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. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairperson Anis Ahmad was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 13
Shahjibazar Power Company Limited to Report Q3, 2026 Results on Apr 20, 2026 Shahjibazar Power Company Limited announced that they will report Q3, 2026 results on Apr 20, 2026 공시 • Jan 20
Shahjibazar Power Company Limited to Report Q2, 2026 Results on Jan 25, 2026 Shahjibazar Power Company Limited announced that they will report Q2, 2026 results on Jan 25, 2026 공시 • Nov 07
Shahjibazar Power Company Limited to Report Q1, 2026 Results on Nov 12, 2025 Shahjibazar Power Company Limited announced that they will report Q1, 2026 results on Nov 12, 2025 공시 • Oct 29
Shahjibazar Power Company Limited announces Annual dividend, payable on February 15, 2026 Shahjibazar Power Company Limited announced Annual dividend of BDT 2.0000 per share payable on February 15, 2026, ex-date on December 04, 2025 and record date on December 03, 2025. 공시 • Oct 28
Shahjibazar Power Company Limited, Annual General Meeting, Dec 03, 2025 Shahjibazar Power Company Limited, Annual General Meeting, Dec 03, 2025, at 11:00 Central Asia Standard Time. 공시 • Oct 21
Shahjibazar Power Company Limited to Report Fiscal Year 2025 Results on Oct 27, 2025 Shahjibazar Power Company Limited announced that they will report fiscal year 2025 results on Oct 27, 2025 공시 • Apr 23
Shahjibazar Power Company Limited to Report Q3, 2025 Results on Apr 28, 2025 Shahjibazar Power Company Limited announced that they will report Q3, 2025 results on Apr 28, 2025 공시 • Jan 22
Shahjibazar Power Company Limited to Report Q2, 2025 Results on Jan 27, 2025 Shahjibazar Power Company Limited announced that they will report Q2, 2025 results on Jan 27, 2025 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ৳43.00, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 8x in the Renewable Energy industry in Bangladesh. Total loss to shareholders of 55% over the past three years. 공시 • Nov 08
Shahjibazar Power Company Limited to Report Q1, 2025 Results on Nov 13, 2024 Shahjibazar Power Company Limited announced that they will report Q1, 2025 results on Nov 13, 2024 New Risk • Nov 07
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 8.5% 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 2.4% per year over the past 5 years. 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 (8.5% average weekly change). Market cap is less than US$100m (৳7.33b market cap, or US$61.1m). Declared Dividend • Oct 30
Dividend of ৳1.20 announced Shareholders will receive a dividend of ৳1.20. Ex-date: 3rd December 2024 Payment date: 26th February 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Oct 21
Shahjibazar Power Company Limited to Report Fiscal Year 2024 Results on Oct 27, 2024 Shahjibazar Power Company Limited announced that they will report fiscal year 2024 results on Oct 27, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ৳42.80, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 9x in the Renewable Energy industry in Bangladesh. Total loss to shareholders of 60% over the past three years. New Risk • Aug 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.0b (US$92.2m) 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 Risk Earnings have declined by 2.4% per year over the past 5 years. 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 (৳11.0b market cap, or US$92.2m). Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳2.22 (vs ৳1.39 in 3Q 2023) Third quarter 2024 results: EPS: ৳2.22 (up from ৳1.39 in 3Q 2023). Revenue: ৳5.78b (up 112% from 3Q 2023). Net income: ৳414.2m (up 59% from 3Q 2023). Profit margin: 7.2% (down from 9.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 공시 • Apr 26
Shahjibazar Power Company Limited to Report Q3, 2024 Results on Apr 29, 2024 Shahjibazar Power Company Limited announced that they will report Q3, 2024 results on Apr 29, 2024 New Risk • Jan 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (140% cash payout ratio). Reported Earnings • Jan 31
Second quarter 2024 earnings released: EPS: ৳1.77 (vs ৳1.33 loss in 2Q 2023) Second quarter 2024 results: EPS: ৳1.77 (up from ৳1.33 loss in 2Q 2023). Revenue: ৳3.07b (up 40% from 2Q 2023). Net income: ৳331.1m (up ৳579.3m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 공시 • Jan 24
Shahjibazar Power Company Limited to Report Q2, 2024 Results on Jan 29, 2024 Shahjibazar Power Company Limited announced that they will report Q2, 2024 results on Jan 29, 2024 Upcoming Dividend • Nov 27
Upcoming dividend of ৳1.10 per share at 1.7% yield Eligible shareholders must have bought the stock before 04 December 2023. Payment date: 08 February 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (3.6%). Reported Earnings • Nov 14
Full year 2023 earnings released: EPS: ৳1.52 (vs ৳4.14 in FY 2022) Full year 2023 results: EPS: ৳1.52 (down from ৳4.14 in FY 2022). Revenue: ৳9.39b (up 30% from FY 2022). Net income: ৳283.5m (down 63% from FY 2022). Profit margin: 3.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Oct 30
Shahjibazar Power Company Limited, Annual General Meeting, Jan 09, 2024 Shahjibazar Power Company Limited, Annual General Meeting, Jan 09, 2024, at 11:00 Bangladesh Standard Time. 공시 • Oct 20
