Thal（THALL）株式概要タール社は、パキスタンでVグッズ、紙袋、ラミネートシートを製造・販売している。 詳細THALL ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性4/6配当金1/6報酬株価収益率（ 5.3 x） PK市場（ 9.7 x）を下回っています。過去5年間の収益は年間12.8%増加しました。 リスク分析リスクチェックの結果、THALL 、リスクは検出されなかった。すべてのリスクチェックを見るTHALL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValuePK₨Current PricePK₨606.82219.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture043b2016201920222025202620282031Revenue PK₨43.4bEarnings PK₨10.2bAdvancedSet Fair ValueView all narrativesThal Limited 競合他社Atlas BatterySymbol: KASE:ATBAMarket cap: PK₨7.7bAgriauto IndustriesSymbol: KASE:AGILMarket cap: PK₨5.7bLoadsSymbol: KASE:LOADSMarket cap: PK₨4.9bExide PakistanSymbol: KASE:EXIDEMarket cap: PK₨4.1b価格と性能株価の高値、安値、推移の概要Thal過去の株価現在の株価PK₨606.8252週高値PK₨730.0052週安値PK₨360.01ベータ0.491ヶ月の変化-4.05%3ヶ月変化-6.53%1年変化63.25%3年間の変化250.76%5年間の変化44.83%IPOからの変化53,148.13%最新ニュースReported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨31.27 (vs PK₨20.90 in 3Q 2025)Third quarter 2026 results: EPS: PK₨31.27 (up from PK₨20.90 in 3Q 2025). Revenue: PK₨9.52b (up 12% from 3Q 2025). Net income: PK₨2.53b (up 50% from 3Q 2025). Profit margin: 27% (up from 20% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 17Thal Limited to Report Q3, 2026 Results on Apr 27, 2026Thal Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 27, 2026New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 19Second quarter 2026 earnings released: EPS: PK₨40.01 (vs PK₨22.06 in 2Q 2025)Second quarter 2026 results: EPS: PK₨40.01 (up from PK₨22.06 in 2Q 2025). Revenue: PK₨10.2b (up 22% from 2Q 2025). Net income: PK₨3.24b (up 81% from 2Q 2025). Profit margin: 32% (up from 21% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 09Thal Limited to Report Q3, 2026 Results on Feb 17, 2026Thal Limited announced that they will report Q3, 2026 results on Feb 17, 2026Reported Earnings • Nov 01First quarter 2026 earnings released: EPS: PK₨22.76 (vs PK₨25.21 in 1Q 2025)First quarter 2026 results: EPS: PK₨22.76 (down from PK₨25.21 in 1Q 2025). Revenue: PK₨10.4b (up 60% from 1Q 2025). Net income: PK₨1.84b (down 9.7% from 1Q 2025). Profit margin: 18% (down from 31% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.最新情報をもっと見るRecent updatesReported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨31.27 (vs PK₨20.90 in 3Q 2025)Third quarter 2026 results: EPS: PK₨31.27 (up from PK₨20.90 in 3Q 2025). Revenue: PK₨9.52b (up 12% from 3Q 2025). Net income: PK₨2.53b (up 50% from 3Q 2025). Profit margin: 27% (up from 20% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 17Thal Limited to Report Q3, 2026 Results on Apr 27, 2026Thal Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 27, 2026New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 19Second quarter 2026 earnings released: EPS: PK₨40.01 (vs PK₨22.06 in 2Q 2025)Second quarter 2026 results: EPS: PK₨40.01 (up from PK₨22.06 in 2Q 2025). Revenue: PK₨10.2b (up 22% from 2Q 2025). Net income: PK₨3.24b (up 81% from 2Q 2025). Profit margin: 32% (up from 21% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 09Thal Limited to Report Q3, 2026 Results on Feb 17, 2026Thal Limited announced that they will report Q3, 2026 results on Feb 17, 2026Reported Earnings • Nov 01First quarter 2026 earnings released: EPS: PK₨22.76 (vs PK₨25.21 in 1Q 2025)First quarter 2026 results: EPS: PK₨22.76 (down from PK₨25.21 in 1Q 2025). Revenue: PK₨10.4b (up 60% from 1Q 2025). Net income: PK₨1.84b (down 9.7% from 1Q 2025). Profit margin: 18% (down from 31% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Oct 23Thal Limited to Report Q3, 2025 Results on Oct 29, 2025Thal Limited announced that they will report Q3, 2025 results on Oct 29, 2025Upcoming Dividend • Oct 03Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 10 October 2025. Payment date: 10 November 2025. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Pakistani dividend payers (7.4%). Lower than average of industry peers (2.1%).