Yanbu Cement’s net profit more than doubles in H1 2019

06/08/2019 Argaam Exclusive

View other reports

Share Price

Yanbu Cement Co. (YCC)

Yanbu Cement Co. reported a net profit after zakat and tax of SAR 113.03 million for H1 2019, an over twofold increase year-on-year (YoY) on higher average selling prices, and higher clinker exports.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	412.89	469.38	13.7 %
Gross Income	61.75	155.83	152.4 %
Operating Income	37.78	121.62	221.9 %
Net Income	43.66	112.96	158.7 %
Average Shares	157.50	157.50	-
EPS (Riyals)	0.28	0.72	158.7 %

The second quarter net profit after zakat and tax soared to SAR 40.2 million compared to SAR 4.7 million in Q2 2018 driven also by higher average selling prices, as well as higher clinker exports despite increased selling, general and administrative (G&A) expenses.

Meanwhile, Q2 2019 net profit fell 44.9 percent compared to the previous quarter on lower sales in Ramadan, higher G&A expenses and a decline in profit share from associates.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	197.37	209.57	6.2 %
Gross Income	20.44	63.15	209.0 %
Operating Income	7.52	40.41	437.7 %
Net Income	4.04	40.44	902.1 %
Average Shares	157.50	157.50	-
EPS (Riyals)	0.03	0.26	902.1 %

