Al-Baha Investment swings to net profit in nine-months 2015

07/10/2015 Argaam Exclusive

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Al-Baha Investment and Development Co. reported a net profit of SAR 50,200 for the first nine months of 2015, compared to a net loss of SAR 3.1 million in the same period last year, due to lower expenses and its entry into contracting projects.



Financials (M)

Item 9m 2014 9m 2015 Change‬
Operating Income (3.13) 0.05 101.6 %
Net Income (3.22) 0.05 101.6 %
Average Shares 2,511.87 2,511.87 -
EPS (Halala) (0.13) 0.00 101.6 %

 

The company reported a net profit of SAR 6,621 in Q3-2015 compared to a net loss of SAR 855,770 in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2014 Q3 2015 Change‬
Operating Income (0.86) 0.01 100.6 %
Net Income (0.95) 0.01 100.5 %
Average Shares 2,511.87 2,511.87 -
EPS (Halala) (0.04) 0.00 100.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2006 0.66 (11.1 %) 0.28 241.0 % (0.90) (37.6 %)
Q2 2006 0.67 (11.9 %) (0.79) (343.6 %) (1.10) (68.4 %)
Q3 2006 1.19 9.0 % 0.11 (31.1 %) (0.62) (69.4 %)
Q4 2006 0.79 3.3 % (0.23) (16.8 %) (1.53) 14.5 %
Q1 2007 0.65 (2.1 %) 0.30 6.7 % (0.48) 46.9 %
Q2 2007 0.69 2.9 % (0.80) (1.0 %) (2.47) (125.0 %)
Q3 2007 0.43 (64.0 %) (0.50) (542.5 %) (1.89) (204.7 %)
Q4 2007 - - (0.88) (283.8 %) (8.50) (456.9 %)
Q1 2008 - - - - (1.51) (214.8 %)
Q2 2008 - - - - (1.97) 20.3 %
Q3 2008 0.21 (52.3 %) (0.86) (72.4 %) (1.63) 13.7 %
Q4 2008 0.02 - (0.38) 56.9 % (9.78) (15.1 %)
Q1 2009 - - - - (1.27) 16.2 %
Q2 2009 - - - - (1.51) 23.4 %
Q3 2009 0.24 17.6 % (0.72) 16.1 % (0.92) 43.7 %
Q4 2009 - - (0.42) (11.1 %) (1.49) 84.7 %
Q1 2010 - - - - (3.78) (198.2 %)
Q2 2010 - - - - (1.50) 0.3 %
Q3 2010 0.16 (35.3 %) (0.81) (11.9 %) (0.97) (5.2 %)
Q4 2010 - - (0.31) 25.9 % (2.27) (51.9 %)
Q1 2011 - - - - (1.86) 50.8 %
Q2 2011 - - - - (1.60) (6.4 %)
Q3 2011 0.16 3.2 % (1.08) (33.6 %) (3.58) (270.2 %)
Q4 2011 - - (0.29) 5.8 % (1.56) 31.1 %
Q1 2012 - - - - (1.18) 36.5 %
Q2 2012 - - - - (1.46) 9.0 %
Q3 2012 0.11 (34.8 %) (0.82) 24.5 % (1.16) 67.6 %
Q4 2012 - - (0.31) (6.1 %) (1.38) 11.5 %
Q1 2013 - - - - (1.24) (5.3 %)
Q2 2013 - - - - (1.07) 26.8 %
Q3 2013 - - (0.24) 71.0 % (1.05) 9.7 %
Q4 2013 - - - - (6.13) (343.8 %)
Q1 2014 - - - - (1.11) 10.5 %
Q2 2014 - - - - (1.16) (8.9 %)
Q3 2014 - - - - (0.86) 18.4 %
Q4 2014 - - - - (0.88) 85.6 %
Q1 2015 0.41 - 0.15 - 0.04 103.4 %
Q2 2015 0.62 - 0.13 - 0.01 100.6 %
Q3 2015 1.63 - 0.10 - 0.01 100.6 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2006 (0.72) (11.4 %) (0.03) - (0.72) 0.00
Q2 2006 (1.10) (68.4 %) (0.04) - (1.10) 0.00
Q3 2006 (0.62) (69.4 %) (0.02) - (0.62) 0.00
Q4 2006 (1.53) 45.0 % (0.06) - (1.53) 0.00
Q1 2007 (0.48) 34.2 % (0.02) - (0.48) 0.00
Q2 2007 (2.46) (124.2 %) (0.10) - (2.46) 0.00
Q3 2007 (1.97) (216.9 %) (0.08) - (1.97) 0.00
Q4 2007 (8.42) (452.0 %) (0.34) - (8.42) 0.00
Q1 2008 (1.27) (167.4 %) (0.05) - (1.27) 0.00
Q2 2008 (1.94) 21.3 % (0.08) - (1.94) 0.00
Q3 2008 (1.54) 21.5 % (0.06) - (1.54) 0.00
Q4 2008 (10.18) (20.9 %) (0.41) - (10.18) 0.00
Q1 2009 (1.24) 2.8 % (0.05) - (1.24) 0.00
Q2 2009 (1.50) 22.8 % (0.06) - (1.50) 0.00
Q3 2009 (0.91) 40.7 % (0.04) - (0.91) 0.00
Q4 2009 (0.91) 91.0 % (0.04) - (0.91) 0.00
Q1 2010 (3.77) (204.9 %) (0.15) - (3.77) 0.00
Q2 2010 (1.48) 0.9 % (0.06) - (1.48) 0.00
Q3 2010 (0.97) (6.2 %) (0.04) - (0.97) 0.00
Q4 2010 (0.20) 78.0 % (0.01) - (0.20) 0.00
Q1 2011 (1.86) 50.7 % (0.07) - (1.86) 0.00
Q2 2011 (1.60) (7.9 %) (0.06) - (1.60) 0.00
Q3 2011 (3.96) (307.3 %) (0.16) - (3.96) 0.00
Q4 2011 1.67 931.8 % 0.07 - 1.67 0.00
Q1 2012 (1.18) 36.5 % (0.05) - (1.18) 0.00
Q2 2012 (1.46) 8.9 % (0.06) - (1.46) 0.00
Q3 2012 (1.54) 61.2 % (0.06) - (1.54) 0.00
Q4 2012 (1.29) (177.2 %) (0.05) - (1.29) 0.00
Q1 2013 (69.94) (5,832.2 %) (2.78) (68.70) (1.24) 0.00
Q2 2013 (1.07) 26.8 % (0.04) - (1.07) 0.00
Q3 2013 (1.42) 7.3 % (0.06) - (1.42) 0.00
Q4 2013 (5.85) (353.2 %) (0.23) - (5.85) 0.00
Q1 2014 (1.11) 98.4 % (0.04) - (1.11) 0.00
Q2 2014 (1.16) (8.9 %) (0.05) - (1.16) 0.00
Q3 2014 (0.95) 33.4 % (0.04) - (0.95) 0.00
Q4 2014 (0.88) 84.9 % (0.04) - (0.88) 0.00
Q1 2015 0.04 103.4 % 0.00 - 0.04 0.00
Q2 2015 0.01 100.6 % 0.00 - 0.01 0.00
Q3 2015 0.01 100.5 % 0.00 - 0.01 0.00

