SARCO incurs SAR 1 mln loss in Q1

09/05/2018 Argaam Exclusive

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Share Price

Saudi Arabia Refineries Co.
82.10
(0.50) (0.61 %)

Saudi Arabia Refineries Co. (SARCO)

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Saudi Arabia Refineries Co. (SARCO) posted net losses of SAR 1.23 million for the first quarter of 2018, versus net profit of SAR 3.04 million in year-earlier period, driven by losses from affiliate Arab Tanker Terminals Ltd, and higher G&A expenses, in addition to setting aside provisions for an asset impairment in Arabian Sulfonates Company.

SARCO swung to net loss in Q1 2018, when compared to the previous quarter.



Current Quarter Comparison (M)

Compared With The
Item Q1 2017 Q1 2018 Change‬
Operating Income (4.50) (1.04) 77.0 %
Net Income 3.04 (1.23) (140.4 %)
Average Shares 15.00 15.00 -
EPS (Riyals) 0.20 (0.08) (140.4 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2009 - - - - 0.08 (99.9 %) 0.01
Q2 2009 - - - - 0.30 (96.5 %) 0.02
Q3 2009 - - - - 0.63 266.8 % 0.04
Q4 2009 - - - - 2.11 152.6 % 0.14
Q1 2010 - - - - 0.75 904.0 % 0.05
Q2 2010 - - - - 8.68 2794.0 % 0.58
Q3 2010 - - - - 0.52 (18.0 %) 0.03
Q4 2010 - - - - 2.32 9.6 % 0.15
Q1 2011 - - - - 0.75 (0.3 %) 0.05
Q2 2011 - - - - 8.19 (5.6 %) 0.55
Q3 2011 - - - - 0.46 (12.2 %) 0.03
Q4 2011 - - - - 1.53 (34.0 %) 0.10
Q1 2012 - - - - 0.64 (15.0 %) 0.04
Q2 2012 - - - - 15.47 88.8 % 1.03
Q3 2012 - - - - 0.57 25.9 % 0.04
Q4 2012 - - - - 0.13 (91.5 %) 0.01
Q1 2013 - - - - 0.73 14.6 % 0.05
Q2 2013 - - - - 14.24 (8.0 %) 0.95
Q3 2013 - - - - 1.27 120.9 % 0.08
Q4 2013 - - - - (0.81) (723.8 %) (0.05)
Q1 2014 - - - - 2.95 303.0 % 0.20
Q2 2014 - - - - 14.35 0.8 % 0.96
Q3 2014 - - - - 7.21 469.2 % 0.48
Q4 2014 - - - - (3.58) (341.2 %) (0.24)
Q1 2015 - - - - (0.67) (122.9 %) (0.04)
Q2 2015 - - - - 16.91 17.8 % 1.13
Q3 2015 - - - - 0.10 (98.7 %) 0.01
Q4 2015 - - - - (3.61) (0.9 %) (0.24)
Q1 2016 - - - - (0.72) (7.1 %) (0.05)
Q2 2016 - - - - (0.20) (101.2 %) (0.01)
Q3 2016 - - - - (1.30) (1458.3 %) (0.09)
Q4 2016 - - - - (1.82) 49.6 % (0.12)
Q1 2017 - - - - 3.04 520.8 % 0.20
Q2 2017 - - - - (1.02) (416.2 %) (0.07)
Q3 2017 - - - - (0.34) 74.2 % (0.02)
Q4 2017 - - - - 5.64 410.2 % 0.38
Q1 2018 - - - - (1.23) (140.4 %) (0.08)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 15.00 0.61 0.61 16.29
Q2 2009 15.00 0.06 0.06 22.57
Q3 2009 15.00 0.12 0.12 26.80
Q4 2009 15.00 0.21 0.21 25.67
Q1 2010 15.00 0.25 0.25 25.82
Q2 2010 15.00 0.81 0.81 21.38
Q3 2010 15.00 0.80 0.80 22.43
Q4 2010 15.00 0.82 0.82 26.57
Q1 2011 15.00 0.82 0.82 27.48
Q2 2011 15.00 0.79 0.79 27.42
Q3 2011 15.00 0.78 0.78 23.79
Q4 2011 15.00 0.73 0.73 23.43
Q1 2012 15.00 0.72 0.72 29.33
Q2 2012 15.00 1.21 1.21 25.43
Q3 2012 15.00 1.21 1.21 28.05
Q4 2012 15.00 1.12 1.12 27.72
Q1 2013 15.00 1.13 1.13 28.03
Q2 2013 15.00 1.04 1.04 31.35
Q3 2013 15.00 1.09 1.09 31.96
Q4 2013 15.00 1.03 1.03 38.17
Q1 2014 15.00 1.18 1.11 40.50
Q2 2014 15.00 1.18 1.12 42.44
Q3 2014 15.00 1.58 1.58 46.80
Q4 2014 15.00 1.40 1.33 31.83
Q1 2015 15.00 1.15 1.15 29.56
Q2 2015 15.00 1.32 1.32 33.68
Q3 2015 15.00 0.85 0.78 24.46
Q4 2015 15.00 0.85 0.85 19.76
Q1 2016 15.00 0.84 0.84 18.11
Q2 2016 15.00 (0.30) (0.30) 18.85
Q3 2016 15.00 (0.39) (0.39) 18.03
Q4 2016 15.00 (0.27) (0.27) 24.10
Q1 2017 15.00 (0.02) (0.02) 26.06
Q2 2017 15.00 (0.07) (0.07) 25.09
Q3 2017 15.00 (0.01) (0.01) 26.07
Q4 2017 15.00 0.49 0.49 24.49
Q1 2018 15.00 0.20 0.20 27.84

