Saudi Cable Company reports lower net loss in H1

02/08/2015 Argaam Exclusive

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Share Price

Saudi Cable Co. (SAUDI CABLE)

Saudi Cable Company, a manufacturer of high voltage cables, posted a net loss of SAR 7.06 million for the first half of 2015, 92 percent lower from a net loss of SAR 91.7 million during the same period last year on higher sales volume and margins and lower expenses.

Financials (M)

Item	6m 2014	6m 2015	Change‬
Revenues	893.10	974.05	9.1 %
Gross Income	17.30	50.59	192.4 %
Operating Income	(82.32)	(32.43)	60.6 %
Net Income	(91.69)	(7.06)	92.3 %
Average Shares	4.18	4.18	-
EPS (Riyals)	(21.94)	(1.69)	92.3 %

The company’s Q2 net profit reached SAR 880,000, compared to a loss of SAR 50.6 million during the same period last year.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2014	Q2 2015	Change‬
Revenues	434.54	475.70	9.5 %
Gross Income	0.95	21.25	2127.6 %
Operating Income	(41.82)	(16.63)	60.2 %
Net Income	(50.57)	0.88	101.7 %
Average Shares	4.18	4.18	-
EPS (Riyals)	(12.10)	0.21	101.7 %

Item	Q1 2015	Q2 2015	Change‬
Revenues	498.35	475.70	(4.5 %)
Gross Income	29.34	21.25	(27.6 %)
Operating Income	(15.80)	(16.63)	(5.3 %)
Net Income	(7.94)	0.88	111.1 %
Average Shares	4.18	4.18	-
EPS (Riyals)	(1.90)	0.21	111.1 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	346.28	11.0 %	37.62	40.7 %	0.67	(85.8 %)	0.17
Q2 2006	410.16	49.4 %	57.96	69.7 %	23.52	361.9 %	5.63
Q3 2006	431.44	54.6 %	68.26	51.0 %	26.45	105.8 %	6.33
Q4 2006	407.58	27.7 %	101.03	138.9 %	49.96	322.1 %	11.95
2006	1,595.46	34.6 %	264.87	78.5 %	100.61	58736.3 %	24.07
Q1 2007	663.84	91.7 %	121.23	222.3 %	68.70	10153.6 %	16.44
Q2 2007	815.78	98.9 %	139.15	140.1 %	70.15	198.2 %	16.78
Q3 2007	787.26	82.5 %	109.92	61.0 %	75.48	185.3 %	18.06
Q4 2007	876.46	115.0 %	194.62	92.6 %	68.46	37.0 %	16.38
2007	3,143.34	97.0 %	564.91	113.3 %	282.79	181.1 %	67.65
Q1 2008	760.18	14.5 %	157.39	29.8 %	84.14	22.5 %	20.13
Q2 2008	977.16	19.8 %	154.52	11.0 %	86.78	23.7 %	20.76
Q3 2008	1,005.19	27.7 %	170.54	55.2 %	92.26	22.2 %	22.07
Q4 2008	756.87	(13.6 %)	70.88	(63.6 %)	(51.13)	(174.7 %)	(12.23)
2008	3,499.39	11.3 %	553.32	(2.1 %)	212.05	(25.0 %)	50.73
Q1 2009	645.07	(15.1 %)	108.10	(31.3 %)	46.27	(45.0 %)	11.07
Q2 2009	646.97	(33.8 %)	96.86	(37.3 %)	47.20	(45.6 %)	11.29
Q3 2009	557.04	(44.6 %)	66.20	(61.2 %)	20.11	(78.2 %)	4.81
Q4 2009	609.36	(19.5 %)	39.64	(44.1 %)	(9.10)	82.2 %	(2.18)
2009	2,458.43	(29.7 %)	310.80	(43.8 %)	104.48	(50.7 %)	24.99
Q1 2010	492.81	(23.6 %)	29.15	(73.0 %)	1.07	(97.7 %)	0.26
Q2 2010	500.81	(22.6 %)	13.56	(86.0 %)	(26.50)	(156.1 %)	(6.34)
Q3 2010	368.66	(33.8 %)	(35.20)	(153.2 %)	(71.53)	(455.7 %)	(17.11)
Q4 2010	494.83	(18.8 %)	10.90	(72.5 %)	9.15	200.6 %	2.19
2010	1,857.11	(24.5 %)	18.41	(94.1 %)	(87.82)	(184.1 %)	(21.01)
Q1 2011	829.96	68.4 %	59.02	102.4 %	20.27	1801.1 %	4.85
Q2 2011	799.29	59.6 %	60.40	345.4 %	22.56	185.1 %	5.40
Q3 2011	744.74	102.0 %	22.85	164.9 %	(14.77)	79.3 %	(3.53)
Q4 2011	825.57	66.8 %	1.23	(88.7 %)	(22.95)	(350.8 %)	(5.49)
2011	3,199.57	72.3 %	143.51	679.4 %	5.11	105.8 %	1.22
Q1 2012	917.64	10.6 %	80.03	35.6 %	25.16	24.1 %	6.02
Q2 2012	860.71	7.7 %	77.74	28.7 %	20.18	(10.6 %)	4.83
Q3 2012	615.43	(17.4 %)	39.55	73.1 %	(13.68)	7.4 %	(3.27)
Q4 2012	294.06	(64.4 %)	(111.45)	(9183.0 %)	(188.07)	(719.5 %)	(44.99)
2012	2,687.85	(16.0 %)	85.88	(40.2 %)	(156.41)	(3163.8 %)	(37.42)
Q1 2013	669.34	(27.1 %)	49.07	(38.7 %)	(15.41)	(161.2 %)	(3.69)
Q2 2013	598.42	(30.5 %)	18.51	(76.2 %)	(131.75)	(753.0 %)	(31.52)
Q3 2013	617.36	0.3 %	46.05	16.4 %	(8.04)	41.2 %	(1.92)
Q4 2013	562.20	91.2 %	(3.75)	96.6 %	(73.92)	60.7 %	(17.68)
2013	2,447.86	(8.9 %)	70.38	(18.0 %)	(229.12)	(46.5 %)	(54.81)
Q1 2014	458.56	(31.5 %)	16.35	(66.7 %)	(41.13)	(166.9 %)	(9.84)
Q2 2014	434.54	(27.4 %)	0.95	(94.8 %)	(50.57)	61.6 %	(12.10)
Q3 2014	394.66	(36.1 %)	(1.44)	(103.1 %)	(50.05)	(522.6 %)	(11.97)
Q4 2014	404.74	(28.0 %)	(19.28)	(413.7 %)	(59.94)	18.9 %	(14.34)
2014	1,716.32	(29.9 %)	6.66	(90.5 %)	(201.68)	12.0 %	(48.25)
Q1 2015	498.35	8.7 %	29.34	79.5 %	(7.94)	80.7 %	(1.90)
Q2 2015	475.70	9.5 %	21.25	2127.6 %	0.88	101.7 %	0.21

