Umm Al-Qura Cement’s net profit more than triples in H1 2019

01/08/2019 Argaam Exclusive

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Umm Al-Qura Cement Co.'s net profit more than tripled year-on-year (YoY) to SAR 33.78 million in H1 2019, due to higher revenue, and lower selling and marketing expenses.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	87.66	109.95	25.4 %
Gross Income	28.24	51.89	83.7 %
Operating Income	21.70	46.23	113.1 %
Net Income	10.37	33.78	225.7 %
Average Shares	55.00	55.00	-
EPS (Riyals)	0.19	0.61	225.7 %

Net profit in Q2 2019 stood at SAR 12.29 million, compared to SAR 199,673, due to higher sales volumes, higher revenue and lower selling and marketing expenses.

On a quarterly basis, net profit decreased 42.85 percent, lower sales volumes and higher general and administrative expenses (G&As).

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	31.12	46.42	49.2 %
Gross Income	7.97	21.55	170.5 %
Operating Income	5.52	18.43	233.9 %
Net Income	0.20	12.29	6043.0 %
Average Shares	55.00	55.00	-
EPS (Riyals)	0.00	0.22	6043.0 %

Item	Q1 2019	Q2 2019	Change‬
Revenues	63.53	46.42	(26.9 %)
Gross Income	30.33	21.55	(28.9 %)
Operating Income	27.81	18.43	(33.7 %)
Net Income	21.50	12.29	(42.8 %)
Average Shares	55.00	55.00	-
EPS (Riyals)	0.39	0.22	(42.8 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	(6.58)	-
Q1 2014	-	-	-	-	(3.42)	-
Q2 2014	-	-	-	-	(3.27)	-
Q3 2014	-	-	-	-	(6.90)	-
Q4 2014	-	-	-	-	(3.72)	-
2014	-	-	-	-	(11.79)	(79.2 %)
Q1 2015	-	-	-	-	(3.65)	(6.5 %)
Q2 2015	-	-	-	-	(3.00)	8.4 %
Q3 2015	-	-	-	-	(3.17)	54.1 %
Q4 2015	-	-	-	-	(5.35)	(43.9 %)
2015	-	-	-	-	(11.03)	6.4 %
Q1 2016	-	-	-	-	(3.52)	3.4 %
Q2 2016	-	-	-	-	(3.87)	(29.2 %)
Q3 2016	0.43	-	0.26	-	(3.91)	(23.4 %)
Q4 2016	39.62	-	11.68	-	7.91	247.9 %
2016	40.05	-	11.94	-	(3.40)	69.2 %
Q1 2017	51.70	-	24.49	-	22.12	728.0 %
Q2 2017	38.91	-	16.55	-	13.99	461.3 %
Q3 2017	44.09	10176.9 %	14.30	5487.1 %	10.62	371.3 %
