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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . 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 20
Mailpac Group Limited, Annual General Meeting, Nov 19, 2025 Mailpac Group Limited, Annual General Meeting, Nov 19, 2025. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JA$0.05 (vs JA$0.03 in 3Q 2023) Third quarter 2024 results: EPS: JA$0.05 (up from JA$0.03 in 3Q 2023). Revenue: JA$732.0m (up 83% from 3Q 2023). Net income: JA$114.0m (up 66% from 3Q 2023). Profit margin: 16% (down from 17% 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 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JA$2.80, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 17x in the Logistics industry globally. Total loss to shareholders of 17% over the past three years. 공시 • Oct 29
Mailpac Group Limited, Annual General Meeting, Nov 13, 2024 Mailpac Group Limited, Annual General Meeting, Nov 13, 2024. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$2.70, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 19x in the Logistics industry globally. Total loss to shareholders of 20% over the past three years. New Risk • Aug 17
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: 10% Last year net profit margin: 18% 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: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (261% cash payout ratio). Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (JA$5.25b market cap, or US$33.4m). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$2.31, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 16x in the Logistics industry globally. Total loss to shareholders of 31% over the past three years. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: JA$0.02 (vs JA$0.024 in 1Q 2023) First quarter 2024 results: EPS: JA$0.02 (down from JA$0.024 in 1Q 2023). Revenue: JA$368.5m (down 7.4% from 1Q 2023). Net income: JA$50.1m (down 17% from 1Q 2023). Profit margin: 14% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: JA$0.10 (vs JA$0.12 in FY 2022) Full year 2023 results: EPS: JA$0.10 (down from JA$0.12 in FY 2022). Revenue: JA$1.67b (flat on FY 2022). Net income: JA$260.1m (down 16% from FY 2022). Profit margin: 16% (down from 18% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: JA$0.10 (vs JA$0.12 in FY 2022) Full year 2023 results: EPS: JA$0.10 (down from JA$0.12 in FY 2022). Revenue: JA$1.67b (flat on FY 2022). Net income: JA$260.1m (down 16% from FY 2022). Profit margin: 16% (down from 18% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JA$2.38, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Logistics industry globally. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$2.37, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Logistics industry globally. Total returns to shareholders of 41% over the past three years. New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (116% cash payout ratio). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (JA$4.65b market cap, or US$30.3m). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: JA$0.03 (vs JA$0.03 in 2Q 2022) Second quarter 2023 results: EPS: JA$0.03 (in line with 2Q 2022). Revenue: JA$406.1m (flat on 2Q 2022). Net income: JA$74.4m (down 8.5% from 2Q 2022). Profit margin: 18% (down from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JA$2.14, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 14x in the Logistics industry globally. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$2.00, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Logistics industry globally. Total returns to shareholders of 31% over the past three years. 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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 JA$2.60, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 14x in the Logistics industry globally. Total loss to shareholders of 24% over the past year. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS JA$0.03 (vs JA$0.06 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JA$422.0m (down 11% from 3Q 2020). Net income: JA$87.1m (down 42% from 3Q 2020). Profit margin: 21% (down from 31% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS JA$0.04 (vs JA$0.06 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JA$426.1m (down 11% from 2Q 2020). Net income: JA$95.0m (down 36% from 2Q 2020). Profit margin: 22% (down from 31% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Upcoming Dividend • May 25
Upcoming dividend of JA$0.05 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 15 June 2021. Trailing yield: 3.2%. Within top quartile of Jamaican dividend payers (2.9%). Higher than average of industry peers (1.5%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS JA$0.04 (vs JA$0.066 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JA$470.0m (down 21% from 1Q 2020). Net income: JA$103.4m (down 27% from 1Q 2020). Profit margin: 22% (down from 24% in 1Q 2020). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Jan 30
New 90-day high: JA$3.97 The company is up 99% from its price of JA$1.99 on 30 October 2020. The Jamaican market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: JA$2.88 The company is up 44% from its price of JA$2.00 on 02 October 2020. The Jamaican market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: JA$2.25 The company is up 13% from its price of JA$2.00 on 10 September 2020. The Jamaican market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: JA$2.21 The company is up 6.0% from its price of JA$2.08 on 14 August 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 10
New 90-day low: JA$1.95 The company is down 3.0% from its price of JA$2.01 on 10 July 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 28% over the same period.