Saudi Kayan posts SAR 592 mln net loss in Q1-2015

16/04/2015 Argaam Exclusive

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Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

Saudi Kayan Petrochemical Company, which is 35 percent owned by Sabic, reported a net loss of SAR 591.6 million for first quarter, compared to a net profit of SAR 9.9 million for the same period in 2014.

Compared to the same period last year and to the previous quarter, first quarter's net loss was mainly attributed to weak selling prices, as well as lower production and sales volumes caused by a maintenance shutdown in one of the company’s plants.

Financial charges and Zakat expenses also increased this quarter, the company added.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	2,909.36	1,752.65	(39.8 %)
Gross Income	260.96	(367.86)	(241.0 %)
Operating Income	161.50	(442.91)	(374.2 %)
Net Income	9.94	(591.64)	(6052.2 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	0.01	(0.39)	(6052.2 %)

Item	Q4 2014	Q1 2015	Change‬
Revenues	2,526.04	1,752.65	(30.6 %)
Gross Income	267.87	(367.86)	(237.3 %)
Operating Income	144.72	(442.91)	(406.0 %)
Net Income	11.78	(591.64)	(5122.0 %)
Average Shares	1,500.00	1,500.00	-
EPS (Riyals)	0.01	(0.39)	(5122.0 %)

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)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	-	-	-	-	-	-	-
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)

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 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
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 %)

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 %)

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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
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

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	More than 50	More than 50	0.94
Q1 2009	More than 50	More than 50	1.01
Q2 2009	More than 50	More than 50	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

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	More than 50	More than 50	2.55
2008	More than 50	More than 50	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

Analysts Estimates (Million)

Item	Q1 2015 (e)	Q1 2015 (a)	Change‬
Average	(324.68)	(591.64)	(82.2 %)

Estimates vs Actual (Million)

Item	Q1 2015 (e)	Q1 2015 (a)	Change
SNB Capital	(443.00)	(591.64)	(33.6) %
SFC	(428.00)	(591.64)	(38.2) %
Riyad Capital	(235.00)	(591.64)	(151.8) %
AlJazira Capital	(192.70)	(591.64)	(207.0) %

Financial Ratios

	Current
Market Cap (M Riyal)	12,900.00
Enterprise Value (EV) (M)	22,020.66
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	1.01
Return on Average Assets (%) (TTM)	(7.44 )
Return on Average Equity (%) (TTM)	(14.78 )

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Saudi Kayan posts SAR 592 mln net loss in Q1-2015

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Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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

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Saudi Kayan posts SAR 592 mln net loss in Q1-2015

View other reports

Share Price

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

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

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