View ValuationLucky Core Industries 향후 성장Future 기준 점검 0/6Lucky Core Industries 의 EPS는 21.8% 만큼 성장할 것으로 예상됩니다.핵심 정보n/a이익 성장률21.83%EPS 성장률Chemicals 이익 성장26.2%매출 성장률n/a향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트n/a최근 향후 성장 업데이트Price Target Changed • May 14Price target decreased by 12% to PK₨883Down from PK₨1,007, the current price target is an average from 2 analysts. New target price is 48% above last closing price of PK₨597. Stock is down 20% over the past year. The company is forecast to post earnings per share of PK₨262 for next year compared to PK₨91.66 last year.Price Target Changed • May 25Price target increased to PK₨1,065Up from PK₨971, the current price target is provided by 1 analyst. New target price is 49% above last closing price of PK₨716. Stock is down 19% over the past year. The company posted earnings per share of PK₨60.30 last year.Price Target Changed • Jun 02Price target increased to PK₨967Up from PK₨901, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of PK₨905. Stock is up 31% over the past year.Price Target Changed • Feb 19Price target raised to PK₨901Up from PK₨825, the current price target is provided by 1 analyst. The new target price is 6.6% above the current share price of PK₨846. As of last close, the stock is up 19% over the past year.모든 업데이트 보기Recent updatesDeclared Dividend • Aug 06Final dividend of PK₨5.25 announcedShareholders will receive a dividend of PK₨5.25. Ex-date: 18th September 2026 Payment date: 16th October 2026 Dividend yield will be 4.6%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (328% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 05Lucky Core Industries Limited, Annual General Meeting, Sep 25, 2026Lucky Core Industries Limited, Annual General Meeting, Sep 25, 2026. Location: at 5 west wharf, karachi PakistanReported Earnings • Aug 05Full year 2026 earnings released: EPS: PK₨21.11 (vs PK₨25.46 in FY 2025)Full year 2026 results: EPS: PK₨21.11 (down from PK₨25.46 in FY 2025). Revenue: PK₨113.4b (down 5.5% from FY 2025). Net income: PK₨9.75b (down 17% from FY 2025). Profit margin: 8.6% (down from 9.8% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.공고 • Jul 24Lucky Core Industries Limited to Report Fiscal Year 2026 Results on Aug 03, 2026Lucky Core Industries Limited announced that they will report fiscal year 2026 results at 9:30 AM, Pakistan Standard Time on Aug 03, 2026Reported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨4.12 (vs PK₨5.65 in 3Q 2025)Third quarter 2026 results: EPS: PK₨4.12 (down from PK₨5.65 in 3Q 2025). Revenue: PK₨29.1b (down 2.5% from 3Q 2025). Net income: PK₨1.90b (down 27% from 3Q 2025). Profit margin: 6.6% (down from 8.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.공고 • Apr 18Lucky Core Industries Limited to Report Q3, 2026 Results on Apr 27, 2026Lucky Core Industries Limited announced that they will report Q3, 2026 results on Apr 27, 2026Declared Dividend • Jan 29First half dividend of PK₨5.25 announcedShareholders will receive a dividend of PK₨5.25. Ex-date: 4th February 2026 Payment date: 13th March 2026 Dividend yield will be 4.1%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 28Second quarter 2026 earnings released: EPS: PK₨5.30 (vs PK₨7.96 in 2Q 2025)Second quarter 2026 results: EPS: PK₨5.30 (down from PK₨7.96 in 2Q 2025). Revenue: PK₨27.7b (down 12% from 2Q 2025). Net income: PK₨2.45b (down 34% from 2Q 2025). Profit margin: 8.8% (down from 12% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jan 17Lucky Core Industries Limited to Report Q2, 2026 Results on Jan 26, 2026Lucky Core Industries Limited announced that they will report Q2, 2026 results on Jan 26, 2026Reported Earnings • Oct 25First quarter 2026 earnings released: EPS: PK₨4.66 (vs PK₨5.68 in 1Q 2025)First quarter 2026 results: EPS: PK₨4.66 (down from PK₨5.68 in 1Q 2025). Revenue: PK₨28.6b (down 6.9% from 1Q 2025). Net income: PK₨2.15b (down 18% from 1Q 2025). Profit margin: 7.5% (down from 8.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Sep 05Full year 2025 earnings released: EPS: PK₨25.46 (vs PK₨24.15 in FY 2024)Full year 2025 results: EPS: PK₨25.46 (up from PK₨24.15 in FY 2024). Revenue: PK₨119.9b (flat on FY 2024). Net income: PK₨11.8b (up 5.4% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.