Fitaihi's net profit surges to SAR 8 mln in FY 2018

21/03/2019 Argaam Exclusive

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Share Price

4.04
0.02 0.50 %

Fitaihi Holding Group (FITAIHI GROUP)

Fitaihi Holding Group posted a net profit after zakat and tax of SAR 7.8 million for fiscal year 2018, compared to a net profit of SAR 702,066 a year earlier.



Financials (M)

Item 2017 2018 Change‬
Revenues 154.85 115.01 (25.7 %)
Gross Income 68.82 52.99 (23.0 %)
Operating Income (32.39) (21.01) 35.1 %
Net Income 0.70 7.77 1007.0 %
Average Shares 275.00 275.00 -
EPS (Riyals) 0.00 0.03 1007.0 %

The net profit surge was attributed to a drop in selling and marketing costs, general and administrative expenses and improved sales profit margins.

 

The annual results were also bolstered by a 65 percent fall in slow moving inventory provisions and lower zakat provision. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2017 Q4 2018 Change‬
Revenues 33.97 29.47 (13.2 %)
Gross Income 15.42 13.43 (12.9 %)
Operating Income (23.08) (12.67) 45.1 %
Net Income (19.73) (7.20) 63.5 %
Average Shares 275.00 275.00 -
EPS (Riyals) (0.07) (0.03) 63.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2009 36.84 (5.6 %) 17.02 5.6 % 6.36 (26.6 %) 0.02
Q2 2009 40.21 (37.1 %) 17.92 (33.1 %) 4.81 (65.6 %) 0.02
Q3 2009 40.72 (20.5 %) 17.90 (22.6 %) 1.59 (41.2 %) 0.01
Q4 2009 34.30 (14.5 %) 15.86 (8.3 %) (2.44) 60.4 % (0.01)
Q1 2010 36.05 (2.1 %) 17.29 1.6 % 12.70 99.8 % 0.05
Q2 2010 36.13 (10.1 %) 17.30 (3.4 %) 2.08 (56.9 %) 0.01
Q3 2010 46.52 14.2 % 21.05 17.6 % 2.48 56.1 % 0.01
Q4 2010 47.47 38.4 % 22.22 40.1 % 4.50 284.0 % 0.02
Q1 2011 49.57 37.5 % 23.48 35.8 % 13.20 3.9 % 0.05
Q2 2011 61.55 70.4 % 29.59 71.1 % 9.80 372.0 % 0.04
Q3 2011 48.85 5.0 % 26.09 24.0 % 5.34 115.3 % 0.02
Q4 2011 46.85 (1.3 %) 23.60 6.2 % (74.60) (1758.4 %) (0.27)
Q1 2012 68.09 37.4 % 34.99 49.0 % 17.73 34.4 % 0.06
Q2 2012 61.68 0.2 % 32.63 10.2 % 11.68 19.2 % 0.04
Q3 2012 57.95 18.6 % 29.49 13.0 % 6.44 20.6 % 0.02
Q4 2012 66.28 41.5 % 26.65 12.9 % (1.77) 97.6 % (0.01)
Q1 2013 66.80 (1.9 %) 32.75 (6.4 %) 19.32 8.9 % 0.07
Q2 2013 64.40 4.4 % 35.32 8.2 % 11.86 1.5 % 0.04
Q3 2013 63.50 9.6 % 33.59 13.9 % 5.21 (19.1 %) 0.02
Q4 2013 54.70 (17.5 %) 21.82 (18.1 %) (0.67) 62.4 % 0.00
Q1 2014 74.78 11.9 % 36.69 12.1 % 24.13 24.9 % 0.09
Q2 2014 74.71 16.0 % 36.54 3.5 % 24.45 106.2 % 0.09
Q3 2014 77.36 21.8 % 37.59 11.9 % 12.83 146.4 % 0.05
Q4 2014 71.61 30.9 % 32.08 47.0 % 8.73 1411.3 % 0.03
Q1 2015 68.94 (7.8 %) 33.65 (8.3 %) 16.79 (30.4 %) 0.06
Q2 2015 72.01 (3.6 %) 35.82 (2.0 %) 21.54 (11.9 %) 0.08
Q3 2015 56.72 (26.7 %) 27.80 (26.0 %) 9.72 (24.3 %) 0.04
Q4 2015 65.89 (8.0 %) 30.15 (6.0 %) (7.49) (185.7 %) (0.03)
Q1 2016 48.34 (29.9 %) 24.29 (27.8 %) (30.20) (279.8 %) (0.11)
Q2 2016 61.36 (14.8 %) 28.73 (19.8 %) 26.31 22.1 % 0.10
Q3 2016 37.24 (34.3 %) 18.57 (33.2 %) 3.14 (67.7 %) 0.01
Q4 2016 48.42 (26.5 %) 18.63 (38.2 %) (17.85) (138.4 %) (0.06)
Q1 2017 51.08 5.7 % 21.23 (12.6 %) 11.94 139.5 % 0.04
Q2 2017 50.50 (17.7 %) 22.66 (21.1 %) 13.11 (50.2 %) 0.05
Q3 2017 19.30 (48.2 %) 9.51 (48.8 %) (4.62) (246.9 %) (0.02)
Q4 2017 33.97 (29.9 %) 15.42 (17.2 %) (19.73) (10.5 %) (0.07)
Q1 2018 28.78 (43.7 %) 12.51 (41.1 %) 1.50 (87.5 %) 0.01
Q2 2018 36.80 (27.1 %) 17.20 (24.1 %) 13.63 3.9 % 0.05
Q3 2018 19.97 3.5 % 9.86 3.6 % (0.15) 96.7 % 0.00
Q4 2018 29.47 (13.2 %) 13.43 (12.9 %) (7.20) 63.5 % (0.03)
2018 115.01 (25.7 %) 52.99 (23.0 %) 7.77 1007.0 % 0.03

