National Gypsum turns to profit in 9M 2018

08/11/2018 Argaam Exclusive

View other reports

Share Price

National Gypsum Co. (NGC)

National Gypsum Co. (NGC) posted a net profit of SAR 4.81 million in the first nine months of 2018, versus net losses of SAR 10.19 million in year-earlier period, attributed to lower cost of sales and higher net sales.

Financials (M)

Item	9m 2017	9m 2018	Change‬
Revenues	33.08	48.00	45.1 %
Gross Income	(3.59)	12.50	447.8 %
Operating Income	(8.45)	7.13	184.4 %
Net Income	(10.19)	4.81	147.2 %
Average Shares	31.67	31.67	-
EPS (Riyals)	(0.32)	0.15	147.2 %

The company reported net profit of SAR 3.28 million in Q3 2018, versus net losses of SAR 4.22 million in year-earlier period, on higher sales, despite the slowdown in the construction activities.

When compared to the previous quarter, net profit in Q3 more than doubled.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2017	Q3 2018	Change‬
Revenues	9.23	18.05	95.4 %
Gross Income	(1.67)	6.29	477.4 %
Operating Income	(3.30)	4.43	234.2 %
Net Income	(4.22)	3.28	177.8 %
Average Shares	31.67	31.67	-
EPS (Riyals)	(0.13)	0.10	177.8 %

