Al-Babtain Q1 2021 profit rises 9% to SAR 15.5 mln

Al-Babtain Q1 2021 profit rises 9% to SAR 15.5 mln

23/05/2021 Argaam Exclusive

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Al-Babtain Power and Telecommunication Co. posted a net profit after Zakat and tax of SAR 15.5 million  in Q1 2021, a rise of 9%, compared with SAR 14.2 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 389.63 322.04 (17.3 %)
Gross Income 44.82 43.30 (3.4 %)
Operating Income 18.78 17.40 (7.4 %)
Net Income 14.23 15.47 8.7 %
Average Shares 63.95 63.95 -
Earnings Per Share before unusual items 0.20 0.24 21.6 %
EPS (Riyals) 0.22 0.24 8.7 %

The company attributed the profit growth to lower cost of sales and a decline in marketing expenses, finance, Zakat and tax, in addition to higher other income.

Compared to the previous quarter, the profit fell by 45.2% in Q1 2021.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2012 276.90 17.7 % 31.35 (14.1 %) 12.61 (24.9 %)
Q2 2012 371.19 35.1 % 43.03 10.4 % 18.46 (6.7 %)
Q3 2012 341.70 49.6 % 69.79 58.6 % 11.36 (56.0 %)
Q4 2012 362.76 36.1 % (10.11) (127.8 %) (32.69) (296.7 %)
Q1 2013 320.05 15.6 % 50.32 60.5 % 14.77 17.1 %
Q2 2013 346.45 (6.7 %) 74.14 72.3 % 39.28 112.8 %
Q3 2013 319.47 (6.5 %) 64.56 (7.5 %) 20.98 84.7 %
Q4 2013 403.00 11.1 % 52.98 624.3 % 20.88 163.9 %
Q1 2014 293.77 (8.2 %) 62.11 23.4 % 25.17 70.4 %
Q2 2014 309.86 (10.6 %) 72.51 (2.2 %) 41.97 6.9 %
Q3 2014 295.02 (7.7 %) 68.90 6.7 % 47.95 128.6 %
Q4 2014 335.47 (16.8 %) 96.61 82.4 % 72.45 247.0 %
Q1 2015 385.18 31.1 % 86.81 39.8 % 31.49 25.1 %
Q2 2015 394.27 27.2 % 85.39 17.8 % 65.58 56.2 %
Q3 2015 366.20 24.1 % 77.38 12.3 % 41.80 (12.8 %)
Q4 2015 394.00 17.4 % 105.00 8.7 % 51.28 (29.2 %)
Q1 2016 338.75 (12.1 %) 89.20 2.8 % 49.80 58.1 %
Q2 2016 339.31 (13.9 %) 95.92 12.3 % 43.62 (33.5 %)
Q3 2016 246.69 (32.6 %) 68.15 (11.9 %) 37.18 (11.1 %)
Q4 2016 324.03 (17.8 %) 70.35 (33.0 %) 42.88 (16.4 %)
Q1 2017 290.06 (14.4 %) 76.04 (14.8 %) 39.47 (20.7 %)
Q2 2017 340.37 0.3 % 79.77 (16.8 %) 43.23 (0.9 %)
Q3 2017 329.55 33.6 % 76.71 12.6 % 41.13 10.6 %
Q4 2017 315.92 (2.5 %) 51.72 (26.5 %) 18.34 (57.2 %)
Q1 2018 284.46 (1.9 %) 61.28 (19.4 %) 28.89 (26.8 %)
