View Future GrowthPakgen Power 過去の業績過去 基準チェック /06Pakgen Powerの収益は年間平均-9.1%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% 26.2%割合で 減少しています。主要情報-9.12%収益成長率-9.25%EPS成長率Renewable Energy 業界の成長7.74%収益成長率-26.25%株主資本利益率-3.35%ネット・マージンn/a前回の決算情報31 Mar 2026最近の業績更新お知らせ • Apr 16Pakgen Power Limited to Report Q1, 2026 Results on Apr 24, 2026Pakgen Power Limited announced that they will report Q1, 2026 results on Apr 24, 2026Reported Earnings • Apr 03Full year 2025 earnings released: PK₨0.92 loss per share (vs PK₨12.02 profit in FY 2024)Full year 2025 results: PK₨0.92 loss per share (down from PK₨12.02 profit in FY 2024). Net loss: PK₨333.1m (down 108% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Mar 24Pakgen Power Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Pakgen Power Limited announced that they will report fiscal year 2025 results on Mar 31, 2026Reported Earnings • Sep 01Second quarter 2025 earnings released: PK₨1.19 loss per share (vs PK₨5.77 profit in 2Q 2024)Second quarter 2025 results: PK₨1.19 loss per share (down from PK₨5.77 profit in 2Q 2024). Net loss: PK₨442.5m (down 121% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: PK₨11.3b (down 46% from FY 2023). Net income: PK₨4.47b (down 24% from FY 2023). Profit margin: 40% (up from 28% 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 59% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨5.91 (vs PK₨4.30 in 3Q 2023)Third quarter 2024 results: EPS: PK₨5.91 (up from PK₨4.30 in 3Q 2023). Revenue: PK₨2.83b (down 56% from 3Q 2023). Net income: PK₨2.20b (up 37% from 3Q 2023). Profit margin: 78% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesBuy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to PK₨40.01. The fair value is estimated to be PK₨50.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 79% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Apr 16Pakgen Power Limited to Report Q1, 2026 Results on Apr 24, 2026Pakgen Power Limited announced that they will report Q1, 2026 results on Apr 24, 2026Reported Earnings • Apr 03Full year 2025 earnings released: PK₨0.92 loss per share (vs PK₨12.02 profit in FY 2024)Full year 2025 results: PK₨0.92 loss per share (down from PK₨12.02 profit in FY 2024). Net loss: PK₨333.1m (down 108% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Apr 02Pakgen Power Limited, Annual General Meeting, Apr 27, 2026Pakgen Power Limited, Annual General Meeting, Apr 27, 2026. Location: at emporium mall, the nishat hotel, trade and finance centre block, near expo centre, abdul haq road, johar town, lahore Pakistanお知らせ • Mar 24Pakgen Power Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Pakgen Power Limited announced that they will report fiscal year 2025 results on Mar 31, 2026New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Market cap is less than US$100m (PK₨27.2b market cap, or US$96.6m).New Risk • Oct 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.1b (US$96.6m) 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: Minor Risks Dividend is not well covered by earnings (dividend per share is over 25x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (PK₨27.1b market cap, or US$96.6m).Reported Earnings • Sep 01Second quarter 2025 earnings released: PK₨1.19 loss per share (vs PK₨5.77 profit in 2Q 2024)Second quarter 2025 results: PK₨1.19 loss per share (down from PK₨5.77 profit in 2Q 2024). Net loss: PK₨442.5m (down 121% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to PK₨155, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 5x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 1,501% over the past three years.New Risk • Jun 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by earnings (98% payout ratio). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 29%After last week's 29% share price gain to PK₨156, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 5x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 1,476% over the past three years.New Risk • May 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results.お知らせ • Apr 04Pakgen Power Limited, Annual General Meeting, Apr 28, 2025Pakgen Power Limited, Annual General Meeting, Apr 28, 2025, at 11:30 W. Europe Standard Time. Location: at emporium mall, the nishat hotel, trade and finance centre block, near expo centre, abdul haq road, johar town, lahore SwedenReported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: PK₨11.3b (down 46% from FY 2023). Net income: PK₨4.47b (down 24% from FY 2023). Profit margin: 40% (up from 28% 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 59% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 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 7.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨127, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 1,097% over the past three years.