Item	Q1 2019	Q2 2019	Change‬
Revenues	259.81	209.57	(19.3 %)
Gross Income	92.68	63.15	(31.9 %)
Operating Income	81.20	40.41	(50.2 %)
Net Income	72.52	40.44	(44.2 %)
Average Shares	157.50	157.50	-
EPS (Riyals)	0.46	0.26	(44.2 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2010	239.53	(13.7 %)	127.65	(20.2 %)	123.18	(18.8 %)	0.78
Q2 2010	252.03	(8.4 %)	122.10	(22.4 %)	113.42	(24.9 %)	0.72
Q3 2010	191.51	(4.4 %)	103.64	(4.4 %)	94.24	(3.5 %)	0.60
Q4 2010	212.43	11.7 %	111.38	32.7 %	99.53	22.0 %	0.63
2010	895.50	(5.1 %)	464.77	(8.8 %)	430.36	(10.7 %)	2.73
Q1 2011	229.05	(4.4 %)	110.85	(13.2 %)	101.10	(17.9 %)	0.64
Q2 2011	311.37	23.5 %	158.57	29.9 %	149.90	32.2 %	0.95
Q3 2011	272.50	42.3 %	134.68	30.0 %	124.88	32.5 %	0.79
Q4 2011	319.35	50.3 %	151.41	35.9 %	153.40	54.1 %	0.97
2011	1,132.27	26.4 %	555.51	19.5 %	529.28	23.0 %	3.36
Q1 2012	309.34	35.1 %	157.75	42.3 %	144.76	43.2 %	0.92
Q2 2012	431.73	38.7 %	234.87	48.1 %	215.59	43.8 %	1.37
Q3 2012	338.95	24.4 %	174.32	29.4 %	156.71	25.5 %	0.99
Q4 2012	416.48	30.4 %	225.10	48.7 %	203.43	32.6 %	1.29
2012	1,496.50	32.2 %	792.05	42.6 %	720.48	36.1 %	4.57
Q1 2013	455.76	47.3 %	263.22	66.9 %	247.02	70.6 %	1.57
Q2 2013	479.95	11.2 %	293.97	25.2 %	274.41	27.3 %	1.74
Q3 2013	325.42	(4.0 %)	156.71	(10.1 %)	139.64	(10.9 %)	0.89
Q4 2013	359.13	(13.8 %)	171.22	(23.9 %)	160.22	(21.2 %)	1.02
2013	1,620.26	8.3 %	885.11	11.7 %	821.30	14.0 %	5.21
Q1 2014	439.50	(3.6 %)	223.25	(15.2 %)	205.22	(16.9 %)	1.30
Q2 2014	445.90	(7.1 %)	238.28	(18.9 %)	240.56	(12.3 %)	1.53
Q3 2014	295.77	(9.1 %)	181.40	15.8 %	162.84	16.6 %	1.03
Q4 2014	378.22	5.3 %	210.28	22.8 %	193.31	20.7 %	1.23
2014	1,559.39	(3.8 %)	853.22	(3.6 %)	801.93	(2.4 %)	5.09
Q1 2015	437.10	(0.5 %)	224.25	0.4 %	207.17	0.9 %	1.32
Q2 2015	438.79	(1.6 %)	261.79	9.9 %	245.50	2.1 %	1.56
Q3 2015	310.72	5.1 %	161.63	(10.9 %)	144.67	(11.2 %)	0.92
Q4 2015	426.36	12.7 %	223.80	6.4 %	208.75	8.0 %	1.33
2015	1,612.98	3.4 %	871.46	2.1 %	806.08	0.5 %	5.12
Q1 2016	399.62	(8.6 %)	199.87	(10.9 %)	170.69	(17.6 %)	1.08
Q2 2016	348.28	(20.6 %)	169.34	(35.3 %)	159.23	(35.1 %)	1.01
Q3 2016	235.52	(24.2 %)	107.30	(33.6 %)	92.06	(36.4 %)	0.58
Q4 2016	302.88	(29.0 %)	136.21	(39.1 %)	103.78	(50.3 %)	0.66
2016	1,286.29	(20.3 %)	612.72	(29.7 %)	525.76	(34.8 %)	3.34
Q1 2017	307.22	(23.1 %)	131.95	(34.0 %)	124.27	(27.2 %)	0.79
Q2 2017	214.25	(38.5 %)	82.86	(51.1 %)	80.48	(49.5 %)	0.51
Q3 2017	172.71	(26.7 %)	27.22	(74.6 %)	17.97	(80.5 %)	0.11
Q4 2017	222.44	(26.6 %)	115.73	(15.0 %)	96.15	(7.4 %)	0.61
2017	916.62	(28.7 %)	357.47	(41.7 %)	318.88	(39.3 %)	2.02
Q1 2018	215.53	(29.8 %)	41.31	(68.7 %)	39.63	(68.1 %)	0.25
Q2 2018	197.37	(7.9 %)	20.44	(75.3 %)	4.04	(95.0 %)	0.03
Q3 2018	152.81	(11.5 %)	23.77	(12.7 %)	13.28	(26.1 %)	0.08
Q4 2018	201.43	(9.4 %)	57.34	(50.5 %)	34.24	(64.4 %)	0.22
2018	767.13	(16.3 %)	142.86	(60.0 %)	91.19	(71.4 %)	0.58
Q1 2019	259.81	20.5 %	92.68	124.3 %	72.52	83.0 %	0.46
Q2 2019	209.57	6.2 %	63.15	209.0 %	40.44	902.1 %	0.26

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	943.23	(13.7 %)	509.54	(12.9 %)	482.06	(13.9 %)	3.06
2010	895.50	(5.1 %)	464.77	(8.8 %)	430.36	(10.7 %)	2.73
2011	1,132.27	26.4 %	555.51	19.5 %	529.28	23.0 %	3.36
2012	1,496.50	32.2 %	792.05	42.6 %	720.48	36.1 %	4.57
2013	1,620.26	8.3 %	885.11	11.7 %	821.30	14.0 %	5.21
2014	1,559.39	(3.8 %)	853.22	(3.6 %)	801.93	(2.4 %)	5.09
2015	1,612.98	3.4 %	871.46	2.1 %	806.08	0.5 %	5.12
2016	1,286.29	(20.3 %)	612.72	(29.7 %)	525.76	(34.8 %)	3.34
2017	916.62	(28.7 %)	357.47	(41.7 %)	318.88	(39.3 %)	2.02
2018	767.13	(16.3 %)	142.86	(60.0 %)	91.19	(71.4 %)	0.58

