View Future GrowthLavastone 過去の業績過去 基準チェック /46Lavastoneは、平均年間27.3%の収益成長を遂げていますが、 Real Estate業界の収益は、年間 成長しています。収益は、平均年間13% 15.5%収益成長率で 成長しています。 Lavastoneの自己資本利益率は7.1%であり、純利益率は64.4%です。主要情報27.33%収益成長率27.33%EPS成長率Real Estate 業界の成長18.33%収益成長率15.52%株主資本利益率7.13%ネット・マージン64.35%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Aug 14Third quarter 2024 earnings released: EPS: MU₨0.046 (vs MU₨0.047 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.046 (down from MU₨0.047 in 3Q 2023). Revenue: MU₨101.1m (up 37% from 3Q 2023). Net income: MU₨31.1m (down 2.5% from 3Q 2023). Profit margin: 31% (down from 43% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: MU₨0.052 (vs MU₨0.039 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.052 (up from MU₨0.039 in 1Q 2023). Revenue: MU₨102.6m (up 39% from 1Q 2023). Net income: MU₨35.2m (up 34% from 1Q 2023). Profit margin: 34% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Dec 19Full year 2023 earnings released: EPS: MU₨0.32 (vs MU₨0.25 in FY 2022)Full year 2023 results: EPS: MU₨0.32 (up from MU₨0.25 in FY 2022). Revenue: MU₨405.1m (up 43% from FY 2022). Net income: MU₨216.4m (up 25% from FY 2022). Profit margin: 53% (down from 61% 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 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 13Third quarter 2023 earnings released: EPS: MU₨0.047 (vs MU₨0.064 in 3Q 2022)Third quarter 2023 results: EPS: MU₨0.047 (down from MU₨0.064 in 3Q 2022). Revenue: MU₨75.0m (up 4.0% from 3Q 2022). Net income: MU₨31.9m (down 27% from 3Q 2022). Profit margin: 43% (down from 61% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 21Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨72.1m (up 42% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 61% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Dec 17Full year 2022 earnings released: EPS: MU₨0.27 (vs MU₨0.23 in FY 2021)Full year 2022 results: EPS: MU₨0.27 (up from MU₨0.23 in FY 2021). Revenue: MU₨287.3m (up 35% from FY 2021). Net income: MU₨180.2m (up 13% from FY 2021). Profit margin: 63% (down from 75% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.すべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shyam Mohadeb Mohadeb 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.お知らせ • Jan 21Lavastone Ltd, Annual General Meeting, Feb 10, 2026Lavastone Ltd, Annual General Meeting, Feb 10, 2026, at 13:00 Arabian Standard Time. Location: registered office of the company, 1st floor, edith, 6 edith cavell street, port louis, Mauritiusお知らせ • Jan 23Lavastone Ltd, Annual General Meeting, Feb 12, 2025Lavastone Ltd, Annual General Meeting, Feb 12, 2025, at 13:00 Arabian Standard Time. Location: 1st floor, edith, 6 edith cavell street, port louis, MauritiusValuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to MU₨1.60, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 9x in the Real Estate industry in Mauritius. Total loss to shareholders of 11% over the past three years.Reported Earnings • Aug 14Third quarter 2024 earnings released: EPS: MU₨0.046 (vs MU₨0.047 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.046 (down from MU₨0.047 in 3Q 2023). Revenue: MU₨101.1m (up 37% from 3Q 2023). Net income: MU₨31.1m (down 2.5% from 3Q 2023). Profit margin: 31% (down from 43% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Declared Dividend • May 17Dividend increased to MU₨0.03Dividend of MU₨0.03 is 20% higher than last year. Ex-date: 29th May 2024 Payment date: 15th June 2024 Dividend yield will be 6.0%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: MU₨0.052 (vs MU₨0.039 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.052 (up from MU₨0.039 in 1Q 2023). Revenue: MU₨102.6m (up 39% from 1Q 2023). Net income: MU₨35.2m (up 34% from 1Q 2023). Profit margin: 34% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jan 18Lavastone Ltd, Annual General Meeting, Feb 08, 2024Lavastone Ltd, Annual General Meeting, Feb 08, 2024, at 09:00 Coordinated Universal Time. Location: Registered Office of the Company, 1st Floor, EDITH, 6 Edith Cavell Street Port Louis Port Louis Mauritius Agenda: To consider the Company's Annual Report for the year ended 30 September 2023; to receive the Auditors' report for the year ended 30 September 2023; to consider and adopt the Company's audited financial statements for the year ended 30 September 2023; to re-elect Mrs. Vijaya Lakshmi (Ruby) SAHA as Director1 of the Company to hold office until the next Annual Meeting in accordance with Section 138 (6) of the Companies Act 2001; and to consider other business matters.Upcoming Dividend • Dec 28Upcoming dividend of MU₨0.045 per share at 4.6% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 23 January 2024. Trailing