Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
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Heavy Eng'g Industries & Shipbuilding Co. <strong>Fact</strong> <strong>Sheet</strong><br />
Industrial Sector<br />
Reuters Code: SHIP.KW Current Price (KD) : 0.590<br />
Key <strong>Fact</strong>s<br />
KD '000 2003 2004 2005 2006 2007<br />
Cash & Equivalents 578 846 1,688 1,669 2,284<br />
Accounts Receivable & Other Debit Balances 21,190 28,708 32,757 37,371 36,462<br />
Inventories 1,340 1,453 1,125 871 1,522<br />
Held For Trading Investments 3,069 3,187 5,421 6,098 9,013<br />
Available For Sale Investments 1,662 2,035 379 221 379<br />
Property, Plant & Equipment 13,267 16,232 15,130 13,322 15,189<br />
Total Assets 41,106 52,461 56,500 59,551 64,848<br />
A/P & Other Credit Balances 10,850 15,389 21,349 27,311 27,231<br />
Loans and Bans Facilities 6,129 10,515 6,384 14,043 13,832<br />
Other Liabilities 1,440 1,748 2,075 2,209 2,799<br />
Total Liabilities 18,420 27,651 29,808 43,564 43,862<br />
Equity 22,686 24,809 26,692 15,988 20,986<br />
Sales 31,694 45,099 55,588 63,775 57,830<br />
Cost of Sales 27,241 39,280 51,628 68,900 52,630<br />
Gross Profit 4,453 5,820 3,960 (5,124) 5,200<br />
Other Operating Income 4 3 17 63 241<br />
Operating Expenses 1,542 1,738 1,731 1,996 2,702<br />
Operating Profit 2,915 4,084 2,246 (7,057) 2,739<br />
Investment Income (loss) 954 202 476 714 2,882<br />
Other Non-operating Income 180 247 2,452 1,124 639<br />
Other Non-operating Expenses 104 318 162 2,050 1,417<br />
Net Profit 3,945 4,215 5,012 (7,270) 4,842<br />
Key Ratios<br />
KAMCO Research<br />
June 22, 2008<br />
2003 2004 2005 2006 2007<br />
Return On Assets 9.6% 8.0% 8.9% NM 7.5%<br />
Return On Equity 17.4% 17.0% 18.8% NM 23.1%<br />
Gross Profit Margin 14.1% 12.9% 7.1% NM 9.0%<br />
Operating Profit Margin 9.2% 9.1% 4.0% NM 4.7%<br />
Net Profit Margin 12.4% 9.3% 9.0% NM 8.4%<br />
Current Ratio (X) 1.48<br />
1.19<br />
1.19<br />
0.90<br />
0.98<br />
Total Liabilities / Total Assets 44.8% 52.7% 52.8% 73.2% 67.6%<br />
Historical Share Data YTD<br />
2004 2005 2006 2007 22-Jun-08<br />
Market Capitalization (KD thousand) 60,124 57,422 49,316 67,556 87,687<br />
Closing Share Price (KD) 0.445 0.425 0.365 0.500 0.590<br />
Highest Price for the Period (KD) 0.550 0.540 0.660 0.710 0.660<br />
Lowest Price for the Period (KD) 0.340 0.365 0.310 0.315 0.500<br />
Volume (Shares thousand) 502,205 413,470 425,960 231,975 51,220<br />
Value (KD thousand) 230,638 182,805 202,562 118,504 28,251<br />
No. of Trades 19,634 17,583 15,082 11,849 2,713<br />
EPS (KD) 0.031 0.037 -0.054 0.036 0.036<br />
Book Value Per Share (KD) 0.184 0.198 0.118 0.155 0.155<br />
Dividend Per Share (KD) 0.020 0.025 0.000 0.010 NA<br />
Price to Earnings Multiple (X) #<br />
18.91 15.91 -10.97 16.46 16.46<br />
Price to Book Value Multiple (X) #<br />
3.21 2.99 4.99 3.80 3.80<br />
Dividend Yield (%) #<br />
3.39 4.24 0.00 1.69 1.69<br />
KD<br />
0.715<br />
0.685<br />
0.655<br />
0.625<br />
0.595<br />
0.565<br />
0.535<br />
0.505<br />
0.475<br />
52-Week Price Chart Rel. to KAMCO TRW Index<br />
SHIP KAMCO TRW Index<br />
24.6.07<br />
8.7.07<br />
22.7.07<br />
5.8.07<br />
19.8.07<br />
2.9.07<br />
16.9.07<br />
30.9.07<br />
14.10.07<br />
28.10.07<br />
11.11.07<br />
25.11.07<br />
9.12.07<br />
23.12.07<br />
6.1.08<br />
20.1.08<br />
3.2.08<br />
17.2.08<br />
2.3.08<br />
16.3.08<br />
30.3.08<br />
13.4.08<br />
27.4.08<br />
11.5.08<br />
25.5.08<br />
8.6.08<br />
22.6.08<br />
Index<br />
4,800<br />
4,700<br />
4,600<br />
4,500<br />
4,400<br />
4,300<br />
4,200<br />
4,100<br />
4,000<br />
NA: Not Applicable, NM: Not Meaningful<br />
YTD: Beginning of year to date<br />
#<br />
:Historical P/E, P/B & Yield are based on<br />
current price & historical earning per share,<br />
book value per share & dividend per share<br />
Investment Research Department<br />
KIPCO Asset Management Co.K.S.C.C<br />
KAMCO<br />
P.O.Box: 28873 Safat 13149 <strong>Kuwait</strong><br />
Email : kamco_research@kamconline.com
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