Fakhuz’s fundamental analysis / Profitability crisis is coming? – Tejarat News

According to Tejarat News, Khuzestan Steel Company, whose shares are traded under the symbol Fakhuz on the Tehran Stock Exchange, faced a noticeable decrease in the sales rates of its products in the middle of 1401, like other steel manufacturers. But gradually, as the final months of 1401 approached, the sales rate of some Fakhuz products such as Bloom, Billet and Gundle increased to some extent.

It should be noted that other Khuzestan steel products, including sponge iron and slabs, are still sold at a lower rate than last year.

Let’s get to know Fakhuz more

Khuzestan Steel Company has taken the first place in the supply of semi-finished steel products, which includes slabs, blooms and billets. Also, this company is considered to be the second largest producer of raw steel in the country, and therefore it is considered one of the important production and economic elements of the country.

The company’s shares were offered for the first time in the Tehran Stock Exchange in mid-August 2006 at a price of 335 Tomans.

The capital of the company at the time of initial offering was 219 billion tomans, which has reached 19 thousand billion tomans after 6 stages of capital increase.

It should be mentioned that the last increase of the company’s capital was in September 1401, by which the company’s capital reached the current capital from 12 thousand billion tomans with an increase of 58% from reserves.

Paynegand Economic Development Group Company is considered the largest major shareholder of this company by owning more than 46% of Fakhuz’s shares.

Atiyeh Saba Investment Company and Saman Majed have acquired 3.01% and 1.34% of Khuzestan Steel shares, respectively.

It should be noted that about 34% of the company’s shares are held by small or so-called floating shareholders.

What did Fakhuz do in 9 months of this year?

Examining the 9-month financial statements of Khuzestan Steel Company shows that the company showed a very bad performance during this period, and the alarm was sounded that if the company is not able to improve its profit making process in any way in the future, it will be loss making in the coming years. arrives.

Because with the increase in the dollar rate and existing inflation, the company’s costs are increasing day by day, and on the other hand, the mandatory pricing and preventing the increase in the sales rate has suppressed the increase in Fakhouz’s income.

This report shows that the operating profit of Khuzestan Steel in the 9 months of 2011 compared to the same period last year has dropped by about 67% and has reached 3,745 billion tomans from 11,285 billion tomans.

This reduction in the operating income of the company happened while the income from the sale of Fakhuz products increased in this period. But as mentioned earlier, the increase of more than 50% in the cost of goods sold in 9 months of 1401 compared to the same period of the previous year hindered the company’s profitability and prevented the increase of the company’s operating profit.

The net profit of the company also decreased by more than 63% in this period and registered the figure of 3,898 billion tomans in this financial statement.

Read more reports on the stock news page.