Kuwait Corporate Fact Sheet

Institute for Private Education Fact Sheet
Services Sector
Reuters Code: IPEK.KW Current Price (KD) : 0.340
Key Facts FY 02-03 FY 03-04 FY 04-05 FY 05-06 9M 06-07
KD '000 Jun-03 Jun-04 Jun-05 Jun-06 Mar-07
Cash & Cash Equivalents 170 72 842 494 1,465
Trade Receivable & Other Debit Balances 1,285 1,289 1,221 1,050 1,577
Inventories 74 67 68 94 126
Investments 0 0 946 1,681 343
Property & Equipment 3,460 3,932 4,687 6,657 6,893
Total Assets 4,989 5,359 7,764 9,976 10,402
Payables & Other Credit Balances 582 574 677 727 751
Loans & Bank Facilities 1,194 973 1,133 2,682 2,428
Other Liabilities 517 579 596 680 831
Total Liabilities 2,292 2,126 2,406 4,089 4,010
Equity 2,696 3,233 5,358 5,887 6,392
Tuition Fees 4,327 4,914 5,715 6,123 4,856
Operating Costs 3,731 3,903 4,149 4,373 3,453
Gross Profit 597 1,011 1,566 1,749 1,402
Other Operating Income 196 184 276 299 261
Operating Expenses 497 648 964 1,063 1,121
Operating Profit 296 547 877 984 542
Other Non-Operating Income 273 0 84 21 201
Other Non-Operating Expenses 3 11 36 39 25
Net Profit 567 536 925 925 718
Key Ratios
KAMCO Research
June 22, 2008
Jun-03 Jun-04 Jun-05 Jun-06 Mar-07
Return On Assets 11.4% 10.0% 11.9% 9.3% 8.4%
Return On Equity 21.0% 16.6% 17.3% 15.7% 13.6%
Gross Profit Margin 13.8% 20.6% 27.4% 28.6% 28.1%
Operating Profit Margin 6.8% 11.1% 15.4% 16.1% 10.7%
Net Profit Margin 13.1% 10.9% 16.2% 15.1% 13.7%
Total Liabilities / Total Assets 46.0% 39.7% 31.0% 41.0% 38.6%
Historical Share Data** YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) N/A 9,806 6,537 7,640 7,640
Closing Share Price (KD) N/A 0.480 0.320 0.340 0.340
Highest Price For the Period (KD) N/A 0.770 0.500 0.395 NA
Lowest Price For the Period (KD) N/A 0.400 0.300 0.315 NA
Volume (Shares thousand) N/A 14,785 7,440 8,170 NA
Value (KD thousand) N/A 8,590 2,858 2,902 NA
No. of Trades N/A 1,281 376 192 NA
EPS (KD) 0.033 0.051 0.046 0.033 0.033
Book Value Per Share (KD) 0.275 0.262 0.294 0.291 0.291
Dividend Per Share (KD) 0.000 0.010 0.010 NA NA
Price to Earnings Multiple (X) #
10.41 6.63 7.45 8.78 8.78
Price to Book Value Multiple (X) #
1.23 1.30 1.16 1.17 1.17
Dividend Yield (%) #
0.00 2.94 2.94 NA NA
KD
0.390
0.380
0.370
0.360
0.350
0.340
0.330
0.320
52-Week Price Chart Rel. to KAMCO TRW Index
IPE 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
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28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
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2.3.08
16.3.08
30.3.08
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27.4.08
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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
**: The Company was listed on May 3, 2005
#
: Historical P/E, P/B & Yield are based on
current price & historical FY earnings per share,
book value per share & dividend per share
except for P/E of 2007 & YTD which is based on TTM
earning per share for the period ending on 31 March 2007.
EPS & BVS are for 9M 2006-07
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com