View ValuationLasco Distributors 将来の成長Future 基準チェック /06現在、 Lasco Distributorsの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Consumer Retailing 収益成長10.7%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 31Full year 2026 earnings released: EPS: JA$0.30 (vs JA$0.38 in FY 2025)Full year 2026 results: EPS: JA$0.30 (down from JA$0.38 in FY 2025). Revenue: JA$31.7b (up 4.7% from FY 2025). Net income: JA$1.06b (down 21% from FY 2025). Profit margin: 3.4% (down from 4.4% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Seymour Panton was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Aug 29LASCO Distributors Limited Announces Resignation of Jacinth Hall-Tracey from the Board of Director, Effective July 30, 2025The Board of Directors of LASCO Distributors Limited advised that a letter of resignation was received from Mrs. Jacinth Hall-Tracey advising of her resignation from the Board of Directors of the company, effective July 30, 2025.お知らせ • Jun 20LASCO Distributors Limited Announces Interim Dividend, Payable on July 24, 2025The Board of Directors of LASCO Distributors Limited at its meeting held on June 17, 2025, resolved that an interim dividend of 12 cents per share will be paid to shareholders on record at the close of business on July 1, 2025.- The date for payment is July 24, 2025.Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JA$0.10 (vs JA$0.096 in 2Q 2024)Second quarter 2025 results: EPS: JA$0.10 (up from JA$0.096 in 2Q 2024). Revenue: JA$7.64b (up 5.7% from 2Q 2024). Net income: JA$359.3m (up 4.1% from 2Q 2024). Profit margin: 4.7% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 13% per year.New Risk • Aug 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JA$14.6b (US$92.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (JA$14.6b market cap, or US$92.8m).Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JA$0.10 (vs JA$0.13 in 1Q 2024)First quarter 2025 results: EPS: JA$0.10 (down from JA$0.13 in 1Q 2024). Revenue: JA$7.33b (flat on 1Q 2024). Net income: JA$358.9m (down 20% from 1Q 2024). Profit margin: 4.9% (down from 6.1% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 27Dividend of JA$0.11 announcedShareholders will receive a dividend of JA$0.11. Ex-date: 1st July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (191% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 04Full year 2024 earnings released: EPS: JA$0.41 (vs JA$0.39 in FY 2023)Full year 2024 results: EPS: JA$0.41 (up from JA$0.39 in FY 2023). Revenue: JA$29.2b (up 9.9% from FY 2023). Net income: JA$1.45b (up 6.9% from FY 2023). Profit margin: 5.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 13Third quarter 2024 earnings released: EPS: JA$0.11 (vs JA$0.09 in 3Q 2023)Third quarter 2024 results: EPS: JA$0.11 (up from JA$0.09 in 3Q 2023). Revenue: JA$7.31b (up 7.9% from 3Q 2023). Net income: JA$404.4m (up 18% from 3Q 2023). Profit margin: 5.5% (up from 5.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Feb 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JA$3.90. The fair value is estimated to be JA$5.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%.お知らせ • Dec 09Lasco Distributors Limited Appoints Seymour Radcliffe Panton as Independent Non-Executive Director to the Board of DirectorsLasco Distributors Limited announced that the Honourable Justice Seymour Radcliffe Panton, OJ, CD was appointed as an Independent Non-Executive Director to the Board of Directors of the company on December 7, 2023.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JA$3.51, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 14x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 20% over the past three years.Reported Earnings • Nov 11Second quarter 2024 earnings released: EPS: JA$0.10 (vs JA$0.07 in 2Q 2023)Second quarter 2024 results: EPS: JA$0.10 (up from JA$0.07 in 2Q 2023). Revenue: JA$7.23b (up 9.5% from 2Q 2023). Net income: JA$345.2m (up 32% from 2Q 2023). Profit margin: 4.8% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JA$4.94, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 66% over the past three years.New Risk • Aug 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 32x cash flows per share). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (JA$14.5b market cap, or US$94.5m).Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JA$0.13 (vs JA$0.09 in 1Q 2023)First quarter 2024 results: EPS: JA$0.13 (up from JA$0.09 in 1Q 2023). Revenue: JA$7.31b (up 17% from 1Q 2023). Net income: JA$447.6m (up 38% from 1Q 2023). Profit margin: 6.1% (up from 5.