Q2 2018 243.43 (28.5 %) 42.51 (46.7 %) 2.67 (93.8 %)
Q3 2018 269.05 (18.4 %) 36.44 (52.5 %) 15.45 (62.4 %)
Q4 2018 116.28 (63.2 %) 20.90 (59.6 %) 14.01 (23.6 %)
Q1 2019 285.94 0.5 % 39.50 (35.5 %) 6.32 (78.1 %)
Q2 2019 358.00 47.1 % 57.50 35.3 % 24.05 800.5 %
Q3 2019 437.57 62.6 % 62.64 71.9 % 29.31 89.7 %
Q4 2019 267.06 129.7 % 27.68 32.5 % 32.57 132.4 %
Q1 2020 389.63 36.3 % 44.82 13.5 % 18.78 197.0 %
Q2 2020 294.11 (17.8 %) 54.28 (5.6 %) 30.47 26.7 %
Q3 2020 353.06 (19.3 %) 46.67 (25.5 %) 22.71 (22.5 %)
Q4 2020 350.34 31.2 % 56.79 105.2 % 27.10 (16.8 %)
Q1 2021 322.04 (17.3 %) 43.30 (3.4 %) 17.40 (7.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
Q1 2012 13.06 (19.1 %) 0.20 - 13.06 0.20
Q2 2012 20.12 3.1 % 0.31 - 20.12 0.31
Q3 2012 14.14 (38.1 %) 0.22 - 14.14 0.22
Q4 2012 31.03 68.8 % 0.49 85.42 (54.39) (0.85)
Q1 2013 15.59 19.4 % 0.24 - 15.59 0.24
Q2 2013 50.99 153.5 % 0.80 - 50.99 0.80
Q3 2013 16.35 15.7 % 0.26 - 16.35 0.26
Q4 2013 27.69 (10.8 %) 0.43 - 27.69 0.43
Q1 2014 22.17 42.2 % 0.35 - 22.17 0.35
Q2 2014 38.98 (23.5 %) 0.61 - 38.98 0.61
Q3 2014 14.92 (8.7 %) 0.23 - 14.92 0.23
Q4 2014 30.31 9.5 % 0.47 - 30.31 0.47
Q1 2015 26.28 18.6 % 0.41 - 26.28 0.41
Q2 2015 39.57 1.5 % 0.62 - 39.57 0.62
Q3 2015 32.46 117.5 % 0.51 - 32.46 0.51
Q4 2015 38.41 26.7 % 0.60 (14.07) 52.48 0.82
Q1 2016 39.69 51.0 % 0.62 - 39.69 0.62
Q2 2016 39.91 0.9 % 0.62 - 39.91 0.62
Q3 2016 34.61 6.6 % 0.54 - 34.61 0.54
Q4 2016 40.71 6.0 % 0.64 - 40.71 0.64
Q1 2017 39.08 (1.5 %) 0.61 - 39.08 0.61
Q2 2017 41.24 3.3 % 0.64 - 41.24 0.64
Q3 2017 29.97 (13.4 %) 0.47 - 29.97 0.47
Q4 2017 36.88 (9.4 %) 0.58 - 36.88 0.58
Q1 2018 19.36 (50.5 %) 0.30 - 19.36 0.30
Q2 2018 20.49 (50.3 %) 0.32 - 20.49 0.32
Q3 2018 9.15 (69.5 %) 0.14 5.96 3.19 0.05
Q4 2018 20.74 (43.8 %) 0.32 8.89 11.85 0.19
Q1 2019 19.82 2.4 % 0.31 14.54 5.29 0.08
Q2 2019 20.84 1.7 % 0.33 2.73 18.11 0.28
Q3 2019 20.95 128.9 % 0.33 2.19 18.76 0.29
Q4 2019 24.40 17.6 % 0.38 (2.19) 26.59 0.42
Q1 2020 14.23 (28.2 %) 0.22 1.50 12.72 0.20
Q2 2020 22.51 8.0 % 0.35 - 22.51 0.35
Q3 2020 15.31 (26.9 %) 0.24 - 15.31 0.24
Q4 2020 28.26 15.8 % 0.44 5.78 22.48 0.35
Q1 2021 15.47 8.7 % 0.24 - 15.47 0.24

