Kuwait Corporate Fact Sheet

National Industries Co. for Building Materials Fact Sheet
Industrial Sector
June 22, 2008
Reuters Code: NIBM.KW Current Price (KD) : 0.520
Key Facts
KAMCO Research
KD '000 2003 2004 2005 2006 2007
Cash & Equivalents 644 3,606 1,031 1,334 1,341
Accounts Receivable & Debit Balances 8,862 5,388 5,031 3,994 10,290
Inventories 8,425 7,827 8,599 9,193 9,109
Short Term Murabaha Investments 0 0 0 21,308 3,883
Investment Held for Trading 3,064 4,366 6,096 5,934 12,824
Available for Sale Investments 4,768 9,344 30,093 67,341 72,736
Investment in Assoc. Co. & Unconsolidated Sub. 3,710 1,240 5,684 7,843 8,920
Properties, Plant & Equipment 7,236 8,419 8,739 8,958 14,012
Total Assets 36,710 40,190 65,272 125,904 133,114
Bonds (Musharaka) 0 0 0 28,479 27,038
Accounts Payable & Other Credit Balances 3,835 4,056 16,471 5,430 6,901
Other Liabilities 3,388 3,541 3,738 3,877 4,037
Total Liabilities 7,223 7,597 20,209 37,786 37,975
Shareholders' Equity 29,487 32,593 45,063 88,119 95,139
Sales 23,590 26,489 31,062 30,138 33,345
Cost of Sales 16,003 17,650 19,965 20,175 22,704
Gross Profit 7,587 8,839 11,098 9,963 10,641
Other Operating Income 187 206 287 773 343
Operating Expenses 1,679 1,866 2,191 2,487 2,565
Operating Profit (Loss) 6,095 7,179 9,194 8,249 8,420
Finance Charges 0 0 270 800 1,843
Investment Income 322 1,389 4,024 3,037 4,876
Other Expenses 434 588 683 640 (1,124)
Net Profit 5,983 7,980 12,266 9,846 12,577
Key Ratios
2003 2004 2005 2006 2007
Return On Assets 16.3% 19.9% 18.8% 7.8% 9.4%
Return On Equity 20.3% 24.5% 27.2% 11.2% 13.2%
Gross Profit Margin 32.2% 33.4% 35.7% 33.1% 31.9%
Operating Profit Margin 25.8% 27.1% 29.6% 27.4% 25.2%
Net Profit Margin 25.4% 30.1% 39.5% 32.7% 37.7%
Current Ratio (X) 5.47
5.22
1.26
7.69
5.43
Quick Ratio (X) 3.28
3.29
0.74
6.00
4.11
Equity / Total Assets 80.3% 81.1% 69.0% 70.0% 71.5%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 106,484 152,346 152,833 152,833 179,655
Closing Share Price (KD) 0.530 0.720 0.465 0.465 0.520
Highest Price for the Period (KD) 0.590 0.850 0.760 0.530 0.620
Lowest Price for the Period (KD) 0.390 0.490 0.405 0.400 0.460
Volume (Shares thousand) 42,220 19,160 29,520 69,185 18,150
Value (KD thousand) 20,925 11,587 14,936 31,605 9,979
No. of Trades 1,379 1,173 1,749 3,293 740
EPS (KD) 0.038 0.055 0.033 0.033 0.033
Book Value Per Share (KD) 0.162 0.213 0.270 0.270 0.270
Dividend Per Share (KD) 0.027 0.030 0.030 0.030 NA
Price to Earnings Multiple (X) #
13.77 9.42 15.96 15.96 15.96
Price to Book Value Multiple (X) #
3.21 2.44 1.93 1.93 1.93
Dividend Yield (%) #
5.19 5.77 5.77 5.77 5.77
KD
0.665
0.625
0.585
0.545
0.505
0.465
0.425
0.385
52-Week Price Chart Rel. to KAMCO TRW Index
NICBM 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