Mubarrad’s net profit falls 72% in FY16

19/01/2017 Argaam Exclusive

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Share Price

Batic Investments and Logistics Co. (BATIC)

Saudi Transport and investment Co. (Mubarrad) reported a net profit of SAR 14.46 million for the fiscal year 2016, a 72 percent year-on-year drop due to a dip in gross profits of 13 million as the comparable period included 17.7 million in profits booked from real estate operations. The decline was also due to the increase in general and administrative expenses of SAR 24.4 million related to organizational restructuring charges.

Financials (M)

Item	2015	2016	Change‬
Revenues	374.12	442.10	18.2 %
Gross Income	86.97	77.28	(11.1 %)
Operating Income	62.96	27.55	(56.2 %)
Net Income	51.31	16.82	(67.2 %)
Average Shares	584.96	584.96	-
EPS (Riyals)	0.09	0.03	(67.2 %)

The company reported a net loss of SAR 17.3 million for the fourth quarter of 2016, from a profit of SAR 12.6 million in the same period last year on lower operating revenue and a rise in operating cost.

Net loss for the period compares with a third quarter net profit of SAR 6.3 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2015	Q4 2016	Change‬
Revenues	118.31	110.03	(7.0 %)
Gross Income	21.28	17.82	(16.3 %)
Operating Income	14.31	(2.35)	(116.4 %)
Net Income	12.61	(16.56)	(231.3 %)
Average Shares	584.96	584.96	-
EPS (Riyals)	0.02	(0.03)	(231.3 %)

