Kayan’s losses surge to SAR 1.2 bln in 2015

14/01/2016 Argaam Exclusive

View other reports

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

Saudi Kayan’s losses jumped to SAR 1.243 billion in 2015, from SAR 44.71 million in the previous fiscal year due to lower production and sales volumes, as well as higher financial charges and zakat. Oil prices, which have more than halved since June 2014, have put pressure on petrochemical producers in the kingdom.

Financials (M)

Item	2014	2015	Change‬
Revenues	11,636.03	7,975.72	(31.5 %)
Gross Income	975.60	(209.04)	(121.4 %)
Operating Income	522.78	(593.53)	(213.5 %)
Net Income	(44.71)	(1243.01)	(2,680.5 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.03)	(0.83)	(2,680.5 %)

The company swung to a net loss of SAR 624.14 million in Q4-2015 against a profit of SAR 11.78 million in the same quarter in 2014, attributed to a decrease in average selling prices for most of its products. It had reported a loss of SAR 13.81 million in Q3-2015.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2014	Q4 2015	Change‬
Revenues	2,526.04	1,879.36	(25.6 %)
Gross Income	267.87	(368.21)	(237.5 %)
Operating Income	144.72	(475.53)	(428.6 %)
Net Income	11.78	(624.14)	(5397.8 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	0.01	(0.42)	(5397.8 %)

