Hail Cement net profit up 82% to SAR 107.5 mln in 2020

Hail Cement net profit up 82% to SAR 107.5 mln in 2020

25/01/2021 Argaam Exclusive

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Hail Cement Co. reported an annual net profit after Zakat and tax of SAR 107.5 million, an 82% increase from SAR 59.1 million in 2019.  

 

The increase in annual net profit was attributed to revenue growth and a decrease in some expenses.



Financials (M)

Item 2019 2020 Change‬
Revenues 274.40 336.28 22.6 %
Gross Income 91.43 147.66 61.5 %
Operating Income 69.51 126.03 81.3 %
Net Income 59.06 107.06 81.3 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.60 1.09 81.3 %

The company reported a net profit of SAR 22.68 million in Q4 2020, a 26.5% year-on-year (YoY) decline.

 

When compared to previous quarter, Q4 2020 net profit fell slightly by 0.7%.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 90.19 78.90 (12.5 %)
Gross Income 41.79 33.93 (18.8 %)
Operating Income 36.64 29.77 (18.8 %)
Net Income 30.84 22.26 (27.8 %)
Average Shares 97.90 97.90 -
EPS (Riyals) 0.32 0.23 (27.8 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 - - - - (4.53) -
Q2 2012 - - - - (6.26) -
Q3 2012 - - - - (5.97) -
Q4 2012 - - - - (9.82) -
Q1 2013 - - - - - -
Q2 2013 54.67 - 26.36 - 18.44 394.6 %
Q3 2013 45.99 - 24.59 - 16.75 380.5 %
Q4 2013 58.35 - 29.78 - 28.82 393.6 %
Q1 2014 83.48 - 44.23 - 37.55 -
Q2 2014 100.71 84.2 % 54.60 107.2 % 48.88 165.1 %
Q3 2014 79.78 73.5 % 32.33 31.5 % 26.46 57.9 %
Q4 2014 91.81 57.3 % 52.85 77.5 % 45.20 56.8 %
Q1 2015 87.43 4.7 % 48.51 9.7 % 39.54 5.3 %
Q2 2015 99.68 (1.0 %) 38.01 (30.4 %) 31.02 (36.5 %)
Q3 2015 77.73 (2.6 %) 36.60 13.2 % 30.21 14.2 %
Q4 2015 91.52 (0.3 %) 41.16 (22.1 %) 33.81 (25.2 %)
Q1 2016 89.45 2.3 % 46.41 (4.3 %) 39.32 (0.6 %)
Q2 2016 75.09 (24.7 %) 34.50 (9.2 %) 26.50 (14.6 %)
Q3 2016 58.22 (25.1 %) 31.56 (13.8 %) 25.22 (16.5 %)
Q4 2016 49.36 (46.1 %) 22.81 (44.6 %) 14.94 (55.8 %)
Q1 2017 44.44 (50.3 %) 17.04 (63.3 %) 10.33 (73.7 %)
Q2 2017 32.16 (57.2 %) 11.11 (67.8 %) 3.87 (85.4 %)
Q3 2017 36.89 (36.6 %) 9.27 (70.6 %) 3.11 (87.7 %)
Q4 2017 51.05 3.4 % 13.36 (41.4 %) 6.93 (53.6 %)
Q1 2018 48.73 9.7 % 9.55 (43.9 %) 3.91 (62.2 %)
Q2 2018 41.27 28.3 % (10.15) (191.4 %) (15.82) (508.9 %)
Q3 2018 41.00 11.2 % (10.23) (210.4 %) (15.86) (610.5 %)
Q4 2018 64.98 27.3 % 21.96 64.4 % 12.51 80.5 %
Q1 2019 68.57 40.7 % 27.17 184.5 % 21.52 450.9 %
Q2 2019 53.43 29.5 % 6.17 160.8 % 0.34 102.1 %
Q3 2019 62.21 51.7 % 16.30 259.3 % 11.02 169.5 %
Q4 2019 90.19 38.8 % 41.79 90.3 % 36.64 192.9 %
Q1 2020 119.46 74.2 % 55.02 102.5 % 48.19 123.9 %
Q2 2020 66.24 24.0 % 28.47 361.7 % 23.90 7033.7 %
Q3 2020 71.68 15.2 % 30.24 85.5 % 24.19 119.4 %
Q4 2020 78.90 (12.5 %) 33.93 (18.8 %) 29.77 (18.8 %)
2020 336.28 22.6 % 147.66 61.5 % 126.03 81.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 (6.32) - (0.06) - (6.32) (0.06)
Q2 2012 (8.60) - (0.09) - (8.60) (0.09)
Q3 2012 (3.39) - (0.03) - (3.39) (0.03)
Q4 2012 (8.47) - (0.09) - (8.47) (0.09)
Q1 2013 (13.93) (120.2 %) (0.14) (13.80) (0.13) 0.00
Q2 2013 18.55 315.8 % 0.19 - 18.55 0.19
Q3 2013 16.94 599.9 % 0.17 - 16.94 0.17
Q4 2013 28.91 441.3 % 0.30 - 28.91 0.30
Q1 2014 35.10 352.0 % 0.36 - 35.10 0.36
Q2 2014 46.00 148.0 % 0.47 - 46.00 0.47
Q3 2014 25.10 48.2 % 0.26 - 25.10 0.26
Q4 2014 40.86 41.3 % 0.42 - 40.86 0.42
Q1 2015 37.50 6.8 % 0.38 - 37.50 0.38
Q2 2015 28.64 (37.7 %) 0.29 - 28.64 0.29
Q3 2015 17.45 (30.5 %) 0.18 - 17.45 0.18
Q4 2015 29.95 (26.7 %) 0.31 - 29.95 0.31
Q1 2016 32.30 (13.9 %) 0.33 - 32.30 0.33
Q2 2016 26.84 (6.3 %) 0.27 - 26.84 0.27
Q3 2016 19.31 10.7 % 0.20 - 19.31 0.20
Q4 2016 21.21 (29.2 %) 0.22 - 21.21 0.22
Q1 2017 8.28 (74.4 %) 0.08 - 8.28 0.08
Q2 2017 2.66 (90.1 %) 0.03 - 2.66 0.03
Q3 2017 0.65 (96.6 %) 0.01 - 0.65 0.01
Q4 2017 3.96 (81.3 %) 0.04 - 3.96 0.04
Q1 2018 4.23 (48.9 %) 0.04 - 4.23 0.04
Q2 2018 (18.00) (776.9 %) (0.18) - (18.00) (0.18)
Q3 2018 (18.31) (2917.4 %) (0.19) - (18.31) (0.19)
Q4 2018 7.05 78.3 % 0.07 - 7.05 0.07
Q1 2019 22.55 433.4 % 0.23 - 22.55 0.23
Q2 2019 (1.92) 89.3 % (0.02) - (1.92) (0.02)
Q3 2019 7.59 141.5 % 0.08 - 7.59 0.08
Q4 2019 30.84 337.2 % 0.32 - 30.84 0.32
Q1 2020 40.22 78.4 % 0.41 - 40.22 0.41
Q2 2020 21.75 1232.1 % 0.22 - 21.75 0.22
Q3 2020 22.83 200.6 % 0.23 - 22.83 0.23
Q4 2020 22.26 (27.8 %) 0.23 (8.40) 30.67 0.31
2020 107.06 81.3 % 1.09 (8.40) 115.47 1.18

