New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨3.33b (US$9.90m) 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (LK₨3.33b market cap, or US$9.90m). Minor Risk Revenue is less than US$5m (LK₨902m revenue, or US$2.7m). Reported Earnings • Jun 02
Full year 2026 earnings released: LK₨2.09 loss per share (vs LK₨4.27 loss in FY 2025) Full year 2026 results: LK₨2.09 loss per share. Revenue: LK₨902.3m (down 25% from FY 2025). Net loss: LK₨462.9m (loss widened 14% from FY 2025). New Risk • Apr 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Negative equity (-LK₨668m). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Revenue is less than US$5m (LK₨1.0b revenue, or US$3.2m). Market cap is less than US$100m (LK₨4.06b market cap, or US$12.9m). New Risk • Jan 13
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 Sri Lankan stocks, typically moving 8.7% 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 Negative equity (-LK₨684m). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (LK₨703.0m market cap, or US$2.27m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (LK₨1.2b revenue, or US$3.7m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: LK₨0.77 loss per share (vs LK₨0.91 loss in 2Q 2025) Second quarter 2026 results: LK₨0.77 loss per share (improved from LK₨0.91 loss in 2Q 2025). Revenue: LK₨237.6m (down 23% from 2Q 2025). Net loss: LK₨73.3m (loss narrowed 15% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
ACME Printing and Packaging PLC, Annual General Meeting, Sep 09, 2025 ACME Printing and Packaging PLC, Annual General Meeting, Sep 09, 2025, at 10:00 Sri Lanka Standard Time. Location: from 8-5/2, leyden bastian road, york arcade building, 01, colombo Sri Lanka Reported Earnings • Aug 14
First quarter 2026 earnings released: LK₨0.97 loss per share (vs LK₨1.11 loss in 1Q 2025) First quarter 2026 results: LK₨0.97 loss per share (improved from LK₨1.11 loss in 1Q 2025). Revenue: LK₨279.7m (up 12% from 1Q 2025). Net loss: LK₨92.2m (loss narrowed 13% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% 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. New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -LK₨92m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-LK₨92m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-LK₨518m). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (LK₨503.5m market cap, or US$1.68m). Minor Risk Revenue is less than US$5m (LK₨1.2b revenue, or US$4.0m). New Risk • Apr 25
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 Sri Lankan stocks, typically moving 6.6% 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 Negative equity (-LK₨343m). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (LK₨418.0m market cap, or US$1.40m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (LK₨1.1b revenue, or US$3.8m). Reported Earnings • Feb 18
Third quarter 2025 earnings released: LK₨0.23 loss per share (vs LK₨0.80 loss in 3Q 2024) Third quarter 2025 results: LK₨0.23 loss per share (improved from LK₨0.80 loss in 3Q 2024). Revenue: LK₨324.5m (down 14% from 3Q 2024). Net loss: LK₨21.9m (loss narrowed 73% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Jan 08
ACME Printing and Packaging PLC Announces Board Changes ACME Printing and Packaging PLC announced that Mr. A.C.S. Jayaranjan, Mr. G.K.B. 'Dasanayaka and Dr. J.M. Swaminathan, Independent Non-Executive Directors resigned from the Board with effect from 31st December 2024 in order to comply with the revised listing rules of the Colombo Stock Exchange. Mr. P.M.A. Sirimane has been appointed a Non-Executive Director of the Company with effect from 1 January 2025. Reported Earnings • Nov 17
Second quarter 2025 earnings released: LK₨0.91 loss per share (vs LK₨0.92 loss in 2Q 2024) Second quarter 2025 results: LK₨0.91 loss per share (improved from LK₨0.92 loss in 2Q 2024). Revenue: LK₨307.8m (up 17% from 2Q 2024). Net loss: LK₨86.1m (loss narrowed 1.5% from 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 26% per year, which means it is significantly lagging earnings. New Risk • Sep 30
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 Less than 1 year of cash runway based on free cash flow trend (-LK₨384m free cash flow). Share price has been highly volatile over the past 3 months (6.4% average weekly change). Negative equity (-LK₨16m). Earnings have declined by 3.2% per year over the past 5 years. Market cap is less than US$10m (LK₨465.5m market cap, or US$1.56m). Minor Risk Revenue is less than US$5m (LK₨1.2b revenue, or US$3.9m). Announcement • Sep 11
ACME Printing and Packaging PLC, Annual General Meeting, Oct 09, 2024 ACME Printing and Packaging PLC, Annual General Meeting, Oct 09, 2024, at 09:30 Sri Lanka Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: LK₨1.10 loss per share (vs LK₨0.82 loss in 1Q 2024) First quarter 2025 results: LK₨1.10 loss per share (further deteriorated from LK₨0.82 loss in 1Q 2024). Revenue: LK₨249.1m (up 25% from 1Q 2024). Net loss: LK₨105.8m (loss widened 55% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jun 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 6.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-LK₨380m free cash flow). Share price has been highly volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$10m (LK₨532.0m market cap, or US$1.74m). Minor Risk Revenue is less than US$5m (LK₨1.1b revenue, or US$3.6m). Reported Earnings • Feb 14
Third quarter 2024 earnings released: LK₨0.80 loss per share (vs LK₨0.37 profit in 3Q 2023) Third quarter 2024 results: LK₨0.80 loss per share (down from LK₨0.37 profit in 3Q 2023). Revenue: LK₨379.0m (up 13% from 3Q 2023). Net loss: LK₨79.6m (down 381% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Second quarter 2024 earnings released: LK₨0.92 loss per share (vs LK₨0.40 profit in 2Q 2023) Second quarter 2024 results: LK₨0.92 loss per share (down from LK₨0.40 profit in 2Q 2023). Revenue: LK₨262.1m (down 12% from 2Q 2023). Net loss: LK₨87.4m (down 369% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
