Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. Head of Real Estate & Asset Management and Director Israt Jahan was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 21
Lub-rref (Bangladesh) PLC. to Report Q3, 2026 Results on Apr 28, 2026 Lub-rref (Bangladesh) PLC. announced that they will report Q3, 2026 results on Apr 28, 2026 Announcement • Jan 21
Lub-rref (Bangladesh) PLC. to Report Q2, 2026 Results on Jan 28, 2026 Lub-rref (Bangladesh) PLC. announced that they will report Q2, 2026 results on Jan 28, 2026 Announcement • Dec 07
Lub-rref (Bangladesh) Limited to Report Q1, 2026 Results on Dec 10, 2025 Lub-rref (Bangladesh) Limited announced that they will report Q1, 2026 results on Dec 10, 2025 Announcement • Dec 01
Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 28, 2025 Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 28, 2025, at 12:30 Central Asia Standard Time. Location: hybrid system., Bangladesh Announcement • Nov 25
Lub-rref (Bangladesh) Limited to Report Fiscal Year 2025 Final Results on Nov 27, 2025 Lub-rref (Bangladesh) Limited announced that they will report fiscal year 2025 final results on Nov 27, 2025 Announcement • Oct 21
Lub-rref (Bangladesh) Limited to Report Fiscal Year 2025 Results on Oct 28, 2025 Lub-rref (Bangladesh) Limited announced that they will report fiscal year 2025 results on Oct 28, 2025 Announcement • Apr 24
Lub-rref (Bangladesh) Limited to Report Q3, 2025 Results on Apr 28, 2025 Lub-rref (Bangladesh) Limited announced that they will report Q3, 2025 results on Apr 28, 2025 Announcement • Jan 23
Lub-rref (Bangladesh) Limited to Report Q2, 2025 Results on Jan 29, 2025 Lub-rref (Bangladesh) Limited announced that they will report Q2, 2025 results on Jan 29, 2025 Upcoming Dividend • Nov 17
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 24 November 2024. Payment date: 26 January 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of Bangladeshi dividend payers (4.3%). Lower than average of industry peers (7.4%). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (৳1.82b market cap, or US$15.1m). Declared Dividend • Nov 01
Dividend of ৳0.10 announced Shareholders will receive a dividend of ৳0.10. Ex-date: 24th November 2024 Payment date: 26th January 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend. Announcement • Oct 30
Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 26, 2024 Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 26, 2024, at 12:00 Central Asia Standard Time. Location: hybrid system, Bangladesh Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳11.30, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 25x in the Chemicals industry in Bangladesh. Total loss to shareholders of 73% over the past three years. Announcement • Oct 25
Lub-rref (Bangladesh) Limited to Report Fiscal Year 2024 Results on Oct 29, 2024 Lub-rref (Bangladesh) Limited announced that they will report fiscal year 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ৳14.00, the stock trades at a trailing P/E ratio of 75.9x. Average trailing P/E is 29x in the Chemicals industry in Bangladesh. Total loss to shareholders of 72% over the past three years. New Risk • Aug 07
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 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 Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (৳2.92b market cap, or US$24.8m). New Risk • May 06
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 6.7% 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 Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (৳2.96b market cap, or US$27.0m). Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳0.03 (vs ৳0.46 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.03 (down from ৳0.46 in 3Q 2023). Revenue: ৳160.1m (down 53% from 3Q 2023). Net income: ৳4.37m (down 94% from 3Q 2023). Profit margin: 2.7% (down from 20% 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 49% 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 • Apr 26
Lub-rref (Bangladesh) Limited to Report Q3, 2024 Results on Apr 29, 2024 Lub-rref (Bangladesh) Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Mar 28
Second quarter 2024 earnings released: EPS: ৳0.12 (vs ৳0.50 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.12 (down from ৳0.50 in 2Q 2023). Revenue: ৳232.1m (down 49% from 2Q 2023). Net income: ৳17.7m (down 76% from 2Q 2023). Profit margin: 7.6% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