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨5.91 (vs PK₨4.30 in 3Q 2023)Third quarter 2024 results: EPS: PK₨5.91 (up from PK₨4.30 in 3Q 2023). Revenue: PK₨2.83b (down 56% from 3Q 2023). Net income: PK₨2.20b (up 37% from 3Q 2023). Profit margin: 78% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: PK₨5.77 (vs PK₨4.80 in 2Q 2023)Second quarter 2024 results: EPS: PK₨5.77 (up from PK₨4.80 in 2Q 2023). Revenue: PK₨2.82b (down 54% from 2Q 2023). Net income: PK₨2.15b (up 20% from 2Q 2023). Profit margin: 76% (up from 29% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year and the company’s share price has also increased by 52% per year.Price Target Changed • Aug 28Price target increased by 27% to PK₨75.00Up from PK₨59.00, the current price target is provided by 1 analyst. New target price is 16% below last closing price of PK₨89.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of PK₨20.20 for next year compared to PK₨15.76 last year.お知らせ • Aug 22Pakgen Power Limited to Report First Half, 2024 Results on Aug 28, 2024Pakgen Power Limited announced that they will report first half, 2024 results on Aug 28, 2024New Risk • Aug 05New 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 6.6% 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 Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change).Buy Or Sell Opportunity • May 24Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 76% to PK₨88.11. The fair value is estimated to be PK₨68.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to PK₨65.97, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 381% over the past three years.Reported Earnings • May 01First quarter 2024 earnings released: EPS: PK₨4.98 (vs PK₨4.56 in 1Q 2023)First quarter 2024 results: EPS: PK₨4.98 (up from PK₨4.56 in 1Q 2023). Revenue: PK₨5.15b (up 37% from 1Q 2023). Net income: PK₨1.85b (up 9.2% from 1Q 2023). Profit margin: 36% (down from 45% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 30Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 30 May 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 29%. Within top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (24%).Reported Earnings • Mar 30Full year 2023 earnings released: EPS: PK₨15.76 (vs PK₨8.43 in FY 2022)Full year 2023 results: EPS: PK₨15.76 (up from PK₨8.43 in FY 2022). Revenue: PK₨20.8b (down 55% from FY 2022). Net income: PK₨5.86b (up 87% from FY 2022). Profit margin: 28% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to PK₨43.33, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 361% over the past three years.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: PK₨4.30 (vs PK₨1.26 in 3Q 2022)Third quarter 2023 results: EPS: PK₨4.30 (up from PK₨1.26 in 3Q 2022). Revenue: PK₨6.38b (down 54% from 3Q 2022). Net income: PK₨1.60b (up 241% from 3Q 2022). Profit margin: 25% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 25Upcoming dividend of PK₨15.00 per share at 33% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 33%. Within top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (29%).New Risk • Aug 23New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 121% The company is paying a dividend despite having no free cash flows. Dividend yield: 33% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (PK₨19.0b market cap, or US$63.4m).Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨50.85, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 326% over the past three years.Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to PK₨35.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 345% over the past three years.Upcoming Dividend • Apr 10Upcoming dividend of PK₨2.00 per share at 13% yieldEligible shareholders must have bought the stock before 17 April 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (28%).Reported Earnings • Apr 07Full year 2022 earnings released: EPS: PK₨8.43 (vs PK₨2.82 in FY 2021)Full year 2022 results: EPS: PK₨8.43 (up from PK₨2.82 in FY 2021). Revenue: PK₨45.8b (up 130% from FY 2021). Net income: PK₨3.14b (up 199% from FY 2021). Profit margin: 6.8% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: PK₨8.43 (vs PK₨2.82 in FY 2021)Full year 2022 results: EPS: PK₨8.43 (up from PK₨2.82 in FY 2021). Revenue: PK₨45.8b (up 130% from FY 2021). Net income: PK₨3.14b (up 199% from FY 2021). Profit margin: 6.8% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to PK₨33.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 182% over the past three years.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 Samir Chinoy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 22% share price gain to PK₨26.83, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 217% over the past three years.