Item	Q2 2018	Q3 2018	Change‬
Revenues	15.71	18.05	14.9 %
Gross Income	3.63	6.29	73.3 %
Operating Income	1.89	4.43	134.7 %
Net Income	1.18	3.28	178.7 %
Average Shares	31.67	31.67	-
EPS (Riyals)	0.04	0.10	178.7 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2009	60.38	0.9 %	31.34	5.0 %	28.91	1.0 %	0.91
Q2 2009	55.18	(22.6 %)	26.63	(23.8 %)	23.99	(25.9 %)	0.76
Q3 2009	44.52	(34.6 %)	17.72	(43.7 %)	23.35	(19.5 %)	0.74
Q4 2009	42.64	(29.9 %)	15.68	(36.3 %)	12.31	(44.9 %)	0.39
2009	202.71	(22.0 %)	91.37	(24.4 %)	88.57	(21.1 %)	2.80
Q1 2010	41.49	(31.3 %)	19.93	(36.4 %)	17.36	(40.0 %)	0.55
Q2 2010	42.25	(23.4 %)	17.38	(34.7 %)	16.37	(31.8 %)	0.52
Q3 2010	33.84	(24.0 %)	13.20	(25.5 %)	10.85	(53.5 %)	0.34
Q4 2010	36.54	(14.3 %)	12.39	(21.0 %)	7.96	(35.4 %)	0.25
2010	154.12	(24.0 %)	62.90	(31.2 %)	52.53	(40.7 %)	1.66
Q1 2011	32.40	(21.9 %)	13.18	(33.9 %)	11.13	(35.9 %)	0.35
Q2 2011	30.91	(26.8 %)	12.06	(30.6 %)	10.00	(38.9 %)	0.32
Q3 2011	21.45	(36.6 %)	6.46	(51.1 %)	4.31	(60.3 %)	0.14
Q4 2011	22.86	(37.4 %)	8.16	(34.1 %)	4.17	(47.6 %)	0.13
2011	107.62	(30.2 %)	39.86	(36.6 %)	29.61	(43.6 %)	0.93
Q1 2012	23.32	(28.0 %)	8.98	(31.9 %)	9.40	(15.6 %)	0.30
Q2 2012	23.19	(25.0 %)	8.49	(29.6 %)	6.61	(33.9 %)	0.21
Q3 2012	17.55	(18.2 %)	5.14	(20.4 %)	3.59	(16.7 %)	0.11
Q4 2012	18.22	(20.3 %)	3.85	(52.9 %)	0.48	(88.4 %)	0.02
2012	82.27	(23.6 %)	26.46	(33.6 %)	20.08	(32.2 %)	0.63
Q1 2013	22.52	(3.5 %)	8.44	(6.0 %)	6.43	(31.6 %)	0.20
Q2 2013	23.93	3.2 %	9.57	12.7 %	7.90	19.5 %	0.25
Q3 2013	16.85	(4.0 %)	4.77	(7.2 %)	3.31	(7.9 %)	0.10
Q4 2013	17.25	(5.3 %)	4.15	7.9 %	0.43	(11.8 %)	0.01
2013	80.54	(2.1 %)	26.93	1.8 %	18.06	(10.1 %)	0.57
Q1 2014	19.78	(12.1 %)	7.27	(13.9 %)	5.50	(14.4 %)	0.17
Q2 2014	19.08	(20.3 %)	5.46	(42.9 %)	5.20	(34.2 %)	0.16
Q3 2014	21.64	28.4 %	10.25	114.8 %	7.93	139.6 %	0.25
Q4 2014	22.36	29.6 %	7.23	74.2 %	3.11	627.6 %	0.10
2014	82.86	2.9 %	30.21	12.2 %	21.73	20.3 %	0.69
Q1 2015	18.86	(4.7 %)	6.37	(12.3 %)	5.12	(6.9 %)	0.16
Q2 2015	19.52	2.3 %	3.95	(27.7 %)	10.81	107.9 %	0.34
Q3 2015	19.87	(8.2 %)	6.65	(35.1 %)	4.70	(40.7 %)	0.15
Q4 2015	20.66	(7.6 %)	5.06	(30.0 %)	0.98	(68.6 %)	0.03
2015	78.90	(4.8 %)	22.03	(27.1 %)	20.56	(5.4 %)	0.65
Q1 2016	19.82	5.1 %	5.14	(19.3 %)	3.74	(27.0 %)	0.12
Q2 2016	19.81	1.5 %	4.23	7.0 %	2.28	(78.9 %)	0.07
Q3 2016	20.17	1.5 %	6.87	3.3 %	5.31	13.0 %	0.17
Q4 2016	23.28	12.7 %	8.97	77.2 %	2.88	195.4 %	0.09
2016	83.08	5.3 %	25.20	14.4 %	14.21	(30.9 %)	0.45
Q1 2017	10.52	(46.9 %)	(2.24)	(143.6 %)	(3.44)	(191.9 %)	(0.11)
Q2 2017	13.32	(32.8 %)	0.31	(92.6 %)	(2.54)	(211.0 %)	(0.08)
Q3 2017	9.23	(54.2 %)	(1.67)	(124.3 %)	(4.22)	(179.5 %)	(0.13)
Q4 2017	10.69	(54.1 %)	(4.82)	(153.8 %)	(6.23)	(316.3 %)	(0.20)
2017	43.77	(47.3 %)	(8.42)	(133.4 %)	(16.42)	(215.6 %)	(0.52)
Q1 2018	14.25	35.4 %	2.58	215.4 %	0.35	110.1 %	0.01
Q2 2018	15.71	17.9 %	3.63	1063.1 %	1.18	146.5 %	0.04
Q3 2018	18.05	95.4 %	6.29	477.4 %	3.28	177.8 %	0.10