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JA$4.07, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 43% over the past three years.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JA$3.09, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 13% over the past three years.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JA$2.72, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 15x in the Consumer Retailing industry in Jamaica. Total loss to shareholders of 9.9% over the past three years.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JA$2.17, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Consumer Retailing industry in Jamaica. Total loss to shareholders of 23% over the past three years.Reported Earnings • Feb 13Third quarter 2023 earnings released: EPS: JA$0.09 (vs JA$0.08 in 3Q 2022)Third quarter 2023 results: EPS: JA$0.09 (up from JA$0.08 in 3Q 2022). Revenue: JA$6.78b (up 17% from 3Q 2022). Net income: JA$343.0m (up 20% from 3Q 2022). Profit margin: 5.1% (up from 4.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 2 independent directors (7 non-independent directors). Lead Independent Director Colin Maxwell was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Kenneth Sylvester was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to JA$3.69, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 24x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 1.7% over the past three years.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JA$3.25, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 14x in the Consumer Retailing industry in South America. Total loss to shareholders of 10% over the past three years.Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JA$0.08 (vs JA$0.07 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JA$5.76b (up 22% from 1Q 2021). Net income: JA$292.1m (up 13% from 1Q 2021). Profit margin: 5.1% (down from 5.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.Board Change • Jul 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Kenneth Sylvester was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jun 30Upcoming dividend of JA$0.065 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 26 July 2021. Trailing yield: 1.6%. Lower than top quartile of Jamaican dividend payers (3.0%). Lower than average of industry peers (2.1%).Reported Earnings • May 31Full year 2021 earnings released: EPS JA$0.26 (vs JA$0.21 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JA$20.3b (up 4.1% from FY 2020). Net income: JA$909.5m (up 25% from FY 2020). Profit margin: 4.5% (up from 3.7% 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 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 13New 90-day high: JA$3.50The company is up 16% from its price of JA$3.01 on 12 November 2020. The Jamaican market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 33% over the same period.Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JA$0.07 (vs JA$0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JA$5.17b (up 5.6% from 3Q 2020). Net income: JA$243.2m (up 42% from 3Q 2020). Profit margin: 4.7% (up from 3.5% 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 8% per year whereas the company’s share price has fallen by 12% per year.Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JA$0.07The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JA$5.36b (up 5.7% from 2Q 2020). Net income: JA$230.0m (up 3.8% from 2Q 2020). Profit margin: 4.3% (down from 4.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Nov 04New 90-day low: JA$2.99The company is down 9.0% from its price of JA$3.27 on 05 August 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 1.0% over the same period.お知らせ • Sep 24Lasco Distributors Limited Appoints Mr. James E. D. Rawle as Deputy Executive ChairmanLasco Distributors Limited advised that Mr. James E. D. Rawle was appointed LASD’s Deputy Executive Chairman on September 1, 2020. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Lasco Distributors は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測JMSE:LASD - アナリストの将来予測と過去の財務データ ( )JMD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202631,6741,0631,1671,652N/A12/31/202531,3141,149144272N/A9/30/202530,6911,200465626N/A6/30/202530,1981,284306436N/A3/31/202530,2561,33991598N/A12/31/202430,0271,2976131,453N/A9/30/202429,6081,372-466234N/A6/30/202429,1971,358-722-18N/A3/31/202429,1861,447184402N/A12/31/202328,7771,6211,6531,884N/A9/30/202328,2441,5591,0461,341N/A6/30/202327,6181,47611298N/A3/31/202326,5591,3547651,012N/A12/31/202225,6131,171-436-286N/A9/30/202224,6241,114-155-89N/A6/30/202223,8371,049623681N/A3/31/202223,3371,016311367N/A12/31/202122,423953449543N/A9/30/202121,798911885987N/A6/30/202121,3399441,0551,143N/A3/31/202120,2869091,0491,158N/A12/31/202020,4259001,3671,474N/A9/30/202020,1528281,5941,727N/A6/30/202019,8628202,2072,374N/A3/31/202019,4967269381,171N/A12/31/201919,100534N/A1,231N/A9/30/201918,753520N/A828N/A6/30/201918,189528N/A548N/A3/31/201918,131598N/A299N/A12/31/201817,3591,090N/A835N/A9/30/201816,6991,059N/A800N/A6/30/201816,4151,041N/A517N/A3/31/201816,2691,004N/A957N/A12/31/201715,988727N/A506N/A9/30/201716,014637N/A680N/A6/30/201716,039631N/A706N/A3/31/201715,803610N/A196N/A12/31/201615,705542N/A443N/A9/30/201615,745718N/A553N/A6/30/201615,138760N/A1,433N/A3/31/201614,549717N/A1,204N/A12/31/201514,052744N/A903N/A9/30/201512,996723N/A437N/A6/30/201512,070588N/A-346N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: LASDの予測収益成長が 貯蓄率 ( 8.9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: LASDの収益がJM市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: LASDの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: LASDの収益がJM市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: LASDの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: LASDの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-retailing 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/04 21:15終値2026/06/03 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Lasco Distributors Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 31Full year 2026 earnings released: EPS: JA$0.30 (vs JA$0.38 in FY 2025)Full year 2026 results: EPS: JA$0.30 (down from JA$0.38 in FY 2025). Revenue: JA$31.7b (up 4.7% from FY 2025). Net income: JA$1.06b (down 21% from FY 2025). Profit margin: 3.4% (down from 4.4% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Seymour Panton was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Aug 29LASCO Distributors Limited Announces Resignation of Jacinth Hall-Tracey from the Board of Director, Effective July 30, 2025The Board of Directors of LASCO Distributors Limited advised that a letter of resignation was received from Mrs. Jacinth Hall-Tracey advising of her resignation from the Board of Directors of the company, effective July 30, 2025.
お知らせ • Jun 20LASCO Distributors Limited Announces Interim Dividend, Payable on July 24, 2025The Board of Directors of LASCO Distributors Limited at its meeting held on June 17, 2025, resolved that an interim dividend of 12 cents per share will be paid to shareholders on record at the close of business on July 1, 2025.- The date for payment is July 24, 2025.
Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JA$0.10 (vs JA$0.096 in 2Q 2024)Second quarter 2025 results: EPS: JA$0.10 (up from JA$0.096 in 2Q 2024). Revenue: JA$7.64b (up 5.7% from 2Q 2024). Net income: JA$359.3m (up 4.1% from 2Q 2024). Profit margin: 4.7% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 13% per year.
New Risk • Aug 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JA$14.6b (US$92.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (JA$14.6b market cap, or US$92.8m).
Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JA$0.10 (vs JA$0.13 in 1Q 2024)First quarter 2025 results: EPS: JA$0.10 (down from JA$0.13 in 1Q 2024). Revenue: JA$7.33b (flat on 1Q 2024). Net income: JA$358.9m (down 20% from 1Q 2024). Profit margin: 4.9% (down from 6.1% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 27Dividend of JA$0.11 announcedShareholders will receive a dividend of JA$0.11. Ex-date: 1st July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (191% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 04Full year 2024 earnings released: EPS: JA$0.41 (vs JA$0.39 in FY 2023)Full year 2024 results: EPS: JA$0.41 (up from JA$0.39 in FY 2023). Revenue: JA$29.2b (up 9.9% from FY 2023). Net income: JA$1.45b (up 6.9% from FY 2023). Profit margin: 5.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 13Third quarter 2024 earnings released: EPS: JA$0.11 (vs JA$0.09 in 3Q 2023)Third quarter 2024 results: EPS: JA$0.11 (up from JA$0.09 in 3Q 2023). Revenue: JA$7.31b (up 7.9% from 3Q 2023). Net income: JA$404.4m (up 18% from 3Q 2023). Profit margin: 5.5% (up from 5.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Feb 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JA$3.90. The fair value is estimated to be JA$5.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%.