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: PK₨1.26 (vs PK₨2.02 loss in 3Q 2021)Third quarter 2022 results: EPS: PK₨1.26 (up from PK₨2.02 loss in 3Q 2021). Revenue: PK₨13.8b (up 63% from 3Q 2021). Net income: PK₨469.7m (up PK₨1.22b from 3Q 2021). Profit margin: 3.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Buying Opportunity • Oct 26Now 23% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be PK₨26.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has declined by 22%.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to PK₨19.83, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 123% over the past three years.Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: PK₨1.23 (vs PK₨0.13 in 2Q 2021)Second quarter 2022 results: EPS: PK₨1.23 (up from PK₨0.13 in 2Q 2021). Revenue: PK₨19.1b (up 359% from 2Q 2021). Net income: PK₨459.5m (up PK₨409.7m from 2Q 2021). Profit margin: 2.4% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 23Upcoming dividend of PK₨1.50 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 22 September 2022. The company last paid an ordinary dividend in March 2012. The average dividend yield among industry peers is 26%.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to PK₨22.00, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 138% over the past three years.Reported Earnings • May 01First quarter 2022 earnings released: EPS: PK₨2.52 (vs PK₨2.89 in 1Q 2021)First quarter 2022 results: EPS: PK₨2.52 (down from PK₨2.89 in 1Q 2021). Revenue: PK₨10.4b (up 183% from 1Q 2021). Net income: PK₨936.2m (down 13% from 1Q 2021). Profit margin: 9.0% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Board Change • Apr 27Less 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 Samir Chinoy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 05Full year 2021 earnings released: EPS: PK₨2.82 (vs PK₨11.86 in FY 2020)Full year 2021 results: EPS: PK₨2.82 (down from PK₨11.86 in FY 2020). Revenue: PK₨19.9b (up 87% from FY 2020). Net income: PK₨1.05b (down 76% from FY 2020). Profit margin: 5.3% (down from 41% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to PK₨20.20, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 81% over the past three years.Price Target Changed • Feb 15Price target decreased to PK₨50.00Down from PK₨61.00, the current price target is provided by 1 analyst. New target price is 106% above last closing price of PK₨24.26. Stock is down 19% over the past year. The company is forecast to post earnings per share of PK₨11.90 for next year compared to PK₨11.86 last year.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to PK₨26.44, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 110% over the past three years.Reported Earnings • Oct 27Third quarter 2021 earnings released: PK₨2.02 loss per share (vs PK₨2.86 profit in 3Q 2020)The company reported a decent third quarter result with improved revenues, although earnings and control over costs were weaker. Third quarter 2021 results: Revenue: PK₨8.50b (up 134% from 3Q 2020). Net loss: PK₨750.9m (down 171% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Oct 01Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 08 October 2021. Payment date: 03 November 2021. Trailing yield: 12%. Within top quartile of Pakistani dividend payers (10.0%). Lower than average of industry peers (18%).Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS PK₨0.13 (vs PK₨3.13 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨4.17b (up 77% from 2Q 2020). Net income: PK₨49.8m (down 96% from 2Q 2020). Profit margin: 1.2% (down from 49% 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 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to PK₨25.42, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 74% over the past three years.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS PK₨2.89 (vs PK₨2.93 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: PK₨3.65b (up 39% from 1Q 2020). Net income: PK₨1.08b (down 1.3% from 1Q 2020). Profit margin: 30% (down from 42% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% 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 • Apr 08Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 15 April 2021. Payment date: 18 May 2021. Trailing yield: 12%. Within top quartile of Pakistani dividend payers (9.1%). In line with average of industry peers (13%).Reported Earnings • Apr 05Full year 2020 earnings released: EPS PK₨11.86 (vs PK₨7.82 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: PK₨10.6b (down 13% from FY 2019). Net income: PK₨4.41b (up 52% from FY 2019). Profit margin: 41% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to PK₨29.75, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 89% over the past three years.Reported Earnings • Feb 25Full year 2020 earnings released: EPS PK₨11.86 (vs PK₨7.82 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: PK₨10.6b (down 13% from FY 2019). Net income: PK₨4.41b (up 52% from FY 2019). Profit margin: 41% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 20New 90-day high: PK₨29.75The company is up 70% from its price of PK₨17.50 on 22 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 16% over the same period.