Astra Industrial’s net profit slides 15% in nine-months 2015

20/10/2015 Argaam Exclusive

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Share Price

153.00
0.80 0.53 %

Astra Industrial Group (ASTRA INDUSTRIAL)

 

Astra Industrial Group reported a net profit of SAR 71.6 million for the first nine months of 2015, a drop of 14.7 percent compared to the same period last year, hurt by higher expenses, mainly resulting from currency exchange losses and a slowdown in the pharmaceuticals and specialty chemicals sectors.



Financials (M)

Item 9m 2014 9m 2015 Change‬
Revenues 1,391.94 1,333.17 (4.2 %)
Gross Income 447.37 474.60 6.1 %
Operating Income 48.34 49.84 3.1 %
Net Income 84.04 71.66 (14.7 %)
Average Shares 80.00 80.00 -
EPS (Riyals) 1.05 0.90 (14.7 %)

 

The company's Q3-2015 net profit fell 47 percent year-on-year to SAR 9.4 million, driven by lower operating income and higher selling & marketing expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2014 Q3 2015 Change‬
Revenues 439.81 381.83 (13.2 %)
Gross Income 125.94 130.00 3.2 %
Operating Income 5.15 1.92 (62.8 %)
Net Income 17.91 9.46 (47.2 %)
Average Shares 80.00 80.00 -
EPS (Riyals) 0.22 0.12 (47.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2006 - - - - - - -
Q2 2006 - - - - - - -
Q3 2006 - - - - - - -
Q4 2006 - - - - - - -
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
Q1 2008 234.18 - 108.93 - 59.51 - 0.74
Q2 2008 239.57 - 106.57 - 46.73 - 0.58
Q3 2008 267.42 - 109.59 - 53.84 - 0.67
Q4 2008 249.84 - 94.22 - 25.72 - 0.32
Q1 2009 231.27 (1.2 %) 108.74 (0.2 %) 49.23 (17.3 %) 0.62
Q2 2009 256.59 7.1 % 108.08 1.4 % 50.74 8.6 % 0.63
Q3 2009 228.37 (14.6 %) 105.09 (4.1 %) 54.23 0.7 % 0.68
Q4 2009 255.30 2.2 % 120.14 27.5 % 49.84 93.8 % 0.62
Q1 2010 276.32 19.5 % 126.93 16.7 % 57.88 17.6 % 0.72
Q2 2010 276.03 7.6 % 126.08 16.7 % 61.46 21.1 % 0.77
Q3 2010 260.98 14.3 % 121.38 15.5 % 80.65 48.7 % 1.01
Q4 2010 307.13 20.3 % 110.67 (7.9 %) 59.00 18.4 % 0.74
Q1 2011 356.77 29.1 % 141.28 11.3 % 62.04 7.2 % 0.78
Q2 2011 373.14 35.2 % 146.07 15.9 % 67.28 9.5 % 0.84
Q3 2011 334.40 28.1 % 139.61 15.0 % 58.49 (27.5 %) 0.73
Q4 2011 340.93 11.0 % 138.10 24.8 % 63.77 8.1 % 0.80
Q1 2012 391.50 9.7 % 155.53 10.1 % 64.08 3.3 % 0.80
Q2 2012 376.88 1.0 % 155.50 6.5 % 68.50 1.8 % 0.86
Q3 2012 317.94 (4.9 %) 152.83 9.5 % 46.66 (20.2 %) 0.58
Q4 2012 410.00 20.3 % 154.06 11.6 % 63.43 (0.5 %) 0.79
Q1 2013 454.19 16.0 % 174.40 12.1 % 68.32 6.6 % 0.85
Q2 2013 447.54 18.7 % 178.71 14.9 % 61.72 (9.9 %) 0.77
Q3 2013 360.22 13.3 % 157.84 3.3 % 50.69 8.7 % 0.63
Q4 2013 509.48 24.3 % 169.90 10.3 % 72.41 14.1 % 0.91
Q1 2014 498.90 9.8 % 184.96 6.1 % 63.06 (7.7 %) 0.79
Q2 2014 453.23 1.3 % 136.47 (23.6 %) 3.07 (95.0 %) 0.04
Q3 2014 439.81 22.1 % 125.94 (20.2 %) 17.91 (64.7 %) 0.22
Q4 2014 491.79 (3.5 %) 158.77 (6.5 %) 25.72 (64.5 %) 0.32
Q1 2015 489.36 (1.9 %) 181.61 (1.8 %) 42.11 (33.2 %) 0.53
Q2 2015 461.99 1.9 % 162.98 19.4 % 20.10 554.8 % 0.25
Q3 2015 381.83 (13.2 %) 130.00 3.2 % 9.46 (47.2 %) 0.12

