Buy Or Sell Opportunity • Jul 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to ৳61.80. The fair value is estimated to be ৳51.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 9.3%. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 2 independent directors (8 non-independent directors). Independent Director Maria Howlader was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공고 • Apr 21
Matin Spinning Mills PLC to Report Q3, 2026 Results on Apr 27, 2026 Matin Spinning Mills PLC announced that they will report Q3, 2026 results on Apr 27, 2026 공고 • Jan 21
Matin Spinning Mills PLC to Report Q2, 2026 Results on Jan 29, 2026 Matin Spinning Mills PLC announced that they will report Q2, 2026 results on Jan 29, 2026 공고 • Nov 03
Matin Spinning Mills PLC to Report Q1, 2026 Results on Nov 08, 2025 Matin Spinning Mills PLC announced that they will report Q1, 2026 results on Nov 08, 2025 공고 • Oct 28
Matin Spinning Mills PLC announces Annual dividend, payable on January 08, 2026 Matin Spinning Mills PLC announced Annual dividend of BDT 3.5000 per share payable on January 08, 2026, ex-date on November 16, 2025 and record date on November 13, 2025. 공고 • Oct 27
Matin Spinning Mills PLC, Annual General Meeting, Nov 13, 2025 Matin Spinning Mills PLC, Annual General Meeting, Nov 13, 2025, at 11:30 Central Asia Standard Time. 공고 • Oct 15
Matin Spinning Mills PLC to Report Fiscal Year 2025 Results on Oct 23, 2025 Matin Spinning Mills PLC announced that they will report fiscal year 2025 results on Oct 23, 2025 공고 • Apr 10
Matin Spinning Mills PLC to Report Q3, 2025 Results on Apr 19, 2025 Matin Spinning Mills PLC announced that they will report Q3, 2025 results on Apr 19, 2025 공고 • Jan 22
Matin Spinning Mills PLC to Report Q2, 2025 Results on Jan 29, 2025 Matin Spinning Mills PLC announced that they will report Q2, 2025 results on Jan 29, 2025 Upcoming Dividend • Nov 14
Upcoming dividend of ৳5.00 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 05 January 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.0%. Within top quartile of Bangladeshi dividend payers (4.5%). Higher than average of industry peers (3.3%). 공고 • Nov 09
Matin Spinning Mills PLC to Report Q1, 2025 Results on Nov 13, 2024 Matin Spinning Mills PLC announced that they will report Q1, 2025 results on Nov 13, 2024 Declared Dividend • Oct 31
Dividend of ৳5.00 announced Shareholders will receive a dividend of ৳5.00. Ex-date: 18th November 2024 Payment date: 5th January 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (205% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 128% to bring the payout ratio under control, which is more than the 5.1% EPS growth achieved over the last 5 years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳49.50, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 20x in the Luxury industry in Bangladesh. Total loss to shareholders of 11% over the past three years. Buy Or Sell Opportunity • Oct 28
Now 20% overvalued Over the last 90 days, the stock has fallen 6.9% to ৳39.20. The fair value is estimated to be ৳32.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 32%. 공고 • Oct 21
Matin Spinning Mills PLC to Report Fiscal Year 2024 Results on Oct 28, 2024 Matin Spinning Mills PLC announced that they will report fiscal year 2024 results on Oct 28, 2024 Reported Earnings • May 10
Third quarter 2024 earnings released: EPS: ৳0.98 (vs ৳0.11 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.98 (up from ৳0.11 in 3Q 2023). Revenue: ৳1.76b (up 5.3% from 3Q 2023). Net income: ৳95.6m (up ৳84.7m from 3Q 2023). Profit margin: 5.4% (up from 0.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공고 • Apr 21
Matin Spinning Mills PLC to Report Q3, 2024 Results on Apr 23, 2024 Matin Spinning Mills PLC announced that they will report Q3, 2024 results on Apr 23, 2024 Reported Earnings • Feb 11
Second quarter 2024 earnings released: EPS: ৳1.59 (vs ৳1.81 in 2Q 2023) Second quarter 2024 results: EPS: ৳1.59 (down from ৳1.81 in 2Q 2023). Revenue: ৳1.94b (down 4.9% from 2Q 2023). Net income: ৳154.7m (down 12% from 2Q 2023). Profit margin: 8.0% (down from 8.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ৳52.10, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 36x in the Luxury industry in Bangladesh. Total returns to shareholders of 75% over the past three years. 공고 • Jan 23
Matin Spinning Mills PLC to Report Q2, 2024 Results on Jan 29, 2024 Matin Spinning Mills PLC announced that they will report Q2, 2024 results on Jan 29, 2024 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 ৳63.00, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 33x in the Luxury industry in Bangladesh. Total returns to shareholders of 108% over the past three years. New Risk • Nov 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.8% net profit margin). Market cap is less than US$100m (৳7.57b market cap, or US$68.7m). Reported Earnings • Nov 11
Full year 2023 earnings released: EPS: ৳4.38 (vs ৳10.79 in FY 2022) Full year 2023 results: EPS: ৳4.38 (down from ৳10.79 in FY 2022). Revenue: ৳7.34b (up 22% from FY 2022). Net income: ৳427.1m (down 59% from FY 2022). Profit margin: 5.8% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year. 공고 • Nov 08
