Abo Moati reports 16% profit decline in 6M ending Sept. 30

05/11/2019 Argaam Exclusive

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Abdulla Saad Abo Moati For Bookstore Co. reported a net profit of SAR 6.25 million for a six-month period ending Sept. 30, 2019, a fall of 15.7 percent year-on-year (YoY), driven by a slump in revenue from mortgage lease portfolio.



Financials (M)

Item 6m 2018 6m 2019 Change‬
Revenues 140.50 136.95 (2.5 %)
Gross Income 27.26 26.96 (1.1 %)
Operating Income 10.25 9.11 (11.1 %)
Net Income 7.41 5.35 (27.8 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.37 0.27 (27.8 %)

Abo Moati’s net profit after zakat and tax for Q2 2019 dropped 10.4 percent YoY to SAR 5.26 million, due to lower revenue.

 

On a sequential basis, Q2 2019 net profit increased by more than five-fold.



Current Quarter Comparison (M)

Compared With The
Item Q2 2018 Q2 2019 Change‬
Revenues 92.81 92.63 (0.2 %)
Gross Income 18.60 17.83 (4.2 %)
Operating Income 8.30 7.11 (14.4 %)
Net Income 5.87 4.36 (25.7 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.29 0.22 (25.7 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 - - - - - - -
Q1 2015 110.07 - 12.04 - 4.42 - 0.22
Q2 2015 118.38 - 15.11 - 8.06 - 0.40
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 73.59 (33.1 %) 7.41 (38.4 %) 1.20 (72.8 %) 0.06
Q2 2016 93.62 (20.9 %) 10.55 (30.2 %) 3.82 (52.6 %) 0.19
Q3 2016 101.08 - 15.77 - 7.45 - 0.37
Q4 2016 114.04 - 16.05 - 7.11 - 0.36
Q1 2017 52.51 (28.7 %) 9.15 23.4 % 1.43 18.8 % 0.07
Q2 2017 74.75 (20.2 %) 15.12 43.3 % 4.99 30.6 % 0.25
Q3 2017 96.67 (4.4 %) 14.86 (5.8 %) 7.04 (5.4 %) 0.35
Q4 2017 78.94 (30.8 %) 15.50 (3.4 %) 4.67 (34.3 %) 0.23
Q1 2018 47.70 (9.1 %) 8.66 (5.3 %) 1.54 8.2 % 0.08
Q2 2018 92.81 24.2 % 18.60 23.0 % 5.87 17.5 % 0.29
Q3 2018 99.17 2.6 % 17.62 18.5 % 6.19 (12.1 %) 0.31
Q4 2018 77.18 (2.2 %) 16.76 8.1 % 4.62 (1.2 %) 0.23
Q1 2019 44.32 (7.1 %) 9.14 5.5 % 0.99 (35.9 %) 0.05
Q2 2019 92.63 (0.2 %) 17.83 (4.2 %) 4.36 (25.7 %) 0.22

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 13.02 % 6.71 % 5.12 %
Q1 2017 14.26 % 7.35 % 5.48 %
Q2 2017 16.38 % 8.31 % 6.13 %
Q3 2017 16.32 % 8.27 % 6.09 %
Q4 2017 18.04 % 8.13 % 5.99 %
Q1 2018 18.16 % 8.12 % 6.12 %
Q2 2018 18.23 % 8.11 % 6.05 %
Q3 2018 18.95 % 7.95 % 5.73 %
Q4 2018 19.45 % 8.51 % 5.75 %
Q1 2019 19.81 % 8.81 % 5.63 %
Q2 2019 19.58 % 8.63 % 5.16 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
Q1 2015 20.00 - - -
Q2 2015 20.00 - - 10.13
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 20.00 - - 10.00
Q2 2016 20.00 - - 10.24
Q3 2016 20.00 - - 10.17
Q4 2016 20.00 0.98 0.98 10.52
Q1 2017 20.00 0.99 0.99 10.61
Q2 2017 20.00 1.05 1.05 10.87
Q3 2017 20.00 1.03 1.03 10.82
Q4 2017 20.00 0.91 0.91 11.01
Q1 2018 20.00 0.91 0.91 11.09
Q2 2018 20.00 0.96 0.96 10.94
Q3 2018 20.00 0.91 0.91 11.28
Q4 2018 20.00 0.91 0.91 11.53
Q1 2019 20.00 0.88 0.88 11.60
Q2 2019 20.00 0.81 0.81 11.40

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 13.74 13.74 1.28
Q2 2017 9.99 9.99 0.96
Q3 2017 9.18 9.18 0.87
Q4 2017 11.21 11.21 0.92
Q1 2018 10.05 10.05 0.83
Q2 2018 9.52 9.52 0.83
Q3 2018 8.34 8.34 0.68
Q4 2018 10.77 10.77 0.85
Q1 2019 12.68 12.68 0.97
Q2 2019 17.33 17.33 1.23

Business Segments (Million)

Compared With The
Period Retail and wholesale Inks segment

Current
Market Cap (M Riyal) 577.00
Enterprise Value (EV) (M) 599.45
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 0.80
Book Value (BV) ( Riyal) 11.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.27
P/E (TTM) 35.92
Price/book 2.44
Return on Average Assets (%) (TTM) 5.2
Return on Average Equity (%) (TTM) 6.6

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