Item	Q3 2016	Q4 2016	Change‬
Revenues	109.76	110.03	0.2 %
Gross Income	18.52	17.82	(3.8 %)
Operating Income	8.85	(2.35)	(126.5 %)
Net Income	7.33	(16.56)	(326.0 %)
Average Shares	584.96	584.96	-
EPS (Riyals)	0.01	(0.03)	(326.0 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2007	11.01	(0.2 %)	1.58	85.6 %	0.90	(79.0 %)	0.00
Q2 2007	12.29	6.4 %	1.92	0.9 %	2.07	95.8 %	0.00
Q3 2007	11.46	(3.4 %)	2.09	43.0 %	4.04	128.6 %	0.01
Q4 2007	11.76	5.5 %	1.85	(3.1 %)	6.45	415.1 %	0.01
2007	46.52	2.0 %	7.43	21.5 %	13.46	279.2 %	0.02
Q1 2008	11.44	3.9 %	1.65	4.2 %	1.29	43.4 %	0.00
Q2 2008	12.55	2.1 %	2.33	21.3 %	6.47	212.8 %	0.01
Q3 2008	12.64	10.3 %	2.60	24.4 %	2.28	(43.5 %)	0.00
Q4 2008	12.11	3.0 %	1.41	(23.6 %)	1.12	(82.7 %)	0.00
2008	48.74	4.8 %	7.98	7.4 %	11.16	(17.1 %)	0.02
Q1 2009	11.60	1.4 %	1.32	(19.8 %)	0.35	(73.0 %)	0.00
Q2 2009	12.63	0.6 %	1.65	(29.3 %)	1.46	(77.4 %)	0.00
Q3 2009	14.33	13.4 %	3.01	15.7 %	3.23	41.7 %	0.01
Q4 2009	13.38	10.5 %	1.61	14.1 %	0.16	(86.0 %)	0.00
2009	51.94	6.6 %	7.58	(5.0 %)	5.20	(53.4 %)	0.01
Q1 2010	10.05	(13.3 %)	1.36	2.8 %	(8.93)	(2666.4 %)	(0.02)
Q2 2010	12.11	(4.1 %)	1.23	(25.1 %)	0.96	(34.3 %)	0.00
Q3 2010	12.15	(15.2 %)	2.35	(21.7 %)	2.01	(37.6 %)	0.00
Q4 2010	10.89	(18.6 %)	0.28	(82.4 %)	(1.08)	(789.2 %)	0.00
2010	45.19	(13.0 %)	5.23	(31.1 %)	(7.04)	(235.5 %)	(0.01)
Q1 2011	10.45	4.0 %	0.78	(42.4 %)	(118.81)	(1,230.3 %)	(0.20)
Q2 2011	10.16	(16.1 %)	0.56	(54.3 %)	3.14	226.6 %	0.01
Q3 2011	10.72	(11.7 %)	0.50	(78.8 %)	(0.23)	(111.6 %)	0.00
Q4 2011	10.90	0.1 %	0.39	38.2 %	(3.78)	(249.0 %)	(0.01)
2011	42.24	(6.5 %)	2.24	(57.2 %)	(119.68)	(1,600.4 %)	(0.20)
Q1 2012	10.17	(2.7 %)	0.95	21.6 %	(0.24)	99.8 %	0.00
Q2 2012	11.93	17.3 %	1.98	251.0 %	1.50	(52.2 %)	0.00
Q3 2012	11.45	6.8 %	1.40	180.0 %	1.18	605.6 %	0.00
Q4 2012	11.27	3.4 %	1.42	263.7 %	(0.18)	95.3 %	0.00
2012	44.82	6.1 %	5.75	157.1 %	2.27	101.9 %	0.00
Q1 2013	9.91	(2.6 %)	1.04	9.7 %	0.34	245.3 %	0.00
Q2 2013	10.62	(11.0 %)	0.73	(63.2 %)	4.68	212.1 %	0.01
Q3 2013	12.46	8.8 %	1.98	41.4 %	1.22	3.2 %	0.00
Q4 2013	13.11	16.4 %	(0.23)	(116.5 %)	81.36	46325.0 %	0.14
2013	46.10	2.9 %	3.52	(38.8 %)	87.60	3764.1 %	0.15
Q1 2014	13.59	37.1 %	1.60	53.3 %	1.37	300.6 %	0.00
Q2 2014	31.24	194.2 %	15.58	2039.4 %	12.97	176.9 %	0.02
Q3 2014	52.48	321.3 %	29.40	1384.7 %	32.78	2595.5 %	0.06
Q4 2014	13.76	4.9 %	0.33	239.3 %	(3.11)	(103.8 %)	(0.01)
2014	111.06	140.9 %	46.90	1233.5 %	44.01	(49.8 %)	0.08
Q1 2015	14.05	3.4 %	0.64	(60.2 %)	0.40	(70.7 %)	0.00
Q2 2015	116.03	271.4 %	38.83	149.3 %	20.29	56.4 %	0.03
Q3 2015	125.73	139.6 %	26.23	(10.8 %)	18.01	(45.0 %)	0.03
Q4 2015	118.31	760.0 %	21.28	6426.1 %	12.61	505.6 %	0.02
2015	374.12	236.8 %	86.97	85.4 %	51.31	16.6 %	0.09
Q1 2016	112.82	703.2 %	22.43	3426.4 %	15.33	3704.0 %	0.03
Q2 2016	109.49	(5.6 %)	18.52	(52.3 %)	10.73	(47.1 %)	0.02
Q3 2016	109.76	(12.7 %)	18.52	(29.4 %)	7.33	(59.3 %)	0.01
Q4 2016	110.03	(7.0 %)	17.82	(16.3 %)	(16.56)	(231.3 %)	(0.03)
2016	442.10	18.2 %	77.28	(11.1 %)	16.82	(67.2 %)	0.03

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	46.52	2.0 %	7.43	21.5 %	13.46	279.2 %	0.02
2008	48.74	4.8 %	7.98	7.4 %	11.16	(17.1 %)	0.02
2009	51.94	6.6 %	7.58	(5.0 %)	5.20	(53.4 %)	0.01
2010	45.19	(13.0 %)	5.23	(31.1 %)	(7.04)	(235.5 %)	(0.01)
2011	42.24	(6.5 %)	2.24	(57.2 %)	(119.68)	(1,600.4 %)	(0.20)
2012	44.82	6.1 %	5.75	157.1 %	2.27	101.9 %	0.00
2013	46.10	2.9 %	3.52	(38.8 %)	87.60	3764.1 %	0.15
2014	111.06	140.9 %	46.90	1233.5 %	44.01	(49.8 %)	0.08
2015	374.12	236.8 %	86.97	85.4 %	51.31	16.6 %	0.09
2016	442.10	18.2 %	77.28	(11.1 %)	16.82	(67.2 %)	0.03

