Natural Gas Distribution’s 2021 profit falls 44% to SAR 2.5 mln
31/03/2022
Argaam Exclusive
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Natural Gas Distribution Co.’s net profit after Zakat and tax dropped 44% to SAR 2.5 million, from SAR 4.4 million, due to an increase in the cost of revenues, general & administrative expenses, and financing costs. In addition, other revenues decreased compared to 2020.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 89.25 | 89.59 | 0.4 % |
| Gross Income | 9.55 | 8.43 | (11.7 %) |
| Operating Income | 4.68 | 2.85 | (39.3 %) |
| Net Income | 4.42 | 2.48 | (43.9 %) |
| Average Shares | 5.00 | 5.00 | - |
| EPS (Riyals) | 0.88 | 0.50 | (43.9 %) |
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2020 | H2 2021 | Change |
|---|---|---|---|
| Revenues | 44.76 | 44.66 | (0.2 %) |
| Gross Income | 4.74 | 4.12 | (13.3 %) |
| Operating Income | 2.17 | 1.52 | (29.8 %) |
| Net Income | 1.94 | 1.25 | (35.3 %) |
| Average Shares | 5.00 | 5.00 | - |
| EPS (Riyals) | 0.39 | 0.25 | (35.3 %) |
Total shareholders' equity (without minority interests) amounted to SAR 56.19 million at the end of 2021, compared to SAR 56.28 million in 2020.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 44.93 | 1.0 % | 4.32 | (10.2 %) | 1.32 | (47.4 %) |
| H2 2021 | 44.66 | (0.2 %) | 4.12 | (13.3 %) | 1.52 | (29.8 %) |
| 2021 | 89.59 | 0.4 % | 8.43 | (11.7 %) | 2.85 | (39.3 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2021 | 1.23 | (50.6 %) | 0.25 | - | 1.23 | 0.25 |
| H2 2021 | 1.25 | (35.3 %) | 0.25 | - | 1.25 | 0.25 |
| 2021 | 2.48 | (43.9 %) | 0.50 | - | 2.48 | 0.50 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | 10.10 % | 9.48 % | 3.53 % |
| H2 2021 | 9.41 % | 9.50 % | 2.77 % |
| 2021 | 9.41 % | 9.50 % | 2.77 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2021 | 5.00 | 0.63 | 0.63 | 10.94 |
| H2 2021 | 5.00 | 0.50 | 0.50 | 11.24 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | More than 100 | More than 100 | 10.73 |
| Current | |
| Market Cap (M Riyal) | 320.00 |
| Enterprise Value (EV) (M) | 314.02 |
| Shares Outstanding ((M)) | 5.00 |
| Book Value (BV) ( Riyal) | 11.62 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | More than 100 |
| Price/book | 5.51 |
Share Price
Natural Gas Distribution Co. (NGDC)
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