Farm Superstores’ net profit jumps 12% in nine-months 2015

18/10/2015 Argaam Exclusive

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Saudi Marketing Company (Farm Superstores) reported a net profit of SAR 90.9 million for the first nine months of 2015, a 12 percent increase compared to the same period last year, driven by higher sales and new branches.

Financials (M)

Item	9m 2014	9m 2015	Change‬
Revenues	1,290.13	1,417.99	9.9 %
Gross Income	300.43	348.06	15.9 %
Operating Income	84.15	103.21	22.7 %
Net Income	81.37	90.86	11.7 %
Average Shares	45.00	45.00	-
EPS (Riyals)	1.81	2.02	11.7 %

The company, which invests in entertainment centers and general retail, reported a net profit of SAR 29 million in Q3 this year, 17 percent rise from the same quarter last year.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2014	Q3 2015	Change‬
Revenues	409.88	448.70	9.5 %
Gross Income	103.87	120.48	16.0 %
Operating Income	26.69	36.39	36.4 %
Net Income	24.70	28.95	17.2 %
Average Shares	45.00	45.00	-
EPS (Riyals)	0.55	0.64	17.2 %

Item	Q2 2015	Q3 2015	Change‬
Revenues	513.81	448.70	(12.7 %)
Gross Income	123.00	120.48	(2.1 %)
Operating Income	34.21	36.39	6.4 %
Net Income	32.83	28.95	(11.8 %)
Average Shares	45.00	45.00	-
EPS (Riyals)	0.73	0.64	(11.8 %)

Financial results (Million)

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	899.12	-	195.73	-	48.22	-
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	1,025.78	14.1 %	204.37	4.4 %	56.18	16.5 %
Q1 2011	-	-	-	-	-	-
Q2 2011	303.99	-	62.21	-	14.19	-
Q3 2011	330.91	-	68.92	-	14.12	-
Q4 2011	350.17	-	50.81	-	19.08	-
2011	1,253.14	22.2 %	235.73	15.3 %	62.38	11.0 %
Q1 2012	342.36	-	64.04	-	18.76	-
Q2 2012	350.01	15.1 %	78.29	25.8 %	19.20	35.3 %
Q3 2012	384.15	16.1 %	84.23	22.2 %	22.29	57.9 %
Q4 2012	419.14	19.7 %	72.64	43.0 %	12.25	(35.8 %)
2012	1,495.67	19.4 %	299.19	26.9 %	72.49	16.2 %
Q1 2013	391.22	14.3 %	87.02	35.9 %	26.24	39.9 %
Q2 2013	397.65	13.6 %	89.20	13.9 %	21.25	10.7 %
Q3 2013	413.71	7.7 %	89.95	6.8 %	20.31	(8.9 %)
Q4 2013	423.76	1.1 %	87.89	21.0 %	26.43	115.8 %
2013	1,626.34	8.7 %	354.06	18.3 %	94.23	30.0 %
Q1 2014	405.04	3.5 %	93.24	7.2 %	28.10	7.1 %
Q2 2014	475.21	19.5 %	103.31	15.8 %	29.36	38.2 %
Q3 2014	409.88	(0.9 %)	103.87	15.5 %	26.69	31.4 %
Q4 2014	450.89	6.4 %	102.85	17.0 %	28.00	5.9 %
2014	1,740.72	7.0 %	402.98	13.8 %	112.16	19.0 %
Q1 2015	455.49	12.5 %	104.58	12.2 %	32.61	16.0 %
Q2 2015	513.81	8.1 %	123.00	19.1 %	34.21	16.5 %
Q3 2015	448.70	9.5 %	120.48	16.0 %	36.39	36.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	899.12	-	195.73	-	48.22	-
2010	1,025.78	14.1 %	204.37	4.4 %	56.18	16.5 %
2011	1,253.14	22.2 %	235.73	15.3 %	62.38	11.0 %
2012	1,495.67	19.4 %	299.19	26.9 %	72.49	16.2 %
2013	1,626.34	8.7 %	354.06	18.3 %	94.23	30.0 %
2014	1,740.72	7.0 %	402.98	13.8 %	112.16	19.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	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	45.31	-	1.01	-	45.31	1.01
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	56.10	23.8 %	1.25	-	56.10	1.25
Q1 2011	-	-	-	-	-	-
Q2 2011	17.35	-	0.39	-	17.35	0.39
Q3 2011	14.92	-	0.33	-	14.92	0.33
Q4 2011	19.48	-	0.43	-	19.48	0.43
2011	66.57	18.7 %	1.48	-	66.57	1.48
Q1 2012	18.86	-	0.42	-	18.86	0.42
Q2 2012	18.76	8.1 %	0.42	-	18.76	0.42
Q3 2012	23.52	57.7 %	0.52	-	23.52	0.52
Q4 2012	17.63	(9.5 %)	0.39	-	17.63	0.39
2012	78.76	18.3 %	1.75	-	78.76	1.75
Q1 2013	24.68	30.9 %	0.55	-	24.68	0.55
Q2 2013	21.38	14.0 %	0.48	-	21.38	0.48
Q3 2013	22.21	(5.6 %)	0.49	-	22.21	0.49
Q4 2013	26.87	52.4 %	0.60	-	26.87	0.60
2013	95.15	20.8 %	2.11	-	95.15	2.11
Q1 2014	27.54	11.6 %	0.61	-	27.54	0.61
Q2 2014	29.13	36.2 %	0.65	-	29.13	0.65
Q3 2014	24.70	11.2 %	0.55	-	24.70	0.55
Q4 2014	23.11	(14.0 %)	0.51	-	23.11	0.51
2014	104.48	9.8 %	2.32	-	104.48	2.32
Q1 2015	29.08	5.6 %	0.65	-	29.08	0.65
Q2 2015	32.83	12.7 %	0.73	-	32.83	0.73
Q3 2015	28.95	17.2 %	0.64	(3.68)	32.63	0.73

