View Future GrowthKot Addu Power 過去の業績過去 基準チェック /06Kot Addu Powerの収益は年間平均-37.7%の割合で減少していますが、 Renewable Energy業界の収益は年間 減少しています。収益は年間7.1% 55.1%割合で 減少しています。 Kot Addu Powerの自己資本利益率は3%であり、純利益率は14.3%です。主要情報-37.72%収益成長率-37.72%EPS成長率Renewable Energy 業界の成長7.74%収益成長率-55.07%株主資本利益率2.99%ネット・マージン14.26%前回の決算情報31 Mar 2026最近の業績更新お知らせ • Apr 20Kot Addu Power Company Limited to Report Q3, 2026 Results on Apr 27, 2026Kot Addu Power Company Limited announced that they will report Q3, 2026 results on Apr 27, 2026お知らせ • Feb 19Kot Addu Power Company Limited to Report First Half, 2026 Results on Feb 26, 2026Kot Addu Power Company Limited announced that they will report first half, 2026 results on Feb 26, 2026Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: PK₨1.30 (vs PK₨0.78 in 3Q 2023)Third quarter 2024 results: EPS: PK₨1.30 (up from PK₨0.78 in 3Q 2023). Net income: PK₨1.14b (up 66% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 02First half 2024 earnings released: EPS: PK₨2.77 (vs PK₨3.62 in 1H 2023)First half 2024 results: EPS: PK₨2.77 (down from PK₨3.62 in 1H 2023). Net income: PK₨2.44b (down 23% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 01First quarter 2024 earnings released: EPS: PK₨1.34 (vs PK₨2.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨1.34 (down from PK₨2.40 in 1Q 2023). Net income: PK₨1.18b (down 44% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 29Full year 2023 earnings released: EPS: PK₨4.50 (vs PK₨11.24 in FY 2022)Full year 2023 results: EPS: PK₨4.50 (down from PK₨11.24 in FY 2022). Revenue: PK₨25.4b (down 81% from FY 2022). Net income: PK₨3.96b (down 60% from FY 2022). Profit margin: 16% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesお知らせ • Apr 20Kot Addu Power Company Limited to Report Q3, 2026 Results on Apr 27, 2026Kot Addu Power Company Limited announced that they will report Q3, 2026 results on Apr 27, 2026Declared Dividend • Mar 02Dividend reduced to PK₨1.50Dividend of PK₨1.50 is 67% lower than last year. Ex-date: 13th March 2026 Payment date: 7th April 2026 Dividend yield will be 13%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (397% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 341% to bring the payout ratio under control. EPS is expected to grow by 35% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Feb 19Kot Addu Power Company Limited to Report First Half, 2026 Results on Feb 26, 2026Kot Addu Power Company Limited announced that they will report first half, 2026 results on Feb 26, 2026お知らせ • Feb 17Kot Addu Power Company Limited (KASE:KAPCO) and Fauji Foundation proposed to acquire 7.97% stake in Attock Cement Pakistan Limited (KASE:ACPL) for PKR 3.6 billion.Kot Addu Power Company Limited (KASE:KAPCO) and Fauji Foundation proposed to acquire 7.97% stake in Attock Cement Pakistan Limited (KASE:ACPL) for PKR 3.6 billion on February 16, 2026. A cash consideration valued at PKR 330.41 per share will be paid by Kot Addu Power Company Limited and Fauji Foundation. Muhammad Iqbal Hussain of Integrated Equities Limited acted as manager to the offer for Kot Addu Power Company Limited and Fauji Foundation.New Risk • Feb 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.9b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 397% Paying a dividend despite having no free cash flows. Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (70% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨27.9b market cap, or US$99.8m).Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨36.41, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 8x in the Renewable Energy industry in Asia. Total returns to shareholders of 198% over the past three years.お知らせ • Nov 12Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) completed the acquisition of 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L.Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) signed a letter of intent to acquire 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L. on August 3, 2025. The transaction is subject to approval by regulatory board / committee and consummation of due diligence investigation. Integrated Equities Limited acted as financial advisor for Fauji Foundation and Kot Addu Power Company Limited. Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) completed the acquisition of 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L. on November 12, 2025.New Risk • Nov 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 70% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 397% Paying a dividend despite having no free cash flows. Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (70% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨26.7b market cap, or US$95.0m).New Risk • Oct 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨28.1b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 241% Earnings have declined by 45% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (PK₨28.1b market cap, or US$99.9m).Upcoming Dividend • Oct 09Upcoming dividend of PK₨2.50 per shareEligible shareholders must have bought the stock before 16 October 2025. Payment date: 14 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 20%. Within top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (13%).New Risk • Oct 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 179% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 241% Earnings have declined by 45% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.New Risk • Sep 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 239% Cash payout ratio: 293% Dividend yield: 24% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 239% Cash payout ratio: 293% Earnings have declined by 45% per year over the past 5 years.Declared Dividend • Sep 17Dividend reduced to PK₨2.50Dividend of PK₨2.50 is 38% lower than last year. Ex-date: 16th October 2025 Payment date: 14th November 2025 Dividend yield will be 