Al Hokair Group’s net profit tumbles 74% in 9M 2017

23/10/2017 Argaam Exclusive

View other reports

Share Price

Abdulmohsen Alhokair Group for Tourism and Development (ALHOKAIR GROUP)

Abdulmohsen Al Hokair group for Tourism and Development Co.’s net profit plunged 73.8 percent year-on-year (YoY) to SAR 31.8 million in the first nine months of 2017. The drop was attributed to lower corporate and retail demand for hotel rooms, amid lower spending by the government and private sector.

Increased market competition and lower profit from associates also weighed on 9M earnings.

Financials (M)

Item	9m 2016	9m 2017	Change‬
Revenues	914.57	863.79	(5.6 %)
Gross Income	312.22	221.62	(29.0 %)
Operating Income	114.88	23.86	(79.2 %)
Net Income	121.46	31.83	(73.8 %)
Average Shares	226.54	226.54	-
EPS (Riyals)	0.54	0.14	(73.8 %)

Q3 net profit slumped 84 percent YoY to SAR 9 million, hurt by lower demand for hotel rooms and a decline in revenue due to seasonality in the entertainment division.

Compared to the previous quarter, Q3 profit came in 39 percent lower.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2016	Q3 2017	Change‬
Revenues	336.89	316.08	(6.2 %)
Gross Income	123.75	79.58	(35.7 %)
Operating Income	57.19	7.25	(87.3 %)
Net Income	55.80	9.00	(83.9 %)
Average Shares	226.54	226.54	-
EPS (Riyals)	0.25	0.04	(83.9 %)

Item	Q2 2017	Q3 2017	Change‬
Revenues	289.40	316.08	9.2 %
Gross Income	77.59	79.58	2.6 %
Operating Income	10.72	7.25	(32.4 %)
Net Income	14.83	9.00	(39.3 %)
Average Shares	226.54	226.54	-
EPS (Riyals)	0.07	0.04	(39.3 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	649.04	-	228.42	-	139.13	-	0.61
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	722.59	11.3 %	275.74	20.7 %	175.78	26.3 %	0.78
Q1 2012	184.33	-	75.34	-	49.82	-	0.22
Q2 2012	199.62	-	82.19	-	53.21	-	0.23
Q3 2012	193.78	-	73.93	-	47.01	-	0.21
Q4 2012	192.62	-	64.59	-	29.92	-	0.13
2012	770.35	6.6 %	294.93	7.0 %	178.85	1.7 %	0.79
Q1 2013	218.12	18.3 %	83.27	10.5 %	47.79	(4.1 %)	0.21
Q2 2013	231.99	16.2 %	89.12	8.4 %	54.24	1.9 %	0.24
Q3 2013	217.19	12.1 %	69.53	(6.0 %)	32.55	(30.8 %)	0.14
Q4 2013	212.90	10.5 %	84.28	30.5 %	60.91	103.6 %	0.27
2013	880.06	14.2 %	325.86	10.5 %	195.65	9.4 %	0.86
Q1 2014	232.60	6.6 %	90.43	8.6 %	52.06	8.9 %	0.23
Q2 2014	241.06	3.9 %	88.93	(0.2 %)	51.61	(4.8 %)	0.23
Q3 2014	245.49	13.0 %	90.59	30.3 %	42.58	30.8 %	0.19
Q4 2014	232.47	9.2 %	86.37	2.5 %	50.24	(17.5 %)	0.22
2014	951.62	8.1 %	356.31	9.3 %	196.49	0.4 %	0.87
Q1 2015	278.05	19.5 %	113.50	25.5 %	57.60	10.6 %	0.25
Q2 2015	275.62	14.3 %	97.93	10.1 %	43.08	(16.5 %)	0.19
Q3 2015	316.63	29.0 %	118.98	31.3 %	57.20	34.3 %	0.25
Q4 2015	275.59	18.5 %	91.39	5.8 %	31.90	(36.5 %)	0.14
2015	1,145.90	20.4 %	421.80	18.4 %	189.78	(3.4 %)	0.84
Q1 2016	297.81	7.1 %	106.25	(6.4 %)	49.16	(14.7 %)	0.22
Q2 2016	279.87	1.5 %	82.22	(16.0 %)	16.50	(61.7 %)	0.07
Q3 2016	336.89	6.4 %	123.75	4.0 %	55.80	(2.5 %)	0.25
Q4 2016	258.96	(6.0 %)	61.95	(32.2 %)	4.85	(84.8 %)	0.02
2016	1,173.53	2.4 %	374.16	(11.3 %)	126.31	(33.4 %)	0.56
Q1 2017	258.31	(13.3 %)	64.45	(39.3 %)	7.99	(83.7 %)	0.04
Q2 2017	289.40	3.4 %	77.59	(5.6 %)	14.83	(10.1 %)	0.07
Q3 2017	316.08	(6.2 %)	79.58	(35.7 %)	9.00	(83.9 %)	0.04

