Saudi Chemical posts 5% profit decline to SAR 86 mln in Q1-2015

16/04/2015 Argaam Exclusive

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Share Price

Saudi Chemical Co. (CHEMICAL)

Saudi Chemical Co. reported a net profit of SAR 86.2 million for first quarter, five percent lower compared to the same period in 2014.

The first quarter's drop was mainly attributed to lower sales and profit margin for certain products, in addition to a slight increase in the selling, general & administrative expenses.

Compared with the previous quarter, the company reported higher profit, thanks to improved sales and lower general and administrative expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	693.05	678.47	(2.1 %)
Gross Income	145.19	139.29	(4.1 %)
Operating Income	100.13	93.21	(6.9 %)
Net Income	90.95	86.22	(5.2 %)
Average Shares	843.20	843.20	-
EPS (Riyals)	0.11	0.10	(5.2 %)

Item	Q4 2014	Q1 2015	Change‬
Revenues	610.38	678.47	11.2 %
Gross Income	119.82	139.29	16.3 %
Operating Income	72.06	93.21	29.4 %
Net Income	66.46	86.22	29.7 %
Average Shares	843.20	843.20	-
EPS (Riyals)	0.08	0.10	29.7 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	268.46	7.6 %	53.36	93.1 %	30.94	40.1 %	0.04
Q2 2006	206.47	(0.3 %)	50.47	48.5 %	34.34	25.9 %	0.04
Q3 2006	213.23	7.1 %	54.65	(1.7 %)	42.18	25.4 %	0.05
Q4 2006	338.83	13.5 %	54.81	(14.5 %)	40.59	50.0 %	0.05
2006	1,026.99	7.6 %	213.29	17.6 %	148.05	34.6 %	0.18
Q1 2007	301.26	12.2 %	56.55	6.0 %	39.95	29.1 %	0.05
Q2 2007	293.66	42.2 %	58.28	15.5 %	37.92	10.4 %	0.04
Q3 2007	258.19	21.1 %	43.61	(20.2 %)	12.47	(70.4 %)	0.01
Q4 2007	377.02	11.3 %	47.89	(12.6 %)	21.43	(47.2 %)	0.03
2007	1,230.13	19.8 %	206.33	(3.3 %)	111.76	(24.5 %)	0.13
Q1 2008	407.29	35.2 %	70.72	25.1 %	33.72	(15.6 %)	0.04
Q2 2008	368.01	25.3 %	57.24	(1.8 %)	62.22	64.1 %	0.07
Q3 2008	283.04	9.6 %	60.52	38.8 %	44.89	260.0 %	0.05
Q4 2008	478.82	27.0 %	77.37	61.6 %	59.71	178.7 %	0.07
2008	1,537.16	25.0 %	265.85	28.8 %	200.53	79.4 %	0.24
Q1 2009	422.98	3.9 %	86.46	22.3 %	67.48	100.1 %	0.08
Q2 2009	396.24	7.7 %	86.27	50.7 %	63.76	2.5 %	0.08
Q3 2009	350.64	23.9 %	75.14	24.2 %	104.70	133.2 %	0.12
Q4 2009	473.48	(1.1 %)	98.42	27.2 %	65.10	9.0 %	0.08
2009	1,643.34	6.9 %	346.29	30.3 %	301.03	50.1 %	0.36
Q1 2010	404.20	(4.4 %)	98.12	13.5 %	74.73	10.7 %	0.09
Q2 2010	435.49	9.9 %	106.98	24.0 %	86.47	35.6 %	0.10
Q3 2010	279.73	(20.2 %)	84.51	12.5 %	54.21	(48.2 %)	0.06
Q4 2010	538.90	13.8 %	111.94	13.7 %	87.77	34.8 %	0.10
2010	1,658.32	0.9 %	425.26	22.8 %	303.17	0.7 %	0.36
Q1 2011	469.13	16.1 %	127.36	29.8 %	86.18	15.3 %	0.10
Q2 2011	364.79	(16.2 %)	114.09	6.6 %	76.03	(12.1 %)	0.09
Q3 2011	412.74	47.5 %	86.14	1.9 %	46.73	(13.8 %)	0.06
Q4 2011	620.91	15.2 %	105.82	(5.5 %)	58.46	(33.4 %)	0.07
2011	1,867.57	12.6 %	433.41	1.9 %	267.41	(11.8 %)	0.32
Q1 2012	543.96	16.0 %	125.43	(1.5 %)	87.87	2.0 %	0.10
Q2 2012	464.55	27.3 %	132.00	15.7 %	86.89	14.3 %	0.10
Q3 2012	339.73	(17.7 %)	96.82	12.4 %	50.74	8.6 %	0.06
Q4 2012	653.09	5.2 %	120.26	13.6 %	65.77	12.5 %	0.08
2012	2,001.33	7.2 %	474.51	9.5 %	291.27	8.9 %	0.35
Q1 2013	608.71	11.9 %	118.07	(5.9 %)	88.29	0.5 %	0.10
Q2 2013	561.58	20.9 %	131.45	(0.4 %)	77.19	(11.2 %)	0.09
Q3 2013	412.44	21.4 %	103.64	7.0 %	60.38	19.0 %	0.07
Q4 2013	692.39	6.0 %	130.62	8.6 %	74.75	13.6 %	0.09
2013	2,275.12	13.7 %	479.48	1.0 %	300.60	3.2 %	0.36
Q1 2014	693.05	13.9 %	145.19	23.0 %	90.95	3.0 %	0.11
Q2 2014	651.85	16.1 %	138.73	5.5 %	86.64	12.2 %	0.10
Q3 2014	529.03	28.3 %	99.05	(4.4 %)	39.51	(34.6 %)	0.05
Q4 2014	610.38	(11.8 %)	119.82	(8.3 %)	66.46	(11.1 %)	0.08
2014	2,484.32	9.2 %	502.80	4.9 %	283.56	(5.7 %)	0.34
Q1 2015	678.47	(2.1 %)	139.29	(4.1 %)	86.22	(5.2 %)	0.10

