Hayleys Fabric (COSE:MGT.N0000) - Stock Price, News & Analysis

MGT.N0000 Stock Overview

Hayleys Fabric PLC manufactures and sells knitted fabrics in Sri Lanka.

MGT.N0000 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (7.7x) is below the LK market (8.9x)

Revenue is forecast to grow 21.89% per year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Does not have a meaningful market cap (LKR17B)

Hayleys Fabric PLC Competitors

Teejay Lanka

COSE:TJL.N0000

LK₨26.7b

Ambeon Holdings

COSE:GREG.N0000

LK₨5.9b

Hayleys Fibre

COSE:HEXP.N0000

LK₨1.2b

Dankotuwa Porcelain

COSE:DPL.N0000

LK₨4.0b

Price History & Performance

Summary of all time highs, changes and price drops for Hayleys Fabric
Historical stock prices
Current Share Price	LK₨41.10
52 Week High	LK₨49.70
52 Week Low	LK₨22.30
Beta	0.61
1 Month Change	-1.91%
3 Month Change	5.38%
1 Year Change	62.45%
3 Year Change	136.21%
5 Year Change	834.09%
Change since IPO	526.29%

Recent updates

Shareholder Returns

	MGT.N0000	LK Luxury	LK Market
7D	0.2%	-0.3%	1.5%
1Y	62.5%	12.8%	21.7%

Return vs Industry: MGT.N0000 exceeded the LK Luxury industry which returned 12.8% over the past year.

Return vs Market: MGT.N0000 exceeded the LK Market which returned 21.7% over the past year.

Price Volatility

Is MGT.N0000's price volatile compared to industry and market?
MGT.N0000 volatility
MGT.N0000 Average Weekly Movement	3.8%
Luxury Industry Average Movement	6.1%
Market Average Movement	4.3%
10% most volatile stocks in LK Market	6.9%
10% least volatile stocks in LK Market	2.9%

Stable Share Price: MGT.N0000 has not had significant price volatility in the past 3 months.

Volatility Over Time: MGT.N0000's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	2,930	Abeyakumar Pandithage	www.hayleysfabric.com

Hayleys Fabric PLC manufactures and sells knitted fabrics in Sri Lanka. The company offers single jersey, interlocks, piques, ribs, fleeces, polar fleeces, jacquards, and flat knits. Its fabric composition includes cotton, polyester, viscose, modal, micro modal, and tencel, as well as synthetic fibers, such as wool, cashmere, and silk.

Hayleys Fabric PLC Fundamentals Summary

How do Hayleys Fabric's earnings and revenue compare to its market cap?
MGT.N0000 fundamental statistics
Market cap	LK₨17.08b
Earnings (TTM)	LK₨2.22b
Revenue (TTM)	LK₨49.09b

7.7x

P/E Ratio

0.3x

P/S Ratio

Is MGT.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGT.N0000 income statement (TTM)
Revenue	US$164.65m
Cost of Revenue	US$135.86m
Gross Profit	US$28.79m
Other Expenses	US$21.34m
Earnings	US$7.45m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.018
Gross Margin	17.49%
Net Profit Margin	4.53%
Debt/Equity Ratio	107.6%

How did MGT.N0000 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

40%

Payout Ratio

MGT.N0000 Stock Overview

Rewards

Risk Analysis

Hayleys Fabric PLC Competitors

COSE:TJL.N0000

LK₨26.7b

COSE:GREG.N0000

LK₨5.9b

COSE:HEXP.N0000

LK₨1.2b

COSE:DPL.N0000

LK₨4.0b

Price History & Performance

Recent News & Updates

Upcoming dividend of LK₨0.25 per share

Price target increased by 8.3% to LK₨65.00

Third quarter 2024 earnings released: EPS: US$0.004 (vs US$0.012 loss in 3Q 2023)

Independent Non-Executive Director recently bought LK₨415k worth of stock

Second quarter 2024 earnings released: EPS: US$0.007 (vs US$0.003 in 2Q 2023)

Independent Non-Executive Director recently sold LK₨968k worth of stock

Recent updates

Upcoming dividend of LK₨0.25 per share

Price target increased by 8.3% to LK₨65.00

Third quarter 2024 earnings released: EPS: US$0.004 (vs US$0.012 loss in 3Q 2023)

Independent Non-Executive Director recently bought LK₨415k worth of stock

Second quarter 2024 earnings released: EPS: US$0.007 (vs US$0.003 in 2Q 2023)

Independent Non-Executive Director recently sold LK₨968k worth of stock

Independent Non-Executive Director recently sold LK₨2.2m worth of stock

New minor risk - Share price stability

First quarter 2024 earnings released: EPS: US$0.007 (vs US$0.011 in 1Q 2023)

Price target decreased by 13% to LK₨35.00

Independent Non-Executive Director recently bought LK₨344k worth of stock

Independent Non-Executive Director recently bought LK₨230k worth of stock

Upcoming dividend of LK₨0.10 per share at 6.7% yield

New major risk - Dividend sustainability

Hayleys Fabric PLC, Annual General Meeting, Jun 23, 2023

Full year 2023 earnings released: EPS: US$0.003 (vs US$0.031 in FY 2022)

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.005 profit in 3Q 2022)

Now 22% undervalued

Investor sentiment improves as stock rises 19%

Independent Non-Executive Director recently bought LK₨100k worth of stock

Independent Non-Executive Director recently bought LK₨110k worth of stock

Independent Non-Executive Director recently bought LK₨75k worth of stock

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: US$0.003 (vs US$0.005 in 2Q 2022)

Hayleys Fabric PLC Appoints Donna Brindhini Perera as Non-Executive Director

Independent Non-Executive Director recently bought LK₨170k worth of stock

First quarter 2023 earnings released: EPS: US$0.011 (vs US$0.004 in 1Q 2022)

Investor sentiment improved over the past week

Upcoming dividend of LK₨1.00 per share

Hayleys Fabric PLC Proposes Final Dividend

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: US$0.031 (vs US$0.009 in FY 2021)

Price target increased to LK₨39.10

Less than half of directors are independent

Independent Non-Executive Director recently bought LK₨280k worth of stock

Upcoming dividend of LK₨0.30 per share

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Independent Non-Executive Director recently bought LK₨380k worth of stock

Investor sentiment improved over the past week

Price target increased to LK₨29.05

Investor sentiment improved over the past week

Non-Executive Director recently bought LK₨1.1m worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS US$0.004 (vs US$0.001 in 1Q 2021)

Independent Non-Executive Director recently sold LK₨1.0m worth of stock

Independent Non-Executive Director recently sold LK₨570k worth of stock

Upcoming dividend of LK₨0.10 per share

Independent Non-Executive Director recently sold LK₨360k worth of stock

Upcoming Dividend of LK₨0.25 Per Share

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS US$0.007 (vs US$0.001 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: LK₨30.00

New 90-day high: LK₨27.40

Upcoming Dividend of LK₨0.45 Per Share

Second quarter 2021 earnings released: EPS US$0.005