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to PK₨29.75, the stock is trading at a trailing P/E ratio of 2.7x, up from the previous P/E ratio of 2.3x. This compares to an average P/E of 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders over the past three years are 82%.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 22% share price gain to PK₨24.45, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.8x. This compares to an average P/E of 2x in the Renewable Energy industry in Pakistan. Total returns to shareholders over the past three years are 46%.Is New 90 Day High Low • Jan 04New 90-day high: PK₨22.75The company is up 38% from its price of PK₨16.50 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.Is New 90 Day High Low • Nov 06New 90-day high: PK₨21.70The company is up 57% from its price of PK₨13.81 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 Renewable Energy industry, which is up 2.0% over the same period.Upcoming Dividend • Nov 06Upcoming Dividend of PK₨1.00 Per ShareWill be paid on the 8th of December to those who are registered shareholders by the 13th of November. The trailing yield of 9.2% is in the top quartile of Pakistani dividend payers (7.8%), but it is lower than industry peers (16%).Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨4.13b, up 55% from the prior year. Total revenue was PK₨10.7b over the last 12 months, down 19% from the prior year.収支内訳Pakgen 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:PKGP 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 260-471230031 Dec 25925-333242030 Sep 251,436-2,023833030 Jun 254,26858878031 Mar 257,0892,647867031 Dec 2411,3164,470889030 Sep 2415,3776,977388030 Jun 2418,9266,379358031 Mar 2422,2286,019338031 Dec 2320,8375,863340030 Sep 2318,7896,355310030 Jun 2326,2455,225299031 Mar 2339,2413,897275031 Dec 2245,8333,136261030 Sep 2246,8912,539213030 Jun 2241,5491,318174031 Mar 2226,601909243031 Dec 2119,9011,049229030 Sep 2118,3391,466177030 Jun 2113,4753,282263031 Mar 2111,6674,397211031 Dec 2010,6464,411213030 Sep 2010,7174,126309030 Jun 2010,4453,844249031 Mar 2011,2553,355219031 Dec 1912,1852,911229030 Sep 1913,2192,667149030 Jun 1913,7612,181185031 Mar 1915,6691,797185031 Dec 1816,2181,485175030 Sep 1816,8961,235201030 Jun 1818,4361,296169031 Mar 1819,0121,294189031 Dec 1719,7551,314182030 Sep 1719,9941,180162030 Jun 1719,1871,064172031 Mar 1717,9571,120171031 Dec 1616,044517169030 Sep 1613,0622,725174030 Jun 169,4892,152172031 Mar 166,145899166031 Dec 156,5231,598154030 Sep 1512,046-596159030 Jun 1521,710-4601510質の高い収益: PKGPは現在利益が出ていません。利益率の向上: PKGPは現在利益が出ていません。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: PKGPは利益が出ておらず、過去 5 年間で損失は年間9.1%の割合で増加しています。成長の加速: PKGPの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: PKGPは利益が出ていないため、過去 1 年間の収益成長をRenewable Energy業界 ( -47.6% ) と比較することは困難です。株主資本利益率高いROE: PKGPは現在利益が出ていないため、自己資本利益率 ( -3.35% ) はマイナスです。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2026/05/22 05:17終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pakgen Power 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。4 アナリスト機関Muhammad AshrafFoundation Securities Private LimitedNabil SalehIsmail Iqbal Securities (Pvt.) Ltd.Mehwish ZafarJS Global Capital Limited1 その他のアナリストを表示
お知らせ • Apr 16Pakgen Power Limited to Report Q1, 2026 Results on Apr 24, 2026Pakgen Power Limited announced that they will report Q1, 2026 results on Apr 24, 2026
Reported Earnings • Apr 03Full year 2025 earnings released: PK₨0.92 loss per share (vs PK₨12.02 profit in FY 2024)Full year 2025 results: PK₨0.92 loss per share (down from PK₨12.02 profit in FY 2024). Net loss: PK₨333.1m (down 108% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Mar 24Pakgen Power Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Pakgen Power Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
