eXtra’s FY16 net profit falls 96%

18/01/2017 Argaam Exclusive

View other reports

United Electronics Co. (eXtra) posted a 96 percent year-on-year (YoY) drop in net profit for fiscal year 2016 at SAR 2.1 million attributed to higher selling, distribution, and administration expenses and lower income from trading investments.

The electronics retailer also cited a non-recurring payment of SAR 5.2 million for acquisition advice.

Financials (M)

Item	2015	2016	Change‬
Revenues	3,744.79	3,756.67	0.3 %
Gross Income	577.54	589.29	2.0 %
Operating Income	55.14	23.51	(57.4 %)
Net Income	49.18	(2.36)	(104.8 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	0.61	(0.03)	(104.8 %)

Net profit for fourth quarter rose 9 percent YoY to SAR 27.5 million as sales increased, leading to higher gross profit, along with improved margins. Q4 profit more than doubled when compared to the previous quarter due to higher sales.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2015	Q4 2016	Change‬
Revenues	1,273.91	1,387.04	8.9 %
Gross Income	176.00	213.39	21.2 %
Operating Income	12.59	44.13	250.6 %
Net Income	9.07	26.34	190.2 %
Average Shares	80.00	80.00	-
EPS (Riyals)	0.11	0.33	190.2 %

