Saudi Advanced posts net loss at SAR 900k in I2 of 2014

17/07/2014 Argaam Exclusive
1

 

Saudi Advanced industries Company, reported SAR 900k net loss at the end of the first half of 2014,  compared to SAR 12m net profit in the same period last year, as shown in the following table:

 



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 14.67 12.67 (13.6 %)
Gross Income 14.67 12.67 (13.6 %)
Operating Income 12.89 10.46 (18.9 %)
Net Income 11.96 (0.90) (107.5 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items 0.20 0.16 (17.7 %)
EPS (Riyals) 0.20 (0.01) (107.5 %)


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 9.84 4.64 (52.9 %)
Gross Income 9.84 4.64 (52.9 %)
Operating Income 9.05 3.51 (61.1 %)
Net Income 8.72 (6.91) (179.3 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items 0.15 0.05 (64.9 %)
EPS (Riyals) 0.15 (0.12) (179.3 %)

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Share Price

Saudi Advanced Industries Co. (SAIC)


Current
Market Cap (M Riyal) 1,731.00
Enterprise Value (EV) (M) 1,178.01
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 4.92
Book Value (BV) ( Riyal) 20.51
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 5.87
P/E (TTM) 5.87
Price/book 1.41
Return on Average Assets (%) (TTM) 23.8
Return on Average Equity (%) (TTM) 25.0


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2005 - - - - (0.35) (9.3 %)
Q2 2005 - - - - (0.72) (53.9 %)
Q3 2005 - - - - (0.33) 8.7 %
Q4 2005 - - - - (0.51) 24.0 %
Q1 2006 - - - - (0.50) (43.2 %)
Q2 2006 - - - - (0.33) 54.8 %
Q3 2006 - - - - (0.37) (12.3 %)
Q4 2006 - - - - (0.73) (41.2 %)
Q1 2007 - - - - (0.45) 10.5 %
Q2 2007 - - - - (1.66) (409.2 %)
Q3 2007 - - - - (0.53) (45.9 %)
Q4 2007 - - - - (0.24) 67.1 %
Q1 2008 5.07 - 5.07 - 4.51 1099.8 %
Q2 2008 9.39 - 9.39 - 8.60 617.8 %
Q3 2008 6.36 - 6.36 - 4.91 1018.5 %
Q4 2008 4.72 - 4.72 - 3.63 1617.6 %
Q1 2009 6.58 29.8 % 6.58 29.8 % 5.68 25.9 %
Q2 2009 13.17 40.4 % 13.17 40.4 % 12.19 41.8 %
Q3 2009 11.47 80.4 % 11.47 80.4 % 10.72 118.6 %
Q4 2009 7.70 63.2 % 7.70 63.2 % 6.68 84.2 %
Q1 2010 3.62 (45.0 %) 3.62 (45.0 %) 2.68 (52.9 %)
Q2 2010 7.55 (42.7 %) 7.55 (42.7 %) 6.59 (45.9 %)
Q3 2010 2.36 (79.4 %) 2.36 (79.4 %) 1.78 (83.4 %)
Q4 2010 (0.23) (103.0 %) (0.23) (103.0 %) (0.50) (107.5 %)
Q1 2011 1.12 (69.2 %) 1.12 (69.2 %) 0.28 (89.5 %)
Q2 2011 1.42 (81.2 %) 1.42 (81.2 %) 0.75 (88.6 %)
Q3 2011 (2.76) (216.8 %) (2.76) (216.8 %) (3.27) (283.6 %)
Q4 2011 8.81 3897.4 % 8.81 3897.4 % 6.67 1422.4 %
Q1 2012 (1.55) (239.2 %) (1.55) (239.2 %) (2.58) (1021.1 %)
Q2 2012 (2.96) (309.4 %) (2.96) (309.4 %) (3.98) (627.5 %)
Q3 2012 (0.62) 77.4 % (0.62) 77.4 % (0.99) 69.6 %
Q4 2012 (33.24) (477.3 %) (33.24) (477.3 %) (34.97) (624.7 %)
Q1 2013 4.83 411.3 % 4.83 411.3 % 3.84 249.0 %
Q2 2013 9.84 432.0 % 9.84 432.0 % 9.05 327.4 %
Q3 2013 9.50 1624.2 % 9.50 1624.2 % 8.74 978.9 %
Q4 2013 6.64 120.0 % 6.64 120.0 % 4.79 113.7 %
2013 30.80 180.3 % 30.80 180.3 % 26.42 162.1 %
Q1 2014 8.03 66.2 % 8.03 66.2 % 6.94 80.7 %
Q2 2014 4.64 (52.9 %) 4.64 (52.9 %) 3.51 (61.1 %)



Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
Q1 2005 (0.23) (1,325.0 %) (0.01) - (0.23) (0.01)
Q2 2005 0.65 286.0 % 0.02 - 0.65 0.02
Q3 2005 (0.23) 3.8 % (0.01) - (0.23) (0.01)
Q4 2005 3.22 675.4 % 0.08 - 3.22 0.08
Q1 2006 1.04 554.8 % 0.02 - 1.04 0.02
Q2 2006 0.53 (18.6 %) 0.01 - 0.53 0.01
Q3 2006 (0.36) (55.9 %) (0.01) - (0.36) (0.01)
Q4 2006 (0.78) (124.2 %) (0.02) - (0.78) (0.02)
Q1 2007 3.51 238.4 % 0.08 - 3.51 0.08
Q2 2007 3.81 618.5 % 0.06 - 3.81 0.06
Q3 2007 3.07 959.1 % 0.05 - 3.07 0.05
Q4 2007 5.22 769.8 % 0.09 - 5.22 0.09
Q1 2008 4.40 25.3 % 0.07 - 4.40 0.07
Q2 2008 8.71 128.7 % 0.15 - 8.71 0.15
Q3 2008 4.39 43.0 % 0.07 - 4.39 0.07
Q4 2008 2.17 (58.5 %) 0.04 - 2.17 0.04
Q1 2009 6.19 40.7 % 0.10 - 6.19 0.10
Q2 2009 11.97 37.5 % 0.20 - 11.97 0.20
Q3 2009 10.46 138.5 % 0.17 - 10.46 0.17
Q4 2009 6.17 184.5 % 0.10 - 6.17 0.10
Q1 2010 2.60 (58.0 %) 0.04 - 2.60 0.04
Q2 2010 6.44 (46.2 %) 0.11 - 6.44 0.11
Q3 2010 1.74 (83.4 %) 0.03 - 1.74 0.03
Q4 2010 (0.84) (113.7 %) (0.01) - (0.84) (0.01)
Q1 2011 0.17 (93.3 %) 0.00 - 0.17 0.00
Q2 2011 4.19 (34.9 %) 0.07 - 4.19 0.07
Q3 2011 (0.27) (115.7 %) 0.00 - (0.27) 0.00
Q4 2011 5.70 776.3 % 0.10 - 5.70 0.10
Q1 2012 (3.20) (1952.0 %) (0.05) - (3.20) (0.05)
Q2 2012 (26.17) (724.6 %) (0.44) - (26.17) (0.44)
Q3 2012 (4.34) (1,488.3 %) (0.07) - (4.34) (0.07)
Q4 2012 (28.39) (598.1 %) (0.47) - (28.39) (0.47)
Q1 2013 3.24 201.1 % 0.05 - 3.24 0.05
Q2 2013 8.72 133.3 % 0.15 - 8.72 0.15
Q3 2013 8.52 296.5 % 0.14 - 8.52 0.14
Q4 2013 4.58 116.1 % 0.08 - 4.58 0.08
2013 25.06 140.3 % 0.42 - 25.06 0.42
Q1 2014 6.01 85.7 % 0.10 (0.76) 6.77 0.11
Q2 2014 (6.91) (179.3 %) (0.12) (9.98) 3.06 0.05

