View ValuationAirtel Uganda 将来の成長Future 基準チェック /06現在、 Airtel Ugandaの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Wireless Telecom 収益成長24.7%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Apr 20Full year 2025 earnings released: EPS: USh11.20 (vs USh7.92 in FY 2024)Full year 2025 results: EPS: USh11.20 (up from USh7.92 in FY 2024). Revenue: USh2.25t (up 13% from FY 2024). Net income: USh446.9b (up 41% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Mar 26Upcoming dividend of USh3.55 per shareEligible shareholders must have bought the stock before 02 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Ugandan dividend payers (9.0%). Higher than average of industry peers (1.2%).New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (395% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).お知らせ • Feb 24Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026, at 09:00 E. Africa Standard Time.Upcoming Dividend • Dec 04Upcoming dividend of USh3.25 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (1.4%).Upcoming Dividend • Sep 08Upcoming dividend of USh2.50 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 07 October 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (10.0%). Higher than average of industry peers (1.5%).Reported Earnings • Aug 31First half 2025 earnings released: EPS: USh4.90 (vs USh3.83 in 1H 2024)First half 2025 results: EPS: USh4.90 (up from USh3.83 in 1H 2024). Revenue: USh1.08t (up 12% from 1H 2024). Net income: USh197.2b (up 29% from 1H 2024). Profit margin: 18% (up from 16% in 1H 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 04Upcoming dividend of USh1.85 per shareEligible shareholders must have bought the stock before 10 June 2025. Payment date: 03 July 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (15%). Higher than average of industry peers (4.9%).New Risk • Apr 29New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 99% Dividend yield: 8.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.3% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Minor Risks High level of debt (452% net debt to equity). Dividend is not well covered by earnings (99% payout ratio).Reported Earnings • Apr 28Full year 2024 earnings released: EPS: USh7.90 (vs USh7.42 in FY 2023)Full year 2024 results: EPS: USh7.90 (up from USh7.42 in FY 2023). Revenue: USh1.99t (up 11% from FY 2023). Net income: USh316.7b (up 6.7% from FY 2023). Profit margin: 16% (in line with FY 2023).New Risk • Apr 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.6% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).Upcoming Dividend • Mar 28Upcoming dividend of USh2.50 per shareEligible shareholders must have bought the stock before 04 April 2025. Payment date: 28 April 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 9.1%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (5.0%).お知らせ • Feb 20Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025, at 09:00 E. Africa Standard Time.New Risk • Feb 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (4.0% average weekly change).Upcoming Dividend • Dec 05Upcoming dividend of USh2.08 per shareEligible shareholders must have bought the stock before 12 December 2024. Payment date: 03 January 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Ugandan dividend payers (14%). In line with average of industry peers (5.7%).New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 2.9% 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 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (2.9% average weekly change).Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: EPS: USh3.80. Net income: USh153.2b (up USh153.2b from 1H 2023).Upcoming Dividend • Sep 02Upcoming dividend of USh2.15 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Ugandan dividend payers (14%). Lower than average of industry peers (5.7%).Buy Or Sell Opportunity • Jul 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%.Buy Or Sell Opportunity • Jun 27Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%.New Risk • Mar 02New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 3.2% over the past year. Minor Risk High level of debt (479% net debt to equity).Buy Or Sell Opportunity • Feb 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to USh89.58. The fair value is estimated to be USh112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last year. Earnings per share has declined by 11%.New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 3.2% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.2% over the past year. Minor Risks High level of debt (479% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Airtel Uganda は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測UGSE:AIRTEL UGANDA - アナリストの将来予測と過去の財務データ ( )UGX Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20252,249,736446,861773,0461,013,361N/A9/30/20252,177,450403,809721,456952,170N/A6/30/20252,105,163360,757670,300891,412N/A3/31/20252,045,831338,749657,197885,684N/A12/31/20241,986,498316,740644,094879,955N/A9/30/20241,935,599301,482614,052847,466N/A6/30/20241,884,699286,224583,789814,759N/A3/31/20241,834,330291,587537,498774,132N/A12/31/20231,783,960296,950491,210733,506N/A12/31/20221,599,898325,703464,148705,311N/A12/31/20211,653,296459,575723,095848,601N/A12/31/20201,553,913405,868293,495714,523N/A12/31/20191,279,152316,675377,951593,644N/A12/31/20181,180,712338,082N/A447,901N/A12/31/20171,155,030245,016N/A484,689N/A12/31/20161,033,294160,452N/A305,473N/A12/31/2015846,20486,327N/A367,401N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AIRTEL UGANDAの予測収益成長が 貯蓄率 ( 15.