20%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (239% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 165% to bring the payout ratio under control. EPS is expected to grow by 22% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Sep 16Kot Addu Power Company Limited, Annual General Meeting, Oct 24, 2025Kot Addu Power Company Limited, Annual General Meeting, Oct 24, 2025.Board Change • Aug 22Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Khawaja Shah was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 12Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Khawaja Shah was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jun 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 Risks Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (239% payout ratio). Large one-off items impacting financial results.New Risk • May 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 Risks Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨26.8b market cap, or US$95.3m).New Risk • Apr 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.8b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (196% payout ratio). Market cap is less than US$100m (PK₨27.8b market cap, or US$99.0m).お知らせ • Apr 04Kot Addu Power Company Limited Announces Resignation of Jamil Akhtar as Director, Effective March 27, 2025Kot Addu Power Company Limited has announced a change in its board of directors following the resignation of Mr. Jamil Akhtar. The company disclosed that Mr. Akhtar stepped down from his position as director with effect from March 27, 2025. The announcement was made on April 3, 2025, and the company is yet to name a successor for the vacated position. The company has communicated that the process to appoint a new director is underway and that the name of the succeeding director will be disclosed in due course. Market participants, including the TRE Certificate Holders of the Exchange, have been notified of the change. The resignation of Mr. Akhtar, who served on the board for an unspecified period, marks a notable change in the company's leadership structure. The forthcoming appointment is anticipated by market observers as it could influence the company's strategic direction.Declared Dividend • Feb 27Dividend of PK₨4.50 announcedShareholders will receive a dividend of PK₨4.50. Ex-date: 10th March 2025 Payment date: 7th April 2025 Dividend yield will be 23%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (174% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 94% to bring the payout ratio under control. However, EPS is expected to decline by 90% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Jan 01Kot Addu Power Company Limited Appoints Shahab Qader Khan as New Chief Executive, Effective January 22, 2025Kot Addu Power Company Limited has announced the appointment of Mr. Shahab Qader Khan as the new Chief Executive of the company. His tenure will span three years, beginning on January 22, 2025, and concluding on January 21, 2028. This strategic leadership change is expected to steer the company towards achieving its future goals and enhancing its market position. The decision to appoint Mr. Khan comes as Kot Addu Power Company Limited continues to strengthen its executive team, aiming to drive growth and operational efficiency. Mr. Khan brings a wealth of experience and expertise to the role, which is anticipated to benefit the company and its stakeholders significantly. According to information available from the Pakistan Stock Exchange (PSX), this appointment is part of a broader initiative to ensure that the company remains competitive within the energy sector. The PSX, as the designated market category, plays a crucial role in disseminating such significant corporate developments to TRE Certificate Holders and investors.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨34.71, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 169% over the past three years.Buy Or Sell Opportunity • Nov 20Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to PK₨32.74. The fair value is estimated to be PK₨25.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 78% over the last 3 years. Earnings per share has declined by 19%.お知らせ • Oct 28Kot Addu Power Company Limited Approves Final Cash DividendKot Addu Power Company Limited at its 20th Annual General Meeting held on October 24, 2024, approved the final cash dividend of PKR 4.00 per ordinary share, based on a share value of PKR 10, was approved for distribution to shareholders listed in the Members Register as of the close of business on October 17, 2024. This resolution follows the interim cash dividends of PKR 4.50 per ordinary share that were previously distributed and have now been ratified.Upcoming Dividend • Oct 09Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 16 October 2024. Payment date: 14 November 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 30%. Within top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (21%).Declared Dividend • Sep 05Dividend reduced to PK₨4.00Dividend of PK₨4.00 is 20% lower than last year. Ex-date: 16th October 2024 Payment date: 14th November 2024 Dividend yield will be 27%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (228% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 153% to bring the payout ratio under control. However, EPS is expected to decline by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Buy Or Sell Opportunity • Aug 19Now 20% overvaluedOver the last 90 days, the stock has fallen 8.5% to PK₨29.15. The fair value is estimated to be PK₨24.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 41% over the last 3 years. Earnings per share has declined by 48%.New Risk • Jul 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨26.9b (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 228% Cash payout ratio: 97% Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (PK₨137m revenue, or US$493k). Minor Risk Market cap is less than US$100m (PK₨26.9b market cap, or US$96.7m).