Electrical Industries’ net profit down 57% to SAR 74.5 mln in FY15

Electrical Industries Co. (EIC) reported a net profit of SAR 74.5 million for the 2015 fiscal year, marking a 56.7 percent year-on-year (YOY) drop, which the company mainly attributed to lower sales and decreasing profit margins.

Financials (M)

Item	2014	2015	Change‬
Revenues	1,046.86	829.24	(20.8 %)
Gross Income	251.64	143.84	(42.8 %)
Operating Income	172.33	72.94	(57.7 %)
Net Income	171.86	70.36	(59.1 %)
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	15.28	6.25	(59.1 %)

The company’s Q4-2015 net profit amounted to SAR 16.2 million; a 72.5 percent plunge compared to SAR 58.9 million in the same quarter in 2014, due to lower selling prices and an increase of SAR 5 million in cost of sales. Profit for the period was 71.6 percent higher when compared to the previous quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2014	Q4 2015	Change‬
Revenues	230.30	240.95	4.6 %
Gross Income	67.16	33.81	(49.7 %)
Operating Income	50.16	12.70	(74.7 %)
Net Income	58.99	12.14	(79.4 %)
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	5.24	1.08	(79.4 %)

Item	Q3 2015	Q4 2015	Change‬
Revenues	191.27	240.95	26.0 %
Gross Income	32.86	33.81	2.9 %
Operating Income	14.23	12.70	(10.7 %)
Net Income	9.47	12.14	28.2 %
Average Shares	1,125.00	1,125.00	-
EPS (Halala)	0.84	1.08	28.2 %

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Share Price

Electrical Industries Co. (EIC)

	Current
Market Cap (M Riyal)	8,100.00
Enterprise Value (EV) (M)	8,317.36
Shares Outstanding ((M))	1,125.00
EPS (Halala) (TTM)	31.70
Book Value (BV) ( Riyal)	0.75
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	20.94
P/E (TTM)	22.71
Price/book	9.59
Return on Average Assets (%) (TTM)	17.7
Return on Average Equity (%) (TTM)	46.6

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	981.41	-	230.82	-	171.10	-
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	962.09	(2.0 %)	199.22	(13.7 %)	131.69	(23.0 %)
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	1,062.70	10.5 %	199.55	0.2 %	122.74	(6.8 %)
Q1 2013	305.08	-	75.09	-	54.71	-
Q2 2013	338.91	-	53.30	-	32.19	-
Q3 2013	269.85	-	44.06	-	26.29	-
Q4 2013	371.41	-	93.81	-	67.98	-
2013	1,285.26	20.9 %	266.26	33.4 %	181.16	47.6 %
Q1 2014	346.75	13.7 %	79.63	6.0 %	55.64	1.7 %
Q2 2014	305.29	(9.9 %)	72.48	36.0 %	50.89	58.1 %
Q3 2014	164.51	(39.0 %)	32.38	(26.5 %)	15.64	(40.5 %)
Q4 2014	230.30	(38.0 %)	67.16	(28.4 %)	50.16	(26.2 %)
2014	1,046.86	(18.5 %)	251.64	(5.5 %)	172.33	(4.9 %)
Q1 2015	200.41	(42.2 %)	39.30	(50.6 %)	22.74	(59.1 %)
Q2 2015	196.60	(35.6 %)	38.45	(47.0 %)	23.49	(53.8 %)
Q3 2015	191.27	16.3 %	32.86	1.5 %	14.23	(9.0 %)
Q4 2015	240.95	4.6 %	33.81	(49.7 %)	12.70	(74.7 %)
2015	829.24	(20.8 %)	143.84	(42.8 %)	72.94	(57.7 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	-	-	-	-	-	-
2010	981.41	-	230.82	-	171.10	-
2011	962.09	(2.0 %)	199.22	(13.7 %)	131.69	(23.0 %)
2012	1,062.70	10.5 %	199.55	0.2 %	122.74	(6.8 %)
2013	1,285.26	20.9 %	266.26	33.4 %	181.16	47.6 %
2014	1,046.86	(18.5 %)	251.64	(5.5 %)	172.33	(4.9 %)
2015	829.24	(20.8 %)	143.84	(42.8 %)	72.94	(57.7 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	151.41	-	13.46	-	151.41	0.13
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	113.70	(24.9 %)	10.11	-	113.70	0.10
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	108.15	(4.9 %)	9.61	-	108.15	0.10
Q1 2013	50.37	-	4.48	-	50.37	0.04
Q2 2013	27.13	-	2.41	-	27.13	0.02
Q3 2013	22.35	-	1.99	-	22.35	0.02
Q4 2013	66.11	-	5.88	-	66.11	0.06
2013	165.96	53.5 %	14.75	-	165.96	0.15
Q1 2014	55.49	10.2 %	4.93	0.71	54.78	0.05
Q2 2014	44.67	64.7 %	3.97	2.28	42.39	0.04
Q3 2014	12.71	(43.1 %)	1.13	(9.26)	21.97	0.02
Q4 2014	58.99	(10.8 %)	5.24	12.90	46.09	0.04
2014	171.86	3.6 %	15.28	6.63	165.23	0.15
Q1 2015	28.79	(48.1 %)	2.56	6.58	22.22	0.02
Q2 2015	19.96	(55.3 %)	1.77	2.96	17.00	0.02
Q3 2015	9.47	(25.5 %)	0.84	(0.27)	9.74	0.01
Q4 2015	12.14	(79.4 %)	1.08	1.50	10.64	0.01
2015	70.36	(59.1 %)	6.25	10.77	59.60	0.05

