Makkah Construction’s net profit slips 5% in FY15

01/03/2016 Argaam Exclusive

View other reports

Share Price

Makkah Construction and Development Co. (MCDC)

Makkah Construction and Development Co. reported a net profit of SAR 311 million for fiscal year (FY) 2015, marking a year-on-year (YoY) decline of 4.9 percent attributed to higher operating expenses for Makkah Hilton Hotel and Hilton Towers, and application of a minimum wage system.

Financials (M)

Item	2014	2015	Change‬
Revenues	414.89	398.67	(3.9 %)
Gross Income	355.32	341.37	(3.9 %)
Operating Income	343.29	324.47	(5.5 %)
Net Income	326.91	310.65	(5.0 %)
Average Shares	164.82	164.82	-
EPS (Riyals)	1.98	1.88	(5.0 %)

The company posted a net profit of SAR 69 million in Q4-2015, a 19.8 percent YoY decline, and a 16.9 percent drop compared to the previous quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2014	Q4 2015	Change‬
Revenues	107.98	93.71	(13.2 %)
Gross Income	94.00	80.75	(14.1 %)
Operating Income	90.78	72.74	(19.9 %)
Net Income	86.39	68.85	(20.3 %)
Average Shares	164.82	164.82	-
EPS (Riyals)	0.52	0.42	(20.3 %)

Item	Q3 2015	Q4 2015	Change‬
Revenues	103.94	93.71	(9.8 %)
Gross Income	88.35	80.75	(8.6 %)
Operating Income	86.16	72.74	(15.6 %)
Net Income	82.69	68.85	(16.7 %)
Average Shares	164.82	164.82	-
EPS (Riyals)	0.50	0.42	(16.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	46.04	(13.2 %)	27.12	(21.4 %)	24.12	(26.8 %)	0.15
Q2 2006	106.71	15.2 %	85.61	17.1 %	79.57	14.7 %	0.48
Q3 2006	80.23	7.3 %	61.91	14.1 %	46.42	(7.9 %)	0.28
Q4 2006	41.21	39.5 %	9.39	23.3 %	22.74	(31.2 %)	0.14
2006	243.45	13.0 %	182.69	8.9 %	165.42	(7.1 %)	1.00
Q1 2007	35.02	(23.9 %)	23.95	(11.7 %)	20.54	(14.9 %)	0.12
Q2 2007	111.27	4.3 %	99.69	16.4 %	95.98	20.6 %	0.58
Q3 2007	62.16	(22.5 %)	51.10	(17.5 %)	46.91	1.1 %	0.28
Q4 2007	63.43	53.9 %	50.10	433.7 %	13.57	(40.3 %)	0.08
2007	271.89	11.7 %	224.83	23.1 %	177.00	7.0 %	1.07
Q1 2008	62.75	79.2 %	51.40	114.6 %	46.88	128.3 %	0.28
Q2 2008	102.40	(8.0 %)	90.31	(9.4 %)	83.31	(13.2 %)	0.51