Matin Spinning Mills PLC to Report Q2, 2024 Results on Nov 13, 2023 Matin Spinning Mills PLC announced that they will report Q2, 2024 results on Nov 13, 2023 Upcoming Dividend • Nov 01
Upcoming dividend of ৳4.00 per share at 5.2% yield Eligible shareholders must have bought the stock before 08 November 2023. Payment date: 01 January 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Bangladeshi dividend payers (3.4%). Higher than average of industry peers (2.8%). 공고 • Oct 06
Matin Spinning Mills PLC to Report Fiscal Year 2023 Results on Oct 15, 2023 Matin Spinning Mills PLC announced that they will report fiscal year 2023 results on Oct 15, 2023 Reported Earnings • May 10
Third quarter 2023 earnings released: EPS: ৳0.11 (vs ৳2.43 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.11 (down from ৳2.43 in 3Q 2022). Revenue: ৳1.67b (up 15% from 3Q 2022). Net income: ৳10.9m (down 95% from 3Q 2022). Profit margin: 0.7% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 22
Second quarter 2023 earnings released: EPS: ৳1.81 (vs ৳2.86 in 2Q 2022) Second quarter 2023 results: EPS: ৳1.81 (down from ৳2.86 in 2Q 2022). Revenue: ৳2.03b (up 35% from 2Q 2022). Net income: ৳176.0m (down 37% from 2Q 2022). Profit margin: 8.6% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following 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. 8 non-independent directors. Independent Director Shamsul Hasan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 07
Upcoming dividend of ৳5.00 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 08 January 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (2.7%). 공고 • Oct 24
Matin Spinning Mills Limited Recommends Cash Dividend for the Year Ended on June 30, 2022 The Board of Directors of Matin Spinning Mills Limited has recommended 50% Cash dividend for the year ended June 30, 2022. 공고 • Oct 14
Matin Spinning Mills Limited to Report Fiscal Year 2022 Results on Oct 20, 2022 Matin Spinning Mills Limited announced that they will report fiscal year 2022 results on Oct 20, 2022 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to ৳79.30, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 23x in the Luxury industry in Bangladesh. Total returns to shareholders of 143% over the past three years. Reported Earnings • Apr 27
Third quarter 2022 earnings released: EPS: ৳2.43 (vs ৳1.92 in 3Q 2021) Third quarter 2022 results: EPS: ৳2.43 (up from ৳1.92 in 3Q 2021). Revenue: ৳1.45b (up 16% from 3Q 2021). Net income: ৳237.3m (up 27% from 3Q 2021). Profit margin: 16% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 02
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: ৳2.86 (up from ৳1.25 in 2Q 2021). Revenue: ৳1.50b (up 33% from 2Q 2021). Net income: ৳278.8m (up 128% from 2Q 2021). Profit margin: 19% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improved over the past week After last week's 16% share price gain to ৳76.10, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 26x in the Luxury industry in Bangladesh. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Nov 11
Upcoming dividend of ৳4.00 per share Eligible shareholders must have bought the stock before 18 November 2021. Payment date: 12 January 2022. Trailing yield: 5.9%. Within top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 08
Full year 2021 earnings released: EPS ৳6.31 (vs ৳2.16 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ৳5.02b (up 29% from FY 2020). Net income: ৳615.5m (up 193% from FY 2020). Profit margin: 12% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% 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 • Oct 31
Investor sentiment improved over the past week After last week's 16% share price gain to ৳68.30, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 66x in the Luxury industry in Bangladesh. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to ৳61.60, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 49x in the Luxury industry in Bangladesh. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 02
Second quarter 2021 earnings released: EPS ৳1.25 (vs ৳0.63 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ৳1.13b (down 3.5% from 2Q 2020). Net income: ৳122.1m (up 99% from 2Q 2020). Profit margin: 11% (up from 5.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day low: ৳33.10 The company is down 4.0% from its price of ৳34.50 on 01 October 2020. The Bangladeshi market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also down 4.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: ৳38.40 The company is up 12% from its price of ৳34.30 on 27 August 2020. The Bangladeshi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 4.0% over the same period. Upcoming Dividend • Nov 22
Upcoming Dividend of ৳1.80 Per Share Will be paid on the 13th of January to those who are registered shareholders by the 29th of November. The trailing yield of 5.0% is in the top quartile of Bangladeshi dividend payers (3.8%), and it is higher than industry peers (2.6%). 공고 • Nov 03
Matin Spinning Mills Limited, Annual General Meeting, Dec 14, 2020 Matin Spinning Mills Limited, Annual General Meeting, Dec 14, 2020, at 11:00 Bangladesh Standard Time. Is New 90 Day High Low • Nov 02
New 90-day high: ৳36.80 The company is up 10.0% from its price of ৳33.50 on 04 August 2020. The Bangladeshi market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 5.0% over the same period.