Yansab posts 55% profit decline in FY19

23/01/2020 Argaam Exclusive

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Yanbu National Petrochemical Co. (Yansab) reported a net profit of SAR 1.09 billion for fiscal year 2019, down by 54.8% year-on-year (YoY) driven by lower selling prices.



Financials (M)

Item 2018 2019 Change‬
Revenues 7,628.47 6,064.83 (20.5 %)
Gross Income 2,865.44 1,498.27 (47.7 %)
Operating Income 2,361.54 1,096.15 (53.6 %)
Net Income 2,413.98 1,089.77 (54.9 %)
Average Shares 562.50 562.50 -
Earnings Per Share before unusual items (Riyals) 4.29 1.94 (54.9 %)
EPS (Riyals) 4.29 1.94 (54.9 %)

The Q4 2019 net profit after zakat and tax fell 26.8% YoY to SAR 170.9 million on lower selling prices, despite higher sales volume.

 

Compared to the previous quarter, Q4 net profit was down 19.4%.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 1,619.36 1,482.08 (8.5 %)
Gross Income 348.78 298.12 (14.5 %)
Operating Income 199.58 182.31 (8.7 %)
Net Income 233.48 170.95 (26.8 %)
Average Shares 562.50 562.50 -
Earnings Per Share before unusual items (Riyals) 0.42 0.30 (26.8 %)
EPS (Riyals) 0.42 0.30 (26.8 %)

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Share Price

Yanbu National Petrochemical Co. (YANSAB)


Current
Market Cap (M Riyal) 19,125.00
Enterprise Value (EV) (M) 15,985.91
Shares Outstanding ((M)) 562.50
EPS ( Riyal) (TTM) 0.75
Book Value (BV) ( Riyal) 19.98
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 47.67
P/E (TTM) 45.50
Price/book 1.70
Return on Average Assets (%) (TTM) 2.9
Return on Average Equity (%) (TTM) 3.6

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