Alujain FY15 net profit falls 36% to SAR 106 mln

18/01/2016 Argaam Exclusive

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Alujain Corp. (ALUJAIN)

Alujain Corporation, a holding company with interests in petrochemicals and energy, reported an estimated net profit of SAR 106.4 million for the 2015 fiscal year, marking a 36.4 percent fall year-on-year (YOY) which was attributed to lower selling prices and lower sales quantities due to turnarounds and shutdowns.

Financials (M)

Item	2014	2015	Change‬
Revenues	2,132.70	1,460.50	(31.5 %)
Gross Income	434.16	373.50	(14.0 %)
Operating Income	355.99	295.81	(16.9 %)
Net Income	167.38	106.39	(36.4 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	2.42	1.54	(36.4 %)

The company’s net profit for Q4-2015 was SAR 27.47 million, down 58 percent compared to the same quarter last year. Profit for the period was also 40 percent lower compared to the previous quarter, mainly due to selling prices of polypropylene declining more than feedstock.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2014	Q4 2015	Change‬
Revenues	572.98	400.80	(30.0 %)
Gross Income	163.48	92.03	(43.7 %)
Operating Income	142.19	72.28	(49.2 %)
Net Income	65.19	27.47	(57.9 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	0.94	0.40	(57.9 %)

Item	Q3 2015	Q4 2015	Change‬
Revenues	412.62	400.80	(2.9 %)
Gross Income	129.69	92.03	(29.0 %)
Operating Income	109.62	72.28	(34.1 %)
Net Income	45.56	27.47	(39.7 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	0.66	0.40	(39.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	(0.71)	(167.1 %)	(0.01)
Q2 2006	-	-	-	-	(0.38)	(117.3 %)	(0.01)
Q3 2006	-	-	-	-	(1.23)	(341.4 %)	(0.02)
Q4 2006	-	-	-	-	2.67	692.4 %	0.04
2006	-	-	-	-	0.35	(89.4 %)	0.01
Q1 2007	-	-	-	-	(2.14)	(204.0 %)	(0.03)
Q2 2007	-	-	-	-	(4.31)	(1,036.7 %)	(0.06)
Q3 2007	-	-	-	-	(13.95)	(1,033.1 %)	(0.20)
Q4 2007	-	-	-	-	(19.05)	(814.4 %)	(0.28)
2007	-	-	-	-	(39.45)	(11338.2 %)	(0.57)
Q1 2008	-	-	-	-	(13.07)	(510.1 %)	(0.19)
Q2 2008	-	-	-	-	(11.64)	(170.2 %)	(0.17)
Q3 2008	-	-	-	-	(10.17)	27.1 %	(0.15)
Q4 2008	-	-	-	-	(30.22)	(58.7 %)	(0.44)
2008	-	-	-	-	(65.10)	(65.0 %)	(0.94)
Q1 2009	-	-	-	-	(10.83)	17.2 %	(0.16)
Q2 2009	-	-	-	-	(9.04)	22.4 %	(0.13)
Q3 2009	-	-	-	-	(9.94)	2.3 %	(0.14)
Q4 2009	-	-	-	-	2.53	108.4 %	0.04
2009	-	-	-	-	(27.28)	58.1 %	(0.39)
Q1 2010	-	-	-	-	(6.67)	38.4 %	(0.10)
Q2 2010	-	-	-	-	(7.28)	19.5 %	(0.11)
Q3 2010	313.42	-	64.14	-	16.44	265.5 %	0.24
Q4 2010	538.71	-	114.88	-	39.69	1471.8 %	0.57
2010	852.13	-	179.02	-	42.18	254.6 %	0.61
Q1 2011	375.03	-	57.22	-	11.39	270.8 %	0.16
Q2 2011	304.45	-	15.06	-	(19.33)	(165.6 %)	(0.28)
Q3 2011	477.44	52.3 %	84.34	31.5 %	22.80	38.7 %	0.33
Q4 2011	314.95	(41.5 %)	2.20	(98.1 %)	(24.82)	(162.5 %)	(0.36)
2011	1,471.87	72.7 %	158.81	(11.3 %)	(9.95)	(123.6 %)	(0.14)
Q1 2012	561.81	49.8 %	63.15	10.4 %	9.60	(15.8 %)	0.14
Q2 2012	490.50	61.1 %	78.12	418.9 %	14.36	174.3 %	0.21
Q3 2012	522.58	9.5 %	64.47	(23.6 %)	10.61	(53.5 %)	0.15
Q4 2012	537.05	70.5 %	86.67	3846.9 %	17.12	169.0 %	0.25
2012	2,111.94	43.5 %	292.42	84.1 %	51.68	619.3 %	0.75
Q1 2013	271.41	(51.7 %)	19.34	(69.4 %)	(15.89)	(265.6 %)	(0.23)
Q2 2013	521.09	6.2 %	102.07	30.7 %	34.94	143.3 %	0.50
Q3 2013	496.85	(4.9 %)	110.98	72.1 %	56.96	437.1 %	0.82
Q4 2013	586.85	9.3 %	111.46	28.6 %	33.82	97.5 %	0.49
2013	1,876.20	(11.2 %)	343.85	17.6 %	109.82	112.5 %	1.59
Q1 2014	452.75	66.8 %	68.61	254.8 %	14.77	193.0 %	0.21
Q2 2014	559.46	7.4 %	87.52	(14.3 %)	52.57	50.5 %	0.76
Q3 2014	547.50	10.2 %	114.55	3.2 %	34.85	(38.8 %)	0.50
Q4 2014	572.98	(2.4 %)	163.48	46.7 %	65.19	92.8 %	0.94
2014	2,132.70	13.7 %	434.16	26.3 %	167.38	52.4 %	2.42
Q1 2015	220.70	(51.3 %)	15.04	(78.1 %)	(16.83)	(213.9 %)	(0.24)
Q2 2015	426.38	(23.8 %)	136.74	56.2 %	50.18	(4.5 %)	0.73
Q3 2015	412.62	(24.6 %)	129.69	13.2 %	45.56	30.7 %	0.66
Q4 2015	400.80	(30.0 %)	92.03	(43.7 %)	27.47	(57.9 %)	0.40
2015	1,460.50	(31.5 %)	373.50	(14.0 %)	106.39	(36.4 %)	1.54