공고 • Aug 04Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2025Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2025. Location: 5 west wharf, karachi PakistanDeclared Dividend • Aug 04Final dividend of PK₨6.20 announcedShareholders will receive a dividend of PK₨6.20. Ex-date: 18th September 2025 Payment date: 17th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 03Full year 2025 earnings released: EPS: PK₨25.46 (vs PK₨24.15 in FY 2024)Full year 2025 results: EPS: PK₨25.46 (up from PK₨24.15 in FY 2024). Revenue: PK₨119.9b (flat on FY 2024). Net income: PK₨11.8b (up 5.4% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 23New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share).New Risk • Jul 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 23% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risk Dividend is not well covered by cash flows (223% cash payout ratio).Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨1,564, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in Asia. Total returns to shareholders of 155% over the past three years.Declared Dividend • Jan 30First half dividend increased to PK₨34.00Dividend of PK₨34.00 is 26% higher than last year. Ex-date: 6th February 2025 Payment date: 3rd March 2025 Dividend yield will be 5.7%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 30First quarter 2025 earnings released: EPS: PK₨28.41 (vs PK₨27.48 in 1Q 2024)First quarter 2025 results: EPS: PK₨28.41 (up from PK₨27.48 in 1Q 2024). Revenue: PK₨30.7b (up 6.0% from 1Q 2024). Net income: PK₨2.62b (up 3.4% from 1Q 2024). Profit margin: 8.5% (down from 8.8% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 23%After last week's 23% share price gain to PK₨1,258, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 97% over the past three years.Upcoming Dividend • Sep 11Upcoming dividend of PK₨33.00 per shareEligible shareholders must have bought the stock before 18 September 2024. Payment date: 17 October 2024. Trailing yield: 5.9%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (9.9%).Reported Earnings • Aug 09Full year 2024 earnings released: EPS: PK₨121 (vs PK₨80.87 in FY 2023)Full year 2024 results: EPS: PK₨121 (up from PK₨80.87 in FY 2023). Revenue: PK₨120.6b (up 10% from FY 2023). Net income: PK₨11.2b (up 49% from FY 2023). Profit margin: 9.2% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Declared Dividend • Aug 08Dividend of PK₨33.00 announcedShareholders will receive a dividend of PK₨33.00. Ex-date: 18th September 2024 Payment date: 17th October 2024 Dividend yield will be 6.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (41% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time.공고 • Aug 07Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2024Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2024. Location: at 5 west wharf, karachi Pakistan공고 • Jul 29Lucky Core Industries Limited to Report Fiscal Year 2024 Results on Aug 05, 2024Lucky Core Industries Limited announced that they will report fiscal year 2024 results on Aug 05, 2024Reported Earnings • Apr 26Third quarter 2024 earnings released: EPS: PK₨31.36 (vs PK₨19.97 in 3Q 2023)Third quarter 2024 results: EPS: PK₨31.36 (up from PK₨19.97 in 3Q 2023). Revenue: PK₨31.0b (flat on 3Q 2023). Net income: PK₨2.90b (up 57% from 3Q 2023). Profit margin: 9.3% (up from 6.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공고 • Apr 26Lucky Core Industries Limited Announces Director ChangesLucky Core Industries Limited announces the appointment of Mr. Ariful Islam as an Independent Director on the Board, effective April 24, 2024. This decision comes in response to the resignation of Mr. Muhammad Abid Ganatra, which created a casual vacancy.