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. 4 non-independent directors. Independent Director Mohammad Chowdhury was the last independent director to join the board, commencing their role in 2024. 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 • May 05
IPDC Finance PLC. to Report Q1, 2026 Results on May 10, 2026 IPDC Finance PLC. announced that they will report Q1, 2026 results on May 10, 2026 Announcement • Apr 30
IPDC Finance plc announces Annual dividend, payable on July 26, 2026 IPDC Finance plc announced Annual dividend of BDT 0.5000 per share payable on July 26, 2026, ex-date on June 03, 2026 and record date on June 02, 2026. Announcement • Apr 29
IPDC Finance PLC., Annual General Meeting, Jun 25, 2026 IPDC Finance PLC., Annual General Meeting, Jun 25, 2026, at 09:00 Central Asia Standard Time. Announcement • Apr 21
IPDC Finance PLC. to Report Fiscal Year 2025 Results on Apr 28, 2026 IPDC Finance PLC. announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Oct 22
IPDC Finance PLC. to Report Q3, 2025 Results on Oct 28, 2025 IPDC Finance PLC. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 22
IPDC Finance PLC. to Report Q2, 2025 Results on Jul 28, 2025 IPDC Finance PLC. announced that they will report Q2, 2025 results on Jul 28, 2025 Announcement • May 13
IPDC Finance PLC. to Report Q1, 2025 Results on May 14, 2025 IPDC Finance PLC. announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Mar 14
IPDC Finance PLC. to Report Fiscal Year 2024 Results on Mar 24, 2025 IPDC Finance PLC. announced that they will report fiscal year 2024 results on Mar 24, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: ৳0.12 (vs ৳0.22 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.12 (down from ৳0.22 in 3Q 2023). Revenue: ৳432.5m (down 12% from 3Q 2023). Net income: ৳47.3m (down 45% from 3Q 2023). Profit margin: 11% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 21
IPDC Finance PLC. to Report Q3, 2024 Results on Oct 28, 2024 IPDC Finance PLC. announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ৳0.22 (vs ৳0.21 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.22 (up from ৳0.21 in 2Q 2023). Revenue: ৳599.4m (up 4.3% from 2Q 2023). Net income: ৳85.1m (up 6.4% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). 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 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
IPDC Finance Limited to Report Q2, 2024 Results on Jul 31, 2024 IPDC Finance Limited announced that they will report Q2, 2024 results on Jul 31, 2024 New Risk • May 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (৳10.1b market cap, or US$86.5m). Announcement • May 08
IPDC Finance Limited to Report Q1, 2024 Results on May 09, 2024 IPDC Finance Limited announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • May 02
Full year 2023 earnings released: EPS: ৳0.92 (vs ৳2.31 in FY 2022) Full year 2023 results: EPS: ৳0.92 (down from ৳2.31 in FY 2022). Revenue: ৳2.26b (down 15% from FY 2022). Net income: ৳343.0m (down 62% from FY 2022). Profit margin: 15% (down from 34% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 18
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Bangladeshi dividend payers (3.9%). Lower than average of industry peers (3.4%). Announcement • Apr 01
IPDC Finance Limited, Annual General Meeting, May 16, 2024 IPDC Finance Limited, Annual General Meeting, May 16, 2024, at 11:00 Bangladesh Standard Time. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳23.50, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Total returns to shareholders of 9.4% over the past three years. New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳10.9b (US$99.2m) 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: Minor Risks 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 (8.9% average weekly change). Market cap is less than US$100m (৳10.9b market cap, or US$99.2m). Announcement • Mar 08
IPDC Finance Limited to Report Fiscal Year 2023 Results on Mar 18, 2024 IPDC Finance Limited announced that they will report fiscal year 2023 results on Mar 18, 2024 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳38.70, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 18x in the Diversified Financial industry in Asia. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ৳42.20, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Total returns to shareholders of 66% over the past three years. Board Change • Jan 12
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. 7 non-independent directors. Independent Director Shah Md. Habib 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. Board Change • Nov 18
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. 7 non-independent directors. Independent Director Shah Md. Habib 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 25
Third quarter 2023 earnings released: EPS: ৳0.23 (vs ৳0.49 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.23 (down from ৳0.49 in 3Q 2022). Revenue: ৳505.4m (down 14% from 3Q 2022). Net income: ৳85.3m (down 53% from 3Q 2022). Profit margin: 17% (down from 31% in 3Q 2022). 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 but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Oct 19
IPDC Finance Limited to Report Q3, 2023 Results on Oct 23, 2023 IPDC Finance Limited announced that they will report Q3, 2023 results on Oct 23, 2023 Board Change • Oct 06
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. 7 non-independent directors. Independent Director Shah Md. Habib 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 • Aug 01