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 42.31 % 20.25 % 18.75 %
Q1 2009 42.42 % 19.13 % 17.57 %
Q2 2009 41.85 % 18.11 % 17.40 %
Q3 2009 43.07 % 18.44 % 17.85 %
Q4 2009 45.50 % 19.94 % 19.92 %
Q1 2010 45.27 % 19.14 % 19.81 %
Q2 2010 46.16 % 19.11 % 20.40 %
Q3 2010 46.28 % 17.92 % 20.40 %
Q4 2010 43.29 % 18.41 % 20.54 %
Q1 2011 41.59 % 17.71 % 19.73 %
Q2 2011 40.01 % 16.85 % 18.97 %
Q3 2011 39.20 % 16.26 % 18.00 %
Q4 2011 40.21 % 15.71 % 17.90 %
Q1 2012 40.23 % 15.71 % 17.61 %
Q2 2012 40.78 % 15.91 % 17.65 %
Q3 2012 42.18 % 15.95 % 17.03 %
Q4 2012 41.30 % 15.09 % 16.22 %
Q1 2013 40.85 % 14.76 % 15.84 %
Q2 2013 40.50 % 13.92 % 14.74 %
Q3 2013 39.77 % 13.56 % 14.60 %
Q4 2013 38.44 % 13.31 % 14.29 %
Q1 2014 38.07 % 13.64 % 13.65 %
Q2 2014 35.63 % 11.75 % 10.39 %
Q3 2014 32.46 % 10.54 % 8.23 %
Q4 2014 32.18 % 9.87 % 5.83 %
Q1 2015 32.16 % 9.69 % 4.74 %
Q2 2015 33.42 % 10.59 % 5.62 %
Q3 2015 34.71 % 10.53 % 5.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 80.00 - - 11.03
Q2 2008 80.00 - - 11.56
Q3 2008 80.00 - - 17.67
Q4 2008 80.00 2.32 2.32 17.98
Q1 2009 80.00 2.19 2.17 18.51
Q2 2009 80.00 2.24 2.19 18.54
Q3 2009 80.00 2.25 2.16 19.10
Q4 2009 80.00 2.55 2.42 19.52
Q1 2010 80.00 2.66 2.52 19.08
Q2 2010 80.00 2.79 2.64 19.84
Q3 2010 80.00 3.12 2.72 20.62
Q4 2010 80.00 3.24 2.88 21.05
Q1 2011 80.00 3.29 2.96 21.73
Q2 2011 80.00 3.36 3.08 21.19
Q3 2011 80.00 3.09 3.09 21.89
Q4 2011 80.00 3.14 3.14 22.39
Q1 2012 80.00 3.17 3.17 23.18
Q2 2012 80.00 3.19 3.19 22.27
Q3 2012 80.00 3.04 3.04 22.63
Q4 2012 80.00 3.03 3.03 23.03
Q1 2013 80.00 3.09 3.09 23.94
Q2 2013 80.00 3.00 3.00 22.92
Q3 2013 80.00 3.05 3.05 23.18
Q4 2013 80.00 3.16 3.16 23.68
Q1 2014 80.00 3.10 3.10 24.43
Q2 2014 80.00 2.37 2.37 22.82
Q3 2014 80.00 1.96 1.96 22.99
Q4 2014 80.00 1.37 1.37 23.08
Q1 2015 80.00 1.11 1.11 23.53
Q2 2015 80.00 1.32 1.32 22.71
Q3 2015 80.00 1.22 1.22 22.19

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - 1.71
Q4 2008 9.75 9.75 1.26
Q1 2009 8.88 8.98 1.05
Q2 2009 13.08 13.42 1.58
Q3 2009 14.41 15.04 1.70
Q4 2009 12.82 13.51 1.67
Q1 2010 14.10 14.89 1.97
Q2 2010 12.24 12.93 1.72
Q3 2010 11.80 13.53 1.79
Q4 2010 11.15 12.55 1.72
Q1 2011 9.49 10.53 1.44
Q2 2011 9.53 10.41 1.51
Q3 2011 10.47 10.47 1.48
Q4 2011 10.36 10.36 1.46
Q1 2012 12.71 12.71 1.74
Q2 2012 11.74 11.74 1.68
Q3 2012 12.04 12.04 1.62
Q4 2012 11.90 11.90 1.57
Q1 2013 12.18 12.18 1.57
Q2 2013 13.79 13.79 1.81
Q3 2013 13.83 13.83 1.82
Q4 2013 15.51 15.51 2.07
Q1 2014 18.15 18.15 2.30
Q2 2014 21.57 21.57 2.24
Q3 2014 24.30 24.30 2.07
Q4 2014 21.27 21.27 1.26
Q1 2015 26.98 26.98 1.27
Q2 2015 24.44 24.44 1.42
Q3 2015 19.14 19.14 1.05

Business Segments (Million)

Compared With The
Period Pharmaceuticals Specialty chemicals Energy and steel industries
Q1 2009 105.16 67.45 58.67
Q2 2009 110.55 91.59 54.44
Q3 2009 97.03 87.96 43.39
Q4 2009 110.04 96.49 48.77
Q1 2010 121.91 96.96 57.45
Q2 2010 119.52 108.62 47.89
Q3 2010 104.06 110.86 46.06
Q4 2010 105.44 130.51 71.18
Q1 2011 135.38 138.56 82.82
Q2 2011 146.24 135.09 91.81
Q3 2011 139.68 119.96 74.06
Q4 2011 123.64 126.61 68.12
Q1 2012 172.74 135.63 83.14
Q2 2012 151.94 138.05 86.89
Q3 2012 160.61 122.47 34.86
Q4 2012 170.66 150.68 88.66
Q1 2013 214.39 165.59 74.22
Q2 2013 205.41 157.70 84.42
Q3 2013 189.95 114.84 55.43
Q4 2013 258.27 115.01 136.20
Q1 2014 243.34 161.19 94.37
Q2 2014 207.26 144.23 101.73
Q3 2014 207.18 127.15 105.48
Q4 2014 268.21 154.23 104.43
Q1 2015 204.31 178.44 106.61
Q2 2015 248.39 143.08 70.51
Q3 2015 186.53 134.45 60.85

Current
Market Cap (M Riyal) 12,240.00
Enterprise Value (EV) (M) 11,500.13
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 6.28
Book Value (BV) ( Riyal) 28.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.37
P/E (TTM) 24.37
Price/book 5.36
Return on Average Assets (%) (TTM) 12.4
Return on Average Equity (%) (TTM) 23.6

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