Kuwait Corporate Fact Sheet

National Petroleum Services Co. Fact Sheet
Services Sector
Reuters Code: NAPS.KW Current Price (KD) : 0.355
Key Facts
KD '000 2003 2004 2005 2006 2007
Cash & Cash Equivalents 512 1,047 448 2,139 2,256
Accounts Receivable & Other Debit Balances 925 1,088 1,122 1,225 2,239
Inventories 567 688 868 1,716 1,646
Investments Held for Trading 203 256 842 890 1,206
Property, Plant & Equipment 1,814 1,770 2,950 5,957 7,578
Prepayment and other receivables 1,168 1,566
Total Assets 4,021 4,849 6,229 13,095 16,492
Accounts Payable & Other Credit Balances 376 314 668 521 780
Total Loans 0 0 710 3,000 2,375
Other Liabilities 101 132 194 251 2,961
Total Liabilities 477 447 1,572 3,771 6,116
Equity 3,544 4,403 4,657 9,324 10,376
Sales & Service Revenues 2,947 3,617 4,004 4,987 6,648
Cost of Sales & Service Revenues 1,105 1,270 1,512 3,380 4,337
Gross Profit 1,842 2,346 2,492 1,607 2,311
Operaing Expenses 1,244 1,450 1,922 915 1,065
Operating Profit 599 897 570 692 1,246
Other Income 29 57 231 164 470
Other Expenses 22 50 64 138 169
Net Profit 605 903 737 718 1,547
Key Ratios
KAMCO Research
June 22, 2008
2003 2004 2005 2006 2007
Return On Assets 15.1% 18.6% 11.8% 5.5% 9.4%
Return On Equity 17.1% 20.5% 15.8% 7.7% 14.9%
Gross Profit Margin 62.5% 64.9% 62.2% 32.2% 34.8%
Operating Profit Margin 20.3% 24.8% 14.2% 13.9% 18.7%
Net Profit Margin 20.5% 25.0% 18.4% 14.4% 23.3%
Debt / Equity 0.0% 0.0% 15.3% 32.2% 22.9%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 23,700 17,460 20,902 18,028 19,478
Closing Share Price (KD) 0.790 0.485 0.400 0.345 0.355
Highest Price For the Period (KD) 0.860 0.810 0.500 0.405 0.370
Lowest Price For the Period (KD) 0.475 0.465 0.295 0.275 0.290
Volume (Shares thousand) 184,340 19,740 12,250 8,810 4,070
Value (KD thousand) 130,257 12,228 5,230 3,061 1,382
No. of Trades 10,999 1,289 545 588 236
EPS (KD) 0.025 0.016 0.014 0.031 0.031
Book Value Per Share (KD) 0.147 0.132 0.184 0.205 0.205
Dividend Per Share (KD) 0.005 0.010 0.010 0.015 NA
Price to Earnings Multiple (X)# 14.05 22.19 25.28 11.62 11.62
Price to Book Value Multiple (X) # 2.42 2.70 1.93 1.73 1.73
Dividend Yield (%) # 1.41 2.82 2.82 4.23 4.23
KD
0.405
0.390
0.375
0.360
0.345
0.330
0.315
0.300
0.285
52 Week Price Chart Rel. to KAMCO TRW Index
NAPESCO 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