Financial Results : Takween’s net profit falls 82% to SAR 10 mln in nine-months 2015

Takween’s net profit falls 82% to SAR 10 mln in nine-months 2015

14/10/2015 Argaam Exclusive

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Takween Advanced Industries reported a net profit of SAR 10.27 million for the first nine months of 2015, an 81.68 percent drop from SAR 56.08 million in the same period last year. The net profit was hurt by higher selling, general and administrative expenses (SG&A) and finance charges. In addition, foreign currency translation pushed other income lower. 



Financials (M)

Item 9m 2014 9m 2015 Change‬
Revenues 575.62 1,355.82 135.5 %
Gross Income 87.27 160.76 84.2 %
Operating Income 36.18 35.25 (2.6 %)
Net Income 56.08 10.27 (81.7 %)
Average Shares 29.72 29.72 -
EPS (Riyals) 1.89 0.35 (81.7 %)

 

The company recorded a net loss of SAR 2.27 million in Q3 this year, compared to a net profit of SAR 19.45 million in the same quarter last year, due to higher SG&A and finance charges.



Current Quarter Comparison (M)

Compared With The
Item Q3 2014 Q3 2015 Change‬
Revenues 194.64 459.48 136.1 %
Gross Income 35.61 55.72 56.5 %
Operating Income 17.71 17.88 0.9 %
Net Income 19.44 (2.27) (111.7 %)
Average Shares 29.72 29.72 -
EPS (Riyals) 0.65 (0.08) (111.7 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 - - - - - -
Q2 2009 - - - - - -
Q3 2009 - - - - - -
Q4 2009 - - - - - -
Q1 2010 - - - - - -
Q2 2010 - - - - - -
Q3 2010 - - - - - -
Q4 2010 - - - - - -
Q1 2011 150.26 - 26.15 - 17.07 -
Q2 2011 186.64 - 34.17 - 25.37 -
Q3 2011 190.40 - 33.42 - 22.08 -
Q4 2011 166.84 - 35.19 - 25.13 -
Q1 2012 148.90 (0.9 %) 27.08 3.6 % 16.63 (2.6 %)
Q2 2012 177.53 (4.9 %) 33.37 (2.3 %) 22.98 (9.4 %)
Q3 2012 183.00 (3.9 %) 33.41 0.0 % 22.32 1.1 %
Q4 2012 160.23 (4.0 %) 28.80 (18.2 %) 22.83 (9.2 %)
Q1 2013 180.66 21.3 % 30.71 13.4 % 19.94 19.9 %
Q2 2013 193.99 9.3 % 26.22 (21.4 %) 13.38 (41.8 %)
Q3 2013 192.23 5.0 % 26.96 (19.3 %) 14.57 (34.7 %)
Q4 2013 164.14 2.4 % 11.42 (60.3 %) (1.26) (105.5 %)
Q1 2014 173.69 (3.9 %) 22.19 (27.8 %) 7.85 (60.6 %)
Q2 2014 207.29 6.9 % 29.48 12.4 % 10.76 (19.6 %)
Q3 2014 194.64 1.3 % 35.61 32.1 % 17.71 21.5 %
Q4 2014 192.06 17.0 % 32.66 186.0 % 19.10 1622.1 %
Q1 2015 419.32 141.4 % 27.89 25.7 % (21.42) (372.9 %)
Q2 2015 477.02 130.1 % 77.15 161.8 % 38.79 260.4 %
Q3 2015 459.48 136.1 % 55.72 56.5 % 17.88 0.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 - - - - - -
Q2 2009 - - - - - -
Q3 2009 - - - - - -
Q4 2009 - - - - - -
Q1 2010 - - - - - -
Q2 2010 - - - - - -
Q3 2010 - - - - - -
Q4 2010 - - - - - -
Q1 2011 13.12 - 0.44 - 13.12 0.44
Q2 2011 22.06 - 0.74 - 22.06 0.74
Q3 2011 18.11 - 0.61 - 18.11 0.61
Q4 2011 22.87 - 0.77 - 22.87 0.77
Q1 2012 13.36 1.8 % 0.45 - 13.36 0.45
Q2 2012 21.15 (4.1 %) 0.71 - 21.15 0.71
Q3 2012 18.98 4.8 % 0.64 - 18.98 0.64
Q4 2012 21.83 (4.5 %) 0.73 - 21.83 0.73
Q1 2013 18.24 36.5 % 0.61 2.20 16.04 0.54
Q2 2013 16.85 (20.3 %) 0.57 7.30 9.55 0.32
Q3 2013 10.78 (43.2 %) 0.36 4.47 6.31 0.21
Q4 2013 (1.47) (106.7 %) (0.05) 4.97 (6.46) (0.22)
Q1 2014 8.80 (51.8 %) 0.30 4.94 3.86 0.13
Q2 2014 27.85 65.3 % 0.94 22.11 5.74 0.19
Q3 2014 19.44 80.4 % 0.65 11.74 7.70 0.26
Q4 2014 (0.76) 48.3 % (0.03) (19.23) 18.47 0.62
Q1 2015 (15.49) (276.0 %) (0.52) 14.17 (29.65) (1.00)
Q2 2015 28.03 0.7 % 0.94 - 28.03 0.94
Q3 2015 (2.27) (111.7 %) (0.08) - (2.27) (0.08)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 18.57 % 19.57 % 10.97 %
Q1 2012 18.75 % 19.53 % 11.03 %
Q2 2012 18.88 % 19.39 % 11.04 %
Q3 2012 19.08 % 19.64 % 11.29 %
Q4 2012 18.32 % 19.44 % 11.25 %
Q1 2013 18.00 % 19.21 % 11.12 %
Q2 2013 16.60 % 17.47 % 9.25 %
Q3 2013 15.50 % 16.19 % 7.39 %
Q4 2013 13.04 % 12.73 % 3.48 %
Q1 2014 11.99 % 11.21 % 1.83 %
Q2 2014 12.21 % 11.41 % 1.28 %
Q3 2014 13.34 % 12.67 % 1.47 %
Q4 2014 15.62 % 15.46 % 4.66 %
Q1 2015 12.40 % 10.83 % 0.22 %
Q2 2015 13.51 % 12.23 % 1.91 %
Q3 2015 12.50 % 11.18 % 0.94 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 29.72 - - 11.99
Q2 2011 29.72 - - 12.73
Q3 2011 29.72 - - 13.34
Q4 2011 29.72 2.56 2.56 13.10
Q1 2012 29.72 2.57 2.57 13.55
Q2 2012 29.72 2.54 2.54 12.90
Q3 2012 29.72 2.57 2.57 13.54
Q4 2012 29.72 2.53 2.53 14.23
Q1 2013 29.72 2.70 2.62 14.84
Q2 2013 29.72 2.55 2.23 14.90
Q3 2013 29.72 2.28 1.81 15.27
Q4 2013 29.72 1.49 0.86 15.22
Q1 2014 29.72 1.18 0.45 15.46
Q2 2014 29.72 1.55 0.32 15.81
Q3 2014 29.72 1.84 0.36 16.47
Q4 2014 29.72 1.86 1.20 16.44
Q1 2015 29.72 1.04 0.08 15.77
Q2 2015 29.72 1.05 0.83 16.69
Q3 2015 29.72 0.32 0.49 16.57

