Electrical Industries Q1 profit falls 65% to SAR 10 mln

20/04/2016 Argaam Exclusive

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Share Price

5.30
(0.14) (2.57 %)

Electrical Industries Co. (EIC)

 

Electrical Industries Co. (EIC) reported a net profit of SAR 10 million for first quarter 2016, a 65 percent drop year-on-year (YoY) due to an increase in competition and lower raw material prices, along with higher selling and distribution expenses and a delay in special projects.

 

Profit for Q1 was 39 percent lower compared to the previous quarter due to lower sales as transformers and power plant sectors saw a decline in sales.

 



Current Quarter Comparison (M)

Compared With The
Item Q1 2015 Q1 2016 Change‬
Revenues 200.41 220.84 10.2 %
Gross Income 39.30 35.73 (9.1 %)
Operating Income 22.74 15.08 (33.7 %)
Net Income 28.79 9.44 (67.2 %)
Average Shares 1,125.00 1,125.00 -
EPS (Halala) 2.56 0.84 (67.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Halala)
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
Q1 2008 - - - - - - -
Q2 2008 - - - - - - -
Q3 2008 - - - - - - -
Q4 2008 - - - - - - -
Q1 2009 - - - - - - -
Q2 2009 - - - - - - -
Q3 2009 - - - - - - -
Q4 2009 - - - - - - -
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 305.08 - 75.09 - 50.37 - 4.48
Q2 2013 338.91 - 53.30 - 27.13 - 2.41
Q3 2013 269.85 - 44.06 - 22.35 - 1.99
Q4 2013 371.41 - 93.81 - 66.11 - 5.88
Q1 2014 346.75 13.7 % 79.63 6.0 % 55.49 10.2 % 4.93
Q2 2014 305.29 (9.9 %) 72.48 36.0 % 44.67 64.7 % 3.97
Q3 2014 164.51 (39.0 %) 32.38 (26.5 %) 12.71 (43.1 %) 1.13
Q4 2014 230.30 (38.0 %) 67.16 (28.4 %) 58.99 (10.8 %) 5.24
Q1 2015 200.41 (42.2 %) 39.30 (50.6 %) 28.79 (48.1 %) 2.56
Q2 2015 196.60 (35.6 %) 38.45 (47.0 %) 19.96 (55.3 %) 1.77
Q3 2015 191.27 16.3 % 32.86 1.5 % 9.47 (25.5 %) 0.84
Q4 2015 240.95 4.6 % 33.81 (49.7 %) 12.14 (79.4 %) 1.08
Q1 2016 220.84 10.2 % 35.73 (9.1 %) 9.44 (67.2 %) 0.84

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 20.72 % 15.68 % 12.91 %
Q1 2014 20.41 % 15.37 % 12.84 %
Q2 2014 22.42 % 17.41 % 14.35 %
Q3 2014 23.43 % 17.69 % 15.59 %
Q4 2014 24.04 % 18.85 % 15.78 %
Q1 2015 23.47 % 18.36 % 14.73 %
Q2 2015 22.39 % 17.56 % 13.55 %
Q3 2015 21.72 % 16.86 % 11.61 %
Q4 2015 17.41 % 12.27 % 7.19 %
Q1 2016 16.58 % 11.26 % 5.51 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 1,125.00 - - 0.48
Q2 2013 1,125.00 - - 0.46
Q3 2013 1,125.00 - - 0.48
Q4 2013 1,125.00 14.75 14.75 0.48
Q1 2014 1,125.00 15.21 15.14 0.53
Q2 2014 1,125.00 16.77 16.50 0.49
Q3 2014 1,125.00 15.91 16.47 0.50
Q4 2014 1,125.00 15.28 14.69 0.56
Q1 2015 1,125.00 12.90 11.79 0.58
Q2 2015 1,125.00 10.71 9.54 0.54
Q3 2015 1,125.00 10.42 8.45 0.55
Q4 2015 1,125.00 6.25 5.30 0.54
Q1 2016 1,125.00 4.53 4.16 0.54

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 14.57 15.16 4.00
Q1 2015 17.70 19.36 3.92
Q2 2015 20.77 23.32 4.12
Q3 2015 15.94 19.65 3.03
Q4 2015 21.69 25.60 2.52
Q1 2016 21.72 23.67 1.83

Business Segments (Million)

Compared With The
Period Manufacturing sector services segment
Q1 2013 293.58 11.50
Q4 2013 353.76 17.65
Q1 2014 330.07 16.68
Q2 2014 290.20 15.09
Q3 2014 149.70 14.82
Q4 2014 208.78 21.52
Q1 2015 179.38 21.03
Q2 2015 182.40 14.20
Q3 2015 181.75 9.53
Q4 2015 221.18 19.77
Q1 2016 206.90 13.93

Current
Market Cap (M Riyal) 5,962.50
Enterprise Value (EV) (M) 6,154.46
Shares Outstanding ((M)) 1,125.00
EPS (Halala) (TTM) 21.43
Book Value (BV) ( Riyal) 0.65
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 23.73
P/E (TTM) 24.73
Price/book 8.12
Return on Average Assets (%) (TTM) 13.0
Return on Average Equity (%) (TTM) 34.4

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