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to PK₨32.86, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 115% over the past three years.Buy Or Sell Opportunity • May 06Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to PK₨30.57. The fair value is estimated to be PK₨24.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 41% over the last 3 years. Earnings per share has declined by 48%.Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: PK₨1.30 (vs PK₨0.78 in 3Q 2023)Third quarter 2024 results: EPS: PK₨1.30 (up from PK₨0.78 in 3Q 2023). Net income: PK₨1.14b (up 66% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to PK₨27.02, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 72% over the past three years.Reported Earnings • Mar 02First half 2024 earnings released: EPS: PK₨2.77 (vs PK₨3.62 in 1H 2023)First half 2024 results: EPS: PK₨2.77 (down from PK₨3.62 in 1H 2023). Net income: PK₨2.44b (down 23% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 01Upcoming dividend of PK₨4.50 per shareEligible shareholders must have bought the stock before 08 March 2024. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 27%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (28%).Declared Dividend • Feb 29Dividend of PK₨4.50 announcedShareholders will receive a dividend of PK₨4.50. Ex-date: 8th March 2024 Payment date: 22nd April 2024 Dividend yield will be 30%, which is higher than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). 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. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control. EPS is expected to grow by 8.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Jan 18Kot Addu Power Company Limited (KASE:KAPCO) has placed a bid to acquire a majority stake in Tenaga Generasi Limited (TGL).Kot Addu Power Company Limited (KASE:KAPCO) has placed a bid to acquire a majority stake in Tenaga Generasi Limited (TGL), on January 16, 2024. The transaction would be subject to, among others, execution of definitive documents, regulatory approvals and internal approvals including KAPCO shareholders' approval. The bid, if successful, would lead to Kot Addu Power Company Limited (KASE:KAPCO) owning the majority stake in Tenaga Generasi Limited (TGL).Reported Earnings • Nov 01First quarter 2024 earnings released: EPS: PK₨1.34 (vs PK₨2.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨1.34 (down from PK₨2.40 in 1Q 2023). Net income: PK₨1.18b (down 44% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Oct 18New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (189% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (PK₨20.1b market cap, or US$72.7m).Upcoming Dividend • Oct 09Upcoming dividend of PK₨5.00 per share at 32% yieldEligible shareholders must have bought the stock before 16 October 2023. Payment date: 14 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 32%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (32%).Buying Opportunity • Oct 05Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be PK₨33.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 59%.Reported Earnings • Sep 29Full year 2023 earnings released: EPS: PK₨4.50 (vs PK₨11.24 in FY 2022)Full year 2023 results: EPS: PK₨4.50 (down from PK₨11.24 in FY 2022). Revenue: PK₨25.4b (down 81% from FY 2022). Net income: PK₨3.96b (down 60% from FY 2022). Profit margin: 16% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Apr 30Third quarter 2023 earnings released: EPS: PK₨0.78 (vs PK₨2.98 in 3Q 2022)Third quarter 2023 results: EPS: PK₨0.78 (down from PK₨2.98 in 3Q 2022). Revenue: PK₨128.5m (down 100% from 3Q 2022). Net income: PK₨689.0m (down 74% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Price Target Changed • Mar 24Price target increased by 10% to PK₨65.10Up from PK₨59.14, the current price target is an average from 2 analysts. New target price is 161% above last closing price of PK₨24.91. Stock is down 11% over the past year. The company is forecast to post earnings per share of PK₨5.90 for next year compared to PK₨11.24 last year.Upcoming Dividend • Feb 28Upcoming dividend of PK₨3.50 per share at 28% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 28%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (26%).Reported Earnings • Feb 26Second quarter 2023 earnings released: EPS: PK₨1.22 (vs PK₨3.78 in 2Q 2022)Second quarter 2023 results: EPS: PK₨1.22 (down from PK₨3.78 in 2Q 2022). Revenue: PK₨2.28b (down 88% from 2Q 2022). Net income: PK₨1.08b (down 68% from 2Q 2022). Profit margin: 47% (up from 17% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Upcoming Dividend • Oct 12Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 19 October 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 26%. Within top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (22%).Reported Earnings • Oct 09Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: PK₨11.24 (down from PK₨11.62 in FY 2021). Revenue: PK₨136.6b (up 96% from FY 2021). Net income: PK₨9.89b (down 3.3% from FY 2021). Profit margin: 7.2% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Board Change • Aug 20Less 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. 4 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Aug 18Kot Addu Power Company Limited Appoints Lt. General (Retd.) Sajjad Ghani as DirectorKot Addu Power Company Limited announced that Lt. General (Retd.) Sajjad Ghani has been appointed as director of the company and elected as chairman of the board of directors of the company with effect from August 17, 2022 in place of Lt. General (Retd.) Muzammil Hussain.