National Education reports 28% profit decline in 12 months
National Company for Learning & Education (NCLE) has reported a 28.01 percent decline year-on-year (YoY) in net earnings to SAR 48.9 million for the FY ending on August 31, 2018.
Financials (M)
Item | 2017 | 2018 | Change |
---|---|---|---|
Revenues | 236.72 | 219.96 | (7.1 %) |
Gross Income | 101.16 | 82.34 | (18.6 %) |
Operating Income | 74.52 | 54.71 | (26.6 %) |
Net Income | 67.89 | 48.87 | (28.0 %) |
Average Shares | 30.00 | 30.00 | - |
EPS (Riyals) | 2.26 | 1.63 | (28.0 %) |
The profit drop was driven by a 5.1 percent fall in revenue. The company also cited higher salaries, increased cost of revenue, in addition to a rise in general and administrative expenses (G&As).
Sales revenue retreated by 5.17 percent YoY to SAR 204.3 million in the same year.
Current Quarter Comparison (M)
Item | Q4 2017 | Q4 2018 | Change |
---|---|---|---|
Revenues | 58.48 | 54.08 | (7.5 %) |
Gross Income | 33.38 | 20.95 | (37.2 %) |
Operating Income | 26.07 | 14.49 | (44.4 %) |
Net Income | 23.74 | 13.59 | (42.7 %) |
Average Shares | 30.00 | 30.00 | - |
EPS (Riyals) | 0.79 | 0.45 | (42.7 %) |
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Share Price
National Company for Learning and Education (NCLE)
Current | |
Market Cap (M Riyal) | 8,797.80 |
Enterprise Value (EV) (M) | 8,698.84 |
Shares Outstanding ((M)) | 43.00 |
EPS ( Riyal) (TTM) | 3.83 |
Book Value (BV) ( Riyal) | 19.35 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | More than 100 |
P/E (TTM) | More than 100 |
Price/book | 10.58 |
Return on Average Assets (%) (TTM) | 11.8 |
Return on Average Equity (%) (TTM) | 21.0 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2018 | 55.47 | (7.2 %) | 20.36 | (12.7 %) | 12.91 | (22.0 %) |
Q2 2018 | 54.00 | (10.6 %) | 18.98 | (14.3 %) | 12.85 | (25.2 %) |
Q3 2018 | 56.41 | (2.9 %) | 22.05 | (1.2 %) | 14.46 | (1.8 %) |
Q4 2018 | 54.08 | (7.5 %) | 20.95 | (37.2 %) | 14.49 | (44.4 %) |
2018 | 219.96 | (7.1 %) | 82.34 | (18.6 %) | 54.71 | (26.6 %) |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2018 | 11.01 | (26.9 %) | 0.37 | - | 11.01 | 0.37 |
Q2 2018 | 11.42 | (27.9 %) | 0.38 | - | 11.42 | 0.38 |
Q3 2018 | 12.86 | (3.1 %) | 0.43 | - | 12.86 | 0.43 |
Q4 2018 | 13.59 | (42.7 %) | 0.45 | - | 13.59 | 0.45 |
2018 | 48.87 | (28.0 %) | 1.63 | - | 48.87 | 1.63 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2018 | 42.25 % | 33.42 % | 27.47 % |
Q2 2018 | 42.05 % | 33.99 % | 26.30 % |
Q3 2018 | 42.24 % | 35.66 % | 26.31 % |
Q4 2018 | 37.43 % | 31.21 % | 22.22 % |
2018 | 37.43 % | 31.21 % | 22.22 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2018 | 30.00 | 2.13 | 2.13 | 11.63 |
Q2 2018 | 30.00 | 1.98 | 1.98 | 11.22 |
Q3 2018 | 30.00 | 1.97 | 1.97 | 11.65 |
Q4 2018 | 30.00 | 1.63 | 1.63 | 11.42 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | 19.90 | 19.90 | 2.84 |
Business Segments (Million)
Q4 2018
Period | EL Rayan School | EL Rowaby School | Al Nozaha school | Qortoba School |
---|---|---|---|---|
Q1 2018 | 18.99 | 17.68 | 14.15 | 0.33 |
Q2 2018 | 17.64 | 18.36 | 14.22 | 0.31 |
Q3 2018 | 17.24 | 20.04 | 14.15 | 0.43 |
Q4 2018 | 18.60 | 17.98 | 13.67 | 0.48 |
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