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	15.03 %	30.90 %	(23.91 %)
Q2 2007	14.83 %	30.47 %	(21.34 %)
Q3 2007	16.32 %	31.77 %	17.99 %
Q4 2007	15.98 %	31.35 %	28.93 %
2007	15.98 %	31.35 %	28.93 %
Q1 2008	15.98 %	31.08 %	29.50 %
Q2 2008	16.75 %	31.59 %	38.66 %
Q3 2008	17.40 %	31.62 %	34.09 %
Q4 2008	16.38 %	30.04 %	22.89 %
2008	16.38 %	30.04 %	22.89 %
Q1 2009	15.66 %	29.78 %	20.90 %
Q2 2009	14.24 %	28.98 %	10.63 %
Q3 2009	14.57 %	29.57 %	12.15 %
Q4 2009	14.60 %	29.70 %	10.00 %
2009	14.60 %	29.70 %	10.00 %
Q1 2010	15.12 %	30.57 %	(8.10 %)
Q2 2010	14.45 %	30.89 %	(9.20 %)
Q3 2010	13.75 %	31.23 %	(12.16 %)
Q4 2010	11.57 %	30.35 %	(15.57 %)
2010	11.57 %	30.35 %	(15.57 %)
Q1 2011	10.20 %	28.99 %	1.50 %
Q2 2011	9.12 %	24.90 %	0.70 %
Q3 2011	5.04 %	19.27 %	(4.64 %)
Q4 2011	5.29 %	11.00 %	(10.82 %)
2011	5.29 %	11.00 %	(10.82 %)
Q1 2012	5.73 %	9.78 %	(8.57 %)
Q2 2012	8.73 %	13.85 %	(6.12 %)
Q3 2012	10.61 %	16.21 %	(2.81 %)
Q4 2012	12.83 %	23.76 %	5.06 %
2012	12.83 %	23.76 %	5.06 %
Q1 2013	13.11 %	21.51 %	6.39 %
Q2 2013	10.62 %	16.57 %	13.94 %
Q3 2013	11.69 %	14.83 %	13.71 %
Q4 2013	7.63 %	4.43 %	(14.54 %)
2013	7.63 %	4.43 %	(14.54 %)
Q1 2014	8.18 %	6.48 %	(11.39 %)
Q2 2014	26.88 %	26.52 %	3.72 %
Q3 2014	41.97 %	41.35 %	30.95 %
Q4 2014	42.23 %	43.58 %	25.41 %
2014	42.23 %	43.58 %	25.41 %
Q1 2015	41.19 %	42.65 %	24.44 %
Q2 2015	35.24 %	35.90 %	25.76 %
Q3 2015	24.49 %	25.51 %	13.29 %
Q4 2015	23.25 %	24.39 %	16.72 %
2015	23.25 %	24.39 %	16.72 %
Q1 2016	23.00 %	23.01 %	15.35 %
Q2 2016	18.97 %	18.22 %	9.31 %
Q3 2016	17.93 %	16.18 %	7.27 %
Q4 2016	17.48 %	12.29 %	4.79 %
2016	17.48 %	12.29 %	4.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	15.98 %	31.35 %	28.93 %
2008	16.38 %	30.04 %	22.89 %
2009	14.60 %	29.70 %	10.00 %
2010	11.57 %	30.35 %	(15.57 %)
2011	5.29 %	11.00 %	(10.82 %)
2012	12.83 %	23.76 %	5.06 %
2013	7.63 %	4.43 %	(14.54 %)
2014	42.23 %	43.58 %	25.41 %
2015	23.25 %	24.39 %	16.72 %
2016	17.48 %	12.29 %	4.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	14.33 %	30.81 %	8.16 %
Q2 2007	15.62 %	30.03 %	16.84 %
Q3 2007	18.23 %	33.37 %	35.22 %
Q4 2007	15.71 %	31.27 %	54.89 %
Q1 2008	14.38 %	29.72 %	11.26 %
Q2 2008	18.55 %	31.99 %	51.58 %
Q3 2008	20.55 %	33.31 %	18.02 %
Q4 2008	11.66 %	24.90 %	9.24 %
Q1 2009	11.38 %	28.65 %	3.00 %
