Kuwait Corporate Fact Sheet

Al-Kout Industrial Projects Co. Fact Sheet
Industrial Sector
June 22, 2008
Reuters Code: ALKK.KW
Key Facts
Current Price (KD) : 0.520
KD '000 2003 2004 2005 2006 2007
Cash & Equivalents 603 149 1,352 2,183 2,523
Accounts Receivable & Due from Clients 2,826 4,166 3,576 3,260 3,801
Inventories 1,676 2,412 2,695 2,421 2,035
Held For Trading Investments 1,988 2,062 1,886 1,656 2,506
Investment in Assoc. Co. & Unconsolidated Sub. 0 240 144 0 0
Fixed Assets & Projects Under Progress 11,069 11,239 10,540 10,840 10,617
Other Assets 0 261 261 261 0
Total Assets 18,161 20,529 20,455 20,621 21,482
Accounts Payable & Other Credit Balances 1,070 1,696 1,633 1,309 1,416
Loans and Bank Facilities 5,800 5,595 3,900 3,650 2,300
Other Liabilities 130 192 322 367 401
Total Liabilities 7,000 7,484 5,855 5,326 4,118
Shareholders' Equity 11,161 13,045 14,600 15,295 17,364
Sales 7,234 8,935 10,048 9,426 10,733
Cost of Sales 3,713 3,976 4,866 4,691 5,053
Gross Profit 3,521 4,960 5,182 4,735 5,679
Operating Expenses 1,386 2,009 2,053 1,858 1,602
Operating Profit 2,136 2,951 3,129 2,877 4,078
Finance Charges 371 211 191 193 235
Investment Income 119 334 775 (259) 222
Other Non-operating Income/loss 88 245 4 133 161
Other Non-operating Expenses 193 235 403 263 477
Net Profit 1,779 3,085 3,315 2,295 3,749
Key Ratios
KAMCO Research
2003 2004 2005 2006 2007
Return On Assets 9.8% 15.0% 16.2% 11.1% 17.5%
Return On Equity 15.9% 23.6% 22.7% 15.0% 21.6%
Gross Profit Margin 48.7% 55.5% 51.6% 50.2% 52.9%
Operating Profit Margin 29.5% 33.0% 31.1% 30.5% 38.0%
Net Profit Margin 24.6% 34.5% 33.0% 24.3% 34.9%
Current Ratio (X) 3.27
2.59
3.30
3.58
4.79
Quick Ratio (X) 2.50
1.88
2.36
2.67
3.90
Debt / Equity 52.0% 42.9% 26.7% 23.9% 13.2%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 52,000 70,400 73,920 44,100 42,777
Closing Share Price (KD) 0.650 0.880 0.880 0.500 0.520
Highest Price for the Period (KD) 0.650 0.890 NA 0.660 0.550
Lowest Price for the Period (KD) 0.405 0.485 NA 0.500 0.500
Volume (Shares thousand) 265 20,805 0 565 145
Value (KD thousand) 134 11,489 0 303 78
No. of Trades 26 62 0 32 5
EPS (KD) 0.039 0.039 0.027 0.044 0.044
Book Value Per Share (KD) 0.163 0.183 0.182 0.197 0.197
Dividend Per Share (KD) 0.022 0.020 0.020 0.035 NA
Price to Earnings Multiple (X) #
12.58 12.29 17.75 10.98 10.98
Price to Book Value Multiple (X) #
2.97 2.66 2.66 2.46 2.46
Dividend Yield (%) #
4.54 4.12 4.12 7.22 7.22
KD
0.560
0.550
0.540
0.530
0.520
0.510
0.500
0.490
52-Week Price Chart Rel. to KAMCO TRW Index
ALKOUT KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
NA: Not Applicable, NM: Not Meaningful
N/A: Not Available. YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com