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2006	-	-	-	-	0.35	(89.4 %)	0.01
2007	-	-	-	-	(39.45)	(11338.2 %)	(0.57)
2008	-	-	-	-	(65.10)	(65.0 %)	(0.94)
2009	-	-	-	-	(27.28)	58.1 %	(0.39)
2010	852.13	-	179.02	-	42.18	254.6 %	0.61
2011	1,471.87	72.7 %	158.81	(11.3 %)	(9.95)	(123.6 %)	(0.14)
2012	2,111.94	43.5 %	292.42	84.1 %	51.68	619.3 %	0.75
2013	1,876.20	(11.2 %)	343.85	17.6 %	109.82	112.5 %	1.59
2014	2,132.70	13.7 %	434.16	26.3 %	167.38	52.4 %	2.42
2015	1,460.50	(31.5 %)	373.50	(14.0 %)	106.39	(36.4 %)	1.54

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	20.46 %	6.33 %	(2.00 %)
Q4 2010	21.01 %	19.94 %	3.62 %
2010	21.01 %	19.94 %	3.62 %
Q1 2011	19.25 %	21.11 %	3.99 %
Q2 2011	16.41 %	20.65 %	3.15 %
Q3 2011	16.01 %	20.87 %	3.22 %
Q4 2011	10.79 %	16.82 %	(0.68 %)
2011	10.79 %	16.82 %	(0.68 %)
Q1 2012	9.93 %	15.21 %	(0.71 %)
Q2 2012	12.35 %	16.96 %	1.19 %
Q3 2012	11.00 %	15.44 %	0.52 %
Q4 2012	13.85 %	19.00 %	2.45 %
2012	13.85 %	19.00 %	2.45 %
Q1 2013	13.65 %	20.08 %	1.44 %
Q2 2013	14.72 %	21.57 %	2.53 %
Q3 2013	17.47 %	24.82 %	4.13 %
Q4 2013	18.33 %	24.00 %	4.91 %
2013	18.33 %	24.00 %	4.91 %
Q1 2014	19.11 %	24.32 %	5.97 %
Q2 2014	18.06 %	23.20 %	5.30 %
Q3 2014	17.80 %	22.74 %	4.97 %
Q4 2014	20.36 %	25.29 %	6.47 %
2014	20.36 %	25.29 %	6.47 %
Q1 2015	20.02 %	25.57 %	5.60 %
Q2 2015	24.32 %	30.57 %	7.55 %
Q3 2015	27.25 %	34.52 %	8.83 %
Q4 2015	25.57 %	34.60 %	7.28 %
2015	25.57 %	34.60 %	7.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	21.01 %	19.94 %	3.62 %
2011	10.79 %	16.82 %	(0.68 %)
2012	13.85 %	19.00 %	2.45 %
2013	18.33 %	24.00 %	4.91 %
2014	20.36 %	25.29 %	6.47 %
2015	25.57 %	34.60 %	7.28 %