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	954.02	23.2 %	181.37	106.8 %	110.03	6568.5 %	0.13
2006	1,026.99	7.6 %	213.29	17.6 %	148.05	34.6 %	0.18
2007	1,230.13	19.8 %	206.33	(3.3 %)	111.76	(24.5 %)	0.13
2008	1,537.16	25.0 %	265.85	28.8 %	200.53	79.4 %	0.24
2009	1,643.34	6.9 %	346.29	30.3 %	301.03	50.1 %	0.36
2010	1,658.32	0.9 %	425.26	22.8 %	303.17	0.7 %	0.36
2011	1,867.57	12.6 %	433.41	1.9 %	267.41	(11.8 %)	0.32
2012	2,001.33	7.2 %	474.51	9.5 %	291.27	8.9 %	0.35
2013	2,275.12	13.7 %	479.48	1.0 %	300.60	3.2 %	0.36
2014	2,484.32	9.2 %	502.80	4.9 %	283.56	(5.7 %)	0.34

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	21.28 %	21.46 %	12.22 %
Q2 2006	22.99 %	21.74 %	12.95 %
Q3 2006	22.56 %	20.18 %	13.63 %
Q4 2006	20.77 %	17.19 %	14.42 %
2006	20.77 %	17.19 %	14.42 %
Q1 2007	20.43 %	16.53 %	14.82 %
Q2 2007	19.55 %	16.07 %	14.01 %
Q3 2007	17.89 %	14.49 %	10.98 %
Q4 2007	16.77 %	13.45 %	9.09 %
2007	16.77 %	13.45 %	9.09 %
Q1 2008	16.50 %	13.37 %	7.90 %
Q2 2008	15.56 %	12.46 %	9.20 %
Q3 2008	16.47 %	13.18 %	11.30 %
Q4 2008	17.29 %	14.64 %	13.05 %
2008	17.29 %	14.64 %	13.05 %
Q1 2009	18.13 %	15.06 %	15.09 %
Q2 2009	19.65 %	16.67 %	14.92 %
Q3 2009	19.73 %	16.99 %	17.93 %
Q4 2009	21.07 %	17.70 %	18.32 %
2009	21.07 %	17.70 %	18.32 %
Q1 2010	22.03 %	18.87 %	18.98 %
Q2 2010	22.76 %	19.69 %	19.89 %
Q3 2010	24.36 %	20.28 %	17.54 %
Q4 2010	24.21 %	19.99 %	18.22 %
2010	25.64 %	20.06 %	18.28 %
Q1 2011	25.00 %	19.85 %	18.19 %
Q2 2011	26.50 %	20.18 %	18.34 %
Q3 2011	24.62 %	18.50 %	16.62 %
Q4 2011	23.21 %	17.03 %	14.32 %
2011	23.21 %	17.03 %	14.32 %
Q1 2012	22.21 %	16.52 %	13.85 %
Q2 2012	22.01 %	16.23 %	13.71 %
Q3 2012	23.36 %	17.22 %	14.42 %
Q4 2012	23.71 %	17.12 %	14.55 %
2012	23.71 %	17.12 %	14.55 %
Q1 2013	22.61 %	15.90 %	13.37 %
Q2 2013	21.57 %	14.90 %	12.32 %
Q3 2013	21.17 %	14.59 %	12.35 %
Q4 2013	21.26 %	14.70 %	12.53 %
2013	21.07 %	14.69 %	12.53 %
Q1 2014	21.65 %	14.94 %	12.85 %
Q2 2014	21.15 %	14.60 %	12.68 %
Q3 2014	20.01 %	13.27 %	11.29 %
Q4 2014	20.24 %	13.37 %	11.33 %
2014	20.24 %	13.37 %	11.33 %
Q1 2015	20.12 %	13.27 %	11.21 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	19.01 %	20.11 %	11.53 %
2006	20.77 %	17.19 %	14.42 %
2007	16.77 %	13.45 %	9.09 %
2008	17.29 %	14.64 %	13.05 %
2009	21.07 %	17.70 %	18.32 %
2010	25.64 %	20.06 %	18.28 %
2011	23.21 %	17.03 %	14.32 %
2012	23.71 %	17.12 %	14.55 %
2013	21.07 %	14.69 %	12.53 %
