Price Target Changed • May 20
Price target decreased by 43% to ৳58.00 Down from ৳101, the current price target is provided by 1 analyst. New target price is 25% below last closing price of ৳77.70. Stock is down 25% over the past year. The company is forecast to post earnings per share of ৳2.60 next year compared to a net loss per share of ৳22.56 last year. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Nausheen Rahman was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 16
Singer Bangladesh Limited to Report Q1, 2026 Results on Apr 22, 2026 Singer Bangladesh Limited announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Feb 02
Singer Bangladesh Limited, Annual General Meeting, Apr 20, 2026 Singer Bangladesh Limited, Annual General Meeting, Apr 20, 2026, at 14:30 Central Asia Standard Time. Announcement • Jan 21
Singer Bangladesh Limited to Report Fiscal Year 2025 Results on Jan 29, 2026 Singer Bangladesh Limited announced that they will report fiscal year 2025 results on Jan 29, 2026 Announcement • Oct 21
Singer Bangladesh Limited to Report Q3, 2025 Results on Oct 23, 2025 Singer Bangladesh Limited announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 21
Singer Bangladesh Limited to Report Q2, 2025 Results on Jul 24, 2025 Singer Bangladesh Limited announced that they will report Q2, 2025 results on Jul 24, 2025 Announcement • Apr 21
Singer Bangladesh Limited to Report Q1, 2025 Results on Apr 24, 2025 Singer Bangladesh Limited announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Jan 29
Singer Bangladesh Limited Proposes Cash Dividend for the Year Ended December 31, 2024 The Board of Directors of Singer Bangladesh Limited has recommended 10% cash dividend for the year ended December 31, 2024. Date of AGM: April 22, 2025. Record Date: February 18, 2025. Announcement • Jan 28
Singer Bangladesh Limited, Annual General Meeting, Apr 22, 2025 Singer Bangladesh Limited, Annual General Meeting, Apr 22, 2025, at 14:30 Central Asia Standard Time. Announcement • Jan 20
Singer Bangladesh Limited to Report Fiscal Year 2024 Results on Jan 27, 2025 Singer Bangladesh Limited announced that they will report fiscal year 2024 results on Jan 27, 2025 New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.4b (US$95.5m) This is considered a minor 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 Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (৳11.4b market cap, or US$95.5m). Reported Earnings • Oct 23
Third quarter 2024 earnings released: ৳1.86 loss per share (vs ৳0.88 profit in 3Q 2023) Third quarter 2024 results: ৳1.86 loss per share (down from ৳0.88 profit in 3Q 2023). Revenue: ৳3.61b (up 7.3% from 3Q 2023). Net loss: ৳185.5m (down 312% from profit in 3Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Asia. 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 9% per year, which means it has not declined as severely as earnings. Announcement • Oct 16
Singer Bangladesh Limited to Report Q3, 2024 Results on Oct 22, 2024 Singer Bangladesh Limited announced that they will report Q3, 2024 results on Oct 22, 2024 Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: ৳2.58 (vs ৳4.72 in 2Q 2023) Second quarter 2024 results: EPS: ৳2.58 (down from ৳4.72 in 2Q 2023). Revenue: ৳7.87b (up 9.6% from 2Q 2023). Net income: ৳257.2m (down 45% from 2Q 2023). Profit margin: 3.3% (down from 6.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jul 16
Singer Bangladesh Limited to Report Q2, 2024 Results on Jul 22, 2024 Singer Bangladesh Limited announced that they will report Q2, 2024 results on Jul 22, 2024 New Risk • May 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.7b (US$100.0m) This is considered a minor 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 Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (৳11.7b market cap, or US$100.0m). Announcement • Apr 23
Singer Bangladesh Limited to Report Q1, 2024 Results on Apr 24, 2024 Singer Bangladesh Limited announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ৳5.24 (up from ৳0.73 in FY 2022). Revenue: ৳17.0b (flat on FY 2022). Net income: ৳522.1m (up ৳449.0m from FY 2022). Profit margin: 3.1% (up from 0.4% in FY 2022). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in Asia. 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 18
