Fitaihi posts net loss of SAR 7 mln in FY16

Fitaihi posts net loss of SAR 7 mln in FY16

19/01/2017 Argaam Exclusive

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Fitaihi Holding Group swung to a net loss of SAR 7.07 million for fiscal year 2016, compared to a net profit of SAR 40.5 million in 2015, due to lower sales volumes and higher investment losses, along with a decline in other income. 



Financials (M)

Item 2015 2016 Change‬
Revenues 263.56 195.36 (25.9 %)
Gross Income 127.41 90.22 (29.2 %)
Operating Income 10.69 (22.81) (313.5 %)
Net Income 40.56 (18.60) (145.9 %)
Average Shares 275.00 275.00 -
EPS (Riyals) 0.15 (0.07) (145.9 %)

In Q4 2016, the jeweler retailer narrowed net losses by 64 percent year-on-year (YoY) to SAR 2 million, due to a higher profit share in associate firms, decline in losses from available-for-sale investments, and reduced general and administrative expenses.

 

The company also swung to net losses compared to net profit of SAR 3.3 million in Q3 2016. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2015 Q4 2016 Change‬
Revenues 65.89 48.42 (26.5 %)
Gross Income 30.15 18.63 (38.2 %)
Operating Income (0.01) (16.69) (166,810.0 %)
Net Income (7.49) (17.85) (138.4 %)
Average Shares 275.00 275.00 -
EPS (Riyals) (0.03) (0.06) (138.4 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2007 23.29 6.4 % 10.89 30.3 % 0.03 (89.2 %)
Q2 2007 35.60 14.9 % 14.94 8.4 % (13.94) (2077.3 %)
Q3 2007 19.78 1.4 % 8.74 (10.6 %) (2.18) (576.4 %)
Q4 2007 40.90 7.3 % 16.21 (2.3 %) 4.96 13.1 %
Q1 2008 39.03 67.6 % 16.13 48.1 % 4.43 15717.9 %
Q2 2008 63.88 79.5 % 26.77 79.2 % 9.39 167.4 %
Q3 2008 51.24 159.0 % 23.13 164.7 % 8.24 478.6 %
Q4 2008 40.11 (1.9 %) 17.29 6.7 % 2.08 (58.2 %)
Q1 2009 36.84 (5.6 %) 17.02 5.6 % 4.21 (4.9 %)
Q2 2009 40.21 (37.1 %) 17.92 (33.1 %) 5.59 (40.5 %)
Q3 2009 40.72 (20.5 %) 17.90 (22.6 %) 2.89 (65.0 %)
Q4 2009 34.30 (14.5 %) 15.86 (8.3 %) (0.30) (114.4 %)
Q1 2010 36.05 (2.1 %) 17.29 1.6 % 3.76 (10.9 %)
Q2 2010 36.13 (10.1 %) 17.30 (3.4 %) 1.89 (66.1 %)
Q3 2010 46.52 14.2 % 21.05 17.6 % 4.88 69.2 %
Q4 2010 47.47 38.4 % 22.22 40.1 % 6.62 2312.7 %
Q1 2011 49.57 37.5 % 23.48 35.8 % 8.60 129.1 %
Q2 2011 61.55 70.4 % 29.59 71.1 % 9.21 386.1 %
Q3 2011 48.85 5.0 % 26.09 24.0 % 7.28 49.0 %
Q4 2011 46.85 (1.3 %) 23.60 6.2 % (0.80) (112.1 %)
Q1 2012 68.09 37.4 % 34.99 49.0 % 15.07 75.3 %
Q2 2012 61.68 0.2 % 32.63 10.2 % 10.34 12.3 %
Q3 2012 57.95 18.6 % 29.49 13.0 % 7.61 4.7 %
Q4 2012 66.28 41.5 % 26.65 12.9 % 6.87 957.9 %
Q1 2013 66.80 (1.9 %) 32.75 (6.4 %) 10.15 (32.7 %)