2014	20.24 %	13.37 %	11.33 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	19.88 %	18.34 %	11.52 %
Q2 2006	24.44 %	19.79 %	16.63 %
Q3 2006	25.63 %	22.61 %	19.78 %
Q4 2006	16.18 %	11.27 %	11.98 %
Q1 2007	18.77 %	15.91 %	13.26 %
Q2 2007	19.85 %	17.00 %	12.91 %
Q3 2007	16.89 %	14.21 %	4.83 %
Q4 2007	12.70 %	8.19 %	5.68 %
Q1 2008	17.36 %	15.02 %	8.28 %
Q2 2008	15.55 %	12.76 %	16.91 %
Q3 2008	21.38 %	17.70 %	15.86 %
Q4 2008	16.16 %	13.97 %	12.47 %
Q1 2009	20.44 %	16.52 %	15.95 %
Q2 2009	21.77 %	19.37 %	16.09 %
Q3 2009	21.43 %	18.97 %	29.86 %
Q4 2009	20.79 %	16.42 %	13.75 %
Q1 2010	24.28 %	21.14 %	18.49 %
Q2 2010	24.57 %	22.48 %	19.85 %
Q3 2010	30.21 %	22.16 %	18.99 %
Q4 2010	20.77 %	16.00 %	16.29 %
Q1 2011	27.15 %	20.47 %	18.37 %
Q2 2011	31.28 %	24.46 %	20.84 %
Q3 2011	20.87 %	14.27 %	11.32 %
Q4 2011	17.04 %	11.91 %	9.41 %
Q1 2012	23.06 %	18.16 %	16.15 %
Q2 2012	28.41 %	21.49 %	18.70 %
Q3 2012	28.50 %	19.58 %	14.94 %
Q4 2012	18.41 %	11.85 %	10.07 %
Q1 2013	19.40 %	13.92 %	11.97 %
Q2 2013	23.41 %	16.66 %	13.73 %
Q3 2013	25.13 %	17.12 %	14.64 %
Q4 2013	18.87 %	12.36 %	10.80 %
Q1 2014	20.95 %	14.83 %	13.12 %
Q2 2014	21.28 %	15.15 %	12.98 %
Q3 2014	18.72 %	10.12 %	7.47 %
Q4 2014	19.63 %	12.64 %	10.89 %
Q1 2015	20.53 %	14.51 %	12.71 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	843.20	0.14	0.14	0.87
Q2 2006	843.20	0.15	0.15	0.91
Q3 2006	843.20	0.16	0.16	0.96
Q4 2006	843.20	0.18	0.18	1.00
Q1 2007	843.20	0.19	0.19	1.05
Q2 2007	843.20	0.19	0.19	1.02
Q3 2007	843.20	0.16	0.16	1.04
Q4 2007	843.20	0.13	0.13	1.06
Q1 2008	843.20	0.13	0.13	1.10
Q2 2008	843.20	0.15	0.15	1.18
Q3 2008	843.20	0.19	0.19	1.23
Q4 2008	843.20	0.24	0.24	1.30
Q1 2009	843.20	0.28	0.28	1.38
Q2 2009	843.20	0.28	0.28	1.46
Q3 2009	843.20	0.35	0.35	1.58
Q4 2009	843.20	0.36	0.36	1.47
Q1 2010	843.20	0.37	0.37	1.56
Q2 2010	843.20	0.39	0.39	1.55
Q3 2010	843.20	0.33	0.33	1.61
Q4 2010	843.20	0.36	0.36	1.60
Q1 2011	843.20	0.37	0.37	1.71
Q2 2011	843.20	0.36	0.36	1.65
Q3 2011	843.20	0.35	0.35	1.70
Q4 2011	843.20	0.32	0.32	1.62
Q1 2012	843.20	0.32	0.32	1.73
Q2 2012	843.20	0.33	0.33	1.72
Q3 2012	843.20	0.34	0.34	1.78
Q4 2012	843.20	0.35	0.35	1.69
Q1 2013	843.20	0.35	0.33	1.79
Q2 2013	843.20	0.33	0.32	1.77
Q3 2013	843.20	0.35	0.33	1.84
Q4 2013	843.20	0.36	0.34	1.78
Q1 2014	843.20	0.36	0.36	1.89
Q2 2014	843.20	0.37	0.37	1.86
Q3 2014	843.20	0.35	0.34	1.90
Q4 2014	843.20	0.34	0.33	1.83
Q1 2015	843.20	0.33	0.33	1.93