Item	Q3 2016	Q4 2016	Change‬
Revenues	745.45	1,387.04	86.1 %
Gross Income	133.06	213.39	60.4 %
Operating Income	11.94	44.13	269.7 %
Net Income	6.16	26.34	327.5 %
Average Shares	80.00	80.00	-
EPS (Riyals)	0.08	0.33	327.5 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	1,043.58	-	140.25	-	10.38	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	1,262.14	20.9 %	177.67	26.7 %	18.32	76.5 %
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	1,439.86	14.1 %	225.57	27.0 %	40.91	123.3 %
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	455.43	-	80.77	-	24.58	-
Q4 2010	531.23	-	101.02	-	38.72	-
2010	1,778.38	23.5 %	322.09	42.8 %	99.43	143.1 %
Q1 2011	476.68	-	91.62	-	20.16	-
Q2 2011	650.72	-	119.43	-	46.71	-
Q3 2011	610.26	34.0 %	103.99	28.7 %	27.12	10.3 %
Q4 2011	723.86	36.3 %	120.23	19.0 %	41.92	8.3 %
2011	2,461.51	38.4 %	435.27	35.1 %	135.91	36.7 %
Q1 2012	626.03	31.3 %	111.95	22.2 %	24.34	20.7 %
Q2 2012	726.27	11.6 %	131.05	9.7 %	49.66	6.3 %
Q3 2012	698.82	14.5 %	120.95	16.3 %	29.34	8.2 %
Q4 2012	963.92	33.2 %	166.56	38.5 %	60.20	43.6 %
2012	3,015.04	22.5 %	530.51	21.9 %	163.54	20.3 %
Q1 2013	723.40	15.6 %	126.65	13.1 %	26.90	10.5 %
Q2 2013	971.21	33.7 %	160.30	22.3 %	54.90	10.5 %
Q3 2013	778.64	11.4 %	141.10	16.7 %	30.30	3.2 %
Q4 2013	914.43	(5.1 %)	173.54	4.2 %	60.30	0.2 %
2013	3,387.67	12.4 %	601.59	13.4 %	172.35	5.4 %
Q1 2014	807.33	11.6 %	144.84	14.4 %	30.64	13.9 %
Q2 2014	984.29	1.3 %	167.96	4.8 %	56.14	2.3 %
Q3 2014	809.06	3.9 %	144.06	2.1 %	30.30	0.0 %
Q4 2014	1,088.69	19.1 %	163.90	(5.6 %)	8.71	(85.6 %)
2014	3,689.36	8.9 %	620.76	3.2 %	125.79	(27.0 %)
Q1 2015	871.71	8.0 %	134.11	(7.4 %)	17.45	(43.1 %)
Q2 2015	879.50	(10.6 %)	138.51	(17.5 %)	13.12	(76.6 %)
Q3 2015	719.66	(11.0 %)	128.60	(10.7 %)	11.99	(60.4 %)
Q4 2015	1,273.91	17.0 %	176.00	7.4 %	12.59	44.5 %
2015	3,744.79	1.5 %	577.54	(7.0 %)	55.14	(56.2 %)
Q1 2016	742.91	(14.8 %)	97.51	(27.3 %)	(44.71)	(356.3 %)
Q2 2016	881.27	0.2 %	145.33	4.9 %	12.16	(7.3 %)
Q3 2016	745.45	3.6 %	133.06	3.5 %	11.94	(0.4 %)
Q4 2016	1,387.04	8.9 %	213.39	21.2 %	44.13	250.6 %
2016	3,756.67	0.3 %	589.29	2.0 %	23.51	(57.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2007	1,043.58	-	140.25	-	10.38	-
2008	1,262.14	20.9 %	177.67	26.7 %	18.32	76.5 %
2009	1,439.86	14.1 %	225.57	27.0 %	40.91	123.3 %
2010	1,778.38	23.5 %	322.09	42.8 %	99.43	143.1 %
2011	2,461.51	38.4 %	435.27	35.1 %	135.91	36.7 %
2012	3,015.04	22.5 %	530.51	21.9 %	163.54	20.3 %
2013	3,387.67	12.4 %	601.59	13.4 %	172.35	5.4 %
2014	3,689.36	8.9 %	620.76	3.2 %	125.79	(27.0 %)
2015	3,744.79	1.5 %	577.54	(7.0 %)	55.14	(56.2 %)
2016	3,756.67	0.3 %	589.29	2.0 %	23.51	(57.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	0.99	-	0.01	-	0.99	0.01
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	15.75	1496.1 %	0.20	-	15.75	0.20
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	41.05	160.6 %	0.51	-	41.05	0.51
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	24.52	-	0.31	-	24.52	0.31
Q4 2010	37.36	-	0.47	-	37.36	0.47
2010	97.73	138.1 %	1.22	-	97.73	1.22
Q1 2011	19.05	-	0.24	-	19.05	0.24
Q2 2011	45.46	-	0.57	-	45.46	0.57
Q3 2011	26.36	7.5 %	0.33	-	26.36	0.33
Q4 2011	41.21	10.3 %	0.52	-	41.21	0.52
2011	132.08	35.1 %	1.65	-	132.08	1.65
Q1 2012	23.78	24.8 %	0.30	-	23.78	0.30
Q2 2012	48.37	6.4 %	0.60	-	48.37	0.60
Q3 2012	28.37	7.6 %	0.35	-	28.37	0.35
Q4 2012	58.08	40.9 %	0.73	-	58.08	0.73
2012	158.59	20.1 %	1.98	-	158.59	1.98
Q1 2013	26.22	10.3 %	0.33	-	26.22	0.33
Q2 2013	53.30	10.2 %	0.67	-	53.30	0.67
Q3 2013	29.44	3.8 %	0.37	-	29.44	0.37
Q4 2013	58.37	0.5 %	0.73	-	58.37	0.73
2013	167.33	5.5 %	2.09	-	167.33	2.09
Q1 2014	29.25	11.6 %	0.37	-	29.25	0.37
Q2 2014	53.77	0.9 %	0.67	-	53.77	0.67
Q3 2014	29.75	1.0 %	0.37	-	29.75	0.37
Q4 2014	8.28	(85.8 %)	0.10	-	8.28	0.10
2014	121.04	(27.7 %)	1.51	-	121.04	1.51
Q1 2015	16.08	(45.0 %)	0.20	-	16.08	0.20
Q2 2015	11.83	(78.0 %)	0.15	-	11.83	0.15
Q3 2015	12.20	(59.0 %)	0.15	-	12.20	0.15
Q4 2015	9.07	9.7 %	0.11	-	9.07	0.11
2015	49.18	(59.4 %)	0.61	-	49.18	0.61
Q1 2016	(45.89)	(385.4 %)	(0.57)	-	(45.89)	(0.57)
Q2 2016	11.02	(6.8 %)	0.14	-	11.02	0.14
Q3 2016	6.16	(49.5 %)	0.08	(5.20)	11.36	0.14
Q4 2016	26.34	190.2 %	0.33	(15.62)	41.96	0.52
2016	(2.36)	(104.8 %)	(0.03)	(20.82)	18.46	0.23

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2007	0.99	-	0.01	-	0.99	0.01
2008	15.75	1496.1 %	0.20	-	15.75	0.20
2009	41.05	160.6 %	0.51	-	41.05	0.51
2010	97.73	138.1 %	1.22	-	97.73	1.22
2011	132.08	35.1 %	1.65	-	132.08	1.65
2012	158.59	20.1 %	1.98	-	158.59	1.98
2013	167.33	5.5 %	2.09	-	167.33	2.09
2014	121.04	(27.7 %)	1.51	-	121.04	1.51
2015	49.18	(59.4 %)	0.61	-	49.18	0.61
2016	(2.36)	(104.8 %)	(0.03)	(20.82)	18.46	0.23