Q3 2008	61.87	(0.5 %)	50.57	(1.0 %)	49.20	4.9 %	0.30
Q4 2008	63.96	0.8 %	51.11	2.0 %	42.78	215.3 %	0.26
2008	290.97	7.0 %	243.39	8.3 %	222.17	25.5 %	1.35
Q1 2009	61.73	(1.6 %)	49.66	(3.4 %)	46.33	(1.2 %)	0.28
Q2 2009	83.45	(18.5 %)	71.03	(21.4 %)	66.29	(20.4 %)	0.40
Q3 2009	65.52	5.9 %	54.36	7.5 %	49.54	0.7 %	0.30
Q4 2009	67.94	6.2 %	57.29	12.1 %	52.46	22.6 %	0.32
2009	278.64	(4.2 %)	232.34	(4.5 %)	213.29	(4.0 %)	1.29
Q1 2010	58.34	(5.5 %)	47.75	(3.8 %)	42.51	(8.3 %)	0.26
Q2 2010	133.53	60.0 %	120.46	69.6 %	118.91	79.4 %	0.72
Q3 2010	82.18	25.4 %	69.50	27.8 %	62.81	26.8 %	0.38
Q4 2010	71.89	5.8 %	62.15	8.5 %	59.65	13.7 %	0.36
2010	345.93	24.2 %	299.86	29.1 %	283.88	33.1 %	1.72
Q1 2011	68.12	16.8 %	57.03	19.4 %	48.10	13.2 %	0.29
Q2 2011	146.17	9.5 %	133.66	11.0 %	128.41	8.0 %	0.78
Q3 2011	90.15	9.7 %	79.11	13.8 %	70.69	12.5 %	0.43
Q4 2011	85.01	18.3 %	72.98	17.4 %	75.35	26.3 %	0.46
2011	389.45	12.6 %	342.78	14.3 %	322.55	13.6 %	1.96
Q1 2012	79.41	16.6 %	69.12	21.2 %	62.33	29.6 %	0.38
Q2 2012	154.36	5.6 %	141.41	5.8 %	127.16	(1.0 %)	0.77
Q3 2012	124.77	38.4 %	111.22	40.6 %	103.28	46.1 %	0.63
Q4 2012	96.94	14.0 %	85.19	16.7 %	86.29	14.5 %	0.52
2012	455.47	17.0 %	406.94	18.7 %	379.06	17.5 %	2.30
Q1 2013	83.43	5.1 %	71.14	2.9 %	63.97	2.6 %	0.39
Q2 2013	132.56	(14.1 %)	118.07	(16.5 %)	110.72	(12.9 %)	0.67
Q3 2013	102.59	(17.8 %)	88.54	(20.4 %)	77.54	(24.9 %)	0.47
Q4 2013	96.12	(0.8 %)	79.45	(6.7 %)	71.84	(16.7 %)	0.44
2013	414.70	(9.0 %)	357.19	(12.2 %)	324.07	(14.5 %)	1.97
Q1 2014	78.58	(5.8 %)	64.84	(8.9 %)	58.99	(7.8 %)	0.36
Q2 2014	122.97	(7.2 %)	106.51	(9.8 %)	97.01	(12.4 %)	0.59
Q3 2014	105.54	2.9 %	90.17	1.8 %	84.70	9.2 %	0.51
Q4 2014	107.98	12.3 %	94.00	18.3 %	86.39	20.3 %	0.52
2014	414.89	0.0 %	355.32	(0.5 %)	326.91	0.9 %	1.98
Q1 2015	71.56	(8.9 %)	57.36	(11.5 %)	52.54	(10.9 %)	0.32
Q2 2015	129.46	5.3 %	114.91	7.9 %	106.56	9.8 %	0.65
Q3 2015	103.94	(1.5 %)	88.35	(2.0 %)	82.69	(2.4 %)	0.50
Q4 2015	93.71	(13.2 %)	80.75	(14.1 %)	68.85	(20.3 %)	0.42
2015	398.67	(3.9 %)	341.37	(3.9 %)	310.65	(5.0 %)	1.88

