Leejam Sports turns to SAR 58.7 mln loss in 2020

Leejam Sports (Fitness Time) turned to a net loss after Zakat and tax of SAR 58.7 million in 2020, compared to a net profit of SAR 205.9 million in 2019.

The company attributed the loss to a significant decrease in revenue by SAR 285.3 million due to the suspension of sports activity in Saudi Arabia to overcome the pandemic outbreak from March 15, 2020 till June 20, 2020, and the subsequent precautionary measures.

Revenues also decreased on the back of lower subscriptions and income from memberships, personal training and rental income.

Cost of revenue decreased by SAR 53.9 million due to lower salaries and related benefits. Advertising and marketing expenses declined by SAR 2.8 million. Leejam also recorded to an impairment loss on property and equipment of SAR 6.6 million.

Financials (M)

Item	2019	2020	Change‬
Revenues	944.93	662.60	(29.9 %)
Gross Income	360.19	139.89	(61.2 %)
Operating Income	266.71	44.16	(83.4 %)
Net Income	205.92	(58.72)	(128.5 %)
Average Shares	52.38	52.38	-
EPS (Riyals)	3.93	(1.12)	(128.5 %)

In Q4 2020, the company turned to a net loss after Zakat and tax of SAR 511,000 compared to a net profit of SAR 67.9 million in the same period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	270.21	229.09	(15.2 %)
Gross Income	118.56	81.84	(31.0 %)
Operating Income	90.64	55.53	(38.7 %)
Net Income	67.92	(0.51)	(100.8 %)
Average Shares	52.38	52.38	-
EPS (Riyals)	1.30	(0.01)	(100.8 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	211.48	229.09	8.3 %
Gross Income	68.71	81.84	19.1 %
Operating Income	45.56	55.53	21.9 %
Net Income	26.57	(0.51)	(101.9 %)
Average Shares	52.38	52.38	-
EPS (Riyals)	0.51	(0.01)	(101.9 %)

View other reports

Share Price

Leejam Sports Co. (Leejam Sports)

	Current
Market Cap (M Riyal)	9,848.00
Enterprise Value (EV) (M)	9,825.93
Shares Outstanding ((M))	52.38
EPS ( Riyal) (TTM)	9.23
Book Value (BV) ( Riyal)	23.98
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	26.17
P/E (TTM)	20.37
Price/book	7.84
Return on Average Assets (%) (TTM)	14.1
Return on Average Equity (%) (TTM)	42.6