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	20.46 %	21.69 %	5.25 %
Q4 2010	21.33 %	24.82 %	7.37 %
Q1 2011	15.26 %	20.88 %	3.04 %
Q2 2011	4.95 %	11.91 %	(6.35 %)
Q3 2011	17.67 %	22.11 %	4.78 %
Q4 2011	0.70 %	8.69 %	(7.88 %)
Q1 2012	11.24 %	14.78 %	1.71 %
Q2 2012	15.93 %	19.76 %	2.93 %
Q3 2012	12.34 %	16.15 %	2.03 %
Q4 2012	16.14 %	25.50 %	3.19 %
Q1 2013	7.13 %	17.51 %	(5.86 %)
Q2 2013	19.59 %	25.07 %	6.70 %
Q3 2013	22.34 %	27.81 %	7.90 %
Q4 2013	18.99 %	22.81 %	5.76 %
Q1 2014	15.15 %	21.60 %	3.26 %
Q2 2014	15.64 %	20.82 %	4.16 %
Q3 2014	20.92 %	25.58 %	6.37 %
Q4 2014	28.53 %	32.29 %	11.38 %
Q1 2015	6.82 %	20.12 %	(7.63 %)
Q2 2015	32.07 %	40.07 %	11.77 %
Q3 2015	31.43 %	39.57 %	11.04 %
Q4 2015	22.96 %	31.63 %	6.85 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	69.20	0.02	0.02	9.98
Q2 2006	69.20	(0.01)	(0.01)	9.96
Q3 2006	69.20	(0.04)	(0.04)	9.97
Q4 2006	69.20	0.01	0.01	10.15
Q1 2007	69.20	(0.02)	(0.02)	10.17
Q2 2007	69.20	(0.07)	(0.07)	10.17
Q3 2007	69.20	(0.26)	(0.26)	9.99
Q4 2007	69.20	(0.57)	(0.57)	9.40
Q1 2008	69.20	(0.73)	(0.73)	8.89
Q2 2008	69.20	(0.83)	(0.83)	9.05
Q3 2008	69.20	(0.78)	(0.78)	8.61
Q4 2008	69.20	(0.94)	(0.94)	7.45
Q1 2009	69.20	(0.91)	(0.91)	7.40
Q2 2009	69.20	(0.87)	(0.87)	7.67
Q3 2009	69.20	(0.87)	(0.87)	7.47
Q4 2009	69.20	(0.39)	(0.39)	7.49
Q1 2010	69.20	(0.33)	(0.33)	7.32
Q2 2010	69.20	(0.31)	(0.47)	7.17
Q3 2010	69.20	0.07	(0.09)	7.25
Q4 2010	69.20	0.61	0.45	8.01
Q1 2011	69.20	0.87	0.71	8.30
Q2 2011	69.20	0.70	0.70	8.02
Q3 2011	69.20	0.79	0.79	8.27
Q4 2011	69.20	(0.14)	(0.14)	8.05
Q1 2012	69.20	(0.17)	(0.17)	8.19
Q2 2012	69.20	0.32	0.32	8.47
Q3 2012	69.20	0.14	0.14	8.62
Q4 2012	69.20	0.75	0.75	8.98
Q1 2013	69.20	0.38	0.38	8.78
Q2 2013	69.20	0.68	0.68	9.39
Q3 2013	69.20	1.35	1.09	10.23
Q4 2013	69.20	1.59	1.33	10.81
Q1 2014	69.20	2.03	1.77	10.99
Q2 2014	69.20	2.28	1.61	11.78
Q3 2014	69.20	1.97	1.54	12.32
Q4 2014	69.20	2.42	2.00	13.26
Q1 2015	69.20	1.96	1.54	12.97
Q2 2015	69.20	1.93	1.93	13.78
Q3 2015	69.20	2.08	2.08	14.44
Q4 2015	69.20	1.54	1.54	14.99

