Declared Dividend • Apr 16
Dividend increased to د.أ0.18 Dividend of د.أ0.18 is 44% higher than last year. Ex-date: 29th April 2026 Payment date: 1st January 1970 Dividend yield will be 6.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Apr 15
Afaq For Energy Co. P.L.C, Annual General Meeting, Apr 28, 2026 Afaq For Energy Co. P.L.C, Annual General Meeting, Apr 28, 2026. Location: amman Jordan Board Change • Mar 30
No independent directors 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. 1 highly experienced director. No independent directors (7 non-independent directors). Vice Chairman of the Board & GM Yaser Salem Al Manaseer was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: د.أ260.8m (flat on 3Q 2024). Net income: د.أ6.29m (down 2.2% from 3Q 2024). Profit margin: 2.4% (down from 2.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: د.أ243.7m (down 1.5% from 2Q 2024). Net income: د.أ3.88m (up 41% from 2Q 2024). Profit margin: 1.6% (up from 1.1% in 2Q 2024). The increase in margin was driven by lower expenses. Buy Or Sell Opportunity • Jun 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to د.أ1.74. The fair value is estimated to be د.أ1.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Buy Or Sell Opportunity • May 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to د.أ1.69. The fair value is estimated to be د.أ1.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: د.أ0.051 (vs د.أ0.028 in 1Q 2024) First quarter 2025 results: EPS: د.أ0.051 (up from د.أ0.028 in 1Q 2024). Revenue: د.أ247.6m (down 4.7% from 1Q 2024). Net income: د.أ5.58m (up 83% from 1Q 2024). Profit margin: 2.3% (up from 1.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Apr 16
Dividend increased to د.أ0.13 Dividend of د.أ0.13 is 25% higher than last year. Ex-date: 29th April 2025 Payment date: 1st January 1970 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (14% 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 3.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Apr 14
Afaq For Energy Co. P.L.C, Annual General Meeting, Apr 28, 2025 Afaq For Energy Co. P.L.C, Annual General Meeting, Apr 28, 2025. Location: amman Jordan Board Change • Apr 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). GM & Director Yaser Salem Al Manaseer was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
Full year 2024 earnings released: EPS: د.أ0.16 (vs د.أ0.20 in FY 2023) Full year 2024 results: EPS: د.أ0.16 (down from د.أ0.20 in FY 2023). Revenue: د.أ1.02b (down 7.8% from FY 2023). Net income: د.أ17.8m (down 21% from FY 2023). Profit margin: 1.7% (down from 2.0% in FY 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 only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: د.أ0.059 (vs د.أ0.05 in 3Q 2023) Third quarter 2024 results: EPS: د.أ0.059 (up from د.أ0.05 in 3Q 2023). Revenue: د.أ259.3m (down 8.4% from 3Q 2023). Net income: د.أ6.44m (up 17% from 3Q 2023). Profit margin: 2.5% (up from 1.9% 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 1% per year, which means it is well ahead of earnings. New Risk • Apr 07
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: د.أ0.20 (vs د.أ0.29 in FY 2022) Full year 2023 results: EPS: د.أ0.20 (down from د.أ0.29 in FY 2022). Revenue: د.أ1.11b (up 2.9% from FY 2022). Net income: د.أ22.4m (down 29% from FY 2022). Profit margin: 2.0% (down from 2.9% 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 47% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: د.أ0.29 (vs د.أ0.21 in FY 2021) Full year 2022 results: EPS: د.أ0.29 (up from د.أ0.21 in FY 2021). Revenue: د.أ1.07b (up 29% from FY 2021). Net income: د.أ31.5m (up 36% from FY 2021). Profit margin: 2.9% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.أ2.58, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 13x in the Specialty Retail industry in Asia. Total returns to shareholders of 159% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). General Manager and Director Yaser Salem Al Manaseer was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 21% share price gain to د.أ1.87, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 54% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). General Manager and Director Yaser Salem Al Manaseer was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Dec 31
New 90-day high: د.أ1.07 The company is up 5.0% from its price of د.أ1.02 on 30 September 2020. The Jordanian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: د.أ1.04 The company is up 4.0% from its price of د.أ1.00 on 27 August 2020. The Jordanian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 8.0% over the same period.