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	45.31	-	1.01	-	45.31	1.01
2010	56.10	23.8 %	1.25	-	56.10	1.25
2011	66.57	18.7 %	1.48	-	66.57	1.48
2012	78.76	18.3 %	1.75	-	78.76	1.75
2013	95.15	20.8 %	2.11	-	95.15	2.11
2014	104.48	9.8 %	2.32	-	104.48	2.32

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	21.77 %	7.23 %	5.04 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	19.92 %	7.73 %	5.47 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	18.81 %	6.93 %	5.31 %
Q1 2012	18.53 %	6.38 %	5.32 %
Q2 2012	19.08 %	6.99 %	5.24 %
Q3 2012	19.44 %	7.31 %	5.65 %
Q4 2012	20.00 %	6.66 %	5.27 %
2012	20.00 %	6.66 %	5.27 %
Q1 2013	20.86 %	6.92 %	5.48 %
Q2 2013	20.92 %	6.91 %	5.48 %
Q3 2013	20.89 %	6.70 %	5.30 %
Q4 2013	21.77 %	7.62 %	5.85 %
2013	21.77 %	7.62 %	5.85 %
Q1 2014	21.97 %	7.70 %	5.98 %
Q2 2014	21.80 %	7.85 %	6.16 %
Q3 2014	22.66 %	8.26 %	6.32 %
Q4 2014	23.16 %	8.27 %	6.00 %
2014	23.15 %	8.27 %	6.00 %
Q1 2015	23.14 %	8.40 %	5.92 %
Q2 2015	23.73 %	8.60 %	6.00 %
Q3 2015	24.13 %	9.07 %	6.29 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	21.77 %	7.23 %	5.04 %
2010	19.92 %	7.73 %	5.47 %
2011	18.81 %	6.93 %	5.31 %
2012	20.00 %	6.66 %	5.27 %
2013	21.77 %	7.62 %	5.85 %
2014	23.15 %	8.27 %	6.00 %

