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. 3 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Faheemul Huq was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공고 • Jan 23
Shinepukur Ceramics Limited to Report Q2, 2025 Results on Jan 28, 2025 Shinepukur Ceramics Limited announced that they will report Q2, 2025 results on Jan 28, 2025 New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Dividend is not well covered by earnings (169% payout ratio). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (৳2.09b market cap, or US$17.4m). 공고 • Nov 09
Shinepukur Ceramics Limited to Report Q1, 2025 Results on Nov 13, 2024 Shinepukur Ceramics Limited announced that they will report Q1, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳10.10, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total loss to shareholders of 69% over the past three years. 공고 • Oct 23
Shinepukur Ceramics Limited to Report Fiscal Year 2024 Results on Oct 28, 2024 Shinepukur Ceramics Limited announced that they will report fiscal year 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ৳13.90, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 38x in the Consumer Durables industry in Bangladesh. Total loss to shareholders of 60% over the past three years. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 7.6% 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 (169% payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (৳2.47b market cap, or US$20.6m). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳16.80, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 42x in the Consumer Durables industry in Bangladesh. Total loss to shareholders of 53% over the past three years. New Risk • Aug 09
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 169% Dividend yield: 1.0% 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: Minor Risks Dividend is not well covered by earnings (169% payout ratio). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (৳4.22b market cap, or US$35.8m). Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳0.096 (vs ৳0.06 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.096 (up from ৳0.06 in 3Q 2023). Revenue: ৳515.6m (down 4.2% from 3Q 2023). Net income: ৳14.1m (up 60% from 3Q 2023). Profit margin: 2.7% (up from 1.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 공고 • Apr 24
Shinepukur Ceramics Limited to Report Q3, 2024 Results on Apr 29, 2024 Shinepukur Ceramics Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Jan 31
Second quarter 2024 earnings released: EPS: ৳0.013 (vs ৳0.15 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.013 (down from ৳0.15 in 2Q 2023). Revenue: ৳443.4m (down 9.4% from 2Q 2023). Net income: ৳1.87m (down 91% from 2Q 2023). Profit margin: 0.4% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. 공고 • Jan 22
Shinepukur Ceramics Limited to Report Q2, 2024 Results on Jan 29, 2024 Shinepukur Ceramics Limited announced that they will report Q2, 2024 results on Jan 29, 2024 New Risk • Dec 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (৳6.32b market cap, or US$57.6m). New Risk • Nov 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (৳6.32b market cap, or US$57.1m). Upcoming Dividend • Nov 07
Upcoming dividend of ৳0.30 per share at 0.7% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 28 January 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Bangladeshi dividend payers (3.3%). Lower than average of industry peers (2.7%). 공고 • Oct 30
Shinepukur Ceramics Limited to Report Q1, 2024 Results on Nov 05, 2023 Shinepukur Ceramics Limited announced that they will report Q1, 2024 results on Nov 05, 2023 공고 • Oct 24
Shinepukur Ceramics Limited, Annual General Meeting, Dec 28, 2023 Shinepukur Ceramics Limited, Annual General Meeting, Dec 28, 2023, at 11:30 Bangladesh Standard Time. Agenda: To consider dividend declaration. 공고 • Oct 23
Shinepukur Ceramics Limited Recommends Cash Dividend for the Year Ended June 30, 2023 The Board of Directors of Shinepukur Ceramics Limited has recommended 3% cash dividend for the year ended June 30, 2023. 공고 • Oct 13
Shinepukur Ceramics Limited to Report Fiscal Year 2023 Results on Oct 19, 2023 Shinepukur Ceramics Limited announced that they will report fiscal year 2023 results on Oct 19, 2023 Reported Earnings • May 14
Third quarter 2023 earnings released: EPS: ৳0.06 (vs ৳0.17 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.06 (down from ৳0.17 in 3Q 2022). Revenue: ৳538.5m (up 8.4% from 3Q 2022). Net income: ৳8.84m (down 65% from 3Q 2022). Profit margin: 1.6% (down from 5.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 01