Q2 2009	13.03 %	28.86 %	11.58 %
Q3 2009	20.97 %	34.89 %	22.51 %
Q4 2009	12.04 %	25.86 %	1.17 %
Q1 2010	13.51 %	32.81 %	(88.88 %)
Q2 2010	10.18 %	30.13 %	7.94 %
Q3 2010	19.38 %	36.93 %	16.58 %
Q4 2010	2.60 %	20.99 %	(9.94 %)
Q1 2011	7.48 %	26.77 %	(11.57 %)
Q2 2011	5.54 %	12.81 %	5.74 %
Q3 2011	4.66 %	16.34 %	(2.33 %)
Q4 2011	3.59 %	(11.06 %)	(33.88 %)
Q1 2012	9.35 %	22.15 %	(2.32 %)
Q2 2012	16.57 %	27.29 %	12.59 %
Q3 2012	12.22 %	25.36 %	10.28 %
Q4 2012	12.62 %	19.85 %	(1.56 %)
Q1 2013	10.52 %	12.00 %	3.46 %
Q2 2013	6.86 %	7.86 %	44.12 %
Q3 2013	15.89 %	18.49 %	9.76 %
Q4 2013	(1.78 %)	(17.45 %)	(98.73 %)
Q1 2014	11.77 %	17.48 %	10.11 %
Q2 2014	49.86 %	52.10 %	41.53 %
Q3 2014	56.01 %	55.81 %	62.45 %
Q4 2014	2.37 %	3.31 %	(137.36 %)
Q1 2015	4.53 %	10.96 %	2.87 %
Q2 2015	33.46 %	33.78 %	31.28 %
Q3 2015	20.86 %	21.92 %	14.33 %
Q4 2015	17.98 %	19.41 %	6.62 %
Q1 2016	19.88 %	16.93 %	9.24 %
Q2 2016	16.92 %	14.02 %	6.51 %
Q3 2016	16.87 %	14.09 %	6.68 %
Q4 2016	16.19 %	4.03 %	(3.36 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2007	584.96	(0.02)	(0.02)	0.27
Q2 2007	584.96	(0.02)	(0.02)	0.26
Q3 2007	584.96	0.01	0.01	0.28
Q4 2007	584.96	0.02	0.02	0.32
Q1 2008	584.96	0.02	0.02	0.30
Q2 2008	584.96	0.03	0.03	0.32
Q3 2008	584.96	0.03	0.03	0.31
Q4 2008	584.96	0.02	0.02	0.28
Q1 2009	584.96	0.02	0.02	0.28
Q2 2009	584.96	0.01	0.01	0.29
Q3 2009	584.96	0.01	0.01	0.29
Q4 2009	584.96	0.01	0.01	0.29
Q1 2010	584.96	(0.01)	(0.01)	0.28
Q2 2010	584.96	(0.01)	(0.01)	0.27
Q3 2010	584.96	(0.01)	(0.01)	0.28
Q4 2010	584.96	(0.01)	(0.01)	0.28
Q1 2011	584.96	(0.20)	0.00	0.25
Q2 2011	584.96	(0.20)	0.00	0.25
Q3 2011	584.96	(0.20)	0.00	0.25
Q4 2011	584.96	(0.20)	(0.01)	0.25
Q1 2012	584.96	0.00	(0.01)	0.28
Q2 2012	584.96	0.00	0.00	0.26
Q3 2012	584.96	0.00	0.00	0.27
Q4 2012	584.96	0.00	0.00	0.27
Q1 2013	584.96	0.00	0.00	0.28
Q2 2013	584.96	0.01	0.01	0.28
Q3 2013	584.96	0.01	0.01	0.29
Q4 2013	584.96	0.15	(0.01)	0.41
Q1 2014	584.96	0.15	(0.01)	0.42
Q2 2014	584.96	0.17	0.00	0.41
Q3 2014	584.96	0.22	0.06	0.46
Q4 2014	584.96	0.08	0.05	0.42
Q1 2015	584.96	0.07	0.05	0.42
Q2 2015	584.96	0.09	0.09	0.45
Q3 2015	584.96	0.06	0.06	0.46
Q4 2015	584.96	0.09	0.11	0.48
Q1 2016	584.96	0.11	0.12	0.50
Q2 2016	584.96	0.10	0.07	0.52
Q3 2016	584.96	0.08	0.06	0.52
Q4 2016	584.96	0.03	0.04	0.52