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 2.17 % 72.67 % (137.92 %)
Q2 2006 (17.08 %) 67.35 % (155.82 %)
Q3 2006 (18.12 %) 65.53 % (158.86 %)
Q4 2006 (18.98 %) 46.81 % (119.89 %)
Q1 2007 (18.48 %) 43.10 % (112.90 %)
Q2 2007 (18.62 %) (16.42 %) (153.41 %)
Q3 2007 (48.24 %) (94.35 %) (252.12 %)
Q4 2007 (106.52 %) (564.99 %) (755.07 %)
Q1 2008 (195.61 %) (990.76 %) (1266.73 %)
Q2 2008 (320.70 %) (2452.56 %) (3162.79 %)
Q3 2008 (849.27 %) (5018.05 %) (6427.80 %)
Q4 2008 (551.56 %) (5142.22 %) (6637.33 %)
Q1 2009 (551.56 %) (5049.78 %) (6621.33 %)
Q2 2009 (551.56 %) (4862.67 %) (6425.33 %)
Q3 2009 (422.22 %) (3934.48 %) (5298.47 %)
Q4 2009 (474.69 %) (838.59 %) (1892.95 %)
Q1 2010 (474.69 %) (1881.74 %) (2944.40 %)
Q2 2010 (474.69 %) (1880.91 %) (2938.59 %)
Q3 2010 (788.46 %) (3073.08 %) (4576.28 %)
Q4 2010 (718.59 %) (3704.49 %) (4119.23 %)
Q1 2011 (718.59 %) (2630.13 %) (2892.95 %)
Q2 2011 (718.59 %) (2837.18 %) (2967.95 %)
Q3 2011 (865.22 %) (4380.75 %) (4729.19 %)
Q4 2011 (854.04 %) (3952.80 %) (3565.84 %)
Q1 2012 (854.04 %) (3526.71 %) (3144.10 %)
Q2 2012 (854.04 %) (3447.20 %) (3055.28 %)
Q3 2012 (1057.14 %) (2997.14 %) (2380.00 %)
Q4 2012 (1074.29 %) (2841.90 %) (5201.90 %)
Q1 2013 (1074.29 %) (2924.76 %) (5261.90 %)
Q2 2013 (1074.29 %) (2573.33 %) (4889.52 %)
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 36.89 % (312.14 %) (717.23 %)
Q2 2015 27.26 % (62.37 %) (173.33 %)
Q3 2015 14.22 % (11.62 %) (31.37 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
Q1 2006 2,511.87 (0.18) (0.18) 0.02
Q2 2006 2,511.87 (0.20) (0.20) 0.02
Q3 2006 2,511.87 (0.21) (0.21) 0.02
Q4 2006 2,511.87 (0.16) (0.16) 0.04
Q1 2007 2,511.87 (0.15) (0.15) 0.04
Q2 2007 2,511.87 (0.20) (0.20) 0.04
Q3 2007 2,511.87 (0.26) (0.26) 0.05
Q4 2007 2,511.87 (0.53) (0.53) 0.05
Q1 2008 2,511.87 (0.56) (0.56) 0.05
Q2 2008 2,511.87 (0.54) (0.54) 0.05
Q3 2008 2,511.87 (0.52) (0.52) 0.05
Q4 2008 2,511.87 (0.59) (0.59) 0.04
Q1 2009 2,511.87 (0.59) (0.59) 0.04
Q2 2009 2,511.87 (0.58) (0.58) 0.04
Q3 2009 2,511.87 (0.55) (0.55) 0.04
Q4 2009 2,511.87 (0.18) (0.18) 0.04
Q1 2010 2,511.87 (0.28) (0.28) 0.04
Q2 2010 2,511.87 (0.28) (0.28) 0.04
Q3 2010 2,511.87 (0.28) (0.28) 0.04
Q4 2010 2,511.87 (0.26) (0.26) 0.04
Q1 2011 2,511.87 (0.18) (0.18) 0.04
Q2 2011 2,511.87 (0.18) (0.18) 0.04
Q3 2011 2,511.87 (0.30) (0.30) 0.03
Q4 2011 2,511.87 (0.23) (0.23) 0.04
Q1 2012 2,511.87 (0.20) (0.20) 0.03
Q2 2012 2,511.87 (0.20) (0.20) 0.03
Q3 2012 2,511.87 (0.10) (0.10) 0.03
Q4 2012 2,511.87 (0.22) (0.22) 0.03
Q1 2013 2,511.87 (2.95) (0.22) 0.01
Q2 2013 2,511.87 (2.94) (0.20) 0.01
Q3 2013 2,511.87 (2.93) (0.20) 0.01
Q4 2013 2,511.87 (3.12) (0.38) 0.00
Q1 2014 2,511.87 (0.38) (0.38) 0.00
Q2 2014 2,511.87 (0.38) (0.38) 0.00
Q3 2014 2,511.87 (0.36) (0.36) 0.00
Q4 2014 2,511.87 (0.16) (0.16) 0.00
Q1 2015 2,511.87 (0.12) (0.12) 0.00
Q2 2015 2,511.87 (0.07) (0.07) 0.00
Q3 2015 2,511.87 (0.03) (0.03) 0.00

