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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 17
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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 302% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (৳1.11b market cap, or US$9.26m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Profit margins are more than 30% lower than last year (0.3% net profit margin). 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 ৳9.70, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 33x in the Metals and Mining industry in Bangladesh. Total loss to shareholders of 70% over the past three years. New Risk • Sep 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.19b (US$9.95m) This is considered a major 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 (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 302% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (৳1.19b market cap, or US$9.95m). Minor Risk Profit margins are more than 30% lower than last year (0.3% net profit margin). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳1.43b market cap, or US$11.9m). 공시 • May 08
S. Alam Cold Rolled Steels Limited Approves the Appointment of Al-Mamun as the Company Secretary S. Alam Cold Rolled Steels Limited has informed that the Board of Directors has approved the appointment of Mr. Al-Mamun, ACS as the Company Secretary of the Company. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳0.19 (vs ৳0.31 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.19 (down from ৳0.31 in 3Q 2023). Revenue: ৳1.65b (down 24% from 3Q 2023). Net income: ৳18.5m (down 39% from 3Q 2023). Profit margin: 1.1% (down from 1.4% in 3Q 2023). The decrease in margin was driven by lower 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 2% per year, which means it is well ahead of earnings. 공시 • Apr 26
S. Alam Cold Rolled Steels Limited to Report Q3, 2024 Results on Apr 29, 2024 S. Alam Cold Rolled Steels Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Feb 07
Second quarter 2024 earnings released: EPS: ৳0.06 (vs ৳0.18 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.06 (down from ৳0.18 in 2Q 2023). Revenue: ৳1.16b (down 22% from 2Q 2023). Net income: ৳6.12m (down 65% from 2Q 2023). Profit margin: 0.5% (down from 1.2% 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 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳28.40, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 48x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 46% 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 ৳27.00, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 51x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 32% over the past three years. Board Change • Jan 11
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 03
Upcoming dividend of ৳0.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 10 December 2023. Payment date: 22 February 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.4%). New Risk • Nov 19
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: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Shares are highly illiquid. Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (৳3.28b market cap, or US$29.6m). 공시 • Nov 02
S. Alam Cold Rolled Steels Limited Recommends Cash Dividend for the Year Ended June 30, 2023 S. Alam Cold Rolled Steels Limited recommended 5% Cash Dividend for the year ended June 30, 2023. Record date December 7, 2023. Date of AGM is January 23, 2024. Board Change • Nov 01
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 24
S. Alam Cold Rolled Steels Limited to Report Fiscal Year 2023 Results on Oct 31, 2023 S. Alam Cold Rolled Steels Limited announced that they will report fiscal year 2023 results on Oct 31, 2023 Board Change • Oct 04
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 14
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 09
Third quarter 2023 earnings released: EPS: ৳0.31 (vs ৳0.40 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.31 (down from ৳0.40 in 3Q 2022). Revenue: ৳2.17b (up 39% from 3Q 2022). Net income: ৳30.3m (down 24% from 3Q 2022). Profit margin: 1.4% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Board Change • May 09
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 17
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
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. 4 non-independent directors. Independent Director Hasan Iqbal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 03
Second quarter 2023 earnings released: EPS: ৳0.18 (vs ৳0.027 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.18 (up from ৳0.027 in 2Q 2022). Revenue: ৳1.49b (up 157% from 2Q 2022). Net income: ৳17.5m (up ৳14.8m from 2Q 2022). Profit margin: 1.2% (up from 0.5% 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 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 20
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 27 November 2022. Payment date: 08 February 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.9%). Board Change • Nov 17
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. 5 non-independent directors. Independent Director Md. Islam 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. 공시 • Nov 01
S. Alam Cold Rolled Steels Limited Recommends Cash Dividend for the Year Ended on June 30, 2022 S. Alam Cold Rolled Steels Limited announced that its board of directors has recommended 5% cash dividend for the year ended on June 30, 2022. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 23% share price gain to ৳30.00, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 23x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 22% over the past three years. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Md. Islam 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 • Mar 13
Investor sentiment improved over the past week After last week's 15% share price gain to ৳26.60, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 17x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 5.0% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to ৳30.50, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 18x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 8.1% over the past three years. Upcoming Dividend • Nov 21
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 28 November 2021. Payment date: 14 February 2022. Trailing yield: 3.7%. Within top quartile of Bangladeshi dividend payers (2.9%). In line with average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to ৳36.30, the stock trades at a trailing P/E ratio of 62.9x. Average trailing P/E is 26x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 20% share price gain to ৳27.20, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 24x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 1.5% over the past three years. Is New 90 Day High Low • Jan 04
New 90-day high: ৳22.70 The company is up 8.0% from its price of ৳21.10 on 06 October 2020. The Bangladeshi market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ৳19.60 The company is down 8.0% from its price of ৳21.20 on 27 August 2020. The Bangladeshi market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period. 공시 • Jun 21
S. Alam Cold Rolled Steels Limited to Report Q3, 2020 Results on Jun 23, 2020 S. Alam Cold Rolled Steels Limited announced that they will report Q3, 2020 results on Jun 23, 2020