National Company for Learning and Education (NCLE) posted a 5 percent year-on-year (YoY) rise in net profit after zakat and tax to SAR 37 million for the first nine months ending May 31, 2019.
The profit growth was attributed to improved profit margins and other income, along with a decline in the cost of sales, financing charges and zakat expenses.
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 165.87 | 156.12 | (5.9 %) |
| Gross Income | 61.39 | 63.77 | 3.9 % |
| Operating Income | 40.22 | 35.79 | (11.0 %) |
| Net Income | 35.28 | 37.10 | 5.1 % |
| Average Shares | 30.00 | 43.00 | 43.3 % |
| EPS (Riyals) | 1.18 | 0.86 | (26.6 %) |
The third-quarter net profit after zakat and tax increased 4.7 percent YoY to SAR 13.5 million, driven by higher profit margins and other income.
When compared to the previous quarter, NCLE’s net profit jumped 10.6 percent.
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 56.41 | 51.36 | (8.9 %) |
| Gross Income | 22.05 | 21.32 | (3.3 %) |
| Operating Income | 14.46 | 10.86 | (24.9 %) |
| Net Income | 12.86 | 13.46 | 4.7 % |
| Average Shares | 30.00 | 43.00 | 43.3 % |
| EPS (Riyals) | 0.43 | 0.31 | (27.0 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2019 | 52.53 | (5.3 %) | 21.08 | 3.5 % | 11.48 | 4.2 % | 0.27 |
| Q2 2019 | 52.22 | (3.3 %) | 21.37 | 12.6 % | 12.17 | 6.6 % | 0.28 |
| Q3 2019 | 51.36 | (8.9 %) | 21.32 | (3.3 %) | 13.46 | 4.7 % | 0.31 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2019 | 38.27 % | 31.36 % | 22.73 % |
| Q2 2019 | 39.70 % | 31.02 % | 23.27 % |
| Q3 2019 | 40.30 % | 29.79 % | 22.93 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 43.00 | 1.15 | 1.15 | 13.51 |
| Q2 2019 | 43.00 | 1.16 | 1.16 | 13.44 |
| Q3 2019 | 43.00 | 1.18 | 1.12 | 13.78 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2019 | 19.92 | 19.92 | 1.69 |
| Q2 2019 | 19.31 | 19.31 | 1.67 |
| Q3 2019 | 22.31 | 23.47 | 1.91 |
Q3 2019
| Period | EL Rayan School | EL Rowaby School | Al Nozaha school | Qortoba School |
|---|---|---|---|---|
| Q1 2019 | 18.62 | 17.86 | 15.27 | 0.78 |
| Q2 2019 | 16.37 | 19.95 | 14.89 | 1.01 |
| Q3 2019 | 17.22 | 18.27 | 14.95 | 0.92 |
| Current | |
| Market Cap (M Riyal) | 6,622.00 |
| Enterprise Value (EV) (M) | 6,647.39 |
| Shares Outstanding ((M)) | 43.00 |
| EPS ( Riyal) (TTM) | 2.64 |
| Book Value (BV) ( Riyal) | 16.28 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | More than 100 |
| P/E (TTM) | More than 100 |
| Price/book | 9.46 |
| Return on Average Assets (%) (TTM) | 9.8 |
| Return on Average Equity (%) (TTM) | 16.8 |
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