Maadaniyah swings to net loss in 9M 2017

01/11/2017 Argaam Exclusive

View other reports

Share Price

National Metal Manufacturing and Casting Co. (MAADANIYAH)

 

National Metal Manufacturing and Casting Co. (Maadaniyah) swung to net loss of SAR 9.4 million in the first nine months of 2017, versus net profit of SAR 24.2 million in the same period last year, attributed to lower sales, higher cost of raw materials, and an increase in selling and distribution expenses.



Financials (M)

Item 9m 2016 9m 2017 Change‬
Revenues 211.29 191.62 (9.3 %)
Gross Income 52.80 24.25 (54.1 %)
Operating Income 28.74 (1.18) (104.1 %)
Net Income 24.20 (9.40) (138.9 %)
Average Shares 29.95 29.95 -
EPS (Riyals) 0.81 (0.31) (138.9 %)

The company incurred a net loss of SAR 4.5 million in Q3 2017, versus net profit of SAR 1.52 million in the same period last year, due to higher cost of raw materials, and an increase in selling and distribution expenses.

 

Maadaniyah’s Q3 improved 29.5 percent compared to a loss of SAR 6.4 million in Q2 2017.



Current Quarter Comparison (M)

Compared With The
Item Q3 2016 Q3 2017 Change‬
Revenues 50.11 68.14 36.0 %
Gross Income 9.73 6.62 (31.9 %)
Operating Income 2.71 (0.12) (104.4 %)
Net Income 1.52 (4.49) (395.6 %)
Average Shares 29.95 29.95 -
EPS (Riyals) 0.05 (0.15) (395.6 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2008 112.58 58.9 % 25.65 122.3 % 17.28 193.2 % 0.58
Q2 2008 149.60 63.3 % 42.30 152.0 % 28.60 201.2 % 0.96
Q3 2008 158.31 55.9 % 43.17 134.6 % 21.30 103.0 % 0.71
Q4 2008 79.78 (20.9 %) (36.91) (306.7 %) (26.98) (419.5 %) (0.90)
Q1 2009 78.36 (30.4 %) 7.43 (71.1 %) 1.04 (94.0 %) 0.03
Q2 2009 84.53 (43.5 %) 8.75 (79.3 %) 2.18 (92.4 %) 0.07
Q3 2009 73.70 (53.4 %) 13.83 (68.0 %) 6.99 (67.2 %) 0.23
Q4 2009 82.59 3.5 % 13.82 137.4 % 5.33 119.7 % 0.18
Q1 2010 92.24 17.7 % 15.14 103.9 % 8.16 686.1 % 0.27
Q2 2010 92.80 9.8 % 17.71 102.3 % 10.17 367.5 % 0.34
Q3 2010 64.06 (13.1 %) 7.71 (44.2 %) 1.40 (80.0 %) 0.05
Q4 2010 68.73 (16.8 %) 3.43 (75.2 %) (3.01) (156.6 %) (0.10)
Q1 2011 89.62 (2.8 %) 8.42 (44.4 %) 1.21 (85.2 %) 0.04
Q2 2011 96.90 4.4 % 11.78 (33.5 %) 2.41 (76.3 %) 0.08
Q3 2011 82.88 29.4 % 8.12 5.2 % 1.16 (17.1 %) 0.04
Q4 2011 92.06 33.9 % 5.80 69.3 % (1.59) 47.2 % (0.05)
Q1 2012 95.35 6.4 % 9.66 14.7 % 2.85 135.2 % 0.10
Q2 2012 109.40 12.9 % 10.75 (8.7 %) 3.07 27.7 % 0.10
Q3 2012 107.83 30.1 % 9.68 19.3 % 1.84 58.7 % 0.06
Q4 2012 88.09 (4.3 %) 5.32 (8.4 %) (1.88) (18.4 %) (0.06)
Q1 2013 98.87 3.7 % 11.23 16.3 % 2.96 3.9 % 0.10
Q2 2013 102.54 (6.3 %) 12.22 13.7 % 4.23 37.6 % 0.14
Q3 2013 87.91 (18.5 %) 9.11 (5.9 %) 1.80 (2.3 %) 0.06
Q4 2013 91.78 4.2 % 11.33 113.0 % 1.72 191.2 % 0.06
Q1 2014 110.75 12.0 % 17.78 58.4 % 7.74 161.4 % 0.26
Q2 2014 109.63 6.9 % 17.56 43.7 % 8.82 108.6 % 0.29
Q3 2014 94.13 7.1 % 16.21 78.0 % 8.58 377.9 % 0.29
Q4 2014 98.65 7.5 % 12.12 7.0 % (4.39) (355.4 %) (0.15)
Q1 2015 114.77 3.6 % 21.35 20.1 % 12.47 61.3 % 0.42
Q2 2015 107.80 (1.7 %) 21.11 20.2 % 9.42 6.7 % 0.31
