Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
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Salhia Real Estate Co.<br />
Real Estate Sector<br />
Reuters Code: SREK.KW Current Price (KD) : 0.520<br />
Key <strong>Fact</strong>s<br />
KAMCO Research<br />
<strong>Fact</strong> <strong>Sheet</strong><br />
June 22, 2008<br />
KD '000 2003 2004 2005 2006 2007<br />
Cash & Equivalent 3,624 4,259 2,540 2,458 4,460<br />
A/R & Other Debit Balances 4,883 6,711 7,108 8,370 43,027<br />
Fixed Deposit 0 0 0 20,000 5,886<br />
Investment in Subsidiaries, & Joint Ventures 13,960 17,188 15,447 18,575 14,408<br />
Investment Portfolios 20,860 23,066 28,099 36,819 102,673<br />
Investment Properties 148,524 167,936 163,440 155,768 153,893<br />
Other Assets 131 409 430 462 351<br />
Total Assets 191,982 219,570 217,063 242,453 324,696<br />
Loans & Due to Banks 101,020 108,572 103,388 86,801 143,012<br />
A/P & Accruals 11,948 9,269 10,770 11,560 19,849<br />
Total Liabilities 112,968 117,841 114,158 98,360 162,861<br />
Deferred Gain 0 0 0 9,057 9,505<br />
Minority interest 247 935 940 926 1,208<br />
Equity 78,766 100,794 101,965 134,110 151,122<br />
Rental Income 25,841 34,165 33,778 36,503 40,803<br />
Rental Cost 10,539 13,822 13,667 16,180 17,225<br />
Gross Profit 15,302 20,343 20,110 20,324 23,578<br />
Operating Expenses 7,523 11,753 12,542 11,510 13,566<br />
Operating Profit 7,779 8,590 7,568 8,813 10,012<br />
Other Income 7,028 8,015 18,334 52,056 36,522<br />
Other Expenses 5,261 6,416 8,358 11,838 15,557<br />
Net Profit<br />
Key Ratios<br />
9,545 10,189 17,543 49,031 30,977<br />
2003 2004 2005 2006 2007<br />
Return On Assets 5.0% 4.6% 8.1% 20.2% 9.5%<br />
Return On Equity 12.1% 10.1% 17.2% 36.6% 20.5%<br />
Gross Profit Margin 59.2% 59.5% 59.5% 55.7% 57.8%<br />
Operating Profit Margin 30.1% 25.1% 22.4% 24.1% 24.5%<br />
Investment Properties / Total Assets 77.4% 76.5% 75.3% 64.2% 47.4%<br />
Rental Income / Investment Properties 17.4% 20.3% 20.7% 23.4% 26.5%<br />
Total Debt / Equity 128.3% 107.7% 101.4% 64.7% 94.6%<br />
Historical Share Data YTD<br />
2004 2005 2006 2007 22-Jun-08<br />
Market Capitalization (KD thousand) 163,760 245,641 179,507 199,189 216,573<br />
Closing Share Price (KD) 0.520 0.780 0.570 0.550 0.520<br />
Highest Price for the Period (KD) 0.680 0.820 0.880 0.660 0.700<br />
Lowest Price for the Period (KD) 0.450 0.450 0.500 0.470 0.480<br />
Volume (Shares thousand) 26,100 39,935 13,405 106,820 70,935<br />
Value (KD thousand) 13,290 25,820 8,773 60,728 42,043<br />
No. of Trades 979 1,196 984 4,973 3,140<br />
EPS (KD) 0.034 0.058 0.142 0.089 0.089<br />
Book Value Per Share (KD) 0.326 0.339 0.447 0.433 0.433<br />
Dividend Per Share (KD) 0.025 0.050 0.050 0.050 NA<br />
Price to Earnings Multiple (X) #<br />
15.13 8.99 3.66 5.84 5.84<br />
Price to Book Value Multiple (X) #<br />
1.60 1.53 1.16 1.20 1.20<br />
Dividend Yield (%) #<br />
4.81 9.62 9.62 9.62 9.62<br />
KD<br />
0.695<br />
0.670<br />
0.645<br />
0.620<br />
0.595<br />
0.570<br />
0.545<br />
0.520<br />
0.495<br />
0.470<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 />
52-Week Price Chart Rel. to KAMCO TRW Index<br />
16.9.07<br />
30.9.07<br />
14.10.07<br />
28.10.07<br />
SRE KAMCO TRW Index<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 />
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 />
22.6.08 Index<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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