Reported Earnings • Sep 01Second quarter 2025 earnings released: PK₨1.19 loss per share (vs PK₨5.77 profit in 2Q 2024)Second quarter 2025 results: PK₨1.19 loss per share (down from PK₨5.77 profit in 2Q 2024). Net loss: PK₨442.5m (down 121% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: PK₨11.3b (down 46% from FY 2023). Net income: PK₨4.47b (down 24% from FY 2023). Profit margin: 40% (up from 28% 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 59% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨5.91 (vs PK₨4.30 in 3Q 2023)Third quarter 2024 results: EPS: PK₨5.91 (up from PK₨4.30 in 3Q 2023). Revenue: PK₨2.83b (down 56% from 3Q 2023). Net income: PK₨2.20b (up 37% from 3Q 2023). Profit margin: 78% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to PK₨40.01. The fair value is estimated to be PK₨50.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 79% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Apr 16Pakgen Power Limited to Report Q1, 2026 Results on Apr 24, 2026Pakgen Power Limited announced that they will report Q1, 2026 results on Apr 24, 2026
Reported Earnings • Apr 03Full year 2025 earnings released: PK₨0.92 loss per share (vs PK₨12.02 profit in FY 2024)Full year 2025 results: PK₨0.92 loss per share (down from PK₨12.02 profit in FY 2024). Net loss: PK₨333.1m (down 108% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Apr 02Pakgen Power Limited, Annual General Meeting, Apr 27, 2026Pakgen Power Limited, Annual General Meeting, Apr 27, 2026. Location: at emporium mall, the nishat hotel, trade and finance centre block, near expo centre, abdul haq road, johar town, lahore Pakistan
お知らせ • Mar 24Pakgen Power Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Pakgen Power Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Market cap is less than US$100m (PK₨27.2b market cap, or US$96.6m).
New Risk • Oct 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: PK₨27.1b (US$96.6m) 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: Minor Risks Dividend is not well covered by earnings (dividend per share is over 25x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (PK₨27.1b market cap, or US$96.6m).
Reported Earnings • Sep 01Second quarter 2025 earnings released: PK₨1.19 loss per share (vs PK₨5.77 profit in 2Q 2024)Second quarter 2025 results: PK₨1.19 loss per share (down from PK₨5.77 profit in 2Q 2024). Net loss: PK₨442.5m (down 121% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to PK₨155, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 5x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 1,501% over the past three years.
New Risk • Jun 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by earnings (98% payout ratio). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 29%After last week's 29% share price gain to PK₨156, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 5x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 1,476% over the past three years.
New Risk • May 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results.
お知らせ • Apr 04Pakgen Power Limited, Annual General Meeting, Apr 28, 2025Pakgen Power Limited, Annual General Meeting, Apr 28, 2025, at 11:30 W. Europe Standard Time. Location: at emporium mall, the nishat hotel, trade and finance centre block, near expo centre, abdul haq road, johar town, lahore Sweden
Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: PK₨11.3b (down 46% from FY 2023). Net income: PK₨4.47b (down 24% from FY 2023). Profit margin: 40% (up from 28% 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 59% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 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 7.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨127, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 1,097% over the past three years.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨5.91 (vs PK₨4.30 in 3Q 2023)Third quarter 2024 results: EPS: PK₨5.91 (up from PK₨4.30 in 3Q 2023). Revenue: PK₨2.83b (down 56% from 3Q 2023). Net income: PK₨2.20b (up 37% from 3Q 2023). Profit margin: 78% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: PK₨5.77 (vs PK₨4.80 in 2Q 2023)Second quarter 2024 results: EPS: PK₨5.77 (up from PK₨4.80 in 2Q 2023). Revenue: PK₨2.82b (down 54% from 2Q 2023). Net income: PK₨2.15b (up 20% from 2Q 2023). Profit margin: 76% (up from 29% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year and the company’s share price has also increased by 52% per year.
Price Target Changed • Aug 28Price target increased by 27% to PK₨75.00Up from PK₨59.00, the current price target is provided by 1 analyst. New target price is 16% below last closing price of PK₨89.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of PK₨20.20 for next year compared to PK₨15.76 last year.
お知らせ • Aug 22Pakgen Power Limited to Report First Half, 2024 Results on Aug 28, 2024Pakgen Power Limited announced that they will report first half, 2024 results on Aug 28, 2024
New Risk • Aug 05New 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 6.6% 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 Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change).