공고 • Mar 22Lucky Core Industries Limited Accepts the Resignation of Muhammad Abid Ganatra as Executive DirectorLucky Core Industries Limited has officially accepted the resignation of Mr. Muhammad Abid Ganatra from his position as Executive Director, effective March 18, 2024. The company has announced that the casual vacancy created by Mr. Ganatra's departure will be filled by the Board in due course.Declared Dividend • Jan 27Dividend increased to PK₨27.00Dividend of PK₨27.00 is 170% higher than last year. Ex-date: 2nd February 2024 Payment date: 28th February 2024 Dividend yield will be 7.4%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 27First quarter 2024 earnings released: EPS: PK₨27.48 (vs PK₨16.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨27.48 (up from PK₨16.40 in 1Q 2023). Revenue: PK₨29.0b (up 19% from 1Q 2023). Net income: PK₨2.54b (up 68% from 1Q 2023). Profit margin: 8.8% (up from 6.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 11Upcoming dividend of PK₨33.00 per share at 7.1% yieldEligible shareholders must have bought the stock before 18 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Lower than top quartile of Pakistani dividend payers (14%). Lower than average of industry peers (15%).New Risk • Aug 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 6.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 06Full year 2023 earnings released: EPS: PK₨80.88 (vs PK₨91.66 in FY 2022)Full year 2023 results: EPS: PK₨80.88 (down from PK₨91.66 in FY 2022). Revenue: PK₨109.5b (up 8.6% from FY 2022). Net income: PK₨7.47b (down 12% from FY 2022). Profit margin: 6.8% (down from 8.4% 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 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Price Target Changed • May 14Price target decreased by 12% to PK₨883Down from PK₨1,007, the current price target is an average from 2 analysts. New target price is 48% above last closing price of PK₨597. Stock is down 20% over the past year. The company is forecast to post earnings per share of PK₨262 for next year compared to PK₨91.66 last year.Upcoming Dividend • Jan 30Upcoming dividend of PK₨10.00 per share at 5.7% yieldEligible shareholders must have bought the stock before 06 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (13%).공고 • Jan 20Morinaga Milk Industry Co., Ltd. (TSE:2264) completed the acquisition of additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders.Morinaga Milk Industry Co., Ltd. (TSE:2264) agreed to acquire an additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders for ¥7.69 billion on July 14, 2022. The contract is expected to be signed on July 15, 2022. The date of execution of Share Purchase Agreement is expected to be August 26, 2022. Morinaga Milk Industry Co., Ltd. (TSE:2264) completed the acquisition of additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders on January 18, 2023.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Syed Muhammad Zaidi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Sep 12Upcoming dividend of PK₨15.00 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (12%).Reported Earnings • Sep 09Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: PK₨91.66 (up from PK₨60.30 in FY 2021). Revenue: PK₨100.9b (up 56% from FY 2021). Net income: PK₨8.47b (up 52% from FY 2021). Profit margin: 8.4% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • May 25Price target increased to PK₨1,065Up from PK₨971, the current price target is provided by 1 analyst. New target price is 49% above last closing price of PK₨716. Stock is down 19% over the past year. The company posted earnings per share of PK₨60.30 last year.Reported Earnings • May 01Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: PK₨21.79 (up from PK₨21.24 in 3Q 2021). Revenue: PK₨25.9b (up 47% from 3Q 2021). Net income: PK₨2.01b (up 2.6% from 3Q 2021). Profit margin: 7.8% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 13% compared to a 3.5% decline forecast for the industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Muhammad Zaidi was the last independent director to join the board, commencing their role in 2020. 