Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). MD & Director Tarafder Md. Amin was the last director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 11
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 29 January 2025. Trailing yield: 8.1%. Within top quartile of Bangladeshi dividend payers (4.5%). Higher than average of industry peers (2.0%). Buy Or Sell Opportunity • Nov 05
Now 24% overvalued Over the last 90 days, the stock has fallen 37% to ৳13.10. The fair value is estimated to be ৳10.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. 공시 • Oct 28
Saif Powertec Limited, Annual General Meeting, Dec 30, 2024 Saif Powertec Limited, Annual General Meeting, Dec 30, 2024, at 11:00 Central Asia Standard Time. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ৳23.30, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 15% over the past three years. New Risk • May 07
New major risk - Financial data availability The 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). Interest payments are not well covered by earnings (1.4x net interest cover). Revenue has declined by 16% over the past year. 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 (7.2% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (৳8.16b market cap, or US$74.3m). Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ৳21.50, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 18x in the Commercial Services industry in Asia. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳24.30, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ৳24.20, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 18x in the Commercial Services industry in Asia. Total returns to shareholders of 28% over the past three years. New Risk • Jan 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳10.2b (US$92.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Interest payments are not well covered by earnings (1.4x net interest cover). Revenue has declined by 16% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.8% net profit margin). Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (৳10.2b market cap, or US$92.7m). Reported Earnings • May 07
First quarter 2023 earnings released: EPS: ৳0.15 (vs ৳0.49 in 1Q 2022) First quarter 2023 results: EPS: ৳0.15 (down from ৳0.49 in 1Q 2022). Revenue: ৳1.04b (down 8.7% from 1Q 2022). Net income: ৳57.6m (down 69% from 1Q 2022). Profit margin: 5.5% (down from 16% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Dec 28
Full year 2022 earnings released: EPS: ৳1.32 (vs ৳1.64 in FY 2021) Full year 2022 results: EPS: ৳1.32 (down from ৳1.64 in FY 2021). Revenue: ৳4.23b (down 12% from FY 2021). Net income: ৳526.5m (down 15% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jalal Uddin Chaudhury was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Nov 01
Saif Powertec Limited Recommends Cash Dividend for the Year Ended on June 30, 2021 The Board of Directors of Saif Powertec Limited has recommended 10% Cash dividend for the year ended June 30, 2022. Date of AGM: December 29, 2022. Record Date: November 17, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jalal Uddin Chaudhury was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 14
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 21 November 2021. Payment date: 30 January 2022. Trailing yield: 2.2%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 17% share price gain to ৳45.00, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 18x in the Commercial Services industry in Asia. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 16% share price gain to ৳44.30, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 19x in the Commercial Services industry in Asia. Total returns to shareholders of 119% over the past three years. Reported Earnings • Jul 02
Third quarter 2021 earnings released: EPS ৳0.09 (vs ৳0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ৳858.0m (up 20% from 3Q 2020). Net income: ৳33.3m (down 32% from 3Q 2020). Profit margin: 3.9% (down from 6.8% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improved over the past week After last week's 20% share price gain to ৳25.20, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 18x in the Commercial Services industry in Asia. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 18% share price gain to ৳20.70, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21x. This compares to an average P/E of 18x in the Commercial Services industry in Asia. Total return to shareholders over the past three years is a loss of 6.1%. Reported Earnings • Feb 07
Second quarter 2021 earnings released: EPS ৳0.29 (vs ৳0.35 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ৳885.0m (down 23% from 2Q 2020). Net income: ৳102.3m (down 19% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 15% share price gain to ৳25.60, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 17x in the Commercial Services industry in Asia. Total returns to shareholders over the past three years are 4.2%. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 19% share price gain to ৳24.60, the stock is trading at a trailing P/E ratio of 18.7x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 17x in the Commercial Services industry in Asia. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Jan 11
New 90-day high: ৳22.40 The company is up 67% from its price of ৳13.43 on 13 October 2020. The Bangladeshi market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 23% share price gain to ৳22.20, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 17x in the Commercial Services industry in Asia. Total return to shareholders over the past three years is a loss of 12%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 25% share price gain to ৳19.80, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12x. This compares to an average P/E of 18x in the Commercial Services industry in Asia. Total return to shareholders over the past three years is a loss of 23%. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 21% share price gain to ৳17.30, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 10.9x. This compares to an average P/E of 17x in the Commercial Services industry in Asia. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Dec 28
New 90-day high: ৳16.10 The company is up 14% from its price of ৳14.10 on 29 September 2020. The Bangladeshi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 13
New 90-day high: ৳15.80 The company is up 2.0% from its price of ৳15.43 on 13 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ৳15.80 The company is up 7.0% from its price of ৳14.76 on 10 September 2020. The Bangladeshi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. Reported Earnings • Dec 05
Third quarter 2020 earnings released: EPS ৳0.13 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ৳713.2m (down 26% from 3Q 2019). Net income: ৳48.8m (down 61% from 3Q 2019). Profit margin: 6.8% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year. 공시 • Nov 12
Saif Powertec Limited, Annual General Meeting, Dec 29, 2020 Saif Powertec Limited, Annual General Meeting, Dec 29, 2020, at 11:00 Bangladesh Standard Time. Agenda: To consider to recommend 5% cash and 5% stock dividend for the year ended on June 30, 2020. 공시 • Oct 05
Saif Powertec Limited to Report Q3, 2020 Results on Aug 24, 2020 Saif Powertec Limited announced that they will report Q3, 2020 results on Aug 24, 2020 
