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 Kenyan stocks, typically moving 6.8% 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 No financial data reported. Market cap is less than US$10m (KSh275.1m market cap, or US$2.13m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Kenyan stocks, typically moving 9.7% 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 Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$10m (KSh195.3m market cap, or US$1.51m). New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (KSh243.6m market cap, or US$1.88m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Dec 20
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 Negative equity (-KSh88m). Revenue has declined by 80% over the past year. Revenue is less than US$1m (KSh17m revenue, or US$130k). Market cap is less than US$10m (KSh224.7m market cap, or US$1.74m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 80% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Negative equity (-KSh88m). Revenue has declined by 80% over the past year. Revenue is less than US$1m (KSh17m revenue, or US$131k). Market cap is less than US$10m (KSh245.7m market cap, or US$1.91m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Reported Earnings • Jun 06
Full year 2023 earnings released: KSh0.21 loss per share (vs KSh0.24 loss in FY 2022) Full year 2023 results: KSh0.21 loss per share (improved from KSh0.24 loss in FY 2022). Revenue: KSh16.8m (down 80% from FY 2022). Net loss: KSh43.8m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Jun 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Anzeste Were was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 11
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Negative equity (-KSh62m). Revenue has declined by 47% over the past year. Revenue is less than US$1m (KSh51m revenue, or US$393k). Market cap is less than US$10m (KSh258.3m market cap, or US$1.97m). New Risk • Mar 31
New major risk - Revenue and earnings growth Revenue has declined by 47% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Negative equity (-KSh62m). Revenue has declined by 47% over the past year. Revenue is less than US$1m (KSh51m revenue, or US$393k). Market cap is less than US$10m (KSh283.5m market cap, or US$2.16m). Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). New Risk • Nov 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Less than 1 year of cash runway based on free cash flow trend (-KSh15m free cash flow). Negative equity (-KSh62m). Revenue is less than US$1m (KSh51m revenue, or US$337k). Market cap is less than US$10m (KSh262.5m market cap, or US$1.72m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Jun 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Kenyan stocks, typically moving 10% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-KSh15m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-KSh62m). Revenue is less than US$1m (KSh51m revenue, or US$367k). Market cap is less than US$10m (KSh258.3m market cap, or US$1.84m). New Risk • Jun 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -KSh15m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-KSh15m free cash flow). Negative equity (-KSh62m). Revenue is less than US$1m (KSh51m revenue, or US$369k). Market cap is less than US$10m (KSh340.2m market cap, or US$2.44m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Joseph Sitati is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 29
Full year 2022 earnings released: KSh0.24 loss per share (vs KSh0.17 loss in FY 2021) Full year 2022 results: KSh0.24 loss per share (further deteriorated from KSh0.17 loss in FY 2021). Revenue: KSh82.6m (down 8.0% from FY 2021). Net loss: KSh50.9m (loss widened 47% from FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Feb 12
Eveready East Africa PLC to Report Fiscal Year 2022 Results on Jan 31, 2023 Eveready East Africa PLC announced that they will report fiscal year 2022 results on Jan 31, 2023 Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: KSh0.17 loss per share (up from KSh0.33 loss in FY 2020). Revenue: KSh89.8m (down 33% from FY 2020). Net loss: KSh34.7m (loss narrowed 50% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 21
First half 2021 earnings released: KSh0.12 loss per share (vs KSh0.07 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: KSh33.7m (down 55% from 1H 2020). Net loss: KSh26.0m (loss widened 73% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: KSh0.33 loss per share (vs KSh1.45 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: KSh133.6m (down 30% from FY 2019). Net loss: KSh69.0m (loss narrowed 77% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day low: KSh0.90 The company is down 17% from its price of KSh1.08 on 07 August 2020. The Kenyan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: KSh0.93 The company is down 6.0% from its price of KSh0.99 on 10 July 2020. The Kenyan market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: KSh0.95 The company is down 10.0% from its price of KSh1.06 on 25 June 2020. The Kenyan market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 3.0% over the same period.