Tabuk Agriculture posts SAR 4.5 mln (+160%) net profit in Q1-2015

16/04/2015 Argaam Exclusive

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Tabuk Agriculture Development Company, a producer of agriculture products in Saudi Arabia, reported a net profit of SAR 4.5 million for first quarter, 160 percent higher compared to the same period in 2014.

Despite higher general, administrative, and marketing expenses, the company saw an increase in first quarter mainly attributed to sales of fodder and onions.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	20.67	26.54	28.4 %
Gross Income	7.26	12.68	74.7 %
Operating Income	2.04	5.78	184.1 %
Net Income	1.74	4.53	159.8 %
Average Shares	22.48	33.73	50.0 %
EPS (Riyals)	0.08	0.13	73.1 %

Item	Q4 2014	Q1 2015	Change‬
Revenues	53.12	26.54	(50.0 %)
Gross Income	22.04	12.68	(42.5 %)
Operating Income	3.42	5.78	69.1 %
Net Income	1.68	4.53	169.0 %
Average Shares	22.48	33.73	50.0 %
EPS (Riyals)	0.07	0.13	79.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	44.99	4.6 %	16.93	(15.5 %)	16.72	7.7 %	0.74
Q2 2006	24.85	(1.4 %)	10.23	(18.5 %)	0.91	(78.6 %)	0.04
Q3 2006	32.10	27.7 %	13.92	32.5 %	(3.06)	(21.7 %)	(0.14)
Q4 2006	48.26	31.0 %	29.18	51.3 %	10.83	(57.6 %)	0.48
2006	150.20	15.4 %	70.26	12.7 %	25.40	(40.7 %)	1.13
Q1 2007	50.09	11.3 %	19.46	14.9 %	15.22	(9.0 %)	0.68
Q2 2007	26.40	6.3 %	14.01	36.9 %	3.72	307.7 %	0.17
Q3 2007	29.30	(8.7 %)	15.44	10.9 %	(1.31)	57.3 %	(0.06)
Q4 2007	39.86	(17.4 %)	20.81	(28.7 %)	2.56	(76.3 %)	0.11
2007	145.65	(3.0 %)	69.72	(0.8 %)	20.19	(20.5 %)	0.90
Q1 2008	62.11	24.0 %	23.99	23.3 %	19.31	26.9 %	0.86
Q2 2008	32.11	21.6 %	15.71	12.1 %	2.99	(19.6 %)	0.13
Q3 2008	34.78	18.7 %	14.14	(8.4 %)	(3.24)	(147.6 %)	(0.14)
Q4 2008	38.92	(2.4 %)	20.24	(2.7 %)	4.51	76.0 %	0.20
2008	167.90	15.3 %	74.08	6.3 %	23.57	16.7 %	1.05
Q1 2009	49.45	(20.4 %)	14.55	(39.4 %)	10.00	(48.2 %)	0.44
Q2 2009	24.19	(24.7 %)	9.23	(41.3 %)	(0.07)	(102.5 %)	0.00
Q3 2009	34.48	(0.8 %)	10.32	(27.0 %)	(1.62)	49.9 %	(0.07)
Q4 2009	59.69	53.4 %	18.88	(6.7 %)	(1.26)	(127.9 %)	(0.06)
2009	167.81	(0.1 %)	52.98	(28.5 %)	7.04	(70.1 %)	0.31
Q1 2010	9.82	(80.1 %)	5.03	(65.4 %)	(2.54)	(125.4 %)	(0.11)
Q2 2010	32.03	32.4 %	14.99	62.4 %	5.45	7459.5 %	0.24
Q3 2010	33.58	(2.6 %)	10.86	5.2 %	1.23	175.9 %	0.05
Q4 2010	75.08	25.8 %	26.87	42.3 %	7.48	694.0 %	0.33
2010	150.51	(10.3 %)	57.74	9.0 %	11.62	64.9 %	0.52
Q1 2011	20.69	110.7 %	11.57	130.2 %	8.21	422.8 %	0.37
Q2 2011	39.31	22.7 %	21.14	41.1 %	10.03	84.1 %	0.45
Q3 2011	71.23	112.1 %	35.81	229.9 %	18.00	1361.1 %	0.80
Q4 2011	42.54	(43.3 %)	12.47	(53.6 %)	(3.13)	(141.9 %)	(0.14)
2011	173.76	15.4 %	80.99	40.3 %	33.10	185.0 %	1.47
Q1 2012	15.56	(24.8 %)	7.46	(35.6 %)	3.55	(56.7 %)	0.16
Q2 2012	33.95	(13.6 %)	17.23	(18.5 %)	7.03	(29.9 %)	0.31
Q3 2012	67.83	(4.8 %)	28.14	(21.4 %)	8.55	(52.5 %)	0.38
Q4 2012	38.74	(8.9 %)	17.21	38.0 %	(9.19)	(193.7 %)	(0.41)
2012	156.08	(10.2 %)	70.03	(13.5 %)	9.94	(70.0 %)	0.44
Q1 2013	10.83	(30.4 %)	4.88	(34.5 %)	1.51	(57.4 %)	0.07
Q2 2013	38.50	13.4 %	15.50	(10.0 %)	2.50	(64.5 %)	0.11
Q3 2013	41.87	(38.3 %)	19.30	(31.4 %)	1.05	(87.7 %)	0.05
Q4 2013	29.79	(23.1 %)	12.41	(27.9 %)	(19.90)	(116.5 %)	(0.89)
2013	120.99	(22.5 %)	52.10	(25.6 %)	(14.84)	(249.2 %)	(0.66)
Q1 2014	20.67	90.8 %	7.26	48.6 %	1.74	15.1 %	0.08
Q2 2014	29.12	(24.4 %)	11.36	(26.7 %)	0.50	(79.9 %)	0.02
Q3 2014	51.12	22.1 %	16.79	(13.0 %)	3.27	211.2 %	0.15
Q4 2014	53.12	78.3 %	22.04	77.6 %	1.68	108.5 %	0.07
2014	154.02	27.3 %	57.45	10.3 %	7.20	148.5 %	0.32
Q1 2015	26.54	28.4 %	12.68	74.7 %	4.53	159.8 %	0.13

