New Risk • Jun 26
New major risk - Revenue and earnings growth Earnings have declined by 1.9% 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 Earnings have declined by 1.9% per year over the past 5 years. High level of non-cash earnings (43% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 40x cash flows per share). Market cap is less than US$100m (৳8.36b market cap, or US$68.0m). Upcoming Dividend • Jun 03
Upcoming dividend of ৳1.50 per share Eligible shareholders must have bought the stock before 07 June 2026. Payment date: 29 July 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Bangladeshi dividend payers (3.8%). In line with average of industry peers (4.0%). Board Change • May 20
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. 4 non-independent directors. Independent Director Nausheen Rahman was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
DBH Finance plc announces Annual dividend, payable on July 29, 2026 DBH Finance plc announced Annual dividend of BDT 1.5000 per share payable on July 29, 2026, ex-date on June 07, 2026 and record date on June 04, 2026. Announcement • May 11
DBH Finance PLC., Annual General Meeting, Jun 29, 2026 DBH Finance PLC., Annual General Meeting, Jun 29, 2026, at 11:30 Central Asia Standard Time. Announcement • May 02
DBH Finance PLC. to Report Fiscal Year 2025 Results on May 10, 2026 DBH Finance PLC. announced that they will report fiscal year 2025 results on May 10, 2026 Announcement • Oct 14
DBH Finance PLC. to Report Q3, 2025 Results on Oct 19, 2025 DBH Finance PLC. announced that they will report Q3, 2025 results on Oct 19, 2025 Announcement • Jul 23
DBH Finance PLC. to Report Q2, 2025 Results on Jul 29, 2025 DBH Finance PLC. announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • May 07
DBH Finance plc announces Annual dividend, payable on July 20, 2025 DBH Finance plc announced Annual dividend of BDT 1.5000 per share payable on July 20, 2025, ex-date on May 28, 2025 and record date on May 27, 2025. Announcement • May 06
DBH Finance PLC., Annual General Meeting, Jun 19, 2025 DBH Finance PLC., Annual General Meeting, Jun 19, 2025, at 11:30 Central Asia Standard Time. Announcement • Apr 25
DBH Finance PLC. to Report Q1, 2025 Results on May 05, 2025 DBH Finance PLC. announced that they will report Q1, 2025 results on May 05, 2025 Announcement • Apr 17
DBH Finance PLC. to Report Fiscal Year 2024 Results on Apr 24, 2025 DBH Finance PLC. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 20
Third quarter 2024 earnings released: EPS: ৳1.68 (vs ৳1.20 in 3Q 2023) Third quarter 2024 results: EPS: ৳1.68 (up from ৳1.20 in 3Q 2023). Revenue: ৳624.0m (up 16% from 3Q 2023). Net income: ৳332.8m (up 40% from 3Q 2023). Profit margin: 53% (up from 44% in 3Q 2023). The increase in margin was primarily 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 fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Oct 10
DBH Finance PLC. to Report Q3, 2024 Results on Oct 17, 2024 DBH Finance PLC. announced that they will report Q3, 2024 results on Oct 17, 2024 New Risk • Aug 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 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (৳9.09b market cap, or US$77.2m). Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: ৳0.78 (vs ৳1.15 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.78 (down from ৳1.15 in 2Q 2023). Revenue: ৳544.2m (up 1.5% from 2Q 2023). Net income: ৳154.5m (down 33% from 2Q 2023). Profit margin: 28% (down from 43% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Jul 24
DBH Finance PLC. to Report Q2, 2024 Results on Jul 28, 2024 DBH Finance PLC. announced that they will report Q2, 2024 results on Jul 28, 2024 Buy Or Sell Opportunity • Jun 13
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to ৳29.90. The fair value is estimated to be ৳24.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.8%. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: ৳0.87 (vs ৳1.31 in 1Q 2023) First quarter 2024 results: EPS: ৳0.87 (down from ৳1.31 in 1Q 2023). Revenue: ৳590.3m (up 5.0% from 1Q 2023). Net income: ৳172.5m (down 34% from 1Q 2023). Profit margin: 29% (down from 47% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 19% growth forecast for the Consumer Finance industry in Asia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Apr 26
DBH Finance PLC., Annual General Meeting, May 16, 2024 DBH Finance PLC., Annual General Meeting, May 16, 2024, at 11:00 Bangladesh Standard Time. Agenda: To consider and approve of Directors' Report, Audited Financial Statements for the year ended December 31, 2023, and the Auditors' Report thereon; to consider and declare of dividend for the year ended December 31, 2023; to consider and approve the Appointment/re-appointment of Directors; and to consider other matters. Upcoming Dividend • Apr 08
Upcoming dividend of ৳1.50 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Bangladeshi dividend payers (3.9%). Higher than average of industry peers (1.5%). New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 0.02% 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 Risk Earnings have declined by 0.02% per year over the past 5 years. Minor Risk Market cap is less than US$100m (৳7.94b market cap, or US$72.4m). Declared Dividend • Mar 14
Dividend of ৳1.50 announced Shareholders will receive a dividend of ৳1.50. Ex-date: 15th April 2024 Payment date: 19th June 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Mar 13
DBH Finance PLC. Recommends Cash Dividend for the Year Ended December 31, 2023 DBH Finance PLC. has recommended 15% Cash Dividend for the year ended December 31, 2023. Announcement • Mar 05