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2012 14.39 % 10.66 % 7.05 %
Q2 2012 13.53 % 8.05 % 6.51 %
Q3 2012 14.37 % 7.68 % 5.23 %
Q4 2012 9.91 % 4.09 % (0.52 %)
Q1 2013 10.96 % 4.36 % (0.33 %)
Q2 2013 13.43 % 7.19 % 1.92 %
Q3 2013 13.26 % 7.16 % 2.12 %
Q4 2013 17.42 % 10.49 % 7.96 %
Q1 2014 18.62 % 11.22 % 8.60 %
Q2 2014 19.02 % 11.75 % 7.93 %
Q3 2014 19.71 % 13.39 % 7.97 %
Q4 2014 24.32 % 21.57 % 8.62 %
Q1 2015 24.51 % 22.20 % 8.34 %
Q2 2015 23.95 % 22.74 % 7.88 %
Q3 2015 23.37 % 21.37 % 8.68 %
Q4 2015 23.03 % 16.96 % 9.79 %
Q1 2016 23.91 % 17.66 % 11.00 %
Q2 2016 25.55 % 16.67 % 11.44 %
Q3 2016 27.17 % 17.95 % 12.64 %
Q4 2016 25.92 % 17.66 % 12.41 %
Q1 2017 25.87 % 18.52 % 12.86 %
Q2 2017 24.50 % 17.09 % 12.96 %
Q3 2017 23.59 % 16.11 % 11.76 %
Q4 2017 22.28 % 13.82 % 11.53 %
Q1 2018 21.21 % 11.61 % 10.03 %
Q2 2018 19.79 % 10.40 % 9.09 %
Q3 2018 17.25 % 8.46 % 7.18 %
Q4 2018 17.64 % 9.29 % 6.01 %
Q1 2019 15.23 % 7.34 % 4.46 %
Q2 2019 14.99 % 8.16 % 3.73 %
Q3 2019 15.07 % 8.20 % 4.51 %
Q4 2019 13.89 % 8.57 % 5.10 %
Q1 2020 13.26 % 8.38 % 5.25 %
Q2 2020 13.64 % 9.56 % 5.80 %
Q3 2020 13.30 % 9.60 % 5.92 %
Q4 2020 14.60 % 9.47 % 5.26 %
Q1 2021 15.24 % 9.91 % 5.74 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2012 63.95 1.15 1.15 9.74
Q2 2012 63.95 1.16 1.16 8.99
Q3 2012 63.95 1.03 1.03 9.20
Q4 2012 63.95 1.23 (0.11) 9.05
Q1 2013 63.95 1.26 (0.07) 9.10
Q2 2013 63.95 1.75 0.41 9.93
Q3 2013 63.95 1.78 0.45 10.17
Q4 2013 63.95 1.73 1.73 9.50
Q1 2014 63.95 1.83 1.83 10.30
Q2 2014 63.95 1.65 1.65 10.88
Q3 2014 63.95 1.62 1.62 11.08
Q4 2014 63.95 1.66 1.66 10.17
Q1 2015 63.95 1.73 1.73 10.31
Q2 2015 63.95 1.74 1.74 10.62
Q3 2015 63.95 2.01 2.01 11.30
Q4 2015 63.95 2.14 2.36 10.95
Q1 2016 63.95 2.35 2.57 10.97
Q2 2016 63.95 2.35 2.57 11.59
Q3 2016 63.95 2.39 2.61 12.14
Q4 2016 63.95 2.42 2.42 11.59
Q1 2017 63.95 2.41 2.41 12.08
Q2 2017 63.95 2.43 2.43 11.93
Q3 2017 63.95 2.36 2.36 11.77
Q4 2017 63.95 2.30 2.30 12.46
Q1 2018 63.95 1.99 1.99 12.39
Q2 2018 63.95 1.67 1.67 12.38
Q3 2018 63.95 1.34 1.25 12.54
Q4 2018 63.95 1.09 0.86 11.88
Q1 2019 63.95 1.10 0.64 12.24
Q2 2019 63.95 1.10 0.60 12.62
Q3 2019 63.95 1.29 0.84 13.00
Q4 2019 63.95 1.35 1.08 12.49
Q1 2020 63.95 1.26 1.19 12.71
Q2 2020 63.95 1.28 1.26 12.54
Q3 2020 63.95 1.20 1.21 12.79
Q4 2020 63.95 1.26 1.14 12.14
Q1 2021 63.95 1.28 1.18 11.68