Second quarter 2023 earnings released: EPS: ৳0.22 (vs ৳0.59 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.22 (down from ৳0.59 in 2Q 2022). Revenue: ৳576.0m (down 24% from 2Q 2022). Net income: ৳80.0m (down 63% from 2Q 2022). Profit margin: 14% (down from 29% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
IPDC Finance Limited to Report Q2, 2023 Results on Jul 31, 2023 IPDC Finance Limited announced that they will report Q2, 2023 results on Jul 31, 2023 Announcement • Jun 05
IPDC Finance Limited Appoints Mir Khairul Alam as Nominee Director IPDC Finance Limited has informed that the Board of Directors has appointed Mr. Mir Khairul Alam, Additional Secretary, Ministry of Industries as Nominee Director on the Board of the company. Announcement • May 09
IPDC Finance Limited to Report Q1, 2023 Results on May 08, 2023 IPDC Finance Limited announced that they will report Q1, 2023 results on May 08, 2023 Reported Earnings • Apr 15
Full year 2022 earnings released Full year 2022 results: Net income: ৳901.0m (up 2.3% from FY 2021). Upcoming Dividend • Mar 15
Upcoming dividend of ৳1.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 28 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.1%). Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Shah Md. Habib was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: ৳0.49 (vs ৳0.59 in 3Q 2021) Third quarter 2022 results: EPS: ৳0.49 (down from ৳0.59 in 3Q 2021). Revenue: ৳687.5m (up 12% from 3Q 2021). Net income: ৳180.1m (down 18% from 3Q 2021). Profit margin: 26% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 23% share price gain to ৳76.20, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 17x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 286% over the past three years. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: ৳0.59 (vs ৳0.55 in 2Q 2021) Second quarter 2022 results: EPS: ৳0.59 (up from ৳0.55 in 2Q 2021). Revenue: ৳753.8m (up 12% from 2Q 2021). Net income: ৳217.4m (up 5.8% from 2Q 2021). Profit margin: 29% (down from 30% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to ৳55.60, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 18x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ৳46.50, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 16x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 106% over the past three years. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Shah Md. Habib was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 18% share price gain to ৳41.30, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Mar 16
Upcoming dividend of ৳1.20 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Bangladeshi dividend payers (3.2%). Higher than average of industry peers (2.9%). Announcement • Mar 03
IPDC Finance Limited Declares Cash Dividend for the Year Ended December 31, 2021 IPDC Finance Limited has recommended 12% Cash dividend for the year ended December 31, 2021. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS ৳0.59 (vs ৳0.50 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳619.7m (up 15% from 3Q 2020). Net income: ৳220.0m (up 18% from 3Q 2020). Profit margin: 36% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 15% share price gain to ৳46.50, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 21x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improved over the past week After last week's 21% share price gain to ৳41.00, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 19x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to ৳34.80, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 58% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS ৳0.55 (vs ৳0.45 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳677.1m (up 16% from 2Q 2020). Net income: ৳205.4m (up 23% from 2Q 2020). Profit margin: 30% (up from 28% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS ৳0.55 (vs ৳0.42 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳675.4m (up 21% from 1Q 2020). Net income: ৳204.9m (up 37% from 1Q 2020). Profit margin: 30% (up from 27% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS ৳1.90 (vs ৳1.74 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ৳2.35b (up 19% from FY 2019). Net income: ৳705.6m (up 25% from FY 2019). Profit margin: 30% (up from 28% in FY 2019). The increase in margin was driven by higher revenue. 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. Is New 90 Day High Low • Mar 15
New 90-day low: ৳24.70 The company is down 4.0% from a price of ৳25.80 on 15 December 2020. Underperformed the Bangladeshi market, which is up 10.0% over the last 90 days. Lagged the Diversified Financial industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ৳29.20 The company is up 1.0% from its price of ৳28.80 on 06 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 3.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: ৳25.40 The company is down 7.0% from its price of ৳27.20 on 20 August 2020. The Bangladeshi market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 7.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳622.0m, up 2.6% from the prior year. Total revenue was ৳2.23b over the last 12 months, up 12% from the prior year. Announcement • Oct 17
IPDC Finance Limited to Report Q3, 2020 Results on Oct 21, 2020 IPDC Finance Limited announced that they will report Q3, 2020 results on Oct 21, 2020 Announcement • Jul 18
IPDC Finance Limited to Report Q2, 2020 Results on Jul 22, 2020 IPDC Finance Limited announced that they will report Q2, 2020 results on Jul 22, 2020