Kingdom posts higher net profit at SAR 338.1m in I2 of 2014

Kingdom posts higher net profit at SAR 338.1m in I2 of 2014

21/07/2014 Argaam Exclusive

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Kingdom Holding Company, , reported SAR 338.1m net profit at the end of the first half of 2014, a 16% increase compared to the same period last year, as shown in the following table:

 



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 1,039.05 1,098.98 5.8 %
Gross Income 356.11 400.85 12.6 %
Operating Income 22.67 77.43 241.5 %
Net Income 291.29 338.07 16.1 %
Average Shares 3,705.88 3,705.88 -
EPS (Riyals) 0.08 0.09 16.1 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 542.87 586.03 7.9 %
Gross Income 190.70 220.34 15.5 %
Operating Income 23.42 55.07 135.1 %
Net Income 181.20 211.68 16.8 %
Average Shares 3,705.88 3,705.88 -
EPS (Riyals) 0.05 0.06 16.8 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 1,164.50 - 394.82 - 173.72 -
Q2 2007 1,333.44 - 469.66 - 252.32 -
Q3 2007 1,245.59 - 421.50 - 179.26 -
Q4 2007 1,256.97 - 463.98 - (151.61) -
Q1 2008 1,094.46 (6.0 %) 372.51 (5.7 %) 149.62 (13.9 %)
Q2 2008 1,249.17 (6.3 %) 454.47 (3.2 %) 66.42 (73.7 %)
Q3 2008 1,177.04 (5.5 %) 386.74 (8.2 %) 51.50 (71.3 %)
Q4 2008 1,250.16 (0.5 %) 397.94 (14.2 %) 38.19 125.2 %
Q1 2009 917.02 (16.2 %) 268.07 (28.0 %) 45.60 (69.5 %)
Q2 2009 972.06 (22.2 %) 284.54 (37.4 %) 73.22 10.2 %
Q3 2009 1,007.73 (14.4 %) 322.93 (16.5 %) 87.73 70.3 %
Q4 2009 1,134.78 (9.2 %) 368.85 (7.3 %) 37.34 (2.2 %)
Q1 2010 994.47 8.4 % 232.34 (13.3 %) (40.50) (188.8 %)
Q2 2010 522.70 (46.2 %) 210.74 (25.9 %) 82.45 12.6 %
Q3 2010 519.15 (48.5 %) 154.08 (52.3 %) (16.97) (119.3 %)
Q4 2010 689.99 (39.2 %) 215.94 (41.5 %) 59.95 60.5 %
Q1 2011 547.15 (45.0 %) 191.47 (17.6 %) 7.41 118.3 %
Q2 2011 541.82 3.7 % 155.84 (26.1 %) 6.82 (91.7 %)
Q3 2011 515.03 (0.8 %) 167.05 8.4 % (13.66) 19.5 %
Q4 2011 525.71 (23.8 %) 134.41 (37.8 %) (18.08) (130.2 %)
Q1 2012 484.00 (11.5 %) 151.52 (20.9 %) 7.87 6.1 %
Q2 2012 486.97 (10.1 %) 144.16 (7.5 %) 13.61 99.5 %
Q3 2012 482.04 (6.4 %) 152.37 (8.8 %) (6.67) 51.2 %
Q4 2012 496.31 (5.6 %) 152.45 13.4 % 3.33 118.4 %
Q1 2013 496.18 2.5 % 165.41 9.2 % (0.75) (109.5 %)
Q2 2013 542.87 11.5 % 190.70 32.3 % 23.42 72.1 %
Q3 2013 489.54 1.6 % 163.50 7.3 % 14.38 315.7 %
Q4 2013 480.17 (3.3 %) 167.77 10.1 % (40.23) (1308.3 %)
Q1 2014 512.95 3.4 % 180.51 9.1 % 22.36 3089.3 %
Q2 2014 586.03 7.9 % 220.34 15.5 % 55.07 135.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 289.23 - 0.08 - 289.23 0.08
Q2 2007 439.32 - 0.12 - 439.32 0.12
Q3 2007 225.99 - 0.06 - 225.99 0.06
Q4 2007 255.67 - 0.07 - 255.67 0.07
Q1 2008 303.80 5.0 % 0.08 - 303.80 0.08
Q2 2008 534.75 21.7 % 0.14 - 534.75 0.14
Q3 2008 226.49 0.2 % 0.06 - 226.49 0.06
Q4 2008 (30976.22) (12215.6 %) (8.36) (12256.00) (18720.22) (5.05)
Q1 2009 50.17 (83.5 %) 0.01 - 50.17 0.01
Q2 2009 92.06 (82.8 %) 0.02 - 92.06 0.02
Q3 2009 104.84 (53.7 %) 0.03 - 104.84 0.03
Q4 2009 155.53 100.5 % 0.04 - 155.53 0.04
Q1 2010 75.21 49.9 % 0.02 - 75.21 0.02
Q2 2010 135.44 47.1 % 0.04 - 135.44 0.04
Q3 2010 160.01 52.6 % 0.04 - 160.01 0.04
Q4 2010 234.59 50.8 % 0.06 - 234.59 0.06
Q1 2011 90.64 20.5 % 0.02 - 90.64 0.02
Q2 2011 163.47 20.7 % 0.04 - 163.47 0.04
Q3 2011 197.68 23.5 % 0.05 - 197.68 0.05
Q4 2011 187.82 (19.9 %) 0.05 - 187.82 0.05
Q1 2012 100.80 11.2 % 0.03 - 100.80 0.03
Q2 2012 178.91 9.4 % 0.05 - 178.91 0.05
Q3 2012 217.76 10.2 % 0.06 - 217.76 0.06
Q4 2012 209.60 11.6 % 0.06 - 209.60 0.06
Q1 2013 110.09 9.2 % 0.03 - 110.09 0.03
Q2 2013 181.20 1.3 % 0.05 - 181.20 0.05
Q3 2013 219.94 1.0 % 0.06 - 219.94 0.06
Q4 2013 231.24 10.3 % 0.06 - 231.24 0.06
Q1 2014 126.39 14.8 % 0.03 - 126.39 0.03
Q2 2014 211.68 16.8 % 0.06 - 211.68 0.06