お知らせ • May 26Kot Addu Power Company Limited Announces Resignation of Lt. General Muzammil Hussain (Retd) from Board of DirectorsKot Addu Power Company Limited informed Pakistan Stock Exchange that Lt. General Muzammil Hussain (Retd) hasbeen resigned from the Board of Directors of the company with effect from May 24, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: PK₨3.78 (down from PK₨6.02 in 2Q 2021). Revenue: PK₨19.5b (up 83% from 2Q 2021). Net income: PK₨3.33b (down 37% from 2Q 2021). Profit margin: 17% (down from 50% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 53%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year.Upcoming Dividend • Jan 31Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 07 February 2022. Payment date: 02 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 28%. Within top quartile of Pakistani dividend payers (10.0%). Higher than average of industry peers (24%).Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to PK₨28.00, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total loss to shareholders of 5.1% over the past three years.Upcoming Dividend • Oct 06Upcoming dividend of PK₨3.50 per shareEligible shareholders must have bought the stock before 13 October 2021. Payment date: 12 November 2021. Trailing yield: 29%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (18%).Board Change • Oct 06Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Board Change • Oct 06Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 01Full year 2021 earnings released: EPS PK₨11.62 (vs PK₨26.83 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨69.6b (down 2.7% from FY 2020). Net income: PK₨10.2b (down 57% from FY 2020). Profit margin: 15% (down from 33% in FY 2020). The decrease in margin was primarily driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 19Full year 2021 earnings released: EPS PK₨11.62 (vs PK₨26.83 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨50.3b (down 30% from FY 2020). Net income: PK₨10.2b (down 57% from FY 2020). Profit margin: 20% (down from 33% in FY 2020). 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 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 02Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 09 July 2021. Payment date: 06 August 2021. Trailing yield: 11%. Within top quartile of Pakistani dividend payers (8.5%). Lower than average of industry peers (14%).Reported Earnings • Apr 24Third quarter 2021 earnings released: EPS PK₨5.03 (vs PK₨6.87 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨11.6b (down 3.0% from 3Q 2020). Net income: PK₨4.43b (down 27% from 3Q 2020). Profit margin: 38% (down from 51% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Executive Departure • Apr 20Non-Executive Director has left the companyOn the 15th of April, Javed Akhtar's tenure as Non-Executive Director ended after 1.2 years in the role. As of December 2020, Javed personally held only 1.00 share (PK₨27.0 worth at the time). Javed is the only executive to leave the company over the last 12 months.Analyst Estimate Surprise Post Earnings • Mar 02Revenue misses expectationsRevenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 4.3% compared to a 10% growth forecast for the Renewable Energy industry in Pakistan.Reported Earnings • Mar 01Second quarter 2021 earnings released: EPS PK₨6.02 (vs PK₨7.60 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨10.7b (up 17% from 2Q 2020). Net income: PK₨5.30b (down 21% from 2Q 2020). Profit margin: 50% (down from 74% 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 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Price Target Changed • Feb 21Price target raised to PK₨61.08Up from PK₨55.40, the current price target is provided by 1 analyst. The new target price is 59% above the current share price of PK₨38.49. As of last close, the stock is up 44% over the past year.Is New 90 Day High Low • Jan 28New 90-day high: PK₨41.73The company is up 48% from its price of PK₨28.14 on 29 October 2020. The Pakistani market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 17% over the same period.Is New 90 Day High Low • Jan 04New 90-day high: PK₨31.43The company is up 30% from its price of PK₨24.20 on 06 October 2020. The Pakistani market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 14% over the same period.Reported Earnings • Oct 26First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨24.8b, up 61% from the prior year. Total revenue was PK₨59.6b over the last 12 months, down 33% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 26First-quarter earnings released: Revenue misses expectationsFirst-quarter revenue missed analyst estimates by 18% at PK₨23.4b.Analyst Estimate Surprise Post Earnings • Oct 08Annual earnings released: Revenue misses expectationsAnnual revenue missed analyst estimates by 3.0% at PK₨71.5b.Reported Earnings • Oct 08Full year earnings released - EPS PK₨26.83Over the last 12 months the company has reported total profits of PK₨23.6b, up 80% from the prior year. Total revenue was PK₨71.5b over the last 12 months, down 16% from the prior year. Profit margins were 33%, which is higher than the 16% margin from last year. The increase in margin was driven by lower expenses.お知らせ • Oct 07Kot Addu Power Company Limited Proposes Nil Final Dividend for the Year Ended June 30, 2020Kot Addu Power Company Limited announced that it will propose a final dividend for the year ended June 30, 2020 of Nil against PKR 3.00 per share amounting to Nil at their meeting held on September 17, 2020 for approval of members at the Annual General Meeting to be held on October 28, 2020.Reported Earnings • Sep 19Full year earnings released - EPS PK₨26.83Over the last 12 months the company has reported total profits of PK₨23.6b, up 80% from the prior year. Total revenue was PK₨71.5b over the last 12 months, down 16% from the prior year. Profit margins were 33%, which is higher than the 16% margin from last year. The increase in margin was driven by lower expenses.