Jabal Omar Development Co. reported a net profit of SAR 192.3 million for the first nine months of 2018, compared to a net loss of SAR 600.1 million in the same period last year, attributed to higher revenue from residential apartments sales and higher other income from offsetting deferred revenue on properties sales.
| Item | 9m 2017 | 9m 2018 | Change |
|---|---|---|---|
| Revenues | 568.83 | 1,715.04 | 201.5 % |
| Gross Income | 11.11 | 751.83 | 6667.1 % |
| Operating Income | (199.09) | 548.06 | 375.3 % |
| Net Income | (600.98) | 192.30 | 132.0 % |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.65) | 0.21 | 132.0 % |
The company reported a net profit of SAR 469.6 million for the third quarter of 2018 compared to a loss of SAR 594 million in the same quarter last year. This was due to higher revenue from residential apartments sales and hotel revenue in addition to lower financial charges and lower cost of revenue (except cost associated to selling residential apartments).
When compared to the previous quarter, turning to a net profit was attributed to higher revenue from residential apartments sales.
| Item | Q3 2017 | Q3 2018 | Change |
|---|---|---|---|
| Revenues | 45.52 | 1,322.66 | 2805.7 % |
| Gross Income | (210.33) | 673.04 | 420.0 % |
| Operating Income | (315.26) | 593.96 | 288.4 % |
| Net Income | (593.97) | 469.62 | 179.1 % |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.64) | 0.51 | 179.1 % |
| Item | Q2 2018 | Q3 2018 | Change |
|---|---|---|---|
| Revenues | 250.25 | 1,322.66 | 428.5 % |
| Gross Income | 49.49 | 673.04 | 1260.1 % |
| Operating Income | (15.70) | 593.96 | 3882.7 % |
| Net Income | (148.02) | 469.62 | 417.3 % |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.16) | 0.51 | 417.3 % |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2009 | - | - | - | - | (4.10) | 89.4 % | (0.01) |
| Q2 2009 | - | - | - | - | (18.24) | (417.0 %) | (0.02) |
| Q3 2009 | - | - | - | - | (9.64) | (222.1 %) | (0.01) |
| Q4 2009 | - | - | - | - | (1.46) | 92.0 % | 0.00 |
| 2009 | - | - | - | - | (22.99) | 56.3 % | (0.03) |
| Q1 2010 | - | - | - | - | (8.91) | (117.5 %) | (0.01) |
| Q2 2010 | - | - | - | - | (7.60) | 58.4 % | (0.01) |
| Q3 2010 | - | - | - | - | (9.21) | 4.5 % | (0.01) |
| Q4 2010 | - | - | - | - | (11.31) | (677.5 %) | (0.01) |
| 2010 | - | - | - | - | (37.03) | (61.1 %) | (0.05) |
| Q1 2011 | - | - | - | - | (7.36) | 17.5 % | (0.01) |
| Q2 2011 | - | - | - | - | (10.36) | (36.4 %) | (0.01) |
| Q3 2011 | - | - | - | - | (9.57) | (3.9 %) | (0.01) |
| Q4 2011 | - | - | - | - | (9.48) | 16.2 % | (0.01) |
| 2011 | - | - | - | - | (36.76) | 0.7 % | (0.04) |
| Q1 2012 | - | - | - | - | (13.06) | (77.6 %) | (0.01) |
