Leejam turns to net loss of SAR 7 mln in Q1 2021

20/04/2021 Argaam Exclusive

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Share Price

Leejam Sports Co. (FITNESS TIME)

Leejam Sports (Fitness Time) turned to a net loss after Zakat and tax of SAR 7 million in the first quarter of 2021, from a net profit of SAR 6.25 million in Q1 2020.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Revenues	197.67	148.54	(24.9 %)
Gross Income	52.00	30.47	(41.4 %)
Operating Income	20.89	4.58	(78.1 %)
Net Income	6.25	(6.97)	(211.6 %)
Average Shares	52.38	52.38	-
EPS (Riyals)	0.12	(0.13)	(211.6 %)

Item	Q4 2020	Q1 2021	Change‬
Revenues	229.09	148.54	(35.2 %)
Gross Income	81.84	30.47	(62.8 %)
Operating Income	55.53	4.58	(91.8 %)
Net Income	(0.51)	(6.97)	(1,256.8 %)
Average Shares	52.38	52.38	-
EPS (Riyals)	(0.01)	(0.13)	(1,256.8 %)

The company attributed the loss to lower revenue by SAR 49.1 million due to decline in revenues from membership and personal training on the back of suspension of sports activity in the Kingdom following the COVID-19 preventive measures.

This was partly offset by decrease in cost of revenue by SAR 24.4 million, and net decrease in all other costs (including finance cost and Zakat) by SAR 8.3 million and increase in other income by SAR 3.1 million.

On a sequential basis, the company widened its net loss after Zakat and tax due to lower revenue on the back of COVID-19 precautionary measures.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	-	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	450.30	-	202.68	-	137.76	-	2.63
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	594.84	32.1 %	262.24	29.4 %	180.98	31.4 %	3.46
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	700.89	17.8 %	305.32	16.4 %	203.13	12.2 %	3.88
Q1 2017	177.31	-	70.89	-	42.06	-	0.80
Q2 2017	176.30	-	66.21	-	40.47	-	0.77
Q3 2017	184.83	-	70.63	-	43.18	-	0.82
Q4 2017	194.44	-	70.67	-	48.49	-	0.93
2017	732.88	4.6 %	278.40	(8.8 %)	174.20	(14.2 %)	3.33
Q1 2018	177.53	0.1 %	58.24	(17.8 %)	32.71	(22.2 %)	0.62
Q2 2018	186.99	6.1 %	67.20	1.5 %	39.76	(1.8 %)	0.76
Q3 2018	210.29	13.8 %	85.78	21.5 %	53.76	24.5 %	1.03
Q4 2018	225.14	15.8 %	94.11	33.2 %	53.86	11.1 %	1.03
2018	799.95	9.2 %	305.33	9.7 %	180.09	3.4 %	3.44
Q1 2019	217.32	22.4 %	75.09	28.9 %	39.60	21.1 %	0.76
Q2 2019	219.03	17.1 %	81.52	21.3 %	49.59	24.7 %	0.95
Q3 2019	238.37	13.4 %	85.03	(0.9 %)	48.81	(9.2 %)	0.93
Q4 2019	270.21	20.0 %	118.56	26.0 %	67.92	26.1 %	1.30
2019	944.93	18.1 %	360.19	18.0 %	205.92	14.3 %	3.93
Q1 2020	197.67	(9.0 %)	52.00	(30.8 %)	6.25	(84.2 %)	0.12
Q2 2020	24.36	(88.9 %)	(62.66)	(176.9 %)	(91.02)	(283.5 %)	(1.74)
Q3 2020	211.48	(11.3 %)	68.71	(19.2 %)	26.57	(45.6 %)	0.51
Q4 2020	229.09	(15.2 %)	81.84	(31.0 %)	(0.51)	(100.8 %)	(0.01)
2020	662.60	(29.9 %)	139.89	(61.2 %)	(58.72)	(128.5 %)	(1.12)
Q1 2021	148.54	(24.9 %)	30.47	(41.4 %)	(6.97)	(211.6 %)	(0.13)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2011	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
2013	-	-	-	-	-	-	-
2014	450.30	-	202.68	-	137.76	-	2.63
2015	594.84	32.1 %	262.24	29.4 %	180.98	31.4 %	3.46
2016	700.89	17.8 %	305.32	16.4 %	203.13	12.2 %	3.88
2017	732.88	4.6 %	278.40	(8.8 %)	174.20	(14.2 %)	3.33
2018	799.95	9.2 %	305.33	9.7 %	180.09	3.4 %	3.44
2019	944.93	18.1 %	360.19	18.0 %	205.92	14.3 %	3.93
2020	662.60	(29.9 %)	139.89	(61.2 %)	(58.72)	(128.5 %)	(1.12)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	45.01 %	43.93 %	30.59 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	44.09 %	43.79 %	30.43 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	43.56 %	42.91 %	28.98 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	37.99 %	32.31 %	23.77 %
2017	37.99 %	38.45 %	23.77 %
Q1 2018	36.25 %	34.21 %	22.49 %
Q2 2018	35.86 %	37.31 %	22.07 %
Q3 2018	36.65 %	37.99 %	22.71 %
Q4 2018	38.17 %	37.73 %	22.51 %
2018	38.17 %	37.73 %	22.51 %
Q1 2019	38.37 %	40.22 %	22.27 %
Q2 2019	38.60 %	43.42 %	22.58 %
Q3 2019	37.31 %	45.58 %	21.33 %
Q4 2019	38.12 %	49.41 %	22.76 %
2019	38.12 %	49.41 %	22.76 %
Q1 2020	36.43 %	47.64 %	19.64 %
Q2 2020	26.41 %	41.65 %	5.70 %
Q3 2020	25.10 %	40.24 %	2.74 %
Q4 2020	21.11 %	37.72 %	(2.28 %)
2020	21.11 %	37.72 %	(2.29 %)
Q1 2021	19.29 %	38.18 %	(4.62 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	45.01 %	43.93 %	30.59 %
2015	44.09 %	43.79 %	30.43 %
2016	43.56 %	42.91 %	28.98 %
2017	37.99 %	38.45 %	23.77 %
2018	38.17 %	37.73 %	22.51 %
2019	38.12 %	49.41 %	22.76 %
2020	21.11 %	37.72 %	(2.29 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	39.98 %	-	23.72 %
Q2 2017	37.56 %	-	22.96 %
Q3 2017	38.21 %	38.67 %	23.36 %
Q4 2017	36.35 %	38.44 %	24.94 %
Q1 2018	32.81 %	34.37 %	18.43 %
Q2 2018	35.94 %	37.60 %	21.26 %
Q3 2018	40.79 %	40.98 %	25.57 %
Q4 2018	41.80 %	37.44 %	23.92 %
Q1 2019	34.56 %	44.60 %	18.22 %
Q2 2019	37.22 %	50.71 %	22.64 %
Q3 2019	35.67 %	49.44 %	20.52 %
Q4 2019	43.88 %	52.21 %	28.49 %
Q1 2020	26.31 %	35.82 %	3.16 %
Q2 2020	(257.26 %)	(104.36 %)	(371.76 %)
Q3 2020	32.49 %	45.74 %	12.56 %
Q4 2020	35.73 %	47.07 %	18.59 %
Q1 2021	20.51 %	37.09 %	(4.69 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2012	-	-	-	-
Q2 2012	-	-	-	-
Q3 2012	-	-	-	-
Q4 2012	-	-	-	-
Q1 2013	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	52.38	-	-	-
Q2 2017	52.38	-	-	-
Q3 2017	52.38	-	-	-
Q4 2017	52.38	3.33	3.33	12.01
Q1 2018	52.38	3.15	3.15	12.14
Q2 2018	52.38	3.13	3.13	12.56
Q3 2018	52.38	3.34	3.34	13.58
Q4 2018	52.38	3.44	3.44	13.62
Q1 2019	52.38	3.57	3.57	12.03
Q2 2019	52.38	3.76	3.76	12.56
Q3 2019	52.38	3.66	3.66	12.98
Q4 2019	52.38	3.93	4.11	13.78
Q1 2020	52.38	3.29	3.47	13.89
Q2 2020	52.38	0.61	0.79	12.14
Q3 2020	52.38	0.19	0.37	12.64
Q4 2020	52.38	(1.12)	(0.29)	12.69
Q1 2021	52.38	(1.37)	(0.54)	12.55