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 48.21 % 37.85 % 12.00 %
Q3 2013 50.60 % 58.82 % 26.71 %
Q4 2013 50.76 % 71.16 % 40.42 %
Q1 2014 51.53 % 68.21 % 41.03 %
Q2 2014 53.09 % 68.44 % 44.00 %
Q3 2014 49.93 % 64.55 % 41.92 %
Q4 2014 51.72 % 62.17 % 41.34 %
Q1 2015 52.34 % 61.76 % 41.55 %
Q2 2015 47.87 % 56.81 % 36.83 %
Q3 2015 49.34 % 58.03 % 34.89 %
Q4 2015 46.10 % 55.67 % 31.86 %
Q1 2016 45.25 % 55.58 % 30.23 %
Q2 2016 47.54 % 58.59 % 31.92 %
Q3 2016 48.88 % 60.93 % 34.49 %
Q4 2016 49.71 % 64.00 % 36.62 %
Q1 2017 46.63 % 63.96 % 33.30 %
Q2 2017 44.80 % 66.65 % 27.94 %
Q3 2017 36.98 % 61.87 % 20.14 %
Q4 2017 30.86 % 56.53 % 9.45 %
Q1 2018 25.64 % 51.43 % 6.81 %
Q2 2018 12.38 % 37.31 % (5.15 %)
Q3 2018 1.39 % 26.68 % (15.45 %)
Q4 2018 5.68 % 27.48 % (12.77 %)
Q1 2019 13.32 % 32.91 % (3.11 %)
Q2 2019 19.77 % 38.41 % 4.11 %
Q3 2019 28.73 % 44.70 % 14.15 %
Q4 2019 33.32 % 49.32 % 21.52 %
Q1 2020 36.66 % 49.64 % 23.59 %
Q2 2020 41.87 % 54.82 % 29.70 %
Q3 2020 44.74 % 57.48 % 33.27 %
Q4 2020 43.91 % 56.96 % 34.34 %
2020 43.91 % 56.96 % 34.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 97.90 - - 9.52
Q2 2012 97.90 - - 9.43
Q3 2012 97.90 - - 9.39
Q4 2012 97.90 (0.27) (0.27) 9.31
Q1 2013 97.90 (0.35) (0.21) 9.17
Q2 2013 97.90 (0.07) 0.07 9.36
Q3 2013 97.90 0.13 0.27 9.53
Q4 2013 97.90 0.52 0.66 9.82
Q1 2014 97.90 1.02 1.02 10.18
Q2 2014 97.90 1.30 1.30 10.65
Q3 2014 97.90 1.38 1.38 10.41
Q4 2014 97.90 1.50 1.50 10.83
Q1 2015 97.90 1.53 1.53 11.21
Q2 2015 97.90 1.35 1.35 10.90
Q3 2015 97.90 1.27 1.27 10.48
Q4 2015 97.90 1.16 1.16 10.79
Q1 2016 97.90 1.11 1.11 10.62
Q2 2016 97.90 1.09 1.09 10.91
Q3 2016 97.90 1.11 1.11 10.61
Q4 2016 97.90 1.02 1.02 10.79
Q1 2017 97.90 0.77 0.77 10.88
Q2 2017 97.90 0.53 0.53 10.45
Q3 2017 97.90 0.33 0.33 10.46
Q4 2017 97.90 0.16 0.16 10.50
Q1 2018 97.90 0.12 0.12 10.54
Q2 2018 97.90 (0.09) (0.09) 10.32
Q3 2018 97.90 (0.29) (0.29) 10.13
Q4 2018 97.90 (0.26) (0.26) 10.22
Q1 2019 97.90 (0.07) (0.07) 10.44
Q2 2019 97.90 0.10 0.10 10.42
Q3 2019 97.90 0.36 0.36 10.50
Q4 2019 97.90 0.60 0.60 10.79
Q1 2020 97.90 0.78 0.78 11.21
Q2 2020 97.90 1.03 1.03 11.44
Q3 2020 97.90 1.18 1.18 11.67
Q4 2020 97.90 1.09 1.18 11.86