| Q2 2012 | - | - | - | - | (16.93) | (63.4 %) | (0.02) |
| Q3 2012 | - | - | - | - | (11.78) | (23.1 %) | (0.01) |
| Q4 2012 | - | - | - | - | (9.62) | (1.5 %) | (0.01) |
| 2012 | - | - | - | - | (51.39) | (39.8 %) | (0.06) |
| Q1 2013 | 12.70 | - | 3.47 | - | (5.26) | 59.7 % | (0.01) |
| Q2 2013 | 16.18 | - | 5.34 | - | (6.12) | 63.8 % | (0.01) |
| Q3 2013 | 22.79 | - | 10.81 | - | (3.37) | 71.4 % | 0.00 |
| Q4 2013 | (6.07) | - | (10.14) | - | (57.50) | (497.8 %) | (0.06) |
| 2013 | 45.60 | - | 8.66 | - | (32.54) | 36.7 % | (0.04) |
| Q1 2014 | 23.86 | 88.0 % | 9.79 | 182.0 % | (2.53) | 52.0 % | 0.00 |
| Q2 2014 | 26.57 | 64.3 % | 12.72 | 138.3 % | (0.47) | 92.4 % | 0.00 |
| Q3 2014 | 26.79 | 17.6 % | 14.73 | 36.2 % | (1.63) | 51.6 % | 0.00 |
| Q4 2014 | 653.94 | 10878.7 % | 488.24 | 4914.0 % | 431.26 | 850.1 % | 0.46 |
| 2014 | 731.17 | 1503.6 % | 525.48 | 5968.5 % | 421.99 | 1396.9 % | 0.45 |
| Q1 2015 | 239.16 | 902.2 % | 169.39 | 1630.4 % | 145.16 | 5842.2 % | 0.16 |
| Q2 2015 | 234.95 | 784.2 % | 140.58 | 1004.9 % | 65.05 | 14028.3 % | 0.07 |
| Q3 2015 | 192.52 | 618.6 % | 98.28 | 567.3 % | 8.67 | 630.8 % | 0.01 |
| Q4 2015 | 112.81 | (82.7 %) | 26.20 | (94.6 %) | (126.95) | (129.4 %) | (0.14) |
| 2015 | 779.43 | 6.6 % | 434.45 | (17.3 %) | 91.92 | (78.2 %) | 0.10 |
| Q1 2016 | 104.51 | (56.3 %) | 8.45 | (95.0 %) | (75.51) | (152.0 %) | (0.08) |
| Q2 2016 | 166.43 | (29.2 %) | 5.92 | (95.8 %) | 9.49 | (85.4 %) | 0.01 |
| Q3 2016 | 270.58 | 40.5 % | 139.38 | 41.8 % | 63.35 | 630.9 % | 0.07 |
| Q4 2016 | - | - | (38.98) | (248.8 %) | (68.04) | 46.4 % | (0.07) |
| 2016 | 547.74 | (29.7 %) | 256.40 | (41.0 %) | 76.66 | (16.6 %) | 0.08 |
| Q1 2017 | 323.12 | 209.2 % | 157.91 | 1769.0 % | 53.79 | 171.2 % | 0.06 |
| Q2 2017 | 200.19 | 20.3 % | 63.53 | 974.0 % | (60.79) | (740.3 %) | (0.07) |
| Q3 2017 | 45.52 | (83.2 %) | (210.33) | (250.9 %) | (593.97) | (1037.6 %) | (0.64) |
| Q4 2017 | - | - | - | - | - | - | - |
| 2017 | 568.83 | 3.8 % | 11.11 | (95.7 %) | (600.98) | (884.0 %) | (0.65) |
| Q1 2018 | 142.13 | (56.0 %) | 29.30 | (81.4 %) | (129.30) | (340.4 %) | (0.14) |
| Q2 2018 | 250.25 | 25.0 % | 49.49 | (22.1 %) | (148.02) | (143.5 %) | (0.16) |
| Q3 2018 | 1,322.66 | 2805.7 % | 673.04 | 420.0 % | 469.62 | 179.1 % | 0.51 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2008 | - | - | - | - | (52.56) | - | (0.07) |
| 2009 | - | - | - | - | (22.99) | 56.3 % | (0.03) |
| 2010 | - | - | - | - | (37.03) | (61.1 %) | (0.05) |
| 2011 | - | - | - | - | (36.76) | 0.7 % | (0.04) |
| 2012 | - | - | - | - | (51.39) | (39.8 %) | (0.06) |
| 2013 | 45.60 | - | 8.66 | - | (32.54) | 36.7 % | (0.04) |
| 2014 | 731.17 | 1503.6 % | 525.48 | 5968.5 % | 421.99 | 1396.9 % | 0.45 |