Upcoming dividend of ৳3.50 per share Eligible shareholders must have bought the stock before 25 February 2024. Payment date: 28 April 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Bangladeshi dividend payers (3.5%). Lower than average of industry peers (3.6%). Declared Dividend • Feb 01
Dividend increased to ৳3.50 Dividend of ৳3.50 is 250% higher than last year. Ex-date: 25th February 2024 Payment date: 28th April 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 31
Singer Bangladesh Limited, Annual General Meeting, Mar 28, 2024 Singer Bangladesh Limited, Annual General Meeting, Mar 28, 2024, at 14:00 Bangladesh Standard Time. Announcement • Jan 30
Singer Bangladesh Limited Recommends Cash Dividend for the Year Ended December 31, 2023 Singer Bangladesh Limited recommended 35% cash dividend for the year ended December 31, 2023. Price Target Changed • Jan 26
Price target decreased by 7.3% to ৳147 Down from ৳159, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ৳154. Stock is up 1.1% over the past year. The company is forecast to post earnings per share of ৳5.98 for next year compared to ৳0.73 last year. Announcement • Jan 22
Singer Bangladesh Limited to Report Fiscal Year 2023 Results on Jan 29, 2024 Singer Bangladesh Limited announced that they will report fiscal year 2023 results on Jan 29, 2024 Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: ৳0.88 (vs ৳0.85 loss in 3Q 2022) Third quarter 2023 results: EPS: ৳0.88 (up from ৳0.85 loss in 3Q 2022). Revenue: ৳3.36b (down 35% from 3Q 2022). Net income: ৳87.7m (up ৳172.7m from 3Q 2022). Profit margin: 2.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Asia. Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Oct 17
Singer Bangladesh Limited to Report Q3, 2023 Results on Oct 19, 2023 Singer Bangladesh Limited announced that they will report Q3, 2023 results on Oct 19, 2023 Price Target Changed • Jul 27
Price target decreased by 13% to ৳150 Down from ৳172, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ৳154. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of ৳8.70 for next year compared to ৳0.73 last year. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: ৳4.72 (vs ৳1.40 in 2Q 2022) Second quarter 2023 results: EPS: ৳4.72 (up from ৳1.40 in 2Q 2022). Revenue: ৳7.18b (up 34% from 2Q 2022). Net income: ৳470.8m (up 237% from 2Q 2022). Profit margin: 6.6% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Jul 19
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Price Target Changed • Jul 18
Price target increased by 13% to ৳172 Up from ৳153, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ৳152. Stock is down 3.2% over the past year. The company posted earnings per share of ৳0.73 last year. Announcement • Jul 17
Singer Bangladesh Limited to Report Q2, 2023 Results on Jul 20, 2023 Singer Bangladesh Limited announced that they will report Q2, 2023 results at 2:30 PM, Bangladesh Standard Time on Jul 20, 2023 Reported Earnings • Mar 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ৳0.73 (down from ৳5.20 in FY 2021). Revenue: ৳17.1b (up 8.1% from FY 2021). Net income: ৳73.1m (down 86% from FY 2021). Profit margin: 0.4% (down from 3.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Durables industry in Asia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Price Target Changed • Feb 21
Price target decreased by 7.5% to ৳158 Down from ৳171, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ৳152. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of ৳3.40 for next year compared to ৳5.20 last year. Upcoming Dividend • Feb 12
Upcoming dividend of ৳1.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 19 February 2023. Payment date: 11 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.2%). Announcement • Jan 27
Singer Bangladesh Limited Recommends Cash Dividend for the Year Ended December 31, 2022 Singer Bangladesh Limited announced that the board of directors has recommended 10% cash dividend for the year ended December 31, 2022. Price Target Changed • Nov 16