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	649.04	-	228.42	-	139.13	-	0.61
2011	722.59	11.3 %	275.74	20.7 %	175.78	26.3 %	0.78
2012	770.35	6.6 %	294.93	7.0 %	178.85	1.7 %	0.79
2013	880.06	14.2 %	325.86	10.5 %	195.65	9.4 %	0.86
2014	951.62	8.1 %	356.31	9.3 %	196.49	0.4 %	0.87
2015	1,145.90	20.4 %	421.80	18.4 %	189.78	(3.4 %)	0.84
2016	1,173.53	2.4 %	374.16	(11.3 %)	126.31	(33.4 %)	0.56

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	35.19 %	31.41 %	19.88 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	38.16 %	34.38 %	24.33 %
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	38.43 %	32.12 %	23.36 %
2012	38.29 %	31.98 %	23.22 %
Q1 2013	37.80 %	30.93 %	22.13 %
Q2 2013	37.17 %	30.50 %	21.39 %
Q3 2013	35.64 %	28.73 %	19.13 %
Q4 2013	37.06 %	30.45 %	21.67 %
2013	37.03 %	30.42 %	21.70 %
Q1 2014	37.26 %	30.38 %	21.80 %
Q2 2014	36.86 %	29.92 %	21.29 %
Q3 2014	38.00 %	30.38 %	21.72 %
Q4 2014	37.44 %	30.06 %	20.65 %
2014	37.44 %	30.06 %	20.65 %
Q1 2015	38.05 %	29.92 %	20.26 %
Q2 2015	37.65 %	28.14 %	18.76 %
Q3 2015	37.79 %	28.23 %	18.87 %
Q4 2015	36.81 %	25.81 %	16.56 %
2015	36.81 %	25.81 %	16.56 %
Q1 2016	35.56 %	25.04 %	15.56 %
Q2 2016	34.09 %	23.40 %	13.23 %
Q3 2016	33.91 %	23.53 %	12.89 %
Q4 2016	31.88 %	22.41 %	10.76 %
2016	31.88 %	22.41 %	10.76 %
Q1 2017	29.31 %	20.02 %	7.51 %
Q2 2017	28.66 %	19.98 %	7.30 %
Q3 2017	25.26 %	16.11 %	3.27 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	35.19 %	31.41 %	19.88 %
2011	38.16 %	34.38 %	24.33 %
2012	38.29 %	31.98 %	23.22 %
2013	37.03 %	30.42 %	21.70 %
2014	37.44 %	30.06 %	20.65 %
2015	36.81 %	25.81 %	16.56 %
2016	31.88 %	22.41 %	10.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	40.87 %	35.88 %	27.03 %
Q2 2012	41.17 %	34.12 %	26.65 %
Q3 2012	38.15 %	31.85 %	24.26 %
Q4 2012	33.53 %	26.72 %	15.53 %
Q1 2013	38.18 %	30.91 %	21.91 %
Q2 2013	38.42 %	32.12 %	23.38 %
Q3 2013	32.01 %	24.71 %	14.99 %
Q4 2013	39.59 %	34.01 %	26.39 %
Q1 2014	38.88 %	30.60 %	22.38 %
Q2 2014	36.89 %	30.35 %	21.41 %
Q3 2014	36.90 %	27.06 %	17.35 %
Q4 2014	37.15 %	32.40 %	21.61 %
Q1 2015	40.82 %	29.99 %	20.72 %
Q2 2015	35.53 %	23.64 %	15.63 %
Q3 2015	37.58 %	27.59 %	18.07 %
Q4 2015	33.16 %	21.71 %	11.58 %
Q1 2016	35.68 %	26.68 %	16.51 %
Q2 2016	29.38 %	16.82 %	5.90 %
Q3 2016	36.73 %	27.80 %	16.56 %
Q4 2016	23.92 %	16.51 %	1.87 %
Q1 2017	24.95 %	16.84 %	3.09 %
Q2 2017	26.81 %	16.78 %	5.13 %
Q3 2017	25.18 %	14.58 %	2.85 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	226.54	-	-	3.83
Q2 2012	226.54	-	-	2.54
Q3 2012	226.54	-	-	2.74
Q4 2012	226.54	0.79	0.79	2.48
Q1 2013	226.54	0.79	0.79	2.70
Q2 2013	226.54	0.79	0.79	2.94
Q3 2013	226.54	0.73	0.73	3.08
Q4 2013	226.54	0.86	0.84	3.35
Q1 2014	226.54	0.88	0.86	3.27
Q2 2014	226.54	0.87	0.85	3.20
Q3 2014	226.54	0.91	0.89	3.08
Q4 2014	226.54	0.87	0.87	3.13
Q1 2015	226.54	0.89	0.89	3.39
Q2 2015	226.54	0.85	0.85	3.27
Q3 2015	226.54	0.92	0.92	3.53
Q4 2015	226.54	0.84	0.84	3.36
Q1 2016	226.54	0.80	0.80	2.95
Q2 2016	226.54	0.68	0.68	3.02
Q3 2016	226.54	0.68	0.68	3.11
Q4 2016	226.54	0.56	0.56	3.08
Q1 2017	226.54	0.38	0.38	3.07
Q2 2017	226.54	0.37	0.37	3.13
Q3 2017	226.54	0.16	0.16	3.17