| 2015 | 779.43 | 6.6 % | 434.45 | (17.3 %) | 91.92 | (78.2 %) | 0.10 |
| 2016 | 547.74 | (29.7 %) | 256.40 | (41.0 %) | 76.66 | (16.6 %) | 0.08 |
| 2017 | 568.83 | 3.8 % | 11.11 | (95.7 %) | (600.98) | (884.0 %) | (0.65) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | - | - | - |
| 2011 | - | - | - |
| Q1 2012 | - | - | - |
| Q2 2012 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| 2012 | - | - | - |
| Q1 2013 | 27.34 % | (382.17 %) | (343.38 %) |
| Q2 2013 | 30.52 % | (117.18 %) | (113.56 %) |
| Q3 2013 | 37.98 % | (43.14 %) | (47.18 %) |
| Q4 2013 | 20.79 % | (141.50 %) | (158.46 %) |
| 2013 | 18.99 % | (54.40 %) | (71.36 %) |
| Q1 2014 | 27.83 % | (103.72 %) | (122.47 %) |
| Q2 2014 | 34.52 % | (77.14 %) | (95.09 %) |
| Q3 2014 | 38.08 % | (68.48 %) | (87.30 %) |
| Q4 2014 | 71.87 % | 64.33 % | 58.35 % |
| 2014 | 71.87 % | 64.33 % | 57.71 % |
| Q1 2015 | 72.38 % | 67.76 % | 60.68 % |
| Q2 2015 | 70.39 % | 64.34 % | 55.40 % |
| Q3 2015 | 67.89 % | 63.49 % | 49.23 % |
| Q4 2015 | 55.74 % | 37.45 % | 11.79 % |
| 2015 | 55.74 % | 37.45 % | 11.79 % |
| Q1 2016 | 42.42 % | 22.00 % | (19.97 %) |
| Q2 2016 | 24.09 % | 15.12 % | (46.50 %) |
| Q3 2016 | 27.50 % | 4.39 % | (32.60 %) |
| Q4 2016 | - | - | - |
| 2016 | 46.81 % | 45.93 % | 14.00 % |
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | - | - | - |
| 2017 | 1.95 % | 0.57 % | (110.33 %) |
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | - | - | - |
| 2012 | - | - | - |
| 2013 | 18.99 % | (54.40 %) | (71.36 %) |
| 2014 | 71.87 % | 64.33 % | 57.71 % |
| 2015 | 55.74 % | 37.45 % | 11.79 % |
| 2016 | 46.81 % | 45.93 % | 14.00 % |
| 2017 | 1.95 % | 0.57 % | (110.33 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 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 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| Q1 2013 | 27.34 % | (36.04 %) | (41.45 %) |
| Q2 2013 | 33.01 % | (21.94 %) | (37.85 %) |
| Q3 2013 | 47.43 % | (5.65 %) | (14.79 %) |
| Q4 2013 | 167.17 % | 908.29 % | 947.67 % |
| Q1 2014 | 41.02 % | 4.47 % | (10.59 %) |
| Q2 2014 | 47.88 % | 13.24 % | (1.76 %) |
| Q3 2014 | 54.97 % | 6.68 % | (6.10 %) |
| Q4 2014 | 74.66 % | 70.95 % | 65.95 % |
| Q1 2015 | 70.83 % | 71.95 % | 60.70 % |
| Q2 2015 | 59.84 % | 44.76 % | 27.68 % |
| Q3 2015 | 51.05 % | 50.51 % | 4.50 % |
| Q4 2015 | 23.23 % | (73.23 %) | (112.54 %) |
| Q1 2016 | 8.08 % | 21.11 % | (72.25 %) |
| Q2 2016 | 3.55 % | 30.30 % | (44.57 %) |
| Q3 2016 | 51.51 % | 14.36 % | 23.41 % |
| Q4 2016 | - | - | - |
| Q1 2017 | 48.87 % | 43.08 % | 16.65 % |
| Q2 2017 | 31.73 % | 19.66 % | (30.37 %) |
| Q3 2017 | (462.06 %) | (360.89 %) | (1304.86 %) |
| Q4 2017 | - | - | - |
| Q1 2018 | 20.61 % | 29.85 % | (90.97 %) |
| Q2 2018 | 19.77 % | 25.46 % | (59.15 %) |
