A.Othaim Market posts higher net profit at SAR 80.5mln in I2 of 2013

A.Othaim Market posts higher net profit at SAR 80.5mln in I2 of 2013

30/06/2013 Argaam Exclusive

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Abdullah Al Othaim Markets Co., which establish and manage central markets, reported SAR 80.5m net profit at the end of the first half of 2013, compared to SAR 70.6m in the same period last year.



Financials (M)

Item 6m 2012 6m 2013 Change‬
Revenues 1,997.12 2,227.62 11.5 %
Gross Income 321.99 340.45 5.7 %
Operating Income 48.94 48.32 (1.3 %)
Net Income 70.62 80.54 14.1 %
Average Shares 900.00 900.00 -
EPS (Riyals) 0.08 0.09 14.1 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2012 Q2 2013 Change‬
Revenues 1,020.85 1,161.19 13.7 %
Gross Income 286.50 176.39 (38.4 %)
Operating Income 53.35 19.51 (63.4 %)
Net Income 36.76 39.73 8.1 %
Average Shares 900.00 900.00 -
EPS (Riyals) 0.04 0.04 8.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2004 - - - - - -
Q2 2004 - - - - - -
Q3 2004 - - - - - -
Q4 2004 - - - - - -
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 515.14 - 31.25 - 9.69 -
Q4 2006 426.25 - 14.90 - (4.97) -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 732.74 42.2 % 36.16 15.7 % 8.84 (8.8 %)
Q4 2007 601.81 41.2 % 26.26 76.3 % 2.69 154.0 %
Q1 2008 671.75 - 36.69 - 11.80 -
Q2 2008 716.24 - 23.97 - (5.47) -
Q3 2008 780.89 6.6 % 23.96 (33.7 %) (4.30) (148.7 %)
Q4 2008 671.64 11.6 % 33.58 27.9 % (4.27) (258.9 %)
Q1 2009 717.56 6.8 % 23.96 (34.7 %) (2.18) (118.5 %)
Q2 2009 723.85 1.1 % 27.48 14.7 % (0.94) 82.9 %
Q3 2009 861.61 10.3 % 35.33 47.5 % 6.91 260.6 %
Q4 2009 762.12 13.5 % 51.00 51.9 % 15.91 473.0 %
Q1 2010 779.56 8.6 % 37.59 56.9 % 10.58 585.6 %
Q2 2010 821.67 13.5 % 38.46 39.9 % 6.23 764.9 %
Q3 2010 941.39 9.3 % 42.72 20.9 % 5.70 (17.5 %)
Q4 2010 879.81 15.4 % 63.20 23.9 % 26.26 65.0 %
Q1 2011 934.19 19.8 % 45.06 19.9 % 10.86 2.6 %
Q2 2011 987.16 20.1 % 43.82 13.9 % 5.40 (13.3 %)
Q3 2011 1,096.14 16.4 % 42.42 (0.7 %) (7.41) (229.9 %)
Q4 2011 925.31 5.2 % 43.73 (30.8 %) 0.66 (97.5 %)
Q1 2012 976.27 4.5 % 35.50 (21.2 %) (4.40) (140.6 %)
Q2 2012 1,020.85 3.4 % 286.50 553.8 % 53.35 888.1 %
Q3 2012 1,122.32 2.4 % 184.90 335.9 % 25.55 444.8 %
Q4 2012 985.76 6.5 % 178.02 307.1 % 42.40 6333.7 %
Q1 2013 1,066.43 9.2 % 164.06 362.2 % 28.81 754.3 %
Q2 2013 1,161.19 13.7 % 176.39 (38.4 %) 19.51 (63.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2004 - - - - - -
Q2 2004 - - - - - -
Q3 2004 - - - - - -
Q4 2004 - - - - - -
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 22.07 - 0.02 - 22.07 0.02
Q4 2006 12.15 - 0.01 - 12.15 0.01
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 18.61 (15.7 %) 0.02 - 18.61 0.02
Q4 2007 14.80 21.8 % 0.02 - 14.80 0.02
Q1 2008 23.50 - 0.03 - 23.50 0.03
Q2 2008 14.45 - 0.02 - 14.45 0.02
Q3 2008 14.19 (23.7 %) 0.02 - 14.19 0.02
Q4 2008 10.13 (31.6 %) 0.01 - 10.13 0.01
Q1 2009 16.36 (30.4 %) 0.02 - 16.36 0.02
Q2 2009 19.51 35.0 % 0.02 - 19.51 0.02
Q3 2009 25.20 77.6 % 0.03 - 25.20 0.03
Q4 2009 16.46 62.5 % 0.02 (18.82) 35.28 0.04
Q1 2010 31.74 94.1 % 0.04 - 31.74 0.04
Q2 2010 31.32 60.6 % 0.03 - 31.32 0.03
Q3 2010 45.87 82.0 % 0.05 - 45.87 0.05
Q4 2010 53.00 222.0 % 0.06 - 53.00 0.06
Q1 2011 36.50 15.0 % 0.04 (5.31) 41.81 0.05
Q2 2011 41.10 31.2 % 0.05 (0.58) 41.69 0.05
Q3 2011 35.99 (21.5 %) 0.04 - 35.99 0.04
Q4 2011 36.48 (31.2 %) 0.04 - 30.59 0.03
Q1 2012 33.86 (7.3 %) 0.04 - 33.86 0.04
Q2 2012 36.76 (10.6 %) 0.04 - 36.76 0.04
Q3 2012 40.68 13.0 % 0.05 - 40.68 0.05
Q4 2012 60.47 65.8 % 0.07 - 60.47 0.07
Q1 2013 40.81 20.5 % 0.05 - 40.81 0.05
Q2 2013 39.73 8.1 % 0.04 - 39.73 0.04

