Budget Saudi posts higher net profit at SAR 36.2m in Q1 of 2013

31/03/2013 Argaam Exclusive

View other reports

Share Price

United International Transportation Co. (BUDGET SAUDI)

United International Transportation Company (Budget), a car rental and leasing Services Company,  reported SAR 36.2m net profit at the end of the first quarter of 2013, a 27% increase compared to the same quarter last year, as shown in the following table:



Current Quarter Comparison (M)

Compared With The
Item Q1 2012 Q1 2013 Change‬
Revenues 136.79 157.37 15.0 %
Gross Income 26.67 26.32 (1.3 %)
Operating Income 9.75 8.91 (8.7 %)
Net Income 28.51 36.16 26.8 %
Average Shares 71.17 71.17 -
EPS (Riyals) 0.40 0.51 26.8 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2004 - - - - - - -
Q2 2004 - - - - - - -
Q3 2004 - - - - - - -
Q4 2004 - - - - - - -
Q1 2005 - - - - - - -
Q2 2005 - - - - - - -
Q3 2005 - - - - - - -
Q4 2005 - - - - - - -
Q1 2006 - - - - - - -
Q2 2006 - - - - - - -
Q3 2006 101.67 - 27.05 - 19.73 - 0.28
Q4 2006 116.73 - 40.21 - 30.27 - 0.43
Q1 2007 85.40 - 37.17 - 28.19 - 0.40
Q2 2007 89.06 - 22.06 - 10.60 - 0.15
Q3 2007 107.96 6.2 % 30.24 11.8 % 21.79 10.5 % 0.31
Q4 2007 114.22 (2.2 %) 41.82 4.0 % 16.80 (44.5 %) 0.24
Q1 2008 109.14 27.8 % 30.30 (18.5 %) 19.04 (32.4 %) 0.27
Q2 2008 117.08 31.5 % 34.69 57.3 % 20.76 95.8 % 0.29
Q3 2008 128.46 19.0 % 35.23 16.5 % 24.95 14.5 % 0.35
Q4 2008 117.84 3.2 % 31.63 (24.4 %) 19.15 13.9 % 0.27
Q1 2009 118.41 8.5 % 31.48 3.9 % 19.91 4.5 % 0.28
Q2 2009 89.86 (23.3 %) 13.91 (59.9 %) 21.48 3.5 % 0.30
Q3 2009 105.05 (18.2 %) 26.99 (23.4 %) 21.92 (12.1 %) 0.31
Q4 2009 101.04 (14.3 %) 30.96 (2.1 %) 22.46 17.3 % 0.32
Q1 2010 107.83 (8.9 %) 20.04 (36.4 %) 22.55 13.3 % 0.32
Q2 2010 108.93 21.2 % 23.16 66.5 % 22.70 5.7 % 0.32
Q3 2010 114.98 9.5 % 34.37 27.4 % 28.18 28.6 % 0.40
Q4 2010 119.33 18.1 % 0.52 (98.3 %) 21.51 (4.2 %) 0.30
Q1 2011 121.48 12.7 % 20.83 4.0 % 22.97 1.8 % 0.32
Q2 2011 125.30 15.0 % 23.69 2.3 % 23.95 5.5 % 0.34
Q3 2011 126.59 10.1 % 24.83 (27.8 %) 25.80 (8.4 %) 0.36
Q4 2011 134.83 13.0 % 19.29 3638.8 % 28.02 30.2 % 0.39
Q1 2012 136.79 12.6 % 26.67 28.0 % 28.51 24.1 % 0.40
Q2 2012 144.56 15.4 % 26.64 12.5 % 30.31 26.5 % 0.43
Q3 2012 147.49 16.5 % 20.31 (18.2 %) 31.33 21.4 % 0.44
Q4 2012 153.37 13.7 % 20.39 5.7 % 35.64 27.2 % 0.50
Q1 2013 157.37 15.0 % 26.32 (1.3 %) 36.16 26.8 % 0.51