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	20.46 %	-	5.71 %
Q3 2011	20.83 %	6.32 %	4.51 %
Q4 2011	14.51 %	6.71 %	5.56 %
Q1 2012	18.70 %	7.61 %	5.51 %
Q2 2012	22.37 %	7.29 %	5.36 %
Q3 2012	21.93 %	7.62 %	6.12 %
Q4 2012	17.33 %	4.48 %	4.21 %
Q1 2013	22.24 %	8.51 %	6.31 %
Q2 2013	22.43 %	7.20 %	5.38 %
Q3 2013	21.74 %	6.74 %	5.37 %
Q4 2013	20.74 %	8.04 %	6.34 %
Q1 2014	23.02 %	8.82 %	6.80 %
Q2 2014	21.74 %	7.82 %	6.13 %
Q3 2014	25.34 %	8.45 %	6.03 %
Q4 2014	22.81 %	8.08 %	5.12 %
Q1 2015	22.96 %	9.26 %	6.38 %
Q2 2015	23.94 %	8.61 %	6.39 %
Q3 2015	26.85 %	10.39 %	7.27 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	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	45.00	-	-	7.10
Q3 2011	45.00	-	-	7.60
Q4 2011	45.00	-	-	7.73
Q1 2012	45.00	1.57	1.57	8.15
Q2 2012	45.00	1.60	1.60	8.56
Q3 2012	45.00	1.79	1.79	9.09
Q4 2012	45.00	1.75	1.75	9.20
Q1 2013	45.00	1.88	1.88	8.43
Q2 2013	45.00	1.94	1.94	8.90
Q3 2013	45.00	1.91	1.91	9.40
Q4 2013	45.00	2.11	2.11	8.72
Q1 2014	45.00	2.18	2.18	9.33
Q2 2014	45.00	2.35	2.35	9.97
Q3 2014	45.00	2.41	2.41	10.52
Q4 2014	45.00	2.32	2.32	11.04
Q1 2015	45.00	2.36	2.36	11.68
Q2 2015	45.00	2.44	2.44	11.25
Q3 2015	45.00	2.53	2.61	11.89

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	-	-	-	-
2009	45.00	1.01	1.01	5.55
2010	45.00	1.25	1.25	6.38
2011	45.00	1.48	1.48	7.73
2012	45.00	1.75	1.75	9.20
2013	45.00	2.11	2.11	8.72
2014	45.00	2.32	2.32	11.04

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	22.00	22.00	5.14
Q2 2014	27.20	27.20	6.41
Q3 2014	30.58	30.58	6.99
Q4 2014	27.42	27.42	5.77
Q1 2015	24.69	24.69	4.98
Q2 2015	24.25	24.25	5.26
Q3 2015	20.03	19.40	4.27

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	27.42	27.42	5.77

Analysts Estimates (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change‬
Average	29.08	28.95	(0.4 %)

Estimates vs Actual (Million)

Item	Q3 2015 (e)	Q3 2015 (a)	Change
OSOOL AND BAKHEET	28.30	28.95	2.3 %
SFC	28.00	28.95	3.4 %
Alistithmar Capital	30.00	28.95	(3.5) %
Albilad Capital	30.00	28.95	(3.5) %

Financial Ratios

	Current
Market Cap (M Riyal)	1,047.60
Enterprise Value (EV) (M)	1,611.18
Shares Outstanding ((M))	45.00
EPS ( Riyal) (TTM)	0.47
Book Value (BV) ( Riyal)	14.98
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	44.89
P/E (TTM)	49.10
Price/book	1.55
Return on Average Assets (%) (TTM)	0.9
Return on Average Equity (%) (TTM)	3.2

Saudi Marketing Co. (FARM SUPERSTORES)

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Farm Superstores’ net profit jumps 12% in nine-months 2015

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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

Saudi Marketing Co. (FARM SUPERSTORES)

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Farm Superstores’ net profit jumps 12% in nine-months 2015

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

Saudi Marketing Co. (FARM SUPERSTORES)

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