Board Change • 1h
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. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Mahbub Rahman was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 28
aamra technologies limited to Report Q3, 2025 Results on Apr 30, 2025 aamra technologies limited announced that they will report Q3, 2025 results on Apr 30, 2025 Announcement • Jan 27
aamra technologies limited to Report Q2, 2025 Results on Jan 30, 2025 aamra technologies limited announced that they will report Q2, 2025 results on Jan 30, 2025 Upcoming Dividend • Nov 14
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 19 November 2024. Payment date: 30 January 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.6%. Lower than top quartile of Bangladeshi dividend payers (4.5%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 12
Full year 2024 earnings released: ৳0.12 loss per share (vs ৳0.70 profit in FY 2023) Full year 2024 results: ৳0.12 loss per share (down from ৳0.70 profit in FY 2023). Revenue: ৳636.6m (down 59% from FY 2023). Net loss: ৳7.91m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Nov 12
aamra technologies limited to Report Q1, 2025 Results on Nov 14, 2024 aamra technologies limited announced that they will report Q1, 2025 results on Nov 14, 2024 Declared Dividend • Oct 31
Dividend of ৳0.10 announced Shareholders will receive a dividend of ৳0.10. Ex-date: 19th November 2024 Payment date: 30th January 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (328% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 265% to bring the payout ratio under control. However, EPS has declined by 24% over the last 5 years so the company would need to reverse this trend. New Risk • Oct 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.18b (US$9.89m) This is considered a major 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. Payout ratio: 328% Dividend per share is over 5x cash flows per share. Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (৳1.18b market cap, or US$9.89m). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Oct 21
aamra technologies limited to Report Q4, 2024 Results on Oct 28, 2024 aamra technologies limited announced that they will report Q4, 2024 results on Oct 28, 2024 Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: ৳0.06 (vs ৳0.16 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.06 (down from ৳0.16 in 3Q 2023). Revenue: ৳84.3m (down 79% from 3Q 2023). Net income: ৳3.86m (down 63% from 3Q 2023). Profit margin: 4.6% (up from 2.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 28
aamra technologies limited to Report Q3, 2024 Results on Apr 29, 2024 aamra technologies limited announced that they will report Q3, 2024 results on Apr 29, 2024 Buy Or Sell Opportunity • Mar 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ৳27.50. The fair value is estimated to be ৳34.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 22%. Reported Earnings • Feb 01
Second quarter 2024 earnings released: EPS: ৳0.04 (vs ৳0.18 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.04 (down from ৳0.18 in 2Q 2023). Revenue: ৳166.5m (down 52% from 2Q 2023). Net income: ৳2.63m (down 72% from 2Q 2023). Profit margin: 1.6% (down from 2.8% 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 22% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ৳27.30. The fair value is estimated to be ৳34.52, however this is not to be taken as a buy 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 11%. Announcement • Jan 25
aamra technologies limited to Report Q2, 2024 Results on Jan 30, 2024 aamra technologies limited announced that they will report Q2, 2024 results on Jan 30, 2024 Upcoming Dividend • Nov 13
Upcoming dividend of ৳1.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 20 November 2023. Payment date: 30 January 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Bangladeshi dividend payers (3.3%). Higher than average of industry peers (1.7%). New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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 (2.0x net interest cover). Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (৳2.03b market cap, or US$18.3m). Reported Earnings • Nov 07
Full year 2023 earnings released: EPS: ৳0.70 (vs ৳1.68 in FY 2022) Full year 2023 results: EPS: ৳0.70 (down from ৳1.68 in FY 2022). Revenue: ৳1.54b (down 33% from FY 2022). Net income: ৳45.2m (down 58% from FY 2022). Profit margin: 2.9% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Oct 24
aamra technologies limited to Report Fiscal Year 2023 Results on Oct 28, 2023 aamra technologies limited announced that they will report fiscal year 2023 results on Oct 28, 2023 Announcement • Aug 25
aamra technologies limited Announces Assign Md. Manirul Hossain as the Company Secretary aamra technologies limited announced that the board of directors has assigned Mr. Md. Manirul Hossain as the company secretary of the company. Reported Earnings • May 02
Third quarter 2023 earnings released: EPS: ৳0.16 (vs ৳0.34 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.16 (down from ৳0.34 in 3Q 2022). Revenue: ৳394.6m (down 32% from 3Q 2022). Net income: ৳10.3m (down 53% from 3Q 2022). Profit margin: 2.6% (down from 3.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ৳42.10, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 22x in the IT industry in Asia. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Nov 20
Upcoming dividend of ৳0.60 per share Eligible shareholders must have bought the stock before 27 November 2022. Payment date: 29 January 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (1.7%). 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. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Director Syeda Ahmed was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 08
Aamra Technologies Limited Recommends Dividend for Year Ended June 30, 2022 aamra technologies limited has recommended 6% cash and 6% stock dividend for the year ended June 30, 2022. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 25% share price gain to ৳56.80, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 21x in the IT industry in Asia. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improved over the past week After last week's 18% share price gain to ৳44.50, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 20x in the IT industry in Asia. Total returns to shareholders of 149% over the past three years. 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. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Director Syeda Ahmed was the last director to join the board, commencing their role in 2009. 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 • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ৳41.00, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 23x in the IT industry in Asia. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ৳41.00, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 23x in the IT industry in Asia. Total returns to shareholders of 70% over the past three years. Reported Earnings • Feb 05
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.57 (up from ৳0.29 in 2Q 2021). Revenue: ৳754.9m (up 45% from 2Q 2021). Net income: ৳36.8m (up 101% from 2Q 2021). Profit margin: 4.9% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Nov 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ৳0.48 (up from ৳0.36 in 1Q 2021). Revenue: ৳690.6m (up 69% from 1Q 2021). Net income: ৳30.6m (up 33% from 1Q 2021). Profit margin: 4.4% (down from 5.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 17% share price gain to ৳36.70, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 48% over the past three years. Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS ৳0.32 (vs ৳0.49 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳519.2m (down 18% from 2Q 2020). Net income: ৳18.3m (down 36% from 2Q 2020). Profit margin: 3.5% (down from 4.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Feb 08
New 90-day low: ৳25.00 The company is down 13% from its price of ৳28.70 on 10 November 2020. The Bangladeshi market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: ৳25.20 The company is down 5.0% from its price of ৳26.40 on 24 September 2020. The Bangladeshi market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 2.0% over the same period. Upcoming Dividend • Nov 16
Upcoming Dividend of ৳1.00 Per Share Will be paid on the 28th of January to those who are registered shareholders by the 23rd of November. The trailing yield of 3.7% is below the top quartile of Bangladeshi dividend payers (3.8%), but it is higher than industry peers (1.3%). Is New 90 Day High Low • Nov 10
New 90-day high: ৳29.30 The company is up 14% from its price of ৳25.70 on 12 August 2020. The Bangladeshi market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Announcement • Oct 17
aamra technologies limited to Report Fiscal Year 2020 Results on Oct 27, 2020 aamra technologies limited announced that they will report fiscal year 2020 results on Oct 27, 2020 Announcement • Jun 21
aamra technologies limited to Report Q3, 2020 Results on Jun 18, 2020 aamra technologies limited announced that they will report Q3, 2020 results on Jun 18, 2020