yield: 4.6%. Lower than top quartile of Mauritian dividend payers (5.8%). In line with average of industry peers (5.0%).Reported Earnings • Dec 19Full year 2023 earnings released: EPS: MU₨0.32 (vs MU₨0.25 in FY 2022)Full year 2023 results: EPS: MU₨0.32 (up from MU₨0.25 in FY 2022). Revenue: MU₨405.1m (up 43% from FY 2022). Net income: MU₨216.4m (up 25% from FY 2022). Profit margin: 53% (down from 61% 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 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Aug 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (56% net profit margin). Market cap is less than US$100m (MU₨1.22b market cap, or US$27.0m).Reported Earnings • Aug 13Third quarter 2023 earnings released: EPS: MU₨0.047 (vs MU₨0.064 in 3Q 2022)Third quarter 2023 results: EPS: MU₨0.047 (down from MU₨0.064 in 3Q 2022). Revenue: MU₨75.0m (up 4.0% from 3Q 2022). Net income: MU₨31.9m (down 27% from 3Q 2022). Profit margin: 43% (down from 61% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to MU₨1.90, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 7x in the Real Estate industry in Mauritius. Total returns to shareholders of 46% over the past three years.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to MU₨1.51, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Real Estate industry in Mauritius. Total returns to shareholders of 25% over the past three years.Upcoming Dividend • May 18Upcoming dividend of MU₨0.025 per share at 2.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 13 June 2023. Trailing yield: 2.7%. Lower than top quartile of Mauritian dividend payers (6.2%). Lower than average of industry peers (18%).Reported Earnings • Feb 21Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨72.1m (up 42% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 61% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 23Upcoming dividend of MU₨0.04 per shareEligible shareholders must have bought the stock before 30 December 2022. Payment date: 19 January 2023. Trailing yield: 1.7%. Lower than top quartile of Mauritian dividend payers (4.9%). Lower than average of industry peers (3.8%).Reported Earnings • Dec 17Full year 2022 earnings released: EPS: MU₨0.27 (vs MU₨0.23 in FY 2021)Full year 2022 results: EPS: MU₨0.27 (up from MU₨0.23 in FY 2021). Revenue: MU₨287.3m (up 35% from FY 2021). Net income: MU₨180.2m (up 13% from FY 2021). Profit margin: 63% (down from 75% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.Board Change • Nov 16Less 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. 5 non-independent directors. Independent Director Shyam Mohadeb Mohadeb was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 18Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨73.5m (up 45% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 59% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shyam Mohadeb Mohadeb 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.Reported Earnings • Feb 13Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: MU₨0.002 loss per share (down from MU₨0.019 profit in 3Q 2020). Net loss: MU₨1.03m (down 108% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Dec 28Upcoming dividend of MU₨0.02 per shareEligible shareholders must have bought the stock before 04 January 2022. Payment date: 21 January 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Mauritian dividend payers (3.5%). Lower than average of industry peers (2.4%).お知らせ • Sep 07+ 1 more updateKingston Asset Management Ltd acquired an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) for approximately MUR 360 million.Kingston Asset Management Ltd acquired an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) for approximately MUR 360 million on September 6, 2021. Kingston acquired 203,120,004 ordinary shares of Lavastone at a price of MUR 1.76 each. As a result of the transaction, Kingston holds approximately 407 million ordinary shares of Lavastone, representing 59.81% of the rights attached to the voting shares of Lavastone, thereby triggering a mandatory offer. Kingston shall therefore make a mandatory offer to the remaining shareholders of Lavastone, to acquire all the voting shares of Lavastone not already held by Kingston, at a price of MUR 1.76 per ordinary share. Kingston Asset Management Ltd completed the acquisition of an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) on September 6, 2021.Reported Earnings • Aug 18Third quarter 2021 earnings released: MU₨0.002 loss per share (vs MU₨0.019 profit in 3Q 2020)Third quarter 2021 results: Net loss: MU₨1.03m (down 108% from profit in 3Q 2020).Upcoming Dividend • May 24Upcoming dividend of MU₨0.02 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 