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
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 - - -
Q2 2008 4.52 % 1.88 % 2.62 %
Q3 2008 4.00 % 1.44 % 2.42 %
Q4 2008 4.16 % 1.24 % 2.19 %
Q1 2009 3.65 % 0.81 % 1.91 %
Q2 2009 3.77 % 1.02 % 2.08 %
Q3 2009 4.05 % 1.43 % 2.39 %
Q4 2009 4.49 % 2.09 % 3.14 %
Q1 2010 4.84 % 2.51 % 3.57 %
Q2 2010 5.04 % 2.68 % 3.83 %
Q3 2010 5.14 % 2.62 % 4.36 %
Q4 2010 5.32 % 2.88 % 4.73 %
Q1 2011 5.30 % 2.93 % 4.81 %
Q2 2011 5.20 % 2.96 % 4.87 %
Q3 2011 4.99 % 2.67 % 4.43 %
Q4 2011 4.44 % 2.15 % 3.81 %
Q1 2012 4.15 % 1.79 % 3.57 %
Q2 2012 10.16 % 3.03 % 3.41 %
Q3 2012 13.61 % 3.88 % 3.51 %
Q4 2012 16.68 % 4.90 % 4.18 %
Q1 2013 19.39 % 5.62 % 4.26 %
Q2 2013 16.22 % 4.71 % 4.19 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2004 - - - -
Q2 2004 - - - -
Q3 2004 - - - -
Q4 2004 - - - -
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 900.00 - - 0.30
Q4 2006 900.00 - - 0.26
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 900.00 - - 0.26
Q4 2007 900.00 - - 0.26
Q1 2008 900.00 - - 0.29
Q2 2008 900.00 0.08 0.08 0.31
Q3 2008 900.00 0.07 0.07 0.32
Q4 2008 900.00 0.07 0.07 0.33
Q1 2009 900.00 0.06 0.06 0.35
Q2 2009 900.00 0.07 0.07 0.33
Q3 2009 900.00 0.08 0.08 0.36
Q4 2009 900.00 0.09 0.11 0.38
Q1 2010 900.00 0.10 0.12 0.35
Q2 2010 900.00 0.12 0.14 0.39
Q3 2010 900.00 0.14 0.16 0.44
Q4 2010 900.00 0.18 0.18 0.50
Q1 2011 900.00 0.19 0.19 0.46
Q2 2011 900.00 0.20 0.20 0.51
Q3 2011 900.00 0.19 0.19 0.55
Q4 2011 900.00 0.17 0.17 0.59
Q1 2012 900.00 0.16 0.16 0.63
Q2 2012 900.00 0.16 0.15 0.67
Q3 2012 900.00 0.16 0.16 0.71
Q4 2012 900.00 0.19 0.19 0.76
Q1 2013 900.00 0.20 0.20 0.80
Q2 2013 900.00 0.20 0.20 0.77

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
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 - - -
Q2 2008 - - -
Q3 2008 13.49 13.49 3.12
Q4 2008 14.45 14.45 3.01
Q1 2009 15.48 15.48 2.70
Q2 2009 22.06 22.06 4.41
Q3 2009 14.96 14.96 3.26
Q4 2009 14.73 11.86 3.33
Q1 2010 14.47 12.04 4.22
Q2 2010 16.44 13.94 4.92
Q3 2010 12.47 10.85 3.95
Q4 2010 10.84 10.84 3.91
Q1 2011 12.46 12.07 4.97
Q2 2011 12.40 12.00 4.77
Q3 2011 13.04 12.59 4.39
Q4 2011 14.99 14.99 4.23
Q1 2012 13.89 14.41 3.62
Q2 2012 13.45 14.02 3.20
Q3 2012 13.48 14.04 3.10
Q4 2012 10.78 10.78 2.72
Q1 2013 10.48 10.48 2.60
Q2 2013 13.87 13.87 3.63

Business Segments (Million)

Compared With The
Period Retail and wholesale Head office and leasing and others
Q1 2011 934.19 32.34
Q2 2011 987.16 38.21
Q3 2011 1,096.14 40.08
Q4 2011 925.31 37.48
Q1 2012 976.27 36.44
Q2 2012 1,020.85 3.02
Q3 2012 1,122.32 20.32
Q4 2012 985.76 21.90
Q1 2013 1,066.43 21.50
Q2 2013 1,161.19 23.94

Current
Market Cap (M Riyal) 9,828.00
Enterprise Value (EV) (M) 9,890.51
Shares Outstanding ((M)) 900.00
EPS ( Riyal) (TTM) 0.45
Book Value (BV) ( Riyal) 1.15
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 25.61
P/E (TTM) 24.24
Price/book 9.46
Return on Average Assets (%) (TTM) 6.6
Return on Average Equity (%) (TTM) 36.1

Share Price

10.92
(0.04) (0.36 %)

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)


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