Financial Results : Al Naqool net profit up 4% to SAR 6.5 mln in 2020

Al Naqool net profit up 4% to SAR 6.5 mln in 2020

21/06/2021 Argaam Exclusive

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Mohammed Hasan Al Naqool Sons Co., which was recently listed on Nomu – Parallel Market, reported a net profit of SAR 6.48 million for 2020, a 3.6% increase, compared to SAR 6.25 million in 2019.



Financials (M)

Item 2019 2020 Change‬
Revenues 34.35 44.84 30.5 %
Gross Income 8.59 10.21 18.8 %
Operating Income 6.32 6.58 4.1 %
Net Income 6.25 6.48 3.6 %
Average Shares 2.90 2.90 -
EPS (Riyals) 2.16 2.23 3.6 %

The company attributed increase in net profit to higher revenue and lower financing charge, despite increase in cost of sales, general and administrative expenses and increased Zakat provision for 2020.



Current Half Annual Comparison (M)

Compared With The
Item H2 2019 H2 2020 Change‬
Revenues 17.60 26.03 47.9 %
Gross Income 5.55 7.39 33.0 %
Operating Income 4.22 5.02 18.8 %
Net Income 3.85 4.96 28.8 %
Average Shares 2.90 2.90 -
EPS (Riyals) 1.33 1.71 28.8 %

Shareholders’ equity, excluding minority interest, stood at SAR 41.02 million as of Dec. 31, 2020, compared to SAR 34.44 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 16.75 - 3.04 - 2.10 -
H2 2019 17.60 - 5.55 - 4.22 -
H1 2020 18.80 12.3 % 2.82 (7.2 %) 1.57 (25.4 %)
H2 2020 26.03 47.9 % 7.39 33.0 % 5.02 18.8 %
2020 44.84 30.5 % 10.21 18.8 % 6.58 4.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 2.40 - 0.83 - 2.40 0.83
H2 2019 3.85 - 1.33 - 3.85 1.33
H1 2020 1.52 (36.8 %) 0.52 - 1.52 0.52
H2 2020 4.96 28.8 % 1.71 - 4.96 1.71
2020 6.48 3.6 % 2.23 - 6.48 2.23

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 25.02 % 28.92 % 18.21 %
H1 2020 23.01 % 25.40 % 14.75 %
H2 2020 22.77 % 22.96 % 14.45 %
2020 22.77 % 22.96 % 14.45 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2011 - - - -
H2 2011 - - - -
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 2.90 - - -
H2 2019 2.90 2.16 2.16 11.88
H1 2020 2.90 1.85 1.85 12.40
H2 2020 2.90 2.23 2.23 14.15

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -


Financial Ratios
Current
Market Cap (M Riyal) 147.32
Enterprise Value (EV) (M) 164.95
Shares Outstanding ((M)) 2.90
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
Price/book 2.94
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Share Price

Mohammed Hasan AlNaqool Sons Co.
50.80
4.25 9.13 %

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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