18 June 2021. Trailing yield: 1.4%. Lower than top quartile of Mauritian dividend payers (4.3%). Lower than average of industry peers (4.4%).Is New 90 Day High Low • Mar 10New 90-day low: MU₨1.33The company is down 17% from its price of MU₨1.60 on 10 December 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period.Upcoming Dividend • Dec 30Upcoming Dividend of MU₨0.02 Per ShareWill be paid on the 25th of January to those who are registered shareholders by the 6th of January. The trailing yield of 1.3% is below the top quartile of Mauritian dividend payers (5.5%), and is lower than industry peers (4.7%).Valuation Update With 7 Day Price Move • Nov 20Market bids up stock over the past weekAfter last week's 22% share price gain to MU₨1.50, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5x. This compares to an average P/E of 20x in the Real Estate industry in Mauritius. Total return to shareholders over the past year is a loss of 32%.Is New 90 Day High Low • Nov 20New 90-day high: MU₨1.50The company is up 4.0% from its price of MU₨1.44 on 21 August 2020. The Mauritian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period.Is New 90 Day High Low • Oct 28New 90-day low: MU₨1.25The company is down 7.0% from its price of MU₨1.35 on 30 July 2020. The Mauritian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period.収支内訳Lavastone の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史MUSE:LAVA.I0000 収益、費用、利益 ( )MUR Millions日付収益収益G+A経費研究開発費31 Dec 2540125890030 Sep 2539824588030 Jun 2541021289031 Mar 2540518990031 Dec 2439917891030 Sep 2439817390030 Jun 2439322183031 Mar 2440922181031 Dec 2341722576030 Sep 2340021673030 Jun 2338917268031 Mar 2334518564031 Dec 2230416964030 Sep 2228317363030 Jun 2225121769031 Mar 2222917168031 Dec 2122317566030 Sep 2121316064030 Jun 21211-10462031 Mar 21206-9059031 Dec 20201-9957030 Sep 20192-9653030 Jun 2017516647031 Mar 2017216644031 Dec 1916716841030 Sep 1916216740030 Jun 191636234031 Mar 191566531031 Dec 181476731030 Sep 181406628030 Jun 181356528030 Sep 1712812317030 Sep 161215812030 Sep 1511548110質の高い収益: LAVA.I0000にはMUR66.6M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st December, 2025に影響を及ぼしています。利益率の向上: LAVA.I0000の現在の純利益率 (64.4%)は、昨年(44.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: LAVA.I0000過去 5 年間で収益を上げており、収益は年間27.3%増加しています。成長の加速: LAVA.I0000の過去 1 年間の収益成長率 ( 45% ) は、5 年間の平均 ( 年間27.3%を上回っています。収益対業界: LAVA.I0000の過去 1 年間の収益成長率 ( 45% ) はReal Estate業界2.5%を上回りました。株主資本利益率高いROE: LAVA.I0000の 自己資本利益率 ( 7.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 、過去の業績が好調な企業。View Financial Health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2026/06/08 09:29終値2026/06/08 00:00収益2025/12/31年間収益2025/09/30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Lavastone Ltd 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 • Aug 14Third quarter 2024 earnings released: EPS: MU₨0.046 (vs MU₨0.047 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.046 (down from MU₨0.047 in 3Q 2023). Revenue: MU₨101.1m (up 37% from 3Q 2023). Net income: MU₨31.1m (down 2.5% from 3Q 2023). Profit margin: 31% (down from 43% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: MU₨0.052 (vs MU₨0.039 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.052 (up from MU₨0.039 in 1Q 2023). Revenue: MU₨102.6m (up 39% from 1Q 2023). Net income: MU₨35.2m (up 34% from 1Q 2023). Profit margin: 34% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Dec 19Full year 2023 earnings released: EPS: MU₨0.32 (vs MU₨0.25 in FY 2022)Full year 2023 results: EPS: MU₨0.32 (up from MU₨0.25 in FY 2022). Revenue: MU₨405.1m (up 43% from FY 2022). Net income: MU₨216.4m (up 25% from FY 2022). Profit margin: 53% (down from 61% 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 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 13Third quarter 2023 earnings released: EPS: MU₨0.047 (vs MU₨0.064 in 3Q 2022)Third quarter 2023 results: EPS: MU₨0.047 (down from MU₨0.064 in 3Q 2022). Revenue: MU₨75.0m (up 4.0% from 3Q 2022). Net income: MU₨31.9m (down 27% from 3Q 2022). Profit margin: 43% (down from 61% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 21Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨72.1m (up 42% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 61% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Dec 17Full year 2022 earnings released: EPS: MU₨0.27 (vs MU₨0.23 in FY 2021)Full year 2022 results: EPS: MU₨0.27 (up from MU₨0.23 in FY 2021). Revenue: MU₨287.3m (up 35% from FY 2021). Net income: MU₨180.2m (up 13% from FY 2021). Profit margin: 63% (down from 75% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shyam Mohadeb Mohadeb 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.