収支内訳Kot Addu Power 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KASE:KAPCO 収益、費用、利益 ( )PKR Millions日付収益収益G+A経費研究開発費31 Mar 2611,5321,645682031 Dec 255,8331,418607030 Sep 255,6091,385678030 Jun 251,5632,536598031 Mar 2503,138704031 Dec 2403,818686030 Sep 2404,294599030 Jun 2404,314642031 Mar 241373,666532031 Dec 232663,213550030 Sep 232,5453,031778030 Jun 2325,4353,959769031 Mar 2384,8095,541861031 Dec 22108,0387,4721,175030 Sep 22125,2529,723953030 Jun 22136,6009,894896031 Mar 22101,0842,530729031 Dec 2189,2924,339501030 Sep 2180,4756,308780030 Jun 2169,63610,229883031 Mar 2160,78721,767518031 Dec 2061,15023,384507030 Sep 2059,57724,782332030 Jun 2071,54323,613316031 Mar 2086,24920,893846031 Dec 1985,07918,517863030 Sep 1988,60115,404739030 Jun 1984,83113,112709031 Mar 1985,28814,006682031 Dec 1896,12112,544555030 Sep 18101,94111,177515030 Jun 1891,91610,617466031 Mar 1889,2539,290451031 Dec 1788,9469,671463030 Sep 1785,6929,310477030 Jun 1781,8479,447452031 Mar 1770,4419,628476031 Dec 1662,6608,912474030 Sep 1659,9159,282478030 Jun 1664,1789,071529031 Mar 1674,6818,880467031 Dec 1577,5169,296447030 Sep 1588,2549,496409030 Jun 15101,4819,7993640質の高い収益: KAPCO 非現金収入 のレベルが高いです。利益率の向上: KAPCOの 利益率 が過去 1 年間で改善したかどうかを判断するにはデータが不十分です。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: KAPCOの収益は過去 5 年間で年間37.7%減少しました。成長の加速: KAPCOは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: KAPCOは過去 1 年間で収益成長率がマイナス ( -47.6% ) となったため、 Renewable Energy業界平均 ( -47.6% ) と比較することが困難です。株主資本利益率高いROE: KAPCOの 自己資本利益率 ( 3% ) 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7D1Y7D1Y7D1YUtilities 、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2026/05/19 16:04終値2026/05/19 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Kot Addu Power Company 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。7 アナリスト機関null nullArif Habib LimitedNurali BarkataliBMA Capital Management Ltd.Muhammad Saad AliBofA Global Research4 その他のアナリストを表示
お知らせ • Apr 20Kot Addu Power Company Limited to Report Q3, 2026 Results on Apr 27, 2026Kot Addu Power Company Limited announced that they will report Q3, 2026 results on Apr 27, 2026
お知らせ • Feb 19Kot Addu Power Company Limited to Report First Half, 2026 Results on Feb 26, 2026Kot Addu Power Company Limited announced that they will report first half, 2026 results on Feb 26, 2026
Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: PK₨1.30 (vs PK₨0.78 in 3Q 2023)Third quarter 2024 results: EPS: PK₨1.30 (up from PK₨0.78 in 3Q 2023). Net income: PK₨1.14b (up 66% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 02First half 2024 earnings released: EPS: PK₨2.77 (vs PK₨3.62 in 1H 2023)First half 2024 results: EPS: PK₨2.77 (down from PK₨3.62 in 1H 2023). Net income: PK₨2.44b (down 23% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 01First quarter 2024 earnings released: EPS: PK₨1.34 (vs PK₨2.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨1.34 (down from PK₨2.40 in 1Q 2023). Net income: PK₨1.18b (down 44% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 29Full year 2023 earnings released: EPS: PK₨4.50 (vs PK₨11.24 in FY 2022)Full year 2023 results: EPS: PK₨4.50 (down from PK₨11.24 in FY 2022). Revenue: PK₨25.4b (down 81% from FY 2022). Net income: PK₨3.96b (down 60% from FY 2022). Profit margin: 16% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Apr 20Kot Addu Power Company Limited to Report Q3, 2026 Results on Apr 27, 2026Kot Addu Power Company Limited announced that they will report Q3, 2026 results on Apr 27, 2026
Declared Dividend • Mar 02Dividend reduced to PK₨1.50Dividend of PK₨1.50 is 67% lower than last year. Ex-date: 13th March 2026 Payment date: 7th April 2026 Dividend yield will be 13%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (397% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 341% to bring the payout ratio under control. EPS is expected to grow by 35% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Feb 19Kot Addu Power Company Limited to Report First Half, 2026 Results on Feb 26, 2026Kot Addu Power Company Limited announced that they will report first half, 2026 results on Feb 26, 2026
お知らせ • Feb 17Kot Addu Power Company Limited (KASE:KAPCO) and Fauji Foundation proposed to acquire 7.97% stake in Attock Cement Pakistan Limited (KASE:ACPL) for PKR 3.6 billion.Kot Addu Power Company Limited (KASE:KAPCO) and Fauji Foundation proposed to acquire 7.97% stake in Attock Cement Pakistan Limited (KASE:ACPL) for PKR 3.6 billion on February 16, 2026. A cash consideration valued at PKR 330.41 per share will be paid by Kot Addu Power Company Limited and Fauji Foundation. Muhammad Iqbal Hussain of Integrated Equities Limited acted as manager to the offer for Kot Addu Power Company Limited and Fauji Foundation.
New Risk • Feb 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.9b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 397% Paying a dividend despite having no free cash flows. Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (70% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨27.9b market cap, or US$99.8m).
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨36.41, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 8x in the Renewable Energy industry in Asia. Total returns to shareholders of 198% over the past three years.
お知らせ • Nov 12Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) completed the acquisition of 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L.Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) signed a letter of intent to acquire 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L. on August 3, 2025. The transaction is subject to approval by regulatory board / committee and consummation of due diligence investigation. Integrated Equities Limited acted as financial advisor for Fauji Foundation and Kot Addu Power Company Limited. Fauji Foundation and Kot Addu Power Company Limited (KASE:KAPCO) completed the acquisition of 84.06% stake in Attock Cement Pakistan Limited (KASE:ACPL) from Pharaon Investment Group Limited Holding S.A.L. on November 12, 2025.