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	1,184.95	16.1 %	148.38	16.7 %	0.17	(99.2 %)	0.04
2006	1,595.46	34.6 %	264.87	78.5 %	100.61	58736.3 %	24.07
2007	3,143.34	97.0 %	564.91	113.3 %	282.79	181.1 %	67.65
2008	3,499.39	11.3 %	553.32	(2.1 %)	212.05	(25.0 %)	50.73
2009	2,458.43	(29.7 %)	310.80	(43.8 %)	104.48	(50.7 %)	24.99
2010	1,857.11	(24.5 %)	18.41	(94.1 %)	(87.82)	(184.1 %)	(21.01)
2011	3,199.57	72.3 %	143.51	679.4 %	5.11	105.8 %	1.22
2012	2,687.85	(16.0 %)	85.88	(40.2 %)	(156.41)	(3163.8 %)	(37.42)
2013	2,447.86	(8.9 %)	70.38	(18.0 %)	(229.12)	(46.5 %)	(54.81)
2014	1,716.32	(29.9 %)	6.66	(90.5 %)	(201.68)	12.0 %	(48.25)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	13.06 %	4.44 %	(0.32 %)
Q2 2006	13.51 %	5.47 %	1.07 %
Q3 2006	13.68 %	6.05 %	1.87 %
Q4 2006	16.60 %	10.30 %	6.31 %
2006	16.60 %	10.30 %	6.31 %
Q1 2007	18.22 %	12.28 %	8.82 %
Q2 2007	18.53 %	12.64 %	9.28 %
Q3 2007	17.62 %	12.44 %	9.88 %
Q4 2007	17.97 %	11.92 %	9.00 %
2007	17.97 %	11.92 %	9.00 %
Q1 2008	18.55 %	12.33 %	9.21 %
Q2 2008	18.12 %	12.31 %	9.26 %
Q3 2008	18.71 %	12.64 %	9.16 %
Q4 2008	15.81 %	10.10 %	6.06 %
2008	15.81 %	10.10 %	6.06 %
Q1 2009	14.89 %	9.54 %	5.15 %
Q2 2009	14.62 %	9.42 %	4.41 %
Q3 2009	13.13 %	8.00 %	2.40 %
Q4 2009	12.64 %	8.95 %	4.25 %
2009	12.64 %	8.95 %	4.25 %
Q1 2010	10.05 %	7.05 %	2.57 %
Q2 2010	6.88 %	3.91 %	(0.67 %)
Q3 2010	2.39 %	(0.52 %)	(5.38 %)
Q4 2010	0.99 %	(3.30 %)	(4.73 %)
2010	0.99 %	(3.30 %)	(4.73 %)
Q1 2011	2.20 %	(1.83 %)	(3.13 %)
Q2 2011	3.82 %	(0.09 %)	(0.78 %)
Q3 2011	5.34 %	1.72 %	1.30 %
Q4 2011	4.49 %	1.80 %	0.16 %
2011	4.49 %	1.80 %	0.16 %
Q1 2012	5.00 %	2.04 %	0.30 %
Q2 2012	5.43 %	2.36 %	0.23 %
Q3 2012	6.17 %	2.85 %	0.27 %
Q4 2012	3.20 %	(1.27 %)	(5.82 %)
2012	3.20 %	(1.27 %)	(5.82 %)
Q1 2013	2.25 %	(2.58 %)	(8.07 %)
Q2 2013	(0.20 %)	(9.90 %)	(16.02 %)
Q3 2013	0.10 %	(9.84 %)	(15.75 %)
Q4 2013	4.49 %	(4.17 %)	(9.36 %)
2013	2.88 %	(4.17 %)	(9.36 %)
Q1 2014	3.45 %	(6.29 %)	(11.39 %)
Q2 2014	2.88 %	(3.14 %)	(8.38 %)
Q3 2014	0.65 %	(5.47 %)	(11.66 %)
Q4 2014	(0.20 %)	(6.24 %)	(11.19 %)
2014	0.39 %	(6.16 %)	(11.03 %)
Q1 2015	0.55 %	(4.80 %)	(9.01 %)
Q2 2015	1.68 %	(2.83 %)	(6.95 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	12.52 %	4.38 %	0.01 %
2006	16.60 %	10.30 %	6.31 %
2007	17.97 %	11.92 %	9.00 %
2008	15.81 %	10.10 %	6.06 %
2009	12.64 %	8.95 %	4.25 %
2010	0.99 %	(3.30 %)	(4.73 %)
2011	4.49 %	1.80 %	0.16 %
2012	3.20 %	(1.27 %)	(5.82 %)
2013	2.88 %	(4.17 %)	(9.36 %)
2014	0.39 %	(6.16 %)	(11.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	10.86 %	4.09 %	0.19 %