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 NEG NEG 28.49
Q2 2006 NEG NEG 37.86
Q3 2006 NEG NEG 132.85
Q4 2006 NEG NEG 11.32
Q1 2007 NEG NEG 13.89
Q2 2007 NEG NEG 14.74
Q3 2007 NEG NEG 11.41
Q4 2007 NEG NEG 10.22
Q1 2008 NEG NEG 5.62
Q2 2008 NEG NEG 5.42
Q3 2008 NEG NEG 3.38
Q4 2008 NEG NEG 3.34
Q1 2009 NEG NEG 3.97
Q2 2009 NEG NEG 7.70
Q3 2009 NEG NEG 6.20
Q4 2009 NEG NEG 6.24
Q1 2010 NEG NEG 6.18
Q2 2010 NEG NEG 5.10
Q3 2010 NEG NEG 4.94
Q4 2010 NEG NEG 4.63
Q1 2011 NEG NEG 5.18
Q2 2011 NEG NEG 5.76
Q3 2011 NEG NEG 7.51
Q4 2011 NEG NEG 6.98
Q1 2012 NEG NEG 9.81
Q2 2012 NEG NEG 6.79
Q3 2012 NEG NEG 7.83
Q4 2012 NEG NEG 7.59
Q1 2013 NEG NEG 29.31
Q2 2013 NEG NEG 31.24
Q3 2013 NEG NEG 34.46
Q4 2013 NEG NEG 59.94
Q1 2014 NEG NEG 69.68
Q2 2014 NEG NEG 83.89
Q3 2014 NEG NEG 100.72
Q4 2014 NEG NEG 123.46
Q1 2015 NEG NEG 122.26
Q2 2015 NEG NEG 122.10
Q3 2015 NEG NEG 121.88

Current
Market Cap (M Riyal) 356.40
Enterprise Value (EV) (M) 364.20
Shares Outstanding ((M)) 2,970.00
EPS (Halala) (TTM) 0.10
Book Value (BV) ( Riyal) 0.07
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.66
Return on Average Assets (%) (TTM) 1.0
Return on Average Equity (%) (TTM) 1.4

Share Price

Al-Baha Investment and Development Co. (ALBAHA)


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