Q2 2013 64.40 4.4 % 35.32 8.2 % 11.64 12.5 %
Q3 2013 63.50 9.6 % 33.59 13.9 % 7.84 3.0 %
Q4 2013 54.70 (17.5 %) 21.82 (18.1 %) 0.12 (98.3 %)
Q1 2014 74.78 11.9 % 36.69 12.1 % 10.38 2.2 %
Q2 2014 74.71 16.0 % 36.54 3.5 % 8.63 (25.9 %)
Q3 2014 77.36 21.8 % 37.59 11.9 % 6.16 (21.4 %)
Q4 2014 71.61 30.9 % 32.08 47.0 % 3.28 2629.2 %
Q1 2015 68.94 (7.8 %) 33.65 (8.3 %) 7.00 (32.5 %)
Q2 2015 72.01 (3.6 %) 35.82 (2.0 %) 8.17 (5.4 %)
Q3 2015 56.72 (26.7 %) 27.80 (26.0 %) (4.47) (172.6 %)
Q4 2015 65.89 (8.0 %) 30.15 (6.0 %) (0.01) (100.3 %)
Q1 2016 48.34 (29.9 %) 24.29 (27.8 %) (2.08) (129.7 %)
Q2 2016 61.36 (14.8 %) 28.73 (19.8 %) 1.07 (86.9 %)
Q3 2016 37.24 (34.3 %) 18.57 (33.2 %) (5.12) (14.4 %)
Q4 2016 48.42 (26.5 %) 18.63 (38.2 %) (16.69) (166,810.0 %)
2016 195.36 (25.9 %) 90.22 (29.2 %) (22.81) (313.5 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2007 0.31 (93.8 %) 0.00 - 0.31 0.00
Q2 2007 (3.36) (226.7 %) (0.01) - (3.36) (0.01)
Q3 2007 (1.97) (1000.5 %) (0.01) - (1.97) (0.01)
Q4 2007 5.85 88.0 % 0.02 - 5.85 0.02
Q1 2008 8.66 2667.1 % 0.03 - 8.66 0.03
Q2 2008 13.99 516.5 % 0.05 - 13.99 0.05
Q3 2008 2.70 236.9 % 0.01 - 2.70 0.01
Q4 2008 (6.18) (205.6 %) (0.02) - (6.18) (0.02)
Q1 2009 6.36 (26.6 %) 0.02 - 6.36 0.02
Q2 2009 4.81 (65.6 %) 0.02 - 4.81 0.02
Q3 2009 1.59 (41.2 %) 0.01 - 1.59 0.01
Q4 2009 (2.44) 60.4 % (0.01) - (2.44) (0.01)
Q1 2010 12.70 99.8 % 0.05 1.46 11.24 0.04
Q2 2010 2.08 (56.9 %) 0.01 (1.46) 3.54 0.01
Q3 2010 2.48 56.1 % 0.01 - 2.48 0.01
Q4 2010 4.50 284.0 % 0.02 - 4.50 0.02
Q1 2011 13.20 3.9 % 0.05 - 13.20 0.05
Q2 2011 9.80 372.0 % 0.04 - 9.80 0.04
Q3 2011 5.34 115.3 % 0.02 - 5.34 0.02
Q4 2011 (74.60) (1758.4 %) (0.27) (64.33) (10.27) (0.04)
Q1 2012 17.73 34.4 % 0.06 - 17.73 0.06
Q2 2012 11.68 19.2 % 0.04 - 11.68 0.04
Q3 2012 6.44 20.6 % 0.02 - 6.44 0.02
Q4 2012 (1.77) 97.6 % (0.01) (6.20) 4.43 0.02
Q1 2013 19.32 8.9 % 0.07 - 19.32 0.07
Q2 2013 11.86 1.5 % 0.04 - 11.86 0.04
Q3 2013 5.21 (19.1 %) 0.02 - 5.21 0.02
Q4 2013 (0.67) 62.4 % 0.00 5.64 (6.31) (0.02)
Q1 2014 24.13 24.9 % 0.09 0.17 23.96 0.09
Q2 2014 24.45 106.2 % 0.09 13.54 10.92 0.04
Q3 2014 12.83 146.4 % 0.05 2.53 10.30 0.04
Q4 2014 8.73 1411.3 % 0.03 - 8.73 0.03
Q1 2015 16.79 (30.4 %) 0.06 - 16.79 0.06
Q2 2015 21.54 (11.9 %) 0.08 - 21.54 0.08
Q3 2015 9.72 (24.3 %) 0.04 - 9.72 0.04
Q4 2015 (7.49) (185.7 %) (0.03) (11.59) 4.10 0.01
Q1 2016 (30.20) (279.8 %) (0.11) (32.32) 2.12 0.01
Q2 2016 26.31 22.1 % 0.10 (18.26) 44.56 0.16
Q3 2016 3.14 (67.7 %) 0.01 (2.28) 5.43 0.02
Q4 2016 (17.85) (138.4 %) (0.06) - (17.85) (0.06)
2016 (18.60) (145.9 %) (0.07) (24.10) 5.49 0.02