DBH Finance PLC. to Report Fiscal Year 2023 Results on Mar 11, 2024 DBH Finance PLC. announced that they will report fiscal year 2023 results on Mar 11, 2024 Price Target Changed • Jan 25
Price target decreased by 10% to ৳44.00 Down from ৳49.02, the current price target is provided by 1 analyst. New target price is 7.9% below last closing price of ৳47.80. Stock is down 16% over the past year. The company posted earnings per share of ৳5.11 last year. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: ৳1.20 (vs ৳1.20 in 3Q 2022) Third quarter 2023 results: EPS: ৳1.20 (up from ৳1.20 in 3Q 2022). Revenue: ৳536.4m (down 1.0% from 3Q 2022). Net income: ৳238.2m (flat on 3Q 2022). Profit margin: 44% (in line with 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Consumer Finance industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Oct 24
DBH Finance PLC to Report Q3, 2023 Results on Oct 30, 2023 DBH Finance PLC announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: ৳1.15 (vs ৳1.20 in 2Q 2022) Second quarter 2023 results: EPS: ৳1.15 (down from ৳1.20 in 2Q 2022). Revenue: ৳536.3m (down 2.5% from 2Q 2022). Net income: ৳228.9m (down 4.3% from 2Q 2022). Profit margin: 43% (in line with 2Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Consumer Finance industry in Asia. 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 8% per year, which means it is significantly lagging earnings. Announcement • Jul 28
DBH Finance PLC to Report Q2, 2023 Results on Jul 30, 2023 DBH Finance PLC announced that they will report Q2, 2023 results on Jul 30, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: ৳1.34 (vs ৳1.56 in 1Q 2022) First quarter 2023 results: EPS: ৳1.34 (down from ৳1.56 in 1Q 2022). Revenue: ৳562.0m (down 14% from 1Q 2022). Net income: ৳261.1m (down 16% from 1Q 2022). Profit margin: 47% (in line with 1Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Asia. Announcement • May 09
DBH Finance PLC to Report Q1, 2023 Results on May 10, 2023 DBH Finance PLC announced that they will report Q1, 2023 results on May 10, 2023 Upcoming Dividend • Apr 13
Upcoming dividend of ৳1.50 per share at 2.6% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 18 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: ৳5.21 (vs ৳5.35 in FY 2021) Full year 2022 results: EPS: ৳5.21 (down from ৳5.35 in FY 2021). Revenue: ৳2.30b (up 1.9% from FY 2021). Net income: ৳1.02b (down 2.6% from FY 2021). Profit margin: 44% (down from 46% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Asia. 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 8% per year, which means it is significantly lagging earnings. 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 Syeed Ahmed was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: ৳1.23 (vs ৳0.96 in 2Q 2021) Second quarter 2022 results: EPS: ৳1.23 (up from ৳0.96 in 2Q 2021). Revenue: ৳549.9m (up 20% from 2Q 2021). Net income: ৳239.2m (up 28% from 2Q 2021). Profit margin: 44% (up from 41% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 16% compared to a 351% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 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 Syeed Ahmed was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 12
Delta Brac Housing Finance Corporation Limited, Annual General Meeting, Apr 17, 2022 Delta Brac Housing Finance Corporation Limited, Annual General Meeting, Apr 17, 2022, at 11:30 Bangladesh Standard Time. Agenda: To Consideration and adoption of Directors' Report, Audited Financial Statements for the year ended December 31, 2021, and the Auditors' Report thereon; To Declaration of dividend for the year ended December 31, 2021; To consider Appointment/re-appointment of Directors;and discus other matters. Upcoming Dividend • Mar 16
Upcoming dividend of ৳1.50 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Bangladeshi dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 03
Delta Brac Housing Finance Corporation Limited Recommends Cash Dividend for the Year Ended on December 31, 2021 Delta Brac Housing Finance Corporation Limited has recommended 15% cash dividend for the year ended on December 31, 2021. Record date is March 22, 2022. Price Target Changed • Feb 05
Price target decreased to ৳56.00 Down from ৳76.50, the current price target is provided by 1 analyst. New target price is 27% below last closing price of ৳77.00. Stock is down 4.4% over the past year. The company posted earnings per share of ৳5.03 last year. Reported Earnings • May 09
First quarter 2021 earnings released: EPS ৳2.01 (vs ৳1.46 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳612.1m (up 9.1% from 1Q 2020). Net income: ৳310.2m (up 20% from 1Q 2020). Profit margin: 51% (up from 46% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Upcoming Dividend • Apr 08
Upcoming dividend of ৳1.50 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 06 June 2021. Trailing yield: 1.6%. Lower than top quartile of Bangladeshi dividend payers (3.6%). Higher than average of industry peers (1.3%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ৳5.78 (vs ৳6.99 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ৳2.00b (down 6.0% from FY 2019). Net income: ৳890.9m (down 17% from FY 2019). Profit margin: 45% (down from 51% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳804.4m, down 24% from the prior year. Total revenue was ৳1.88b over the last 12 months, down 11% from the prior year. Announcement • Jul 26
Delta Brac Housing Finance Corporation Limited to Report Q2, 2020 Results on Jul 29, 2020 Delta Brac Housing Finance Corporation Limited announced that they will report Q2, 2020 results on Jul 29, 2020 