Item	Q3 2015	Q4 2015	Change‬
Revenues	2,194.63	1,879.36	(14.4 %)
Gross Income	269.19	(368.21)	(236.8 %)
Operating Income	174.88	(475.53)	(371.9 %)
Net Income	(13.81)	(624.14)	(4,420.8 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	(0.01)	(0.42)	(4,420.8 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	-	-	-	-	322.51	-	0.22
Q1 2008	-	-	-	-	95.64	-	0.06
Q2 2008	-	-	-	-	59.69	-	0.04
Q3 2008	-	-	-	-	24.61	-	0.02
Q4 2008	-	-	-	-	(8.37)	-	(0.01)
2008	-	-	-	-	171.57	(46.8 %)	0.11
Q1 2009	-	-	-	-	(6.27)	(106.6 %)	0.00
Q2 2009	-	-	-	-	(6.49)	(110.9 %)	0.00
Q3 2009	-	-	-	-	(3.72)	(115.1 %)	0.00
Q4 2009	-	-	-	-	(0.44)	94.7 %	0.00
2009	-	-	-	-	(16.92)	(109.9 %)	(0.01)
Q1 2010	-	-	-	-	(3.77)	39.8 %	0.00
Q2 2010	-	-	-	-	(1.80)	72.3 %	0.00
Q3 2010	-	-	-	-	(5.07)	(36.1 %)	0.00
Q4 2010	-	-	-	-	(3.98)	(800.2 %)	0.00
2010	-	-	-	-	(14.61)	13.6 %	(0.01)
Q1 2011	-	-	-	-	(8.33)	(121.1 %)	(0.01)
Q2 2011	-	-	-	-	(16.01)	(791.4 %)	(0.01)
Q3 2011	-	-	-	-	(35.16)	(593.7 %)	(0.02)
Q4 2011	2,403.41	-	32.44	-	(190.75)	(4,693.9 %)	(0.13)
2011	2,403.41	-	32.44	-	(250.25)	(1,612.6 %)	(0.17)
Q1 2012	2,043.31	-	132.23	-	(71.12)	(753.5 %)	(0.05)
Q2 2012	2,316.89	-	(72.29)	-	(328.32)	(1,950.7 %)	(0.22)
Q3 2012	2,196.23	-	52.68	-	(178.37)	(407.3 %)	(0.12)
Q4 2012	2,925.81	21.7 %	38.99	20.2 %	(194.45)	(1.9 %)	(0.13)
2012	9,482.23	294.5 %	151.61	367.4 %	(772.27)	(208.6 %)	(0.51)
Q1 2013	2,079.89	1.8 %	58.73	(55.6 %)	(154.87)	(117.8 %)	(0.10)
Q2 2013	2,288.05	(1.2 %)	(20.14)	72.1 %	(238.24)	27.4 %	(0.16)
Q3 2013	3,052.20	39.0 %	304.95	478.9 %	43.27	124.3 %	0.03
Q4 2013	2,932.52	0.2 %	264.49	578.4 %	3.42	101.8 %	0.00
2013	10,352.65	9.2 %	625.10	312.3 %	(346.41)	55.1 %	(0.23)
Q1 2014	2,909.36	39.9 %	260.96	344.4 %	9.94	106.4 %	0.01
Q2 2014	2,965.26	29.6 %	126.54	728.2 %	(133.09)	44.1 %	(0.09)
Q3 2014	3,235.38	6.0 %	317.95	4.3 %	66.91	54.6 %	0.04
Q4 2014	2,526.04	(13.9 %)	267.87	1.3 %	11.78	244.7 %	0.01
2014	11,636.03	12.4 %	975.60	56.1 %	(44.71)	87.1 %	(0.03)
Q1 2015	1,752.65	(39.8 %)	(367.86)	(241.0 %)	(591.64)	(6052.2 %)	(0.39)
Q2 2015	2,149.08	(27.5 %)	257.85	103.8 %	(13.42)	89.9 %	(0.01)
Q3 2015	2,194.63	(32.2 %)	269.19	(15.3 %)	(13.81)	(120.6 %)	(0.01)
Q4 2015	1,879.36	(25.6 %)	(368.21)	(237.5 %)	(624.14)	(5397.8 %)	(0.42)
2015	7,975.72	(31.5 %)	(209.04)	(121.4 %)	(1243.01)	(2,680.5 %)	(0.83)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2006	-	-	-	-	-	-	-
2007	-	-	-	-	322.51	-	0.22
2008	-	-	-	-	171.57	(46.8 %)	0.11
2009	-	-	-	-	(16.92)	(109.9 %)	(0.01)
2010	-	-	-	-	(14.61)	13.6 %	(0.01)
2011	2,403.41	-	32.44	-	(250.25)	(1,612.6 %)	(0.17)
2012	9,482.23	294.5 %	151.61	367.4 %	(772.27)	(208.6 %)	(0.51)
2013	10,352.65	9.2 %	625.10	312.3 %	(346.41)	55.1 %	(0.23)
2014	11,636.03	12.4 %	975.60	56.1 %	(44.71)	87.1 %	(0.03)
2015	7,975.72	(31.5 %)	(209.04)	(121.4 %)	(1243.01)	(2,680.5 %)	(0.83)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
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	1.35 %	16.92 %	(9.96 %)
2011	1.35 %	16.92 %	(9.96 %)
Q1 2012	3.70 %	21.55 %	(6.79 %)
Q2 2012	1.37 %	19.05 %	(9.08 %)
Q3 2012	1.62 %	19.64 %	(8.46 %)
Q4 2012	1.60 %	19.88 %	(8.14 %)
2012	1.60 %	19.88 %	(8.14 %)
Q1 2013	0.82 %	19.41 %	(8.99 %)
Q2 2013	1.37 %	23.60 %	(8.07 %)
Q3 2013	3.70 %	25.88 %	(5.26 %)
Q4 2013	5.87 %	24.25 %	(3.35 %)
2013	6.04 %	24.41 %	(3.35 %)
Q1 2014	7.25 %	24.70 %	(1.62 %)
Q2 2014	8.07 %	22.57 %	(0.64 %)
Q3 2014	8.05 %	21.45 %	(0.44 %)
Q4 2014	8.36 %	25.33 %	(0.38 %)
2014	8.38 %	25.35 %	(0.38 %)
Q1 2015	3.29 %	22.85 %	(6.16 %)
Q2 2015	4.92 %	26.19 %	(5.45 %)
Q3 2015	4.95 %	28.93 %	(7.04 %)
Q4 2015	(2.62 %)	23.62 %	(15.58 %)
2015	(2.62 %)	23.62 %	(15.58 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	1.35 %	16.92 %	(9.96 %)
2012	1.60 %	19.88 %	(8.14 %)
2013	6.04 %	24.41 %	(3.35 %)
2014	8.38 %	25.35 %	(0.38 %)
2015	(2.62 %)	23.62 %	(15.58 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	1.35 %	17.38 %	(7.48 %)
Q1 2012	6.47 %	26.83 %	(3.48 %)
Q2 2012	(3.12 %)	14.10 %	(14.17 %)
Q3 2012	2.40 %	21.25 %	(8.12 %)
Q4 2012	1.33 %	18.58 %	(6.65 %)
Q1 2013	2.82 %	24.54 %	(7.45 %)
Q2 2013	(0.88 %)	31.44 %	(10.41 %)
Q3 2013	9.99 %	29.63 %	1.42 %
Q4 2013	9.02 %	12.82 %	0.12 %
Q1 2014	8.97 %	26.18 %	0.34 %
Q2 2014	4.27 %	21.38 %	(4.49 %)
Q3 2014	9.83 %	25.10 %	2.07 %
Q4 2014	10.60 %	29.30 %	0.47 %
Q1 2015	(20.99 %)	11.87 %	(33.76 %)
Q2 2015	12.00 %	35.84 %	(0.62 %)
Q3 2015	12.27 %	35.37 %	(0.63 %)
Q4 2015	(19.59 %)	6.89 %	(33.21 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	1,500.00	-	-	10.28
Q2 2008	1,500.00	-	-	10.32
Q3 2008	1,500.00	-	-	10.33
Q4 2008	1,500.00	0.11	0.12	10.33
Q1 2009	1,500.00	0.05	0.05	10.33
Q2 2009	1,500.00	0.00	0.02	10.32
Q3 2009	1,500.00	(0.02)	0.00	10.32
Q4 2009	1,500.00	(0.01)	(0.01)	10.32
Q1 2010	1,500.00	(0.01)	(0.01)	10.32
Q2 2010	1,500.00	(0.01)	(0.01)	10.31
Q3 2010	1,500.00	(0.01)	(0.01)	10.31
Q4 2010	1,500.00	(0.01)	(0.01)	10.31
Q1 2011	1,500.00	(0.01)	(0.01)	10.30
Q2 2011	1,500.00	(0.02)	(0.02)	10.29
Q3 2011	1,500.00	(0.04)	(0.04)	10.27
Q4 2011	1,500.00	(0.17)	(0.16)	10.14
Q1 2012	1,500.00	(0.21)	(0.20)	10.09
Q2 2012	1,500.00	(0.42)	(0.41)	9.88
Q3 2012	1,500.00	(0.51)	(0.51)	9.76
Q4 2012	1,500.00	(0.51)	(0.51)	9.63
Q1 2013	1,500.00	(0.57)	(0.57)	9.52
Q2 2013	1,500.00	(0.51)	(0.51)	9.36
Q3 2013	1,500.00	(0.36)	(0.36)	9.39
Q4 2013	1,500.00	(0.23)	(0.23)	9.40
Q1 2014	1,500.00	(0.12)	(0.12)	9.40
Q2 2014	1,500.00	(0.05)	(0.05)	9.31
Q3 2014	1,500.00	(0.04)	(0.04)	9.36
Q4 2014	1,500.00	(0.03)	(0.03)	9.37
Q1 2015	1,500.00	(0.43)	(0.43)	8.97
Q2 2015	1,500.00	(0.35)	(0.35)	8.96
Q3 2015	1,500.00	(0.40)	(0.40)	8.95
Q4 2015	1,500.00	(0.83)	(0.83)	8.54

