Raydan widens 2020 net losses to SAR 83.3 mln
19/04/2021
Argaam Exclusive
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
View other reports
Raydan Food Co. widened net losses after Zakat and tax to SAR 83.3 million in 2020, from SAR 4.8 million a year earlier.
The losses increased on lower sales and other revenue due to the COVID-19 pandemic in addition to higher direct and indirect cost of sales, operating costs, and financing charges.
Financials (M)
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 230.48 | 127.82 | (44.5 %) |
| Gross Income | 19.71 | (12.43) | (163.1 %) |
| Operating Income | (4.66) | (33.91) | (628.1 %) |
| Net Income | (4.78) | (116.76) | (2,343.2 %) |
| Average Shares | 13.92 | 13.92 | - |
| Earnings Per Share before unusual items (Riyals) | (0.34) | (3.14) | (814.0 %) |
| EPS (Riyal) | (0.34) | (8.39) | (2,343.2 %) |
In Q4 2020, the company widened net losses to SAR 29.5 million, compared to net losses of SAR 10.12 million in year-ago period.
Shareholders’ equity, excluding minority interest, fell by 31.5% to SAR 185.879 million in 2020, from SAR 271.385 million a year earlier.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 51.32 | 30.81 | (40.0 %) |
| Gross Income | (1.44) | (6.93) | (380.9 %) |
| Operating Income | (8.46) | (13.19) | (56.0 %) |
| Net Income | (10.14) | (62.93) | (520.5 %) |
| Average Shares | 13.92 | 13.92 | - |
| Earnings Per Share before unusual items (Riyal) | (0.73) | (1.25) | (72.2 %) |
| EPS (Riyal) | (0.73) | (4.52) | (520.5 %) |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2020 | 48.68 | (11.1 %) | 0.08 | (98.8 %) | (5.81) | (871.0 %) |
| Q2 2020 | 23.41 | (62.9 %) | (3.96) | (154.7 %) | (7.86) | (493.5 %) |
| Q3 2020 | 28.17 | (54.1 %) | (1.79) | (124.1 %) | (7.55) | (821.8 %) |
| Q4 2020 | 30.81 | (40.0 %) | (6.93) | (380.9 %) | (13.19) | (56.0 %) |
| 2020 | 127.82 | (44.5 %) | (12.43) | (163.1 %) | (33.91) | (628.1 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2020 | (6.66) | (1037.3 %) | (0.48) | - | (6.66) | (0.48) |
| Q2 2020 | (8.84) | (419.8 %) | (0.64) | - | (8.84) | (0.64) |
| Q3 2020 | (38.33) | (2129.2 %) | (2.75) | (27.61) | (10.73) | (0.77) |
| Q4 2020 | (62.93) | (520.5 %) | (4.52) | (45.47) | (17.46) | (1.25) |
| 2020 | (116.76) | (2,343.2 %) | (8.39) | (73.08) | (43.68) | (3.14) |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2019 | 16.51 % | 12.66 % | 4.39 % |
| Q2 2019 | 13.76 % | 11.00 % | 2.53 % |
| Q3 2019 | 12.09 % | 9.83 % | 0.86 % |
| Q4 2019 | 8.55 % | 8.07 % | (2.07 %) |
| 2019 | 8.55 % | 8.07 % | (2.07 %) |
| Q1 2020 | 5.92 % | 6.15 % | (5.41 %) |
| Q2 2020 | 1.14 % | 1.68 % | (12.85 %) |
| Q3 2020 | (4.69 %) | (2.98 %) | (23.99 %) |
| Q4 2020 | (9.61 %) | (9.20 %) | (33.32 %) |
| 2020 | (9.72 %) | (9.04 %) | (34.17 %) |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2020 | 13.92 | (0.87) | (0.87) | 19.03 |
| Q2 2020 | 13.92 | (1.71) | (1.71) | 18.39 |
| Q3 2020 | 13.92 | (4.60) | (2.61) | 15.64 |
| Q4 2020 | 13.92 | (8.39) | (3.14) | 10.16 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2020 | NEG | NEG | 1.21 |
| Q2 2020 | NEG | NEG | 1.70 |
| Q3 2020 | NEG | NEG | 2.89 |
| Q4 2020 | NEG | NEG | 5.97 |
Business Segments (Million)
Q4 2020
| Period | National meals | Others |
|---|---|---|
| Q1 2020 | 48.68 | - |
| Q2 2020 | 23.41 | - |
| Q3 2020 | 24.90 | - |
| Q4 2020 | 28.77 | - |
| Current | |
| Market Cap (M Riyal) | 224.66 |
| Enterprise Value (EV) (M) | 223.99 |
| Shares Outstanding ((M)) | 15.81 |
| EPS ( Riyal) (TTM) | (4.91) |
| Book Value (BV) ( Riyal) | 4.63 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | Neg |
| P/E (TTM) | NEG |
| Price/book | 3.07 |
| Return on Average Assets (%) (TTM) | (33.96 ) |
| Return on Average Equity (%) (TTM) | (69.42 ) |
| EV/adj EBITDA | (11.00) |
| EV/Revenues | 1.41 |
Share Price
Raydan Food Co. (RAYDAN)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
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.
Comments Analysis: