Saudi Advanced posts net profit at SAR 12.9m in I3 of 2014

Saudi Advanced posts net profit at SAR 12.9m in I3 of 2014

19/10/2014 Argaam Exclusive

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Saudi Advanced Industries Company, reported SAR 12.9m net profit in I3 of 2014, compared to SAR 20.5m net loss in the same period last year, as shown in the following table:

 



Financials (M)

Item 9m 2013 9m 2014 Change‬
Revenues 24.17 21.15 (12.5 %)
Gross Income 24.17 21.15 (12.5 %)
Operating Income 21.62 17.93 (17.1 %)
Net Income 20.48 12.91 (36.9 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 0.34 0.22 (36.9 %)


Current Quarter Comparison (M)

Compared With The
Item Q3 2013 Q3 2014 Change‬
Revenues 9.50 8.48 (10.7 %)
Gross Income 9.50 8.48 (10.7 %)
Operating Income 8.74 7.47 (14.4 %)
Net Income 8.52 13.81 62.1 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.14 0.23 62.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2005 - - - - (0.35) (9.3 %)
Q2 2005 - - - - (0.72) (53.9 %)
Q3 2005 - - - - (0.33) 8.7 %
Q4 2005 - - - - (0.51) 24.0 %
Q1 2006 - - - - (0.50) (43.2 %)
Q2 2006 - - - - (0.33) 54.8 %
Q3 2006 - - - - (0.37) (12.3 %)
Q4 2006 - - - - (0.73) (41.2 %)
Q1 2007 - - - - (0.45) 10.5 %
Q2 2007 - - - - (1.66) (409.2 %)
Q3 2007 - - - - (0.53) (45.9 %)
Q4 2007 - - - - (0.24) 67.1 %
Q1 2008 5.07 - 5.07 - 4.51 1099.8 %
Q2 2008 9.39 - 9.39 - 8.60 617.8 %
Q3 2008 6.36 - 6.36 - 4.91 1018.5 %
Q4 2008 4.72 - 4.72 - 3.63 1617.6 %
Q1 2009 6.58 29.8 % 6.58 29.8 % 5.68 25.9 %
Q2 2009 13.17 40.4 % 13.17 40.4 % 12.19 41.8 %
Q3 2009 11.47 80.4 % 11.47 80.4 % 10.72 118.6 %
Q4 2009 7.70 63.2 % 7.70 63.2 % 6.68 84.2 %
Q1 2010 3.62 (45.0 %) 3.62 (45.0 %) 2.68 (52.9 %)
Q2 2010 7.55 (42.7 %) 7.55 (42.7 %) 6.59 (45.9 %)
Q3 2010 2.36 (79.4 %) 2.36 (79.4 %) 1.78 (83.4 %)
Q4 2010 (0.23) (103.0 %) (0.23) (103.0 %) (0.50) (107.5 %)
Q1 2011 1.12 (69.2 %) 1.12 (69.2 %) 0.28 (89.5 %)
Q2 2011 1.42 (81.2 %) 1.42 (81.2 %) 0.75 (88.6 %)
Q3 2011 (2.76) (216.8 %) (2.76) (216.8 %) (3.27) (283.6 %)
Q4 2011 8.81 3897.4 % 8.81 3897.4 % 6.67 1422.4 %
Q1 2012 (1.55) (239.2 %) (1.55) (239.2 %) (2.58) (1021.1 %)
Q2 2012 (2.96) (309.4 %) (2.96) (309.4 %) (3.98) (627.5 %)
Q3 2012 (0.62) 77.4 % (0.62) 77.4 % (0.99) 69.6 %
Q4 2012 (33.24) (477.3 %) (33.24) (477.3 %) (34.97) (624.7 %)
Q1 2013 4.83 411.3 % 4.83 411.3 % 3.84 249.0 %
Q2 2013 9.84 432.0 % 9.84 432.0 % 9.05 327.4 %
Q3 2013 9.50 1624.2 % 9.50 1624.2 % 8.74 978.9 %
Q4 2013 6.64 120.0 % 6.64 120.0 % 4.79 113.7 %
Q1 2014 8.03 66.2 % 8.03 66.2 % 6.94 80.7 %
Q2 2014 4.64 (52.9 %) 4.64 (52.9 %) 3.51 (61.1 %)
Q3 2014 8.48 (10.7 %) 8.48 (10.7 %) 7.47 (14.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2005 (0.23) (1,325.0 %) (0.01) - (0.23) (0.01)
Q2 2005 0.65 286.0 % 0.02 - 0.65 0.02
Q3 2005 (0.23) 3.8 % (0.01) - (0.23) (0.01)
Q4 2005 3.22 675.4 % 0.08 - 3.22 0.08
Q1 2006 1.04 554.8 % 0.02 - 1.04 0.02
Q2 2006 0.53 (18.6 %) 0.01 - 0.53 0.01
Q3 2006 (0.36) (55.9 %) (0.01) - (0.36) (0.01)
Q4 2006 (0.78) (124.2 %) (0.02) - (0.78) (0.02)
Q1 2007 3.51 238.4 % 0.08 - 3.51 0.08
Q2 2007 3.81 618.5 % 0.06 - 3.81 0.06
Q3 2007 3.07 959.1 % 0.05 - 3.07 0.05
Q4 2007 5.22 769.8 % 0.09 - 5.22 0.09
Q1 2008 4.40 25.3 % 0.07 - 4.40 0.07
Q2 2008 8.71 128.7 % 0.15 - 8.71 0.15
Q3 2008 4.39 43.0 % 0.07 - 4.39 0.07
Q4 2008 2.17 (58.5 %) 0.04 - 2.17 0.04
Q1 2009 6.19 40.7 % 0.10 - 6.19 0.10
Q2 2009 11.97 37.5 % 0.20 - 11.97 0.20
Q3 2009 10.46 138.5 % 0.17 - 10.46 0.17
Q4 2009 6.17 184.5 % 0.10 - 6.17 0.10
Q1 2010 2.60 (58.0 %) 0.04 - 2.60 0.04
Q2 2010 6.44 (46.2 %) 0.11 - 6.44 0.11
Q3 2010 1.74 (83.4 %) 0.03 - 1.74 0.03
Q4 2010 (0.84) (113.7 %) (0.01) - (0.84) (0.01)
Q1 2011 0.17 (93.3 %) 0.00 - 0.17 0.00
Q2 2011 4.19 (34.9 %) 0.07 - 4.19 0.07
Q3 2011 (0.27) (115.7 %) 0.00 - (0.27) 0.00
Q4 2011 5.70 776.3 % 0.10 - 5.70 0.10
Q1 2012 (3.20) (1952.0 %) (0.05) - (3.20) (0.05)
Q2 2012 (26.17) (724.6 %) (0.44) - (26.17) (0.44)
Q3 2012 (4.34) (1,488.3 %) (0.07) - (4.34) (0.07)
Q4 2012 (28.39) (598.1 %) (0.47) - (28.39) (0.47)
Q1 2013 3.24 201.1 % 0.05 - 3.24 0.05
Q2 2013 8.72 133.3 % 0.15 - 8.72 0.15
Q3 2013 8.52 296.5 % 0.14 - 8.52 0.14
Q4 2013 4.58 116.1 % 0.08 - 4.58 0.08
Q1 2014 6.01 85.7 % 0.10 (0.76) 6.77 0.11
Q2 2014 (6.91) (179.3 %) (0.12) (9.98) 3.06 0.05
Q3 2014 13.81 62.1 % 0.23 (0.76) 14.57 0.24