Buy Or Sell Opportunity • May 24Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 76% to PK₨88.11. The fair value is estimated to be PK₨68.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to PK₨65.97, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 381% over the past three years.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: PK₨4.98 (vs PK₨4.56 in 1Q 2023)First quarter 2024 results: EPS: PK₨4.98 (up from PK₨4.56 in 1Q 2023). Revenue: PK₨5.15b (up 37% from 1Q 2023). Net income: PK₨1.85b (up 9.2% from 1Q 2023). Profit margin: 36% (down from 45% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 30Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 30 May 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 29%. Within top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (24%).
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: PK₨15.76 (vs PK₨8.43 in FY 2022)Full year 2023 results: EPS: PK₨15.76 (up from PK₨8.43 in FY 2022). Revenue: PK₨20.8b (down 55% from FY 2022). Net income: PK₨5.86b (up 87% from FY 2022). Profit margin: 28% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to PK₨43.33, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 361% over the past three years.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: PK₨4.30 (vs PK₨1.26 in 3Q 2022)Third quarter 2023 results: EPS: PK₨4.30 (up from PK₨1.26 in 3Q 2022). Revenue: PK₨6.38b (down 54% from 3Q 2022). Net income: PK₨1.60b (up 241% from 3Q 2022). Profit margin: 25% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 25Upcoming dividend of PK₨15.00 per share at 33% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 33%. Within top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (29%).
New Risk • Aug 23New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 121% The company is paying a dividend despite having no free cash flows. Dividend yield: 33% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (PK₨19.0b market cap, or US$63.4m).
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to PK₨50.85, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 326% over the past three years.
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to PK₨35.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 3x in the Renewable Energy industry in Asia. Total returns to shareholders of 345% over the past three years.
Upcoming Dividend • Apr 10Upcoming dividend of PK₨2.00 per share at 13% yieldEligible shareholders must have bought the stock before 17 April 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (28%).
Reported Earnings • Apr 07Full year 2022 earnings released: EPS: PK₨8.43 (vs PK₨2.82 in FY 2021)Full year 2022 results: EPS: PK₨8.43 (up from PK₨2.82 in FY 2021). Revenue: PK₨45.8b (up 130% from FY 2021). Net income: PK₨3.14b (up 199% from FY 2021). Profit margin: 6.8% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: PK₨8.43 (vs PK₨2.82 in FY 2021)Full year 2022 results: EPS: PK₨8.43 (up from PK₨2.82 in FY 2021). Revenue: PK₨45.8b (up 130% from FY 2021). Net income: PK₨3.14b (up 199% from FY 2021). Profit margin: 6.8% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to PK₨33.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 182% over the past three years.
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 Samir Chinoy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 22% share price gain to PK₨26.83, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the Renewable Energy industry in Asia. Total returns to shareholders of 217% over the past three years.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: PK₨1.26 (vs PK₨2.02 loss in 3Q 2021)Third quarter 2022 results: EPS: PK₨1.26 (up from PK₨2.02 loss in 3Q 2021). Revenue: PK₨13.8b (up 63% from 3Q 2021). Net income: PK₨469.7m (up PK₨1.22b from 3Q 2021). Profit margin: 3.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Buying Opportunity • Oct 26Now 23% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be PK₨26.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has declined by 22%.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to PK₨19.83, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 123% over the past three years.
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: PK₨1.23 (vs PK₨0.13 in 2Q 2021)Second quarter 2022 results: EPS: PK₨1.23 (up from PK₨0.13 in 2Q 2021). Revenue: PK₨19.1b (up 359% from 2Q 2021). Net income: PK₨459.5m (up PK₨409.7m from 2Q 2021). Profit margin: 2.4% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 23Upcoming dividend of PK₨1.50 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 22 September 2022. The company last paid an ordinary dividend in March 2012. The average dividend yield among industry peers is 26%.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to PK₨22.00, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 138% over the past three years.