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2006	243.45	13.0 %	182.69	8.9 %	165.42	(7.1 %)	1.00
2007	271.89	11.7 %	224.83	23.1 %	177.00	7.0 %	1.07
2008	290.97	7.0 %	243.39	8.3 %	222.17	25.5 %	1.35
2009	278.64	(4.2 %)	232.34	(4.5 %)	213.29	(4.0 %)	1.29
2010	345.93	24.2 %	299.86	29.1 %	283.88	33.1 %	1.72
2011	389.45	12.6 %	342.78	14.3 %	322.55	13.6 %	1.96
2012	455.47	17.0 %	406.94	18.7 %	379.06	17.5 %	2.30
2013	414.70	(9.0 %)	357.19	(12.2 %)	324.07	(14.5 %)	1.97
2014	414.89	0.0 %	355.32	(0.5 %)	326.91	0.9 %	1.98
2015	398.67	(3.9 %)	341.37	(3.9 %)	310.65	(5.0 %)	1.88

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	66.70 %	72.45 %	60.30 %
Q2 2006	67.92 %	72.65 %	60.97 %
Q3 2006	69.42 %	72.57 %	58.18 %
Q4 2006	67.12 %	76.73 %	63.04 %
2006	75.04 %	87.43 %	67.03 %
Q1 2007	68.72 %	78.67 %	64.32 %
Q2 2007	72.81 %	83.13 %	69.35 %
Q3 2007	73.74 %	86.17 %	74.57 %
Q4 2007	82.69 %	87.15 %	65.10 %
2007	82.69 %	87.15 %	65.10 %
Q1 2008	84.20 %	88.49 %	67.87 %
Q2 2008	83.55 %	87.76 %	65.58 %
Q3 2008	83.45 %	88.57 %	66.43 %
Q4 2008	83.65 %	89.60 %	76.35 %
2008	83.65 %	89.60 %	76.35 %
Q1 2009	83.34 %	89.38 %	76.43 %
Q2 2009	82.05 %	88.82 %	75.50 %
Q3 2009	82.34 %	88.54 %	74.62 %
Q4 2009	83.38 %	89.10 %	77.03 %
2009	83.38 %	89.10 %	76.55 %
Q1 2010	83.72 %	89.12 %	76.59 %
Q2 2010	86.03 %	90.79 %	80.98 %
Q3 2010	86.26 %	90.58 %	80.91 %
Q4 2010	86.68 %	90.61 %	80.65 %
2010	86.68 %	90.61 %	80.64 %
Q1 2011	86.91 %	89.98 %	80.00 %
Q2 2011	87.51 %	90.18 %	79.83 %
Q3 2011	88.21 %	90.81 %	80.23 %
Q4 2011	88.01 %	90.84 %	82.82 %
2011	88.01 %	90.84 %	82.82 %
Q1 2012	88.55 %	91.98 %	84.04 %
Q2 2012	88.67 %	91.04 %	82.05 %
Q3 2012	88.99 %	91.37 %	83.00 %
Q4 2012	89.34 %	91.20 %	83.22 %
2012	89.34 %	91.20 %	83.22 %
Q1 2013	89.00 %	90.34 %	82.85 %
Q2 2013	88.10 %	90.24 %	83.22 %
Q3 2013	87.34 %	89.23 %	81.47 %
Q4 2013	86.13 %	89.42 %	78.15 %
2013	86.13 %	89.42 %	78.15 %
Q1 2014	85.62 %	89.86 %	77.85 %
Q2 2014	84.78 %	89.40 %	76.29 %
Q3 2014	84.56 %	89.94 %	77.51 %
Q4 2014	85.65 %	90.13 %	78.80 %
2014	85.64 %	90.13 %	78.79 %
Q1 2015	85.29 %	89.74 %	78.58 %
Q2 2015	85.98 %	90.35 %	79.65 %
Q3 2015	85.88 %	90.11 %	79.48 %
Q4 2015	85.63 %	88.72 %	77.92 %
2015	85.63 %	88.72 %	77.92 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	75.04 %	87.43 %	67.03 %
2007	82.69 %	87.15 %	65.10 %
2008	83.65 %	89.60 %	76.35 %
2009	83.38 %	89.10 %	76.55 %
2010	86.68 %	90.61 %	80.64 %
2011	88.01 %	90.84 %	82.82 %
2012	89.34 %	91.20 %	83.22 %
2013	86.13 %	89.42 %	78.15 %
2014	85.64 %	90.13 %	78.79 %
2015	85.63 %	88.72 %	77.92 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	58.90 %	68.29 %	52.40 %