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2012 18.83 18.83 2.23
Q2 2012 12.40 12.40 1.61
Q3 2012 17.07 17.07 1.91
Q4 2012 12.92 NEG 1.75
Q1 2013 12.62 NEG 1.75
Q2 2013 9.04 38.37 1.59
Q3 2013 12.90 51.52 2.26
Q4 2013 12.33 12.33 2.25
Q1 2014 12.08 12.08 2.15
Q2 2014 13.75 13.75 2.08
Q3 2014 18.37 18.37 2.69
Q4 2014 10.90 10.90 1.78
Q1 2015 16.47 16.47 2.76
Q2 2015 18.27 18.27 2.99
Q3 2015 11.47 11.47 2.04
Q4 2015 9.58 8.68 1.87
Q1 2016 6.91 6.32 1.48
Q2 2016 7.91 7.23 1.61
Q3 2016 5.78 5.29 1.14
Q4 2016 6.97 6.97 1.46
Q1 2017 8.41 8.41 1.68
Q2 2017 7.32 7.32 1.49
Q3 2017 8.02 8.02 1.61
Q4 2017 7.76 7.76 1.43
Q1 2018 8.98 8.98 1.44
Q2 2018 10.47 10.47 1.41
Q3 2018 10.88 11.69 1.17
Q4 2018 12.10 15.38 1.11
Q1 2019 14.09 24.23 1.26
Q2 2019 13.23 24.29 1.16
Q3 2019 13.02 19.85 1.29
Q4 2019 13.38 16.74 1.44
Q1 2020 10.34 10.91 1.02
Q2 2020 11.61 11.83 1.19
Q3 2020 15.97 15.83 1.49
Q4 2020 16.80 18.48 1.74
Q1 2021 17.30 18.62 1.89

Business Segments (Million)

Compared With The
Period Towers and metal structures sector Lampposts and lighting sector Design, supply and installation sector The main center Solar energy sector
Q1 2012 86.69 115.98 74.23 - -
Q2 2012 86.01 210.41 74.77 - -
Q3 2012 91.08 177.94 72.68 - -
Q4 2012 78.18 193.93 90.65 - -
Q1 2013 58.43 195.65 65.98 - -
Q2 2013 34.16 228.92 83.37 - -
Q3 2013 45.82 211.23 62.42 - -
Q4 2013 136.42 188.51 78.07 - -
Q1 2014 107.84 112.94 73.00 - -
Q2 2014 99.45 130.60 79.81 - -
Q3 2014 96.74 119.85 78.43 - -
Q4 2014 125.60 123.24 86.64 - -
Q1 2015 112.21 180.39 92.58 - -
Q2 2015 131.19 166.56 96.52 - -
Q3 2015 132.12 145.50 88.58 - -
Q4 2015 129.32 162.59 114.28 - -
Q1 2016 92.81 159.81 86.13 - -
Q2 2016 65.66 183.67 89.98 - -
Q3 2016 28.67 141.09 76.94 - -
Q4 2016 49.44 138.33 138.27 - -
Q1 2017 110.95 112.90 66.21 - -
Q2 2017 78.31 185.75 76.30 - -
Q3 2017 96.70 139.31 93.54 - -
Q4 2017 70.96 161.98 82.97 - -
Q1 2018 72.03 157.52 54.91 - -
Q2 2018 65.94 131.78 45.70 - -
Q3 2018 74.61 127.57 66.87 - -
Q1 2019 84.83 116.82 84.29 - -
Q2 2019 85.19 202.58 70.15 - -
Q3 2019 99.58 208.28 55.25 - 74.54
Q4 2019 85.14 80.29 73.07 - 28.56
Q1 2020 144.80 161.28 76.40 - 7.15
Q2 2020 101.49 94.66 76.63 - 21.33
Q3 2020 113.25 128.29 72.43 - 39.10
Q4 2020 123.91 116.85 71.99 - 37.60
Q1 2021 119.70 110.22 60.56 - 31.56

Current
Market Cap (M Riyal) 2,925.71
Enterprise Value (EV) (M) 3,919.88
Shares Outstanding ((M)) 63.95
EPS ( Riyal) (TTM) 3.50
Book Value (BV) ( Riyal) 15.99
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 13.76
P/E (TTM) 13.06
Price/book 2.86
Return on Average Assets (%) (TTM) 7.7
Return on Average Equity (%) (TTM) 23.0

Share Price

Al-Babtain Power and Telecommunication Co. (ALBABTAIN)


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