Q3 2015 95.00 0.9 % 17.28 6.6 % 8.93 4.1 % 0.30
Q4 2015 89.76 (9.0 %) 18.47 52.5 % (1.48) 66.2 % (0.05)
Q1 2016 79.11 (31.1 %) 21.47 0.6 % 11.67 (6.4 %) 0.39
Q2 2016 82.07 (23.9 %) 21.61 2.3 % 11.01 16.9 % 0.37
Q3 2016 50.11 (47.3 %) 9.73 (43.7 %) 1.52 (83.0 %) 0.05
Q4 2016 61.41 (31.6 %) 6.48 (64.9 %) (2.20) (48.1 %) (0.07)
Q1 2017 65.88 (16.7 %) 12.04 (44.0 %) 1.45 (87.6 %) 0.05
Q2 2017 57.60 (29.8 %) 5.60 (74.1 %) (6.37) (157.9 %) (0.21)
Q3 2017 68.14 36.0 % 6.62 (31.9 %) (4.49) (395.6 %) (0.15)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2008 19.35 % 17.42 % 12.38 %
Q2 2008 22.43 % 20.23 % 15.60 %
Q3 2008 24.74 % 22.45 % 15.80 %
Q4 2008 14.83 % 12.80 % 8.81 %
Q1 2009 12.01 % 10.15 % 5.78 %
Q2 2009 5.60 % 3.82 % (0.75 %)
Q3 2009 (2.18 %) (3.83 %) (5.40 %)
Q4 2009 13.73 % 11.66 % 4.93 %
Q1 2010 15.47 % 13.44 % 6.86 %
Q2 2010 17.72 % 15.51 % 9.04 %
Q3 2010 16.39 % 14.11 % 7.61 %
Q4 2010 13.84 % 11.82 % 5.26 %
Q1 2011 11.83 % 9.61 % 3.10 %
Q2 2011 9.81 % 7.40 % 0.63 %
Q3 2011 9.39 % 6.99 % 0.52 %
Q4 2011 9.44 % 6.85 % 0.88 %
Q1 2012 9.63 % 7.16 % 1.31 %
Q2 2012 9.04 % 6.80 % 1.45 %
Q3 2012 8.87 % 6.54 % 1.52 %
Q4 2012 8.84 % 6.42 % 1.47 %
Q1 2013 9.15 % 6.54 % 1.48 %
Q2 2013 9.68 % 7.06 % 1.80 %
Q3 2013 10.04 % 7.55 % 1.88 %
Q4 2013 11.52 % 8.59 % 2.81 %
Q1 2014 12.83 % 9.75 % 3.94 %
Q2 2014 13.94 % 10.61 % 5.02 %
Q3 2014 15.48 % 11.90 % 6.61 %
Q4 2014 15.41 % 12.48 % 7.29 %
Q1 2015 16.12 % 13.34 % 8.36 %
Q2 2015 17.04 % 14.26 % 8.54 %
Q3 2015 17.27 % 14.38 % 8.61 %
Q4 2015 19.20 % 15.79 % 10.08 %
Q1 2016 21.08 % 17.19 % 10.83 %
Q2 2016 22.79 % 18.48 % 12.10 %
Q3 2016 23.68 % 19.21 % 11.44 %
Q4 2016 21.74 % 17.56 % 8.07 %
Q1 2017 19.21 % 14.87 % 4.54 %
Q2 2017 14.40 % 9.23 % (2.38 %)
Q3 2017 12.14 % 7.56 % (4.59 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2008 29.95 1.07 1.68 11.15
Q2 2008 29.95 1.71 2.42 11.54
Q3 2008 29.95 2.07 2.75 12.25
Q4 2008 29.95 1.34 1.47 11.35
Q1 2009 29.95 0.80 0.90 11.39
Q2 2009 29.94 (0.08) (0.10) 11.10
Q3 2009 29.94 (0.56) (0.57) 11.33
Q4 2009 29.94 0.52 0.53 11.51
Q1 2010 29.94 0.76 0.76 11.78
Q2 2010 29.94 1.02 1.03 11.69
Q3 2010 29.94 0.84 0.84 11.74
Q4 2010 29.94 0.56 0.56 11.64
Q1 2011 29.94 0.33 0.33 11.68
Q2 2011 29.94 0.07 0.07 11.76
Q3 2011 29.94 0.06 0.06 11.80
Q4 2011 29.94 0.11 0.11 11.75
Q1 2012 29.95 0.16 0.16 11.84
Q2 2012 29.95 0.18 0.18 11.94
Q3 2012 29.95 0.21 0.21 12.00
Q4 2012 29.95 0.20 0.20 11.94
Q1 2013 29.95 0.20 0.20 12.04
Q2 2013 29.95 0.24 0.24 12.18
Q3 2013 29.95 0.24 0.24 12.24
Q4 2013 29.95 0.36 0.36 12.30
Q1 2014 29.95 0.52 0.52 12.56
Q2 2014 29.95 0.67 0.67 12.85
Q3 2014 29.95 0.90 0.90 13.14
Q4 2014 29.95 0.69 1.01 12.99
Q1 2015 29.95 0.85 1.16 13.41
Q2 2015 29.95 0.87 1.18 13.23
Q3 2015 29.95 0.88 1.20 13.53
Q4 2015 29.95 0.98 1.37 13.48
Q1 2016 29.95 0.95 1.34 13.80
Q2 2016 29.95 1.01 1.40 13.70
Q3 2016 29.95 0.76 1.15 13.84
Q4 2016 29.95 0.73 0.73 13.69
Q1 2017 29.95 0.39 0.39 13.74
Q2 2017 29.95 (0.19) (0.19) 13.06
Q3 2017 29.95 (0.39) (0.39) 12.91