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	130.19	(0.4 %)	62.37	5.8 %	42.83	106.0 %	1.91
2006	150.20	15.4 %	70.26	12.7 %	25.40	(40.7 %)	1.13
2007	145.65	(3.0 %)	69.72	(0.8 %)	20.19	(20.5 %)	0.90
2008	167.90	15.3 %	74.08	6.3 %	23.57	16.7 %	1.05
2009	167.81	(0.1 %)	52.98	(28.5 %)	7.04	(70.1 %)	0.31
2010	150.51	(10.3 %)	57.74	9.0 %	11.62	64.9 %	0.52
2011	173.76	15.4 %	80.99	40.3 %	33.10	185.0 %	1.47
2012	156.08	(10.2 %)	70.03	(13.5 %)	9.94	(70.0 %)	0.44
2013	120.99	(22.5 %)	52.10	(25.6 %)	(14.84)	(249.2 %)	(0.66)
2014	154.02	27.3 %	57.45	10.3 %	7.20	148.5 %	0.32

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	44.84 %	26.87 %	33.31 %
Q2 2006	43.20 %	26.11 %	30.85 %
Q3 2006	43.49 %	24.57 %	28.91 %
Q4 2006	46.78 %	30.53 %	16.91 %
2006	46.78 %	30.53 %	16.91 %
Q1 2007	46.87 %	30.95 %	15.39 %
Q2 2007	48.82 %	32.82 %	17.02 %
Q3 2007	50.69 %	35.14 %	18.47 %
Q4 2007	47.87 %	31.56 %	13.86 %
2007	47.87 %	31.56 %	13.86 %
Q1 2008	47.09 %	31.88 %	15.40 %
Q2 2008	46.48 %	30.96 %	14.42 %
Q3 2008	44.21 %	28.89 %	12.81 %
Q4 2008	44.12 %	30.33 %	14.04 %
2008	44.12 %	30.33 %	14.04 %
Q1 2009	41.63 %	26.99 %	9.19 %
Q2 2009	39.47 %	26.38 %	7.60 %
Q3 2009	36.95 %	27.50 %	8.71 %
Q4 2009	31.57 %	20.80 %	4.20 %
2009	31.57 %	20.80 %	4.20 %
Q1 2010	33.90 %	17.24 %	(4.29 %)
Q2 2010	36.19 %	19.53 %	0.02 %
Q3 2010	36.82 %	21.61 %	2.13 %
Q4 2010	38.36 %	25.21 %	7.72 %
2010	38.36 %	25.21 %	7.72 %
Q1 2011	39.83 %	29.68 %	13.86 %
Q2 2011	41.76 %	31.25 %	15.98 %
Q3 2011	46.24 %	33.70 %	21.19 %
Q4 2011	46.61 %	33.31 %	19.05 %
2011	46.61 %	33.31 %	19.05 %
Q1 2012	45.58 %	31.07 %	16.87 %
Q2 2012	44.68 %	29.72 %	15.59 %
Q3 2012	40.83 %	24.09 %	10.01 %
Q4 2012	44.87 %	23.43 %	8.30 %
2012	44.87 %	23.43 %	8.30 %
Q1 2013	44.57 %	23.32 %	7.21 %
Q2 2013	42.16 %	20.36 %	4.09 %
Q3 2013	43.79 %	18.59 %	(0.86 %)
Q4 2013	43.06 %	18.83 %	(12.26 %)
2013	43.06 %	18.83 %	(12.26 %)
Q1 2014	41.64 %	17.93 %	(11.17 %)
Q2 2014	41.45 %	15.87 %	(13.67 %)
Q3 2014	36.59 %	14.30 %	(11.00 %)
Q4 2014	37.30 %	18.84 %	4.67 %
2014	37.30 %	18.84 %	4.67 %
Q1 2015	39.32 %	20.78 %	6.24 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	47.91 %	28.40 %	32.90 %
2006	46.78 %	30.53 %	16.91 %
2007	47.87 %	31.56 %	13.86 %
2008	44.12 %	30.33 %	14.04 %
2009	31.57 %	20.80 %	4.20 %
2010	38.36 %	25.21 %	7.72 %
2011	46.61 %	33.31 %	19.05 %
2012	44.87 %	23.43 %	8.30 %
2013	43.06 %	18.83 %	(12.26 %)