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 35.00 % 17.77 % 24.20 %
Q1 2008 35.04 % 17.88 % 24.84 %
Q2 2008 35.34 % 15.21 % 27.24 %
Q3 2008 35.12 % 12.73 % 27.64 %
Q4 2008 33.78 % 16.07 % (370.07 %)
Q1 2009 32.81 % 14.44 % (389.88 %)
Q2 2009 30.98 % 15.09 % (425.17 %)
Q3 2009 30.71 % 16.53 % (445.46 %)
Q4 2009 30.87 % 16.74 % 9.99 %
Q1 2010 29.41 % 14.56 % 10.41 %
Q2 2010 31.01 % 14.90 % 12.87 %
Q3 2010 30.46 % 12.29 % 16.59 %
Q4 2010 29.82 % 13.16 % 22.20 %
Q1 2011 33.89 % 15.57 % 27.23 %
Q2 2011 31.21 % 12.65 % 28.23 %
Q3 2011 31.84 % 12.80 % 29.92 %
Q4 2011 30.46 % 10.22 % 30.03 %
Q1 2012 29.46 % 10.26 % 31.44 %
Q2 2012 29.68 % 10.65 % 33.07 %
Q3 2012 29.44 % 10.80 % 34.63 %
Q4 2012 30.81 % 12.26 % 36.27 %
Q1 2013 31.32 % 11.75 % 36.52 %
Q2 2013 32.76 % 11.99 % 35.62 %
Q3 2013 33.19 % 13.36 % 35.60 %
Q4 2013 34.22 % 11.57 % 36.96 %
Q1 2014 34.68 % 12.76 % 37.46 %
Q2 2014 35.39 % 13.99 % 38.15 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 3,705.88 - - 17.00
Q2 2007 3,705.88 - - 17.10
Q3 2007 3,705.88 - - 16.31
Q4 2007 3,705.88 0.33 0.33 13.82
Q1 2008 3,705.88 0.33 0.33 11.45
Q2 2008 3,705.88 0.36 0.36 10.60
Q3 2008 3,705.88 0.36 0.36 10.59
Q4 2008 3,705.88 (8.07) (4.76) 5.83
Q1 2009 3,705.88 (8.14) (4.83) 5.18
Q2 2009 3,705.88 (8.26) (4.95) 5.52
Q3 2009 3,705.88 (8.29) (4.98) 6.01
Q4 2009 3,705.88 0.11 0.11 6.63
Q1 2010 3,705.88 0.12 0.12 6.97
Q2 2010 3,705.88 0.13 0.13 6.65
Q3 2010 3,705.88 0.14 0.14 6.88
Q4 2010 3,705.88 0.16 0.16 7.31
Q1 2011 3,705.88 0.17 0.17 7.26
Q2 2011 3,705.88 0.18 0.18 7.26
Q3 2011 3,705.88 0.19 0.19 6.62
Q4 2011 3,705.88 0.17 0.17 6.87
Q1 2012 3,705.88 0.18 0.18 7.19
Q2 2012 3,705.88 0.18 0.18 6.98
Q3 2012 3,705.88 0.18 0.18 7.32
Q4 2012 3,705.88 0.19 0.19 7.61
Q1 2013 3,705.88 0.19 0.19 7.88
Q2 2013 3,705.88 0.19 0.19 8.05
Q3 2013 3,705.88 0.19 0.19 8.28
Q4 2013 3,705.88 0.20 0.20 8.53
Q1 2014 3,705.88 0.20 0.20 8.08
Q2 2014 3,705.88 0.21 0.21 8.55