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 45.62 % 11.95 % 5.63 %
Q2 2007 44.80 % 12.73 % 0.24 %
Q3 2007 43.81 % 10.38 % (1.63 %)
Q4 2007 42.47 % (3.29 %) 0.69 %
Q1 2008 41.40 % 0.44 % 6.78 %
Q2 2008 41.47 % 5.19 % 16.22 %
Q3 2008 42.16 % 10.46 % 16.00 %
Q4 2008 42.89 % 17.53 % 9.87 %
Q1 2009 43.85 % 17.68 % 8.78 %
Q2 2009 44.75 % 17.73 % 4.57 %
Q3 2009 44.42 % 14.86 % 4.17 %
Q4 2009 45.17 % 14.21 % 6.78 %
Q1 2010 45.59 % 13.99 % 10.04 %
Q2 2010 46.43 % 11.96 % 9.46 %
Q3 2010 46.73 % 12.84 % 9.68 %
Q4 2010 46.86 % 15.75 % 13.09 %
Q1 2011 46.78 % 17.10 % 13.20 %
Q2 2011 46.97 % 18.34 % 14.61 %
Q3 2011 48.87 % 19.12 % 15.83 %
Q4 2011 49.69 % 15.62 % 8.73 %
Q1 2012 50.71 % 17.72 % 10.03 %
Q2 2012 52.03 % 18.71 % 10.86 %
Q3 2012 51.46 % 18.63 % 10.91 %
Q4 2012 48.72 % 20.58 % 15.86 %
Q1 2013 48.08 % 18.62 % 16.57 %
Q2 2013 48.63 % 18.83 % 16.46 %
Q3 2013 49.16 % 18.46 % 15.64 %
Q4 2013 49.51 % 16.17 % 12.06 %
Q1 2014 49.51 % 15.89 % 13.49 %
Q2 2014 48.06 % 14.32 % 12.62 %
Q3 2014 47.12 % 13.07 % 13.81 %
Q4 2014 47.88 % 14.12 % 18.06 %
Q1 2015 47.80 % 13.64 % 15.97 %
Q2 2015 47.99 % 13.73 % 19.78 %
Q3 2015 48.03 % 10.77 % 21.09 %
Q4 2015 48.34 % 9.88 % 19.79 %
Q1 2016 48.59 % 6.73 % 15.43 %
Q2 2016 47.77 % 4.01 % 26.04 %
Q3 2016 47.80 % 4.48 % 26.41 %
Q4 2016 46.18 % (1.77 %) 17.54 %
2016 46.18 % (1.77 %) 2.81 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2007 275.00 0.02 0.02 2.28
Q2 2007 275.00 0.00 0.00 2.26
Q3 2007 275.00 (0.01) (0.01) 2.26
Q4 2007 275.00 0.00 0.00 2.32
Q1 2008 275.00 0.03 0.03 2.37
Q2 2008 275.00 0.10 0.10 2.40
Q3 2008 275.00 0.11 0.11 2.17
Q4 2008 275.00 0.07 0.07 2.04
Q1 2009 275.00 0.06 0.06 2.12
Q2 2009 275.00 0.03 0.03 2.19
Q3 2009 275.00 0.02 0.02 2.25
Q4 2009 275.00 0.04 0.04 2.22
Q1 2010 275.00 0.06 0.06 2.35
Q2 2010 275.00 0.05 0.05 2.30
Q3 2010 275.00 0.05 0.05 2.37
Q4 2010 275.00 0.08 0.08 2.40
Q1 2011 275.00 0.08 0.09 2.40
Q2 2011 275.00 0.11 0.11 2.39
Q3 2011 275.00 0.12 0.12 2.37
Q4 2011 275.00 (0.17) 0.07 2.31
Q1 2012 275.00 (0.15) 0.08 2.30
Q2 2012 275.00 (0.14) 0.09 2.28
Q3 2012 275.00 (0.14) 0.09 2.39
Q4 2012 275.00 0.12 0.15 2.41
Q1 2013 275.00 0.13 0.15 2.30
Q2 2013 275.00 0.13 0.15 2.33
Q3 2013 275.00 0.13 0.15 2.47
Q4 2013 275.00 0.13 0.11 2.55
Q1 2014 275.00 0.15 0.13 2.56
Q2 2014 275.00 0.19 0.12 2.64
Q3 2014 275.00 0.22 0.14 2.70
Q4 2014 275.00 0.26 0.20 2.74
Q1 2015 275.00 0.23 0.17 2.69
Q2 2015 275.00 0.22 0.21 2.79
Q3 2015 275.00 0.21 0.21 2.78
Q4 2015 275.00 0.15 0.19 2.70
Q1 2016 275.00 (0.02) 0.14 2.38
Q2 2016 275.00 (0.01) 0.22 2.46
Q3 2016 275.00 (0.03) 0.20 2.54
Q4 2016 275.00 (0.07) 0.12 2.48