Q2 2006	14.13 %	8.80 %	5.74 %
Q3 2006	15.82 %	10.27 %	6.13 %
Q4 2006	24.79 %	17.12 %	12.26 %
Q1 2007	18.26 %	12.78 %	10.35 %
Q2 2007	17.06 %	11.56 %	8.60 %
Q3 2007	13.96 %	10.64 %	9.59 %
Q4 2007	22.20 %	12.77 %	7.81 %
Q1 2008	20.70 %	14.40 %	11.07 %
Q2 2008	15.81 %	11.60 %	8.88 %
Q3 2008	16.97 %	12.20 %	9.18 %
Q4 2008	9.36 %	1.05 %	(6.76 %)
Q1 2009	16.76 %	12.24 %	7.17 %
Q2 2009	14.97 %	12.07 %	7.30 %
Q3 2009	11.88 %	7.78 %	3.61 %
Q4 2009	6.50 %	3.24 %	(1.49 %)
Q1 2010	5.92 %	4.35 %	0.22 %
Q2 2010	2.71 %	(0.03 %)	(5.29 %)
Q3 2010	(9.55 %)	(13.92 %)	(19.40 %)
Q4 2010	2.20 %	(6.33 %)	1.85 %
Q1 2011	7.11 %	5.13 %	2.44 %
Q2 2011	7.56 %	4.73 %	2.82 %
Q3 2011	3.07 %	0.05 %	(1.98 %)
Q4 2011	0.15 %	(2.80 %)	(2.78 %)
Q1 2012	8.72 %	5.67 %	2.74 %
Q2 2012	9.03 %	5.77 %	2.34 %
Q3 2012	6.43 %	2.14 %	(2.22 %)
Q4 2012	(37.90 %)	(50.65 %)	(63.95 %)
Q1 2013	7.33 %	3.45 %	(2.30 %)
Q2 2013	3.09 %	(17.21 %)	(22.02 %)
Q3 2013	7.46 %	2.31 %	(1.30 %)
Q4 2013	(0.67 %)	(6.47 %)	(13.15 %)
Q1 2014	3.56 %	(3.39 %)	(8.97 %)
Q2 2014	0.22 %	(6.33 %)	(11.64 %)
Q3 2014	(0.37 %)	(5.51 %)	(12.68 %)
Q4 2014	(4.76 %)	(10.09 %)	(11.76 %)
Q1 2015	5.89 %	1.41 %	(1.59 %)
Q2 2015	4.47 %	1.15 %	(3.73 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	3.98	(0.97)	(0.97)	150.39
Q2 2006	4.18	3.48	3.48	186.05
Q3 2006	4.18	6.73	6.73	187.58
Q4 2006	4.18	24.07	24.07	172.59
Q1 2007	4.18	40.34	40.34	210.99
Q2 2007	4.18	51.50	51.50	227.52
Q3 2007	4.18	63.23	63.23	246.94
Q4 2007	4.18	67.65	67.65	244.50
Q1 2008	4.18	71.35	71.35	273.31
Q2 2008	4.18	75.32	75.32	290.00
Q3 2008	4.18	79.34	79.34	283.05
Q4 2008	4.18	50.73	50.73	251.21
Q1 2009	4.18	41.67	41.67	262.68
Q2 2009	4.18	32.20	32.20	291.79
Q3 2009	4.18	14.94	14.94	304.80
Q4 2009	4.18	24.99	24.99	310.67
Q1 2010	4.18	14.18	14.18	306.61
Q2 2010	4.18	(3.45)	(3.45)	264.76
Q3 2010	4.18	(25.37)	(25.37)	275.01
Q4 2010	4.18	(21.01)	(21.01)	283.16
Q1 2011	4.18	(16.42)	(16.42)	280.97
Q2 2011	4.18	(4.68)	(4.68)	265.98
Q3 2011	4.18	8.90	8.90	229.61
Q4 2011	4.18	1.22	1.22	241.41
Q1 2012	4.18	2.39	2.39	257.47
Q2 2012	4.18	1.82	1.82	248.95
Q3 2012	4.18	2.08	2.08	272.18
Q4 2012	4.18	(37.42)	(37.42)	218.92
Q1 2013	4.18	(47.12)	(47.12)	198.95
Q2 2013	4.18	(83.47)	(83.47)	158.40
Q3 2013	4.18	(82.12)	(82.12)	177.55
Q4 2013	4.18	(54.81)	(54.81)	161.17
Q1 2014	4.18	(60.96)	(60.96)	138.77
Q2 2014	4.18	(41.54)	(41.54)	136.46
Q3 2014	4.18	(51.59)	(51.59)	121.79
Q4 2014	4.18	(48.25)	(45.30)	102.81
Q1 2015	4.18	(40.31)	(37.36)	101.26
Q2 2015	4.18	(28.00)	(29.50)	103.53