お知らせ • Sep 15Thal Limited, Annual General Meeting, Oct 20, 2025Thal Limited, Annual General Meeting, Oct 20, 2025. Location: at icap auditorium, institute of chartered account, of pakistan, chartered accountants avenue, clifton, karachi PakistanDeclared Dividend • Sep 15Final dividend of PK₨6.00 announcedShareholders will receive a dividend of PK₨6.00. Ex-date: 10th October 2025 Payment date: 10th November 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Sep 13Full year 2025 earnings released: EPS: PK₨89.54 (vs PK₨105 in FY 2024)Full year 2025 results: EPS: PK₨89.54 (down from PK₨105 in FY 2024). Revenue: PK₨33.1b (up 13% from FY 2024). Net income: PK₨7.26b (down 15% from FY 2024). Profit margin: 22% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 05Thal Limited to Report Fiscal Year 2025 Results on Sep 11, 2025Thal Limited announced that they will report fiscal year 2025 results on Sep 11, 2025Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to PK₨533, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 16x in the Auto Components industry in Pakistan. Total returns to shareholders of 102% over the past three years.New Risk • May 24New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% 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. This is currently the only risk that has been identified for the company.Reported Earnings • May 02Third quarter 2025 earnings released: EPS: PK₨20.90 (vs PK₨18.69 in 3Q 2024)Third quarter 2025 results: EPS: PK₨20.90 (up from PK₨18.69 in 3Q 2024). Revenue: PK₨8.54b (down 4.0% from 3Q 2024). Net income: PK₨1.69b (up 12% from 3Q 2024). Profit margin: 20% (up from 17% in 3Q 2024). 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 only increased by 2% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 03First half dividend increased to PK₨4.00Dividend of PK₨4.00 is 100% higher than last year. Ex-date: 7th March 2025 Payment date: 4th April 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 02Second quarter 2025 earnings released: EPS: PK₨22.06 (vs PK₨35.60 in 2Q 2024)Second quarter 2025 results: EPS: PK₨22.06 (down from PK₨35.60 in 2Q 2024). Revenue: PK₨8.38b (up 46% from 2Q 2024). Net income: PK₨1.79b (down 38% from 2Q 2024). Profit margin: 21% (down from 50% 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 but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 05First quarter 2025 earnings released: EPS: PK₨25.21 (vs PK₨26.13 in 1Q 2024)First quarter 2025 results: EPS: PK₨25.21 (down from PK₨26.13 in 1Q 2024). Revenue: PK₨6.50b (up 6.6% from 1Q 2024). Net income: PK₨2.04b (down 3.5% from 1Q 2024). Profit margin: 31% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Oct 08Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 14 November 2024. Trailing yield: 1.9%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (2.9%).Reported Earnings • Sep 13Full year 2024 earnings released: EPS: PK₨105 (vs PK₨38.94 in FY 2023)Full year 2024 results: EPS: PK₨105 (up from PK₨38.94 in FY 2023). Revenue: PK₨29.4b (down 11% from FY 2023). Net income: PK₨8.51b (up 170% from FY 2023). Profit margin: 29% (up from 9.5% 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 4% per year whereas the company’s share price has remained flat.Declared Dividend • Sep 13Final dividend of PK₨6.00 announcedShareholders will receive a dividend of PK₨6.00. Ex-date: 15th October 2024 Payment date: 14th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 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.お知らせ • Sep 12Thal Limited, Annual General Meeting, Oct 24, 2024Thal Limited, Annual General Meeting, Oct 24, 2024. Location: at icap auditorium, institute of chartered accountants of pakistan, chartered accountants avenue, clifton, karachi PakistanBuy Or Sell Opportunity • Sep 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to PK₨400. The fair value is estimated to be PK₨512, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.Buy Or Sell Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to PK₨401. The fair value is estimated to be PK₨509, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.Buy Or Sell Opportunity • Jul 01Now 16% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to