Aankondiging • Oct 23
MIDAS Financing PLC. to Report Q3, 2025 Results on Oct 28, 2025 MIDAS Financing PLC. announced that they will report Q3, 2025 results on Oct 28, 2025 Aankondiging • Jul 23
MIDAS Financing PLC. to Report Q2, 2025 Results on Jul 27, 2025 MIDAS Financing PLC. announced that they will report Q2, 2025 results on Jul 27, 2025 Aankondiging • May 14
MIDAS Financing PLC., Annual General Meeting, Jun 24, 2025 MIDAS Financing PLC., Annual General Meeting, Jun 24, 2025, at 10:30 Central Asia Standard Time. Location: hybrid system, Bangladesh Aankondiging • May 07
MIDAS Financing PLC. to Report Fiscal Year 2024 Results on May 12, 2025 MIDAS Financing PLC. announced that they will report fiscal year 2024 results on May 12, 2025 Aankondiging • May 06
MIDAS Financing PLC. to Report Q1, 2025 Results on May 12, 2025 MIDAS Financing PLC. announced that they will report Q1, 2025 results on May 12, 2025 Aankondiging • Oct 28
MIDAS Financing PLC. to Report Q3, 2024 Results on Oct 30, 2024 MIDAS Financing PLC. announced that they will report Q3, 2024 results on Oct 30, 2024 Aankondiging • Oct 01
MIDAS Financing PLC., Annual General Meeting, Nov 14, 2024 MIDAS Financing PLC., Annual General Meeting, Nov 14, 2024, at 10:30 Central Asia Standard Time. Location: hybrid system, midas convention center, midas center (10th and 11th floor), house-05, road-16 (new) 27 (old), dhanmondi, dhaka-1209, Bangladesh New Risk • Oct 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.17b (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Revenue has declined by 45% over the past year. Market cap is less than US$10m (৳1.17b market cap, or US$9.73m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (৳202m revenue, or US$1.7m). Aankondiging • Sep 26
MIDAS Financing PLC. to Report Fiscal Year 2024 Results on Sep 30, 2024 MIDAS Financing PLC. announced that they will report fiscal year 2024 results on Sep 30, 2024 Aankondiging • Sep 25
MIDAS Financing PLC. to Report First Half, 2024 Results on Sep 30, 2024 MIDAS Financing PLC. announced that they will report first half, 2024 results on Sep 30, 2024 Aankondiging • Aug 23
MIDAS Financing Plc. Announces Appointment of Abdul Karim as Chairman of the Board of Directors MIDAS Financing PLC. announced that the Board of Directors has elected Mr. Abdul Karim as the Chairman of the Board of Directors of the company. New Risk • Aug 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 6.6% 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 Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). 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 (6.6% average weekly change). Revenue is less than US$5m (৳202m revenue, or US$1.7m). Market cap is less than US$100m (৳1.38b market cap, or US$11.7m). New Risk • May 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.15b (US$9.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Earnings have declined by 6.4% per year over the past 5 years. Market cap is less than US$10m (৳1.15b market cap, or US$9.80m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (৳202m revenue, or US$1.7m). New Risk • May 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (৳202m revenue, or US$1.8m). Market cap is less than US$100m (৳1.31b market cap, or US$12.0m). New Risk • Jan 15
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 6.2% 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 Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Earnings have declined by 6.4% per year over the past 5 years. Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Revenue is less than US$5m (৳202m revenue, or US$1.8m). Revenue is less than US$5m (৳202m revenue, or US$1.8m). Market cap is less than US$100m (৳1.88b market cap, or US$17.2m). Market cap is less than US$100m (৳1.88b market cap, or US$17.2m). Upcoming Dividend • Nov 01
Upcoming dividend of ৳0.15 per share at 1.5% yield Eligible shareholders must have bought the stock before 08 November 2023. Payment date: 24 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.2%). New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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 Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Revenue is less than US$5m (৳202m revenue, or US$1.8m). Market cap is less than US$100m (৳1.44b market cap, or US$13.1m). Aankondiging • Oct 19
Midas Financing Limited Recommends Cash Dividend for the Year Ended December 31, 2022 MIDAS Financing Limited has recommended 1.5% Cash Dividend for the year ended December 31, 2022. Aankondiging • Oct 12
MIDAS Financing Limited to Report Q2, 2023 Results on Oct 16, 2023 MIDAS Financing Limited announced that they will report Q2, 2023 results on Oct 16, 2023 Aankondiging • Jul 25
MIDAS Financing Limited to Report Q2, 2023 Results on Jul 30, 2023 MIDAS Financing Limited announced that they will report Q2, 2023 results on Jul 30, 2023 New Risk • Jul 04
