Thob Al Aseel posts SAR 53 mln profit in H1

19/07/2018 Argaam Exclusive

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Share Price

Thob Al Aseel Co. reported a net profit of SAR 52.6 million for the first half of 2018. H1 sales stood at SAR 240 million.

There are no previously recorded figures for a year-on-year comparison, as the company converted into a joint stock firm on Sept. 5, 2016.

Financials (M)

Item	6m 2017	6m 2018	Change‬
Revenues	398.68	240.08	(39.8 %)
Gross Income	157.20	93.43	(40.6 %)
Operating Income	104.03	58.33	(43.9 %)
Net Income	104.62	52.58	(49.7 %)
Average Shares	400.00	400.00	-
EPS (Riyals)	0.26	0.13	(49.7 %)

Q2 net profit fell 39.4 percent YoY to SAR 38.4 million, due to low purchasing power.

Meanwhile, the second-quarter net profit more than doubled quarter-on-quarter (QoQ), thanks to seasonal factors, as Ramadan took place in Q2.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2017	Q2 2018	Change‬
Revenues	210.08	157.61	(25.0 %)
Gross Income	86.89	61.10	(29.7 %)
Operating Income	63.66	41.77	(34.4 %)
Net Income	63.42	38.43	(39.4 %)
Average Shares	400.00	400.00	-
EPS (Riyals)	0.16	0.10	(39.4 %)

Item	Q1 2018	Q2 2018	Change‬
Revenues	82.47	157.61	91.1 %
Gross Income	32.33	61.10	89.0 %
Operating Income	16.56	41.77	152.3 %
Net Income	14.16	38.43	171.4 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.04	0.10	171.4 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2009	-	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	409.63	-	136.52	-	104.68	-	6.54
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	389.57	(4.9 %)	124.35	(8.9 %)	91.21	(12.9 %)	5.70
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	390.77	0.3 %	119.53	(3.9 %)	84.59	(7.3 %)	0.21
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	397.37	1.7 %	129.57	8.4 %	87.30	3.2 %	0.22
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	316.64	(20.3 %)	113.47	(12.4 %)	74.45	(14.7 %)	0.19
Q1 2017	188.60	-	70.31	-	41.20	-	0.10
Q2 2017	210.08	-	86.89	-	63.42	-	0.16
Q3 2017	66.38	-	24.47	-	8.27	-	0.02
Q4 2017	104.47	-	37.04	-	1.88	-	0.00
2017	569.53	79.9 %	218.72	92.8 %	114.76	54.1 %	0.29
Q1 2018	82.47	(56.3 %)	32.33	(54.0 %)	14.16	(65.6 %)	0.04
Q2 2018	157.61	(25.0 %)	61.10	(29.7 %)	38.43	(39.4 %)	0.10

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2008	-	-	-	-	-	-	-
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	409.63	-	136.52	-	104.68	-	6.54
2013	389.57	(4.9 %)	124.35	(8.9 %)	91.21	(12.9 %)	5.70
2014	390.77	0.3 %	119.53	(3.9 %)	84.59	(7.3 %)	0.21
2015	397.37	1.7 %	129.57	8.4 %	87.30	3.2 %	0.22
2016	316.64	(20.3 %)	113.47	(12.4 %)	74.45	(14.7 %)	0.19
2017	569.53	79.9 %	218.72	92.8 %	114.76	54.1 %	0.29

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	33.33 %	27.30 %	25.56 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	31.92 %	25.18 %	23.41 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	30.59 %	22.85 %	21.65 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	32.61 %	23.97 %	21.97 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	35.83 %	26.11 %	23.51 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	38.40 %	22.72 %	20.89 %
2017	38.40 %	22.72 %	20.89 %
Q1 2018	39.00 %	22.79 %	19.83 %
Q2 2018	37.71 %	20.25 %	16.29 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	33.33 %	27.30 %	25.56 %
2013	31.92 %	25.18 %	23.41 %
2014	30.59 %	22.85 %	21.65 %
2015	32.61 %	23.97 %	21.97 %
2016	35.83 %	26.11 %	23.51 %
2017	38.40 %	22.72 %	20.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	37.28 %	21.78 %	21.84 %
Q2 2017	41.36 %	30.87 %	30.19 %
Q3 2017	36.87 %	15.90 %	12.46 %
Q4 2017	35.46 %	12.36 %	5.81 %
Q1 2018	39.21 %	20.97 %	17.17 %
Q2 2018	38.77 %	26.95 %	24.38 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	400.00	-	-	1.32
Q2 2017	400.00	-	-	1.48
Q3 2017	400.00	-	-	1.35
Q4 2017	400.00	0.29	0.30	1.35
Q1 2018	400.00	0.22	0.23	1.39
Q2 2018	400.00	0.16	0.17	1.34

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2008	-	-	-	-
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	16.00	6.54	6.54	6.73
2013	16.00	5.70	5.70	5.89
2014	400.00	0.21	0.21	0.34
2015	400.00	0.22	0.22	0.37
2016	400.00	0.19	0.19	0.81
2017	400.00	0.29	0.30	1.35

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	1.56
Q3 2017	-	-	1.95
Q4 2017	8.20	7.91	1.74
Q1 2018	10.35	9.88	1.63
Q2 2018	14.64	13.72	1.72

Period	P/E	Adjusted P/E	Price/book
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	8.20	7.91	1.74

Business Segments (Million)

Compared With The

Period	Clothing sector	Textiles sector	Eliminations
Q1 2017	170.55	19.95	-
Q2 2017	171.92	36.26	-
Q3 2017	56.93	14.66	(0.45)
Q4 2017	76.79	25.14	-
Q1 2018	60.01	22.46	-
Q2 2018	124.16	33.44	-

Period	Clothing sector	Textiles sector	Eliminations
2017	474.63	94.89	-

Financial Ratios

	Current
Market Cap (M Riyal)	2,020.00
Enterprise Value (EV) (M)	1,892.06
Shares Outstanding ((M))	400.00
EPS ( Riyal) (TTM)	0.22
Book Value (BV) ( Riyal)	1.46
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	22.64
P/E (TTM)	22.64
Price/book	3.45
Return on Average Assets (%) (TTM)	12.3
Return on Average Equity (%) (TTM)	15.4

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Thob Al Aseel posts SAR 53 mln profit in H1

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Share Price

Financials (M)

Current Quarter Comparison (M)

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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) 2018 Q2

Financial Ratios

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Thob Al Aseel posts SAR 53 mln profit in H1

View other reports

Share Price

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) Q2 2018

Revenue by Business Segment (Latest) 2018 Q2

Financial Ratios

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Business Segments (Million)