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2007 More than 100 More than 100 1.27
Q2 2007 More than 100 More than 100 1.40
Q3 2007 NEG NEG 2.43
Q4 2007 More than 100 More than 100 2.37
Q1 2008 83.93 83.93 1.18
Q2 2008 32.09 32.09 1.29
Q3 2008 19.37 19.37 1.01
Q4 2008 23.42 23.42 0.80
Q1 2009 28.00 28.00 0.81
Q2 2009 More than 100 More than 100 1.55
Q3 2009 More than 100 More than 100 1.27
Q4 2009 61.07 61.07 1.03
Q1 2010 35.79 39.23 0.92
Q2 2010 38.39 38.39 0.85
Q3 2010 33.77 33.77 0.77
Q4 2010 24.07 24.07 0.79
Q1 2011 21.15 19.85 0.71
Q2 2011 17.69 17.69 0.81
Q3 2011 15.49 15.49 0.78
Q4 2011 NEG 32.05 0.91
Q1 2012 NEG 42.48 1.52
Q2 2012 NEG 24.87 0.97
Q3 2012 NEG 29.56 1.15
Q4 2012 20.54 17.38 1.06
Q1 2013 20.35 17.33 1.15
Q2 2013 19.79 16.87 1.11
Q3 2013 20.97 17.78 1.07
Q4 2013 21.90 26.00 1.12
Q1 2014 21.84 25.49 1.26
Q2 2014 19.69 30.97 1.44
Q3 2014 19.40 30.32 1.59
Q4 2014 13.87 18.04 1.29
Q1 2015 18.14 24.38 1.54
Q2 2015 19.35 20.21 1.51
Q3 2015 15.01 15.01 1.11
Q4 2015 17.35 13.50 0.95
Q1 2016 NEG 17.84 1.02
Q2 2016 NEG 12.36 1.11
Q3 2016 NEG 8.95 0.72
Q4 2016 NEG 17.98 0.90

Business Segments (Million)

Compared With The
Period Business Activities Investment activity


Financial Ratios
Current
Market Cap (M Riyal) 1,119.25
Enterprise Value (EV) (M) 1,113.27
Shares Outstanding ((M)) 275.00
EPS ( Riyal) (TTM) 0.04
Book Value (BV) ( Riyal) 1.71
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.38
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 2.6
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Share Price

Fitaihi Holding Group
4.07
(0.02) (0.49 %)

Fitaihi Holding Group (FITAIHI GROUP)

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