| Q3 2018 | 50.89 % | 50.49 % | 35.51 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2009 | 756.39 | (0.02) | (0.02) | 8.80 |
| Q2 2009 | 756.39 | (0.04) | (0.04) | 8.78 |
| Q3 2009 | 756.39 | (0.07) | (0.07) | 8.78 |
| Q4 2009 | 756.39 | (0.04) | (0.04) | 8.78 |
| Q1 2010 | 756.39 | (0.05) | (0.05) | 8.76 |
| Q2 2010 | 756.39 | (0.04) | (0.04) | 8.75 |
| Q3 2010 | 756.39 | (0.04) | (0.04) | 8.74 |
| Q4 2010 | 756.39 | (0.05) | (0.05) | 8.73 |
| Q1 2011 | 756.39 | (0.05) | (0.05) | 8.72 |
| Q2 2011 | 756.39 | (0.05) | (0.05) | 8.70 |
| Q3 2011 | 929.40 | (0.04) | (0.04) | 9.77 |
| Q4 2011 | 929.40 | (0.04) | (0.04) | 9.76 |
| Q1 2012 | 929.40 | (0.05) | (0.05) | 9.74 |
| Q2 2012 | 929.40 | (0.05) | (0.05) | 9.73 |
| Q3 2012 | 929.40 | (0.06) | (0.06) | 9.71 |
| Q4 2012 | 929.40 | (0.06) | (0.06) | 9.70 |
| Q1 2013 | 929.40 | (0.05) | (0.05) | 9.70 |
| Q2 2013 | 929.40 | (0.04) | (0.04) | 9.61 |
| Q3 2013 | 929.40 | (0.03) | (0.03) | 9.65 |
| Q4 2013 | 929.40 | (0.08) | (0.08) | 9.62 |
| Q1 2014 | 929.40 | (0.07) | (0.07) | 9.60 |
| Q2 2014 | 929.40 | (0.07) | (0.07) | 9.60 |
| Q3 2014 | 929.40 | (0.07) | (0.07) | 9.57 |
| Q4 2014 | 929.40 | 0.46 | 0.46 | 10.01 |
| Q1 2015 | 929.40 | 0.62 | 0.62 | 10.11 |
| Q2 2015 | 929.40 | 0.69 | 0.69 | 10.19 |
| Q3 2015 | 929.40 | 0.70 | 0.70 | 10.24 |
| Q4 2015 | 929.40 | 0.10 | 0.10 | 10.10 |
| Q1 2016 | 929.40 | (0.14) | (0.14) | 10.14 |
| Q2 2016 | 929.40 | (0.20) | (0.29) | 10.03 |
| Q3 2016 | 929.40 | (0.14) | (0.23) | 10.08 |
| Q4 2016 | 929.40 | (0.08) | (0.17) | 10.97 |
| Q1 2017 | 929.40 | 0.06 | (0.03) | 10.96 |
| Q2 2017 | 929.40 | (0.01) | (0.01) | 11.02 |
| Q3 2017 | 929.40 | (0.72) | (0.72) | 10.96 |
| Q4 2017 | - | - | - | - |
| Q1 2018 | 929.40 | - | - | 10.18 |
| Q2 2018 | 929.40 | - | - | 10.02 |
| Q3 2018 | 929.40 | - | - | 10.52 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2008 | 756.39 | (0.07) | (0.07) | 8.81 |
| 2009 | 756.39 | (0.03) | (0.03) | 8.78 |
| 2010 | 756.39 | (0.05) | (0.05) | 8.73 |
| 2011 | 929.40 | (0.04) | (0.04) | 9.76 |
| 2012 | 929.40 | (0.06) | (0.06) | 9.70 |
| 2013 | 929.40 | (0.04) | (0.04) | 9.62 |
| 2014 | 929.40 | 0.45 | 0.45 | 10.01 |
| 2015 | 929.40 | 0.10 | 0.10 | 10.10 |
| 2016 | 929.40 | 0.08 | 0.08 | 10.97 |
| 2017 | 929.40 | (0.65) | (0.68) | 10.32 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2009 | NEG | NEG | 2.86 |
| Q2 2009 | NEG | NEG | 2.91 |
| Q3 2009 | NEG | NEG | 3.15 |
| Q4 2009 | NEG | NEG | 2.91 |
| Q1 2010 | NEG | NEG | 3.10 |
| Q2 2010 | NEG | NEG | 2.83 |
| Q3 2010 | NEG | NEG | 2.81 |
| Q4 2010 | NEG | NEG | 2.70 |
| Q1 2011 | NEG | NEG | 2.37 |
| Q2 2011 | NEG | NEG | 2.36 |
| Q3 2011 | NEG | NEG | 1.51 |
| Q4 2011 | NEG | NEG | 1.55 |