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	3.98	0.04	0.04	137.41
2006	4.18	24.07	24.07	172.59
2007	4.18	67.65	67.65	244.50
2008	4.18	50.73	50.73	251.21
2009	4.18	24.99	24.99	310.67
2010	4.18	(21.01)	(21.01)	283.16
2011	4.18	1.22	1.22	241.41
2012	4.18	(37.42)	(37.42)	218.92
2013	4.18	(54.81)	(54.81)	161.17
2014	4.18	(48.25)	(45.30)	102.81

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	NEG	NEG	8.43
Q2 2006	More than 50	More than 50	6.59
Q3 2006	More than 50	More than 50	7.38
Q4 2006	40.96	40.96	5.71
Q1 2007	24.98	24.98	4.78
Q2 2007	18.86	18.86	4.27
Q3 2007	18.00	18.00	4.61
Q4 2007	24.43	24.43	6.76
Q1 2008	31.30	31.30	8.17
Q2 2008	31.57	31.57	8.20
Q3 2008	20.19	20.19	5.66
Q4 2008	15.15	15.15	3.06
Q1 2009	13.08	13.08	2.08
Q2 2009	25.12	25.12	2.77
Q3 2009	More than 50	More than 50	3.42
Q4 2009	28.43	28.43	2.29
Q1 2010	47.96	47.96	2.22
Q2 2010	NEG	NEG	1.85
Q3 2010	NEG	NEG	1.62
Q4 2010	NEG	NEG	1.43
Q1 2011	NEG	NEG	1.39
Q2 2011	NEG	NEG	1.56
Q3 2011	41.87	41.87	1.62
Q4 2011	More than 50	More than 50	1.68
Q1 2012	More than 50	More than 50	2.22
Q2 2012	More than 50	More than 50	1.72
Q3 2012	More than 50	More than 50	1.69
Q4 2012	NEG	NEG	1.77
Q1 2013	NEG	NEG	1.97
Q2 2013	NEG	NEG	2.42
Q3 2013	NEG	NEG	2.00
Q4 2013	NEG	NEG	2.27
Q1 2014	NEG	NEG	2.61
Q2 2014	NEG	NEG	2.61
Q3 2014	NEG	NEG	3.15
Q4 2014	NEG	NEG	2.61
Q1 2015	NEG	NEG	2.89
Q2 2015	NEG	NEG	2.49