PK₨470. The fair value is estimated to be PK₨405, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.Buy Or Sell Opportunity • Jun 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to PK₨495. The fair value is estimated to be PK₨409, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.Buy Or Sell Opportunity • May 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to PK₨480. The fair value is estimated to be PK₨383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨425, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Auto Components industry in Pakistan. Total returns to shareholders of 9.3% over the past three years.New Risk • Apr 27New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Revenue has declined by 4.3% over the past year. Minor Risk Profit margins are more than 30% lower than last year (8.8% net profit margin).New Risk • Mar 31New major risk - Revenue and earnings growthRevenue has declined by 4.3% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 4.3% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.8% net profit margin).Buy Or Sell Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to PK₨287. The fair value is estimated to be PK₨359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%.Declared Dividend • Feb 29Dividend increased to PK₨2.00Dividend of PK₨2.00 is 33% higher than last year. Ex-date: 7th March 2024 Payment date: 22nd April 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.New Risk • Nov 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (PK₨23.1b market cap, or US$80.4m).Buying Opportunity • Nov 02Now 20% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be PK₨330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨260, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total loss to shareholders of 33% over the past three years.Upcoming Dividend • Oct 06Upcoming dividend of PK₨6.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 13 October 2023. Payment date: 13 November 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Pakistani dividend payers (14%). Lower than average of industry peers (6.6%).New Risk • Aug 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (PK₨16.6b market cap, or US$57.7m).Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨210, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Auto Components industry in Pakistan. Total loss to shareholders of 46% over the past three years.Upcoming Dividend • Feb 27Upcoming dividend of PK₨1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 06 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (6.4%).Reported Earnings • Feb 26Second quarter 2023 earnings released: EPS: PK₨8.69 (vs PK₨22.22 in 2Q 2022)Second quarter 2023 results: EPS: PK₨8.69 (down from PK₨22.22 in 2Q 2022). Revenue: PK₨8.09b (down 20% from 2Q 2022). Net income: PK₨704.2m (down 61% from 2Q 2022). Profit margin: 8.7% (down from 18% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Khayam Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Oct 05Upcoming dividend of PK₨2.50 per shareEligible shareholders must have bought the stock before 12 October 2022. Payment date: 10 November 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to PK₨277, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 15% over the past three years.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Aliya Khan 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.Upcoming Dividend • Feb 28Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 07 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Pakistani dividend payers (9.8%). Lower than average of industry peers (4.4%).Reported Earnings • Oct 29First quarter 2022 earnings released: EPS PK₨13.88 (vs PK₨17.18 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨8.28b (up 50% from 1Q 2021). Net income: PK₨1.12b (down 19% from 1Q 2021). Profit margin: 14% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 27Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 04 October 2021. Payment date: 03 November 2021. Trailing yield: 