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	69.20	0.01	0.01	10.15
2007	69.20	(0.57)	(0.57)	9.40
2008	69.20	(0.94)	(0.94)	7.45
2009	69.20	(0.39)	(0.39)	7.49
2010	69.20	0.61	0.45	8.01
2011	69.20	(0.14)	(0.14)	8.05
2012	69.20	0.75	0.75	8.98
2013	69.20	1.59	1.33	10.81
2014	69.20	2.42	2.00	13.26
2015	69.20	1.54	1.54	14.99

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	More than 50	More than 50	5.21
Q2 2006	NEG	NEG	4.29
Q3 2006	NEG	NEG	5.29
Q4 2006	More than 50	More than 50	2.12
Q1 2007	NEG	NEG	2.02
Q2 2007	NEG	NEG	1.97
Q3 2007	NEG	NEG	3.35
Q4 2007	NEG	NEG	5.05
Q1 2008	NEG	NEG	5.57
Q2 2008	NEG	NEG	5.06
Q3 2008	NEG	NEG	3.46
Q4 2008	NEG	NEG	1.45
Q1 2009	NEG	NEG	1.51
Q2 2009	NEG	NEG	2.63
Q3 2009	NEG	NEG	2.64
Q4 2009	NEG	NEG	2.29
Q1 2010	NEG	NEG	2.39
Q2 2010	NEG	NEG	1.81
Q3 2010	More than 50	NEG	2.24
Q4 2010	36.58	49.97	2.78
Q1 2011	24.41	30.05	2.56
Q2 2011	30.37	30.37	2.64
Q3 2011	23.72	23.72	2.26
Q4 2011	NEG	NEG	2.17
Q1 2012	NEG	NEG	2.74
Q2 2012	45.89	45.89	1.72
Q3 2012	More than 50	More than 50	1.98
Q4 2012	18.48	18.48	1.54
Q1 2013	38.44	38.44	1.66
Q2 2013	21.82	21.82	1.57
Q3 2013	13.60	16.80	1.79
Q4 2013	15.88	18.94	2.33
Q1 2014	12.76	14.60	2.36
Q2 2014	10.38	14.78	2.01
Q3 2014	14.00	17.85	2.23
Q4 2014	6.70	8.12	1.22
Q1 2015	10.18	12.99	1.54
Q2 2015	10.93	10.93	1.53
Q3 2015	7.63	7.63	1.10
Q4 2015	9.37	9.37	0.96

Period	P/E	Adjusted P/E	Price/book
2006	More than 50	More than 50	2.12
2007	NEG	NEG	5.05
2008	NEG	NEG	1.45
2009	NEG	NEG	2.29
2010	36.58	49.97	2.78
2011	NEG	NEG	2.17
2012	18.48	18.48	1.54
2013	15.88	18.94	2.33
2014	6.70	8.12	1.22
2015	9.37	9.37	0.96

Financial Ratios

	Current
Market Cap (M Riyal)	2,723.02
Enterprise Value (EV) (M)	-
Shares Outstanding ((M))	69.20
EPS ( Riyal) (TTM)	(0.41)
Book Value (BV) ( Riyal)	43.54
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	0.90
Return on Average Assets (%) (TTM)	(0.59 )
Return on Average Equity (%) (TTM)	(1.00 )

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Alujain FY15 net profit falls 36% to SAR 106 mln

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Share Price

Alujain Corp. (ALUJAIN)

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

Financial Ratios

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Alujain FY15 net profit falls 36% to SAR 106 mln

View other reports

Share Price

Alujain Corp. (ALUJAIN)

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

Financial Ratios

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