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 100.00 % 41.27 % 325.29 %
Q2 2008 100.00 % 85.47 % 147.98 %
Q3 2008 100.00 % 85.49 % 109.10 %
Q4 2008 100.00 % 84.84 % 76.99 %
Q1 2009 100.00 % 84.43 % 79.31 %
Q2 2009 100.00 % 85.71 % 80.15 %
Q3 2009 100.00 % 89.69 % 85.64 %
Q4 2009 100.00 % 90.68 % 89.36 %
Q1 2010 100.00 % 89.79 % 86.74 %
Q2 2010 100.00 % 87.99 % 84.58 %
Q3 2010 100.00 % 83.65 % 79.81 %
Q4 2010 100.00 % 79.50 % 74.69 %
Q1 2011 100.00 % 75.76 % 69.52 %
Q2 2011 100.00 % 50.28 % 112.84 %
Q3 2011 100.00 % 593.44 % (710.50 %)
Q4 2011 100.00 % 51.93 % 114.05 %
Q1 2012 100.00 % 26.99 % 108.42 %
Q2 2012 100.00 % (204.03 %) (1556.96 %)
Q3 2012 100.00 % (23.51 %) (762.98 %)
Q4 2012 100.00 % 110.75 % 161.82 %
Q1 2013 100.00 % 112.79 % 173.99 %
Q2 2013 100.00 % 120.18 % 108.24 %
Q3 2013 100.00 % 146.97 % 87.28 %
Q4 2013 100.00 % 85.81 % 81.34 %
Q1 2014 100.00 % 86.84 % 84.08 %
Q2 2014 100.00 % 83.32 % 79.63 %



Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2005 42.18 (0.03) (0.03) 2.28
Q2 2005 42.18 (0.01) (0.01) 2.29
Q3 2005 42.18 (0.01) (0.01) 2.29
Q4 2005 42.18 0.08 0.08 2.36
Q1 2006 42.18 0.11 0.11 4.82
Q2 2006 42.18 0.11 0.11 4.02
Q3 2006 42.18 0.11 0.11 3.51
Q4 2006 42.18 0.01 0.01 2.93
Q1 2007 42.18 0.07 0.07 3.14
Q2 2007 60.00 0.10 0.10 12.80
Q3 2007 60.00 0.16 0.16 13.07
Q4 2007 60.00 0.26 0.26 13.67
Q1 2008 60.00 0.27 0.27 13.84
Q2 2008 60.00 0.36 0.36 13.90
Q3 2008 60.00 0.38 0.38 12.73
Q4 2008 60.00 0.33 0.33 11.70
Q1 2009 60.00 0.36 0.36 12.04
Q2 2009 60.00 0.41 0.41 12.29
Q3 2009 60.00 0.51 0.51 12.81
Q4 2009 60.00 0.58 0.58 12.93
Q1 2010 60.00 0.52 0.52 13.27
Q2 2010 60.00 0.43 0.43 13.34
Q3 2010 60.00 0.28 0.28 13.39
Q4 2010 60.00 0.17 0.17 13.87
Q1 2011 60.00 0.13 0.13 13.91
Q2 2011 60.00 0.09 0.09 13.93
Q3 2011 60.00 0.05 0.05 13.81
Q4 2011 60.00 0.16 0.16 13.74
Q1 2012 60.00 0.11 0.11 14.12
Q2 2012 60.00 (0.40) (0.40) 13.25
Q3 2012 60.00 (0.47) (0.47) 13.22
Q4 2012 60.00 (1.04) (1.04) 12.89
Q1 2013 60.00 (0.93) (0.93) 13.24
Q2 2013 60.00 (0.35) (0.35) 13.53
Q3 2013 60.00 (0.13) (0.13) 14.04
Q4 2013 60.00 0.42 0.42 14.75
Q1 2014 60.00 0.46 0.48 14.68
Q2 2014 60.00 0.20 0.38 14.58