Q2 2006	80.23 %	81.68 %	74.57 %
Q3 2006	77.17 %	76.29 %	57.86 %
Q4 2006	22.78 %	74.18 %	55.19 %
Q1 2007	68.37 %	80.23 %	58.63 %
Q2 2007	89.59 %	92.29 %	86.26 %
Q3 2007	82.20 %	86.50 %	75.47 %
Q4 2007	78.98 %	82.57 %	21.39 %
Q1 2008	81.91 %	89.71 %	74.71 %
Q2 2008	88.20 %	90.55 %	81.35 %
Q3 2008	81.74 %	90.27 %	79.52 %
Q4 2008	79.92 %	87.32 %	66.89 %
Q1 2009	80.45 %	88.70 %	75.06 %
Q2 2009	85.11 %	88.97 %	79.44 %
Q3 2009	82.97 %	89.04 %	75.61 %
Q4 2009	84.33 %	89.67 %	77.23 %
Q1 2010	81.86 %	88.77 %	72.87 %
Q2 2010	90.21 %	93.09 %	89.06 %
Q3 2010	84.56 %	88.53 %	76.43 %
Q4 2010	86.46 %	89.85 %	76.15 %
Q1 2011	83.72 %	85.74 %	70.61 %
Q2 2011	91.44 %	93.33 %	87.85 %
Q3 2011	87.75 %	91.31 %	78.41 %
Q4 2011	85.84 %	90.14 %	88.64 %
Q1 2012	87.04 %	92.21 %	78.49 %
Q2 2012	91.61 %	90.78 %	82.38 %
Q3 2012	89.15 %	92.42 %	82.78 %
Q4 2012	87.88 %	89.46 %	89.01 %
Q1 2013	85.26 %	87.45 %	76.68 %
Q2 2013	89.07 %	90.51 %	83.52 %
Q3 2013	86.31 %	88.82 %	75.58 %
Q4 2013	82.66 %	90.28 %	74.74 %
Q1 2014	82.51 %	89.64 %	75.07 %
Q2 2014	86.61 %	89.04 %	78.88 %
Q3 2014	85.43 %	90.89 %	80.25 %
Q4 2014	87.05 %	90.99 %	80.01 %
Q1 2015	80.16 %	87.34 %	73.43 %
Q2 2015	88.76 %	91.05 %	82.31 %
Q3 2015	84.99 %	89.92 %	79.55 %
Q4 2015	86.18 %	85.24 %	73.47 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	164.82	1.07	0.89	19.21
Q2 2006	164.82	1.14	0.95	19.26
Q3 2006	164.82	1.11	0.93	19.15
Q4 2006	164.82	1.05	1.05	18.84
Q1 2007	164.82	1.03	1.03	18.85
Q2 2007	164.82	1.13	1.13	19.55
Q3 2007	164.82	1.13	1.13	18.94
Q4 2007	164.82	1.07	1.07	25.69
Q1 2008	164.82	1.23	1.23	25.04
Q2 2008	164.82	1.16	1.16	22.86
Q3 2008	164.82	1.17	1.17	24.34
Q4 2008	164.82	1.35	1.35	22.50
Q1 2009	164.82	1.34	1.34	22.86
Q2 2009	164.82	1.24	1.24	23.84
Q3 2009	164.82	1.24	1.24	23.55
Q4 2009	164.82	1.30	1.30	22.75
Q1 2010	164.82	1.28	1.28	22.32
Q2 2010	164.82	1.60	1.60	22.67
Q3 2010	164.82	1.68	1.68	22.91
Q4 2010	164.82	1.72	1.69	20.89
Q1 2011	164.82	1.76	1.73	20.26
Q2 2011	164.82	1.81	1.78	20.65
Q3 2011	164.82	1.86	1.83	21.37
Q4 2011	164.82	1.96	1.96	22.74
Q1 2012	164.82	2.04	2.04	22.87
Q2 2012	164.82	2.04	2.04	25.03
Q3 2012	164.82	2.23	2.23	25.14
Q4 2012	164.82	2.30	2.30	28.01
Q1 2013	164.82	2.31	2.31	31.55
Q2 2013	164.82	2.21	2.21	29.66
Q3 2013	164.82	2.05	2.05	30.47
Q4 2013	164.82	1.97	1.97	36.13
Q1 2014	164.82	1.94	1.94	44.54
Q2 2014	164.82	1.85	1.85	42.94
Q3 2014	164.82	1.90	1.90	43.19
Q4 2014	164.82	1.98	1.98	53.81
Q1 2015	164.82	1.95	1.95	58.21
Q2 2015	164.82	2.00	2.00	53.87
Q3 2015	164.82	1.99	1.99	45.37
Q4 2015	164.82	1.88	1.88	39.55