Price target decreased to ৳171 Down from ৳185, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ৳152. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of ৳5.29 for next year compared to ৳5.20 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Reazul Chowdhury was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: ৳0.85 loss per share (vs ৳1.28 profit in 3Q 2021) Third quarter 2022 results: ৳0.85 loss per share (down from ৳1.28 profit in 3Q 2021). Revenue: ৳5.18b (up 12% from 3Q 2021). Net loss: ৳85.0m (down 167% from profit in 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Durables industry in Asia. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 26
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ৳19.0b to ৳17.9b. EPS estimate also fell from ৳7.15 per share to ৳5.22 per share. Net income forecast to grow 144% next year vs 28% growth forecast for Consumer Durables industry in Bangladesh. Consensus price target down from ৳210 to ৳185. Share price fell 2.5% to ৳153 over the past week. Price Target Changed • Jul 25
Price target decreased to ৳185 Down from ৳210, the current price target is an average from 3 analysts. New target price is 21% above last closing price of ৳153. Stock is down 16% over the past year. The company is forecast to post earnings per share of ৳5.22 for next year compared to ৳5.20 last year. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: ৳1.40 (vs ৳2.89 in 2Q 2021) Second quarter 2022 results: EPS: ৳1.40 (down from ৳2.89 in 2Q 2021). Revenue: ৳5.36b (up 7.9% from 2Q 2021). Net income: ৳139.5m (down 52% from 2Q 2021). Profit margin: 2.6% (down from 5.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ৳11.20 to ৳7.15 per share. Revenue forecast steady at ৳19.0b. Net income forecast to grow 94% next year vs 31% growth forecast for Consumer Durables industry in Bangladesh. Consensus price target down from ৳220 to ৳210. Share price was steady at ৳167 over the past week. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Reazul Chowdhury was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 10
Upcoming dividend of ৳6.00 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 15 May 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Bangladeshi dividend payers (2.9%). Higher than average of industry peers (2.3%). Major Estimate Revision • Nov 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ৳8.24 to ৳7.03 per share. Revenue forecast steady at ৳16.7b. Net income forecast to grow 62% next year vs 21% growth forecast for Consumer Durables industry in Bangladesh. Consensus price target of ৳209 unchanged from last update. Share price was steady at ৳169 over the past week. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS ৳1.28 (vs ৳4.59 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳4.62b (down 26% from 3Q 2020). Net income: ৳127.3m (down 72% from 3Q 2020). Profit margin: 2.8% (down from 7.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 14
Consensus EPS estimates fall to ৳9.58 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ৳17.9b to ৳17.5b. EPS estimate also fell from ৳11.50 to ৳9.58. Net income forecast to grow 43% next year vs 20% growth forecast for Consumer Durables industry in Bangladesh. Consensus price target broadly unchanged at ৳216. Share price was steady at ৳176 over the past week. Is New 90 Day High Low • Jan 12
New 90-day high: ৳182 The company is up 9.0% from its price of ৳168 on 14 October 2020. The Bangladeshi market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳113 per share. Is New 90 Day High Low • Dec 28
New 90-day high: ৳177 The company is up 2.0% from its price of ৳173 on 29 September 2020. The Bangladeshi market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳110 per share. Is New 90 Day High Low • Nov 30
New 90-day low: ৳163 The company is down 2.0% from its price of ৳166 on 01 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳83.69 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳728.0m, down 30% from the prior year. Total revenue was ৳14.5b over the last 12 months, down 4.4% from the prior year. Announcement • Oct 17
Singer Bangladesh to Report Q3, 2020 Results on Oct 21, 2020 Singer Bangladesh announced that they will report Q3, 2020 results at 2:15 PM, GMT Standard Time on Oct 21, 2020 Announcement • Jul 20
Singer Bangladesh to Report Q2, 2020 Results on Jul 23, 2020 Singer Bangladesh announced that they will report Q2, 2020 results at 2:15 PM, GMT Standard Time on Jul 23, 2020