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2008	259.99	16.4 %	120.88	18.5 %	112.32	18.4 %	3.55
2009	202.71	(22.0 %)	91.37	(24.4 %)	88.57	(21.1 %)	2.80
2010	154.12	(24.0 %)	62.90	(31.2 %)	52.53	(40.7 %)	1.66
2011	107.62	(30.2 %)	39.86	(36.6 %)	29.61	(43.6 %)	0.93
2012	82.27	(23.6 %)	26.46	(33.6 %)	20.08	(32.2 %)	0.63
2013	80.54	(2.1 %)	26.93	1.8 %	18.06	(10.1 %)	0.57
2014	82.86	2.9 %	30.21	12.2 %	21.73	20.3 %	0.69
2015	78.90	(4.8 %)	22.03	(27.1 %)	20.56	(5.4 %)	0.65
2016	83.08	5.3 %	25.20	14.4 %	14.21	(30.9 %)	0.45
2017	43.77	(47.3 %)	(8.42)	(133.4 %)	(16.42)	(215.6 %)	(0.52)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2009	46.97 %	51.57 %	43.22 %
Q2 2009	46.64 %	51.48 %	42.64 %
Q3 2009	45.41 %	50.83 %	44.64 %
Q4 2009	45.07 %	51.12 %	43.69 %
2009	45.07 %	51.12 %	43.69 %
Q1 2010	43.50 %	50.53 %	41.89 %
Q2 2010	41.38 %	48.64 %	40.60 %
Q3 2010	41.31 %	48.99 %	35.50 %
Q4 2010	40.81 %	48.72 %	34.08 %
2010	40.81 %	48.72 %	34.08 %
Q1 2011	38.72 %	47.21 %	31.93 %
Q2 2011	38.02 %	47.29 %	29.87 %
Q3 2011	36.35 %	46.32 %	27.53 %
Q4 2011	37.04 %	48.47 %	27.51 %
2011	37.04 %	48.47 %	27.51 %
Q1 2012	36.19 %	48.29 %	28.28 %
Q2 2012	35.34 %	47.96 %	26.96 %
Q3 2012	35.40 %	48.58 %	27.34 %
Q4 2012	32.16 %	45.53 %	24.41 %
2012	32.16 %	45.53 %	24.41 %
Q1 2013	31.82 %	44.95 %	21.00 %
Q2 2013	32.84 %	45.99 %	22.38 %
Q3 2013	32.67 %	45.91 %	22.23 %
Q4 2013	33.44 %	46.68 %	22.42 %
2013	33.44 %	46.68 %	22.42 %
Q1 2014	33.10 %	46.53 %	22.02 %
Q2 2014	29.68 %	43.39 %	19.78 %
Q3 2014	34.89 %	46.67 %	24.50 %
Q4 2014	36.46 %	47.19 %	26.22 %
2014	36.46 %	47.19 %	26.22 %
Q1 2015	35.78 %	46.65 %	26.06 %
Q2 2015	33.75 %	44.47 %	32.73 %
Q3 2015	30.03 %	41.19 %	29.44 %
Q4 2015	27.93 %	39.55 %	27.38 %
2015	27.93 %	39.55 %	26.06 %
Q1 2016	26.05 %	37.16 %	25.31 %
Q2 2016	26.30 %	36.80 %	14.59 %
Q3 2016	26.47 %	36.99 %	15.29 %
Q4 2016	30.34 %	37.35 %	17.10 %
2016	30.34 %	37.35 %	17.10 %
Q1 2017	24.16 %	32.18 %	9.54 %
Q2 2017	20.67 %	29.42 %	3.29 %
Q3 2017	9.54 %	19.51 %	(12.97 %)
Q4 2017	(19.23 %)	(3.64 %)	(37.51 %)
2017	(19.23 %)	(3.64 %)	(37.51 %)
Q1 2018	(7.57 %)	6.06 %	(26.60 %)
Q2 2018	(0.56 %)	12.23 %	(17.89 %)
Q3 2018	13.08 %	23.48 %	(2.42 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2008	46.50 %	50.98 %	43.20 %
2009	45.07 %	51.12 %	43.69 %
2010	40.81 %	48.72 %	34.08 %
2011	37.04 %	48.47 %	27.51 %
2012	32.16 %	45.53 %	24.41 %
2013	33.44 %	46.68 %	22.42 %
2014	36.46 %	47.19 %	26.22 %
2015	27.93 %	39.55 %	26.06 %
2016	30.34 %	37.35 %	17.10 %
