Thob Al Aseel posts 28% profit rise in 9M

22/10/2019 Argaam Exclusive

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Thob Al Aseel Co. posted a net profit after zakat and tax of SAR 69.8 million for the first nine months of 2019, a rise of 28.4 percent year-on-year (YoY) due to higher sales and gross profit.

Financials (M)

Item	9m 2018	9m 2019	Change‬
Revenues	301.27	370.96	23.1 %
Gross Income	115.98	140.74	21.3 %
Operating Income	62.73	80.41	28.2 %
Net Income	54.32	69.75	28.4 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.14	0.17	28.4 %

In Q3 2019, the company reported a net profit after zakat and tax of SAR 5.2 million, compared to a net profit of SAR 1.73 million a year earlier. The profit surge was driven by a 30 percent YoY growth in sales amid higher demand for the company’s products.

When compared to the previous quarter, net profit plunged 89.2 percent on lower sales and seasonality factors.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2018	Q3 2019	Change‬
Revenues	61.19	79.65	30.2 %
Gross Income	22.54	29.16	29.4 %
Operating Income	4.40	9.29	111.0 %
Net Income	1.73	5.21	200.9 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.00	0.01	200.9 %

Item	Q2 2019	Q3 2019	Change‬
Revenues	190.14	79.65	(58.1 %)
Gross Income	71.66	29.16	(59.3 %)
Operating Income	52.01	9.29	(82.1 %)
Net Income	48.34	5.21	(89.2 %)
Average Shares	400.00	400.00	-
EPS (Riyals)	0.12	0.01	(89.2 %)

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	409.63	-	136.52	-	110.91	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	389.57	(4.9 %)	124.35	(8.9 %)	97.14	(12.4 %)
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	390.77	0.3 %	119.53	(3.9 %)	88.39	(9.0 %)
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	397.37	1.7 %	129.57	8.4 %	94.15	6.5 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	316.64	(20.3 %)	113.47	(12.4 %)	81.74	(13.2 %)
Q1 2017	188.60	-	70.31	-	40.38	-
Q2 2017	210.08	-	86.89	-	63.66	-
Q3 2017	66.38	-	24.47	-	9.89	-
Q4 2017	104.47	-	37.04	-	12.42	-
2017	569.53	79.9 %	218.72	92.8 %	126.34	54.6 %
Q1 2018	82.47	(56.3 %)	32.33	(54.0 %)	16.56	(59.0 %)
Q2 2018	157.61	(25.0 %)	61.10	(29.7 %)	41.77	(34.4 %)
Q3 2018	61.19	(7.8 %)	22.54	(7.9 %)	4.40	(55.5 %)
Q4 2018	76.10	(27.2 %)	27.37	(26.1 %)	10.24	(17.6 %)
2018	377.37	(33.7 %)	143.35	(34.5 %)	72.97	(42.2 %)
Q1 2019	101.18	22.7 %	39.91	23.4 %	19.11	15.4 %
Q2 2019	190.14	20.6 %	71.66	17.3 %	52.01	24.5 %
Q3 2019	79.65	30.2 %	29.16	29.4 %	9.29	111.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2009	-	-	-	-	-	-
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	409.63	-	136.52	-	110.91	-
2013	389.57	(4.9 %)	124.35	(8.9 %)	97.14	(12.4 %)
2014	390.77	0.3 %	119.53	(3.9 %)	88.39	(9.0 %)
2015	397.37	1.7 %	129.57	8.4 %	94.15	6.5 %
2016	316.64	(20.3 %)	113.47	(12.4 %)	81.74	(13.2 %)
2017	569.53	79.9 %	218.72	92.8 %	126.34	54.6 %
2018	377.37	(33.7 %)	143.35	(34.5 %)	72.97	(42.2 %)

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	104.68	-	6.54	-	104.68	6.54
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	91.21	(12.9 %)	5.70	-	91.21	5.70
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	84.59	(7.3 %)	0.21	-	84.59	0.21
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	87.30	3.2 %	0.22	-	87.30	0.22
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	74.45	(14.7 %)	0.19	-	74.45	0.19
Q1 2017	41.20	-	0.10	-	41.20	0.10
Q2 2017	63.42	-	0.16	-	63.42	0.16
Q3 2017	8.27	-	0.02	-	8.27	0.02
Q4 2017	1.88	-	0.00	-	6.07	0.02
2017	114.76	54.1 %	0.29	-	118.95	0.30
Q1 2018	14.16	(65.6 %)	0.04	-	14.16	0.04
Q2 2018	38.43	(39.4 %)	0.10	-	38.43	0.10
Q3 2018	1.73	(79.1 %)	0.00	-	1.73	0.00
Q4 2018	2.30	22.5 %	0.01	-	5.69	0.01
2018	56.61	(50.7 %)	0.14	-	60.01	0.15
Q1 2019	16.20	14.4 %	0.04	-	16.20	0.04
Q2 2019	48.34	25.8 %	0.12	-	48.34	0.12
Q3 2019	5.21	200.9 %	0.01	-	5.21	0.01

