Bawan posts higher net profit at SAR 93.8m in I2 of 2014

30/06/2014 Argaam Exclusive

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Bawan company, operating in the fields of metal products, wood, concrete, and electrical, reported SAR 93.8m net profit at the end of the first half of 2014, compared to SAR 84.4m in the same period last year, as shown in the following table:



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 1,191.42 1,531.95 28.6 %
Gross Income 187.79 220.63 17.5 %
Operating Income 118.33 128.86 8.9 %
Net Income 84.32 93.82 11.3 %
Average Shares 60.00 60.00 -
EPS (Riyals) 1.41 1.56 11.3 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 619.59 758.47 22.4 %
Gross Income 105.23 107.51 2.2 %
Operating Income 68.97 60.40 (12.4 %)
Net Income 43.97 47.10 7.1 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.73 0.79 7.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
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 558.24 - 70.14 - 40.82 -
Q2 2012 531.64 - 64.40 - 35.75 -
Q3 2012 493.18 - 63.94 - 34.36 -
Q4 2012 502.56 - 79.96 - 46.15 -
Q1 2013 571.83 2.4 % 82.56 17.7 % 49.37 21.0 %
Q2 2013 619.59 16.5 % 105.23 63.4 % 68.97 92.9 %
Q3 2013 616.28 25.0 % 112.60 76.1 % 74.52 116.9 %
Q4 2013 640.77 27.5 % 93.20 16.6 % 46.03 (0.3 %)
Q1 2014 773.49 35.3 % 113.12 37.0 % 68.46 38.7 %
Q2 2014 758.47 22.4 % 107.51 2.2 % 60.40 (12.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
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 32.21 - 0.54 - 32.21 0.54
Q2 2012 34.49 - 0.57 - 34.49 0.57
Q3 2012 27.22 - 0.45 - 27.22 0.45
Q4 2012 37.26 - 0.62 - 37.26 0.62
Q1 2013 40.35 25.3 % 0.67 - 40.35 0.67
Q2 2013 43.97 27.5 % 0.73 (12.02) 55.99 0.93
Q3 2013 44.97 65.2 % 0.75 (13.96) 58.93 0.98
Q4 2013 38.90 4.4 % 0.65 11.72 27.18 0.45
Q1 2014 46.72 15.8 % 0.78 (6.23) 52.95 0.88
Q2 2014 47.10 7.1 % 0.79 3.80 43.30 0.72

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 13.35 % 9.27 % 6.29 %
Q1 2013 13.86 % 9.69 % 6.64 %
Q2 2013 15.17 % 10.84 % 7.35 %
Q3 2013 16.46 % 11.90 % 8.33 %
Q4 2013 16.08 % 11.36 % 7.45 %
Q1 2014 16.01 % 11.23 % 7.36 %
Q2 2014 15.29 % 10.41 % 6.54 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
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 60.00 - - 11.07
Q2 2012 60.00 - - 10.36
Q3 2012 60.00 - - 10.12
Q4 2012 60.00 2.19 2.19 10.68
Q1 2013 60.00 2.32 2.32 10.30
Q2 2013 60.00 2.48 2.68 10.73
Q3 2013 60.00 2.78 3.21 11.24
Q4 2013 60.00 2.80 3.04 11.88
Q1 2014 60.00 2.91 3.25 12.68
Q2 2014 60.00 2.96 3.04 12.18

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 18.88 17.40 4.45
Q1 2014 16.90 15.13 3.88
Q2 2014 21.00 20.46 5.10

Business Segments (Million)

Compared With The
Period Electrical products concrete Iron Industry Wood Others
Q1 2013 144.29 49.35 246.91 131.28 -
Q2 2013 162.80 48.42 265.70 142.67 -
Q3 2013 198.54 42.88 228.37 146.49 -
Q4 2013 158.02 42.56 282.14 158.05 -
Q1 2014 214.90 49.87 354.48 154.23 -
Q2 2014 213.59 48.86 330.29 165.73 -

Current
Market Cap (M Riyal) 2,415.00
Enterprise Value (EV) (M) 2,802.79
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 2.15
Book Value (BV) ( Riyal) 15.17
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.19
P/E (TTM) 18.76
Price/book 2.65
Return on Average Assets (%) (TTM) 6.0
Return on Average Equity (%) (TTM) 14.3

Share Price

40.25
(0.20) (0.49 %)

Bawan Co. (BAWAN)


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