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 09Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: PK₨23.69 (up from PK₨17.83 in 2Q 2021). Revenue: PK₨25.2b (up 58% from 2Q 2021). Net income: PK₨2.19b (up 33% from 2Q 2021). Profit margin: 8.7% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 22%, compared to a 2.9% growth forecast for the industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 31Upcoming dividend of PK₨20.00 per shareEligible shareholders must have bought the stock before 07 February 2022. Payment date: 02 March 2022. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Pakistani dividend payers (10.0%). Lower than average of industry peers (11%).Reported Earnings • Oct 27First quarter 2022 earnings released: EPS PK₨39.00 (vs PK₨10.66 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨21.5b (up 48% from 1Q 2021). Net income: PK₨3.60b (up 266% from 1Q 2021). Profit margin: 17% (up from 6.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 14Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨28.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨64.8b (up 17% from FY 2020). Net income: PK₨5.57b (up 114% from FY 2020). Profit margin: 8.6% (up from 4.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 14Upcoming dividend of PK₨20.00 per shareEligible shareholders must have bought the stock before 21 September 2021. Payment date: 21 October 2021. Trailing yield: 5.0%. Lower than top quartile of Pakistani dividend payers (9.2%). Lower than average of industry peers (10%).Executive Departure • Aug 21General Counsel, Head of Legal & Corporate Communications and Public Affairs Nausheen Ahmad has left the companyOn the 13th of August, Nausheen Ahmad's tenure as General Counsel, Head of Legal & Corporate Communications and Public Affairs ended after 3.1 years in the role. We don't have any record of a personal shareholding under Nausheen's name. Nausheen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model.Reported Earnings • Aug 06Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨27.37 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨64.8b (up 17% from FY 2020). Net income: PK₨5.57b (up 120% from FY 2020). Profit margin: 8.6% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jun 02Price target increased to PK₨967Up from PK₨901, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of PK₨905. Stock is up 31% over the past year.Reported Earnings • May 05Third quarter 2020 earnings released: EPS PK₨5.76 (vs PK₨10.27 in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨14.8b (down 4.7% from 3Q 2019). Net income: PK₨531.7m (down 44% from 3Q 2019). Profit margin: 3.6% (down from 6.1% in 3Q 2019). The decrease in margin was driven by lower revenue.Price Target Changed • Feb 19Price target raised to PK₨901Up from PK₨825, the current price target is provided by 1 analyst. The new target price is 6.6% above the current share price of PK₨846. As of last close, the stock is up 19% over the past year.Reported Earnings • Feb 11Third quarter 2020 earnings released: EPS PK₨7.46 (vs PK₨8.16 in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨13.9b (down 8.3% from 3Q 2019). Net income: PK₨689.2m (down 8.6% from 3Q 2019). Profit margin: 4.9% (down from 5.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Feb 08Upcoming Dividend of PK₨20.00 Per ShareWill be paid on the 10th of March to those who are registered shareholders by the 15th of February. The trailing yield of 1.8% is below the top quartile of Pakistani dividend payers (7.6%), and is lower than industry peers (8.8%).Is New 90 Day High Low • Jan 14New 90-day high: PK₨780The company is up 12% from its price of PK₨694 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 17New 90-day high: PK₨748The company is up 1.0% from its price of PK₨742 on 18 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period.공고 • Nov 03ICI Pakistan Limited Announces Executive ChangesICI Pakistan Limited announced that Mr. Atif Aboobukar has been appointed as Chief Financial Officer with effect from October 12, 2020 in place of Mr. Muhammad Abid Ganatra.Is New 90 Day High Low • Sep 28New 90-day low: PK₨679The company is down 2.0% from its price of PK₨695 on 30 June 2020. The Pakistani market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period.