Announcement • May 05
Atlas Honda Limited, Annual General Meeting, Jun 29, 2026 Atlas Honda Limited, Annual General Meeting, Jun 29, 2026. Location: at the avari hotel, mall road, lahore Pakistan Declared Dividend • May 02
Dividend of PK₨56.00 announced Shareholders will receive a dividend of PK₨56.00. Ex-date: 15th June 2026 Payment date: 20th July 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Atlas Honda Limited to Report Fiscal Year 2026 Results on Apr 30, 2026 Atlas Honda Limited announced that they will report fiscal year 2026 results on Apr 30, 2026 Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: PK₨45.42 (vs PK₨32.48 in 3Q 2025) Third quarter 2026 results: EPS: PK₨45.42 (up from PK₨32.48 in 3Q 2025). Revenue: PK₨73.2b (up 36% from 3Q 2025). Net income: PK₨5.64b (up 40% from 3Q 2025). Profit margin: 7.7% (up from 7.5% in 3Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
Atlas Honda Limited to Report Q3, 2026 Results on Jan 29, 2026 Atlas Honda Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨1,791, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Auto industry in Asia. Total returns to shareholders of 768% over the past three years. Declared Dividend • Nov 01
First half dividend of PK₨46.00 announced Shareholders will receive a dividend of PK₨46.00. Ex-date: 11th November 2025 Payment date: 4th December 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: PK₨38.77 (vs PK₨25.33 in 2Q 2025) Second quarter 2026 results: EPS: PK₨38.77 (up from PK₨25.33 in 2Q 2025). Revenue: PK₨63.1b (up 39% from 2Q 2025). Net income: PK₨4.81b (up 53% from 2Q 2025). Profit margin: 7.6% (up from 6.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 27
First quarter 2026 earnings released: EPS: PK₨38.74 (vs PK₨28.02 in 1Q 2025) First quarter 2026 results: EPS: PK₨38.74 (up from PK₨28.02 in 1Q 2025). Revenue: PK₨62.3b (up 31% from 1Q 2025). Net income: PK₨4.81b (up 38% from 1Q 2025). Profit margin: 7.7% (up from 7.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 50% per year. Reported Earnings • Jun 06
Full year 2025 earnings released: EPS: PK₨123 (vs PK₨78.24 in FY 2024) Full year 2025 results: EPS: PK₨123 (up from PK₨78.24 in FY 2024). Revenue: PK₨203.9b (up 28% from FY 2024). Net income: PK₨15.3b (up 57% from FY 2024). Profit margin: 7.5% (up from 6.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year. Upcoming Dividend • May 30
Upcoming dividend of PK₨42.00 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 7.5%. Lower than top quartile of Pakistani dividend payers (9.4%). Higher than average of industry peers (2.6%). Declared Dividend • May 02
Dividend of PK₨42.00 announced Shareholders will receive a dividend of PK₨42.00. Ex-date: 6th June 2025 Payment date: 2nd July 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 01
Atlas Honda Limited, Annual General Meeting, Jun 24, 2025 Atlas Honda Limited, Annual General Meeting, Jun 24, 2025. Location: at the avari hotel, mall road, lahore Pakistan Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨1,083, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 14x in the Auto industry in Pakistan. Total returns to shareholders of 255% over the past three years. Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: PK₨32.48 (vs PK₨20.32 in 3Q 2024) Third quarter 2025 results: EPS: PK₨32.48 (up from PK₨20.32 in 3Q 2024). Revenue: PK₨53.9b (up 31% from 3Q 2024). Net income: PK₨4.03b (up 60% from 3Q 2024). Profit margin: 7.5% (up from 6.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨814, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 15x in the Auto industry in Pakistan. Total returns to shareholders of 149% over the past three years. Reported Earnings • Aug 05
Third quarter 2024 earnings released: EPS: PK₨20.32 (vs PK₨11.35 in 3Q 2023) Third quarter 2024 results: EPS: PK₨20.32 (up from PK₨11.35 in 3Q 2023). Revenue: PK₨41.2b (up 17% from 3Q 2023). Net income: PK₨2.52b (up 79% from 3Q 2023). Profit margin: 6.1% (up from 4.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Announcement • Jul 24
Atlas Honda Limited to Report Q1, 2025 Results on Jul 30, 2024 Atlas Honda Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨579, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Auto industry in Pakistan. Total returns to shareholders of 57% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of PK₨30.00 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨480, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 38x in the Auto industry in Pakistan. Total returns to shareholders of 32% over the past three years. Declared Dividend • May 02