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	450.30	-	202.68	-	142.79	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	594.84	32.1 %	262.24	29.4 %	192.79	35.0 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	700.89	17.8 %	305.32	16.4 %	221.01	14.6 %
Q1 2017	177.31	-	70.89	-	47.03	-
Q2 2017	176.30	-	66.21	-	43.58	-
Q3 2017	184.83	-	70.63	-	47.01	-
Q4 2017	194.44	-	70.67	-	49.07	-
2017	732.88	4.6 %	278.40	(8.8 %)	186.68	(15.5 %)
Q1 2018	177.53	0.1 %	58.24	(17.8 %)	34.58	(26.5 %)
Q2 2018	186.99	6.1 %	67.20	1.5 %	43.24	(0.8 %)
Q3 2018	210.29	13.8 %	85.78	21.5 %	58.87	25.2 %
Q4 2018	225.14	15.8 %	94.11	33.2 %	55.53	13.2 %
2018	799.95	9.2 %	305.33	9.7 %	192.21	3.0 %
Q1 2019	217.32	22.4 %	75.09	28.9 %	51.18	48.0 %
Q2 2019	219.03	17.1 %	81.52	21.3 %	62.90	45.5 %
Q3 2019	238.37	13.4 %	85.03	(0.9 %)	62.00	5.3 %
Q4 2019	270.21	20.0 %	118.56	26.0 %	90.64	63.2 %
2019	944.93	18.1 %	360.19	18.0 %	266.71	38.8 %
Q1 2020	197.67	(9.0 %)	52.00	(30.8 %)	20.89	(59.2 %)
Q2 2020	24.36	(88.9 %)	(62.66)	(176.9 %)	(77.81)	(223.7 %)
Q3 2020	211.48	(11.3 %)	68.71	(19.2 %)	45.56	(26.5 %)
Q4 2020	229.09	(15.2 %)	81.84	(31.0 %)	55.53	(38.7 %)
2020	662.60	(29.9 %)	139.89	(61.2 %)	44.16	(83.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	450.30	-	202.68	-	142.79	-
2015	594.84	32.1 %	262.24	29.4 %	192.79	35.0 %
2016	700.89	17.8 %	305.32	16.4 %	221.01	14.6 %
2017	732.88	4.6 %	278.40	(8.8 %)	186.68	(15.5 %)
2018	799.95	9.2 %	305.33	9.7 %	192.21	3.0 %
2019	944.93	18.1 %	360.19	18.0 %	266.71	38.8 %
2020	662.60	(29.9 %)	139.89	(61.2 %)	44.16	(83.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	137.76	-	2.63	-	137.76	2.63
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	180.98	31.4 %	3.46	-	180.98	3.46
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	203.13	12.2 %	3.88	-	203.13	3.88
Q1 2017	42.06	-	0.80	-	42.06	0.80
Q2 2017	40.47	-	0.77	-	40.47	0.77
Q3 2017	43.18	-	0.82	-	43.18	0.82
Q4 2017	48.49	-	0.93	-	48.49	0.93
2017	174.20	(14.2 %)	3.33	-	174.20	3.33
Q1 2018	32.71	(22.2 %)	0.62	-	32.71	0.62
Q2 2018	39.76	(1.8 %)	0.76	-	39.76	0.76
Q3 2018	53.76	24.5 %	1.03	-	53.76	1.03
Q4 2018	53.86	11.1 %	1.03	-	53.86	1.03
2018	180.09	3.4 %	3.44	-	180.09	3.44
Q1 2019	39.60	21.1 %	0.76	-	39.60	0.76
Q2 2019	49.59	24.7 %	0.95	-	49.59	0.95
Q3 2019	48.81	(9.2 %)	0.93	(0.11)	48.92	0.93
Q4 2019	67.92	26.1 %	1.30	(9.07)	76.99	1.47
2019	205.92	14.3 %	3.93	(9.18)	215.10	4.11
Q1 2020	6.25	(84.2 %)	0.12	-	6.25	0.12
Q2 2020	(91.02)	(283.5 %)	(1.74)	(0.47)	(90.55)	(1.73)
Q3 2020	26.57	(45.6 %)	0.51	-	26.57	0.51
Q4 2020	(0.51)	(100.8 %)	(0.01)	(43.11)	42.60	0.81
2020	(58.72)	(128.5 %)	(1.12)	(43.58)	(15.14)	(0.29)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	-	-	-	-	-	-
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	137.76	-	2.63	-	137.76	2.63
2015	180.98	31.4 %	3.46	-	180.98	3.46
2016	203.13	12.2 %	3.88	-	203.13	3.88
2017	174.20	(14.2 %)	3.33	-	174.20	3.33
2018	180.09	3.4 %	3.44	-	180.09	3.44
2019	205.92	14.3 %	3.93	(9.18)	215.10	4.11
2020	(58.72)	(128.5 %)	(1.12)	(43.58)	(15.14)	(0.29)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	45.01 %	43.93 %	30.59 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	44.09 %	43.79 %	30.43 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	43.56 %	42.91 %	28.98 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	37.99 %	32.31 %	23.77 %
2017	37.99 %	38.45 %	23.77 %
Q1 2018	36.25 %	34.21 %	22.49 %
Q2 2018	35.86 %	37.31 %	22.07 %
Q3 2018	36.65 %	37.99 %	22.71 %
Q4 2018	38.17 %	37.73 %	22.51 %
2018	38.17 %	37.73 %	22.51 %
Q1 2019	38.37 %	40.22 %	22.27 %
Q2 2019	38.60 %	43.42 %	22.58 %
Q3 2019	37.31 %	45.58 %	21.33 %
Q4 2019	38.12 %	49.41 %	22.76 %
2019	38.12 %	49.41 %	22.76 %
Q1 2020	36.43 %	47.64 %	19.64 %
Q2 2020	26.41 %	41.65 %	5.70 %
Q3 2020	25.10 %	40.24 %	2.74 %
Q4 2020	21.11 %	37.72 %	(2.28 %)
2020	21.11 %	37.72 %	(2.29 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	45.01 %	43.93 %	30.59 %
2015	44.09 %	43.79 %	30.43 %
2016	43.56 %	42.91 %	28.98 %
2017	37.99 %	38.45 %	23.77 %
2018	38.17 %	37.73 %	22.51 %
2019	38.12 %	49.41 %	22.76 %
2020	21.11 %	37.72 %	(2.29 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	39.98 %	-	23.72 %
Q2 2017	37.56 %	-	22.96 %
Q3 2017	38.21 %	38.67 %	23.36 %
Q4 2017	36.35 %	38.44 %	24.94 %
Q1 2018	32.81 %	34.37 %	18.43 %
Q2 2018	35.94 %	37.60 %	21.26 %
Q3 2018	40.79 %	40.98 %	25.57 %
Q4 2018	41.80 %	37.44 %	23.92 %
Q1 2019	34.56 %	44.60 %	18.22 %
Q2 2019	37.22 %	50.71 %	22.64 %
Q3 2019	35.67 %	49.44 %	20.52 %
Q4 2019	43.88 %	52.21 %	28.49 %
Q1 2020	26.31 %	35.82 %	3.16 %
Q2 2020	(257.26 %)	(104.36 %)	(371.76 %)
Q3 2020	32.49 %	45.74 %	12.56 %
Q4 2020	35.73 %	47.07 %	18.59 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2011	-	-	-	-
Q2 2011	-	-	-	-
Q3 2011	-	-	-	-
Q4 2011	-	-	-	-
Q1 2012	-	-	-	-
Q2 2012	-	-	-	-
Q3 2012	-	-	-	-
Q4 2012	-	-	-	-
Q1 2013	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	52.38	-	-	-
Q2 2017	52.38	-	-	-
Q3 2017	52.38	-	-	-
Q4 2017	52.38	3.33	3.33	12.01
Q1 2018	52.38	3.15	3.15	12.14
Q2 2018	52.38	3.13	3.13	12.56
Q3 2018	52.38	3.34	3.34	13.58
Q4 2018	52.38	3.44	3.44	13.62
Q1 2019	52.38	3.57	3.57	12.03
Q2 2019	52.38	3.76	3.76	12.56
Q3 2019	52.38	3.66	3.66	12.98
Q4 2019	52.38	3.93	4.11	13.78
Q1 2020	52.38	3.29	3.47	13.89
Q2 2020	52.38	0.61	0.79	12.14
Q3 2020	52.38	0.19	0.37	12.64
Q4 2020	52.38	(1.12)	(0.29)	12.69