이익 및 매출 성장 예측KASE:LCI - 애널리스트 향후 추정치 및 과거 재무 데이터 (PKR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/2026113,3809,7481,4795,790N/A3/31/2026113,2799,2805,0539,947N/A12/31/2025114,0329,9842,6318,428N/A9/30/2025117,83511,2859,25917,100N/A6/30/2025119,94111,7576,79415,892N/A3/31/2025121,59112,1932,77312,025N/A12/31/2024122,82812,4817,16816,923N/A9/30/2024122,37411,2364,43512,014N/A6/30/2024120,63511,1519,49315,013N/A3/31/2024120,194-6,10713,49417,612N/A12/31/2023120,0019,99210,09713,186N/A9/30/2023114,2238,4935,6158,445N/A6/30/2023109,5297,469423,818N/A3/31/202394,86321,371-4,4741,261N/A12/31/202289,9144,388-6,372778N/A9/30/202289,7835,573-6,2843,387N/A6/30/202286,9557,660-6,5843,125N/A3/31/202289,1908,749-4,8304,464N/A12/31/202180,9758,714-2,7874,329N/A9/30/202171,7578,1732,1616,303N/A6/30/202164,7545,5694,7007,582N/A3/31/202158,7924,8388,4979,836N/A12/31/202055,9113,3936,1967,436N/A9/30/202055,2022,7624,1706,046N/A6/30/202055,2532,5994,1496,483N/A3/31/202059,9843,145N/A3,905N/A12/31/201960,7123,562N/A6,529N/A9/30/201960,5922,823N/A5,399N/A6/30/201959,3752,525N/A4,080N/A3/31/201957,1782,310N/A2,740N/A12/31/201854,8742,474N/A-712N/A9/30/201851,8962,997N/A-720N/A6/30/201849,9873,280N/A-1,337N/A3/31/201848,0383,643N/A1,627N/A12/31/201745,6493,416N/A3,673N/A9/30/201743,9023,461N/A4,204N/A6/30/201741,7673,283N/A5,173N/A3/31/201740,1173,217N/A5,030N/A12/31/201638,5243,053N/A5,177N/A9/30/201637,7032,889N/A4,890N/A6/30/201636,9512,730N/A3,920N/A3/31/201636,8002,479N/A3,279N/A12/31/201536,3892,340N/A3,771N/A9/30/201536,6802,385N/A3,046N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LCI 의 예상 수익 증가율이 절약률(13%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: LCI 의 수익이 PK 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: LCI 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: LCI 의 수익이 PK 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 매출: LCI 의 수익이 연간 20%보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LCI의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/07 16:39종가2026/08/07 00:00수익2026/06/30연간 수익2026/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Lucky Core Industries Limited는 6명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Khaldoon Bin LatifAKD Researchnull nullArif Habib Limitednull nullBMA Capital Management Ltd.3명의 분석가 더 보기
Price Target Changed • May 14Price target decreased by 12% to PK₨883Down from PK₨1,007, the current price target is an average from 2 analysts. New target price is 48% above last closing price of PK₨597. Stock is down 20% over the past year. The company is forecast to post earnings per share of PK₨262 for next year compared to PK₨91.66 last year.
Price Target Changed • May 25Price target increased to PK₨1,065Up from PK₨971, the current price target is provided by 1 analyst. New target price is 49% above last closing price of PK₨716. Stock is down 19% over the past year. The company posted earnings per share of PK₨60.30 last year.
Price Target Changed • Jun 02Price target increased to PK₨967Up from PK₨901, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of PK₨905. Stock is up 31% over the past year.
Price Target Changed • Feb 19Price target raised to PK₨901Up from PK₨825, the current price target is provided by 1 analyst. The new target price is 6.6% above the current share price of PK₨846. As of last close, the stock is up 19% over the past year.
Declared Dividend • Aug 06Final dividend of PK₨5.25 announcedShareholders will receive a dividend of PK₨5.25. Ex-date: 18th September 2026 Payment date: 16th October 2026 Dividend yield will be 4.6%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (328% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 05Lucky Core Industries Limited, Annual General Meeting, Sep 25, 2026Lucky Core Industries Limited, Annual General Meeting, Sep 25, 2026. Location: at 5 west wharf, karachi Pakistan
Reported Earnings • Aug 05Full year 2026 earnings released: EPS: PK₨21.11 (vs PK₨25.46 in FY 2025)Full year 2026 results: EPS: PK₨21.11 (down from PK₨25.46 in FY 2025). Revenue: PK₨113.4b (down 5.5% from FY 2025). Net income: PK₨9.75b (down 17% from FY 2025). Profit margin: 8.6% (down from 9.8% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.