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - 2.64
Q2 2012 - - 1.80
Q3 2012 - - 2.01
Q4 2012 NEG NEG 1.99
Q1 2013 NEG NEG 2.08
Q2 2013 NEG More than 100 2.15
Q3 2013 More than 100 79.55 2.29
Q4 2013 41.32 32.45 2.17
Q1 2014 23.17 23.17 2.31
Q2 2014 19.93 19.93 2.43
Q3 2014 21.24 21.24 2.82
Q4 2014 15.19 15.19 2.11
Q1 2015 14.75 14.75 2.01
Q2 2015 15.87 15.87 1.96
Q3 2015 13.27 13.27 1.61
Q4 2015 12.38 12.38 1.33
Q1 2016 11.22 11.22 1.17
Q2 2016 11.41 11.41 1.14
Q3 2016 9.38 9.38 0.98
Q4 2016 11.75 11.75 1.11
Q1 2017 14.43 14.43 1.03
Q2 2017 18.38 18.38 0.92
Q3 2017 26.87 26.87 0.86
Q4 2017 62.36 62.36 0.94
Q1 2018 78.97 78.97 0.88
Q2 2018 NEG NEG 0.88
Q3 2018 NEG NEG 0.79
Q4 2018 NEG NEG 0.77
Q1 2019 NEG NEG 0.80
Q2 2019 93.67 93.67 0.86
Q3 2019 26.62 26.62 0.91
Q4 2019 20.22 20.22 1.13
Q1 2020 12.30 12.30 0.86
Q2 2020 11.90 11.90 1.07
Q3 2020 13.36 13.36 1.35
Q4 2020 15.29 14.18 1.41

Analysts Estimates (Million)

Item Q4 2020 (e) Q4 2020 (a) Change‬
Average 33.00 22.26 (32.5 %)

Estimates vs Actual (Million)

Item Q4 2020 (e) Q4 2020 (a) Change
OSOOL AND BAKHEET 33.00 22.26 (32.5) %


Financial Ratios
Current
Market Cap (M Riyal) 1,135.64
Enterprise Value (EV) (M) 1,030.72
Shares Outstanding ((M)) 97.90
EPS ( Riyal) (TTM) 0.22
Book Value (BV) ( Riyal) 10.02
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.16
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 2.0
more

Share Price

Hail Cement Co.
11.60
0.02 0.17 %

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