Al-Omran net profit drops 70% in 9M

28/11/2019 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported a net profit after zakat and tax of SAR 1.6 million for the first 9 months of 2019, a 70% plunge year-on-year (YoY) driven by higher operating and financing expenses.

Financials (M)

Item	9m 2018	9m 2019	Change‬
Revenues	93.93	92.50	(1.5 %)
Gross Income	20.45	15.17	(25.8 %)
Operating Income	7.53	2.79	(63.0 %)
Net Income	5.43	1.63	(70.0 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.53	0.16	(70.0 %)

The company’s net loss after zakat and tax for Q3 2019 stood at SAR 305,447, versus net profit of SAR 781,629, due to fierce competition, and higher operating and financing expenses.

On a sequential basis, the company swung to losses in Q3 2019, versus net profit of SAR 1.19 million in Q2 2019.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2018	Q3 2019	Change‬
Revenues	34.51	31.05	(10.0 %)
Gross Income	6.58	4.64	(29.4 %)
Operating Income	1.92	0.00	(99.9 %)
Net Income	0.78	(0.31)	(139.0 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.08	(0.03)	(139.0 %)

Item	Q2 2019	Q3 2019	Change‬
Revenues	37.85	31.05	(18.0 %)
Gross Income	5.76	4.64	(19.4 %)
Operating Income	1.71	0.00	(99.9 %)
Net Income	1.22	(0.31)	(125.0 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.12	(0.03)	(125.0 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
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	84.48	-	21.78	-	10.37	-	1.02
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	87.05	3.0 %	21.46	(1.5 %)	9.24	(10.9 %)	0.91
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	94.68	8.8 %	20.57	(4.1 %)	7.41	(19.8 %)	0.73
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	118.81	25.5 %	22.63	10.0 %	8.05	8.6 %	0.79
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	22.45	-	6.57	-	2.10	-	0.21
2016	137.09	15.4 %	32.52	43.7 %	16.41	104.0 %	1.61
Q1 2017	26.54	-	6.49	-	2.29	-	0.22
Q2 2017	47.78	-	10.89	-	5.23	-	0.51
Q3 2017	23.82	-	5.47	-	0.98	-	0.10
Q4 2017	24.11	7.4 %	5.45	(17.0 %)	0.40	(80.8 %)	0.04
2017	122.25	(10.8 %)	28.30	(13.0 %)	8.90	(45.8 %)	0.87
Q1 2018	22.59	(14.9 %)	6.32	(2.5 %)	1.72	(24.8 %)	0.17
Q2 2018	37.23	(22.1 %)	7.55	(30.7 %)	2.96	(43.5 %)	0.29
Q3 2018	34.51	44.9 %	6.58	20.2 %	0.78	(20.1 %)	0.08
Q4 2018	22.11	(8.3 %)	2.88	(47.2 %)	(1.74)	(530.0 %)	(0.17)
2018	116.05	(5.1 %)	23.33	(17.6 %)	3.70	(58.4 %)	0.36
Q1 2019	23.60	4.5 %	4.38	(30.8 %)	0.71	(58.7 %)	0.07
Q2 2019	37.85	1.7 %	5.76	(23.7 %)	1.22	(58.6 %)	0.12
Q3 2019	31.05	(10.0 %)	4.64	(29.4 %)	(0.31)	(139.0 %)	(0.03)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	84.48	-	21.78	-	10.37	-	1.02
2013	87.05	3.0 %	21.46	(1.5 %)	9.24	(10.9 %)	0.91
2014	94.68	8.8 %	20.57	(4.1 %)	7.41	(19.8 %)	0.73
2015	118.81	25.5 %	22.63	10.0 %	8.05	8.6 %	0.79
2016	137.09	15.4 %	32.52	43.7 %	16.41	104.0 %	1.61
2017	122.25	(10.8 %)	28.30	(13.0 %)	8.90	(45.8 %)	0.87
2018	116.05	(5.1 %)	23.33	(17.6 %)	3.70	(58.4 %)	0.36

