Valuation Update With 7 Day Price Move • 10h
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JA$1.55, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Packaging industry in South America. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JA$1.93, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 11x in the Packaging industry in South America. Total loss to shareholders of 25% over the past three years. New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Jamaican stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (JA$921.4m market cap, or US$5.85m). Minor Risk Dividend is not well covered by cash flows (215% cash payout ratio). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JA$1.96, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 11x in the Packaging industry in South America. Total loss to shareholders of 30% over the past three years. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Heather Lee-Matalon was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. お知らせ • Dec 24
AMG Packaging & Paper Company Limited Announces Dividend, Payable on January 31, 2025 The Board of Directors of AMG Packaging & Paper Company Limited announced that it has declared a dividend of $0.12 a share payable to shareholders of record on January 13, 2025. Payment to be made on January 31, 2025. Reported Earnings • Oct 16
Full year 2024 earnings released: EPS: JA$0.27 (vs JA$0.17 in FY 2023) Full year 2024 results: EPS: JA$0.27 (up from JA$0.17 in FY 2023). Revenue: JA$999.7m (down 1.2% from FY 2023). Net income: JA$135.8m (up 52% from FY 2023). Profit margin: 14% (up from 8.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$3.28, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Packaging industry in South America. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$3.45, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 14x in the Packaging industry in South America. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JA$2.89, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Packaging industry in South America. Total returns to shareholders of 71% over the past three years. Reported Earnings • Apr 16
Second quarter 2024 earnings released: EPS: JA$0.062 (vs JA$0.035 in 2Q 2023) Second quarter 2024 results: EPS: JA$0.062 (up from JA$0.035 in 2Q 2023). Revenue: JA$250.0m (up 1.4% from 2Q 2023). Net income: JA$32.0m (up 79% from 2Q 2023). Profit margin: 13% (up from 7.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JA$2.86, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Packaging industry in South America. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JA$2.60, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 8x in the Packaging industry in South America. Total returns to shareholders of 72% over the past three years. Reported Earnings • Jan 16
First quarter 2024 earnings released: EPS: JA$0.078 (vs JA$0.048 in 1Q 2023) First quarter 2024 results: EPS: JA$0.078 (up from JA$0.048 in 1Q 2023). Revenue: JA$272.5m (up 7.2% from 1Q 2023). Net income: JA$39.9m (up 62% from 1Q 2023). Profit margin: 15% (up from 9.7% 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 20% per year whereas the company’s share price has increased by 23% per year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JA$3.00, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 9x in the Packaging industry in South America. Total returns to shareholders of 81% over the past three years. お知らせ • Dec 24
AMG Packaging & Paper Company Limited, Annual General Meeting, Feb 22, 2024 AMG Packaging & Paper Company Limited, Annual General Meeting, Feb 22, 2024, at 10:00 Eastern Standard Time. Location: Company office, 9 Retirement Crescent Kingston 5 Jamaica Agenda: To receive the audited results for the year ended August 31, 2023; to consider directorate reelections; to approve remuneration of the directors; to consider appointment of auditors and authorize directors to fix their remuneration; to consider other matters. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JA$2.70, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 8x in the Packaging industry in South America. Total returns to shareholders of 69% over the past three years. New Risk • Dec 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Market cap is less than US$10m (JA$1.33b market cap, or US$8.56m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 30
Full year 2023 earnings released: EPS: JA$0.17 (vs JA$0.20 in FY 2022) Full year 2023 results: EPS: JA$0.17 (down from JA$0.20 in FY 2022). Revenue: JA$1.01b (up 1.6% from FY 2022). Net income: JA$89.4m (down 15% from FY 2022). Profit margin: 8.8% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$2.15, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 10x in the Packaging industry in South America. Total returns to shareholders of 35% over the past three years. Buying Opportunity • Nov 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be JA$2.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JA$1.95, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 9x in the Packaging industry in South America. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$2.66, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 14x in the Packaging industry in South America. Total returns to shareholders of 59% over the past three years. Reported Earnings • Jul 18
Third quarter 2023 earnings released: EPS: JA$0.064 (vs JA$0.051 in 3Q 2022) Third quarter 2023 results: EPS: JA$0.064 (up from JA$0.051 in 3Q 2022). Revenue: JA$281.0m (up 10% from 3Q 2022). Net income: JA$32.6m (up 26% from 3Q 2022). Profit margin: 12% (up from 10% 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 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JA$2.25, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 14x in the Packaging industry in South America. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JA$3.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 11x in the Packaging industry in South America. Total returns to shareholders of 82% over the past three years. Reported Earnings • Apr 15