공고 • Jul 24Lucky Core Industries Limited to Report Fiscal Year 2026 Results on Aug 03, 2026Lucky Core Industries Limited announced that they will report fiscal year 2026 results at 9:30 AM, Pakistan Standard Time on Aug 03, 2026
Reported Earnings • Apr 30Third quarter 2026 earnings released: EPS: PK₨4.12 (vs PK₨5.65 in 3Q 2025)Third quarter 2026 results: EPS: PK₨4.12 (down from PK₨5.65 in 3Q 2025). Revenue: PK₨29.1b (down 2.5% from 3Q 2025). Net income: PK₨1.90b (down 27% from 3Q 2025). Profit margin: 6.6% (down from 8.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
공고 • Apr 18Lucky Core Industries Limited to Report Q3, 2026 Results on Apr 27, 2026Lucky Core Industries Limited announced that they will report Q3, 2026 results on Apr 27, 2026
Declared Dividend • Jan 29First half dividend of PK₨5.25 announcedShareholders will receive a dividend of PK₨5.25. Ex-date: 4th February 2026 Payment date: 13th March 2026 Dividend yield will be 4.1%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 28Second quarter 2026 earnings released: EPS: PK₨5.30 (vs PK₨7.96 in 2Q 2025)Second quarter 2026 results: EPS: PK₨5.30 (down from PK₨7.96 in 2Q 2025). Revenue: PK₨27.7b (down 12% from 2Q 2025). Net income: PK₨2.45b (down 34% from 2Q 2025). Profit margin: 8.8% (down from 12% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jan 17Lucky Core Industries Limited to Report Q2, 2026 Results on Jan 26, 2026Lucky Core Industries Limited announced that they will report Q2, 2026 results on Jan 26, 2026
Reported Earnings • Oct 25First quarter 2026 earnings released: EPS: PK₨4.66 (vs PK₨5.68 in 1Q 2025)First quarter 2026 results: EPS: PK₨4.66 (down from PK₨5.68 in 1Q 2025). Revenue: PK₨28.6b (down 6.9% from 1Q 2025). Net income: PK₨2.15b (down 18% from 1Q 2025). Profit margin: 7.5% (down from 8.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Sep 05Full year 2025 earnings released: EPS: PK₨25.46 (vs PK₨24.15 in FY 2024)Full year 2025 results: EPS: PK₨25.46 (up from PK₨24.15 in FY 2024). Revenue: PK₨119.9b (flat on FY 2024). Net income: PK₨11.8b (up 5.4% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Aug 04Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2025Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2025. Location: 5 west wharf, karachi Pakistan
Declared Dividend • Aug 04Final dividend of PK₨6.20 announcedShareholders will receive a dividend of PK₨6.20. Ex-date: 18th September 2025 Payment date: 17th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 03Full year 2025 earnings released: EPS: PK₨25.46 (vs PK₨24.15 in FY 2024)Full year 2025 results: EPS: PK₨25.46 (up from PK₨24.15 in FY 2024). Revenue: PK₨119.9b (flat on FY 2024). Net income: PK₨11.8b (up 5.4% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 23New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share).
New Risk • Jul 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 23% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risk Dividend is not well covered by cash flows (223% cash payout ratio).
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to PK₨1,564, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in Asia. Total returns to shareholders of 155% over the past three years.
Declared Dividend • Jan 30First half dividend increased to PK₨34.00Dividend of PK₨34.00 is 26% higher than last year. Ex-date: 6th February 2025 Payment date: 3rd March 2025 Dividend yield will be 5.7%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 30First quarter 2025 earnings released: EPS: PK₨28.41 (vs PK₨27.48 in 1Q 2024)First quarter 2025 results: EPS: PK₨28.41 (up from PK₨27.48 in 1Q 2024). Revenue: PK₨30.7b (up 6.0% from 1Q 2024). Net income: PK₨2.62b (up 3.4% from 1Q 2024). Profit margin: 8.5% (down from 8.8% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 23%After last week's 23% share price gain to PK₨1,258, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 97% over the past three years.
Upcoming Dividend • Sep 11Upcoming dividend of PK₨33.00 per shareEligible shareholders must have bought the stock before 18 September 2024. Payment date: 17 October 2024. Trailing yield: 5.9%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (9.9%).
Reported Earnings • Aug 09Full year 2024 earnings released: EPS: PK₨121 (vs PK₨80.87 in FY 2023)Full year 2024 results: EPS: PK₨121 (up from PK₨80.87 in FY 2023). Revenue: PK₨120.6b (up 10% from FY 2023). Net income: PK₨11.2b (up 49% from FY 2023). Profit margin: 9.2% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Declared Dividend • Aug 08Dividend of PK₨33.00 announcedShareholders will receive a dividend of PK₨33.00. Ex-date: 18th September 2024 Payment date: 17th October 2024 Dividend yield will be 6.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (41% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time.
