Price Target Changed • Jul 30
Price target increased by 11% to PK₨2,861 Up from PK₨2,570, the current price target is an average from 2 analysts. New target price is 49% above last closing price of PK₨1,918. Stock is up 46% over the past year. The company posted earnings per share of PK₨270 last year. Declared Dividend • Apr 22
Third quarter dividend of PK₨20.00 announced Shareholders will receive a dividend of PK₨20.00. Ex-date: 30th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 49% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 230% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 21
Third quarter 2026 earnings released: EPS: PK₨107 (vs PK₨103 in 3Q 2025) Third quarter 2026 results: EPS: PK₨107 (up from PK₨103 in 3Q 2025). Revenue: PK₨47.4b (up 29% from 3Q 2025). Net income: PK₨6.44b (up 3.3% from 3Q 2025). Profit margin: 14% (down from 17% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 247% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨1,941, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 10x in the Auto industry in Pakistan. Total returns to shareholders of 4,718% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨1,107 per share. Announcement • Apr 10
Sazgar Engineering Works Limited to Report Q3, 2026 Results on Apr 17, 2026 Sazgar Engineering Works Limited announced that they will report Q3, 2026 results on Apr 17, 2026 Price Target Changed • Mar 31
Price target increased by 7.1% to PK₨2,545 Up from PK₨2,376, the current price target is an average from 6 analysts. New target price is 56% above last closing price of PK₨1,628. Stock is up 51% over the past year. The company posted earnings per share of PK₨270 last year. New Risk • Feb 17
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 Pakistani stocks, typically moving 6.5% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Upcoming Dividend • Jan 30
Upcoming dividend of PK₨15.00 per share Eligible shareholders must have bought the stock before 06 February 2026. Payment date: 03 March 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Pakistani dividend payers (6.7%). Lower than average of industry peers (4.9%). Announcement • Jan 28
Sazgar Engineering Works Limited Recommends Interim Cash Dividend Sazgar Engineering Works Limited recommended an interim cash dividend for the quarter ended December 31, 2025 at PKR 15/- per share that is 150 percent. This is an addition to Interim Dividend already paid at PKR 15 per share that is 150 percent. Reported Earnings • Jan 28
Second quarter 2026 earnings released: EPS: PK₨66.56 (vs PK₨39.83 in 2Q 2025) Second quarter 2026 results: EPS: PK₨66.56 (up from PK₨39.83 in 2Q 2025). Revenue: PK₨34.0b (up 85% from 2Q 2025). Net income: PK₨4.02b (up 67% from 2Q 2025). Profit margin: 12% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 255% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨1,972, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 11x in the Auto industry in Pakistan. Total returns to shareholders of 4,398% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨965 per share. Announcement • Jan 19
Sazgar Engineering Works Limited to Report Q2, 2026 Results on Jan 27, 2026 Sazgar Engineering Works Limited announced that they will report Q2, 2026 results on Jan 27, 2026 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨1,968, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 11x in the Auto industry in Pakistan. Total returns to shareholders of 4,333% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨965 per share. Declared Dividend • Oct 17
Dividend of PK₨15.00 announced Shareholders will receive a dividend of PK₨15.00. Ex-date: 27th October 2025 Payment date: 19th November 2025 Dividend yield will be 3.0%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 49% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 228% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 16
First quarter 2026 earnings released: EPS: PK₨73.07 (vs PK₨69.77 in 1Q 2025) First quarter 2026 results: EPS: PK₨73.07 (up from PK₨69.77 in 1Q 2025). Revenue: PK₨33.8b (up 28% from 1Q 2025). Net income: PK₨4.42b (up 4.7% from 1Q 2025). Profit margin: 13% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 214% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Sazgar Engineering Works Limited to Report Q1, 2026 Results on Oct 15, 2025 Sazgar Engineering Works Limited announced that they will report Q1, 2026 results on Oct 15, 2025 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨1,980, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 12x in the Auto industry in Pakistan. Total returns to shareholders of 3,580% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨945 per share. Upcoming Dividend • Sep 10
Upcoming dividend of PK₨20.00 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (2.5%). Reported Earnings • Sep 03
Full year 2025 earnings released: EPS: PK₨270 (vs PK₨131 in FY 2024) Full year 2025 results: EPS: PK₨270 (up from PK₨131 in FY 2024). Revenue: PK₨108.7b (up 89% from FY 2024). Net income: PK₨16.3b (up 106% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has increased by 193% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 02
Sazgar Engineering Works Limited, Annual General Meeting, Sep 25, 2025 Sazgar Engineering Works Limited, Annual General Meeting, Sep 25, 2025. Location: encore by zafar, fusion hall, near shanu baba chowk, pine avenue road, lahore Pakistan Price Target Changed • Aug 27
Price target increased by 14% to PK₨1,661 Up from PK₨1,454, the current price target is an average from 5 analysts. New target price is 11% above last closing price of PK₨1,495. Stock is up 49% over the past year. The company posted earnings per share of PK₨131 last year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨1,316, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 15x in the Auto Components industry in Pakistan. Total returns to shareholders of 2,001% over the past three years. Reported Earnings • Apr 24