New Risk • Nov 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 70% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 397% Paying a dividend despite having no free cash flows. Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (70% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨26.7b market cap, or US$95.0m).
New Risk • Oct 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨28.1b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 241% Earnings have declined by 45% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (PK₨28.1b market cap, or US$99.9m).
Upcoming Dividend • Oct 09Upcoming dividend of PK₨2.50 per shareEligible shareholders must have bought the stock before 16 October 2025. Payment date: 14 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 20%. Within top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (13%).
New Risk • Oct 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 179% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 241% Earnings have declined by 45% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
New Risk • Sep 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 239% Cash payout ratio: 293% Dividend yield: 24% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 239% Cash payout ratio: 293% Earnings have declined by 45% per year over the past 5 years.
Declared Dividend • Sep 17Dividend reduced to PK₨2.50Dividend of PK₨2.50 is 38% lower than last year. Ex-date: 16th October 2025 Payment date: 14th November 2025 Dividend yield will be 20%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (239% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 165% to bring the payout ratio under control. EPS is expected to grow by 22% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Sep 16Kot Addu Power Company Limited, Annual General Meeting, Oct 24, 2025Kot Addu Power Company Limited, Annual General Meeting, Oct 24, 2025.
Board Change • Aug 22Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Khawaja Shah was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 12Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Khawaja Shah was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jun 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 Risks Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (239% payout ratio). Large one-off items impacting financial results.
New Risk • May 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 Risks Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨26.8b market cap, or US$95.3m).
New Risk • Apr 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.8b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (196% payout ratio). Market cap is less than US$100m (PK₨27.8b market cap, or US$99.0m).
お知らせ • Apr 04Kot Addu Power Company Limited Announces Resignation of Jamil Akhtar as Director, Effective March 27, 2025Kot Addu Power Company Limited has announced a change in its board of directors following the resignation of Mr. Jamil Akhtar. The company disclosed that Mr. Akhtar stepped down from his position as director with effect from March 27, 2025. The announcement was made on April 3, 2025, and the company is yet to name a successor for the vacated position. The company has communicated that the process to appoint a new director is underway and that the name of the succeeding director will be disclosed in due course. Market participants, including the TRE Certificate Holders of the Exchange, have been notified of the change. The resignation of Mr. Akhtar, who served on the board for an unspecified period, marks a notable change in the company's leadership structure. The forthcoming appointment is anticipated by market observers as it could influence the company's strategic direction.
Declared Dividend • Feb 27Dividend of PK₨4.50 announcedShareholders will receive a dividend of PK₨4.50. Ex-date: 10th March 2025 Payment date: 7th April 2025 Dividend yield will be 23%, which is lower than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (174% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 94% to bring the payout ratio under control. However, EPS is expected to decline by 90% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Jan 01Kot Addu Power Company Limited Appoints Shahab Qader Khan as New Chief Executive, Effective January 22, 2025Kot Addu Power Company Limited has announced the appointment of Mr. Shahab Qader Khan as the new Chief Executive of the company. His tenure will span three years, beginning on January 22, 2025, and concluding on January 21, 2028. This strategic leadership change is expected to steer the company towards achieving its future goals and enhancing its market position. The decision to appoint Mr. Khan comes as Kot Addu Power Company Limited continues to strengthen its executive team, aiming to drive growth and operational efficiency. Mr. Khan brings a wealth of experience and expertise to the role, which is anticipated to benefit the company and its stakeholders significantly. According to information available from the Pakistan Stock Exchange (PSX), this appointment is part of a broader initiative to ensure that the company remains competitive within the energy sector. The PSX, as the designated market category, plays a crucial role in disseminating such significant corporate developments to TRE Certificate Holders and investors.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨34.71, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 169% over the past three years.
Buy Or Sell Opportunity • Nov 20Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to PK₨32.74. The fair value is estimated to be PK₨25.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 78% over the last 3 years. Earnings per share has declined by 19%.
お知らせ • Oct 28Kot Addu Power Company Limited Approves Final Cash DividendKot Addu Power Company Limited at its 20th Annual General Meeting held on October 24, 2024, approved the final cash dividend of PKR 4.00 per ordinary share, based on a share value of PKR 10, was approved for distribution to shareholders listed in the Members Register as of the close of business on October 17, 2024. This resolution follows the interim cash dividends of PKR 4.50 per ordinary share that were previously distributed and have now been ratified.
Upcoming Dividend • Oct 09Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 16 October 2024. Payment date: 14 November 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 30%. Within top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (21%).
Declared Dividend • Sep 05Dividend reduced to PK₨4.00Dividend of PK₨4.00 is 20% lower than last year. Ex-date: 16th October 2024 Payment date: 14th November 2024 Dividend yield will be 27%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (228% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 153% to bring the payout ratio under control. However, EPS is expected to decline by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Buy Or Sell Opportunity • Aug 19Now 20% overvaluedOver the last 90 days, the stock has fallen 8.5% to PK₨29.15. The fair value is estimated to be PK₨24.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 41% over the last 3 years. Earnings per share has declined by 48%.