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	843.20	0.13	0.13	0.83
2006	843.20	0.18	0.18	1.00
2007	843.20	0.13	0.13	1.06
2008	843.20	0.24	0.24	1.30
2009	843.20	0.36	0.36	1.47
2010	843.20	0.36	0.36	1.60
2011	843.20	0.32	0.32	1.62
2012	843.20	0.35	0.35	1.69
2013	843.20	0.36	0.34	1.78
2014	843.20	0.34	0.33	1.83

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	26.94	26.94	4.39
Q2 2006	28.11	28.11	4.63
Q3 2006	33.14	33.14	5.53
Q4 2006	12.92	12.92	2.26
Q1 2007	11.98	11.98	2.12
Q2 2007	11.42	11.42	2.13
Q3 2007	15.10	15.10	2.26
Q4 2007	20.51	20.51	2.56
Q1 2008	17.08	17.08	1.94
Q2 2008	22.53	22.53	2.95
Q3 2008	16.95	16.95	2.65
Q4 2008	6.61	6.61	1.21
Q1 2009	5.84	5.84	1.18
Q2 2009	7.48	7.48	1.44
Q3 2009	6.74	6.74	1.50
Q4 2009	8.70	8.70	2.11
Q1 2010	8.80	8.80	2.06
Q2 2010	7.78	7.78	1.97
Q3 2010	10.75	10.80	2.22
Q4 2010	8.68	8.71	1.94
Q1 2011	9.09	9.12	1.99
Q2 2011	9.50	9.54	2.08
Q3 2011	8.76	8.76	1.81
Q4 2011	9.29	9.29	1.82
Q1 2012	9.71	9.71	1.79
Q2 2012	8.67	8.67	1.68
Q3 2012	8.69	8.69	1.65
Q4 2012	9.71	9.71	1.99
Q1 2013	9.19	9.71	1.78
Q2 2013	10.32	10.92	1.95
Q3 2013	10.32	10.90	1.94
Q4 2013	11.57	12.20	2.32
Q1 2014	12.72	12.72	2.42
Q2 2014	14.29	14.38	2.85
Q3 2014	16.47	16.59	2.99
Q4 2014	12.77	12.86	2.35
Q1 2015	15.68	15.79	2.68