3.0%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (3.6%).Reported Earnings • Sep 15Full year 2021 earnings released: EPS PK₨67.06 (vs PK₨35.63 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨29.6b (up 72% from FY 2020). Net income: PK₨5.43b (up 88% from FY 2020). Profit margin: 18% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 29Third quarter 2021 earnings released: EPS PK₨20.29 (vs PK₨13.85 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: PK₨8.52b (up 46% from 3Q 2020). Net income: PK₨1.64b (up 46% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 04New 90-day low: PK₨404The company is down 12% from its price of PK₨461 on 04 December 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is flat over the same period.Reported Earnings • Feb 27Second quarter 2021 earnings released: EPS PK₨12.37 (vs PK₨11.80 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: PK₨6.83b (up 68% from 2Q 2020). Net income: PK₨1.00b (up 4.8% from 2Q 2020). Profit margin: 15% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 29New 90-day low: PK₨426The company is down 2.0% from its price of PK₨433 on 29 October 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 07New 90-day high: PK₨469The company is up 10.0% from its price of PK₨427 on 08 September 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 1.0% over the same period.Is New 90 Day High Low • Nov 05New 90-day high: PK₨459The company is up 10.0% from its price of PK₨416 on 07 August 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period.Reported Earnings • Oct 29First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨3.71b, up 13% from the prior year. Total revenue was PK₨18.5b over the last 12 months, down 18% from the prior year.Reported Earnings • Oct 04Full year earnings released - EPS PK₨35.63Over the last 12 months the company has reported total profits of PK₨2.89b, down 19% from the prior year. Total revenue was PK₨17.2b over the last 12 months, down 27% from the prior year. Profit margins were 17%, which is higher than the 15% margin from last year. The increase in margin was driven by lower expenses.株主還元THALLPK Auto ComponentsPK 市場7D-0.2%-1.1%0.9%1Y63.2%19.7%28.3%株主還元を見る業界別リターン: THALL過去 1 年間で19.7 % の収益を上げたPK Auto Components業界を上回りました。リターン対市場: THALL過去 1 年間で28.3 % の収益を上げたPK市場を上回りました。価格変動Is THALL's price volatile compared to industry and market?THALL volatilityTHALL Average Weekly Movement8.4%Auto Components Industry Average Movement8.2%Market Average Movement8.4%10% most volatile stocks in PK Market11.2%10% least volatile stocks in PK Market5.7%安定した株価: THALL 、 PK市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: THALLの 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19664,060Muhammad Tayyab Tareenwww.thallimited.comタール社はパキスタンでVグッズ、紙袋、ラミネートシートを製造・販売している。エンジニアリング、建材・関連製品、不動産管理・その他 の分野で事業を展開している。自動車用ワイヤーハーネスシステムを自動車メーカーに、オートエアコン、熱交換器、ヒーターブロワー、エアコンコントロール、ヒーターコア、コンデンサー、アルミラジエーター、乗用車用エンジンスターター、オルタネーターを提供している。セメント、化学薬品、染料、接着剤、工業用塩、カルシウム、石膏、カーボンブラック、粉ミルク、グアーガムなど様々な業界の包装に必要な綾織袋、コーヒー袋、砂糖袋、ヘシアンクロス、袋、糸、麻ひも、一重または多重の角底袋を提供している。また、FORMITEブランドの高圧化粧板も提供している。さらに、内部監査、IT関連、アドバイザリー、人事管理サービス、自動車部品、付属品、化学ガス、雑貨の取引、不動産の所有・管理、自動車シート、シート部品、エアクリーナー、その他自動車部品の生産も行っている。また、シンド州タールで330MWの石炭火力発電所の開発にも携わっている。ジュート製品はオーストラリア、エジプト、インド、スペイン、スイス、トルコ、タンザニア、アラブ首長国連邦、イギリス、アメリカなど約25カ国に、ペーパーサック製品は中東、インド、EU、イギリスに輸出している。タール社は1966年に設立され、パキスタンのカラチに本社を置いている。もっと見るThal Limited 基礎のまとめThal の収益と売上を時価総額と比較するとどうか。THALL 基礎統計学時価総額PK₨49.17b収益（TTM）PK₨9.35b売上高(TTM)PK₨39.90b5.3xPER（株価収益率1.2xP/SレシオTHALL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計THALL 損益計算書（TTM）収益PK₨39.90b売上原価PK₨36.13b売上総利益PK₨3.77bその他の費用-PK₨5.58b収益PK₨9.35b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）115.40グロス・マージン9.45%純利益率23.44%有利子負債／自己資本比率6.6%THALL の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.6%現在の配当利回り18%配当性向View Valuation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2026/05/22 06:17終値2026/05/22 00:00収益2026/03/31年間収益2025/06/30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Thal 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。1 アナリスト機関null nullBMA Capital Management Ltd.