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	52.72 %	60.95 %	50.09 %
Q2 2010	50.12 %	58.58 %	47.14 %
Q3 2010	50.08 %	58.60 %	47.23 %
Q4 2010	51.90 %	60.21 %	48.06 %
2010	51.90 %	60.21 %	48.06 %
Q1 2011	50.62 %	59.02 %	46.13 %
Q2 2011	51.30 %	59.13 %	47.10 %
Q3 2011	50.27 %	57.87 %	46.37 %
Q4 2011	49.06 %	56.71 %	46.74 %
2011	49.06 %	56.71 %	46.74 %
Q1 2012	49.68 %	57.26 %	47.25 %
Q2 2012	50.92 %	59.65 %	47.91 %
Q3 2012	51.33 %	61.22 %	47.91 %
Q4 2012	52.93 %	63.15 %	48.14 %
2012	52.93 %	63.15 %	48.14 %
Q1 2013	54.63 %	65.08 %	50.08 %
Q2 2013	56.57 %	66.79 %	52.13 %
Q3 2013	55.97 %	66.15 %	51.53 %
Q4 2013	54.63 %	65.00 %	50.69 %
2013	54.63 %	65.00 %	50.69 %
Q1 2014	52.69 %	63.16 %	48.60 %
Q2 2014	50.29 %	61.01 %	46.24 %
Q3 2014	52.86 %	63.87 %	48.63 %
Q4 2014	54.71 %	65.75 %	50.16 %
2014	54.71 %	65.75 %	50.16 %
Q1 2015	54.86 %	65.83 %	50.36 %
Q2 2015	56.63 %	67.51 %	52.19 %
Q3 2015	54.83 %	65.59 %	50.53 %
Q4 2015	54.03 %	64.33 %	49.97 %
2015	54.03 %	64.33 %	49.97 %
Q1 2016	53.77 %	64.52 %	48.85 %
Q2 2016	50.82 %	62.28 %	46.02 %
Q3 2016	49.68 %	61.97 %	44.74 %
Q4 2016	47.63 %	59.82 %	40.87 %
2016	47.63 %	59.82 %	40.87 %
Q1 2017	45.63 %	58.93 %	40.15 %
Q2 2017	43.24 %	58.50 %	36.65 %
Q3 2017	37.94 %	54.41 %	31.53 %
Q4 2017	39.03 %	59.13 %	33.47 %
2017	39.00 %	59.10 %	33.47 %
Q1 2018	32.38 %	53.63 %	25.62 %
Q2 2018	25.33 %	45.66 %	18.19 %
Q3 2018	25.53 %	44.82 %	18.06 %
Q4 2018	18.62 %	37.80 %	10.48 %
2018	18.62 %	37.79 %	10.48 %
Q1 2019	23.94 %	42.02 %	15.29 %
Q2 2019	28.77 %	45.32 %	19.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	54.02 %	61.86 %	51.11 %
2010	51.90 %	60.21 %	48.06 %
2011	49.06 %	56.71 %	46.74 %
2012	52.93 %	63.15 %	48.14 %
2013	54.63 %	65.00 %	50.69 %
2014	54.71 %	65.75 %	50.16 %
2015	54.03 %	64.33 %	49.97 %
2016	47.63 %	59.82 %	40.87 %
2017	39.00 %	59.10 %	33.47 %
2018	18.62 %	37.79 %	10.48 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	53.29 %	61.34 %	51.42 %
Q2 2010	48.45 %	55.93 %	45.00 %
Q3 2010	54.12 %	63.82 %	49.21 %
Q4 2010	52.43 %	60.73 %	46.85 %
Q1 2011	48.40 %	56.80 %	44.14 %
Q2 2011	50.93 %	56.87 %	48.14 %
Q3 2011	49.43 %	57.69 %	45.83 %
Q4 2011	47.41 %	55.65 %	48.03 %
Q1 2012	51.00 %	58.92 %	46.80 %
Q2 2012	54.40 %	64.36 %	49.94 %
Q3 2012	51.43 %	64.57 %	46.23 %
Q4 2012	54.05 %	63.89 %	48.84 %
Q1 2013	57.75 %	67.24 %	54.20 %
Q2 2013	61.25 %	70.45 %	57.18 %
Q3 2013	48.15 %	61.18 %	42.91 %
Q4 2013	47.68 %	58.34 %	44.61 %
Q1 2014	50.80 %	60.59 %	46.69 %
Q2 2014	53.44 %	63.45 %	49.52 %
Q3 2014	61.33 %	76.10 %	55.06 %
Q4 2014	55.60 %	66.37 %	51.11 %
Q1 2015	51.30 %	60.83 %	47.40 %
Q2 2015	59.66 %	69.37 %	55.95 %
Q3 2015	52.02 %	66.01 %	46.56 %
Q4 2015	52.49 %	61.50 %	48.96 %
Q1 2016	50.01 %	61.28 %	42.71 %
Q2 2016	48.62 %	61.05 %	45.72 %
Q3 2016	45.56 %	65.39 %	39.09 %
Q4 2016	44.97 %	52.15 %	34.27 %
Q1 2017	42.95 %	58.25 %	40.45 %
Q2 2017	38.68 %	60.26 %	31.91 %
Q3 2017	15.76 %	44.27 %	10.41 %
Q4 2017	52.03 %	70.80 %	43.23 %
Q1 2018	19.17 %	36.80 %	13.39 %
Q2 2018	10.35 %	28.20 %	2.04 %
Q3 2018	15.55 %	39.78 %	8.69 %
Q4 2018	28.47 %	46.77 %	17.00 %
Q1 2019	35.67 %	50.14 %	27.91 %
Q2 2019	30.14 %	42.00 %	19.30 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2010	157.50	2.88	2.88	14.11
Q2 2010	157.50	2.64	2.64	14.83
Q3 2010	157.50	2.62	2.62	15.43
Q4 2010	157.50	2.73	2.73	16.06
Q1 2011	157.50	2.59	2.59	15.35
Q2 2011	157.50	2.82	2.82	16.30
Q3 2011	157.50	3.02	3.02	17.10
Q4 2011	157.50	3.36	3.36	18.07
Q1 2012	157.50	3.64	3.64	17.31
Q2 2012	157.50	4.05	4.05	18.68
Q3 2012	157.50	4.26	4.26	19.67
Q4 2012	157.50	4.57	4.57	20.96
Q1 2013	157.50	5.22	5.22	19.19
Q2 2013	157.50	5.60	5.60	20.93
Q3 2013	157.50	5.49	5.49	19.81
Q4 2013	157.50	5.21	5.21	20.83
Q1 2014	157.50	4.95	4.95	20.12
Q2 2014	157.50	4.73	4.61	21.65
Q3 2014	157.50	4.88	4.76	21.18
Q4 2014	157.50	5.09	4.97	22.41
Q1 2015	157.50	5.10	4.98	23.72
Q2 2015	157.50	5.14	5.14	22.77
Q3 2015	157.50	5.02	5.02	22.19
Q4 2015	157.50	5.12	5.12	23.51
Q1 2016	157.50	4.89	4.89	24.56
Q2 2016	157.50	4.34	4.34	21.17
Q3 2016	157.50	4.00	4.00	21.77
Q4 2016	157.50	3.34	3.34	22.27
Q1 2017	157.50	3.04	3.04	21.10
Q2 2017	157.50	2.54	2.47	20.86
Q3 2017	157.50	2.07	2.00	20.98
Q4 2017	157.50	2.02	1.95	21.54
Q1 2018	157.50	1.49	1.34	21.79
Q2 2018	157.50	1.00	0.93	20.57
Q3 2018	157.50	0.97	0.90	20.15
Q4 2018	157.50	0.58	0.51	20.37
Q1 2019	157.50	0.79	0.79	20.83
Q2 2019	157.50	1.02	1.02	20.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	157.50	3.06	3.06	15.34
2010	157.50	2.73	2.73	16.06
2011	157.50	3.36	3.36	18.07
2012	157.50	4.57	4.57	20.96
2013	157.50	5.21	5.21	20.83
2014	157.50	5.09	4.97	22.41
2015	157.50	5.12	5.12	23.51
2016	157.50	3.34	3.34	22.27
2017	157.50	2.02	1.95	21.54
2018	157.50	0.58	0.51	20.37