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	13.44 %	2.48 %	0.09 %
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	14.08 %	2.81 %	1.25 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	15.67 %	4.22 %	2.85 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	18.11 %	6.65 %	5.50 %
Q1 2011	-	-	-
Q2 2011	18.58 %	6.91 %	5.98 %
Q3 2011	18.34 %	6.79 %	5.65 %
Q4 2011	17.68 %	6.42 %	5.37 %
2011	17.68 %	6.42 %	5.37 %
Q1 2012	17.45 %	6.27 %	5.24 %
Q2 2012	17.39 %	6.25 %	5.20 %
Q3 2012	17.45 %	6.19 %	5.11 %
Q4 2012	17.60 %	6.36 %	5.26 %
2012	17.60 %	6.36 %	5.26 %
Q1 2013	17.52 %	6.29 %	5.17 %
Q2 2013	17.11 %	6.06 %	4.94 %
Q3 2013	17.30 %	6.04 %	4.86 %
Q4 2013	17.76 %	6.21 %	4.94 %
2013	17.76 %	6.21 %	4.94 %
Q1 2014	17.85 %	6.24 %	4.91 %
Q2 2014	18.01 %	6.30 %	4.90 %
Q3 2014	17.93 %	6.28 %	4.87 %
Q4 2014	16.83 %	4.60 %	3.28 %
2014	16.83 %	4.60 %	3.28 %
Q1 2015	16.25 %	4.19 %	2.87 %
Q2 2015	15.91 %	3.15 %	1.81 %
Q3 2015	15.88 %	2.72 %	1.36 %
Q4 2015	15.41 %	2.71 %	1.31 %
2015	15.42 %	2.71 %	1.31 %
Q1 2016	14.95 %	1.10 %	(0.35 %)
Q2 2016	15.13 %	1.00 %	(0.38 %)
Q3 2016	15.15 %	1.01 %	(0.40 %)
Q4 2016	15.69 %	1.78 %	0.49 %
2016	15.69 %	1.78 %	0.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	13.44 %	2.48 %	0.09 %
2008	14.08 %	2.81 %	1.25 %
2009	15.67 %	4.22 %	2.85 %
2010	18.11 %	6.65 %	5.50 %
2011	17.68 %	6.42 %	5.37 %
2012	17.60 %	6.36 %	5.26 %
2013	17.76 %	6.21 %	4.94 %
2014	16.83 %	4.60 %	3.28 %
2015	15.42 %	2.71 %	1.31 %
2016	15.69 %	1.78 %	0.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	17.74 %	5.40 %	5.38 %
Q4 2010	19.02 %	8.28 %	7.03 %
Q1 2011	19.22 %	5.32 %	4.00 %
Q2 2011	18.35 %	8.02 %	6.99 %
Q3 2011	17.04 %	5.34 %	4.32 %
Q4 2011	16.61 %	6.61 %	5.69 %
Q1 2012	17.88 %	4.97 %	3.80 %
Q2 2012	18.04 %	7.77 %	6.66 %
Q3 2012	17.31 %	5.22 %	4.06 %
Q4 2012	17.28 %	7.02 %	6.03 %
Q1 2013	17.51 %	4.88 %	3.62 %
Q2 2013	16.51 %	6.60 %	5.49 %
Q3 2013	18.12 %	5.20 %	3.78 %
Q4 2013	18.98 %	7.72 %	6.38 %
Q1 2014	17.94 %	5.12 %	3.62 %
Q2 2014	17.06 %	6.83 %	5.46 %
Q3 2014	17.81 %	5.14 %	3.68 %
Q4 2014	15.05 %	1.80 %	0.76 %
Q1 2015	15.38 %	3.32 %	1.84 %
Q2 2015	15.75 %	2.81 %	1.34 %
Q3 2015	17.87 %	3.27 %	1.70 %
Q4 2015	13.82 %	1.91 %	0.71 %
Q1 2016	13.13 %	(4.41 %)	(6.18 %)
Q2 2016	16.49 %	2.38 %	1.25 %
Q3 2016	17.85 %	3.23 %	1.52 %
Q4 2016	15.38 %	3.94 %	3.02 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	80.00	-	-	2.57
Q4 2010	80.00	-	-	3.04
Q1 2011	80.00	-	-	3.28
Q2 2011	80.00	1.58	1.58	3.85
Q3 2011	80.00	1.60	1.60	4.18
Q4 2011	80.00	1.65	1.65	4.69
Q1 2012	80.00	1.71	1.71	4.22
Q2 2012	80.00	1.75	1.75	4.83
Q3 2012	80.00	1.77	1.77	5.18
Q4 2012	80.00	1.98	1.98	5.91
Q1 2013	80.00	2.01	2.01	6.23
Q2 2013	80.00	2.07	2.07	6.13
Q3 2013	80.00	2.09	2.09	6.03
Q4 2013	80.00	2.09	2.09	6.10
Q1 2014	80.00	2.13	2.13	6.47
Q2 2014	80.00	2.14	2.14	6.74
Q3 2014	80.00	2.14	2.14	6.74
Q4 2014	80.00	1.51	1.51	6.47
Q1 2015	80.00	1.35	1.35	6.67
Q2 2015	80.00	0.82	0.82	6.61
Q3 2015	80.00	0.60	0.60	6.53
Q4 2015	80.00	0.61	0.61	6.65
Q1 2016	80.00	(0.16)	(0.16)	6.09
Q2 2016	80.00	(0.17)	(0.17)	6.22
Q3 2016	80.00	(0.25)	(0.18)	6.31
Q4 2016	80.00	(0.03)	0.23	6.60

