Al Moammar’s net profit jumps 39% in 9M 2019

31/10/2019 Argaam Exclusive

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Share Price

Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. reported a net profit after zakat and tax of SAR 39.13 million for the first nine months of 2019, an increase of 38.7 percent year-on-year (YoY), driven by higher revenue from contracts and lower selling and marketing expenses.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 612.18 679.28 11.0 %
Gross Income 81.11 99.53 22.7 %
Operating Income 46.46 58.75 26.5 %
Net Income 28.21 39.13 38.7 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.94 1.30 38.7 %

The company’s net profit for Q3 2019 declined 12.2 percent YoY to SAR 14.39 million, due to higher operating revenue, increased gross profit and lower selling and marketing expenses.

 

On a sequential basis, Q3 2019 net profit rose 10.6 percent.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 216.66 229.94 6.1 %
Gross Income 34.74 33.12 (4.7 %)
Operating Income 22.32 20.74 (7.1 %)
Net Income 16.39 14.39 (12.2 %)
Average Shares 30.00 30.00 -
EPS (Riyals) 0.55 0.48 (12.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 122.10 - 16.32 - (1.15) - (0.04)
Q2 2018 273.42 - 30.05 - 12.96 - 0.43
Q3 2018 216.66 - 34.74 - 16.39 - 0.55
Q4 2018 273.97 - 52.51 - 36.30 - 1.21
Q1 2019 211.22 73.0 % 30.57 87.4 % 11.72 1122.1 % 0.39
Q2 2019 238.12 (12.9 %) 35.84 19.3 % 13.01 0.4 % 0.43
Q3 2019 229.94 6.1 % 33.12 (4.7 %) 14.39 (12.2 %) 0.48

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 15.08 % 9.77 % 7.28 %
Q1 2019 15.16 % 10.30 % 7.93 %
Q2 2019 16.35 % 10.71 % 8.24 %
Q3 2019 15.95 % 10.36 % 7.91 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 30.00 - - 5.26
Q2 2018 30.00 - - 5.34
Q3 2018 30.00 - - 5.91
Q4 2018 30.00 2.15 2.15 6.55
Q1 2019 30.00 2.58 2.58 6.97
Q2 2019 30.00 2.58 2.58 7.37
Q3 2019 30.00 2.51 2.51 7.84

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 10.74 10.74 3.76
Q3 2019 10.61 10.61 3.40

Business Segments (Million)

Compared With The
Period Maintenance and operation sector Networking Unit Systems Unit Information Technology Security Unit Solutions Unit Business Services Management Unit
Q1 2018 21.13 14.66 20.99 21.58 38.02 5.72
Q2 2018 41.28 33.30 58.32 39.38 61.20 39.94
Q3 2018 23.20 13.78 67.81 14.43 74.30 23.14
Q4 2018 31.83 23.34 78.70 47.58 66.15 26.37
Q1 2019 23.76 16.53 34.85 25.08 84.70 26.30
Q2 2019 28.70 36.23 42.84 30.47 82.42 17.45
Q3 2019 21.16 13.87 104.01 27.03 52.48 11.40

Current
Market Cap (M Riyal) 4,344.00
Enterprise Value (EV) (M) 4,757.16
Shares Outstanding ((M)) 30.00
Book Value (BV) ( Riyal) 11.92
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 12.15
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 11.0

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