Reported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨31.27 (vs PK₨20.90 in 3Q 2025)Third quarter 2026 results: EPS: PK₨31.27 (up from PK₨20.90 in 3Q 2025). Revenue: PK₨9.52b (up 12% from 3Q 2025). Net income: PK₨2.53b (up 50% from 3Q 2025). Profit margin: 27% (up from 20% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 17Thal Limited to Report Q3, 2026 Results on Apr 27, 2026Thal Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 27, 2026
New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 19Second quarter 2026 earnings released: EPS: PK₨40.01 (vs PK₨22.06 in 2Q 2025)Second quarter 2026 results: EPS: PK₨40.01 (up from PK₨22.06 in 2Q 2025). Revenue: PK₨10.2b (up 22% from 2Q 2025). Net income: PK₨3.24b (up 81% from 2Q 2025). Profit margin: 32% (up from 21% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 09Thal Limited to Report Q3, 2026 Results on Feb 17, 2026Thal Limited announced that they will report Q3, 2026 results on Feb 17, 2026
Reported Earnings • Nov 01First quarter 2026 earnings released: EPS: PK₨22.76 (vs PK₨25.21 in 1Q 2025)First quarter 2026 results: EPS: PK₨22.76 (down from PK₨25.21 in 1Q 2025). Revenue: PK₨10.4b (up 60% from 1Q 2025). Net income: PK₨1.84b (down 9.7% from 1Q 2025). Profit margin: 18% (down from 31% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.
Reported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨31.27 (vs PK₨20.90 in 3Q 2025)Third quarter 2026 results: EPS: PK₨31.27 (up from PK₨20.90 in 3Q 2025). Revenue: PK₨9.52b (up 12% from 3Q 2025). Net income: PK₨2.53b (up 50% from 3Q 2025). Profit margin: 27% (up from 20% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 17Thal Limited to Report Q3, 2026 Results on Apr 27, 2026Thal Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 27, 2026
New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 19Second quarter 2026 earnings released: EPS: PK₨40.01 (vs PK₨22.06 in 2Q 2025)Second quarter 2026 results: EPS: PK₨40.01 (up from PK₨22.06 in 2Q 2025). Revenue: PK₨10.2b (up 22% from 2Q 2025). Net income: PK₨3.24b (up 81% from 2Q 2025). Profit margin: 32% (up from 21% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 09Thal Limited to Report Q3, 2026 Results on Feb 17, 2026Thal Limited announced that they will report Q3, 2026 results on Feb 17, 2026
Reported Earnings • Nov 01First quarter 2026 earnings released: EPS: PK₨22.76 (vs PK₨25.21 in 1Q 2025)First quarter 2026 results: EPS: PK₨22.76 (down from PK₨25.21 in 1Q 2025). Revenue: PK₨10.4b (up 60% from 1Q 2025). Net income: PK₨1.84b (down 9.7% from 1Q 2025). Profit margin: 18% (down from 31% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Oct 23Thal Limited to Report Q3, 2025 Results on Oct 29, 2025Thal Limited announced that they will report Q3, 2025 results on Oct 29, 2025
Upcoming Dividend • Oct 03Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 10 October 2025. Payment date: 10 November 2025. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Pakistani dividend payers (7.4%). Lower than average of industry peers (2.1%).