Dividend of PK₨30.00 announced Shareholders will receive a dividend of PK₨30.00. Ex-date: 12th June 2024 Payment date: 22nd July 2024 Dividend yield will be 10%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to PK₨380. The fair value is estimated to be PK₨305, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: PK₨20.32 (vs PK₨11.35 in 3Q 2023) Third quarter 2024 results: EPS: PK₨20.32 (up from PK₨11.35 in 3Q 2023). Revenue: PK₨41.2b (up 17% from 3Q 2023). Net income: PK₨2.52b (up 79% from 3Q 2023). Profit margin: 6.1% (up from 4.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨401, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 19x in the Auto industry in Asia. Total returns to shareholders of 2.4% over the past three years. Upcoming Dividend • Oct 26
Upcoming dividend of PK₨17.00 per share at 8.1% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (2.3%). New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: PK₨12.91 (vs PK₨12.11 in 1Q 2023) First quarter 2024 results: EPS: PK₨12.91 (up from PK₨12.11 in 1Q 2023). Revenue: PK₨35.6b (down 5.5% from 1Q 2023). Net income: PK₨1.60b (up 6.6% from 1Q 2023). Profit margin: 4.5% (up from 4.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jun 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Mashmooma Majeed was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Oct 31
Upcoming dividend of PK₨11.00 per share Eligible shareholders must have bought the stock before 07 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (2.5%). Announcement • Jun 03
Atlas Honda Limited Announces Board Changes Atlas Honda Limited announced that Mr. Susumu Morisawa has ceased to be the Director of the company with effect from June 01, 2022 and Mr. Masanori has been appointed as Director. Upcoming Dividend • Jun 01
Upcoming dividend of PK₨15.00 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 19 July 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (2.4%). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Mashmooma Majeed was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 09
Atlas Honda Limited Announces Change of Director Atlas Honda Limited announced that Mr. Kazushi Yamanaka has been appointed as Director of the company in place of Mr. Hirofumi Yada. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: PK₨11.80 (up from PK₨10.38 in 3Q 2021). Revenue: PK₨36.3b (up 27% from 3Q 2021). Net income: PK₨1.46b (up 14% from 3Q 2021). Profit margin: 4.0% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.1%, compared to a 16% growth forecast for the industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 01
Upcoming dividend of PK₨12.00 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 01 December 2021. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS PK₨9.30 (vs PK₨8.08 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: PK₨29.1b (up 19% from 2Q 2021). Net income: PK₨1.15b (up 15% from 2Q 2021). Profit margin: 4.0% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS PK₨10.75 (vs PK₨0.95 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨30.7b (up 236% from 1Q 2021). Net income: PK₨1.33b (up PK₨1.45b from 1Q 2021). Profit margin: 4.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 01
Upcoming dividend of PK₨13.50 per share Eligible shareholders must have bought the stock before 08 June 2021. Payment date: 15 July 2021. Trailing yield: 3.8%. Lower than top quartile of Pakistani dividend payers (8.5%). Higher than average of industry peers (2.3%). Reported Earnings • May 03
Full year 2021 earnings released: EPS PK₨28.97 (vs PK₨24.81 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨93.2b (up 9.9% from FY 2020). Net income: PK₨3.59b (up 17% from FY 2020). Profit margin: 3.9% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 20
Non-Executive Director has left the company On the 9th of April, Ryo Takahashi's tenure as Non-Executive Director ended after 1.1 years in the role. We don't have any record of a personal shareholding under Ryo's name. Ryo is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 11
New 90-day low: PK₨474 The company is down 4.0% from its price of PK₨495 on 13 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 3.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS PK₨10.38 (vs PK₨6.69 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨28.5b (up 25% from 3Q 2020). Net income: PK₨1.29b (up 55% from 3Q 2020). Profit margin: 4.5% (up from 3.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 02
Second quarter 2021 earnings released: EPS PK₨8.08 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨24.4b (up 32% from 2Q 2020). Net income: PK₨1.00b (up 76% from 2Q 2020). Profit margin: 4.1% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 18% share price gain to PK₨502, the stock is trading at a trailing P/E ratio of 29.4x, up from the previous P/E ratio of 24.9x. This compares to an average P/E of 22x in the Auto industry in Asia. Total returns to shareholders over the past three years are 37%. Is New 90 Day High Low • Oct 21
New 90-day high: PK₨502 The company is up 31% from its price of PK₨383 on 23 July 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 3.0% over the same period.