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	-	-	-	-
2008	-	-	-	-
2009	-	-	-	-
2010	226.54	0.61	0.57	2.87
2011	226.54	0.78	0.78	3.65
2012	226.54	0.79	0.79	2.48
2013	226.54	0.86	0.84	3.35
2014	226.54	0.87	0.87	3.13
2015	226.54	0.84	0.84	3.36
2016	226.54	0.56	0.56	3.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	23.07	23.63	6.27
Q3 2014	28.78	29.46	8.54
Q4 2014	20.68	20.68	5.73
Q1 2015	24.39	24.39	6.42
Q2 2015	29.97	29.97	7.82
Q3 2015	22.79	22.79	5.94
Q4 2015	23.77	23.77	5.92
Q1 2016	16.51	16.51	4.47
Q2 2016	17.99	17.99	4.07
Q3 2016	10.59	10.59	2.30
Q4 2016	20.76	20.76	3.75
Q1 2017	25.78	25.78	3.15
Q2 2017	24.63	24.63	2.90
Q3 2017	59.10	59.10	3.02

Period	P/E	Adjusted P/E	Price/book
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	20.68	20.68	5.73
2015	23.77	23.77	5.92
2016	20.76	20.76	3.75

Business Segments (Million)

Compared With The

Period	Hotels sector	Recreational centers sector	Other sectors	Disposals
Q1 2012	115.48	65.86	3.69	(0.69)
Q2 2012	130.73	65.52	4.20	(0.83)
Q3 2012	110.73	78.08	5.71	(0.74)
Q4 2012	126.00	62.92	3.46	0.24
Q1 2013	137.98	76.11	4.77	(0.74)
Q2 2013	151.69	76.30	4.76	(0.75)
Q3 2013	127.96	84.80	5.05	(0.76)
Q4 2013	135.45	73.43	4.97	(0.94)
Q1 2014	147.82	80.21	5.37	(0.80)
Q2 2014	158.09	78.81	4.94	(0.79)
Q3 2014	142.08	98.68	5.57	(0.84)
Q4 2014	144.34	83.69	5.28	(0.83)
Q1 2015	169.23	104.03	5.50	(0.70)
Q2 2015	177.58	93.11	5.58	(0.64)
Q3 2015	178.24	133.24	5.82	(0.67)
Q4 2015	177.93	89.39	9.14	(0.86)
Q1 2016	179.29	108.87	9.65	-
Q2 2016	174.97	96.54	8.35	-
Q3 2016	170.76	157.25	8.88	-
Q4 2016	153.81	96.23	8.92	-
Q1 2017	145.66	103.18	9.48	-
Q2 2017	165.94	114.04	9.42	-
Q3 2017	160.63	144.94	10.51	-

Period	Hotels sector	Recreational centers sector	Other sectors	Disposals
2010	383.59	255.07	14.08	(3.70)
2011	428.55	283.09	14.51	(3.55)
2012	482.93	272.38	17.06	(2.02)
2013	553.07	310.64	19.55	(3.19)
2014	592.33	341.39	21.16	(3.26)
2015	702.98	419.76	26.03	(2.87)
2016	678.83	458.89	35.80	-

Analysts Estimates (Million)

Item	Q3 2017 (e)	Q3 2017 (a)	Change‬
Average	32.70	9.00	(72.5 %)

Estimates vs Actual (Million)

Item	Q3 2017 (e)	Q3 2017 (a)	Change
Arbah Capital	21.40	9.00	(57.9) %
AlJazira Capital	24.20	9.00	(62.8) %
OSOOL AND BAKHEET	52.50	9.00	(82.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	784.35
Enterprise Value (EV) (M)	1,260.78
Shares Outstanding ((M))	315.00
EPS ( Riyal) (TTM)	(0.16)
Book Value (BV) ( Riyal)	0.66
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.78
Return on Average Assets (%) (TTM)	(2.42 )
Return on Average Equity (%) (TTM)	(22.04 )

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Al Hokair Group’s net profit tumbles 74% in 9M 2017

View other reports

Share Price

Abdulmohsen Alhokair Group for Tourism and Development (ALHOKAIR GROUP)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2017 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Al Hokair Group’s net profit tumbles 74% in 9M 2017

View other reports

Share Price

Abdulmohsen Alhokair Group for Tourism and Development (ALHOKAIR GROUP)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2017

Revenue by Business Segment (Latest) 2017 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)