2017	(19.23 %)	(3.64 %)	(37.51 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2009	51.90 %	55.81 %	47.88 %
Q2 2009	48.27 %	54.88 %	43.49 %
Q3 2009	39.80 %	47.19 %	52.46 %
Q4 2009	36.77 %	43.73 %	28.87 %
Q1 2010	48.04 %	55.30 %	41.83 %
Q2 2010	41.14 %	48.58 %	38.74 %
Q3 2010	39.01 %	48.42 %	32.06 %
Q4 2010	33.91 %	41.70 %	21.77 %
Q1 2011	40.68 %	50.39 %	34.35 %
Q2 2011	39.02 %	49.41 %	32.35 %
Q3 2011	30.12 %	43.58 %	20.10 %
Q4 2011	35.70 %	49.08 %	18.22 %
Q1 2012	38.51 %	50.38 %	40.29 %
Q2 2012	36.63 %	48.46 %	28.50 %
Q3 2012	29.29 %	45.68 %	20.46 %
Q4 2012	21.12 %	35.47 %	2.66 %
Q1 2013	37.50 %	48.45 %	28.54 %
Q2 2013	40.00 %	51.91 %	33.00 %
Q3 2013	28.31 %	45.30 %	19.64 %
Q4 2013	24.07 %	38.46 %	2.48 %
Q1 2014	36.73 %	48.10 %	27.80 %
Q2 2014	28.64 %	41.29 %	27.24 %
Q3 2014	47.36 %	56.66 %	36.63 %
Q4 2014	32.34 %	42.24 %	13.89 %
Q1 2015	33.79 %	45.83 %	27.15 %
Q2 2015	20.25 %	32.20 %	55.36 %
Q3 2015	33.47 %	44.43 %	23.64 %
Q4 2015	24.50 %	36.08 %	4.72 %
Q1 2016	25.94 %	35.90 %	18.86 %
Q2 2016	21.34 %	30.80 %	11.52 %
Q3 2016	34.04 %	45.07 %	26.32 %
Q4 2016	38.52 %	37.46 %	12.37 %
Q1 2017	(21.29 %)	(1.64 %)	(32.67 %)
Q2 2017	2.34 %	16.20 %	(19.03 %)
Q3 2017	(18.04 %)	3.12 %	(45.69 %)
Q4 2017	(45.12 %)	(36.15 %)	(58.25 %)
Q1 2018	18.13 %	30.15 %	2.44 %
Q2 2018	23.10 %	34.27 %	7.50 %
Q3 2018	34.84 %	44.13 %	18.19 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2009	31.67	3.56	3.56	15.38
Q2 2009	31.67	3.29	3.29	16.28
Q3 2009	31.67	3.11	3.11	17.07
Q4 2009	31.67	2.80	2.80	14.98
Q1 2010	31.67	2.43	2.43	15.57
Q2 2010	31.67	2.19	2.19	16.04
Q3 2010	31.67	1.80	1.80	16.37
Q4 2010	31.67	1.66	1.66	14.60
Q1 2011	31.67	1.46	1.46	15.00
Q2 2011	31.67	1.26	1.26	15.33
Q3 2011	31.67	1.05	1.05	15.43
Q4 2011	31.67	0.93	0.93	14.30
Q1 2012	31.67	0.88	0.88	14.75
Q2 2012	31.67	0.77	0.77	14.78
Q3 2012	31.67	0.75	0.75	14.85
Q4 2012	31.67	0.63	0.63	14.76
Q1 2013	31.67	0.54	0.54	14.97
Q2 2013	31.67	0.58	0.58	14.74
Q3 2013	31.67	0.57	0.57	14.87
Q4 2013	31.67	0.57	0.57	15.29
Q1 2014	31.67	0.54	0.54	14.69
Q2 2014	31.67	0.46	0.46	14.78
Q3 2014	31.67	0.60	0.60	15.09
Q4 2014	31.67	0.69	0.69	15.05
Q1 2015	31.67	0.67	0.67	14.59
Q2 2015	31.67	0.85	0.85	14.93
Q3 2015	31.67	0.75	0.75	14.98
Q4 2015	31.67	0.68	0.68	14.83
Q1 2016	31.67	0.64	0.64	14.28
Q2 2016	31.67	0.37	0.37	14.38
Q3 2016	31.67	0.39	0.39	14.51
Q4 2016	31.67	0.45	0.45	14.65
Q1 2017	31.67	0.22	0.22	14.52
Q2 2017	31.67	0.07	0.07	13.96
Q3 2017	31.67	(0.23)	(0.23)	13.83
Q4 2017	31.67	(0.52)	(0.52)	13.64
Q1 2018	31.67	(0.40)	(0.40)	13.74
Q2 2018	31.67	(0.28)	(0.28)	13.84
Q3 2018	31.67	(0.04)	(0.04)	13.98