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 7.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (৳364m revenue, or US$3.4m). Market cap is less than US$100m (৳1.67b market cap, or US$15.4m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ৳12.20, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 31x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 40% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Nazneen Moury was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 23
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 21 August 2022. Payout ratio is a comfortable 3.3% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Bangladeshi dividend payers (3.5%). Lower than average of industry peers (2.5%). Reported Earnings • Jun 12
Full year 2021 earnings released: EPS: ৳0.59 (vs ৳0.81 in FY 2020) Full year 2021 results: EPS: ৳0.59 (down from ৳0.81 in FY 2020). Revenue: ৳611.0m (up 187% from FY 2020). Net income: ৳84.4m (down 27% from FY 2020). Profit margin: 14% (down from 54% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 10
MIDAS Financing Limited Recommends Cash Dividend for the Year Ended December 31, 2021 MIDAS Financing Limited announced that Board of Directors has recommended 1% cash dividend for the year ended December 31, 2021. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Nazneen Moury was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2021 earnings released: ৳0.46 loss per share (vs ৳0.37 profit in 3Q 2020) Third quarter 2021 results: Net loss: ৳61.8m (down 219% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 18
Second quarter 2021 earnings released: EPS ৳1.08 (vs ৳0.18 loss in 2Q 2020) Second quarter 2021 results: Net income: ৳146.8m (up ৳172.1m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 19
Upcoming dividend of ৳0.25 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 20 October 2021. Trailing yield: 1.2%. Lower than top quartile of Bangladeshi dividend payers (2.6%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 09
First quarter 2021 earnings released: ৳3.78 loss per share (vs ৳0.12 profit in 1Q 2020) First quarter 2021 results: Net loss: ৳525.2m (down ৳541.1m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 22% share price gain to ৳19.10, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Diversified Financial industry in Bangladesh. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ৳14.80, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Diversified Financial industry in Bangladesh. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 16% share price gain to ৳25.50, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 15x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 35%. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 20% share price gain to ৳23.00, the stock is trading at a trailing P/E ratio of 11x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 15x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 38%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 18% share price gain to ৳24.00, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 15x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 36%. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 20% share price gain to ৳22.00, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 14x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 44%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to ৳20.20, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 13x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Jan 02
New 90-day high: ৳18.40 The company is up 1.0% from its price of ৳18.30 on 04 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 Diversified Financial industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 23% share price gain to ৳18.40, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 12x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Oct 28
Market bids up stock over the past week After last week's 17% share price gain to ৳17.70, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 12x in the Diversified Financial industry in Bangladesh. Total return to shareholders over the past three years is a loss of 46%. Aankondiging • Oct 05
MIDAS Financing Limited to Report Q2, 2020 Results on Aug 26, 2020 MIDAS Financing Limited announced that they will report Q2, 2020 results on Aug 26, 2020 Is New 90 Day High Low • Sep 28
New 90-day high: ৳18.40 The company is up 96% from its price of ৳9.37 on 22 June 2020. The Bangladeshi market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 53% over the same period. Aankondiging • Jul 17
MIDAS Financing Limited to Report Q1, 2020 Results on Jul 14, 2020 MIDAS Financing Limited announced that they will report Q1, 2020 results on Jul 14, 2020 