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	10.84	10.84	2.21
Q2 2010	10.86	10.86	1.93
Q3 2010	10.62	10.62	1.80
Q4 2010	10.44	10.44	1.78
Q1 2011	11.65	11.65	1.97
Q2 2011	12.99	12.99	2.25
Q3 2011	12.65	12.65	2.23
Q4 2011	13.59	13.59	2.53
Q1 2012	14.29	14.29	3.00
Q2 2012	13.03	13.03	2.83
Q3 2012	11.67	11.67	2.52
Q4 2012	11.44	11.44	2.50
Q1 2013	11.15	11.15	3.04
Q2 2013	12.01	12.01	3.21
Q3 2013	13.44	13.44	3.72
Q4 2013	12.80	12.80	3.20
Q1 2014	14.19	14.19	3.49
Q2 2014	15.42	15.84	3.37
Q3 2014	15.87	16.29	3.66
Q4 2014	12.11	12.41	2.75
Q1 2015	13.56	13.90	2.92
Q2 2015	12.35	12.35	2.78
Q3 2015	10.69	10.69	2.42
Q4 2015	8.52	8.52	1.86
Q1 2016	10.06	10.06	2.00
Q2 2016	9.98	9.98	2.05
Q3 2016	8.41	8.41	1.55
Q4 2016	12.13	12.13	1.82
Q1 2017	12.06	12.06	1.74
Q2 2017	12.55	12.94	1.53
Q3 2017	13.74	14.27	1.36
Q4 2017	16.70	17.36	1.57
Q1 2018	22.28	24.70	1.52
Q2 2018	27.00	28.98	1.32
Q3 2018	22.28	23.97	1.07
Q4 2018	41.45	47.01	1.18
Q1 2019	35.73	35.73	1.35
Q2 2019	30.33	30.33	1.50