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - 0.99
Q4 2007 60.54 60.54 1.43
Q1 2008 52.65 52.65 1.52
Q2 2008 43.28 43.28 1.46
Q3 2008 31.96 31.96 1.08
Q4 2008 NEG NEG 1.27
Q1 2009 NEG NEG 1.16
Q2 2009 NEG NEG 1.39
Q3 2009 NEG NEG 1.22
Q4 2009 68.39 68.39 1.12
Q1 2010 81.03 81.03 1.34
Q2 2010 63.73 63.73 1.22
Q3 2010 56.34 56.34 1.16
Q4 2010 50.21 50.21 1.12
Q1 2011 54.33 54.33 1.25
Q2 2011 45.70 45.70 1.10
Q3 2011 40.49 40.49 1.13
Q4 2011 51.28 51.28 1.29
Q1 2012 71.01 71.01 1.73
Q2 2012 67.41 67.41 1.73
Q3 2012 78.14 78.14 1.97
Q4 2012 More than 100 More than 100 2.75
Q1 2013 86.91 86.91 2.13
Q2 2013 94.88 94.88 2.28
Q3 2013 97.68 97.68 2.30
Q4 2013 More than 100 More than 100 2.87
Q1 2014 More than 100 More than 100 2.78
Q2 2014 More than 100 More than 100 2.82

Business Segments (Million)

Compared With The
Period Intellectual Property Investments Operating Hotels Real Estate
Q1 2007 464.35 1,068.53 138.72
Q2 2007 601.75 1,378.59 133.04
Q3 2007 513.14 1,457.74 100.71
Q4 2007 450.32 670.54 180.25
Q1 2008 345.69 1,077.75 169.38
Q2 2008 685.66 1,141.54 177.22
Q3 2008 344.95 1,061.52 141.23
Q4 2008 (75.97) 926.14 163.50
Q1 2009 202.20 728.15 192.77
Q2 2009 8.19 828.61 180.86
Q3 2009 94.00 899.93 103.35
Q4 2009 150.92 1,019.89 112.42
Q1 2010 (32.45) 744.18 532.68
Q2 2010 41.31 330.19 315.14
Q3 2010 29.93 383.95 412.04
Q4 2010 7.23 719.69 259.14
Q1 2011 44.64 372.31 397.86
Q2 2011 109.52 406.07 302.92
Q3 2011 431.33 515.72 (113.89)
Q4 2011 (576.77) 485.75 826.83
Q1 2012 165.79 302.46 592.00
Q2 2012 30.75 394.87 232.61
Q3 2012 132.65 406.97 293.14
Q4 2012 95.47 399.53 431.09
Q1 2013 200.23 323.73 141.21
Q2 2013 181.82 464.51 151.02
Q3 2013 297.94 362.03 126.36
Q4 2013 167.67 369.87 346.41
Q1 2014 295.66 291.02 154.43
Q2 2014 279.22 436.26 181.46

Current
Market Cap (M Riyal) 35,576.47
Enterprise Value (EV) (M) 48,594.01
Shares Outstanding ((M)) 3,705.88
EPS ( Riyal) (TTM) 0.36
Book Value (BV) ( Riyal) 10.13
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 33.54
P/E (TTM) 26.86
Price/book 0.95
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 3.9

Share Price

9.60
0.09 0.95 %

Kingdom Holding Co. (KINGDOM)


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