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	52.38	2.63	2.63	8.51
2015	52.38	3.46	3.46	8.46
2016	52.38	3.88	3.88	10.00
2017	52.38	3.33	3.33	12.01
2018	52.38	3.44	3.44	13.62
2019	52.38	3.93	4.11	13.78
2020	52.38	(1.12)	(0.29)	12.69

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	16.04	16.04	3.94
Q4 2018	17.10	17.10	4.32
Q1 2019	19.33	19.33	5.74
Q2 2019	19.96	19.96	5.97
Q3 2019	22.28	22.27	6.29
Q4 2019	20.63	19.75	5.89
Q1 2020	15.85	15.04	3.76
Q2 2020	95.89	73.65	4.82
Q3 2020	More than 100	More than 100	5.65
Q4 2020	NEG	NEG	6.09

Period	P/E	Adjusted P/E	Price/book
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	17.10	17.10	4.32
2019	20.63	19.75	5.89
2020	NEG	NEG	6.09

Business Segments (Million)

Compared With The

Period	Male fitness center	Female fitness center
Q3 2017	181.04	3.79
Q1 2018	159.48	18.04
Q2 2018	163.58	23.41
Q3 2018	174.66	35.63
Q4 2018	178.16	46.98
Q1 2019	166.43	50.89
Q2 2019	169.38	49.65
Q3 2019	182.93	55.44
Q4 2019	199.51	70.70
Q1 2020	145.52	52.15
Q2 2020	17.13	7.23
Q3 2020	159.40	52.08
Q4 2020	178.30	54.37

Period	Male fitness center	Female fitness center
2018	675.89	124.06
2019	718.24	226.69
2020	496.77	165.83

Analysts Estimates (Million)

Item	Q4 2020 (e)	Q4 2020 (a)	Change‬
Average	39.00	(0.51)	(101.3 %)

Estimates vs Actual (Million)

Item	Q4 2020 (e)	Q4 2020 (a)	Change
SNB Capital	42.00	(0.51)	(101.2) %
Al Rajhi Capital	36.00	(0.51)	(101.4) %

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Leejam Sports turns to SAR 58.7 mln loss in 2020

Financials (M)

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Leejam Sports Co. (Leejam Sports)

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Leejam Sports turns to SAR 58.7 mln loss in 2020

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Leejam Sports Co. (Leejam Sports)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2020

Revenue by Business Segment (Latest) 2020 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

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