Period	P/E	Adjusted P/E	Price/book
2009	10.57	10.57	2.11
2010	10.44	10.44	1.78
2011	13.59	13.59	2.53
2012	11.44	11.44	2.50
2013	12.80	12.80	3.20
2014	12.11	12.41	2.75
2015	8.52	8.52	1.86
2016	12.13	12.13	1.82
2017	16.70	17.36	1.57
2018	41.45	47.01	1.18

Business Segments (Million)

Compared With The

Period	Bulk Cement	Packed Cement	Cement Bags	Raw Cement (Clinker)
Q1 2019	110.95	66.33	13.23	69.30
Q2 2019	95.23	51.35	7.59	55.41

Analysts Estimates (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change‬
Average	55.62	40.44	(27.3 %)

Estimates vs Actual (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change
AlJazira Capital	49.70	40.44	(18.6) %
SNB Capital	52.00	40.44	(22.2) %
Al Rajhi Capital	57.00	40.44	(29.0) %
Riyad Capital	59.00	40.44	(31.5) %
OSOOL AND BAKHEET	60.40	40.44	(33.0) %

Financial Ratios

	Current
Market Cap (M Riyal)	4,512.38
Enterprise Value (EV) (M)	4,702.89
Shares Outstanding ((M))	157.50
EPS ( Riyal) (TTM)	0.81
Book Value (BV) ( Riyal)	17.21
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	35.47
P/E (TTM)	35.47
Price/book	1.66
Return on Average Assets (%) (TTM)	3.8
Return on Average Equity (%) (TTM)	4.6

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

Yanbu Cement’s net profit more than doubles in H1 2019

View other reports

Share Price

Yanbu Cement Co. (YCC)

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)

Revenue by Business Segment (Latest) 2019 Q2

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?

Yanbu Cement’s net profit more than doubles in H1 2019

View other reports

Share Price

Yanbu Cement Co. (YCC)

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 2019

Revenue by Business Segment (Latest) 2019 Q2

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}}

Business Segments (Million)