Period	P/E	Adjusted P/E	Price/book
2005	More than 50	More than 50	14.92
2006	40.96	40.96	5.71
2007	24.43	24.43	6.76
2008	15.15	15.15	3.06
2009	28.43	28.43	2.29
2010	NEG	NEG	1.43
2011	More than 50	More than 50	1.68
2012	NEG	NEG	1.77
2013	NEG	NEG	2.27
2014	NEG	NEG	2.61

Business Segments (Million)

Compared With The

Period	Sale of Goods	Contract Revenue
Q3 2012	595.12	20.32
Q4 2012	204.37	89.69
Q1 2013	576.06	93.28
Q2 2013	522.87	75.55
Q3 2013	487.52	130.39
Q4 2013	487.40	105.39
Q1 2014	393.31	65.25
Q2 2014	414.10	20.45
Q3 2014	348.65	46.01
Q4 2014	407.12	21.44
Q1 2015	472.24	26.11
Q2 2015	461.29	14.41

Period	Sale of Goods	Contract Revenue
2012	2,458.18	-
2013	2,073.85	404.60
2014	1,563.18	153.14

Financial Ratios

	Current
Market Cap (M Riyal)	503.74
Enterprise Value (EV) (M)	600.18
Shares Outstanding ((M))	6.67
EPS ( Riyal) (TTM)	(1.28)
Book Value (BV) ( Riyal)	(69.08)
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	(1.09)
Return on Average Assets (%) (TTM)	(1.21 )
Return on Average Equity (%) (TTM)	-

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Saudi Cable Company reports lower net loss in H1

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Share Price

Saudi Cable Co. (SAUDI CABLE)

Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

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Profitability

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Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

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Financial Ratios

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Saudi Cable Company reports lower net loss in H1

View other reports

Share Price

Saudi Cable Co. (SAUDI CABLE)

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 2015

Revenue by Business Segment (Latest) 2015 Q2

Financial Ratios

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Business Segments (Million)