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 32.20 % 86.02 % 22.60 %
Q3 2007 32.49 % 63.98 % 22.76 %
Q4 2007 33.10 % 63.19 % 19.51 %
Q1 2008 29.60 % 65.08 % 16.23 %
Q2 2008 30.56 % 68.46 % 17.48 %
Q3 2008 30.29 % 68.43 % 17.39 %
Q4 2008 27.90 % 67.68 % 17.75 %
Q1 2009 27.61 % 67.58 % 17.59 %
Q2 2009 24.69 % 65.74 % 18.81 %
Q3 2009 24.12 % 64.62 % 19.12 %
Q4 2009 24.94 % 63.14 % 20.70 %
Q1 2010 22.76 % 61.89 % 21.90 %
Q2 2010 23.92 % 62.75 % 21.20 %
Q3 2010 25.08 % 62.17 % 22.16 %
Q4 2010 17.31 % 60.08 % 21.05 %
Q1 2011 16.97 % 59.32 % 20.52 %
Q2 2011 16.51 % 59.20 % 20.08 %
Q3 2011 14.18 % 59.46 % 19.12 %
Q4 2011 17.44 % 60.71 % 19.82 %
Q1 2012 18.05 % 61.09 % 20.30 %
Q2 2012 17.95 % 61.59 % 20.75 %
Q3 2012 16.48 % 61.43 % 20.96 %
Q4 2012 16.15 % 61.68 % 21.60 %
Q1 2013 15.54 % 61.88 % 22.14 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2004 - - - -
Q2 2004 - - - -
Q3 2004 - - - -
Q4 2004 - - - -
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 71.17 - - 3.14
Q4 2006 71.17 - - 3.23
Q1 2007 71.17 - - 3.62
Q2 2007 71.17 1.25 1.25 3.75
Q3 2007 71.17 1.28 1.28 4.05
Q4 2007 71.17 1.09 1.09 4.26
Q1 2008 71.17 0.96 0.96 4.13
Q2 2008 71.17 1.10 1.10 4.42
Q3 2008 71.17 1.15 1.15 4.76
Q4 2008 71.17 1.18 1.18 5.00
Q1 2009 71.17 1.19 1.19 4.82
Q2 2009 71.17 1.20 1.20 5.12
Q3 2009 71.17 1.16 1.16 5.42
Q4 2009 71.17 1.21 1.21 5.71
Q1 2010 71.17 1.24 1.24 5.50
Q2 2010 71.17 1.26 1.26 5.82
Q3 2010 71.17 1.35 1.35 6.21
Q4 2010 71.17 1.33 1.33 6.48
Q1 2011 71.17 1.34 1.34 6.79
Q2 2011 71.17 1.36 1.36 6.55
Q3 2011 71.17 1.32 1.32 6.90
Q4 2011 71.17 1.42 1.42 7.27
Q1 2012 71.17 1.49 1.49 7.66
Q2 2012 71.17 1.58 1.58 7.44
Q3 2012 71.17 1.66 1.66 7.87
Q4 2012 71.17 1.77 1.77 8.34
Q1 2013 71.17 1.87 1.87 8.84

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 22.84 22.84 7.19
Q4 2007 28.99 28.99 7.41
Q1 2008 29.66 29.66 6.88
Q2 2008 22.73 22.73 5.67
Q3 2008 11.89 11.89 2.86
Q4 2008 8.24 8.24 1.94
Q1 2009 8.83 8.83 2.18
Q2 2009 11.44 11.44 2.69
Q3 2009 15.68 15.68 3.35
Q4 2009 12.84 12.84 2.71
Q1 2010 13.07 13.07 2.95
Q2 2010 10.65 10.65 2.31
Q3 2010 11.14 11.14 2.42
Q4 2010 10.63 10.63 2.19
Q1 2011 9.42 9.42 1.86
Q2 2011 8.72 8.72 1.81
Q3 2011 8.72 8.72 1.67
Q4 2011 9.12 9.12 1.78
Q1 2012 11.30 11.30 2.20
Q2 2012 9.18 9.18 1.95
Q3 2012 10.06 10.06 2.12
Q4 2012 10.24 10.24 2.17
Q1 2013 11.62 11.62 2.46

Business Segments (Million)

Compared With The
Period Leasing sector. Rental sector

Current
Market Cap (M Riyal) 5,736.30
Enterprise Value (EV) (M) 6,254.46
Shares Outstanding ((M)) 71.17
EPS ( Riyal) (TTM) 3.90
Book Value (BV) ( Riyal) 27.72
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.66
P/E (TTM) 20.66
Price/book 2.91
Return on Average Assets (%) (TTM) 9.8
Return on Average Equity (%) (TTM) 14.7

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.