Q4 2017	58.54	47.8 %	16.54	41.5 %	13.59	71.9 %
2017	193.24	382.6 %	71.87	502.0 %	60.31	1875.4 %
Q1 2018	56.54	9.4 %	20.28	(17.2 %)	16.18	(26.8 %)
Q2 2018	31.12	(20.0 %)	7.97	(51.9 %)	5.52	(60.5 %)
Q3 2018	33.71	(23.5 %)	6.06	(57.7 %)	1.99	(81.3 %)
Q4 2018	43.07	(26.4 %)	14.33	(13.4 %)	11.64	(14.3 %)
2018	164.44	(14.9 %)	48.63	(32.3 %)	35.33	(41.4 %)
Q1 2019	63.53	12.4 %	30.33	49.6 %	27.81	71.8 %
Q2 2019	46.42	49.2 %	21.55	170.5 %	18.43	233.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2009	-	-	-	-	-	-
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	(6.58)	-
2014	-	-	-	-	(11.79)	(79.2 %)
2015	-	-	-	-	(11.03)	6.4 %
2016	40.05	-	11.94	-	(3.40)	69.2 %
2017	193.24	382.6 %	71.87	502.0 %	60.31	1875.4 %
2018	164.44	(14.9 %)	48.63	(32.3 %)	35.33	(41.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	(6.86)	-	(0.12)	-	(6.86)	(0.12)
Q1 2014	(3.42)	-	(0.06)	-	(3.42)	(0.06)
Q2 2014	(11.74)	-	(0.21)	-	(3.27)	(0.06)
Q3 2014	(6.90)	-	(0.13)	-	(6.90)	(0.13)
Q4 2014	(3.72)	-	(0.07)	-	(3.72)	(0.07)
2014	(21.14)	(208.0 %)	(0.38)	-	(12.67)	(0.23)
Q1 2015	(4.72)	(37.8 %)	(0.09)	-	(4.72)	(0.09)
Q2 2015	(7.62)	35.1 %	(0.14)	-	(7.62)	(0.14)
Q3 2015	(1.73)	74.9 %	(0.03)	-	(1.73)	(0.03)
Q4 2015	(10.00)	(169.1 %)	(0.18)	-	(10.00)	(0.18)
2015	(19.15)	9.4 %	(0.35)	-	(19.15)	(0.35)
Q1 2016	(3.65)	22.5 %	(0.07)	-	(3.65)	(0.07)
Q2 2016	(4.35)	42.9 %	(0.08)	-	(4.35)	(0.08)
Q3 2016	(4.28)	(146.8 %)	(0.08)	-	(4.28)	(0.08)
Q4 2016	1.85	118.5 %	0.03	-	5.70	0.10
2016	(10.43)	45.5 %	(0.19)	-	(6.58)	(0.12)
Q1 2017	17.02	565.9 %	0.31	-	17.02	0.31
Q2 2017	8.46	294.5 %	0.15	-	8.46	0.15
Q3 2017	5.11	219.4 %	0.09	-	5.11	0.09
Q4 2017	35.11	1797.9 %	0.64	-	7.01	0.13
2017	65.70	729.9 %	1.19	-	37.60	0.68
Q1 2018	10.17	(40.2 %)	0.18	-	10.17	0.18
Q2 2018	0.20	(97.6 %)	0.00	-	0.20	0.00
Q3 2018	(3.94)	(177.1 %)	(0.07)	-	(3.94)	(0.07)
Q4 2018	3.69	(89.5 %)	0.07	-	3.69	0.07
2018	10.13	(84.6 %)	0.18	-	10.13	0.18
Q1 2019	21.50	111.3 %	0.39	-	21.50	0.39
Q2 2019	12.29	6043.0 %	0.22	-	12.29	0.22