| Q1 2012 | NEG | NEG | 2.46 |
| Q2 2012 | NEG | NEG | 2.20 |
| Q3 2012 | NEG | NEG | 2.34 |
| Q4 2012 | NEG | NEG | 2.43 |
| Q1 2013 | NEG | NEG | 3.28 |
| Q2 2013 | NEG | NEG | 3.68 |
| Q3 2013 | NEG | NEG | 3.94 |
| Q4 2013 | NEG | NEG | 3.77 |
| Q1 2014 | NEG | NEG | 5.32 |
| Q2 2014 | NEG | NEG | 5.93 |
| Q3 2014 | NEG | NEG | 6.83 |
| Q4 2014 | More than 50 | More than 50 | 6.51 |
| Q1 2015 | More than 50 | More than 50 | 9.33 |
| Q2 2015 | More than 50 | More than 50 | 9.06 |
| Q3 2015 | More than 50 | More than 50 | 7.78 |
| Q4 2015 | More than 50 | More than 50 | 6.83 |
| Q1 2016 | NEG | NEG | 6.87 |
| Q2 2016 | NEG | NEG | 7.81 |
| Q3 2016 | NEG | NEG | 6.26 |
| Q4 2016 | NEG | NEG | 8.47 |
| Q1 2017 | More than 50 | NEG | 7.71 |
| Q2 2017 | NEG | NEG | 8.29 |
| Q3 2017 | NEG | NEG | 7.62 |
| Q4 2017 | - | - | - |
| Q1 2018 | - | - | 6.16 |
| Q2 2018 | - | - | 5.08 |
| Q3 2018 | - | - | 4.62 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2008 | NEG | NEG | 3.12 |
| 2009 | NEG | NEG | 2.91 |
| 2010 | NEG | NEG | 2.70 |
| 2011 | NEG | NEG | 1.55 |
| 2012 | NEG | NEG | 2.43 |
| 2013 | NEG | NEG | 3.77 |
| 2014 | More than 50 | More than 50 | 6.51 |
| 2015 | More than 50 | More than 50 | 6.83 |
| 2016 | More than 50 | More than 50 | 8.47 |
| 2017 | NEG | NEG | 7.12 |
Q3 2018
2018
| Period | Hotels | Commercial center | Investment properties sector |
|---|---|---|---|
| Q1 2014 | - | 23.86 | - |
| Q2 2014 | - | 26.57 | - |
| Q3 2014 | - | 26.79 | - |
| Q4 2014 | 61.63 | 27.92 | 564.40 |
| Q1 2015 | 27.91 | 31.75 | 179.50 |
| Q2 2015 | 27.16 | 32.39 | 175.40 |
| Q3 2015 | 46.50 | 30.42 | 115.60 |
| Q4 2015 | 76.09 | 36.71 | - |
| Q1 2016 | 57.38 | 35.83 | 11.30 |
| Q2 2016 | 163.57 | 2.87 | - |
| Q4 2016 | 124.33 | - | 989.30 |
| Q1 2017 | 93.63 | 21.84 | 196.00 |
| Q2 2017 | 202.86 | 19.38 | 100.88 |
| Q3 2017 | 168.45 | 31.74 | - |
| Q4 2017 | 116.23 | 30.17 | - |
| Q1 2018 | 114.54 | 27.59 | - |
| Q2 2018 | 215.15 | 35.10 | - |
| Q3 2018 | 182.41 | 34.68 | 1,105.57 |
| Period | Hotels | Commercial center | Investment properties sector |
|---|---|---|---|
| 2013 | - | 45.60 | - |
| 2014 | 61.63 | 105.15 | 564.40 |
| 2015 | 177.66 | 131.27 | 470.50 |
| 2016 | 412.31 | 67.03 | 1,000.60 |
| 2017 | 487.53 | 81.29 | - |
| Current | |
| Market Cap (M Riyal) | 28,309.08 |
| Enterprise Value (EV) (M) | 38,526.61 |
| Shares Outstanding ((M)) | 1,154.53 |
| EPS ( Riyal) (TTM) | 0.04 |
| Book Value (BV) ( Riyal) | 11.04 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| P/E (TTM) | More than 50 |
| Price/book | 2.22 |
| Return on Average Assets (%) (TTM) | 0.2 |
| Return on Average Equity (%) (TTM) | 0.4 |
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