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	25.78 %	16.43 %	12.27 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	24.65 %	14.78 %	10.62 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	21.73 %	11.43 %	7.83 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	19.05 %	10.27 %	6.77 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	23.72 %	14.92 %	11.97 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	24.39 %	12.66 %	8.79 %
Q4 2017	23.15 %	11.41 %	7.28 %
2017	23.15 %	11.41 %	7.28 %
Q1 2018	23.78 %	11.43 %	7.04 %
Q2 2018	23.01 %	10.20 %	5.62 %
Q3 2018	21.87 %	9.55 %	4.95 %
Q4 2018	20.04 %	8.06 %	3.19 %
2018	20.10 %	8.08 %	3.19 %
Q1 2019	18.20 %	6.54 %	2.31 %
Q2 2019	16.59 %	5.11 %	0.83 %
Q3 2019	15.40 %	3.77 %	(0.10 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	25.78 %	16.43 %	12.27 %
2013	24.65 %	14.78 %	10.62 %
2014	21.73 %	11.43 %	7.83 %
2015	19.05 %	10.27 %	6.77 %
2016	23.72 %	14.92 %	11.97 %
2017	23.15 %	11.41 %	7.28 %
2018	20.10 %	8.08 %	3.19 %

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	-	-	-
Q4 2016	29.27 %	13.06 %	9.37 %
Q1 2017	24.44 %	13.10 %	8.61 %
Q2 2017	22.78 %	13.74 %	10.94 %
Q3 2017	22.98 %	9.65 %	4.11 %
Q4 2017	22.61 %	6.68 %	1.68 %
Q1 2018	28.00 %	13.49 %	7.61 %
Q2 2018	20.27 %	10.83 %	7.94 %
Q3 2018	19.07 %	7.60 %	2.27 %
Q4 2018	13.01 %	(1.44 %)	(7.85 %)
Q1 2019	18.54 %	5.73 %	3.01 %
Q2 2019	15.21 %	6.29 %	3.23 %
Q3 2019	14.95 %	2.93 %	(0.98 %)

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	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	10.21	-	-	9.89
Q1 2017	10.21	-	-	10.12
Q2 2017	10.21	-	-	10.63
Q3 2017	10.21	1.04	1.04	10.73
Q4 2017	10.21	0.87	0.87	10.62
Q1 2018	10.21	0.82	0.82	10.79
Q2 2018	10.21	0.59	0.59	11.08
Q3 2018	10.21	0.57	0.57	11.16
Q4 2018	10.21	0.36	0.36	10.41
Q1 2019	10.21	0.27	0.27	10.48
Q2 2019	10.21	0.10	0.10	10.60
Q3 2019	10.21	(0.01)	(0.01)	10.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	10.21	1.02	1.02	10.19
2013	10.21	0.91	0.91	11.09
2014	10.21	0.73	0.73	11.78
2015	10.21	0.79	0.79	11.94
2016	10.21	1.61	1.61	9.89
2017	10.21	0.87	0.87	10.62
2018	10.21	0.36	0.36	10.41

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	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	2.08
Q2 2017	-	-	1.53
Q3 2017	12.56	12.56	1.22
Q4 2017	13.78	13.78	1.13
Q1 2018	13.78	13.78	1.04
Q2 2018	18.99	18.99	1.02
Q3 2018	16.85	16.85	0.87
Q4 2018	37.94	37.94	1.33
Q1 2019	44.26	44.26	1.12
Q2 2019	More than 100	More than 100	1.18
Q3 2019	NEG	NEG	1.23

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	13.78	13.78	1.13
2018	38.16	38.16	1.33

Business Segments (Million)

Compared With The

Period	Industrial development	The commercial sector

Financial Ratios

	Current
Market Cap (M Riyal)	474.60
Enterprise Value (EV) (M)	472.86
Shares Outstanding ((M))	12.00
Book Value (BV) ( Riyal)	13.30
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
Price/book	2.97

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Al-Omran net profit drops 70% in 9M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Al-Omran net profit drops 70% in 9M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) 2019

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Business Segments (Million)