Announcement • Mar 18
APM Terminals Bahrain B.S.C. to Report Q1, 2026 Results on May 05, 2026 APM Terminals Bahrain B.S.C. announced that they will report Q1, 2026 results on May 05, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: ب.د0.10 (vs ب.د0.11 in FY 2024) Full year 2025 results: EPS: ب.د0.10 (down from ب.د0.11 in FY 2024). Revenue: ب.د39.9m (up 1.4% from FY 2024). Net income: ب.د9.12m (down 7.6% from FY 2024). Profit margin: 23% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 04
Dividend of ب.د0.10 announced Shareholders will receive a dividend of ب.د0.10. Ex-date: 1st April 2026 Payment date: 16th April 2026 Dividend yield will be 9.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.4% to bring the payout ratio under control. However, EPS has declined by 6.6% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 03
APM Terminals Bahrain B.S.C. announces Annual dividend, payable on April 16, 2026 APM Terminals Bahrain B.S.C. announced Annual dividend of BHD 0.1013 per share payable on April 16, 2026, ex-date on April 01, 2026 and record date on April 02, 2026. Announcement • Mar 02
APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 30, 2026 APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 30, 2026. New Risk • Mar 02
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 Bahraini stocks, typically moving 2.5% 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: Major Risk Earnings have declined by 6.8% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (2.5% average weekly change). Announcement • Dec 18
APM Terminals Bahrain B.S.C. to Report Fiscal Year 2025 Results on Feb 26, 2026 APM Terminals Bahrain B.S.C. announced that they will report fiscal year 2025 results on Feb 26, 2026 Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ب.د0.02 (vs ب.د0.028 in 2Q 2024) Second quarter 2025 results: EPS: ب.د0.02 (down from ب.د0.028 in 2Q 2024). Revenue: ب.د9.08m (down 7.4% from 2Q 2024). Net income: ب.د1.81m (down 29% from 2Q 2024). Profit margin: 20% (down from 26% in 2Q 2024). 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 4% per year, which means it is significantly lagging earnings. Announcement • Jun 23
APM Terminals Bahrain B.S.C. to Report Q2, 2025 Results on Aug 07, 2025 APM Terminals Bahrain B.S.C. announced that they will report Q2, 2025 results on Aug 07, 2025 New Risk • Jun 22
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 Bahraini stocks, typically moving 3.4% 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 Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (3.4% average weekly change). New Risk • May 18
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 Bahraini stocks, typically moving 3.8% 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 Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (3.8% average weekly change). Reported Earnings • May 13
First quarter 2025 earnings released: EPS: ب.د0.027 (vs ب.د0.025 in 1Q 2024) First quarter 2025 results: EPS: ب.د0.027 (up from ب.د0.025 in 1Q 2024). Revenue: ب.د10.1m (up 8.6% from 1Q 2024). Net income: ب.د2.42m (up 5.7% from 1Q 2024). Profit margin: 24% (in line with 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Infrastructure industry in Asia. 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 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 27
Upcoming dividend of ب.د0.11 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 16 April 2025. Payout ratio and cash payout ratio are on the higher end at 91% and 80% respectively. Trailing yield: 7.7%. Within top quartile of Bahraini dividend payers (7.6%). Higher than average of industry peers (3.0%). Announcement • Mar 17
APM Terminals Bahrain B.S.C. to Report Q1, 2025 Results on May 08, 2025 APM Terminals Bahrain B.S.C. announced that they will report Q1, 2025 results on May 08, 2025 Declared Dividend • Feb 26
Dividend increased to ب.د0.11 Dividend of ب.د0.11 is 21% higher than last year. Ex-date: 31st March 2025 Payment date: 16th April 2025 Dividend yield will be 9.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.4% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Announcement • Feb 24
