.50
2020	29.08	0.52	0.99	3.07

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2011	13.40	13.40	2.63
Q2 2011	13.91	13.91	2.63
Q3 2011	12.92	12.92	2.22
Q4 2011	15.58	15.58	2.40
Q1 2012	19.73	19.73	2.79
Q2 2012	14.48	14.48	2.20
Q3 2012	15.16	15.16	2.22
Q4 2012	13.96	16.17	2.03
Q1 2013	17.18	20.96	2.06
Q2 2013	31.50	40.96	2.91
Q3 2013	34.54	47.62	2.63
Q4 2013	79.70	79.70	2.54
Q1 2014	85.25	85.25	3.67
Q2 2014	77.37	77.37	3.61
Q3 2014	More than 100	More than 100	3.57
Q4 2014	54.30	54.28	2.07
Q1 2015	61.85	61.82	2.03
Q2 2015	More than 100	More than 100	2.09
Q3 2015	NEG	NEG	1.62
Q4 2015	NEG	NEG	2.02
Q1 2016	NEG	NEG	1.92
Q2 2016	NEG	NEG	1.75
Q3 2016	NEG	NEG	1.23
Q4 2016	NEG	NEG	1.81
Q1 2017	NEG	NEG	1.68
Q2 2017	NEG	NEG	1.17
Q3 2017	NEG	NEG	1.43
Q4 2017	NEG	NEG	1.75
Q1 2018	NEG	NEG	1.55
Q2 2018	NEG	NEG	1.59
Q3 2018	NEG	NEG	1.88
Q4 2018	NEG	NEG	4.40
Q1 2019	NEG	NEG	2.32
Q2 2019	NEG	NEG	2.04
Q3 2019	NEG	NEG	3.44
Q4 2019	NEG	NEG	4.10
Q1 2020	NEG	NEG	3.20
Q2 2020	NEG	NEG	4.78
Q3 2020	NEG	34.69	7.69
Q4 2020	95.11	49.95	16.11

Period	P/E	Adjusted P/E	Price/book
2011	15.58	15.58	2.40
2012	13.96	16.17	2.03
2013	51.23	51.23	2.54
2014	54.30	54.30	2.07
2015	NEG	NEG	2.02
2016	NEG	NEG	1.81
2017	NEG	NEG	1.75
2018	NEG	NEG	4.40
2019	NEG	NEG	4.10
2020	95.11	49.95	16.11

Business Segments (Million)

Compared With The

Period	Transformative Industries	Trade and Others	Disposals
Q1 2014	199.39	6.11	-
Q2 2014	150.92	53.58	-
Q3 2014	159.67	20.09	-
Q4 2014	146.82	21.15	-
Q1 2015	165.51	19.97	-
Q2 2015	149.60	15.76	-
Q3 2015	102.66	10.13	-
Q4 2015	80.26	56.69	-
Q1 2016	130.83	9.25	-
Q2 2016	123.39	6.85	-
Q3 2016	94.08	6.66	-
Q4 2016	66.39	39.82	-
Q1 2017	119.44	9.08	-
Q2 2017	112.05	9.34	-
Q3 2017	128.87	9.58	-
Q4 2017	73.87	53.60	-
Q1 2018	161.34	8.99	-
Q2 2018	100.00	7.48	-
Q3 2018	107.94	6.31	-
Q4 2018	141.14	8.25	-
Q1 2019	149.00	6.10	-
Q2 2019	115.81	6.07	-
Q3 2019	116.75	5.01	-
Q4 2019	123.84	4.55	-
Q1 2020	141.55	4.32	-
Q2 2020	135.36	7.31	-
Q3 2020	117.59	6.70	-
Q4 2020	110.23	9.02	-

Period	Transformative Industries	Trade and Others	Disposals
2011	844.77	267.47	(276.58)
2012	876.56	185.26	(267.96)
2013	744.38	75.36	-
2014	656.80	100.92	-
2015	498.02	102.55	-
2016	414.69	62.58	-
2017	434.23	81.59	-
2018	510.43	31.03	-
2019	505.39	21.74	-
2020	504.74	27.36	-

Financial Ratios

	Current
Market Cap (M Riyal)	2,365.07
Enterprise Value (EV) (M)	2,834.26
Shares Outstanding ((M))	37.07
EPS ( Riyal) (TTM)	2.80
Book Value (BV) ( Riyal)	13.80
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	21.88
P/E (TTM)	22.81
Price/book	4.62
Return on Average Assets (%) (TTM)	9.1
Return on Average Equity (%) (TTM)	21.5

Saudi Paper Manufacturing Co. (SPM)

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Saudi Paper turns to net profit of SAR 15.1 mln 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

Saudi Paper Manufacturing Co. (SPM)

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Saudi Paper turns to net profit of SAR 15.1 mln 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

Saudi Paper Manufacturing Co. (SPM)

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Business Segments (Million)