Lub-rref (Bangladesh) Limited to Report Q2, 2024 Results on Feb 15, 2024 Lub-rref (Bangladesh) Limited announced that they will report Q2, 2024 results on Feb 15, 2024 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳28.80, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 28x in the Chemicals industry in Bangladesh. Total loss to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ৳29.00, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Chemicals industry in Bangladesh. Total loss to shareholders of 19% over the past year. New Risk • Jan 02
New major risk - Revenue and earnings growth Earnings have declined by 3.2% 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 3.2% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (৳5.10b market cap, or US$46.5m). Upcoming Dividend • Nov 19
Upcoming dividend of ৳0.20 per share at 0.6% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 28 January 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.2%). Reported Earnings • Nov 14
Full year 2023 earnings released: EPS: ৳1.41 (vs ৳2.14 in FY 2022) Full year 2023 results: EPS: ৳1.41 (down from ৳2.14 in FY 2022). Revenue: ৳1.45b (down 20% from FY 2022). Net income: ৳204.7m (down 34% from FY 2022). Profit margin: 14% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Announcement • Nov 13
Lub-rref (Bangladesh) Limited to Report Q1, 2024 Results on Nov 13, 2023 Lub-rref (Bangladesh) Limited announced that they will report Q1, 2024 results on Nov 13, 2023 Announcement • Nov 07
Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 27, 2023 Lub-rref (Bangladesh) Limited, Annual General Meeting, Dec 27, 2023, at 12:00 Bangladesh Standard Time. Announcement • Oct 24
Lub-rref (Bangladesh) Limited to Report Fiscal Year 2023 Results on Oct 29, 2023 Lub-rref (Bangladesh) Limited announced that they will report fiscal year 2023 results on Oct 29, 2023 Reported Earnings • Jun 03
Third quarter 2023 earnings released: EPS: ৳0.46 (vs ৳0.40 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.46 (up from ৳0.40 in 3Q 2022). Revenue: ৳337.5m (down 7.7% from 3Q 2022). Net income: ৳67.3m (up 15% from 3Q 2022). Profit margin: 20% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Announcement • May 27
Lub-rref (Bangladesh) Limited to Report Q3, 2023 Results on May 30, 2023 Lub-rref (Bangladesh) Limited announced that they will report Q3, 2023 results on May 30, 2023 Reported Earnings • Feb 09
Second quarter 2023 earnings released: EPS: ৳0.50 (vs ৳0.48 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.50 (up from ৳0.48 in 2Q 2022). Revenue: ৳454.2m (up 6.6% from 2Q 2022). Net income: ৳72.8m (up 3.3% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Reported Earnings • Nov 22
First quarter 2023 earnings released: EPS: ৳0.55 (vs ৳0.53 in 1Q 2022) First quarter 2023 results: EPS: ৳0.55 (up from ৳0.53 in 1Q 2022). Revenue: ৳438.8m (down 13% from 1Q 2022). Net income: ৳79.5m (up 2.7% from 1Q 2022). Profit margin: 18% (up from 15% in 1Q 2022). The increase in margin was driven by lower expenses. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Head of Real Estate & Asset Management and Director Israt Jahan was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 16% share price gain to ৳43.30, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 26x in the Chemicals industry in Bangladesh. Total returns to shareholders of 2.8% over the past year. Announcement • Nov 01
Lub-Rref (Bangladesh) Limited Recommends Cash Dividend for the Year Ended June 30, 2022 Lub-rref (Bangladesh) Limited of Lub-rref (Bangladesh) Limited has recommended 10% cash dividend for the year ended June 30, 2022. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 18% share price gain to ৳36.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Chemicals industry in Bangladesh. Total loss to shareholders of 14% over the past year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Head of Real Estate & Asset Management and Director Israt Jahan was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ৳0.53 (down from ৳0.69 in 1Q 2021). Revenue: ৳501.3m (up 24% from 1Q 2021). Net income: ৳77.4m (up 13% from 1Q 2021). Profit margin: 15% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to ৳47.90, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 32x in the Chemicals industry in Bangladesh. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 18% share price gain to ৳47.90, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 34x in the Chemicals industry in Bangladesh. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 21% share price gain to ৳41.10, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 33x in the Chemicals industry in Bangladesh. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ৳32.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 32x in the Chemicals industry in Bangladesh.