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	584.96	0.02	0.02	0.32
2008	584.96	0.02	0.02	0.28
2009	584.96	0.01	0.01	0.29
2010	584.96	(0.01)	(0.01)	0.28
2011	584.96	(0.20)	(0.01)	0.25
2012	584.96	0.00	0.00	0.27
2013	584.96	0.15	(0.01)	0.41
2014	584.96	0.08	0.05	0.42
2015	584.96	0.09	0.11	0.48
2016	584.96	0.03	0.04	0.52

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	NEG	NEG	5.69
Q2 2007	NEG	NEG	5.47
Q3 2007	More than 50	More than 50	5.68
Q4 2007	More than 50	More than 50	5.02
Q1 2008	47.82	47.82	3.72
Q2 2008	32.87	32.87	3.22
Q3 2008	24.36	24.36	2.20
Q4 2008	25.25	25.25	1.70
Q1 2009	29.13	29.13	1.81
Q2 2009	More than 50	More than 50	3.07
Q3 2009	More than 50	More than 50	2.87
Q4 2009	More than 50	More than 50	2.93
Q1 2010	NEG	NEG	2.84
Q2 2010	NEG	NEG	2.05
Q3 2010	NEG	NEG	1.92
Q4 2010	NEG	NEG	2.00
Q1 2011	NEG	More than 50	2.12
Q2 2011	NEG	More than 50	2.25
Q3 2011	NEG	NEG	2.80
Q4 2011	NEG	NEG	6.22
Q1 2012	NEG	NEG	7.28
Q2 2012	NEG	NEG	7.48
Q3 2012	NEG	NEG	9.77
Q4 2012	More than 50	More than 50	12.15
Q1 2013	More than 50	More than 50	10.45
Q2 2013	More than 50	More than 50	8.98
Q3 2013	More than 50	More than 50	5.47
Q4 2013	9.02	NEG	3.32
Q1 2014	11.34	NEG	4.10
Q2 2014	10.07	More than 50	4.10
Q3 2014	8.89	33.42	4.21
Q4 2014	17.29	26.96	3.09
Q1 2015	21.83	34.47	3.80
Q2 2015	32.11	31.97	6.19
Q3 2015	34.52	34.30	4.55
Q4 2015	31.17	25.57	5.72
Q1 2016	17.15	15.65	3.90
Q2 2016	20.65	26.96	3.86
Q3 2016	20.91	29.39	3.15
Q4 2016	More than 50	More than 50	5.88

Period	P/E	Adjusted P/E	Price/book
2007	More than 50	More than 50	5.02
2008	25.25	25.25	1.70
2009	More than 50	More than 50	2.93
2010	NEG	NEG	2.00
2011	NEG	NEG	6.22
2012	More than 50	More than 50	12.15
2013	9.02	NEG	3.32
2014	17.29	26.96	3.09
2015	31.17	25.57	5.72
2016	More than 50	More than 50	5.88

Business Segments (Million)

Compared With The

Period	Security guard sector	Transport sector	ATM feeding sector	Insured money transfer sector	Real Estate department	Counting and postal sector
Q1 2016	34.70	15.27	40.71	18.94	-	3.20
Q2 2016	30.97	19.52	39.87	16.99	-	2.15
Q3 2016	30.88	15.61	42.31	18.77	-	2.20
Q4 2016	29.85	12.83	46.67	18.47	-	2.21

Period	Security guard sector	Transport sector	ATM feeding sector	Insured money transfer sector	Real Estate department	Counting and postal sector
2015	110.22	63.43	105.44	57.24	28.28	9.52
2016	126.39	63.24	169.56	73.16	-	9.75

Financial Ratios

	Current
Market Cap (M Riyal)	2,088.00
Enterprise Value (EV) (M)	2,170.70
Shares Outstanding ((M))	600.00
EPS ( Riyal) (TTM)	(0.02)
Book Value (BV) ( Riyal)	0.76
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	4.56
Return on Average Assets (%) (TTM)	(0.86 )
Return on Average Equity (%) (TTM)	(2.69 )

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Mubarrad’s net profit falls 72% in FY16

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Share Price

Batic Investments and Logistics Co. (BATIC)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2016 Q4

Financial Ratios

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Mubarrad’s net profit falls 72% in FY16

View other reports

Share Price

Batic Investments and Logistics Co. (BATIC)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2016

Revenue by Business Segment (Latest) 2016 Q4

Financial Ratios

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Business Segments (Million)