Reported Earnings • May 01First quarter 2022 earnings released: EPS: PK₨2.52 (vs PK₨2.89 in 1Q 2021)First quarter 2022 results: EPS: PK₨2.52 (down from PK₨2.89 in 1Q 2021). Revenue: PK₨10.4b (up 183% from 1Q 2021). Net income: PK₨936.2m (down 13% from 1Q 2021). Profit margin: 9.0% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less 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 Samir Chinoy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 05Full year 2021 earnings released: EPS: PK₨2.82 (vs PK₨11.86 in FY 2020)Full year 2021 results: EPS: PK₨2.82 (down from PK₨11.86 in FY 2020). Revenue: PK₨19.9b (up 87% from FY 2020). Net income: PK₨1.05b (down 76% from FY 2020). Profit margin: 5.3% (down from 41% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to PK₨20.20, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 81% over the past three years.
Price Target Changed • Feb 15Price target decreased to PK₨50.00Down from PK₨61.00, the current price target is provided by 1 analyst. New target price is 106% above last closing price of PK₨24.26. Stock is down 19% over the past year. The company is forecast to post earnings per share of PK₨11.90 for next year compared to PK₨11.86 last year.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to PK₨26.44, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 5x in the Renewable Energy industry in Asia. Total returns to shareholders of 110% over the past three years.
Reported Earnings • Oct 27Third quarter 2021 earnings released: PK₨2.02 loss per share (vs PK₨2.86 profit in 3Q 2020)The company reported a decent third quarter result with improved revenues, although earnings and control over costs were weaker. Third quarter 2021 results: Revenue: PK₨8.50b (up 134% from 3Q 2020). Net loss: PK₨750.9m (down 171% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Oct 01Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 08 October 2021. Payment date: 03 November 2021. Trailing yield: 12%. Within top quartile of Pakistani dividend payers (10.0%). Lower than average of industry peers (18%).
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS PK₨0.13 (vs PK₨3.13 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨4.17b (up 77% from 2Q 2020). Net income: PK₨49.8m (down 96% from 2Q 2020). Profit margin: 1.2% (down from 49% 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 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to PK₨25.42, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS PK₨2.89 (vs PK₨2.93 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: PK₨3.65b (up 39% from 1Q 2020). Net income: PK₨1.08b (down 1.3% from 1Q 2020). Profit margin: 30% (down from 42% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% 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 • Apr 08Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 15 April 2021. Payment date: 18 May 2021. Trailing yield: 12%. Within top quartile of Pakistani dividend payers (9.1%). In line with average of industry peers (13%).
Reported Earnings • Apr 05Full year 2020 earnings released: EPS PK₨11.86 (vs PK₨7.82 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: PK₨10.6b (down 13% from FY 2019). Net income: PK₨4.41b (up 52% from FY 2019). Profit margin: 41% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to PK₨29.75, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders of 89% over the past three years.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS PK₨11.86 (vs PK₨7.82 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: PK₨10.6b (down 13% from FY 2019). Net income: PK₨4.41b (up 52% from FY 2019). Profit margin: 41% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 20New 90-day high: PK₨29.75The company is up 70% from its price of PK₨17.50 on 22 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 16% over the same period.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to PK₨29.75, the stock is trading at a trailing P/E ratio of 2.7x, up from the previous P/E ratio of 2.3x. This compares to an average P/E of 3x in the Renewable Energy industry in Pakistan. Total returns to shareholders over the past three years are 82%.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 22% share price gain to PK₨24.45, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.8x. This compares to an average P/E of 2x in the Renewable Energy industry in Pakistan. Total returns to shareholders over the past three years are 46%.
Is New 90 Day High Low • Jan 04New 90-day high: PK₨22.75The company is up 38% from its price of PK₨16.50 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.
Is New 90 Day High Low • Nov 06New 90-day high: PK₨21.70The company is up 57% from its price of PK₨13.81 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 Renewable Energy industry, which is up 2.0% over the same period.
Upcoming Dividend • Nov 06Upcoming Dividend of PK₨1.00 Per ShareWill be paid on the 8th of December to those who are registered shareholders by the 13th of November. The trailing yield of 9.2% is in the top quartile of Pakistani dividend payers (7.8%), but it is lower than industry peers (16%).
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨4.13b, up 55% from the prior year. Total revenue was PK₨10.7b over the last 12 months, down 19% from the prior year.