Raydan’s net profit falls 36% in FY17 on lower sales
Raydan Cuisines and Restaurants Co. reported a net profit of SAR 27.16 million for fiscal year 2017, down 36 percent year-on-year (YoY), due to a 12.5 percent decline YoY in sales revenue, in addition to higher operating expenses.
Gross profit retreated nearly 24 percent YoY to SAR 55.75 million, while operating profit dropped 44.27 percent YoY to SAR 27.18 million in 2017.
Financials (M)
Item | 2016 | 2017 | Change |
---|---|---|---|
Revenues | 299.93 | 262.60 | (12.4 %) |
Gross Income | 73.27 | 55.75 | (23.9 %) |
Operating Income | 48.71 | 27.18 | (44.2 %) |
Net Income | 42.45 | 27.16 | (36.0 %) |
Average Shares | 13.92 | 13.92 | - |
EPS (Riyals) | 3.05 | 1.95 | (36.0 %) |
Current Quarter Comparison (M)
Item | Q4 2016 | Q4 2017 | Change |
---|---|---|---|
Revenues | 65.19 | 58.02 | (11.0 %) |
Gross Income | 10.44 | 11.57 | 10.8 % |
Operating Income | 8.31 | 3.20 | (61.5 %) |
Net Income | 5.86 | 4.13 | (29.4 %) |
Average Shares | 13.92 | 13.92 | - |
EPS (Riyals) | 0.42 | 0.30 | (29.4 %) |
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Current | |
Market Cap (M Riyal) | 374.38 |
Enterprise Value (EV) (M) | 376.94 |
Shares Outstanding ((M)) | 15.81 |
EPS ( Riyal) (TTM) | (1.45) |
Book Value (BV) ( Riyal) | 8.63 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | Neg |
P/E (TTM) | NEG |
Price/book | 2.74 |
Return on Average Assets (%) (TTM) | (8.40 ) |
Return on Average Equity (%) (TTM) | (14.46 ) |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2017 | 62.74 | (16.1 %) | 13.25 | (29.6 %) | 7.02 | (48.0 %) |
Q2 2017 | 69.47 | (7.0 %) | 13.43 | (35.3 %) | 6.42 | (43.4 %) |
Q3 2017 | 72.37 | (15.1 %) | 17.65 | (10.3 %) | 10.74 | (28.2 %) |
Q4 2017 | 58.02 | (11.0 %) | 11.57 | 10.8 % | 3.20 | (61.5 %) |
2017 | 262.60 | (12.4 %) | 55.75 | (23.9 %) | 27.18 | (44.2 %) |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2017 | 6.87 | (42.0 %) | 0.49 | (2.07) | 8.94 | 0.64 |
Q2 2017 | 6.56 | (38.0 %) | 0.47 | - | 6.56 | 0.47 |
Q3 2017 | 10.59 | (24.7 %) | 0.76 | - | 10.59 | 0.76 |
Q4 2017 | 4.13 | (29.4 %) | 0.30 | - | 4.13 | 0.30 |
2017 | 27.16 | (36.0 %) | 1.95 | (2.07) | 29.23 | 2.10 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2017 | 22.28 % | 20.06 % | 14.59 % |
Q2 2017 | 20.10 % | 18.42 % | 13.44 % |
Q3 2017 | 20.30 % | 18.23 % | 12.79 % |
Q4 2017 | 21.29 % | 16.87 % | 11.51 % |
2017 | 21.23 % | 16.80 % | 11.13 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2017 | 13.92 | 2.69 | 3.02 | 18.36 |
Q2 2017 | 13.92 | 2.40 | 2.73 | 18.48 |
Q3 2017 | 13.92 | 2.15 | 2.48 | 19.53 |
Q4 2017 | 13.92 | 2.02 | 2.17 | 19.60 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2017 | 21.24 | 18.90 | 3.11 |
Q2 2017 | 16.86 | 14.80 | 2.19 |
Q3 2017 | 15.97 | 13.83 | 1.76 |
Q4 2017 | 15.17 | 14.13 | 1.57 |
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