Takween’s swings to loss in H1

31/07/2017 Argaam Exclusive

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Share Price

12.54
(0.14) (1.10 %)

Takween Advanced Industries Co. (TAKWEEN)

 

Takween Advanced Industries Co. reported a net loss of SAR 21.57 million in the first half of 2017 compared to a net profit of SAR 14.38 million in the same period last year on lower sales revenue despite lower selling and distribution expenses, general and administrative expenses and research expenses.

 



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 756.64 634.27 (16.2 %)
Gross Income 135.65 79.28 (41.6 %)
Operating Income 52.44 2.81 (94.6 %)
Net Income 14.38 (21.57) (250.0 %)
Average Shares 29.72 57.86 94.7 %
EPS (Riyals) 0.48 (0.37) (177.0 %)

The company’s reported a net loss of SAR 12.67 million for the second quarter compared to a profit of SAR 12.50 million in the same quarter last year, due to lower sales revenue despite the increase in other income.

 

When compared to the previous quarter, Q2 2017 net loss came 42 percent higher.



Current Quarter Comparison (M)

Compared With The
Item Q2 2016 Q2 2017 Change‬
Revenues 403.97 331.85 (17.9 %)
Gross Income 78.13 37.28 (52.3 %)
Operating Income 31.46 (1.84) (105.9 %)
Net Income 12.50 (12.67) (201.3 %)
Average Shares 29.72 57.86 94.7 %
EPS (Riyals) 0.42 (0.22) (152.0 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 150.26 - 26.15 - 13.12 - 0.44
Q2 2011 186.64 - 34.17 - 22.06 - 0.74
Q3 2011 190.40 - 33.42 - 18.11 - 0.61
Q4 2011 166.84 - 35.19 - 22.87 - 0.77
Q1 2012 148.90 (0.9 %) 27.08 3.6 % 13.36 1.8 % 0.45
Q2 2012 177.53 (4.9 %) 33.37 (2.3 %) 21.15 (4.1 %) 0.71
Q3 2012 183.00 (3.9 %) 33.41 0.0 % 18.98 4.8 % 0.64
Q4 2012 160.23 (4.0 %) 28.80 (18.2 %) 21.83 (4.5 %) 0.73
Q1 2013 180.66 21.3 % 30.71 13.4 % 18.24 36.5 % 0.61
Q2 2013 193.99 9.3 % 26.22 (21.4 %) 16.85 (20.3 %) 0.57
Q3 2013 192.23 5.0 % 26.96 (19.3 %) 10.78 (43.2 %) 0.36
Q4 2013 164.14 2.4 % 11.42 (60.3 %) (1.47) (106.7 %) (0.05)
Q1 2014 173.69 (3.9 %) 22.19 (27.8 %) 8.80 (51.8 %) 0.30
Q2 2014 207.29 6.9 % 29.48 12.4 % 27.85 65.3 % 0.94
Q3 2014 194.64 1.3 % 35.61 32.1 % 19.44 80.4 % 0.65
Q4 2014 192.06 17.0 % 32.66 186.0 % (0.76) 48.3 % (0.03)
Q1 2015 419.32 141.4 % 27.89 25.7 % (15.49) (276.0 %) (0.52)
Q2 2015 477.02 130.1 % 77.15 161.8 % 28.03 0.7 % 0.94
Q3 2015 459.48 136.1 % 55.72 56.5 % (2.27) (111.7 %) (0.08)
Q4 2015 362.65 88.8 % 17.16 (47.4 %) (37.73) (4,865.0 %) (1.27)
Q1 2016 352.67 (15.9 %) 57.52 106.3 % 1.88 112.1 % 0.06
Q2 2016 403.97 (15.3 %) 78.13 1.3 % 12.50 (55.4 %) 0.42
Q3 2016 378.89 (17.5 %) 47.89 (14.1 %) 4.35 291.2 % 0.15
Q4 2016 280.07 (22.8 %) 18.03 5.1 % (80.82) (114.2 %) (1.40)
Q1 2017 302.42 (14.2 %) 42.00 (27.0 %) (8.91) (573.7 %) (0.15)
Q2 2017 331.85 (17.9 %) 37.28 (52.3 %) (12.67) (201.3 %) (0.22)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 18.57 % 19.57 % 10.97 %
Q1 2012 18.75 % 19.53 % 11.03 %
Q2 2012 18.88 % 19.39 % 11.04 %
Q3 2012 19.08 % 19.64 % 11.29 %
Q4 2012 18.32 % 19.44 % 11.25 %
Q1 2013 18.00 % 19.21 % 11.12 %
Q2 2013 16.60 % 17.47 % 9.25 %
Q3 2013 15.50 % 16.19 % 7.39 %
Q4 2013 13.04 % 12.73 % 3.48 %
Q1 2014 11.99 % 11.21 % 1.83 %
Q2 2014 12.21 % 11.41 % 1.28 %
Q3 2014 13.34 % 12.67 % 1.47 %
Q4 2014 15.62 % 15.46 % 4.66 %
Q1 2015 12.40 % 10.83 % 0.22 %
Q2 2015 13.51 % 12.23 % 1.91 %
Q3 2015 12.50 % 11.18 % 0.94 %
Q4 2015 10.35 % 9.38 % (2.42 %)
Q1 2016 12.57 % 12.28 % (0.61 %)
Q2 2016 13.21 % 11.92 % (1.62 %)
Q3 2016 13.40 % 13.76 % (1.27 %)
Q4 2016 14.24 % 9.88 % (2.67 %)
Q1 2017 13.63 % 9.09 % (3.56 %)
Q2 2017 11.23 % 7.33 % (5.71 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 29.72 - - 11.99
Q2 2011 29.72 - - 12.73
Q3 2011 29.72 - - 13.34
Q4 2011 29.72 2.56 2.56 13.10
Q1 2012 29.72 2.57 2.57 13.55
Q2 2012 29.72 2.54 2.54 12.90
Q3 2012 29.72 2.57 2.57 13.54
Q4 2012 29.72 2.53 2.53 14.23
Q1 2013 29.72 2.70 2.62 14.84
Q2 2013 29.72 2.55 2.23 14.90
Q3 2013 29.72 2.28 1.81 15.27
Q4 2013 29.72 1.49 0.86 15.22
Q1 2014 29.72 1.18 0.45 15.46
Q2 2014 29.72 1.55 0.32 15.81
Q3 2014 29.72 1.84 0.36 16.47
Q4 2014 29.72 1.86 1.20 16.44
Q1 2015 29.72 1.04 0.08 15.77
Q2 2015 29.72 1.05 0.83 16.69
Q3 2015 29.72 0.32 0.49 16.57
Q4 2015 29.72 (0.92) (1.40) 15.31
Q1 2016 29.72 (0.34) (0.34) 15.51
Q2 2016 29.72 (0.86) (0.86) 15.77
Q3 2016 29.72 (0.64) (0.64) 16.07
Q4 2016 57.86 (1.07) (0.65) 15.78
Q1 2017 57.86 (1.26) (0.84) 15.63
Q2 2017 57.86 (1.69) (1.28) 15.41