2014	37.30 %	18.84 %	4.67 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	37.63 %	42.98 %	37.15 %
Q2 2006	41.19 %	25.73 %	3.67 %
Q3 2006	43.36 %	9.52 %	(9.54 %)
Q4 2006	60.46 %	35.37 %	22.43 %
Q1 2007	38.85 %	43.02 %	30.38 %
Q2 2007	53.08 %	37.12 %	14.08 %
Q3 2007	52.68 %	19.54 %	(4.46 %)
Q4 2007	52.20 %	22.33 %	6.43 %
Q1 2008	38.63 %	41.61 %	31.09 %
Q2 2008	48.92 %	31.50 %	9.32 %
Q3 2008	40.67 %	11.27 %	(9.31 %)
Q4 2008	52.01 %	28.38 %	11.59 %
Q1 2009	29.42 %	34.01 %	20.23 %
Q2 2009	38.14 %	29.28 %	(0.31 %)
Q3 2009	29.94 %	15.91 %	(4.71 %)
Q4 2009	31.63 %	9.25 %	(2.11 %)
Q1 2010	51.20 %	40.87 %	(25.89 %)
Q2 2010	46.80 %	36.08 %	17.00 %
Q3 2010	32.32 %	24.16 %	3.67 %
Q4 2010	35.78 %	19.00 %	9.96 %
Q1 2011	55.94 %	67.51 %	39.66 %
Q2 2011	53.79 %	41.63 %	25.51 %
Q3 2011	50.27 %	34.99 %	25.27 %
Q4 2011	29.30 %	6.18 %	(7.36 %)
Q1 2012	47.91 %	54.53 %	22.84 %
Q2 2012	50.74 %	36.80 %	20.72 %
Q3 2012	41.49 %	21.98 %	12.60 %
Q4 2012	44.42 %	1.76 %	(15.94 %)
Q1 2013	45.11 %	66.63 %	13.97 %
Q2 2013	40.26 %	23.19 %	6.49 %
Q3 2013	46.11 %	17.51 %	2.51 %
Q4 2013	41.66 %	(2.32 %)	(66.79 %)
Q1 2014	35.13 %	38.16 %	8.43 %
Q2 2014	39.00 %	16.30 %	1.73 %
Q3 2014	32.85 %	13.19 %	6.40 %
Q4 2014	41.50 %	18.14 %	3.17 %
Q1 2015	47.78 %	45.57 %	17.05 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	22.48	1.96	1.96	17.45
Q2 2006	22.48	1.81	1.81	17.24
Q3 2006	22.48	1.78	1.78	17.02
Q4 2006	22.48	1.13	1.13	16.32
Q1 2007	22.48	1.06	1.06	16.93
Q2 2007	22.48	1.19	1.19	17.06
Q3 2007	22.48	1.27	1.27	17.05
Q4 2007	22.48	0.90	0.90	16.93
Q1 2008	22.48	1.08	1.08	17.02
Q2 2008	22.48	1.05	1.05	17.20
Q3 2008	22.48	0.96	0.96	16.87
Q4 2008	22.48	1.05	1.05	16.44
Q1 2009	22.48	0.63	0.63	16.71
Q2 2009	22.48	0.50	0.50	16.73
Q3 2009	22.48	0.57	0.57	16.69
Q4 2009	22.48	0.31	0.31	15.95
Q1 2010	22.48	(0.24)	(0.24)	15.74
Q2 2010	22.48	0.00	0.00	15.93
Q3 2010	22.48	0.13	0.13	15.99
Q4 2010	22.48	0.52	0.52	15.88
Q1 2011	22.48	0.99	0.99	16.09
Q2 2011	22.48	1.20	1.20	16.52
Q3 2011	22.48	1.94	1.94	17.30
Q4 2011	22.48	1.47	1.47	16.51
Q1 2012	22.48	1.27	1.27	16.48
Q2 2012	22.48	1.13	1.13	16.74
Q3 2012	22.48	0.71	0.71	17.13
Q4 2012	22.48	0.44	0.58	16.23
Q1 2013	22.48	0.35	0.49	16.39
Q2 2013	22.48	0.15	0.28	16.25
Q3 2013	22.48	(0.18)	(0.05)	16.48
Q4 2013	22.48	(0.66)	(0.66)	15.47
Q1 2014	22.48	(0.65)	(0.65)	15.61
Q2 2014	22.48	(0.74)	(0.74)	15.57
Q3 2014	22.48	(0.64)	(0.64)	15.72
Q4 2014	22.48	0.32	0.32	15.79
Q1 2015	33.73	0.30	0.30	18.07

