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MIRA

Mir Akhter Hossain DSE:MIRAKHTER Stock Report

Last Price

৳61.00

Market Cap

৳7.4b

7D

-6.7%

1Y

-31.9%

Updated

29 Sep, 2022

Data

Company Financials
MIRAKHTER fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends3/6

MIRAKHTER Stock Overview

Mir Akhter Hossain Limited engages in the construction business in Bangladesh.

Mir Akhter Hossain Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mir Akhter Hossain
Historical stock prices
Current Share Price৳61.00
52 Week High৳95.60
52 Week Low৳49.40
Beta0
1 Month Change5.35%
3 Month Change12.75%
1 Year Change-31.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO-24.69%

Recent News & Updates

Shareholder Returns

MIRAKHTERBD ConstructionBD Market
7D-6.7%-4.5%-0.5%
1Y-31.9%-10.5%-14.1%

Return vs Industry: MIRAKHTER underperformed the BD Construction industry which returned -10.5% over the past year.

Return vs Market: MIRAKHTER underperformed the BD Market which returned -14.1% over the past year.

Price Volatility

Is MIRAKHTER's price volatile compared to industry and market?
MIRAKHTER volatility
MIRAKHTER Average Weekly Movement6.3%
Construction Industry Average Movement5.3%
Market Average Movement4.5%
10% most volatile stocks in BD Market7.2%
10% least volatile stocks in BD Market2.3%

Stable Share Price: MIRAKHTER is more volatile than 75% of BD stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MIRAKHTER's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of BD stocks.

About the Company

FoundedEmployeesCEOWebsite
19681,967Mir Hossainhttps://www.mirakhter.net

Mir Akhter Hossain Limited engages in the construction business in Bangladesh. The company engages in the construction of roads and highways, flyovers, pre-stressed and RCC bridge, railway tracks, high-rise buildings, academic institution, 5-star hotel complex, industrial complexes, residential and office complexes, warehouses, power stations, hospital complex, cyclone shelters and village transformation, post tensioned pre-stressed concrete slabs, piling and foundation works, dredging/site development, soil stabilization, river bank protection works, jetty construction, effluent treatment plant, swimming pool, electrical works, deep tube well, fire detection and fighting works, HVAC works, steel box girder bridge erection, passenger lift, car lift and escalator, and marine works. It is also involved in the maintenance of roads, repair and renovation of bridge, and installation and commissioning of plants and equipment.

Mir Akhter Hossain Fundamentals Summary

How do Mir Akhter Hossain's earnings and revenue compare to its market cap?
MIRAKHTER fundamental statistics
Market Cap৳7.37b
Earnings (TTM)৳308.66m
Revenue (TTM)৳2.60b

23.9x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIRAKHTER income statement (TTM)
Revenue৳2.60b
Cost of Revenue৳1.60b
Gross Profit৳1.00b
Other Expenses৳692.89m
Earnings৳308.66m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.56
Gross Margin38.53%
Net Profit Margin11.87%
Debt/Equity Ratio341.9%

How did MIRAKHTER perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MIRAKHTER undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIRAKHTER?

Other financial metrics that can be useful for relative valuation.

MIRAKHTER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.9x
Enterprise Value/EBITDA23.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MIRAKHTER's PE Ratio compare to its peers?

MIRAKHTER PE Ratio vs Peers
The above table shows the PE ratio for MIRAKHTER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.6x
BBS Bangladesh Building Systems
27.9xn/a৳5.0b
DOMINAGE Dominage Steel Building Systems
33.8xn/a৳2.2b
BBSCABLES BBS Cables
14.3xn/a৳11.2b
NAHEEACP Nahee Aluminum Composite Panel
24.6xn/a৳4.9b
MIRAKHTER Mir Akhter Hossain
23.9xn/a৳7.4b

Price-To-Earnings vs Peers: MIRAKHTER is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (24.6x).


Price to Earnings Ratio vs Industry

How does MIRAKHTER's PE Ratio compare vs other companies in the Asian Construction Industry?

Price-To-Earnings vs Industry: MIRAKHTER is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the Asian Construction industry average (12.4x)


Price to Earnings Ratio vs Fair Ratio

What is MIRAKHTER's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIRAKHTER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MIRAKHTER's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MIRAKHTER when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MIRAKHTER (BDT61) is trading above our estimate of fair value (BDT18.08)

Significantly Below Fair Value: MIRAKHTER is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Mir Akhter Hossain forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.1%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mir Akhter Hossain has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of MIRAKHTER’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Mir Akhter Hossain performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MIRAKHTER has high quality earnings.

Growing Profit Margin: MIRAKHTER's current net profit margins (11.9%) are lower than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: MIRAKHTER's earnings have declined by 16.6% per year over the past 5 years.

Accelerating Growth: MIRAKHTER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MIRAKHTER had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the Construction industry average (-1.4%).


Return on Equity

High ROE: MIRAKHTER's Return on Equity (5.5%) is considered low.


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Financial Health

How is Mir Akhter Hossain's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MIRAKHTER's short term assets (BDT7.2B) exceed its short term liabilities (BDT4.9B).

Long Term Liabilities: MIRAKHTER's short term assets (BDT7.2B) do not cover its long term liabilities (BDT14.5B).


Debt to Equity History and Analysis

Debt Level: MIRAKHTER's net debt to equity ratio (326.3%) is considered high.

Reducing Debt: Insufficient data to determine if MIRAKHTER's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MIRAKHTER's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: MIRAKHTER's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


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Dividend

What is Mir Akhter Hossain current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.05%

Current Dividend Yield

Dividend Yield vs Market

Mir Akhter Hossain Dividend Yield vs Market
How does Mir Akhter Hossain dividend yield compare to the market?
SegmentDividend Yield
Company (Mir Akhter Hossain)2.0%
Market Bottom 25% (BD)1.1%
Market Top 25% (BD)3.9%
Industry Average (Construction)4.9%
Analyst forecast in 3 Years (Mir Akhter Hossain)n/a

Notable Dividend: MIRAKHTER's dividend (2.05%) is higher than the bottom 25% of dividend payers in the BD market (1.11%).

High Dividend: MIRAKHTER's dividend (2.05%) is low compared to the top 25% of dividend payers in the BD market (3.88%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MIRAKHTER's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MIRAKHTER's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.2%), MIRAKHTER's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (38%), MIRAKHTER's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average board tenure


CEO

Mir Hossain (70 yo)

no data

Tenure

Mr. Mir Nasir Hossain is Managing Director & Director at Mir Akhter Hossain Ltd. He serves as a Sponsor of Agrani Insurance Company Ltd and served as its Director. He served as the President of The Federat...


Board Members

Experienced Board: MIRAKHTER's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of MIRAKHTER?
Owner TypeNumber of SharesOwnership Percentage

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Company Information

Mir Akhter Hossain Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mir Akhter Hossain Limited
  • Ticker: MIRAKHTER
  • Exchange: DSE
  • Founded: 1968
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ৳7.367b
  • Shares outstanding: 120.77m
  • Website: https://www.mirakhter.net

Number of Employees


Location

  • Mir Akhter Hossain Limited
  • Red Crescent Borak Tower
  • Level 7 & 10
  • Dhaka
  • 1000
  • Bangladesh


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIRAKHTERDSE (Dhaka Stock Exchange Ltd.)YesOrdinary SharesBDBDTFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.