お知らせ • Jan 21Lavastone Ltd, Annual General Meeting, Feb 10, 2026Lavastone Ltd, Annual General Meeting, Feb 10, 2026, at 13:00 Arabian Standard Time. Location: registered office of the company, 1st floor, edith, 6 edith cavell street, port louis, Mauritius
お知らせ • Jan 23Lavastone Ltd, Annual General Meeting, Feb 12, 2025Lavastone Ltd, Annual General Meeting, Feb 12, 2025, at 13:00 Arabian Standard Time. Location: 1st floor, edith, 6 edith cavell street, port louis, Mauritius
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to MU₨1.60, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 9x in the Real Estate industry in Mauritius. Total loss to shareholders of 11% over the past three years.
Reported Earnings • Aug 14Third quarter 2024 earnings released: EPS: MU₨0.046 (vs MU₨0.047 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.046 (down from MU₨0.047 in 3Q 2023). Revenue: MU₨101.1m (up 37% from 3Q 2023). Net income: MU₨31.1m (down 2.5% from 3Q 2023). Profit margin: 31% (down from 43% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Declared Dividend • May 17Dividend increased to MU₨0.03Dividend of MU₨0.03 is 20% higher than last year. Ex-date: 29th May 2024 Payment date: 15th June 2024 Dividend yield will be 6.0%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: MU₨0.052 (vs MU₨0.039 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.052 (up from MU₨0.039 in 1Q 2023). Revenue: MU₨102.6m (up 39% from 1Q 2023). Net income: MU₨35.2m (up 34% from 1Q 2023). Profit margin: 34% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jan 18Lavastone Ltd, Annual General Meeting, Feb 08, 2024Lavastone Ltd, Annual General Meeting, Feb 08, 2024, at 09:00 Coordinated Universal Time. Location: Registered Office of the Company, 1st Floor, EDITH, 6 Edith Cavell Street Port Louis Port Louis Mauritius Agenda: To consider the Company's Annual Report for the year ended 30 September 2023; to receive the Auditors' report for the year ended 30 September 2023; to consider and adopt the Company's audited financial statements for the year ended 30 September 2023; to re-elect Mrs. Vijaya Lakshmi (Ruby) SAHA as Director1 of the Company to hold office until the next Annual Meeting in accordance with Section 138 (6) of the Companies Act 2001; and to consider other business matters.
Upcoming Dividend • Dec 28Upcoming dividend of MU₨0.045 per share at 4.6% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 23 January 2024. Trailing yield: 4.6%. Lower than top quartile of Mauritian dividend payers (5.8%). In line with average of industry peers (5.0%).
Reported Earnings • Dec 19Full year 2023 earnings released: EPS: MU₨0.32 (vs MU₨0.25 in FY 2022)Full year 2023 results: EPS: MU₨0.32 (up from MU₨0.25 in FY 2022). Revenue: MU₨405.1m (up 43% from FY 2022). Net income: MU₨216.4m (up 25% from FY 2022). Profit margin: 53% (down from 61% 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 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Aug 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (56% net profit margin). Market cap is less than US$100m (MU₨1.22b market cap, or US$27.0m).
Reported Earnings • Aug 13Third quarter 2023 earnings released: EPS: MU₨0.047 (vs MU₨0.064 in 3Q 2022)Third quarter 2023 results: EPS: MU₨0.047 (down from MU₨0.064 in 3Q 2022). Revenue: MU₨75.0m (up 4.0% from 3Q 2022). Net income: MU₨31.9m (down 27% from 3Q 2022). Profit margin: 43% (down from 61% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to MU₨1.90, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 7x in the Real Estate industry in Mauritius. Total returns to shareholders of 46% over the past three years.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to MU₨1.51, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Real Estate industry in Mauritius. Total returns to shareholders of 25% over the past three years.