공고 • Aug 07Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2024Lucky Core Industries Limited, Annual General Meeting, Sep 26, 2024. Location: at 5 west wharf, karachi Pakistan
공고 • Jul 29Lucky Core Industries Limited to Report Fiscal Year 2024 Results on Aug 05, 2024Lucky Core Industries Limited announced that they will report fiscal year 2024 results on Aug 05, 2024
Reported Earnings • Apr 26Third quarter 2024 earnings released: EPS: PK₨31.36 (vs PK₨19.97 in 3Q 2023)Third quarter 2024 results: EPS: PK₨31.36 (up from PK₨19.97 in 3Q 2023). Revenue: PK₨31.0b (flat on 3Q 2023). Net income: PK₨2.90b (up 57% from 3Q 2023). Profit margin: 9.3% (up from 6.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공고 • Apr 26Lucky Core Industries Limited Announces Director ChangesLucky Core Industries Limited announces the appointment of Mr. Ariful Islam as an Independent Director on the Board, effective April 24, 2024. This decision comes in response to the resignation of Mr. Muhammad Abid Ganatra, which created a casual vacancy.
공고 • Mar 22Lucky Core Industries Limited Accepts the Resignation of Muhammad Abid Ganatra as Executive DirectorLucky Core Industries Limited has officially accepted the resignation of Mr. Muhammad Abid Ganatra from his position as Executive Director, effective March 18, 2024. The company has announced that the casual vacancy created by Mr. Ganatra's departure will be filled by the Board in due course.
Declared Dividend • Jan 27Dividend increased to PK₨27.00Dividend of PK₨27.00 is 170% higher than last year. Ex-date: 2nd February 2024 Payment date: 28th February 2024 Dividend yield will be 7.4%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 27First quarter 2024 earnings released: EPS: PK₨27.48 (vs PK₨16.40 in 1Q 2023)First quarter 2024 results: EPS: PK₨27.48 (up from PK₨16.40 in 1Q 2023). Revenue: PK₨29.0b (up 19% from 1Q 2023). Net income: PK₨2.54b (up 68% from 1Q 2023). Profit margin: 8.8% (up from 6.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 11Upcoming dividend of PK₨33.00 per share at 7.1% yieldEligible shareholders must have bought the stock before 18 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Lower than top quartile of Pakistani dividend payers (14%). Lower than average of industry peers (15%).
New Risk • Aug 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 6.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 06Full year 2023 earnings released: EPS: PK₨80.88 (vs PK₨91.66 in FY 2022)Full year 2023 results: EPS: PK₨80.88 (down from PK₨91.66 in FY 2022). Revenue: PK₨109.5b (up 8.6% from FY 2022). Net income: PK₨7.47b (down 12% from FY 2022). Profit margin: 6.8% (down from 8.4% 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 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Price Target Changed • May 14Price target decreased by 12% to PK₨883Down from PK₨1,007, the current price target is an average from 2 analysts. New target price is 48% above last closing price of PK₨597. Stock is down 20% over the past year. The company is forecast to post earnings per share of PK₨262 for next year compared to PK₨91.66 last year.
Upcoming Dividend • Jan 30Upcoming dividend of PK₨10.00 per share at 5.7% yieldEligible shareholders must have bought the stock before 06 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (13%).
공고 • Jan 20Morinaga Milk Industry Co., Ltd. (TSE:2264) completed the acquisition of additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders.Morinaga Milk Industry Co., Ltd. (TSE:2264) agreed to acquire an additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders for ¥7.69 billion on July 14, 2022. The contract is expected to be signed on July 15, 2022. The date of execution of Share Purchase Agreement is expected to be August 26, 2022. Morinaga Milk Industry Co., Ltd. (TSE:2264) completed the acquisition of additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders on January 18, 2023.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Syed Muhammad Zaidi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Sep 12Upcoming dividend of PK₨15.00 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (12%).
Reported Earnings • Sep 09Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: PK₨91.66 (up from PK₨60.30 in FY 2021). Revenue: PK₨100.9b (up 56% from FY 2021). Net income: PK₨8.47b (up 52% from FY 2021). Profit margin: 8.4% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • May 25Price target increased to PK₨1,065Up from PK₨971, the current price target is provided by 1 analyst. New target price is 49% above last closing price of PK₨716. Stock is down 19% over the past year. The company posted earnings per share of PK₨60.30 last year.