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: AIRTEL UGANDAの収益がUG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: AIRTEL UGANDAの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: AIRTEL UGANDAの収益がUG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: AIRTEL UGANDAの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AIRTEL UGANDAの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTelecom 業界の高成長企業。View Past Performance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2026/05/11 13:13終値2026/05/11 00:00収益2025/12/31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Airtel Uganda 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。0
Reported Earnings • Apr 20Full year 2025 earnings released: EPS: USh11.20 (vs USh7.92 in FY 2024)Full year 2025 results: EPS: USh11.20 (up from USh7.92 in FY 2024). Revenue: USh2.25t (up 13% from FY 2024). Net income: USh446.9b (up 41% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Mar 26Upcoming dividend of USh3.55 per shareEligible shareholders must have bought the stock before 02 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Ugandan dividend payers (9.0%). Higher than average of industry peers (1.2%).
New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (395% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).
お知らせ • Feb 24Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026, at 09:00 E. Africa Standard Time.
Upcoming Dividend • Dec 04Upcoming dividend of USh3.25 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (1.4%).
Upcoming Dividend • Sep 08Upcoming dividend of USh2.50 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 07 October 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (10.0%). Higher than average of industry peers (1.5%).
Reported Earnings • Aug 31First half 2025 earnings released: EPS: USh4.90 (vs USh3.83 in 1H 2024)First half 2025 results: EPS: USh4.90 (up from USh3.83 in 1H 2024). Revenue: USh1.08t (up 12% from 1H 2024). Net income: USh197.2b (up 29% from 1H 2024). Profit margin: 18% (up from 16% in 1H 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 04Upcoming dividend of USh1.85 per shareEligible shareholders must have bought the stock before 10 June 2025. Payment date: 03 July 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (15%). Higher than average of industry peers (4.9%).
New Risk • Apr 29New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 99% Dividend yield: 8.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.3% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Minor Risks High level of debt (452% net debt to equity). Dividend is not well covered by earnings (99% payout ratio).
Reported Earnings • Apr 28Full year 2024 earnings released: EPS: USh7.90 (vs USh7.42 in FY 2023)Full year 2024 results: EPS: USh7.90 (up from USh7.42 in FY 2023). Revenue: USh1.99t (up 11% from FY 2023). Net income: USh316.7b (up 6.7% from FY 2023). Profit margin: 16% (in line with FY 2023).
New Risk • Apr 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.6% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
Upcoming Dividend • Mar 28Upcoming dividend of USh2.50 per shareEligible shareholders must have bought the stock before 04 April 2025. Payment date: 28 April 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 9.1%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (5.0%).
お知らせ • Feb 20Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025, at 09:00 E. Africa Standard Time.
New Risk • Feb 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (4.0% average weekly change).
Upcoming Dividend • Dec 05Upcoming dividend of USh2.08 per shareEligible shareholders must have bought the stock before 12 December 2024. Payment date: 03 January 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Ugandan dividend payers (14%). In line with average of industry peers (5.7%).
New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 2.9% 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 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (2.9% average weekly change).
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: EPS: USh3.80. Net income: USh153.2b (up USh153.2b from 1H 2023).
Upcoming Dividend • Sep 02Upcoming dividend of USh2.15 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Ugandan dividend payers (14%). Lower than average of industry peers (5.7%).
Buy Or Sell Opportunity • Jul 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%.
Buy Or Sell Opportunity • Jun 27Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%.
New Risk • Mar 02New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 3.2% over the past year. Minor Risk High level of debt (479% net debt to equity).
Buy Or Sell Opportunity • Feb 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to USh89.58. The fair value is estimated to be USh112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last year. Earnings per share has declined by 11%.
New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 3.2% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.2% over the past year. Minor Risks High level of debt (479% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).