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Kuwait Corporate Fact Sheet

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Automated Systems Co. <strong>Fact</strong> <strong>Sheet</strong><br />

Services Sector<br />

Reuters Code: ASCK.KW Current Price (KD) : 0.510<br />

Key <strong>Fact</strong>s<br />

KD '000 2003 2004 2005 2006 2007<br />

Cash & Equivalents 277 1,246 4,253 4,765 2,956<br />

Trade & Other Receivables 2,446 1,314 1,406 1,268 1,245<br />

Investments 3,041 2,954 2,799 4,424 8,067<br />

Property & Equipment 1,221 1,580 1,735 1,313 1,149<br />

Intangible Assets 1,050 371 240 208 233<br />

Total Assets 8,035 7,465 10,433 11,978 13,650<br />

Trade & Other Payables 1,394 1,377 820 906 1,406<br />

Other Liabilities 533 1,196 1,296 1,324 908<br />

Total Liabilities 1,927 2,574 2,116 2,230 2,314<br />

Equity 6,108 4,892 8,317 9,748 11,336<br />

Revenues 5,777 6,392 7,053 6,373 5,761<br />

Cost of Revenues 3,465 3,621 3,436 3,589 3,109<br />

Gross Profit 2,312 2,771 3,618 2,783 2,652<br />

Other Operating Income 21 30 119 62 180<br />

Operaing Expenses 802 779 994 674 865<br />

Operating Profit 1,531 2,022 2,742 2,172 1,966<br />

Other Income (Loss) 253 (3,237)<br />

1,299 294 1,158<br />

Other Expenses 85 0 154 111 136<br />

Net Profit (Loss) 1,699 (1,216) 3,887 2,355 2,989<br />

Key Ratios<br />

KAMCO Research<br />

June 22, 2008<br />

2003 2004 2005 2006 2007<br />

Return On Assets 21.2% NM 37.3% 19.7% 21.9%<br />

Return On Equity 27.8% NM 46.7% 24.2% 26.4%<br />

Gross Profit Margin 40.0% 43.3% 51.3% 43.7% 46.0%<br />

Operating Profit Margin 26.4% 31.5% 38.2% 33.7% 33.1%<br />

Net Profit Margin 29.3% NM 54.2% 36.6% 50.3%<br />

Total Liabilities / Total Assets 24.0% 34.5% 20.3% 18.6% 17.0%<br />

Investments / Total Assets 37.9% 39.6% 26.8% 36.9% 59.1%<br />

Historical Share Data YTD<br />

2004 2005 2006 2007 22-Jun-08<br />

Market Capitalization (KD thousand) 42,504 32,648 19,620 21,221 20,420<br />

Closing Share Price (KD) 1.380 1.060 0.490 0.530 0.510<br />

Highest Price For the Period (KD) 2.280 1.280 1.060 0.860 0.780<br />

Lowest Price For the Period (KD) 1.180 0.780 0.480 0.385 0.510<br />

Volume (Shares thousand) 13,418 2,805 1,200 12,375 6,760<br />

Value (KD thousand) 25,275 2,973 908 8,346 4,146<br />

No. of Trades 2,157 654 197 1,194 861<br />

EPS (KD) (0.039) 0.097 0.059 0.075 0.075<br />

Book Value Per Share (KD) 0.159 0.270 0.243 0.283 0.283<br />

Dividend Per Share (KD) 0.015 0.030 0.035 0.045 NA<br />

Price to Earnings Multiple (X) NM 5.25 8.67 6.83 6.83<br />

Price to Book Value Multiple (X) 3.21 1.89 2.09 1.80 1.80<br />

Dividend Yield (%) 2.94 5.88 6.86 8.82 8.82<br />

KD<br />

0.875<br />

0.835<br />

0.795<br />

0.755<br />

0.715<br />

0.675<br />

0.635<br />

0.595<br />

0.555<br />

0.515<br />

0.475<br />

0.435<br />

52-Week Price Chart Rel. to KAMCO TRW Index<br />

ASC 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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