Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
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Palms Agro Production Co. <strong>Fact</strong> <strong>Sheet</strong><br />
Services Sector<br />
June 22, 2008<br />
Reuters Code: PAPK.KW Current Price (KD) : 0.154<br />
Key <strong>Fact</strong>s<br />
KD '000 2003 2004 2005 2006 2007<br />
Cash & Cash Equivalent 410 170 459 678 7,014<br />
Accounts Receivable & Other Debit Balances 2,147 3,105 3,067 3,405 2,865<br />
Inventories 743 674 777 749 922<br />
Held For Trading Investments 690 526 565 545 1,188<br />
Other Equity Investments 37 122 121 97 369<br />
Property, Plant & Equipment 723 866 1,091 1,069 932<br />
Total Assets 4,751 5,462 6,079 6,543 13,290<br />
Accounts Payable & Other Credit Balances 579 1,009 1,189 1,033 709<br />
Loans 0 16 0 0 0<br />
Other Liabilities 208 237 280 528 398<br />
Total Liabilities 787 1,263 1,468 1,561 1,107<br />
Equity 3,964 4,199 4,611 4,982 12,183<br />
Operating Revenues 2,711 3,959 4,067 5,424 5,504<br />
Cost of Revenues 2,026 3,245 3,126 4,049 3,840<br />
Gross Profit 685 714 941 1,375 1,663<br />
Operating Expenses 561 584 840 957 1,049<br />
Operating Profit (Loss) 124 130 101 418 614<br />
Investment Income 85 121 153 (20) 504<br />
Other Non-operating Income 8 12 403 145 31<br />
Other Non-operating Expenses 21 29 245 172 47<br />
Net Profit 195 235 412 371 1,102<br />
Key Ratios<br />
KAMCO Research<br />
2003 2004 2005 2006 2007<br />
Return On Assets 4.1% 4.3% 6.8% 5.7% 8.3%<br />
Return On Equity 4.9% 5.6% 8.9% 7.4% 9.0%<br />
Gross Profit Margin 25.3% 18.0% 23.1% 25.4% 30.2%<br />
Operating Profit Margin 4.6% 3.3% 2.5% 7.7% 11.2%<br />
Net Profit Margin 7.2% 5.9% 10.1% 6.8% 20.0%<br />
Equity / Total Assets 83.4% 76.9% 75.8% 76.1% 91.7%<br />
Historical Share Data * YTD<br />
2004 2005 2006 2007 22-Jun-08<br />
Market Capitalization (KD thousand) N/A N/A 7,062 29,789 15,769<br />
Closing Share Price (KD) N/A N/A 0.220 0.320 0.154<br />
Highest Price For the Period (KD) N/A N/A 0.300 0.465 0.222<br />
Lowest Price For the Period (KD) N/A N/A 0.190 0.220 0.152<br />
Volume (Shares thousand) N/A N/A 10,690 3,700 44,980<br />
Value (KD thousand) N/A N/A 2,801 1,243 8,566<br />
No. of Trades N/A N/A 543 253 1,244<br />
EPS (KD) 0.008 0.013 0.012 0.034 0.034<br />
Book Value Per Share (KD) 0.141 0.154 0.156 0.131 0.131<br />
Dividend Per Share (KD) 0.000 0.000 0.000 0.000 NA<br />
Price to Earnings Multiple (X) 19.54 11.95 13.26 4.49 4.49<br />
Price to Book Value Multiple (X) 1.10 1.00 0.99 1.17 1.17<br />
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00<br />
KD<br />
0.390<br />
0.355<br />
0.320<br />
0.285<br />
0.250<br />
0.215<br />
0.180<br />
0.145<br />
0.110<br />
52-Week Price Chart Rel. to KAMCO TRW Index<br />
PAPCO 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 />
N/A: Not Available. 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 />
*: The Company was listed on 10-April-06<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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