お知らせ • Dec 09Lasco Distributors Limited Appoints Seymour Radcliffe Panton as Independent Non-Executive Director to the Board of DirectorsLasco Distributors Limited announced that the Honourable Justice Seymour Radcliffe Panton, OJ, CD was appointed as an Independent Non-Executive Director to the Board of Directors of the company on December 7, 2023.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JA$3.51, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 14x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 20% over the past three years.
Reported Earnings • Nov 11Second quarter 2024 earnings released: EPS: JA$0.10 (vs JA$0.07 in 2Q 2023)Second quarter 2024 results: EPS: JA$0.10 (up from JA$0.07 in 2Q 2023). Revenue: JA$7.23b (up 9.5% from 2Q 2023). Net income: JA$345.2m (up 32% from 2Q 2023). Profit margin: 4.8% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JA$4.94, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 66% over the past three years.
New Risk • Aug 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 32x cash flows per share). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (JA$14.5b market cap, or US$94.5m).
Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JA$0.13 (vs JA$0.09 in 1Q 2023)First quarter 2024 results: EPS: JA$0.13 (up from JA$0.09 in 1Q 2023). Revenue: JA$7.31b (up 17% from 1Q 2023). Net income: JA$447.6m (up 38% from 1Q 2023). Profit margin: 6.1% (up from 5.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JA$4.07, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 43% over the past three years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JA$3.09, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 13% over the past three years.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JA$2.72, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 15x in the Consumer Retailing industry in Jamaica. Total loss to shareholders of 9.9% over the past three years.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JA$2.17, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Consumer Retailing industry in Jamaica. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Feb 13Third quarter 2023 earnings released: EPS: JA$0.09 (vs JA$0.08 in 3Q 2022)Third quarter 2023 results: EPS: JA$0.09 (up from JA$0.08 in 3Q 2022). Revenue: JA$6.78b (up 17% from 3Q 2022). Net income: JA$343.0m (up 20% from 3Q 2022). Profit margin: 5.1% (up from 4.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 2 independent directors (7 non-independent directors). Lead Independent Director Colin Maxwell was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Kenneth Sylvester was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to JA$3.69, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 24x in the Consumer Retailing industry in Jamaica. Total returns to shareholders of 1.7% over the past three years.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JA$3.25, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 14x in the Consumer Retailing industry in South America. Total loss to shareholders of 10% over the past three years.
Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JA$0.08 (vs JA$0.07 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JA$5.76b (up 22% from 1Q 2021). Net income: JA$292.1m (up 13% from 1Q 2021). Profit margin: 5.1% (down from 5.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.
Board Change • Jul 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Kenneth Sylvester was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jun 30Upcoming dividend of JA$0.065 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 26 July 2021. Trailing yield: 1.6%. Lower than top quartile of Jamaican dividend payers (3.0%). Lower than average of industry peers (2.1%).
Reported Earnings • May 31Full year 2021 earnings released: EPS JA$0.26 (vs JA$0.21 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JA$20.3b (up 4.1% from FY 2020). Net income: JA$909.5m (up 25% from FY 2020). Profit margin: 4.5% (up from 3.7% 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 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 13New 90-day high: JA$3.50The company is up 16% from its price of JA$3.01 on 12 November 2020. The Jamaican market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 33% over the same period.
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JA$0.07 (vs JA$0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JA$5.17b (up 5.6% from 3Q 2020). Net income: JA$243.2m (up 42% from 3Q 2020). Profit margin: 4.7% (up from 3.5% 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 8% per year whereas the company’s share price has fallen by 12% per year.
Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JA$0.07The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JA$5.36b (up 5.7% from 2Q 2020). Net income: JA$230.0m (up 3.8% from 2Q 2020). Profit margin: 4.3% (down from 4.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Nov 04New 90-day low: JA$2.99The company is down 9.0% from its price of JA$3.27 on 05 August 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 1.0% over the same period.
お知らせ • Sep 24Lasco Distributors Limited Appoints Mr. James E. D. Rawle as Deputy Executive ChairmanLasco Distributors Limited advised that Mr. James E. D. Rawle was appointed LASD’s Deputy Executive Chairman on September 1, 2020.