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2009	-	-	-	-	-	-
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	104.68	-	6.54	-	104.68	6.54
2013	91.21	(12.9 %)	5.70	-	91.21	5.70
2014	84.59	(7.3 %)	0.21	-	84.59	0.21
2015	87.30	3.2 %	0.22	-	87.30	0.22
2016	74.45	(14.7 %)	0.19	-	74.45	0.19
2017	114.76	54.1 %	0.29	-	118.95	0.30
2018	56.61	(50.7 %)	0.14	-	60.01	0.15

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	33.33 %	27.30 %	25.56 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	31.92 %	25.18 %	23.41 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	30.59 %	22.85 %	21.65 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	32.61 %	23.97 %	21.97 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	35.83 %	26.11 %	23.51 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	38.40 %	22.72 %	20.89 %
2017	38.40 %	22.72 %	20.89 %
Q1 2018	39.00 %	22.79 %	19.83 %
Q2 2018	37.71 %	20.25 %	16.29 %
Q3 2018	37.71 %	19.16 %	14.88 %
Q4 2018	37.99 %	20.11 %	15.90 %
2018	37.99 %	20.11 %	15.90 %
Q1 2019	38.11 %	20.54 %	15.67 %
Q2 2019	37.68 %	22.02 %	16.79 %
Q3 2019	37.60 %	22.89 %	16.88 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	33.33 %	27.30 %	25.56 %
2013	31.92 %	25.18 %	23.41 %
2014	30.59 %	22.85 %	21.65 %
2015	32.61 %	23.97 %	21.97 %
2016	35.83 %	26.11 %	23.51 %
2017	38.40 %	22.72 %	20.89 %
2018	37.99 %	20.11 %	15.90 %

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	-	-	-
Q1 2017	37.28 %	21.78 %	21.84 %
Q2 2017	41.36 %	30.87 %	30.19 %
Q3 2017	36.87 %	15.90 %	12.46 %
Q4 2017	35.46 %	12.36 %	5.81 %
Q1 2018	39.21 %	20.97 %	17.17 %
Q2 2018	38.77 %	26.95 %	24.38 %
Q3 2018	36.84 %	8.26 %	2.83 %
Q4 2018	35.97 %	14.55 %	7.48 %
Q1 2019	39.45 %	22.47 %	16.01 %
Q2 2019	37.69 %	29.21 %	25.42 %
Q3 2019	36.62 %	16.32 %	6.54 %

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	-	-	-	-
Q1 2017	400.00	-	-	1.32
Q2 2017	400.00	-	-	1.48
Q3 2017	400.00	-	-	1.35
Q4 2017	400.00	0.29	0.30	1.35
Q1 2018	400.00	0.22	0.23	1.39
Q2 2018	400.00	0.16	0.17	1.34
Q3 2018	400.00	0.14	0.15	1.34
Q4 2018	400.00	0.14	0.15	1.27
Q1 2019	400.00	0.15	0.16	1.31
Q2 2019	400.00	0.17	0.18	1.36
Q3 2019	400.00	0.18	0.19	1.29

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	16.00	6.54	6.54	6.73
2013	16.00	5.70	5.70	5.89
2014	400.00	0.21	0.21	0.34
2015	400.00	0.22	0.22	0.37
2016	400.00	0.19	0.19	0.81
2017	400.00	0.29	0.30	1.35
2018	400.00	0.14	0.15	1.27

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	-	-	-
Q2 2017	-	-	1.56
Q3 2017	-	-	1.95
Q4 2017	8.20	7.91	1.74
Q1 2018	10.35	9.88	1.63
Q2 2018	14.64	13.72	1.72
Q3 2018	13.62	12.67	1.43
Q4 2018	10.94	10.32	1.22
Q1 2019	14.50	13.71	1.62
Q2 2019	11.60	11.05	1.47
Q3 2019	14.16	13.52	1.97

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	8.20	7.91	1.74
2018	10.94	10.32	1.22

Business Segments (Million)

Compared With The

Period	Clothing sector	Textiles sector	Eliminations
Q1 2017	170.55	19.95	-
Q2 2017	171.92	36.26	-
Q3 2017	56.93	14.66	(0.45)
Q4 2017	76.79	25.14	-
Q1 2018	60.01	22.46	-
Q2 2018	124.16	33.44	-
Q3 2018	50.54	10.65	-
Q4 2018	55.01	21.09	-
Q1 2019	79.00	22.17	-
Q2 2019	157.71	32.43	-
Q3 2019	63.80	15.85	-

Period	Clothing sector	Textiles sector	Eliminations
2017	474.63	94.89	-
2018	289.72	87.65	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,836.00
Enterprise Value (EV) (M)	1,708.06
Shares Outstanding ((M))	400.00
EPS ( Riyal) (TTM)	0.22
Book Value (BV) ( Riyal)	1.46
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	20.58
P/E (TTM)	20.58
Price/book	3.14
Return on Average Assets (%) (TTM)	12.3
Return on Average Equity (%) (TTM)	15.4

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Thob Al Aseel posts 28% profit rise in 9M

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Thob Al Aseel posts 28% profit rise in 9M

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

Business Segments (Million) Q3 2019

Revenue by Business Segment (Latest) 2019 Q3

Financial Ratios

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Business Segments (Million)