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Kuwait Corporate Fact Sheet

Kuwait Corporate Fact Sheet

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Hayat Communication Co. <strong>Fact</strong> <strong>Sheet</strong><br />

Services Sector<br />

KAMCO Research<br />

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

June 22, 2008<br />

0.405<br />

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

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

Cash & Cash Equivalent 176 305 838 1,295 1,011<br />

Account Receivables & Other Debit Balances 1,162 2,096 3,655 5,002 8,419<br />

Inventories 230 218 559 1,726 1,858<br />

Investments 0 0 1,739 1,772 45<br />

Property & Equipment 19 71 445 617 754<br />

Other Assets 60 179 189 1,228 2,927<br />

Total Assets 1,647 2,869 7,424 11,639 15,014<br />

Due to Banks 208 255 463 31 163<br />

Accounts Payable & Other Credit Balances 555 757 1,096 2,828 5,631<br />

Loans 2 0 0 0 817<br />

Other Liabilities 49 75 125 201 307<br />

Total Liabilities 814 1,088 1,684 3,060 6,918<br />

Equity 832 1,781 5,740 8,579 8,096<br />

Sales 3,245 6,228 8,423 13,853 13,500<br />

Cost of Sales 2,360 4,630 5,270 9,855 10,861<br />

Gross Profit 886 1,598 3,152 3,998 2,640<br />

Operating Income 80 385 794 271 242<br />

Operating Expenses 270 563 826 1,482 2,172<br />

Operating Profit 695 1,420 3,121 2,786 710<br />

Other Income 0 0 0 0 0<br />

Other Expenses 0 0 66 37 25<br />

Net Profit<br />

Key Ratios<br />

695 1,420 3,055 2,749 685<br />

2003 2004 2005 2006 2007<br />

Return On Assets 42.2% 49.5% 41.1% 23.6% 4.6%<br />

Return On Equity 83.5% 79.7% 53.2% 32.0% 8.5%<br />

Gross Profit Margin 27.3% 25.7% 37.4% 28.9% 19.6%<br />

Operating Profit Margin 21.4% 22.8% 37.1% 20.1% 5.3%<br />

Net Profit Margin 21.4% 22.8% 36.3% 19.8% 5.1%<br />

Total Liabilities / Total Assets 49.4% 37.9% 22.7% 26.3% 46.1%<br />

Historical Share Data YTD<br />

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

Market Capitalization (KD thousand) N/A N/A N/A 24,900 24,300<br />

Closing Share Price (KD) N/A N/A N/A 0.415 0.405<br />

Highest Price For the Period (KD) N/A N/A N/A 0.495 0.425<br />

Lowest Price For the Period (KD) N/A N/A N/A 0.305 0.360<br />

Volume (Shares thousand) N/A N/A N/A 88,665 17,650<br />

Value (KD thousand) N/A N/A N/A 36,417 7,098<br />

No. of Trades N/A N/A N/A 3,052 758<br />

EPS (KD) 0.142 0.102 0.092 0.011 0.011<br />

Book Value Per Share (KD) 0.178 0.191 0.286 0.135 0.135<br />

Dividend Per Share (KD) 0.000 0.000 0.030 0.010 NA<br />

Price to Earnings Multiple (X) 2.85 3.98 4.42 35.46 35.46<br />

Price to Book Value Multiple (X) 2.27 2.12 1.42 3.00 3.00<br />

Dividend Yield (%) 0.00 0.00 7.41 2.47 2.47<br />

KD<br />

0.490<br />

0.470<br />

0.450<br />

0.430<br />

0.410<br />

0.390<br />

0.370<br />

0.350<br />

0.330<br />

0.310<br />

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

HAYATCOMM 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 />

*: The company was listed on the KSE on 7-May-07<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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