Zain Saudi narrows Q1 losses by 3%

21/04/2016 Argaam Exclusive

View other reports

 

Mobile Telecommunication Company Saudi Arabia (Zain Saudi) reported a net loss of SAR 250 million for the first quarter of 2016, a 2.7 percent year-on-year (YoY) improvement attributed to a rise in revenue and gross profit due to higher demand for the company’s services. 

 

The telco’s Q1 performance improved 14 percent compared to the previous quarter, when it posted a net loss of SAR 291 million, as operational losses declined and gross profit rose. 



Current Quarter Comparison (M)

Compared With The
Item Q1 2015 Q1 2016 Change‬
Revenues 1,656.79 1,764.88 6.5 %
Gross Income 874.43 1,085.55 24.1 %
Operating Income (59.05) (32.03) 45.8 %
Net Income (256.72) (250.00) 2.6 %
Average Shares 573.22 573.22 -
EPS (Riyals) (0.45) (0.44) 2.6 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
Q1 2008 - - - - (543.59) - (2.47)
Q2 2008 - - - - (153.65) - (0.70)
Q3 2008 80.80 - (14.72) - (649.04) - (2.95)
Q4 2008 424.40 - 31.18 - (931.90) - (4.23)
Q1 2009 581.67 - 145.98 - (765.37) (40.8 %) (3.47)
Q2 2009 701.52 - 132.59 - (856.66) (457.5 %) (3.89)
Q3 2009 825.49 921.7 % 242.93 1750.0 % (819.73) (26.3 %) (3.72)
Q4 2009 895.38 111.0 % 355.53 1040.2 % (657.59) 29.4 % (2.99)
Q1 2010 1,094.23 88.1 % 384.34 163.3 % (662.45) 13.4 % (3.01)
Q2 2010 1,450.41 106.8 % 608.03 358.6 % (631.59) 26.3 % (2.87)
Q3 2010 1,661.95 101.3 % 712.13 193.1 % (543.79) 33.7 % (2.47)
Q4 2010 1,727.78 93.0 % 825.94 132.3 % (520.61) 20.8 % (2.36)
Q1 2011 1,484.22 35.6 % 716.02 86.3 % (531.75) 19.7 % (2.41)
Q2 2011 1,704.65 17.5 % 923.22 51.8 % (448.18) 29.0 % (2.03)
Q3 2011 1,794.81 8.0 % 870.12 22.2 % (483.81) 11.0 % (2.20)
Q4 2011 1,715.39 (0.7 %) 690.82 (16.4 %) (461.46) 11.4 % (2.09)
Q1 2012 1,521.59 2.5 % 702.20 (1.9 %) (419.99) 21.0 % (1.91)
Q2 2012 1,629.02 (4.4 %) 707.12 (23.4 %) (393.64) 12.2 % (1.79)
Q3 2012 1,529.90 (14.8 %) 711.62 (18.2 %) (493.00) (1.9 %) (0.86)
Q4 2012 1,490.16 (13.1 %) 738.98 7.0 % (442.78) 4.0 % (0.77)
Q1 2013 1,719.40 13.0 % 776.23 10.5 % (397.95) 5.2 % (0.69)
Q2 2013 1,706.35 4.7 % 830.76 17.5 % (370.41) 5.9 % (0.65)
Q3 2013 1,573.32 2.8 % 760.98 6.9 % (420.81) 14.6 % (0.73)
Q4 2013 1,523.52 2.2 % 766.88 3.8 % (462.30) (4.4 %) (0.81)
Q1 2014 1,545.77 (10.1 %) 798.66 2.9 % (318.36) 20.0 % (0.56)
Q2 2014 1,567.13 (8.2 %) 797.05 (4.1 %) (328.94) 11.2 % (0.57)
Q3 2014 1,553.00 (1.3 %) 810.67 6.5 % (315.81) 25.0 % (0.55)
Q4 2014 1,556.46 2.2 % 816.27 6.4 % (306.46) 33.7 % (0.53)
Q1 2015 1,656.79 7.2 % 874.43 9.5 % (256.72) 19.4 % (0.45)
Q2 2015 1,648.83 5.2 % 949.40 19.1 % (201.16) 38.8 % (0.35)
Q3 2015 1,763.73 13.6 % 1,062.18 31.0 % (222.95) 29.4 % (0.39)
Q4 2015 1,672.03 7.4 % 1,065.09 30.5 % (291.11) 5.0 % (0.51)
Q1 2016 1,764.88 6.5 % 1,085.55 24.1 % (250.00) 2.6 % (0.44)