お知らせ • Sep 15Thal Limited, Annual General Meeting, Oct 20, 2025Thal Limited, Annual General Meeting, Oct 20, 2025. Location: at icap auditorium, institute of chartered account, of pakistan, chartered accountants avenue, clifton, karachi Pakistan
Declared Dividend • Sep 15Final dividend of PK₨6.00 announcedShareholders will receive a dividend of PK₨6.00. Ex-date: 10th October 2025 Payment date: 10th November 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Sep 13Full year 2025 earnings released: EPS: PK₨89.54 (vs PK₨105 in FY 2024)Full year 2025 results: EPS: PK₨89.54 (down from PK₨105 in FY 2024). Revenue: PK₨33.1b (up 13% from FY 2024). Net income: PK₨7.26b (down 15% from FY 2024). Profit margin: 22% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 05Thal Limited to Report Fiscal Year 2025 Results on Sep 11, 2025Thal Limited announced that they will report fiscal year 2025 results on Sep 11, 2025
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to PK₨533, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 16x in the Auto Components industry in Pakistan. Total returns to shareholders of 102% over the past three years.
New Risk • May 24New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • May 02Third quarter 2025 earnings released: EPS: PK₨20.90 (vs PK₨18.69 in 3Q 2024)Third quarter 2025 results: EPS: PK₨20.90 (up from PK₨18.69 in 3Q 2024). Revenue: PK₨8.54b (down 4.0% from 3Q 2024). Net income: PK₨1.69b (up 12% from 3Q 2024). Profit margin: 20% (up from 17% in 3Q 2024). 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 only increased by 2% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 03First half dividend increased to PK₨4.00Dividend of PK₨4.00 is 100% higher than last year. Ex-date: 7th March 2025 Payment date: 4th April 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 02Second quarter 2025 earnings released: EPS: PK₨22.06 (vs PK₨35.60 in 2Q 2024)Second quarter 2025 results: EPS: PK₨22.06 (down from PK₨35.60 in 2Q 2024). Revenue: PK₨8.38b (up 46% from 2Q 2024). Net income: PK₨1.79b (down 38% from 2Q 2024). Profit margin: 21% (down from 50% 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 but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 05First quarter 2025 earnings released: EPS: PK₨25.21 (vs PK₨26.13 in 1Q 2024)First quarter 2025 results: EPS: PK₨25.21 (down from PK₨26.13 in 1Q 2024). Revenue: PK₨6.50b (up 6.6% from 1Q 2024). Net income: PK₨2.04b (down 3.5% from 1Q 2024). Profit margin: 31% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Oct 08Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 14 November 2024. Trailing yield: 1.9%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (2.9%).
Reported Earnings • Sep 13Full year 2024 earnings released: EPS: PK₨105 (vs PK₨38.94 in FY 2023)Full year 2024 results: EPS: PK₨105 (up from PK₨38.94 in FY 2023). Revenue: PK₨29.4b (down 11% from FY 2023). Net income: PK₨8.51b (up 170% from FY 2023). Profit margin: 29% (up from 9.5% 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 4% per year whereas the company’s share price has remained flat.
Declared Dividend • Sep 13Final dividend of PK₨6.00 announcedShareholders will receive a dividend of PK₨6.00. Ex-date: 15th October 2024 Payment date: 14th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 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.
お知らせ • Sep 12Thal Limited, Annual General Meeting, Oct 24, 2024Thal Limited, Annual General Meeting, Oct 24, 2024. Location: at icap auditorium, institute of chartered accountants of pakistan, chartered accountants avenue, clifton, karachi Pakistan
Buy Or Sell Opportunity • Sep 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to PK₨400. The fair value is estimated to be PK₨512, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.
Buy Or Sell Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to PK₨401. The fair value is estimated to be PK₨509, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.
Buy Or Sell Opportunity • Jul 01Now 16% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to PK₨470. The fair value is estimated to be PK₨405, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.
Buy Or Sell Opportunity • Jun 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to PK₨495. The fair value is estimated to be PK₨409, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.
Buy Or Sell Opportunity • May 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to PK₨480. The fair value is estimated to be PK₨383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last year. Earnings per share has declined by 49%.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨425, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Auto Components industry in Pakistan. Total returns to shareholders of 9.3% over the past three years.
New Risk • Apr 27New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Revenue has declined by 4.3% over the past year. Minor Risk Profit margins are more than 30% lower than last year (8.8% net profit margin).
New Risk • Mar 31New major risk - Revenue and earnings growthRevenue has declined by 4.3% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 4.3% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.8% net profit margin).
