Alandalus Property’s net profit up 7% in FY16
Alandalus Property Co. reported a net profit of SAR 100.4 million for the fiscal year 2016, a 6.8 percent year-on-year increase on higher rent revenue and lower cost of revenue. The increase in income from investments in associates and other revenue besides the decrease in financing costs also contributed to the increase in net profit.
Financials (M)
Item | 2015 | 2016 | Change |
---|---|---|---|
Revenues | 126.73 | 131.67 | 3.9 % |
Gross Income | 75.08 | 81.96 | 9.2 % |
Operating Income | 65.60 | 69.29 | 5.6 % |
Net Income | 94.07 | 91.82 | (2.4 %) |
Average Shares | 93.33 | 93.33 | - |
EPS (Riyals) | 1.01 | 0.98 | (2.4 %) |
The company reported a net profit of SAR 24.6 million for the fourth quarter of 2016, a 13.6 percent increase compared to the same period last year.
When compared to the third quarter of 2016, net profit dropped 6.3 percent due to lower rent revenue, drop in income from investments in associates and the higher general and administrative expenses.
Current Quarter Comparison (M)
Item | Q4 2015 | Q4 2016 | Change |
---|---|---|---|
Revenues | 32.37 | 33.62 | 3.9 % |
Gross Income | 16.66 | 20.98 | 25.9 % |
Operating Income | 13.64 | 17.58 | 28.9 % |
Net Income | 21.68 | 15.81 | (27.1 %) |
Average Shares | 93.33 | 93.33 | - |
EPS (Riyals) | 0.23 | 0.17 | (27.1 %) |
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Share Price
Alandalus Property Co. (ALANDALUS)
Current | |
Market Cap (M Riyal) | 2,165.26 |
Enterprise Value (EV) (M) | 3,057.34 |
Shares Outstanding ((M)) | 93.33 |
EPS ( Riyal) (TTM) | (0.13) |
Book Value (BV) ( Riyal) | 11.07 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | Neg |
P/E (TTM) | NEG |
Price/book | 2.10 |
Return on Average Assets (%) (TTM) | (0.55 ) |
Return on Average Equity (%) (TTM) | (1.18 ) |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2016 | 31.69 | 7.1 % | 19.84 | 8.8 % | 16.93 | 4.0 % |
Q2 2016 | 32.06 | 1.1 % | 20.17 | (1.2 %) | 17.15 | (7.5 %) |
Q3 2016 | 34.30 | 3.8 % | 20.97 | 6.1 % | 17.64 | 3.2 % |
Q4 2016 | 33.62 | 3.9 % | 20.98 | 25.9 % | 17.58 | 28.9 % |
2016 | 131.67 | 3.9 % | 81.96 | 9.2 % | 69.29 | 5.6 % |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2016 | 24.80 | 5.3 % | 0.27 | - | 24.80 | 0.27 |
Q2 2016 | 24.85 | 0.8 % | 0.27 | - | 24.85 | 0.27 |
Q3 2016 | 26.37 | 9.1 % | 0.28 | - | 26.37 | 0.28 |
Q4 2016 | 15.81 | (27.1 %) | 0.17 | - | 15.81 | 0.17 |
2016 | 91.82 | (2.4 %) | 0.98 | - | 91.82 | 0.98 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2016 | 59.52 % | 61.03 % | 73.99 % |
Q2 2016 | 59.17 % | 59.81 % | 73.93 % |
Q3 2016 | 59.53 % | 59.73 % | 74.91 % |
Q4 2016 | 62.25 % | 60.32 % | 69.74 % |
2016 | 62.25 % | 60.32 % | 69.74 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2016 | 93.33 | 1.02 | 1.02 | 9.19 |
Q2 2016 | 93.33 | 1.02 | 1.02 | 9.08 |
Q3 2016 | 93.33 | 1.05 | 1.05 | 9.37 |
Q4 2016 | 93.33 | 0.98 | 0.98 | 9.54 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2016 | 15.43 | 15.43 | 1.71 |
Q2 2016 | 14.79 | 14.79 | 1.67 |
Q3 2016 | 10.83 | 10.83 | 1.21 |
Q4 2016 | 14.97 | 14.97 | 1.54 |
Business Segments (Million)
Q4 2016
Period | Retail sector | Office sector |
---|---|---|
Q1 2016 | 31.54 | 0.26 |
Q2 2016 | 32.10 | 0.26 |
Q3 2016 | 33.64 | 0.26 |
Q4 2016 | 33.36 | 0.26 |
Analysts Estimates (Million)
Item | Q4 2016 (e) | Q4 2016 (a) | Change |
---|---|---|---|
Average | 22.30 | 15.81 | (29.1 %) |
Estimates vs Actual (Million)
Item | Q4 2016 (e) | Q4 2016 (a) | Change |
---|---|---|---|
OSOOL AND BAKHEET | 22.30 | 15.81 | (29.1) % |
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