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 63.46 63.46 12.04
Q2 2012 41.50 41.50 8.17
Q3 2012 49.79 49.79 9.45
Q4 2012 44.76 44.76 7.97
Q1 2013 42.41 43.60 7.71
Q2 2013 48.04 54.91 8.23
Q3 2013 52.26 65.85 7.80
Q4 2013 78.48 More than 100 7.70
Q1 2014 More than 100 More than 100 7.99
Q2 2014 99.03 More than 100 9.68
Q3 2014 92.19 More than 100 10.29
Q4 2014 77.83 More than 100 8.81
Q1 2015 More than 100 More than 100 12.12
Q2 2015 More than 100 More than 100 13.29
Q3 2015 More than 100 More than 100 8.01
Q4 2015 NEG NEG 7.36
Q1 2016 NEG NEG 4.49
Q2 2016 NEG NEG 4.57
Q3 2016 NEG NEG 3.13
Q4 2016 NEG NEG 1.87
Q1 2017 NEG NEG 1.73
Q2 2017 NEG NEG 1.58

Business Segments (Million)

Compared With The
Period Polystyrene cups and lids and other related plastic products Non- woven Fabrics Thumbnail of preset BIT bottles (polyethylene terephthalate)
Q4 2010 41.72 67.54 38.25
Q1 2011 43.06 71.61 35.59
Q2 2011 60.95 73.94 51.74
Q3 2011 69.75 72.86 47.78
Q4 2011 58.65 69.10 39.08
Q1 2012 48.72 67.43 32.75
Q2 2012 67.45 60.71 49.37
Q3 2012 70.66 59.75 52.59
Q4 2012 56.30 62.99 40.93
Q1 2013 64.97 69.86 45.83
Q2 2013 70.83 65.93 57.23
Q3 2013 77.06 67.41 47.76
Q4 2013 68.04 63.45 32.66
Q1 2014 67.35 61.02 45.32
Q2 2014 76.50 79.64 51.15
Q3 2014 65.97 83.05 45.62
Q4 2014 103.83 88.24 -
Q1 2015 325.75 93.57 -
Q2 2015 388.58 88.44 -
Q3 2015 383.72 75.76 -
Q4 2015 294.56 68.09 -
Q1 2016 291.51 61.16 -
Q2 2016 341.70 62.26 -
Q3 2016 318.71 60.18 -
Q4 2016 239.65 40.43 -
Q1 2017 251.03 51.39 -
Q2 2017 273.10 58.75 -

Current
Market Cap (M Riyal) 958.81
Enterprise Value (EV) (M) 1,484.68
Shares Outstanding ((M)) 76.46
EPS ( Riyal) (TTM) (2.64)
Book Value (BV) ( Riyal) 6.11
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.05
Return on Average Assets (%) (TTM) (13.86 )
Return on Average Equity (%) (TTM) (46.41 )

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