Al Yamamah Steel Industries Co. reported a net profit of SAR 92.8 million for the nine-month period ending on June 30, 2017, down by 43 percent year-on-year (YoY) on the back of higher cost of sales, a decline in profit margins associated with a 33 percent drop in sales volume due to fierce competition and stalled projects.
| Item | 9m 2016 | 9m 2017 | Change |
|---|---|---|---|
| Revenues | 1,367.65 | 983.84 | (28.1 %) |
| Gross Income | 282.79 | 181.76 | (35.7 %) |
| Operating Income | 217.41 | 127.76 | (41.2 %) |
| Net Income | 161.47 | 92.75 | (42.6 %) |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | 3.18 | 1.83 | (42.6 %) |
The third quarter saw a net profit of SAR 17.2 million, a 75 percent YoY decrease.
The company’s net profit dropped 64 percent in Q2 compared to the previous quarter, due to lower sales volume and lower selling prices.
| Item | Q3 2016 | Q3 2017 | Change |
|---|---|---|---|
| Revenues | 471.48 | 286.42 | (39.3 %) |
| Gross Income | 124.12 | 42.20 | (66.0 %) |
| Operating Income | 101.77 | 26.22 | (74.2 %) |
| Net Income | 67.88 | 17.21 | (74.6 %) |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | 1.34 | 0.34 | (74.6 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2017 | 325.44 | (25.3 %) | 59.55 | (0.1 %) | 28.99 | (16.7 %) | 0.57 |
| Q2 2017 | 371.99 | (19.2 %) | 80.81 | (16.7 %) | 48.15 | (13.5 %) | 0.95 |
| Q3 2017 | 286.42 | (39.3 %) | 42.20 | (66.0 %) | 17.21 | (74.6 %) | 0.34 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | 21.71 % | 18.41 % | 12.02 % |
| Q2 2017 | 21.92 % | 18.77 % | 12.24 % |
| Q3 2017 | 18.64 % | 16.88 % | 9.05 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2017 | 50.80 | 3.40 | 3.64 | 12.72 |
| Q2 2017 | 50.80 | 3.25 | 3.49 | 13.65 |
| Q3 2017 | 50.80 | 2.25 | 2.25 | 13.03 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2017 | 8.33 | 7.78 | 2.23 |
| Q2 2017 | 8.16 | 7.60 | 1.94 |
| Q3 2017 | 11.06 | 11.06 | 1.91 |
Q3 2017
| Period | Construction sector | Electricity sector | Pipelines factory | Electric poles factory | Frames factory | Electric power towers factory | Al Yamamah for reinforcing steel bars |
|---|---|---|---|---|---|---|---|
| Q1 2017 | 278.88 | 46.55 | - | - | - | - | - |
| Q2 2017 | 304.43 | 67.56 | - | - | - | - | - |
| Q3 2017 | 245.49 | 40.93 | - | - | - | - | - |
| Item | Q3 2017 (e) | Q3 2017 (a) | Change |
|---|---|---|---|
| Average | 34.00 | 17.21 | (49.4 %) |
| Item | Q3 2017 (e) | Q3 2017 (a) | Change |
|---|---|---|---|
| Sico | 34.00 | 17.21 | (49.4) % |
| Current | |
| Market Cap (M Riyal) | 1,897.38 |
| Enterprise Value (EV) (M) | 2,863.98 |
| Shares Outstanding ((M)) | 50.80 |
| EPS ( Riyal) (TTM) | (0.20) |
| Book Value (BV) ( Riyal) | 11.38 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| P/E (TTM) | NEG |
| Price/book | 3.28 |
| Return on Average Assets (%) (TTM) | (0.53 ) |
| Return on Average Equity (%) (TTM) | (1.76 ) |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}