Period	P/E	Adjusted P/E	Price/book
2005	46.07	46.07	7.25
2006	12.92	12.92	2.26
2007	20.51	20.51	2.56
2008	6.61	6.61	1.21
2009	8.70	8.70	2.11
2010	8.68	8.68	1.94
2011	9.29	9.29	1.82
2012	9.71	9.71	1.99
2013	11.57	12.20	2.32
2014	12.77	12.86	2.35

Business Segments (Million)

Compared With The

Period	Medicines and medical supplies	Explosives sector	Production of ammonium nitrate
Q1 2007	251.51	49.74	-
Q2 2007	233.73	59.94	-
Q3 2007	208.89	49.30	-
Q4 2007	330.46	46.56	-
Q1 2008	346.00	61.29	-
Q2 2008	300.28	67.74	-
Q3 2008	223.55	59.50	-
Q4 2008	423.99	54.83	-
Q1 2009	351.39	71.60	-
Q2 2009	327.68	68.57	-
Q3 2009	282.02	68.62	-
Q4 2009	394.61	78.87	-
Q1 2010	313.46	76.69	14.06
Q2 2010	329.91	91.05	14.52
Q3 2010	197.06	74.39	8.29
Q4 2010	458.47	71.57	8.86
Q1 2011	368.14	99.55	1.43
Q2 2011	269.28	95.51	-
Q3 2011	334.61	76.50	1.63
Q4 2011	532.27	86.84	1.81
Q1 2012	441.68	102.29	-
Q2 2012	347.97	115.14	1.43
Q3 2012	249.03	90.71	-
Q4 2012	560.94	90.71	1.44
Q1 2013	504.23	99.55	4.94
Q2 2013	454.26	110.50	(3.18)
Q3 2013	305.21	107.23	-
Q4 2013	595.40	97.00	-
Q1 2014	577.21	115.84	-
Q2 2014	513.14	138.71	-
Q3 2014	434.89	91.56	2.58
Q4 2014	500.81	108.14	1.44
Q1 2015	560.46	115.12	2.89

Period	Medicines and medical supplies	Explosives sector	Production of ammonium nitrate
2007	1,024.60	205.54	-
2008	1,293.81	243.35	-
2009	1,355.69	287.65	-
2010	1,298.90	313.69	45.73
2011	1,504.30	358.40	4.88
2012	1,599.61	398.85	2.87
2013	1,859.09	414.27	1.76
2014	2,026.05	454.25	4.02

Financial Ratios

	Current
Market Cap (M Riyal)	7,774.30
Enterprise Value (EV) (M)	9,084.21
Shares Outstanding ((M))	843.20
EPS ( Riyal) (TTM)	0.29
Book Value (BV) ( Riyal)	2.24
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	32.12
P/E (TTM)	32.12
Price/book	4.11
Return on Average Assets (%) (TTM)	4.6
Return on Average Equity (%) (TTM)	13.5

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Saudi Chemical posts 5% profit decline to SAR 86 mln in Q1-2015

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Saudi Chemical Co. (CHEMICAL)

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Saudi Chemical posts 5% profit decline to SAR 86 mln in Q1-2015

View other reports

Share Price

Saudi Chemical Co. (CHEMICAL)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2015

Revenue by Business Segment (Latest) 2015 Q1

Financial Ratios

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