Second quarter 2023 earnings released: EPS: JA$0.035 (vs JA$0.035 in 2Q 2022) Second quarter 2023 results: EPS: JA$0.035 (in line with 2Q 2022). Revenue: JA$246.5m (up 14% from 2Q 2022). Net income: JA$17.8m (flat on 2Q 2022). Profit margin: 7.2% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JA$3.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 11x in the Packaging industry in South America. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$3.10, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 11x in the Packaging industry in South America. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JA$2.30, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 9x in the Packaging industry in South America. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JA$2.70, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 9x in the Packaging industry in South America. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JA$2.96, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 8x in the Packaging industry in South America. Total returns to shareholders of 42% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Duke Holness was the last 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 15% share price gain to JA$4.90, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 7x in the Packaging industry in South America. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 23% share price gain to JA$4.48, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 7x in the Packaging industry in South America. Total returns to shareholders of 127% over the past three years. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Duke Holness was the last 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: Insufficient board refreshment. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Duke Holness was the last 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 16% share price gain to JA$3.60, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 8x in the Packaging industry in South America. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 18% share price gain to JA$3.59, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 9x in the Packaging industry in South America. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 32% share price gain to JA$2.90, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 10x in the Packaging industry in South America. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JA$1.90, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 10x in the Packaging industry in South America. Total returns to shareholders of 13% over the past three years. Reported Earnings • Nov 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JA$0.12 (up from JA$0.11 in FY 2020). Revenue: JA$705.9m (down 2.0% from FY 2020). Net income: JA$60.6m (up 7.8% from FY 2020). Profit margin: 8.6% (up from 7.8% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. 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 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improved over the past week After last week's 28% share price gain to JA$2.05, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 10x in the Packaging industry in South America. Total returns to shareholders of 15% over the past three years. Reported Earnings • Oct 23
Full year 2021 earnings released: EPS JA$0.12 (vs JA$0.11 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JA$705.9m (down 2.0% from FY 2020). Net income: JA$62.6m (up 11% from FY 2020). Profit margin: 8.9% (up from 7.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improved over the past week After last week's 21% share price gain to JA$2.01, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 10x in the Packaging industry in South America. Total returns to shareholders of 4.1% over the past three years. Reported Earnings • Jul 18
Third quarter 2021 earnings released: EPS JA$0.041 (vs JA$0.033 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JA$170.5m (flat on 3Q 2020). Net income: JA$21.2m (up 27% from 3Q 2020). Profit margin: 12% (up from 9.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Second quarter 2021 earnings released: EPS JA$0.013 (vs JA$0.012 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JA$164.5m (down 3.9% from 2Q 2020). Net income: JA$6.50m (up 2.8% from 2Q 2020). Profit margin: 4.0% (up from 3.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JA$1.70, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 14x in the Packaging industry in South America. Total loss to shareholders of 18% over the past three years. Is New 90 Day High Low • Feb 18
New 90-day high: JA$1.80 The company is up 17% from its price of JA$1.54 on 19 November 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 15% over the same period. Reported Earnings • Jan 14
First quarter 2021 earnings released: EPS JA$0.028 The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins were improved. First quarter 2021 results: Revenue: JA$173.9m (down 9.3% from 1Q 2020). Net income: JA$14.5m (flat on 1Q 2020). Profit margin: 8.3% (up from 7.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Full year 2020 earnings released: EPS JA$0.11 The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JA$720.5m (down 5.5% from FY 2019). Net income: JA$56.2m (down 4.9% from FY 2019). Profit margin: 7.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 07
New 90-day low: JA$1.46 The company is down 18% from its price of JA$1.77 on 07 August 2020. The Jamaican market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 10.0% over the same period. Reported Earnings • Nov 07
Full year 2020 earnings released: EPS JA$0.11 The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JA$720.5m (down 5.5% from FY 2019). Net income: JA$56.0m (down 5.3% from FY 2019). Profit margin: 7.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 21
Market pulls back on stock over the past week After last week's 18% share price decline to JA$1.65, the stock is trading at a trailing P/E ratio of 13.8x, down from the previous P/E ratio of 16.8x. This compares to an average P/E of 9x in the Packaging industry in South America. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 28% share price gain to JA$2.00, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 9x in the Packaging industry in South America. Total return to shareholders over the past three years is a loss of 41%. 