First quarter 2024 earnings released: LK₨0.82 loss per share (vs LK₨0.15 loss in 1Q 2023) First quarter 2024 results: LK₨0.82 loss per share (further deteriorated from LK₨0.15 loss in 1Q 2023). Revenue: LK₨199.8m (down 4.9% from 1Q 2023). Net loss: LK₨68.5m (loss widened LK₨62.2m from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2023 earnings released: EPS: LK₨0.07 (vs LK₨6.34 loss in FY 2022) Full year 2023 results: EPS: LK₨0.07 (up from LK₨6.34 loss in FY 2022). Revenue: LK₨1.08b (up 14% from FY 2022). Net income: LK₨5.71m (up LK₨266.7m from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 19
Third quarter 2023 earnings released: EPS: LK₨0.37 (vs LK₨1.51 loss in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.37 (up from LK₨1.51 loss in 3Q 2022). Revenue: LK₨335.0m (up 49% from 3Q 2022). Net income: LK₨28.3m (up LK₨102.6m from 3Q 2022). Profit margin: 8.5% (up from net loss in 3Q 2022). The move to profitability was driven by higher 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 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
ACME Printing and Packaging plc Announces Demise of Ranjeevan Seevaratnam, Non-Executive Director ACME Printing and Packaging PLC announced demise of Mr. Ranjeevan Seevaratnam, Non-Executive Director on 19 January 2023. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Anthony Crossette Jayaranjan was the last independent director to join the board, commencing their role in 2022. 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 • Nov 13
Second quarter 2023 earnings released: EPS: LK₨0.40 (vs LK₨1.95 loss in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.40 (up from LK₨1.95 loss in 2Q 2022). Revenue: LK₨296.4m (up 6.6% from 2Q 2022). Net income: LK₨32.5m (up LK₨112.9m from 2Q 2022). Profit margin: 11% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Sep 09
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: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Anthony Crossette Jayaranjan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Jul 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be LK₨5.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has declined by 21%. Reported Earnings • May 26
Full year 2022 earnings released: LK₨7.50 loss per share (vs LK₨2.89 loss in FY 2021) Full year 2022 results: LK₨7.50 loss per share (down from LK₨2.89 loss in FY 2021). Revenue: LK₨947.9m (down 33% from FY 2021). Net loss: LK₨308.8m (loss widened 160% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Board Change • Apr 27
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. 5 non-independent directors. Independent Non-Executive Director Gotabaya Kiri Dasanayaka was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 10
ACME Printing and Packaging PLC Appoints Harith Koshala Perera Jayasuriya as Chief Executive Officer ACME Printing and Packaging PLC announced that Mr. Harith Koshala Perera Jayasuriya was appointed Chief Executive Officer of the Company with effect from March 7, 2022. He has functioned in the capacity of Group Director /Chief Marketing Officer at MAC Holdings Pvt Ltd, Director /Chief Executive Officer MAC Travels Pvt Ltd. He was a Council Member of the Sri Lanka Australia New Zealand Business Council and a former President of the Sri Lanka Canada Business Council. Mr. Jayasuriya's experience spans over 20 years across multiple industries and possess expertise in the fields of Freight & Logistics, Travel & Tourism, Shipping & Aviation, Strategic Planning, Marketing & Sales, General Management and Business Consultancy. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: LK₨1.80 loss per share (down from LK₨0.42 loss in 3Q 2021). Revenue: LK₨224.6m (down 41% from 3Q 2021). Net loss: LK₨74.3m (loss widened 326% from 3Q 2021). Revenue was in line with analyst estimates. 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 65% per year, which means it is well ahead of earnings. Board Change • Dec 06
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. 2 experienced directors. 2 highly experienced directors. Non-Executive Director Sanjeev Kumar was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 15
Second quarter 2022 earnings released: LK₨1.95 loss per share (vs LK₨0.40 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: LK₨277.9m (down 30% from 2Q 2021). Net loss: LK₨80.4m (loss widened 383% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Executive Departure • Jul 01
Executive Chairman Hemaka Devapriya Amarasuriya has left the company On the 30th of June, Hemaka Devapriya Amarasuriya's tenure as Executive Chairman ended. As of March 2021, Hemaka Devapriya still personally held only 50.00k shares (LK₨325k worth at the time). Hemaka Devapriya is the only executive to leave the company over the last 12 months. Reported Earnings • May 30
Full year 2021 earnings released: LK₨2.85 loss per share (vs LK₨4.36 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: LK₨1.42b (up 19% from FY 2020). Net loss: LK₨117.2m (loss narrowed 35% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 11
New 90-day high: LK₨6.70 The company is up 31% from its price of LK₨5.10 on 11 December 2020. The Sri Lankan market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 2.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: LK₨0.42 loss per share (vs LK₨0.32 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: LK₨378.0m (up 8.7% from 3Q 2020). Net loss: LK₨17.4m (loss widened 31% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% 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. Is New 90 Day High Low • Jan 13
New 90-day high: LK₨6.10 The company is up 3.0% from its price of LK₨5.90 on 15 October 2020. The Sri Lankan market is up 23% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Packaging industry, which is also up 3.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: LK₨0.40 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: LK₨398.0m (up 19% from 2Q 2020). Net loss: LK₨16.6m (loss narrowed 47% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 13
New 90-day high: LK₨6.50 The company is up 81% from its price of LK₨3.60 on 15 July 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: LK₨4.90 The company is up 40% from its price of LK₨3.50 on 23 June 2020. The Sri Lankan market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 17% over the same period.