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 43.85 % 17.68 % 8.78 %
Q2 2009 44.75 % 17.73 % 4.57 %
Q3 2009 44.42 % 14.86 % 4.17 %
Q4 2009 45.17 % 14.21 % 6.78 %
Q1 2010 45.59 % 13.99 % 10.04 %
Q2 2010 46.43 % 11.96 % 9.46 %
Q3 2010 46.73 % 12.84 % 9.68 %
Q4 2010 46.86 % 15.75 % 13.09 %
Q1 2011 46.78 % 17.10 % 13.20 %
Q2 2011 46.97 % 18.34 % 14.61 %
Q3 2011 48.87 % 19.12 % 15.83 %
Q4 2011 49.69 % 15.62 % 8.73 %
Q1 2012 50.71 % 17.72 % 10.03 %
Q2 2012 52.03 % 18.71 % 10.86 %
Q3 2012 51.46 % 18.63 % 10.91 %
Q4 2012 48.72 % 20.58 % 15.86 %
Q1 2013 48.08 % 18.62 % 16.57 %
Q2 2013 48.63 % 18.83 % 16.46 %
Q3 2013 49.16 % 18.46 % 15.64 %
Q4 2013 49.51 % 16.17 % 12.06 %
Q1 2014 49.51 % 15.89 % 13.49 %
Q2 2014 48.06 % 14.32 % 12.62 %
Q3 2014 47.12 % 13.07 % 13.81 %
Q4 2014 47.88 % 14.12 % 18.06 %
Q1 2015 47.80 % 13.64 % 15.97 %
Q2 2015 47.99 % 13.73 % 19.78 %
Q3 2015 48.03 % 10.77 % 21.09 %
Q4 2015 48.34 % 9.88 % 19.79 %
Q1 2016 48.59 % 6.73 % 15.43 %
Q2 2016 47.77 % 4.01 % 26.04 %
Q3 2016 47.80 % 4.48 % 26.41 %
Q4 2016 46.18 % (1.77 %) 17.54 %
Q1 2017 44.00 % (0.59 %) 20.48 %
Q2 2017 43.31 % (0.96 %) 4.51 %
Q3 2017 42.55 % (3.80 %) (1.13 %)
Q4 2017 44.44 % (5.68 %) (2.47 %)
Q1 2018 45.34 % (10.05 %) (8.13 %)
Q2 2018 45.98 % (11.61 %) (8.06 %)
Q3 2018 46.01 % (8.52 %) (4.01 %)
Q4 2018 46.08 % (2.88 %) 6.76 %
2018 46.08 % (2.88 %) 6.76 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 275.00 0.06 0.06 2.12
Q2 2009 275.00 0.03 0.03 2.19
Q3 2009 275.00 0.02 0.02 2.25
Q4 2009 275.00 0.04 0.04 2.22
Q1 2010 275.00 0.06 0.06 2.35
Q2 2010 275.00 0.05 0.05 2.30
Q3 2010 275.00 0.05 0.05 2.37
Q4 2010 275.00 0.08 0.08 2.40
Q1 2011 275.00 0.08 0.09 2.40
Q2 2011 275.00 0.11 0.11 2.39
Q3 2011 275.00 0.12 0.12 2.37
Q4 2011 275.00 (0.17) 0.07 2.31
Q1 2012 275.00 (0.15) 0.08 2.30
Q2 2012 275.00 (0.14) 0.09 2.28
Q3 2012 275.00 (0.14) 0.09 2.39
Q4 2012 275.00 0.12 0.15 2.41
Q1 2013 275.00 0.13 0.15 2.30
Q2 2013 275.00 0.13 0.15 2.33
Q3 2013 275.00 0.13 0.15 2.47
Q4 2013 275.00 0.13 0.11 2.55
Q1 2014 275.00 0.15 0.13 2.56
Q2 2014 275.00 0.19 0.12 2.64
Q3 2014 275.00 0.22 0.14 2.70
Q4 2014 275.00 0.26 0.20 2.74
Q1 2015 275.00 0.23 0.17 2.69
Q2 2015 275.00 0.22 0.21 2.79
Q3 2015 275.00 0.21 0.21 2.78
Q4 2015 275.00 0.15 0.19 2.70
Q1 2016 275.00 (0.02) 0.14 2.38
Q2 2016 275.00 (0.01) 0.22 2.46
Q3 2016 275.00 (0.03) 0.20 2.54
Q4 2016 275.00 (0.07) 0.12 2.48
Q1 2017 275.00 0.09 0.15 2.61
Q2 2017 275.00 0.04 0.03 2.64
Q3 2017 275.00 0.01 (0.01) 2.64
Q4 2017 275.00 0.00 (0.01) 2.49
Q1 2018 275.00 (0.04) (0.04) 2.49
Q2 2018 275.00 (0.03) (0.03) 2.38
Q3 2018 275.00 (0.02) (0.02) 2.34
Q4 2018 275.00 0.03 0.03 2.30