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 63.46 63.46 12.04
Q2 2012 41.50 41.50 8.17
Q3 2012 49.79 49.79 9.45
Q4 2012 44.76 44.76 7.97
Q1 2013 42.41 43.60 7.71
Q2 2013 48.04 54.91 8.23
Q3 2013 52.26 65.85 7.80
Q4 2013 78.48 More than 100 7.70
Q1 2014 More than 100 More than 100 7.99
Q2 2014 99.03 More than 100 9.68
Q3 2014 92.19 More than 100 10.29
Q4 2014 77.83 More than 100 8.81
Q1 2015 More than 100 More than 100 12.12
Q2 2015 More than 100 More than 100 13.29
Q3 2015 More than 100 More than 100 8.01

Business Segments (Million)

Compared With The
Period Polystyrene cups and lids and other related plastic products Non- woven Fabrics Thumbnail of preset BIT bottles (polyethylene terephthalate)
Q4 2010 41.72 67.54 38.25
Q1 2011 43.06 71.61 35.59
Q2 2011 60.95 73.94 51.74
Q3 2011 69.75 72.86 47.78
Q4 2011 58.65 69.10 39.08
Q1 2012 48.72 67.43 32.75
Q2 2012 67.45 60.71 49.37
Q3 2012 70.66 59.75 52.59
Q4 2012 56.30 62.99 40.93
Q1 2013 64.97 69.86 45.83
Q2 2013 70.83 65.93 57.23
Q3 2013 77.06 67.41 47.76
Q4 2013 68.04 63.45 32.66
Q1 2014 67.35 61.02 45.32
Q2 2014 76.50 79.64 51.15
Q3 2014 65.97 83.05 45.62
Q4 2014 103.83 88.24 -
Q1 2015 325.75 93.57 -
Q2 2015 388.58 88.44 -
Q3 2015 383.72 75.76 -

Analysts Estimates (Million)

Item Q3 2015 (e) Q3 2015 (a) Change‬
Average 29.80 (2.27) (107.6 %)

Estimates vs Actual (Million)

Item Q3 2015 (e) Q3 2015 (a) Change
OSOOL AND BAKHEET 29.80 (2.27) (107.6) %


Financial Ratios
Current
Market Cap (M Riyal) 818.12
Enterprise Value (EV) (M) 1,270.20
Shares Outstanding ((M)) 76.46
EPS ( Riyal) (TTM) (2.38)
Book Value (BV) ( Riyal) 5.78
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.85
Return on Average Assets (%) (TTM) (11.63 )
Return on Average Equity (%) (TTM) (41.64 )
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Share Price

Takween Advanced Industries Co.
10.78
0.08 0.75 %

Takween Advanced Industries Co. (TAKWEEN)

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