Reported Earnings • May 01Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: PK₨21.79 (up from PK₨21.24 in 3Q 2021). Revenue: PK₨25.9b (up 47% from 3Q 2021). Net income: PK₨2.01b (up 2.6% from 3Q 2021). Profit margin: 7.8% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 13% compared to a 3.5% decline forecast for the industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Muhammad Zaidi was the last independent director to join the board, commencing their role in 2020. 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 09Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: PK₨23.69 (up from PK₨17.83 in 2Q 2021). Revenue: PK₨25.2b (up 58% from 2Q 2021). Net income: PK₨2.19b (up 33% from 2Q 2021). Profit margin: 8.7% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 22%, compared to a 2.9% growth forecast for the industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 31Upcoming dividend of PK₨20.00 per shareEligible shareholders must have bought the stock before 07 February 2022. Payment date: 02 March 2022. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Pakistani dividend payers (10.0%). Lower than average of industry peers (11%).
Reported Earnings • Oct 27First quarter 2022 earnings released: EPS PK₨39.00 (vs PK₨10.66 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨21.5b (up 48% from 1Q 2021). Net income: PK₨3.60b (up 266% from 1Q 2021). Profit margin: 17% (up from 6.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 14Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨28.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨64.8b (up 17% from FY 2020). Net income: PK₨5.57b (up 114% from FY 2020). Profit margin: 8.6% (up from 4.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 14Upcoming dividend of PK₨20.00 per shareEligible shareholders must have bought the stock before 21 September 2021. Payment date: 21 October 2021. Trailing yield: 5.0%. Lower than top quartile of Pakistani dividend payers (9.2%). Lower than average of industry peers (10%).
Executive Departure • Aug 21General Counsel, Head of Legal & Corporate Communications and Public Affairs Nausheen Ahmad has left the companyOn the 13th of August, Nausheen Ahmad's tenure as General Counsel, Head of Legal & Corporate Communications and Public Affairs ended after 3.1 years in the role. We don't have any record of a personal shareholding under Nausheen's name. Nausheen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model.
Reported Earnings • Aug 06Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨27.37 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨64.8b (up 17% from FY 2020). Net income: PK₨5.57b (up 120% from FY 2020). Profit margin: 8.6% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jun 02Price target increased to PK₨967Up from PK₨901, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of PK₨905. Stock is up 31% over the past year.
Reported Earnings • May 05Third quarter 2020 earnings released: EPS PK₨5.76 (vs PK₨10.27 in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨14.8b (down 4.7% from 3Q 2019). Net income: PK₨531.7m (down 44% from 3Q 2019). Profit margin: 3.6% (down from 6.1% in 3Q 2019). The decrease in margin was driven by lower revenue.
Price Target Changed • Feb 19Price target raised to PK₨901Up from PK₨825, the current price target is provided by 1 analyst. The new target price is 6.6% above the current share price of PK₨846. As of last close, the stock is up 19% over the past year.
Reported Earnings • Feb 11Third quarter 2020 earnings released: EPS PK₨7.46 (vs PK₨8.16 in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨13.9b (down 8.3% from 3Q 2019). Net income: PK₨689.2m (down 8.6% from 3Q 2019). Profit margin: 4.9% (down from 5.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Feb 08Upcoming Dividend of PK₨20.00 Per ShareWill be paid on the 10th of March to those who are registered shareholders by the 15th of February. The trailing yield of 1.8% is below the top quartile of Pakistani dividend payers (7.6%), and is lower than industry peers (8.8%).
Is New 90 Day High Low • Jan 14New 90-day high: PK₨780The company is up 12% from its price of PK₨694 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 17New 90-day high: PK₨748The company is up 1.0% from its price of PK₨742 on 18 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period.
공고 • Nov 03ICI Pakistan Limited Announces Executive ChangesICI Pakistan Limited announced that Mr. Atif Aboobukar has been appointed as Chief Financial Officer with effect from October 12, 2020 in place of Mr. Muhammad Abid Ganatra.
Is New 90 Day High Low • Sep 28New 90-day low: PK₨679The company is down 2.0% from its price of PK₨695 on 30 June 2020. The Pakistani market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period.