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2008	31.67	3.55	3.55	14.45
2009	31.67	2.80	2.80	14.98
2010	31.67	1.66	1.66	14.60
2011	31.67	0.93	0.93	14.30
2012	31.67	0.63	0.63	14.76
2013	31.67	0.57	0.57	15.29
2014	31.67	0.69	0.69	15.05
2015	31.67	0.65	0.65	14.83
2016	31.67	0.45	0.45	14.65
2017	31.67	(0.52)	(0.52)	13.64

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2009	12.43	12.43	2.87
Q2 2009	14.70	14.70	2.97
Q3 2009	14.13	14.13	2.58
Q4 2009	13.69	13.69	2.56
Q1 2010	17.56	17.56	2.74
Q2 2010	14.51	14.51	1.98
Q3 2010	16.70	16.70	1.83
Q4 2010	18.39	18.39	2.09
Q1 2011	22.98	22.98	2.24
Q2 2011	24.58	24.58	2.02
Q3 2011	26.26	26.26	1.80
Q4 2011	29.84	29.84	1.95
Q1 2012	41.13	41.13	2.45
Q2 2012	35.57	35.57	1.86
Q3 2012	36.92	36.92	1.87
Q4 2012	42.11	42.11	1.81
Q1 2013	More than 50	More than 50	1.92
Q2 2013	More than 50	More than 50	2.08
Q3 2013	More than 50	More than 50	2.00
Q4 2013	More than 50	More than 50	2.01
Q1 2014	More than 50	More than 50	2.10
Q2 2014	More than 50	More than 50	2.33
Q3 2014	More than 50	More than 50	2.49
Q4 2014	34.06	34.06	1.55
Q1 2015	40.14	40.14	1.85
Q2 2015	28.66	28.66	1.63
Q3 2015	22.82	22.82	1.14
Q4 2015	23.50	23.50	1.08
Q1 2016	21.18	21.18	0.95
Q2 2016	37.35	37.35	0.96
Q3 2016	25.94	25.94	0.69
Q4 2016	29.55	29.55	0.91
Q1 2017	More than 50	More than 50	0.94
Q2 2017	More than 50	More than 50	0.87
Q3 2017	NEG	NEG	0.90
Q4 2017	NEG	NEG	0.91
Q1 2018	NEG	NEG	0.88
Q2 2018	NEG	NEG	0.97
Q3 2018	NEG	NEG	0.92

Period	P/E	Adjusted P/E	Price/book
2008	8.54	8.54	2.10
2009	13.69	13.69	2.56
2010	18.39	18.39	2.09
2011	29.84	29.84	1.95
2012	42.11	42.11	1.81
2013	More than 50	More than 50	2.01
2014	34.06	34.06	1.55
2015	24.69	24.69	1.08
2016	29.55	29.55	0.91
2017	NEG	NEG	0.91

Business Segments (Million)

Compared With The

Period	Gypsum powder production	Plaster board
Q1 2016	19.11	0.71
Q2 2016	16.32	3.49
Q3 2016	20.30	-
Q4 2016	24.00	-
Q1 2017	9.33	1.19
Q2 2017	11.79	1.53
Q3 2017	7.94	1.29
Q4 2017	9.45	1.24
Q1 2018	13.41	0.83
Q2 2018	14.26	1.46
Q3 2018	16.73	1.32

Period	Gypsum powder production	Plaster board
2014	80.83	2.03
2015	75.07	3.83
2016	79.73	3.34
2017	38.51	5.25

Financial Ratios

	Current
Market Cap (M Riyal)	840.75
Enterprise Value (EV) (M)	790.01
Shares Outstanding ((M))	31.67
EPS ( Riyal) (TTM)	0.17
Book Value (BV) ( Riyal)	11.40
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	More than 50
Price/book	2.33
Return on Average Assets (%) (TTM)	1.2
Return on Average Equity (%) (TTM)	1.5

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

National Gypsum turns to profit in 9M 2018

View other reports

Share Price

National Gypsum Co. (NGC)

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) 2018 Q3

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

National Gypsum turns to profit in 9M 2018

View other reports

Share Price

National Gypsum Co. (NGC)

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) Q3 2018

Revenue by Business Segment (Latest) 2018 Q3

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)