New Risk • Jul 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨26.9b (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 228% Cash payout ratio: 97% Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (PK₨137m revenue, or US$493k). Minor Risk Market cap is less than US$100m (PK₨26.9b market cap, or US$96.7m).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to PK₨32.86, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 115% over the past three years.
Buy Or Sell Opportunity • May 06Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to PK₨30.57. The fair value is estimated to be PK₨24.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 41% over the last 3 years. Earnings per share has declined by 48%.
Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: PK₨1.30 (vs PK₨0.78 in 3Q 2023)Third quarter 2024 results: EPS: PK₨1.30 (up from PK₨0.78 in 3Q 2023). Net income: PK₨1.14b (up 66% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to PK₨27.02, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Mar 02First half 2024 earnings released: EPS: PK₨2.77 (vs PK₨3.62 in 1H 2023)First half 2024 results: EPS: PK₨2.77 (down from PK₨3.62 in 1H 2023). Net income: PK₨2.44b (down 23% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 01Upcoming dividend of PK₨4.50 per shareEligible shareholders must have bought the stock before 08 March 2024. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 27%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (28%).
Declared Dividend • Feb 29Dividend of PK₨4.50 announcedShareholders will receive a dividend of PK₨4.50. Ex-date: 8th March 2024 Payment date: 22nd April 2024 Dividend yield will be 30%, which is higher than the industry average of 28%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). 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. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control. EPS is expected to grow by 8.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Jan 18Kot Addu Power Company Limited (KASE:KAPCO) has placed a bid to acquire a majority stake in Tenaga Generasi Limited (TGL).Kot Addu Power Company Limited (KASE:KAPCO) has placed a bid to acquire a majority stake in Tenaga Generasi Limited (TGL), on January 16, 2024. The transaction would be subject to, among others, execution of definitive documents, regulatory approvals and internal approvals including KAPCO shareholders' approval. The bid, if successful, would lead to Kot Addu Power Company Limited (KASE:KAPCO) owning the majority stake in Tenaga Generasi Limited (TGL).
Reported Earnings • Nov 01First quarter 2024 earnings released: EPS: PK₨1.34 (vs PK₨2.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨1.34 (down from PK₨2.40 in 1Q 2023). Net income: PK₨1.18b (down 44% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Oct 18New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (189% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (PK₨20.1b market cap, or US$72.7m).
Upcoming Dividend • Oct 09Upcoming dividend of PK₨5.00 per share at 32% yieldEligible shareholders must have bought the stock before 16 October 2023. Payment date: 14 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 32%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (32%).
Buying Opportunity • Oct 05Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be PK₨33.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 59%.
Reported Earnings • Sep 29Full year 2023 earnings released: EPS: PK₨4.50 (vs PK₨11.24 in FY 2022)Full year 2023 results: EPS: PK₨4.50 (down from PK₨11.24 in FY 2022). Revenue: PK₨25.4b (down 81% from FY 2022). Net income: PK₨3.96b (down 60% from FY 2022). Profit margin: 16% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 30Third quarter 2023 earnings released: EPS: PK₨0.78 (vs PK₨2.98 in 3Q 2022)Third quarter 2023 results: EPS: PK₨0.78 (down from PK₨2.98 in 3Q 2022). Revenue: PK₨128.5m (down 100% from 3Q 2022). Net income: PK₨689.0m (down 74% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 24Price target increased by 10% to PK₨65.10Up from PK₨59.14, the current price target is an average from 2 analysts. New target price is 161% above last closing price of PK₨24.91. Stock is down 11% over the past year. The company is forecast to post earnings per share of PK₨5.90 for next year compared to PK₨11.24 last year.
Upcoming Dividend • Feb 28Upcoming dividend of PK₨3.50 per share at 28% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 28%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (26%).
Reported Earnings • Feb 26Second quarter 2023 earnings released: EPS: PK₨1.22 (vs PK₨3.78 in 2Q 2022)Second quarter 2023 results: EPS: PK₨1.22 (down from PK₨3.78 in 2Q 2022). Revenue: PK₨2.28b (down 88% from 2Q 2022). Net income: PK₨1.08b (down 68% from 2Q 2022). Profit margin: 47% (up from 17% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Upcoming Dividend • Oct 12Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 19 October 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 26%. Within top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (22%).
Reported Earnings • Oct 09Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: PK₨11.24 (down from PK₨11.62 in FY 2021). Revenue: PK₨136.6b (up 96% from FY 2021). Net income: PK₨9.89b (down 3.3% from FY 2021). Profit margin: 7.2% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Board Change • Aug 20Less 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. 4 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 18Kot Addu Power Company Limited Appoints Lt. General (Retd.) Sajjad Ghani as DirectorKot Addu Power Company Limited announced that Lt. General (Retd.) Sajjad Ghani has been appointed as director of the company and elected as chairman of the board of directors of the company with effect from August 17, 2022 in place of Lt. General (Retd.) Muzammil Hussain.