Third quarter 2025 earnings released: EPS: PK₨103 (vs PK₨50.20 in 3Q 2024) Third quarter 2025 results: EPS: PK₨103 (up from PK₨50.20 in 3Q 2024). Revenue: PK₨36.7b (up 83% from 3Q 2024). Net income: PK₨6.23b (up 105% from 3Q 2024). Profit margin: 17% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has increased by 157% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 23
Second quarter dividend increased to PK₨12.00 Dividend of PK₨12.00 is 50% higher than last year. Ex-date: 29th April 2025 Payment date: 22nd May 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 45% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 173% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨1,316, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 13x in the Auto Components industry in Pakistan. Total returns to shareholders of 1,656% over the past three years. Reported Earnings • Feb 28
Second quarter 2025 earnings released: EPS: PK₨39.83 (vs PK₨12.50 in 2Q 2024) Second quarter 2025 results: EPS: PK₨39.83 (up from PK₨12.50 in 2Q 2024). Revenue: PK₨18.4b (up 183% from 2Q 2024). Net income: PK₨2.41b (up 219% from 2Q 2024). Profit margin: 13% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 27
Upcoming dividend of PK₨22.00 per share Eligible shareholders must have bought the stock before 06 March 2025. Payment date: 03 April 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Pakistani dividend payers (9.5%). In line with average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨1,141, the stock trades at a trailing P/E ratio of 6x. Average forward P/E is 14x in the Auto Components industry in Pakistan. Total returns to shareholders of 1,214% over the past three years. Reported Earnings • Oct 31
First quarter 2025 earnings released: EPS: PK₨69.77 (vs PK₨10.90 in 1Q 2024) First quarter 2025 results: EPS: PK₨69.77 (up from PK₨10.90 in 1Q 2024). Revenue: PK₨26.3b (up 227% from 1Q 2024). Net income: PK₨4.22b (up PK₨3.56b from 1Q 2024). Profit margin: 16% (up from 8.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 101% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨12.00 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (2.9%). Reported Earnings • Sep 25
Full year 2024 earnings released: EPS: PK₨131 (vs PK₨16.46 in FY 2023) Full year 2024 results: EPS: PK₨131 (up from PK₨16.46 in FY 2023). Revenue: PK₨57.6b (up 217% from FY 2023). Net income: PK₨7.94b (up PK₨6.94b from FY 2023). Profit margin: 14% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 113% per year, which means it is significantly lagging earnings growth. Declared Dividend • Sep 25
Final dividend of PK₨12.00 announced Shareholders will receive a dividend of PK₨12.00. Ex-date: 17th October 2024 Payment date: 15th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 6%. Announcement • Sep 25
Sazgar Engineering Works Limited, Annual General Meeting, Oct 26, 2024 Sazgar Engineering Works Limited, Annual General Meeting, Oct 26, 2024. Announcement • Sep 14
Sazgar Engineering Works Limited to Report Fiscal Year 2024 Results on Sep 23, 2024 Sazgar Engineering Works Limited announced that they will report fiscal year 2024 results on Sep 23, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨999, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 14x in the Auto Components industry in Pakistan. Total returns to shareholders of 670% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨840, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 10x in the Auto Components industry in Pakistan. Total returns to shareholders of 538% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨555, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 8x in the Auto Components industry in Pakistan. Total returns to shareholders of 349% over the past three years. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨363, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨244, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 80% over the past three years. Reported Earnings • Feb 10
Second quarter 2024 earnings released: EPS: PK₨12.50 (vs PK₨1.13 in 2Q 2023) Second quarter 2024 results: EPS: PK₨12.50 (up from PK₨1.13 in 2Q 2023). Revenue: PK₨6.75b (up 112% from 2Q 2023). Net income: PK₨755.8m (up PK₨687.7m from 2Q 2023). Profit margin: 11% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨210, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨215, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨153, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 8x in the Auto Components industry in Pakistan. Total returns to shareholders of 19% over the past three years. New Risk • Oct 12
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 Pakistani stocks, typically moving 7.5% 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 Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risk Market cap is less than US$100m (PK₨6.87b market cap, or US$24.7m). Upcoming Dividend • Oct 11
Upcoming dividend of PK₨4.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 18 October 2023. Payment date: 17 November 2023. Trailing yield: 3.5%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨108, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 1.9% over the past three years. Announcement • Oct 05
Sazgar Engineering Works Limited, Annual General Meeting, Oct 26, 2023 Sazgar Engineering Works Limited, Annual General Meeting, Oct 26, 2023, at 11:15 Pakistan Standard Time. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨93.24, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨77.86, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Auto Components industry in Pakistan. Total loss to shareholders of 27% over the past three years. New Risk • Jun 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.77b (US$9.65m) 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 High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (PK₨2.77b market cap, or US$9.65m). Reported Earnings • Apr 22
