Al Tayyar posts higher net profit at SAR 280m in I1 of 2014

31/03/2014 Argaam Exclusive

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Share Price

25.35
(0.05) (0.20 %)

Seera Group Holding (SEERA)

Al Tayyar Travel Group Holding Co., provides travel, tourism and shipping services, reported SAR 280m net profit at the end of the first quarter of 2014, compared to SAR 217.9m in the same period last year, as shown in the following table:



Current Quarter Comparison (M)

Compared With The
Item Q1 2013 Q1 2014 Change‬
Revenues 1,554.96 1,790.31 15.1 %
Gross Income 301.55 363.26 20.5 %
Operating Income 204.66 242.13 18.3 %
Net Income 217.90 280.00 28.5 %
Average Shares 286.19 286.19 -
EPS (Riyals) 0.76 0.98 28.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2005 - - - - - - -
Q2 2005 - - - - - - -
Q3 2005 - - - - - - -
Q4 2005 - - - - - - -
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 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 1,103.48 - 249.93 - 174.23 - 0.61
Q4 2011 1,254.91 - 217.35 - 113.07 - 0.40
Q1 2012 1,352.82 - 241.76 - 152.87 - 0.53
Q2 2012 1,407.64 - 370.46 - 243.96 - 0.85
Q3 2012 1,300.42 17.8 % 289.76 15.9 % 201.34 15.6 % 0.70
Q4 2012 1,329.07 5.9 % 246.57 13.4 % 157.21 39.0 % 0.55
Q1 2013 1,554.96 14.9 % 301.55 24.7 % 217.90 42.5 % 0.76
Q2 2013 1,670.42 18.7 % 402.69 8.7 % 336.18 37.8 % 1.17
Q3 2013 1,441.91 10.9 % 298.39 3.0 % 214.87 6.7 % 0.75
Q4 2013 1,592.99 19.9 % 338.79 37.4 % 208.27 32.5 % 0.73
Q1 2014 1,790.31 15.1 % 363.26 20.5 % 280.00 28.5 % 0.98

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 21.09 % 14.53 % 13.36 %
Q3 2012 21.06 % 14.61 % 13.38 %
Q4 2012 21.31 % 15.13 % 14.01 %
Q1 2013 21.61 % 15.53 % 14.63 %
Q2 2013 21.19 % 15.31 % 14.96 %
Q3 2013 20.83 % 14.88 % 14.86 %
Q4 2013 21.43 % 15.01 % 14.99 %
Q1 2014 21.60 % 15.06 % 14.99 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
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 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 286.19 - - 4.39
Q4 2011 286.19 - - 4.09
Q1 2012 286.19 - - 4.62
Q2 2012 286.19 2.39 2.39 5.48
Q3 2012 286.19 2.49 2.49 5.48
Q4 2012 286.19 2.64 2.64 6.02
Q1 2013 286.19 2.87 2.86 6.05
Q2 2013 286.19 3.19 3.06 7.22
Q3 2013 286.19 3.24 3.11 7.13
Q4 2013 286.19 3.41 3.28 7.86
Q1 2014 286.19 3.63 3.40 7.88

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
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 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 7.97 7.97 3.48
Q3 2012 7.52 7.52 3.41
Q4 2012 7.03 7.03 3.08
Q1 2013 9.26 9.28 4.39
Q2 2013 9.07 9.45 4.01
Q3 2013 12.30 12.79 5.58
Q4 2013 13.78 14.35 5.99
Q1 2014 17.26 18.42 7.96

Business Segments (Million)

Compared With The
Period Airline tickets / Travel and Tourism Reservations Shipping Transportation and other
Q3 2011 1,044.47 47.70 11.32
Q4 2011 1,189.54 46.23 19.15
Q1 2012 1,320.08 21.04 11.69
Q2 2012 1,368.45 27.20 12.00
Q3 2012 1,246.42 33.22 20.78
Q4 2012 1,273.55 35.14 20.38
Q1 2013 1,520.17 22.99 11.80
Q2 2013 1,619.05 34.37 16.99
Q3 2013 1,388.81 34.46 18.64
Q4 2013 1,537.72 37.37 17.90
Q1 2014 1,742.78 33.01 14.52

Current
Market Cap (M Riyal) 7,605.00
Enterprise Value (EV) (M) 9,007.84
Shares Outstanding ((M)) 300.00
EPS ( Riyal) (TTM) 0.82
Book Value (BV) ( Riyal) 22.37
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) 30.78
Price/book 1.13
Return on Average Assets (%) (TTM) 2.4
Return on Average Equity (%) (TTM) 4.1

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