APM Terminals Bahrain B.S.C. Recommends Dividend Distribution for the Fiscal Year Ending 31 December 2024, Payable on 16 April 2025 The Board of Directors of APM terminals Bahrain B.S.C. resolved, at its meeting held on 20 February 2025, to recommend the distribution of dividends for the year ending 31 December 2024. The proposed dividend distribution includes a cash dividend of 109.607% of the share's nominal value, equivalent to 109.607 fils per share, amounting to BHD 9,864,630. This recommendation is subject to the approval of the shareholders at the upcoming Annual General Meeting scheduled for 27 March 2025. The key dates associated with this dividend distribution are as follows: the Cum-Dividend Date is 30 March 2025, the Ex-Dividend Date is 31 March 2025, the Record Date is 1 April 2025, and the Payment Date is 16 April 2025. Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: ب.د0.11 (vs ب.د0.084 in FY 2023) Full year 2024 results: EPS: ب.د0.11 (up from ب.د0.084 in FY 2023). Revenue: ب.د39.3m (up 9.4% from FY 2023). Net income: ب.د9.87m (up 31% from FY 2023). Profit margin: 25% (up from 21% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • Feb 04
APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 27, 2025 APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 27, 2025. Announcement • Dec 22
APM Terminals Bahrain B.S.C. to Report Fiscal Year 2024 Results on Feb 20, 2025 APM Terminals Bahrain B.S.C. announced that they will report fiscal year 2024 results on Feb 20, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ب.د0.028 (vs ب.د0.025 in 3Q 2023) Third quarter 2024 results: EPS: ب.د0.028 (up from ب.د0.025 in 3Q 2023). Revenue: ب.د10.0m (up 5.1% from 3Q 2023). Net income: ب.د2.50m (up 13% from 3Q 2023). Profit margin: 25% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Announcement • Sep 10
APM Terminals Bahrain B.S.C. to Report Q3, 2024 Results on Nov 13, 2024 APM Terminals Bahrain B.S.C. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ب.د0.028 (vs ب.د0.021 in 2Q 2023) Second quarter 2024 results: EPS: ب.د0.028 (up from ب.د0.021 in 2Q 2023). Revenue: ب.د9.82m (up 9.3% from 2Q 2023). Net income: ب.د2.56m (up 35% from 2Q 2023). Profit margin: 26% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 15
APM Terminals Bahrain B.S.C. to Report Q2, 2024 Results on Aug 07, 2024 APM Terminals Bahrain B.S.C. announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 10
First quarter 2024 earnings released: EPS: ب.د0.025 (vs ب.د0.021 in 1Q 2023) First quarter 2024 results: EPS: ب.د0.025 (up from ب.د0.021 in 1Q 2023). Revenue: ب.د9.32m (up 8.8% from 1Q 2023). Net income: ب.د2.29m (up 24% from 1Q 2023). Profit margin: 25% (up from 22% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
APM Terminals Bahrain Announces Executive Changes APM Terminals Bahrain announced the resignation of Mr. Abdelrahman El-Shamy from his position as Chief Operations Officer effective May 15, 2024, due to accepting another position with APM Terminals Global Operations Team. Mr. Michael Claudius will act as interim Chief Operations Officer till the joining of the Mr. El-Shamy's replacement, Mr. Kamal Al-hraishat on July 14, 2024. Mr. Al-hraishat comes with over 20 years of diverse experience in the maritime industry. His career has spanned across different geographical locations, including Jordan, Angola and Saudi Arabia, providing him with a rich cultural and professional exposure. Price Target Changed • Apr 22
Price target decreased by 14% to ب.د1.25 Down from ب.د1.45, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of ب.د1.16. Stock is down 1.7% over the past year. The company posted earnings per share of ب.د0.084 last year. Upcoming Dividend • Mar 24
Upcoming dividend of ب.د0.091 per share Eligible shareholders must have bought the stock before 31 March 2024. Payment date: 16 April 2024. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 7.4%. Within top quartile of Bahraini dividend payers (7.3%). Higher than average of industry peers (3.0%). Announcement • Mar 21
APM Terminals Bahrain B.S.C. to Report Q1, 2024 Results on May 09, 2024 APM Terminals Bahrain B.S.C. announced that they will report Q1, 2024 results on May 09, 2024 Declared Dividend • Mar 02
Dividend increased to ب.د0.091 Dividend of ب.د0.091 is 3.3% higher than last year. Ex-date: 31st March 2024 Payment date: 16th April 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (86% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. However, EPS has declined by 6.3% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ب.د0.084 (vs ب.د0.088 in FY 2022) Full year 2023 results: EPS: ب.د0.084 (down from ب.د0.088 in FY 2022). Revenue: ب.د35.9m (down 3.5% from FY 2022). Net income: ب.د7.54m (down 4.4% from FY 2022). Profit margin: 21% (in line with FY 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 01
APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 27, 2024 APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 27, 2024. Announcement • Feb 29
APM Terminals Bahrain B.S.C. Proposes Cash Dividend for the Year 2023, Payable on April 16, 2024 APM Terminals Bahrain B.S.C. at its AGM held on March 27, 2024 proposed Cash dividend of 90.51 % of share nominal value, equivalent to 90.511 fils per share amounting to BD 8,145,990 for the year 2023. Dividend payable on April 16, 2024, record date of April 1, 2024 and ex-dividend date of March 31, 2024. Price Target Changed • Jan 30
Price target decreased by 14% to ب.د1.25 Down from ب.د1.45, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ب.د1.11. Stock is down 10% over the past year. The company posted earnings per share of ب.د0.088 last year. Price Target Changed • Jan 15
Price target decreased by 14% to ب.د1.25 Down from ب.د1.45, the current price target is provided by 1 analyst. New target price is 11% above last closing price of ب.د1.13. Stock is down 8.9% over the past year. The company posted earnings per share of ب.د0.088 last year. Announcement • Dec 28
APM Terminals Bahrain B.S.C. to Report Fiscal Year 2023 Results on Feb 28, 2024 APM Terminals Bahrain B.S.C. announced that they will report fiscal year 2023 results on Feb 28, 2024 Announcement • Nov 29
APM Terminals Bahrain B.S.C. Announces the Appointment of Aryavansh Shukla as the Chief Commercial Officer, Effective 1 December 2023 APM Terminals Bahrain B.S.C. announced the appointment of Mr. Aryavansh Shukla as the Chief Commercial Officer of the company effective 1December 2023. Reported Earnings • Nov 13
Third quarter 2023 earnings released: EPS: ب.د0.025 (vs ب.د0.018 in 3Q 2022) Third quarter 2023 results: EPS: ب.د0.025 (up from ب.د0.018 in 3Q 2022). Revenue: ب.د9.53m (up 4.2% from 3Q 2022). Net income: ب.د2.22m (up 35% from 3Q 2022). Profit margin: 23% (up from 18% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Sep 26
APM Terminals Bahrain B.S.C. to Report Nine Months, 2023 Results on Nov 08, 2023 APM Terminals Bahrain B.S.C. announced that they will report nine months, 2023 results on Nov 08, 2023 New Risk • Aug 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 97% Dividend yield: 8.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (4.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 97% Earnings have declined by 7.3% per year over the past 5 years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ب.د0.021 (vs ب.د0.039 in 2Q 2022) Second quarter 2023 results: EPS: ب.د0.021 (down from ب.د0.039 in 2Q 2022). Revenue: ب.د8.98m (down 9.3% from 2Q 2022). Net income: ب.د1.89m (down 46% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% 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 • Jun 23
APM Terminals Bahrain B.S.C. to Report Q2, 2023 Results on Aug 09, 2023 APM Terminals Bahrain B.S.C. announced that they will report Q2, 2023 results on Aug 09, 2023 Announcement • Jun 20
APM Terminals Bahrain B.S.C. Appoints Matthew Adrian Luckhurst as the Chief Executive Officer, Effective July 2, 2023 APM Terminals Bahrain BSC announced that the appointment of Mr. Matthew Adrian Luckhurst as the Chief Executive Officer ofthe company has been moved from 15th June, 2023 to 2nd July 2023. Announcement • Jun 19
APM Terminals Bahrain Announces Management Changes APM Terminals Bahrain has announced the appointment of Matthew Luckhurst as its new managing director effective July 2, 2023. He takes over from Chief Financial Officer and interim Managing Director Farooq Zuberi who assumed the role after the previous Managing Director resigned for personal reasons. Luckhurst joins APM Terminals from his current role as Vice President for Container Shipping at Milaha, based in Qatar. His previous roles include Vice President of Bahri Logistics in Saudi Arabia and Managing Director United Africa Feeder Line out of Mauritius. Additionally, Luckhurst held multiple roles with P&O Nedlloyd and Maersk Line, across East Africa, Indonesia, Korea and Japan, as well as a short role with Kuehne & Nagel in Kenya. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ب.د0.021 (vs ب.د0.022 in 1Q 2022) First quarter 2023 results: EPS: ب.د0.021 (down from ب.د0.022 in 1Q 2022). Revenue: ب.د8.57m (down 11% from 1Q 2022). Net income: ب.د1.85m (down 8.7% from 1Q 2022). Profit margin: 22% (in line with 1Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of ب.د0.088 per share at 7.