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2009	-	-	-	-	-	-
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	(6.86)	-	(0.12)	-	(6.86)	(0.12)
2014	(21.14)	(208.0 %)	(0.38)	-	(12.67)	(0.23)
2015	(19.15)	9.4 %	(0.35)	-	(19.15)	(0.35)
2016	(10.43)	45.5 %	(0.19)	-	(6.58)	(0.12)
2017	65.70	729.9 %	1.19	-	37.60	0.68
2018	10.13	(84.6 %)	0.18	-	10.13	0.18

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	59.67 %	(3587.65 %)	(5194.17 %)
Q4 2016	29.82 %	27.15 %	(16.43 %)
2016	29.82 %	27.15 %	(16.43 %)
Q1 2017	39.70 %	53.18 %	15.37 %
Q2 2017	40.55 %	60.88 %	20.59 %
Q3 2017	38.45 %	60.77 %	20.82 %
Q4 2017	37.19 %	58.90 %	19.46 %
2017	37.19 %	58.91 %	19.46 %
Q1 2018	34.16 %	54.92 %	15.52 %
Q2 2018	31.05 %	52.58 %	11.82 %
Q3 2018	28.26 %	50.21 %	7.47 %
Q4 2018	29.57 %	53.04 %	6.16 %
2018	29.57 %	53.04 %	6.16 %
Q1 2019	34.23 %	57.65 %	12.51 %
Q2 2019	38.70 %	60.21 %	17.96 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	29.82 %	27.15 %	(16.43 %)
2017	37.19 %	58.91 %	19.46 %
2018	29.57 %	53.04 %	6.16 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	59.67 %	(663.64 %)	(996.97 %)
Q4 2016	29.49 %	52.94 %	14.39 %
Q1 2017	47.36 %	66.66 %	32.93 %
Q2 2017	42.54 %	69.26 %	21.74 %
Q3 2017	32.44 %	53.41 %	11.58 %
Q4 2017	28.25 %	49.31 %	11.97 %
Q1 2018	35.86 %	52.02 %	17.99 %
Q2 2018	25.61 %	58.59 %	0.64 %
Q3 2018	17.97 %	40.99 %	(11.68 %)
Q4 2018	33.26 %	59.81 %	8.57 %
Q1 2019	47.75 %	64.57 %	33.84 %
Q2 2019	46.43 %	68.56 %	26.47 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	55.00	-	-	-
Q2 2014	55.00	-	-	9.59
Q3 2014	55.00	-	-	9.47
Q4 2014	55.00	(0.47)	(0.31)	9.49
Q1 2015	55.00	(0.49)	(0.34)	9.41
Q2 2015	55.00	(0.42)	(0.42)	9.27
Q3 2015	55.00	(0.32)	(0.32)	9.24
Q4 2015	55.00	(0.44)	(0.44)	9.14
Q1 2016	55.00	(0.42)	(0.42)	9.08
Q2 2016	55.00	(0.36)	(0.36)	9.00
Q3 2016	55.00	(0.41)	(0.41)	8.92
Q4 2016	55.00	(0.19)	(0.12)	8.95
Q1 2017	55.00	0.19	0.26	9.26
Q2 2017	55.00	0.42	0.49	9.41
Q3 2017	55.00	0.59	0.66	9.51
Q4 2017	55.00	1.19	0.68	10.15
Q1 2018	55.00	1.07	0.56	10.33
Q2 2018	55.00	0.92	0.41	10.33
Q3 2018	55.00	0.76	0.24	10.26
Q4 2018	55.00	0.18	0.18	10.33
Q1 2019	55.00	0.39	0.39	10.71
Q2 2019	55.00	0.61	0.61	10.94

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	55.00	(0.12)	(0.12)	4.88
2014	55.00	(0.38)	(0.23)	9.49
2015	55.00	(0.35)	(0.35)	9.14
2016	55.00	(0.19)	(0.12)	8.95
2017	55.00	1.19	0.68	10.15
2018	55.00	0.18	0.18	10.33

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	3.56
Q3 2014	-	-	4.89
Q4 2014	NEG	NEG	3.85
Q1 2015	NEG	NEG	4.44
Q2 2015	NEG	NEG	4.26
Q3 2015	NEG	NEG	3.36
Q4 2015	NEG	NEG	2.97
Q1 2016	NEG	NEG	2.76
Q2 2016	NEG	NEG	2.65
Q3 2016	NEG	NEG	1.80
Q4 2016	NEG	NEG	2.00
Q1 2017	More than 100	74.48	2.06
Q2 2017	43.72	37.47	1.95
Q3 2017	28.50	25.48	1.77
Q4 2017	14.07	24.59	1.66
Q1 2018	14.92	28.55	1.54
Q2 2018	15.46	34.78	1.38
Q3 2018	15.33	47.38	1.13
Q4 2018	62.01	62.01	1.11
Q1 2019	30.77	30.77	1.12
Q2 2019	24.47	24.47	1.36

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	NEG	NEG	3.85
2015	NEG	NEG	2.97
2016	NEG	NEG	2.00
2017	14.07	24.59	1.66
2018	62.02	62.02	1.11

Analysts Estimates (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change‬
Average	16.10	12.29	(23.7 %)

Estimates vs Actual (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change
OSOOL AND BAKHEET	16.10	12.29	(23.7) %

Financial Ratios

	Current
Market Cap (M Riyal)	909.70
Enterprise Value (EV) (M)	1,166.71
Shares Outstanding ((M))	55.00
EPS ( Riyal) (TTM)	0.21
Book Value (BV) ( Riyal)	14.19
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	1.17
Return on Average Assets (%) (TTM)	1.0
Return on Average Equity (%) (TTM)	1.5

Umm Al-Qura Cement Co. (UACC)

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Umm Al-Qura Cement’s net profit more than triples in H1 2019

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

Umm Al-Qura Cement Co. (UACC)

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