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 100.00 % 41.27 % 325.29 %
Q2 2008 100.00 % 85.47 % 147.98 %
Q3 2008 100.00 % 85.49 % 109.10 %
Q4 2008 100.00 % 84.84 % 76.99 %
Q1 2009 100.00 % 84.43 % 79.31 %
Q2 2009 100.00 % 85.71 % 80.15 %
Q3 2009 100.00 % 89.69 % 85.64 %
Q4 2009 100.00 % 90.68 % 89.36 %
Q1 2010 100.00 % 89.79 % 86.74 %
Q2 2010 100.00 % 87.99 % 84.58 %
Q3 2010 100.00 % 83.65 % 79.81 %
Q4 2010 100.00 % 79.50 % 74.69 %
Q1 2011 100.00 % 75.76 % 69.52 %
Q2 2011 100.00 % 50.28 % 112.84 %
Q3 2011 100.00 % 593.44 % (710.50 %)
Q4 2011 100.00 % 51.93 % 114.05 %
Q1 2012 100.00 % 26.99 % 108.42 %
Q2 2012 100.00 % (204.03 %) (1556.96 %)
Q3 2012 100.00 % (23.51 %) (762.98 %)
Q4 2012 100.00 % 110.75 % 161.82 %
Q1 2013 100.00 % 112.79 % 173.99 %
Q2 2013 100.00 % 120.18 % 108.24 %
Q3 2013 100.00 % 146.97 % 87.28 %
Q4 2013 100.00 % 85.81 % 81.34 %
Q1 2014 100.00 % 86.84 % 84.08 %
Q2 2014 100.00 % 83.32 % 79.63 %
Q3 2014 100.00 % 82.14 % 104.30 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 42.18 (0.03) (0.03) 2.28
Q2 2005 42.18 (0.01) (0.01) 2.29
Q3 2005 42.18 (0.01) (0.01) 2.29
Q4 2005 42.18 0.08 0.08 2.36
Q1 2006 42.18 0.11 0.11 4.82
Q2 2006 42.18 0.11 0.11 4.02
Q3 2006 42.18 0.11 0.11 3.51
Q4 2006 42.18 0.01 0.01 2.93
Q1 2007 42.18 0.07 0.07 3.14
Q2 2007 60.00 0.10 0.10 12.80
Q3 2007 60.00 0.16 0.16 13.07
Q4 2007 60.00 0.26 0.26 13.67
Q1 2008 60.00 0.27 0.27 13.84
Q2 2008 60.00 0.36 0.36 13.90
Q3 2008 60.00 0.38 0.38 12.73
Q4 2008 60.00 0.33 0.33 11.70
Q1 2009 60.00 0.36 0.36 12.04
Q2 2009 60.00 0.41 0.41 12.29
Q3 2009 60.00 0.51 0.51 12.81
Q4 2009 60.00 0.58 0.58 12.93
Q1 2010 60.00 0.52 0.52 13.27
Q2 2010 60.00 0.43 0.43 13.34
Q3 2010 60.00 0.28 0.28 13.39
Q4 2010 60.00 0.17 0.17 13.87
Q1 2011 60.00 0.13 0.13 13.91
Q2 2011 60.00 0.09 0.09 13.93
Q3 2011 60.00 0.05 0.05 13.81
Q4 2011 60.00 0.16 0.16 13.74
Q1 2012 60.00 0.11 0.11 14.12
Q2 2012 60.00 (0.40) (0.40) 13.25
Q3 2012 60.00 (0.47) (0.47) 13.22
Q4 2012 60.00 (1.04) (1.04) 12.89
Q1 2013 60.00 (0.93) (0.93) 13.24
Q2 2013 60.00 (0.35) (0.35) 13.53
Q3 2013 60.00 (0.13) (0.13) 14.04
Q4 2013 60.00 0.42 0.42 14.75
Q1 2014 60.00 0.46 0.48 14.68
Q2 2014 60.00 0.20 0.38 14.58
Q3 2014 60.00 0.29 0.48 14.86