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 16 April 2023. The company is paying out more than 100% of its profits and is paying out 77% of its cash flow. Trailing yield: 7.3%. Within top quartile of Bahraini dividend payers (6.8%). Higher than average of industry peers (4.0%). Buying Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be ب.د1.51, 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 14%. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: ب.د0.088 (vs ب.د0.089 in FY 2021) Full year 2022 results: EPS: ب.د0.088 (down from ب.د0.089 in FY 2021). Revenue: ب.د37.3m (down 4.5% from FY 2021). Net income: ب.د7.88m (down 1.3% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jan 18
APM Terminals Bahrain B.S.C. to Report Fiscal Year 2022 Results on Feb 20, 2023 APM Terminals Bahrain B.S.C. announced that they will report fiscal year 2022 results on Feb 20, 2023 Board Change • Jan 04
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. 5 experienced directors. 1 highly experienced director. Independent Director Nadhem Al Saleh was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
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. 5 experienced directors. 1 highly experienced director. Independent Director Nadhem Al Saleh was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ب.د0.039 (vs ب.د0.023 in 2Q 2021) Second quarter 2022 results: EPS: ب.د0.039 (up from ب.د0.023 in 2Q 2021). Revenue: ب.د9.90m (down 1.2% from 2Q 2021). Net income: ب.د3.51m (up 66% from 2Q 2021). Profit margin: 36% (up from 21% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 52% growth forecast for the Infrastructure industry in Asia. 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 8% per year, which means it is well ahead of earnings. Board Change • Aug 15
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. 5 experienced directors. 1 highly experienced director. Independent Director Nadhem Al Saleh was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
APM Terminals Bahrain B.S.C. to Report Q2, 2022 Results on Aug 10, 2022 APM Terminals Bahrain B.S.C. announced that they will report Q2, 2022 results on Aug 10, 2022 Board Change • May 11
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. 5 experienced directors. 1 highly experienced director. Independent Director Nadhem Al Saleh was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
APM Terminals Bahrain B.S.C. Approves Cash Dividend for the Fiscal Year Ended 31 December 2021, Payable on 18 April 2022 APM Terminals Bahrain B.S.C. announced that at its Annual General Assembly Meeting held on 30 March 2022, approved cash dividend of BHD 0.0887 per share or 88.71%, amounting to total dividend payment of BHD 7.984 million for the fiscal year ended 31 December 2021. Cum-Dividend Date is 31 March 2022. Ex-Dividend Date is 3 April 2022. Record Date is 4 April 2022. Payment Date is 18 April 2022. Upcoming Dividend • Mar 28
Upcoming dividend of ب.د0.089 per share Eligible shareholders must have bought the stock before 03 April 2022. Payment date: 18 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.0%. Within top quartile of Bahraini dividend payers (5.4%). Higher than average of industry peers (3.8%). Reported Earnings • Mar 06
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ب.د0.089 (down from ب.د0.15 in FY 2020). Revenue: ب.د39.0m (down 9.7% from FY 2020). Net income: ب.د7.98m (down 42% from FY 2020). Profit margin: 21% (down from 32% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is expected to shrink by 11% compared to a 48% growth forecast for the 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 increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 03
APM Terminals Bahrain B.S.C. Proposes Dividend for the Fiscal Year Ended December 31, 2021, Payable on April 18, 2022 The Board of Directors of APM Terminals Bahrain B.S.C. resolved, at its meeting held on February 28, 2022, to recommend the distribution of dividend for the year ending 31 December 2021 to the shareholders whose names are registered on the company's register on the Record Date. This is subject to the approval of the company's shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: Cash Dividend: 89% of share nominal value, equivalent to 0.089 B.D per share amounting to BHD 7.984 Million (The proposed annual cash dividend includes Nil declared and paid to the shareholders as interim dividend). Ex-Dividend Date is April 3, 2022. Record date is April 4, 2022. Payment date is April 18, 2022. Announcement • Feb 25