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 NEG NEG 6.80
Q2 2005 NEG NEG 20.19
Q3 2005 NEG NEG 29.65
Q4 2005 More than 100 More than 100 27.31
Q1 2006 More than 100 More than 100 14.38
Q2 2006 More than 100 More than 100 21.73
Q3 2006 More than 100 More than 100 33.24
Q4 2006 More than 100 More than 100 11.37
Q1 2007 More than 100 More than 100 12.09
Q2 2007 More than 100 More than 100 1.38
Q3 2007 More than 100 More than 100 1.71
Q4 2007 91.45 91.45 1.74
Q1 2008 59.00 59.00 1.17
Q2 2008 44.97 44.97 1.15
Q3 2008 29.14 29.14 0.87
Q4 2008 22.10 22.10 0.62
Q1 2009 21.68 21.68 0.64
Q2 2009 22.93 22.93 0.77
Q3 2009 19.88 19.88 0.80
Q4 2009 17.41 17.41 0.78
Q1 2010 19.12 19.12 0.75
Q2 2010 20.30 20.30 0.65
Q3 2010 32.41 32.41 0.68
Q4 2010 59.23 59.23 0.71
Q1 2011 81.60 81.60 0.73
Q2 2011 More than 100 More than 100 0.77
Q3 2011 More than 100 More than 100 0.69
Q4 2011 67.37 67.37 0.80
Q1 2012 More than 100 More than 100 1.12
Q2 2012 NEG NEG 0.86
Q3 2012 NEG NEG 1.01
Q4 2012 NEG NEG 0.86
Q1 2013 NEG NEG 0.85
Q2 2013 NEG NEG 0.82
Q3 2013 NEG NEG 0.85
Q4 2013 31.92 31.92 0.90
Q1 2014 34.09 33.19 1.08
Q2 2014 92.86 49.40 1.30

Business Segments (Million)

Compared With The
Period Services and Invesments sector Glass industry Petrochemical sector Industrial Services Segment ( Energy and Utilities) Others
Q3 2009 - - - 9.85 1.62
Q4 2009 - (2.98) - 10.33 (0.34)
Q1 2010 - - - 2.00 1.62
Q2 2010 - - - 7.55 -
Q3 2010 - - - 2.36 -
Q4 2010 - (3.25) - 3.43 (0.04)
Q1 2011 - (0.65) - 1.76 -
Q2 2011 - (1.96) - 7.01 -
Q3 2011 - (2.76) - 3.39 -
Q4 2011 - (2.82) - (0.54) -
Q1 2012 - (2.43) - 0.87 -
Q2 2012 - (3.87) - (13.63) (1.59)
Q3 2012 - (3.86) - - 3.24
Q4 2012 - (2.96) - (14.14) -
Q1 2013 - (3.19) - 3.22 4.80
Q2 2013 - 0.45 - 9.39 0.04
Q3 2013 - 0.59 3.27 6.25 (0.61)
Q4 2013 - 2.75 - 3.88 -
Q1 2014 - 1.49 6.54 - 0.01
Q2 2014 - 0.60 - - 4.52

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منذ 5 سنه
للاسف لا حسيب ولا رقيب وشركة ايفا استخدمت اسلوب التدليس والمراوغه مع صغار المستثمرين. بسنة 2011 خلال اجتماع الجمعية العمومية للشركة صرح نائب رئيس مجلس الادارة طلال البحر الممثل عن مساهمين مجموعة البحر التي تمتلك 65% من شركة ايفا ان الشركة ليس عليها ديون ولا تحتاج ان تطلب مساعدة واتضح بعد فترة ان ما ذكره طلال البحر كذب وتضليل للمساهمين الصغار والتصريح طلال البحر موجود في مضبطة الجمعية العمومية!. وطريقة تخفيض راس المال بهذا الشكل يعتبر فشل ذريع من مجلس الادارة بحكم لديهم علم مسبق بديون الشركة ولم يبادرو لمعالجة الديون منذ سنوات طويله... نسال الله يعوض المساهمين الصغار واما المالك الرئيس لاسهم الشركة فهم يملكون مئات الملايين من الدنانير ولا تهمه خسارة الشركة والحاله السيئه التي وصلت لها. اعتذار عن الإطالة وشكرا
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