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	22.48	1.91	1.91	17.21
2006	22.48	1.13	1.13	16.32
2007	22.48	0.90	0.90	16.93
2008	22.48	1.05	1.05	16.44
2009	22.48	0.31	0.31	15.95
2010	22.48	0.52	0.52	15.88
2011	22.48	1.47	1.47	16.51
2012	22.48	0.44	0.58	16.23
2013	22.48	(0.66)	(0.66)	15.47
2014	22.48	0.32	0.32	15.79

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	38.83	38.83	4.36
Q2 2006	67.34	67.34	7.07
Q3 2006	92.16	92.16	9.67
Q4 2006	51.52	51.52	3.57
Q1 2007	71.54	71.54	4.49
Q2 2007	60.11	60.11	4.19
Q3 2007	77.85	77.85	5.78
Q4 2007	98.06	98.06	5.20
Q1 2008	52.08	52.08	3.30
Q2 2008	57.40	57.40	3.50
Q3 2008	37.10	37.10	2.12
Q4 2008	26.78	26.78	1.71
Q1 2009	46.85	46.85	1.78
Q2 2009	85.69	85.69	2.55
Q3 2009	68.60	68.60	2.34
Q4 2009	More than 100	More than 100	2.60
Q1 2010	NEG	NEG	2.55
Q2 2010	More than 100	More than 100	1.91
Q3 2010	More than 100	More than 100	1.70
Q4 2010	56.91	56.91	1.85
Q1 2011	31.36	31.36	1.94
Q2 2011	32.63	32.63	2.37
Q3 2011	21.63	21.63	2.43
Q4 2011	34.77	34.77	3.10
Q1 2012	44.88	44.88	3.45
Q2 2012	34.53	34.53	2.34
Q3 2012	68.00	68.00	2.83
Q4 2012	More than 100	83.98	2.98
Q1 2013	More than 100	More than 100	3.30
Q2 2013	More than 100	More than 100	3.92
Q3 2013	NEG	NEG	3.49
Q4 2013	NEG	NEG	3.48
Q1 2014	NEG	NEG	3.58
Q2 2014	NEG	NEG	4.03
Q3 2014	NEG	NEG	4.29
Q4 2014	More than 100	More than 100	2.50
Q1 2015	91.17	91.17	1.49

Period	P/E	Adjusted P/E	Price/book
2005	71.85	71.85	7.95
2006	51.52	51.52	3.57
2007	98.06	98.06	5.20
2008	26.78	26.78	1.71
2009	More than 100	More than 100	2.60
2010	56.91	56.91	1.85
2011	34.77	34.77	3.10
2012	More than 100	83.99	2.98
2013	NEG	NEG	3.48
2014	More than 100	More than 100	2.50

Financial Ratios

	Current
Market Cap (M Riyal)	671.37
Enterprise Value (EV) (M)	715.60
Shares Outstanding ((M))	39.17
EPS ( Riyal) (TTM)	2.19
Book Value (BV) ( Riyal)	8.04
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	7.82
Price/book	2.13
Return on Average Assets (%) (TTM)	17.5
Return on Average Equity (%) (TTM)	31.2

Tabuk Agricultural Development Co. (TADCO)

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Tabuk Agriculture posts SAR 4.5 mln (+160%) net profit in Q1-2015

View other reports

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

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

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Tabuk Agriculture posts SAR 4.5 mln (+160%) net profit in Q1​-​2015

View other reports

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

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

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Tabuk Agriculture posts SAR 4.5 mln (+160%) net profit in Q1-2015