APM Terminals Bahrain B.S.C. Appoints Richard G.C. Smith as Chief Commercial Officer APM Terminals Bahrain B.S.C.announce that Mr. Richard G.C. Smith has been appointed as the Chief Commercial Officer of the company on a 6-month assignment basis, effective 22 February 2022. Mr. Smith has over 25 years commercial experience in the Ocean logistics business. Previously employed by P&O Containers in the UK, he joined Maersk in 2011 after 7 years outside the industry running his own business. Announcement • Feb 22
APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 30, 2022 APM Terminals Bahrain B.S.C., Annual General Meeting, Mar 30, 2022. Board Change • Jan 02
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. 5 experienced directors. 1 highly experienced director. Independent Director Nadhem Al Saleh was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS ب.د0.02 (vs ب.د0.036 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ب.د9.71m (down 18% from 3Q 2020). Net income: ب.د1.82m (down 44% from 3Q 2020). Profit margin: 19% (down from 28% in 3Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS ب.د0.023 (vs ب.د0.046 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ب.د10.0m (down 8.8% from 2Q 2020). Net income: ب.د2.11m (down 49% from 2Q 2020). Profit margin: 21% (down from 38% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ب.د1.26, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 35% over the past year. Upcoming Dividend • Mar 22
First Dividend Is ب.د0.15 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 29th of March. The company last paid an ordinary dividend in February 2019. The average dividend yield among industry peers is 2.9%. Executive Departure • Mar 09
CEO & MD Susan Hunter has left the company On the 4th of March, Susan Hunter's tenure as CEO & MD of the company ended. We don't have any record of a personal shareholding under Susan's name. Susan is the only executive to leave the company over the last 12 months. Announcement • Mar 09
APM Terminals Bahrain B.S.C. Appoints Maureen Bannerman as the Chief Executive Officer/Managing Director APM Terminals Bahrain BSC announced the appointment of Ms. Maureen Bannerman as the Chief Executive Officer/Managing Director of the
company effective March 4, 2021. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ب.د0.15 (vs ب.د0.11 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ب.د43.2m (up 13% from FY 2019). Net income: ب.د13.7m (up 34% from FY 2019). Profit margin: 32% (up from 27% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is expected to shrink by 15% compared to a 23% growth forecast for the Infrastructure industry in Asia. Price Target Changed • Feb 03
Price target lowered to ب.د1.35 Down from ب.د1.60, the current price target is provided by 1 analyst. The new target price is close to the current share price of ب.د1.35. As of last close, the stock is up 2.7% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ب.د1.25, the stock is trading at a trailing P/E ratio of 8.5x, down from the previous P/E ratio of 10.9x. This compares to an average P/E of 15x in the Infrastructure industry in Asia. Total returns to shareholders over the past year are 6.8%. Is New 90 Day High Low • Jan 19
New 90-day high: ب.د1.58 The company is up 3.0% from its price of ب.د1.53 on 21 October 2020. The Bahraini market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ب.د1.56 The company is up 11% from its price of ب.د1.41 on 25 August 2020. The Bahraini market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ب.د0.036 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ب.د11.8m (up 15% from 3Q 2019). Net income: ب.د3.25m (up 23% from 3Q 2019). Profit margin: 28% (up from 26% in 3Q 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 9.5%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the Infrastructure industry in Asia. Is New 90 Day High Low • Oct 08
New 90-day high: ب.د1.55 The company is up 25% from its price of ب.د1.24 on 09 July 2020. The Bahraini market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 6.0% over the same period. Announcement • Jul 17
APM Terminals Bahrain B.S.C. to Report Q1, 2020 Results on May 05, 2020 APM Terminals Bahrain B.S.C. announced that they will report Q1, 2020 results on May 05, 2020 Announcement • Jul 06
APM Terminals Bahrain B.S.C. to Report First Half, 2020 Results on Aug 10, 2020 APM Terminals Bahrain B.S.C. announced that they will report first half, 2020 results on Aug 10, 2020 