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	164.82	1.00	0.99	18.84
2007	164.82	1.07	1.07	25.69
2008	164.82	1.35	1.35	22.50
2009	164.82	1.29	1.29	22.75
2010	164.82	1.72	1.69	20.89
2011	164.82	1.96	1.96	22.74
2012	164.82	2.30	2.30	28.01
2013	164.82	1.97	1.97	36.13
2014	164.82	1.98	1.98	53.81
2015	164.82	1.88	1.88	39.55

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	More than 50	More than 50	8.55
Q2 2006	More than 50	More than 50	5.23
Q3 2006	More than 50	More than 50	4.86
Q4 2006	37.90	37.90	2.11
Q1 2007	33.59	33.59	1.83
Q2 2007	29.07	29.07	1.68
Q3 2007	33.20	33.20	1.98
Q4 2007	41.44	41.44	1.73
Q1 2008	28.57	28.57	1.41
Q2 2008	34.36	34.36	1.74
Q3 2008	30.32	30.32	1.46
Q4 2008	17.36	17.36	1.04
Q1 2009	19.26	19.26	1.13
Q2 2009	22.72	22.72	1.18
Q3 2009	24.21	24.21	1.28
Q4 2009	20.66	20.66	1.18
Q1 2010	23.22	23.22	1.33
Q2 2010	18.21	18.21	1.28
Q3 2010	17.75	17.75	1.30
Q4 2010	17.48	17.78	1.44
Q1 2011	17.19	17.49	1.49
Q2 2011	17.48	17.77	1.53
Q3 2011	16.81	17.09	1.46
Q4 2011	17.88	17.88	1.54
Q1 2012	18.94	18.94	1.69
Q2 2012	19.35	19.35	1.57
Q3 2012	17.91	17.91	1.59
Q4 2012	17.65	17.65	1.45
Q1 2013	18.18	18.18	1.33
Q2 2013	31.90	31.90	2.38
Q3 2013	32.38	32.38	2.18
Q4 2013	32.80	32.80	1.79
Q1 2014	44.29	44.29	1.93
Q2 2014	42.66	42.66	1.84
Q3 2014	44.52	44.52	1.95
Q4 2014	39.64	39.64	1.46
Q1 2015	More than 50	More than 50	1.75
Q2 2015	45.24	45.24	1.68
Q3 2015	37.47	37.47	1.64
Q4 2015	49.34	49.34	2.35

Period	P/E	Adjusted P/E	Price/book
2006	39.60	40.15	2.11
2007	41.44	41.44	1.73
2008	17.36	17.36	1.04
2009	20.79	20.79	1.18
2010	17.48	17.78	1.44
2011	17.88	17.88	1.54
2012	17.65	17.65	1.45
2013	32.80	32.80	1.79
2014	39.66	39.66	1.46
2015	49.34	49.34	2.35

Business Segments (Million)

Compared With The

Period	Commercial center	Others..	Makkah Hilton hotel	Makkah Hilton Towers
Q3 2012	27.71	1.39	43.23	52.26
Q4 2012	53.45	-	8.28	6.67
Q1 2013	34.75	0.71	20.22	27.76
Q2 2013	36.18	0.71	40.69	54.99
Q3 2013	37.66	0.97	28.53	35.43
Q4 2013	35.73	0.03	26.78	33.59
Q1 2014	36.14	0.74	17.25	24.45
Q2 2014	37.70	0.74	34.83	49.53
Q3 2014	35.69	1.14	29.26	39.46
Q4 2014	38.49	0.34	32.25	36.90
Q1 2015	36.28	0.44	14.29	20.54
Q2 2015	36.50	0.94	42.35	49.67
Q3 2015	35.96	1.26	28.04	38.69
Q4 2015	37.50	0.27	24.86	31.08

Period	Commercial center	Others..	Makkah Hilton hotel	Makkah Hilton Towers
2012	133.34	2.76	156.35	163.03
2013	144.32	2.42	116.20	151.77
2014	148.02	2.96	113.59	150.32
2015	146.24	2.92	109.53	139.98

Financial Ratios

	Current
Market Cap (M Riyal)	16,679.40
Enterprise Value (EV) (M)	16,281.45
Shares Outstanding ((M))	164.82
EPS ( Riyal) (TTM)	2.32
Book Value (BV) ( Riyal)	28.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	45.97
P/E (TTM)	43.61
Price/book	3.57
Return on Average Assets (%) (TTM)	8.5
Return on Average Equity (%) (TTM)	9.1

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Sign In

Search Result

Makkah Construction’s net profit slips 5% in FY15

View other reports

Share Price

Makkah Construction and Development Co. (MCDC)

Financials (M)

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)

Revenue by Business Segment (Latest) 2015 Q4

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Makkah Construction’s net profit slips 5% in FY15

View other reports

Share Price

Makkah Construction and Development Co. (MCDC)

Financials (M)

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) Q4 2015

Revenue by Business Segment (Latest) 2015 Q4

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)