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	80.00	0.01	0.01	0.42
2008	80.00	0.20	0.20	1.31
2009	80.00	0.51	0.51	1.82
2010	80.00	1.22	1.22	3.04
2011	80.00	1.65	1.65	4.69
2012	80.00	1.98	1.98	5.91
2013	80.00	2.09	2.09	6.10
2014	80.00	1.51	1.51	6.47
2015	80.00	0.61	0.61	6.65
2016	80.00	(0.03)	0.23	6.60

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	13.96	13.96	4.91
Q1 2012	16.05	16.05	6.50
Q2 2012	14.82	14.82	5.36
Q3 2012	15.79	15.79	5.40
Q4 2012	15.62	15.62	5.24
Q1 2013	18.05	18.05	5.83
Q2 2013	17.58	17.58	5.95
Q3 2013	21.35	21.35	7.40
Q4 2013	17.61	17.61	6.04
Q1 2014	20.14	20.14	6.63
Q2 2014	21.37	21.37	6.77
Q3 2014	20.58	20.58	6.53
Q4 2014	19.84	19.84	4.64
Q1 2015	26.44	26.44	5.35
Q2 2015	45.96	45.96	5.73
Q3 2015	34.06	34.06	3.15
Q4 2015	29.17	29.17	2.70
Q1 2016	NEG	NEG	1.91
Q2 2016	NEG	NEG	1.89
Q3 2016	NEG	NEG	1.28
Q4 2016	NEG	51.15	1.79

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	13.96	13.96	4.91
2012	15.62	15.62	5.24
2013	17.61	17.61	6.04
2014	19.84	19.84	4.64
2015	29.17	29.17	2.70
2016	NEG	51.15	1.79

Analysts Estimates (Million)

Item	Q4 2016 (e)	Q4 2016 (a)	Change‬
Average	10.13	26.34	159.90 %

Estimates vs Actual (Million)

Item	Q4 2016 (e)	Q4 2016 (a)	Change
Albilad Capital	18.00	26.34	46.3 %
SNB Capital	6.40	26.34	311.5 %
Al Rajhi Capital	6.00	26.34	339.0 %

Financial Ratios

	Current
Market Cap (M Riyal)	7,680.00
Enterprise Value (EV) (M)	8,914.89
Shares Outstanding ((M))	80.00
EPS ( Riyal) (TTM)	6.04
Book Value (BV) ( Riyal)	16.97
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	16.46
P/E (TTM)	15.90
Price/book	5.66
Return on Average Assets (%) (TTM)	10.6
Return on Average Equity (%) (TTM)	38.7

United Electronics Co. (EXTRA)

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.

eXtra’s FY16 net profit falls 96%

View other reports

Financials (M)

Current Quarter Comparison (M)

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United Electronics Co. (EXTRA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

eXtra’s FY16 net profit falls 96%

View other reports

Financials (M)

Current Quarter Comparison (M)

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

United Electronics Co. (EXTRA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}