Buy Or Sell Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to PK₨287. The fair value is estimated to be PK₨359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%.
Declared Dividend • Feb 29Dividend increased to PK₨2.00Dividend of PK₨2.00 is 33% higher than last year. Ex-date: 7th March 2024 Payment date: 22nd April 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
New Risk • Nov 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (PK₨23.1b market cap, or US$80.4m).
Buying Opportunity • Nov 02Now 20% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be PK₨330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨260, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total loss to shareholders of 33% over the past three years.
Upcoming Dividend • Oct 06Upcoming dividend of PK₨6.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 13 October 2023. Payment date: 13 November 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Pakistani dividend payers (14%). Lower than average of industry peers (6.6%).
New Risk • Aug 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (PK₨16.6b market cap, or US$57.7m).
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨210, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Auto Components industry in Pakistan. Total loss to shareholders of 46% over the past three years.
Upcoming Dividend • Feb 27Upcoming dividend of PK₨1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 06 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (6.4%).
Reported Earnings • Feb 26Second quarter 2023 earnings released: EPS: PK₨8.69 (vs PK₨22.22 in 2Q 2022)Second quarter 2023 results: EPS: PK₨8.69 (down from PK₨22.22 in 2Q 2022). Revenue: PK₨8.09b (down 20% from 2Q 2022). Net income: PK₨704.2m (down 61% from 2Q 2022). Profit margin: 8.7% (down from 18% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Khayam Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Oct 05Upcoming dividend of PK₨2.50 per shareEligible shareholders must have bought the stock before 12 October 2022. Payment date: 10 November 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to PK₨277, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 15% over the past three years.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Aliya Khan 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.
Upcoming Dividend • Feb 28Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 07 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Pakistani dividend payers (9.8%). Lower than average of industry peers (4.4%).
Reported Earnings • Oct 29First quarter 2022 earnings released: EPS PK₨13.88 (vs PK₨17.18 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨8.28b (up 50% from 1Q 2021). Net income: PK₨1.12b (down 19% from 1Q 2021). Profit margin: 14% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 27Upcoming dividend of PK₨6.00 per shareEligible shareholders must have bought the stock before 04 October 2021. Payment date: 03 November 2021. Trailing yield: 3.0%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (3.6%).
Reported Earnings • Sep 15Full year 2021 earnings released: EPS PK₨67.06 (vs PK₨35.63 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨29.6b (up 72% from FY 2020). Net income: PK₨5.43b (up 88% from FY 2020). Profit margin: 18% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 29Third quarter 2021 earnings released: EPS PK₨20.29 (vs PK₨13.85 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: PK₨8.52b (up 46% from 3Q 2020). Net income: PK₨1.64b (up 46% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 04New 90-day low: PK₨404The company is down 12% from its price of PK₨461 on 04 December 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is flat over the same period.
Reported Earnings • Feb 27Second quarter 2021 earnings released: EPS PK₨12.37 (vs PK₨11.80 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: PK₨6.83b (up 68% from 2Q 2020). Net income: PK₨1.00b (up 4.8% from 2Q 2020). Profit margin: 15% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 29New 90-day low: PK₨426The company is down 2.0% from its price of PK₨433 on 29 October 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 07New 90-day high: PK₨469The company is up 10.0% from its price of PK₨427 on 08 September 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Nov 05New 90-day high: PK₨459The company is up 10.0% from its price of PK₨416 on 07 August 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period.
Reported Earnings • Oct 29First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨3.71b, up 13% from the prior year. Total revenue was PK₨18.5b over the last 12 months, down 18% from the prior year.
Reported Earnings • Oct 04Full year earnings released - EPS PK₨35.63Over the last 12 months the company has reported total profits of PK₨2.89b, down 19% from the prior year. Total revenue was PK₨17.2b over the last 12 months, down 27% from the prior year. Profit margins were 17%, which is higher than the 15% margin from last year. The increase in margin was driven by lower expenses.