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 More than 50 More than 50 2.59
Q2 2009 More than 50 More than 50 2.29
Q3 2009 More than 50 More than 50 1.91
Q4 2009 More than 50 More than 50 1.94
Q1 2010 More than 50 More than 50 1.86
Q2 2010 44.21 44.21 1.68
Q3 2010 43.51 43.51 1.56
Q4 2010 44.01 44.01 1.35
Q1 2011 39.73 39.73 1.18
Q2 2011 More than 50 More than 50 1.71
Q3 2011 More than 50 More than 50 2.03
Q4 2011 More than 50 More than 50 3.38
Q1 2012 More than 50 More than 50 2.55
Q2 2012 44.56 44.56 2.11
Q3 2012 More than 50 More than 50 2.43
Q4 2012 More than 50 More than 50 2.18
Q1 2013 More than 50 More than 50 2.21
Q2 2013 More than 50 More than 50 1.89
Q3 2013 More than 50 More than 50 1.87
Q4 2013 More than 50 More than 50 1.54
Q1 2014 More than 50 More than 50 1.68
Q2 2014 More than 50 More than 50 1.75
Q3 2014 More than 50 More than 50 1.81
Q4 2014 35.42 37.20 1.55
Q1 2015 49.59 49.59 1.94
Q2 2015 44.18 44.18 1.74
Q3 2015 48.14 More than 50 1.67
Q4 2015 48.69 48.69 2.09
Q1 2016 39.60 39.60 1.85
Q2 2016 NEG NEG 1.85
Q3 2016 NEG NEG 1.43
Q4 2016 NEG NEG 1.67
Q1 2017 NEG NEG 1.30
Q2 2017 NEG NEG 1.27
Q3 2017 NEG NEG 1.32
Q4 2017 More than 50 More than 50 1.27
Q1 2018 More than 50 More than 50 1.47


Financial Ratios
Current
Market Cap (M Riyal) 1,234.50
Enterprise Value (EV) (M) 1,190.85
Shares Outstanding ((M)) 15.00
EPS ( Riyal) (TTM) 0.50
Book Value (BV) ( Riyal) 29.85
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 2.76
Return on Average Assets (%) (TTM) 1.6
Return on Average Equity (%) (TTM) 1.6
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