Upcoming Dividend • May 18Upcoming dividend of MU₨0.025 per share at 2.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 13 June 2023. Trailing yield: 2.7%. Lower than top quartile of Mauritian dividend payers (6.2%). Lower than average of industry peers (18%).
Reported Earnings • Feb 21Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨72.1m (up 42% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 61% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 23Upcoming dividend of MU₨0.04 per shareEligible shareholders must have bought the stock before 30 December 2022. Payment date: 19 January 2023. Trailing yield: 1.7%. Lower than top quartile of Mauritian dividend payers (4.9%). Lower than average of industry peers (3.8%).
Reported Earnings • Dec 17Full year 2022 earnings released: EPS: MU₨0.27 (vs MU₨0.23 in FY 2021)Full year 2022 results: EPS: MU₨0.27 (up from MU₨0.23 in FY 2021). Revenue: MU₨287.3m (up 35% from FY 2021). Net income: MU₨180.2m (up 13% from FY 2021). Profit margin: 63% (down from 75% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Board Change • Nov 16Less 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. 5 non-independent directors. Independent Director Shyam Mohadeb Mohadeb was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 18Third quarter 2022 earnings released: EPS: MU₨0.064 (vs MU₨0.002 loss in 3Q 2021)Third quarter 2022 results: EPS: MU₨0.064 (up from MU₨0.002 loss in 3Q 2021). Revenue: MU₨73.5m (up 45% from 3Q 2021). Net income: MU₨43.7m (up MU₨44.7m from 3Q 2021). Profit margin: 59% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shyam Mohadeb Mohadeb 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.
Reported Earnings • Feb 13Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: MU₨0.002 loss per share (down from MU₨0.019 profit in 3Q 2020). Net loss: MU₨1.03m (down 108% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Dec 28Upcoming dividend of MU₨0.02 per shareEligible shareholders must have bought the stock before 04 January 2022. Payment date: 21 January 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Mauritian dividend payers (3.5%). Lower than average of industry peers (2.4%).
お知らせ • Sep 07+ 1 more updateKingston Asset Management Ltd acquired an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) for approximately MUR 360 million.Kingston Asset Management Ltd acquired an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) for approximately MUR 360 million on September 6, 2021. Kingston acquired 203,120,004 ordinary shares of Lavastone at a price of MUR 1.76 each. As a result of the transaction, Kingston holds approximately 407 million ordinary shares of Lavastone, representing 59.81% of the rights attached to the voting shares of Lavastone, thereby triggering a mandatory offer. Kingston shall therefore make a mandatory offer to the remaining shareholders of Lavastone, to acquire all the voting shares of Lavastone not already held by Kingston, at a price of MUR 1.76 per ordinary share. Kingston Asset Management Ltd completed the acquisition of an additional 29.8% stake in Lavastone Ltd (MUSE:LAVA.I0000) on September 6, 2021.
Reported Earnings • Aug 18Third quarter 2021 earnings released: MU₨0.002 loss per share (vs MU₨0.019 profit in 3Q 2020)Third quarter 2021 results: Net loss: MU₨1.03m (down 108% from profit in 3Q 2020).
Upcoming Dividend • May 24Upcoming dividend of MU₨0.02 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 18 June 2021. Trailing yield: 1.4%. Lower than top quartile of Mauritian dividend payers (4.3%). Lower than average of industry peers (4.4%).
Is New 90 Day High Low • Mar 10New 90-day low: MU₨1.33The company is down 17% from its price of MU₨1.60 on 10 December 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period.
Upcoming Dividend • Dec 30Upcoming Dividend of MU₨0.02 Per ShareWill be paid on the 25th of January to those who are registered shareholders by the 6th of January. The trailing yield of 1.3% is below the top quartile of Mauritian dividend payers (5.5%), and is lower than industry peers (4.7%).
Valuation Update With 7 Day Price Move • Nov 20Market bids up stock over the past weekAfter last week's 22% share price gain to MU₨1.50, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5x. This compares to an average P/E of 20x in the Real Estate industry in Mauritius. Total return to shareholders over the past year is a loss of 32%.
Is New 90 Day High Low • Nov 20New 90-day high: MU₨1.50The company is up 4.0% from its price of MU₨1.44 on 21 August 2020. The Mauritian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Oct 28New 90-day low: MU₨1.25The company is down 7.0% from its price of MU₨1.35 on 30 July 2020. The Mauritian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period.