Second quarter 2023 earnings released: EPS: ৳0.15 (vs ৳0.081 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.15 (up from ৳0.081 in 2Q 2022). Revenue: ৳489.5m (up 23% from 2Q 2022). Net income: ৳21.6m (up 81% from 2Q 2022). Profit margin: 4.4% (up from 3.0% in 2Q 2022). 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 increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 23
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ৳56.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 21%. 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. 3 experienced directors. 3 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Faheemul Huq was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공고 • Nov 01
Shinepukur Ceramics Limited Recommends 3% Cash Dividend for the Year Ended June 30, 2022 Shinepukur Ceramics Limited announced that the board of directors has recommended 3% cash dividend for the year ended June 30, 2022. Date of AGM is December 22, 2022. Record date is November 21, 2022. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improved over the past week After last week's 21% share price gain to ৳34.20, the stock trades at a trailing P/E ratio of 76.6x. Average trailing P/E is 39x in the Consumer Durables industry in Bangladesh. Total returns to shareholders of 156% over the past three years. Reported Earnings • May 02
Third quarter 2022 earnings released: EPS: ৳0.17 (vs ৳0.04 in 3Q 2021) Third quarter 2022 results: EPS: ৳0.17 (up from ৳0.04 in 3Q 2021). Revenue: ৳496.8m (up 43% from 3Q 2021). Net income: ৳25.1m (up 326% from 3Q 2021). Profit margin: 5.1% (up from 1.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. 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. 3 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Faheemul Huq was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 05
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: ৳0.081 (up from ৳0.047 in 2Q 2021). Revenue: ৳399.7m (up 20% from 2Q 2021). Net income: ৳12.0m (up 75% from 2Q 2021). Profit margin: 3.0% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 16
Upcoming dividend of ৳0.25 per share Eligible shareholders must have bought the stock before 23 November 2021. Payment date: 23 January 2022. Trailing yield: 0.7%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (2.1%). Reported Earnings • May 10
Third quarter 2021 earnings released: EPS ৳0.04 (vs ৳0.079 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ৳346.4m (up 35% from 3Q 2020). Net income: ৳5.90m (down 49% from 3Q 2020). Profit margin: 1.7% (down from 4.5% 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 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Second quarter 2021 earnings released: EPS ৳0.047 (vs ৳0.04 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: ৳332.2m (down 5.1% from 2Q 2020). Net income: ৳6.84m (up 15% from 2Q 2020). Profit margin: 2.1% (up from 1.7% 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 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ৳20.20, the stock is trading at a trailing P/E ratio of 79.9x, down from the previous P/E ratio of 98.8x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total return to shareholders over the past three years is a loss of 4.2%. Is New 90 Day High Low • Feb 10
New 90-day low: ৳20.20 The company is down 20% from its price of ৳25.40 on 11 November 2020. The Bangladeshi market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: ৳28.60 The company is up 66% from its price of ৳17.20 on 24 September 2020. The Bangladeshi market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 134% over the same period. Upcoming Dividend • Nov 19
Upcoming Dividend of ৳0.20 Per Share Will be paid on the 18th of January to those who are registered shareholders by the 26th of November. The trailing yield of 0.9% is below the top quartile of Bangladeshi dividend payers (3.7%), and is lower than industry peers (1.6%). Valuation Update With 7 Day Price Move • Nov 02
Market bids up stock over the past week After last week's 33% share price gain to ৳20.00, the stock is trading at a trailing P/E ratio of 72x, up from the previous P/E ratio of 54x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Nov 02
New 90-day high: ৳20.00 The company is up 150% from its price of ৳8.00 on 04 August 2020. The Bangladeshi market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 15% over the same period. 공고 • Jul 17
Shinepukur Ceramics Limited to Report Q3, 2020 Results on Jun 22, 2020 Shinepukur Ceramics Limited announced that they will report Q3, 2020 results on Jun 22, 2020