Saudi Public Transport
| Name | Saudi Public Transport | |
| Sector | Transportation - Local and inter urban passenger transport | |
| Trading | Tadawul | |
| RIC Code | 4040.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Saudi Arabian Public Transport Company (Saptco) was established in 1979 to develop a national coach and bus system. It is 70 per cent owned by private investors and 30 per cent by government agencies.Saptco now serves all nine of the kingdom's main cities plus more than 300 towns and villages.
Saptco also operates international bus services to neighboring countries. It operates a total of 2,300 buses and has transported more than 1,000 million people since it was created. In 1997, the last year for which full figures are available, the company transported a total of 24.
81 million passengers within the kingdom, a 9 per cent rise on 22.8 million passengers in 1996. The number of journeys along inter-city routes in 1997 grew by 4 per cent to 4.27 million. Saptco operates special services to handle pilgrims completing the Hajj and Umra pilgrimages.
It also offers charter and contract services. To support its fleet, Saptco has established a central refurbishment workshop in Riyadh. This can complete full renovations of buses and coaches. The company has a 50 per cent stake in the Saudi-Bahraini Transport Company which services passengers traveling between the kingdom and Bahrain.
Activities were expanded in 1998 with the launch of a new service to neighboring Yemen, which became operational in July of that year. Future plans include setting up a central station in Riyadh.Saptco posted a 5 per cent increase in net profits to SR 89.
8 million ($23.9 million) in 1997 from SR 84.1 million ($22.4 million) in 1996. The balance sheet contracted by 8 per cent to SR 1,765.9 million ($470.9 million) from SR 1,924.8 million ($513.3 million).
In 1998, sales revenues were hit by the general decline in the Saudi economy. Sales fell by 8 per cent to SR 550.1 million ($147 million).
Saptco also operates international bus services to neighboring countries. It operates a total of 2,300 buses and has transported more than 1,000 million people since it was created. In 1997, the last year for which full figures are available, the company transported a total of 24.
81 million passengers within the kingdom, a 9 per cent rise on 22.8 million passengers in 1996. The number of journeys along inter-city routes in 1997 grew by 4 per cent to 4.27 million. Saptco operates special services to handle pilgrims completing the Hajj and Umra pilgrimages.
It also offers charter and contract services. To support its fleet, Saptco has established a central refurbishment workshop in Riyadh. This can complete full renovations of buses and coaches. The company has a 50 per cent stake in the Saudi-Bahraini Transport Company which services passengers traveling between the kingdom and Bahrain.
Activities were expanded in 1998 with the launch of a new service to neighboring Yemen, which became operational in July of that year. Future plans include setting up a central station in Riyadh.Saptco posted a 5 per cent increase in net profits to SR 89.
8 million ($23.9 million) in 1997 from SR 84.1 million ($22.4 million) in 1996. The balance sheet contracted by 8 per cent to SR 1,765.9 million ($470.9 million) from SR 1,924.8 million ($513.3 million).
In 1998, sales revenues were hit by the general decline in the Saudi economy. Sales fell by 8 per cent to SR 550.1 million ($147 million).
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | 30% |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 21.5 | 3424.18 |
| YTD % |  11.774% |  0% |
| Weekly % | 0.001% | 5.55% |
| Year High | SAR 25.24 | 9083.39 |
| Year Low | SAR 16.24 | 3296.01 |
| 52 Week High | SAR 87.95 | 4532.55 |
| 52 Week Low | SAR 19.99 | 2983.01 |
| BETA | 1.1547 | |
| Outstanding Shares | 100,000,000 | |
| Market Cap | SAR 2,150,000,000 | |
| Market Cap in $ | USD $573,333,333 | |
| % of Saudi_Arabia Market | 0.18% | |
| % of Sector | 21.75% | |
| Rank by Cap | 48 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 1,373,238 | 1,563,107 | 1,601,340 |
| Shareholder's Equity | 1,042,688 | 1,116,047 | 1,112,424 |
| NIAT | 60,430 | 53,623 | 65,210 |
| Dividends | 50,000 | 50,000 | 50,000 |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | -12.15% | -2.39% | -4.44% |
| Earning Growth | 12.69% | -17.77% | 65.47% |
| ROaA | 4.12% | 3.39% | 3.98% |
| ROaE | 5.60% | 4.81% | 5.90% |
| No. Of Shares | 20,000,000 | 20,000,000 | 20,000,000 |
| EPS | 3.02 | 2.68 | 3.26 |
| EPS Growth | 12.69% | -17.77% | 65.47% |
| Payout Ratio | 82.74 | 93.244 | 76.675 |
Valuation Ratios
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