Third quarter 2023 earnings released: EPS: PK₨7.36 (vs PK₨0.41 in 3Q 2022) Third quarter 2023 results: EPS: PK₨7.36 (up from PK₨0.41 in 3Q 2022). Revenue: PK₨7.90b (up 176% from 3Q 2022). Net income: PK₨444.6m (up PK₨419.8m from 3Q 2022). Profit margin: 5.6% (up from 0.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨54.16, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 5x in the Auto Components industry in Pakistan. Total loss to shareholders of 2.8% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨58.23, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 6x in the Auto Components industry in Pakistan. Total loss to shareholders of 39% over the past three years. Announcement • Feb 10
Sazgar Engineering Works Limited, Annual General Meeting, Mar 18, 2023 Sazgar Engineering Works Limited, Annual General Meeting, Mar 18, 2023, at 11:00 Pakistan Standard Time. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Muhammad Saeed was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨51.16, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 10x in the Auto Components industry in Pakistan. Total loss to shareholders of 37% over the past three years. Reported Earnings • Oct 13
Full year 2022 earnings released: EPS: PK₨1.95 (vs PK₨1.25 in FY 2021) Full year 2022 results: EPS: PK₨1.95 (up from PK₨1.25 in FY 2021). Revenue: PK₨10.0b (up 149% from FY 2021). Net income: PK₨117.8m (up 56% from FY 2021). Profit margin: 1.2% (down from 1.9% in FY 2021). 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 19% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
Third quarter 2022 earnings released: EPS: PK₨0.41 (vs PK₨0.49 in 3Q 2021) Third quarter 2022 results: EPS: PK₨0.41 (down from PK₨0.49 in 3Q 2021). Revenue: PK₨2.86b (up 132% from 3Q 2021). Net income: PK₨24.8m (down 16% from 3Q 2021). Profit margin: 0.9% (down from 2.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Muhammad Saeed was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨87.50, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 8x in the Auto Components industry in Pakistan. Total loss to shareholders of 9.7% over the past three years. Reported Earnings • Feb 27
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨0.51 (up from PK₨0.26 in 2Q 2021). Revenue: PK₨2.34b (up 189% from 2Q 2021). Net income: PK₨31.0m (up 98% from 2Q 2021). Profit margin: 1.3% (down from 1.9% in 2Q 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 30% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 19
Sazgar Engineering Works Limited Announces Management Changes Sazgar Engineering Works Limited informed Pakistan Stock Exchange that Mr. Muhammad Omar Saeed has beenappointed as an Independent Director of the company with effect from February 17, 2022 in place of Mr. SardarEjaz Ishaq Khan. Reported Earnings • Oct 29
First quarter 2022 earnings released: EPS PK₨1.03 (vs PK₨0.36 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨1.87b (up 93% from 1Q 2021). Net income: PK₨62.1m (up 184% from 1Q 2021). Profit margin: 3.3% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. 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 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 26
Full year 2021 earnings released: EPS PK₨1.63 (vs PK₨0.73 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨4.03b (up 40% from FY 2020). Net income: PK₨75.8m (up 174% from FY 2020). Profit margin: 1.9% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 30
Third quarter 2021 earnings released: EPS PK₨0.63 (vs PK₨0.97 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: PK₨1.23b (up 19% from 3Q 2020). Net income: PK₨29.4m (up 8.0% from 3Q 2020). Profit margin: 2.4% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 25
Second quarter 2021 earnings released: EPS PK₨0.34 (vs PK₨0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨809.9m (up 43% from 2Q 2020). Net income: PK₨15.7m (up 208% from 2Q 2020). Profit margin: 1.9% (up from 0.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: PK₨205 The company is up 34% from its price of PK₨152 on 25 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: PK₨172 The company is up 28% from its price of PK₨135 on 15 September 2020. The Pakistani market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. Reported Earnings • Oct 29
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨41.3m, down 32% from the prior year. Total revenue was PK₨3.25b over the last 12 months, up 8.5% from the prior year. Is New 90 Day High Low • Oct 24
New 90-day high: PK₨172 The company is up 58% from its price of PK₨109 on 24 July 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: PK₨149 The company is up 34% from its price of PK₨111 on 21 July 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: PK₨149 The company is up 35% from its price of PK₨110 on 17 July 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 5.0% over the same period. Reported Earnings • Oct 08
Full year earnings released - EPS PK₨0.96 Over the last 12 months the company has reported total profits of PK₨27.6m, down 66% from the prior year. Total revenue was PK₨2.89b over the last 12 months, down 10% from the prior year. Profit margins were 1.0%, which is lower than the 2.5% margin from last year. The decrease in margin was driven by lower revenue. Reported Earnings • Sep 26
Full year earnings released - EPS PK₨0.96 Over the last 12 months the company has reported total profits of PK₨27.6m, down 66% from the prior year. Total revenue was PK₨2.89b over the last 12 months, down 10% from the prior year. Profit margins were 1.0%, which is lower than the 2.5% margin from last year. The decrease in margin was driven by lower revenue. Announcement • Sep 23
Sazgar Engineering Works Limited to Report Fiscal Year 2020 Results on Sep 24, 2020 Sazgar Engineering Works Limited announced that they will report fiscal year 2020 results on Sep 24, 2020 