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	52.38	2.63	2.63	8.51
2015	52.38	3.46	3.46	8.46
2016	52.38	3.88	3.88	10.00
2017	52.38	3.33	3.33	12.01
2018	52.38	3.44	3.44	13.62
2019	52.38	3.93	4.11	13.78
2020	52.38	(1.12)	(0.29)	12.69

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	16.04	16.04	3.94
Q4 2018	17.10	17.10	4.32
Q1 2019	19.33	19.33	5.74
Q2 2019	19.96	19.96	5.97
Q3 2019	22.28	22.27	6.29
Q4 2019	20.63	19.75	5.89
Q1 2020	15.85	15.04	3.76
Q2 2020	More than 50	More than 50	4.82
Q3 2020	More than 50	More than 50	5.65
Q4 2020	NEG	NEG	6.09
Q1 2021	NEG	NEG	5.77

Period	P/E	Adjusted P/E	Price/book
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	17.10	17.10	4.32
2019	20.63	19.75	5.89
2020	NEG	NEG	6.09

Business Segments (Million)

Compared With The

Period	Male fitness center	Female fitness center
Q3 2017	181.04	3.79
Q1 2018	159.48	18.04
Q2 2018	163.58	23.41
Q3 2018	174.66	35.63
Q4 2018	178.16	46.98
Q1 2019	166.43	50.89
Q2 2019	169.38	49.65
Q3 2019	182.93	55.44
Q4 2019	199.51	70.70
Q1 2020	145.52	52.15
Q2 2020	17.13	7.23
Q3 2020	159.40	52.08
Q4 2020	178.30	54.37
Q1 2021	112.07	36.47

Period	Male fitness center	Female fitness center
2018	675.89	124.06
2019	718.24	226.69
2020	496.77	165.83

Analysts Estimates (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change‬
Average	(4.40)	(6.97)	(58.5 %)

Estimates vs Actual (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change
Al Rajhi Capital	(11.00)	(6.97)	36.6 %
SNB Capital	2.20	(6.97)	(417.0) %

Financial Ratios

	Current
Market Cap (M Riyal)	10,843.28
Enterprise Value (EV) (M)	11,026.75
Shares Outstanding ((M))	52.38
EPS ( Riyal) (TTM)	7.40
Book Value (BV) ( Riyal)	21.26
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	28.13
P/E (TTM)	27.96
Price/book	9.73
Return on Average Assets (%) (TTM)	12.4
Return on Average Equity (%) (TTM)	38.1

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Leejam turns to net loss of SAR 7 mln in Q1 2021

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Share Price

Leejam Sports Co. (FITNESS TIME)

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) 2021 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Leejam turns to net loss of SAR 7 mln in Q1 2021

View other reports

Share Price

Leejam Sports Co. (FITNESS TIME)

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) Q1 2021

Revenue by Business Segment (Latest) 2021 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Business Segments (Million)