Shahjibazar Power Company Limited to Report Fiscal Year 2023 Results on Oct 26, 2023 Shahjibazar Power Company Limited announced that they will report fiscal year 2023 results on Oct 26, 2023 Reported Earnings • May 04
Third quarter 2023 earnings released: EPS: ৳1.39 (vs ৳2.41 in 3Q 2022) Third quarter 2023 results: EPS: ৳1.39 (down from ৳2.41 in 3Q 2022). Revenue: ৳2.72b (up 51% from 3Q 2022). Net income: ৳260.3m (down 42% from 3Q 2022). Profit margin: 9.6% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 12
Second quarter 2023 earnings released: ৳1.38 loss per share (vs ৳1.14 profit in 2Q 2022) Second quarter 2023 results: ৳1.38 loss per share (down from ৳1.14 profit in 2Q 2022). Revenue: ৳2.20b (up 28% from 2Q 2022). Net loss: ৳248.2m (down 221% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Nov 27
Upcoming dividend of ৳1.60 per share Eligible shareholders must have bought the stock before 04 December 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (6.2%). Reported Earnings • Nov 20
First quarter 2023 earnings released: EPS: ৳0.43 (vs ৳2.05 in 1Q 2022) First quarter 2023 results: EPS: ৳0.43 (down from ৳2.05 in 1Q 2022). Revenue: ৳1.18b (down 45% from 1Q 2022). Net income: ৳78.0m (down 79% from 1Q 2022). Profit margin: 6.6% (down from 17% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairperson Anis Ahmad was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Oct 31
Shahjibazar Power Company Limited Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Shahjibazar Power Company Limited has recommended 16% cash dividend for the year ended June 30, 2022. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to ৳101, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 9x in the Renewable Energy industry in Bangladesh. Total returns to shareholders of 56% over the past three years. 공시 • Sep 08
Shahjibazar Power Company Limited Announces the Demise of Rezakul Haider, One of the Sponsors and Chairman of the Company Shahjibazar Power Company Limited announced that Mr. Rezakul Haider, one of the Sponsors and Chairman of the company passed away on April 23, 2021. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to ৳80.70, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 9x in the Renewable Energy industry in Bangladesh. Total returns to shareholders of 24% over the past three years. Buying Opportunity • Aug 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be ৳89.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 26%. Buying Opportunity • Aug 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be ৳89.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 26%. Buying Opportunity • Jul 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be ৳89.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 26%. Board Change • Apr 27
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 not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairperson Anis Ahmad was the last director to join the board, commencing their role in 2021. 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 • Jan 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ৳6.53 (up from ৳4.21 in FY 2020). Revenue: ৳9.15b (up 45% from FY 2020). Net income: ৳1.13b (up 49% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 28
Upcoming dividend of ৳2.80 per share Eligible shareholders must have bought the stock before 05 December 2021. Payment date: 01 March 2022. Trailing yield: 2.9%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (6.3%). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 17% share price gain to ৳126, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 17x in the Renewable Energy industry in Bangladesh. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to ৳89.70, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 13x in the Renewable Energy industry in Bangladesh. Total returns to shareholders of 15% over the past three years. Reported Earnings • Jun 11
Third quarter 2021 earnings released: EPS ৳1.56 (vs ৳1.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ৳2.27b (up 35% from 3Q 2020). Net income: ৳258.9m (up 30% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day high: ৳83.40 The company is up 16% from its price of ৳72.00 on 10 December 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 15% share price gain to ৳83.40, the stock is trading at a trailing P/E ratio of 15.8x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 15x in the Renewable Energy industry in Bangladesh. Total returns to shareholders over the past three years are 7.6%. Reported Earnings • Feb 01
Second quarter 2021 earnings released: EPS ৳1.66 (vs ৳1.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ৳2.27b (up 40% from 2Q 2020). Net income: ৳273.0m (up 34% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ৳74.30 The company is up 4.0% from its price of ৳71.27 on 06 October 2020. The Bangladeshi market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is down 4.0% over the same period. Reported Earnings • Nov 18
First quarter 2021 earnings released: EPS ৳1.48 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳2.32b (up 29% from 1Q 2020). Net income: ৳249.9m (up 52% from 1Q 2020). Profit margin: 11% (up from 9.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공시 • Jun 21
Shahjibazar Power Company Limited to Report Q3, 2020 Results on Jun 22, 2020 Shahjibazar Power Company Limited announced that they will report Q3, 2020 results on Jun 22, 2020