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 28.00 28.00 0.81
Q2 2009 More than 50 More than 50 1.55
Q3 2009 More than 50 More than 50 1.27
Q4 2009 More than 50 More than 50 1.03
Q1 2010 35.79 39.23 0.92
Q2 2010 38.39 38.39 0.85
Q3 2010 33.77 33.77 0.77
Q4 2010 24.07 24.07 0.79
Q1 2011 21.15 19.85 0.71
Q2 2011 17.69 17.69 0.81
Q3 2011 15.49 15.49 0.78
Q4 2011 NEG 32.05 0.91
Q1 2012 NEG 42.48 1.52
Q2 2012 NEG 24.87 0.97
Q3 2012 NEG 29.56 1.15
Q4 2012 20.54 17.38 1.06
Q1 2013 20.35 17.33 1.15
Q2 2013 19.79 16.87 1.11
Q3 2013 20.97 17.78 1.07
Q4 2013 21.90 26.00 1.12
Q1 2014 21.84 25.49 1.26
Q2 2014 19.69 30.97 1.44
Q3 2014 19.40 30.32 1.59
Q4 2014 13.87 18.04 1.29
Q1 2015 18.14 24.38 1.54
Q2 2015 19.35 20.21 1.51
Q3 2015 15.01 15.01 1.11
Q4 2015 17.35 13.50 0.95
Q1 2016 NEG 17.84 1.02
Q2 2016 NEG 12.36 1.11
Q3 2016 NEG 8.95 0.72
Q4 2016 NEG 17.98 0.90
Q1 2017 25.15 14.59 0.82
Q2 2017 More than 50 More than 50 0.80
Q3 2017 More than 50 NEG 0.86
Q4 2017 More than 50 NEG 0.86
Q1 2018 NEG NEG 0.81
Q2 2018 NEG NEG 0.88
Q3 2018 NEG NEG 0.85
Q4 2018 More than 50 More than 50 0.80

Business Segments (Million)

Compared With The
Period Business Activities Investment activity

Current
Market Cap (M Riyal) 1,111.00
Enterprise Value (EV) (M) 1,103.75
Shares Outstanding ((M)) 275.00
EPS ( Riyal) (TTM) 0.01
Book Value (BV) ( Riyal) 1.57
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 2.57
Return on Average Assets (%) (TTM) 0.3
Return on Average Equity (%) (TTM) 0.4

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