お知らせ • May 26Kot Addu Power Company Limited Announces Resignation of Lt. General Muzammil Hussain (Retd) from Board of DirectorsKot Addu Power Company Limited informed Pakistan Stock Exchange that Lt. General Muzammil Hussain (Retd) hasbeen resigned from the Board of Directors of the company with effect from May 24, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: PK₨3.78 (down from PK₨6.02 in 2Q 2021). Revenue: PK₨19.5b (up 83% from 2Q 2021). Net income: PK₨3.33b (down 37% from 2Q 2021). Profit margin: 17% (down from 50% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 53%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year.
Upcoming Dividend • Jan 31Upcoming dividend of PK₨4.00 per shareEligible shareholders must have bought the stock before 07 February 2022. Payment date: 02 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 28%. Within top quartile of Pakistani dividend payers (10.0%). Higher than average of industry peers (24%).
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to PK₨28.00, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total loss to shareholders of 5.1% over the past three years.
Upcoming Dividend • Oct 06Upcoming dividend of PK₨3.50 per shareEligible shareholders must have bought the stock before 13 October 2021. Payment date: 12 November 2021. Trailing yield: 29%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (18%).
Board Change • Oct 06Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Board Change • Oct 06Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hafiz Yousaf was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 01Full year 2021 earnings released: EPS PK₨11.62 (vs PK₨26.83 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨69.6b (down 2.7% from FY 2020). Net income: PK₨10.2b (down 57% from FY 2020). Profit margin: 15% (down from 33% in FY 2020). The decrease in margin was primarily driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 19Full year 2021 earnings released: EPS PK₨11.62 (vs PK₨26.83 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨50.3b (down 30% from FY 2020). Net income: PK₨10.2b (down 57% from FY 2020). Profit margin: 20% (down from 33% in FY 2020). 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 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 02Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 09 July 2021. Payment date: 06 August 2021. Trailing yield: 11%. Within top quartile of Pakistani dividend payers (8.5%). Lower than average of industry peers (14%).
Reported Earnings • Apr 24Third quarter 2021 earnings released: EPS PK₨5.03 (vs PK₨6.87 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨11.6b (down 3.0% from 3Q 2020). Net income: PK₨4.43b (down 27% from 3Q 2020). Profit margin: 38% (down from 51% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Executive Departure • Apr 20Non-Executive Director has left the companyOn the 15th of April, Javed Akhtar's tenure as Non-Executive Director ended after 1.2 years in the role. As of December 2020, Javed personally held only 1.00 share (PK₨27.0 worth at the time). Javed is the only executive to leave the company over the last 12 months.
Analyst Estimate Surprise Post Earnings • Mar 02Revenue misses expectationsRevenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 4.3% compared to a 10% growth forecast for the Renewable Energy industry in Pakistan.
Reported Earnings • Mar 01Second quarter 2021 earnings released: EPS PK₨6.02 (vs PK₨7.60 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨10.7b (up 17% from 2Q 2020). Net income: PK₨5.30b (down 21% from 2Q 2020). Profit margin: 50% (down from 74% 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 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Price Target Changed • Feb 21Price target raised to PK₨61.08Up from PK₨55.40, the current price target is provided by 1 analyst. The new target price is 59% above the current share price of PK₨38.49. As of last close, the stock is up 44% over the past year.
Is New 90 Day High Low • Jan 28New 90-day high: PK₨41.73The company is up 48% from its price of PK₨28.14 on 29 October 2020. The Pakistani market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 17% over the same period.
Is New 90 Day High Low • Jan 04New 90-day high: PK₨31.43The company is up 30% from its price of PK₨24.20 on 06 October 2020. The Pakistani market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 14% over the same period.
Reported Earnings • Oct 26First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨24.8b, up 61% from the prior year. Total revenue was PK₨59.6b over the last 12 months, down 33% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 26First-quarter earnings released: Revenue misses expectationsFirst-quarter revenue missed analyst estimates by 18% at PK₨23.4b.
Analyst Estimate Surprise Post Earnings • Oct 08Annual earnings released: Revenue misses expectationsAnnual revenue missed analyst estimates by 3.0% at PK₨71.5b.
Reported Earnings • Oct 08Full year earnings released - EPS PK₨26.83Over the last 12 months the company has reported total profits of PK₨23.6b, up 80% from the prior year. Total revenue was PK₨71.5b over the last 12 months, down 16% from the prior year. Profit margins were 33%, which is higher than the 16% margin from last year. The increase in margin was driven by lower expenses.
お知らせ • Oct 07Kot Addu Power Company Limited Proposes Nil Final Dividend for the Year Ended June 30, 2020Kot Addu Power Company Limited announced that it will propose a final dividend for the year ended June 30, 2020 of Nil against PKR 3.00 per share amounting to Nil at their meeting held on September 17, 2020 for approval of members at the Annual General Meeting to be held on October 28, 2020.
Reported Earnings • Sep 19Full year earnings released - EPS PK₨26.83Over the last 12 months the company has reported total profits of PK₨23.6b, up 80% from the prior year. Total revenue was PK₨71.5b over the last 12 months, down 16% from the prior year. Profit margins were 33%, which is higher than the 16% margin from last year. The increase in margin was driven by lower expenses.