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	-	-	-	-
2007	1,500.00	0.22	0.32	10.22
2008	1,500.00	0.11	0.12	10.33
2009	1,500.00	(0.01)	(0.01)	10.32
2010	1,500.00	(0.01)	(0.01)	10.31
2011	1,500.00	(0.17)	(0.16)	10.14
2012	1,500.00	(0.51)	(0.51)	9.63
2013	1,500.00	(0.23)	(0.23)	9.40
2014	1,500.00	(0.03)	(0.03)	9.37
2015	1,500.00	(0.83)	(0.83)	8.54

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	2.36
Q2 2008	-	-	2.40
Q3 2008	-	-	1.67
Q4 2008	85.24	81.47	0.94
Q1 2009	More than 100	More than 100	1.01
Q2 2009	More than 100	More than 100	1.33
Q3 2009	NEG	NEG	1.49
Q4 2009	NEG	NEG	1.76
Q1 2010	NEG	NEG	1.87
Q2 2010	NEG	NEG	1.74
Q3 2010	NEG	NEG	1.72
Q4 2010	NEG	NEG	1.87
Q1 2011	NEG	NEG	1.81
Q2 2011	NEG	NEG	1.79
Q3 2011	NEG	NEG	1.66
Q4 2011	NEG	NEG	1.72
Q1 2012	NEG	NEG	2.00
Q2 2012	NEG	NEG	1.51
Q3 2012	NEG	NEG	1.34
Q4 2012	NEG	NEG	1.26
Q1 2013	NEG	NEG	1.21
Q2 2013	NEG	NEG	1.22
Q3 2013	NEG	NEG	1.28
Q4 2013	NEG	NEG	1.67
Q1 2014	NEG	NEG	1.76
Q2 2014	NEG	NEG	1.58
Q3 2014	NEG	NEG	1.78
Q4 2014	NEG	NEG	1.17
Q1 2015	NEG	NEG	1.20
Q2 2015	NEG	NEG	1.20
Q3 2015	NEG	NEG	0.93
Q4 2015	NEG	NEG	0.79

Period	P/E	Adjusted P/E	Price/book
2006	-	-	-
2007	More than 100	80.16	2.55
2008	85.24	81.47	0.94
2009	NEG	NEG	1.76
2010	NEG	NEG	1.87
2011	NEG	NEG	1.72
2012	NEG	NEG	1.26
2013	NEG	NEG	1.67
2014	NEG	NEG	1.17
2015	NEG	NEG	0.79

Analysts Estimates (Million)

Item	Q4 2015 (e)	Q4 2015 (a)	Change‬
Average	11.98	(624.14)	(5312.0 %)

Estimates vs Actual (Million)

Item	Q4 2015 (e)	Q4 2015 (a)	Change
SFC	73.00	(624.14)	(955.0) %
SNB Capital	(18.00)	(624.14)	(3367.4) %
Riyad Capital	(16.00)	(624.14)	(3800.8) %
AlJazira Capital	8.90	(624.14)	(7112.8) %

Financial Ratios

	Current
Market Cap (M Riyal)	11,955.00
Enterprise Value (EV) (M)	21,075.66
Shares Outstanding ((M))	1,500.00
EPS ( Riyal) (TTM)	(1.36)
Book Value (BV) ( Riyal)	8.50
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	0.94
Return on Average Assets (%) (TTM)	(7.44 )
Return on Average Equity (%) (TTM)	(14.78 )

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Kayan’s losses surge to SAR 1.2 bln in 2015

View other reports

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Kayan’s losses surge to SAR 1.2 bln in 2015

View other reports

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}