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 16.50 % (92.47 %) (179.10 %)
Q3 2009 21.82 % (58.30 %) (133.18 %)
Q4 2009 29.19 % (35.71 %) (103.17 %)
Q1 2010 31.72 % (23.12 %) (85.21 %)
Q2 2010 37.30 % (8.97 %) (64.97 %)
Q3 2010 40.38 % 1.01 % (48.91 %)
Q4 2010 42.64 % 5.57 % (39.74 %)
Q1 2011 45.26 % 8.77 % (35.22 %)
Q2 2011 48.30 % 11.75 % (31.08 %)
Q3 2011 49.70 % 12.64 % (29.57 %)
Q4 2011 47.77 % 13.42 % (28.74 %)
Q1 2012 47.30 % 14.66 % (26.92 %)
Q2 2012 44.59 % 14.89 % (26.41 %)
Q3 2012 43.96 % 14.62 % (27.64 %)
Q4 2012 46.35 % 14.24 % (28.35 %)
Q1 2013 46.07 % 13.24 % (27.12 %)
Q2 2013 47.44 % 12.73 % (26.44 %)
Q3 2013 47.88 % 13.68 % (25.15 %)
Q4 2013 48.06 % 13.65 % (25.32 %)
Q1 2014 49.73 % 15.48 % (24.76 %)
Q2 2014 50.30 % 15.95 % (24.65 %)
Q3 2014 51.27 % 15.29 % (24.40 %)
Q4 2014 51.79 % 15.50 % (22.58 %)
Q1 2015 52.08 % 15.99 % (21.21 %)
Q2 2015 53.79 % 18.43 % (18.95 %)
Q3 2015 55.88 % 21.85 % (15.66 %)
Q4 2015 58.61 % 24.16 % (14.42 %)
Q1 2016 60.77 % 25.19 % (14.09 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 220.28 - - 61.09
Q2 2008 220.28 - - 60.39
Q3 2008 220.28 - - 57.44
Q4 2008 220.28 (10.34) (8.44) 53.21
Q1 2009 220.28 (11.35) (11.35) 49.74
Q2 2009 220.28 (14.54) (14.54) 45.85
Q3 2009 220.28 (15.32) (15.32) 42.13
Q4 2009 220.28 (14.07) (14.07) 39.14
Q1 2010 220.28 (13.60) (13.60) 36.14
Q2 2010 220.28 (12.58) (12.58) 33.27
Q3 2010 220.28 (11.33) (11.33) 29.90
Q4 2010 220.28 (10.71) (10.71) 27.83
Q1 2011 220.28 (10.11) (10.11) 25.58
Q2 2011 220.28 (9.28) (9.28) 23.62
Q3 2011 220.28 (9.01) (9.01) 21.58
Q4 2011 220.28 (8.74) (8.74) 19.49
Q1 2012 220.28 (8.23) (8.23) 17.79
Q2 2012 220.28 (7.98) (7.98) 16.00
Q3 2012 573.22 (3.08) (3.08) 15.53
Q4 2012 573.22 (3.05) (3.05) 14.74
Q1 2013 573.22 (3.01) (3.01) 14.05
Q2 2013 573.22 (2.97) (2.97) 13.40
Q3 2013 573.22 (2.85) (2.85) 12.67
Q4 2013 573.22 (2.88) (2.88) 11.79
Q1 2014 573.22 (2.74) (2.74) 11.22
Q2 2014 573.22 (2.67) (2.67) 10.60
Q3 2014 573.22 (2.49) (2.63) 10.10
Q4 2014 573.22 (2.21) (2.45) 9.53
Q1 2015 573.22 (2.11) (2.34) 9.04
Q2 2015 573.22 (1.88) (2.12) 8.71
Q3 2015 573.22 (1.72) (1.81) 8.31
Q4 2015 573.22 (1.70) (1.70) 7.94
Q1 2016 573.22 (1.68) (1.68) 7.45

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 - - 4.80
Q2 2008 - - 6.26
Q3 2008 - - 5.04
Q4 2008 NEG NEG 3.09
Q1 2009 NEG NEG 3.20
Q2 2009 NEG NEG 3.95
Q3 2009 NEG NEG 3.99
Q4 2009 NEG NEG 4.00
Q1 2010 NEG NEG 4.16
Q2 2010 NEG NEG 3.92
Q3 2010 NEG NEG 4.08
Q4 2010 NEG NEG 4.30
Q1 2011 NEG NEG 4.16
Q2 2011 NEG NEG 4.51
Q3 2011 NEG NEG 4.47
Q4 2011 NEG NEG 4.39
Q1 2012 NEG NEG 9.41
Q2 2012 NEG NEG 7.52
Q3 2012 NEG NEG 1.95
Q4 2012 NEG NEG 1.58
Q1 2013 NEG NEG 1.71
Q2 2013 NEG NEG 2.18
Q3 2013 NEG NEG 2.22
Q4 2013 NEG NEG 2.33
Q1 2014 NEG NEG 2.73
Q2 2014 NEG NEG 2.76
Q3 2014 NEG NEG 3.12
Q4 2014 NEG NEG 2.00
Q1 2015 NEG NEG 1.90
Q2 2015 NEG NEG 2.09
Q3 2015 NEG NEG 1.75
Q4 2015 NEG NEG 1.68
Q1 2016 NEG NEG 1.87

Analysts Estimates (Million)

Item Q1 2016 (e) Q1 2016 (a) Change‬
Average (215.20) (250.00) (16.2 %)

Estimates vs Actual (Million)

Item Q1 2016 (e) Q1 2016 (a) Change
SFC (260.00) (250.00) 3.8 %
Al Rajhi Capital (237.00) (250.00) (5.5) %
Albilad Capital (218.00) (250.00) (14.7) %
Riyad Capital (215.00) (250.00) (16.3) %
SNB Capital (214.70) (250.00) (16.4) %
Alistithmar Capital (146.50) (250.00) (70.6) %

Current
Market Cap (M Riyal) 10,353.37
Enterprise Value (EV) (M) 17,518.38
Shares Outstanding ((M)) 898.73
EPS ( Riyal) (TTM) 0.47
Book Value (BV) ( Riyal) 11.86
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 36.68
P/E (TTM) 24.58
Price/book 0.97
Return on Average Assets (%) (TTM) 1.5
Return on Average Equity (%) (TTM) 3.9

Mobile Telecommunication Company Saudi Arabia (ZAIN KSA)


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.