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	-	-	-	-	-	-
2010	151.41	-	13.46	-	151.41	0.13
2011	113.70	(24.9 %)	10.11	-	113.70	0.10
2012	108.15	(4.9 %)	9.61	-	108.15	0.10
2013	165.96	53.5 %	14.75	-	165.96	0.15
2014	171.86	3.6 %	15.28	6.63	165.23	0.15
2015	70.36	(59.1 %)	6.25	10.77	59.60	0.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	23.52 %	19.00 %	15.43 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	20.71 %	15.30 %	11.82 %
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	18.78 %	12.96 %	10.18 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	20.72 %	15.68 %	12.91 %
2013	20.72 %	15.68 %	12.91 %
Q1 2014	20.41 %	15.37 %	12.84 %
Q2 2014	22.42 %	17.41 %	14.35 %
Q3 2014	23.43 %	17.69 %	15.59 %
Q4 2014	24.04 %	18.85 %	15.78 %
2014	24.04 %	18.85 %	15.78 %
Q1 2015	23.47 %	18.36 %	14.73 %
Q2 2015	22.39 %	17.56 %	13.55 %
Q3 2015	21.72 %	16.86 %	11.61 %
Q4 2015	17.41 %	12.27 %	7.19 %
2015	17.35 %	12.25 %	7.19 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	23.52 %	19.00 %	15.43 %
2011	20.71 %	15.30 %	11.82 %
2012	18.78 %	12.96 %	10.18 %
2013	20.72 %	15.68 %	12.91 %
2014	24.04 %	18.85 %	15.78 %
2015	17.35 %	12.25 %	7.19 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	24.61 %	19.37 %	16.51 %
Q2 2013	15.73 %	10.55 %	8.00 %
Q3 2013	16.33 %	13.83 %	8.28 %
Q4 2013	25.26 %	18.66 %	17.80 %
Q1 2014	22.96 %	17.76 %	15.80 %
Q2 2014	23.74 %	18.67 %	13.89 %
Q3 2014	19.68 %	13.50 %	13.36 %
Q4 2014	29.16 %	24.56 %	20.01 %
Q1 2015	19.61 %	14.74 %	11.09 %
Q2 2015	19.56 %	15.64 %	8.64 %
Q3 2015	17.18 %	11.04 %	5.09 %
Q4 2015	14.03 %	8.46 %	4.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	-	-	-	-
Q4 2009	-	-	-	-
Q1 2010	-	-	-	-
Q2 2010	-	-	-	-
Q3 2010	-	-	-	-
Q4 2010	-	-	-	-
Q1 2011	-	-	-	-
Q2 2011	-	-	-	-
Q3 2011	-	-	-	-
Q4 2011	-	-	-	-
Q1 2012	-	-	-	-
Q2 2012	-	-	-	-
Q3 2012	-	-	-	-
Q4 2012	-	-	-	-
Q1 2013	1,125.00	-	-	0.48
Q2 2013	1,125.00	-	-	0.46
Q3 2013	1,125.00	-	-	0.48
Q4 2013	1,125.00	14.75	14.75	0.48
Q1 2014	1,125.00	15.21	15.14	0.53
Q2 2014	1,125.00	16.77	16.50	0.49
Q3 2014	1,125.00	15.91	16.47	0.50
Q4 2014	1,125.00	15.28	14.69	0.56
Q1 2015	1,125.00	12.90	11.79	0.58
Q2 2015	1,125.00	10.71	9.54	0.54
Q3 2015	1,125.00	10.42	8.45	0.55
Q4 2015	1,125.00	6.25	5.30	0.54

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2006	-	-	-	-
2007	-	-	-	-
2008	-	-	-	-
2009	-	-	-	-
2010	1,125.00	13.46	13.46	0.44
2011	1,125.00	10.11	10.11	0.46
2012	1,125.00	9.61	9.61	0.44
2013	1,125.00	14.75	14.75	0.48
2014	1,125.00	15.28	14.69	0.56
2015	1,125.00	6.25	5.30	0.54

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	14.57	15.16	4.00
Q1 2015	17.70	19.36	3.92
Q2 2015	20.77	23.32	4.12
Q3 2015	15.94	19.65	3.03
Q4 2015	21.69	25.60	2.52

Period	P/E	Adjusted P/E	Price/book
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	14.57	15.16	4.00
2015	21.69	25.60	2.52

Business Segments (Million)

Compared With The

Period	Manufacturing sector	services segment
Q1 2013	293.58	11.50
Q4 2013	353.76	17.65
Q1 2014	330.07	16.68
Q2 2014	290.20	15.09
Q3 2014	149.70	14.82
Q4 2014	208.78	21.52
Q1 2015	179.38	21.03
Q2 2015	182.40	14.20
Q3 2015	181.75	9.53
Q4 2015	221.18	19.77

Period	Manufacturing sector	services segment
2010	942.08	39.33
2011	924.73	37.36
2012	1,013.70	49.00
2013	1,228.52	56.73
2014	978.75	68.11
2015	764.71	64.53

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Electrical Industries’ net profit down 57% to SAR 74.5 mln in FY15

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Electrical Industries Co. (EIC)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (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

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Electrical Industries’ net profit down 57% to SAR 74.5 mln in FY15

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Electrical Industries Co. (EIC)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (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

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Business Segments (Million)