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2008 31.87 20.30 3.06
Q2 2008 26.57 18.77 3.93
Q3 2008 21.47 16.15 3.63
Q4 2008 15.88 14.49 1.88
Q1 2009 25.56 22.72 1.80
Q2 2009 NEG NEG 2.47
Q3 2009 NEG NEG 2.37
Q4 2009 47.94 47.34 2.16
Q1 2010 31.06 30.79 1.99
Q2 2010 19.35 19.23 1.69
Q3 2010 24.21 24.02 1.73
Q4 2010 50.37 50.37 2.42
Q1 2011 81.08 81.08 2.26
Q2 2011 More than 100 More than 100 2.17
Q3 2011 More than 100 More than 100 2.01
Q4 2011 More than 100 More than 100 2.88
Q1 2012 More than 100 More than 100 3.34
Q2 2012 More than 100 More than 100 2.11
Q3 2012 More than 100 More than 100 2.44
Q4 2012 More than 100 More than 100 2.30
Q1 2013 More than 100 More than 100 3.05
Q2 2013 More than 100 More than 100 3.24
Q3 2013 More than 100 More than 100 2.67
Q4 2013 93.80 93.80 2.73
Q1 2014 68.83 68.83 2.83
Q2 2014 61.23 61.23 3.19
Q3 2014 68.89 68.89 4.70
Q4 2014 47.17 32.48 2.52
Q1 2015 40.85 29.86 2.59
Q2 2015 44.90 33.02 2.96
Q3 2015 32.07 23.67 2.09
Q4 2015 28.26 20.19 2.05
Q1 2016 26.57 18.83 1.83
Q2 2016 27.20 19.58 2.00
Q3 2016 25.32 16.70 1.39
Q4 2016 35.63 35.63 1.91
Q1 2017 63.99 63.99 1.83
Q2 2017 NEG NEG 1.74
Q3 2017 NEG NEG 1.87

Business Segments (Million)

Compared With The
Period Transformative Industries engineering industries sector & metal
Q1 2011 67.95 21.67
Q2 2011 70.27 26.63
Q3 2011 59.67 23.21
Q4 2011 70.37 21.69
Q1 2012 63.98 31.37
Q2 2012 78.07 31.33
Q3 2012 80.22 27.62
Q4 2012 62.45 25.63
Q1 2013 69.05 29.81
Q2 2013 72.51 30.03
Q3 2013 65.06 22.69
Q4 2013 66.25 25.55
Q1 2014 73.92 36.84
Q2 2014 71.32 38.31
Q3 2014 70.30 23.83
Q4 2014 69.65 29.00
Q1 2015 84.21 30.56
Q2 2015 81.85 25.95
Q3 2015 73.97 21.03
Q4 2015 65.87 23.89
Q1 2016 55.05 24.06
Q2 2016 64.63 17.44
Q3 2016 37.77 12.34
Q4 2016 49.66 12.14
Q1 2017 53.22 12.67
Q2 2017 48.04 9.56
Q3 2017 59.25 8.90

Current
Market Cap (M Riyal) 562.86
Enterprise Value (EV) (M) 537.60
Shares Outstanding ((M)) 35.40
EPS ( Riyal) (TTM) (0.96)
Book Value (BV) ( Riyal) 7.82
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.03
Return on Average Assets (%) (TTM) (7.96 )
Return on Average Equity (%) (TTM) (11.56 )

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.