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 NEG NEG 6.80
Q2 2005 NEG NEG 20.19
Q3 2005 NEG NEG 29.65
Q4 2005 More than 100 More than 100 27.31
Q1 2006 More than 100 More than 100 14.38
Q2 2006 More than 100 More than 100 21.73
Q3 2006 More than 100 More than 100 33.24
Q4 2006 More than 100 More than 100 11.37
Q1 2007 More than 100 More than 100 12.09
Q2 2007 More than 100 More than 100 1.38
Q3 2007 More than 100 More than 100 1.71
Q4 2007 91.45 91.45 1.74
Q1 2008 59.00 59.00 1.17
Q2 2008 44.97 44.97 1.15
Q3 2008 29.14 29.14 0.87
Q4 2008 22.10 22.10 0.62
Q1 2009 21.68 21.68 0.64
Q2 2009 22.93 22.93 0.77
Q3 2009 19.88 19.88 0.80
Q4 2009 17.41 17.41 0.78
Q1 2010 19.12 19.12 0.75
Q2 2010 20.30 20.30 0.65
Q3 2010 32.41 32.41 0.68
Q4 2010 59.23 59.23 0.71
Q1 2011 81.60 81.60 0.73
Q2 2011 More than 100 More than 100 0.77
Q3 2011 More than 100 More than 100 0.69
Q4 2011 67.37 67.37 0.80
Q1 2012 More than 100 More than 100 1.12
Q2 2012 NEG NEG 0.86
Q3 2012 NEG NEG 1.01
Q4 2012 NEG NEG 0.86
Q1 2013 NEG NEG 0.85
Q2 2013 NEG NEG 0.82
Q3 2013 NEG NEG 0.85
Q4 2013 31.92 31.92 0.90
Q1 2014 34.09 33.19 1.08
Q2 2014 92.86 49.40 1.30
Q3 2014 68.21 41.17 1.34

Business Segments (Million)

Compared With The
Period Services and Invesments sector Glass industry Petrochemical sector Industrial Services Segment ( Energy and Utilities) Others
Q3 2009 - - - 9.85 1.62
Q4 2009 - (2.98) - 10.33 (0.34)
Q1 2010 - - - 2.00 1.62
Q2 2010 - - - 7.55 -
Q3 2010 - - - 2.36 -
Q4 2010 - (3.25) - 3.43 (0.04)
Q1 2011 - (0.65) - 1.76 -
Q2 2011 - (1.96) - 7.01 -
Q3 2011 - (2.76) - 3.39 -
Q4 2011 - (2.82) - (0.54) -
Q1 2012 - (2.43) - 0.87 -
Q2 2012 - (3.87) - (13.63) (1.59)
Q3 2012 - (3.86) - - 3.24
Q4 2012 - (2.96) - (14.14) -
Q1 2013 - (3.19) - 3.22 4.80
Q2 2013 - 0.45 - 9.39 0.04
Q3 2013 - 0.59 3.27 6.25 (0.61)
Q4 2013 - 2.75 - 3.88 -
Q1 2014 - 1.49 6.54 - 0.01
Q2 2014 - 0.60 - - 4.52
Q3 2014 - 1.94 4.90 - 9.84

Current
Market Cap (M Riyal) 2,121.00
Enterprise Value (EV) (M) 1,626.76
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 5.45
Book Value (BV) ( Riyal) 20.33
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 6.52
P/E (TTM) 6.60
Price/book 1.74
Return on Average Assets (%) (TTM) 27.3
Return on Average Equity (%) (TTM) 29.4

Share Price

35.35
(0.05) (0.14 %)

Saudi Advanced Industries Co. (SAIC)


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