New Risk • Apr 30
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 9.8% 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 Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (PK₨93m revenue, or US$334k). Market cap is less than US$10m (PK₨561.9m market cap, or US$2.02m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Announcement • Apr 14
Gammon Pakistan Limited to Report Q3, 2026 Results on Apr 23, 2026 Gammon Pakistan Limited announced that they will report Q3, 2026 results on Apr 23, 2026 Announcement • Feb 20
Gammon Pakistan Limited to Report Q2, 2026 Results on Feb 27, 2026 Gammon Pakistan Limited announced that they will report Q2, 2026 results on Feb 27, 2026 New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (PK₨93m revenue, or US$332k). Market cap is less than US$10m (PK₨676.7m market cap, or US$2.41m). Announcement • Sep 24
Gammon Pakistan Limited, Annual General Meeting, Oct 28, 2025 Gammon Pakistan Limited, Annual General Meeting, Oct 28, 2025. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨30.31, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 385% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨21.49, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 255% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨22.00, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to PK₨28.06, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨43.48, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 16x in the Construction industry in Asia. Total returns to shareholders of 312% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to PK₨57.03, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 16x in the Construction industry in Asia. Total returns to shareholders of 356% over the past three years. Reported Earnings • Oct 14
Full year 2024 earnings released: EPS: PK₨1.03 (vs PK₨0.53 in FY 2023) Full year 2024 results: EPS: PK₨1.03 (up from PK₨0.53 in FY 2023). Revenue: PK₨43.5m (down 10% from FY 2023). Net income: PK₨29.2m (up 95% from FY 2023). Profit margin: 67% (up from 31% in FY 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Oct 08
Gammon Pakistan Limited, Annual General Meeting, Oct 28, 2024 Gammon Pakistan Limited, Annual General Meeting, Oct 28, 2024. Location: at gammon house, 400/2, peshawar road, rawalpindi Pakistan Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to PK₨40.86, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 16x in the Construction industry in Asia. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨50.47, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 281% over the past three years. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (PK₨43m revenue, or US$154k). Market cap is less than US$10m (PK₨1.34b market cap, or US$4.82m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to PK₨33.99, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨28.85, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨14.39, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 16x in the Construction industry in Asia. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨11.56, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 16x in the Construction industry in Asia. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨11.69, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 16x in the Construction industry in Asia. Negligible returns to shareholders over past three years. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Humayun Malik was the last director to join the board, commencing their role in 2023. 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 • Mar 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨10.07, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Construction industry in Asia. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨13.50, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨10.08, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 15x in the Construction industry in Asia. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨14.00, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨15.00, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 14x in the Construction industry in Asia. Total loss to shareholders of 3.8% over the past three years. Announcement • Nov 15
Gammon Pakistan Limited Appoints Khalid Kuli Khan Khattak as Chief Executive Officer Gammon Pakistan Limited announced the appointment of Mr. Khalid Kuli Khan Khattak as its new Chief Executive Officer. This significant leadership change, effective from November 01, 2023, is in compliance with sections 161(2) and 192 of the Companies Act 2017. The appointment of Mr. Khattak marks a new chapter in the company's strategy and operational management, aligning with its future growth objectives and commitment to excellence in the engineering and contracting sector. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨13.70, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 5.4% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨14.12, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 14x in the Construction industry in Asia. Negligible returns to shareholders over past three years. Reported Earnings • Oct 16
Full year 2023 earnings released: EPS: PK₨0.53 (vs PK₨0.78 loss in FY 2022) Full year 2023 results: EPS: PK₨0.53 (up from PK₨0.78 loss in FY 2022). Revenue: PK₨48.5m (up 50% from FY 2022). Net income: PK₨15.0m (up PK₨37.0m from FY 2022). Profit margin: 31% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. 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. President & Chairman Ali Kuli Khattak was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 07
Second quarter 2023 earnings released: PK₨0.02 loss per share (vs PK₨0.051 loss in 2Q 2022) Second quarter 2023 results: PK₨0.02 loss per share (improved from PK₨0.051 loss in 2Q 2022). Net loss: PK₨500.3k (loss narrowed 66% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Buying Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be PK₨7.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 62% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 9.4%. The fair value is estimated to be PK₨7.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 62% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 21
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. President & Chairman Ali Kuli Khattak was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
First quarter 2023 earnings released: PK₨0.17 loss per share (vs PK₨0.11 loss in 1Q 2022) First quarter 2023 results: PK₨0.17 loss per share (further deteriorated from PK₨0.11 loss in 1Q 2022). Net loss: PK₨4.76m (loss widened 52% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. 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. 6 non-independent directors. President & Chairman Ali Kuli Khattak was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 06
Full year 2021 earnings released: PK₨0.29 loss per share (vs PK₨0.93 profit in FY 2020) Full year 2021 results: Net loss: PK₨8.10m (down 131% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨15.15, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 13x in the Construction industry in Asia. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 28
Third quarter 2021 earnings released: PK₨0.15 loss per share (vs PK₨0.086 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: PK₨3.63m (down 61% from 3Q 2020). Net loss: PK₨4.12m (down 270% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨14.18, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Construction industry in Asia. Total loss to shareholders of 25% over the past three years. Announcement • Mar 11
Gammon Pakistan Limited Announces Executive Changes Gammon Pakistan Limited appointed Mrs. Ayesha Alamzeb Durrani as Female Director with effect from March 03, 2021 in place of Mr. Abdul Karim Khan. Reported Earnings • Mar 10
Second quarter 2021 earnings released: EPS PK₨0.16 (vs PK₨0.075 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨13.0m (down 73% from 2Q 2020). Net income: PK₨4.39m (up 108% from 2Q 2020). Profit margin: 34% (up from 4.4% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 10
New 90-day high: PK₨16.31 The company is up 25% from its price of PK₨13.00 on 11 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨15.31, the stock is trading at a trailing P/E ratio of 14.3x, up from the previous P/E ratio of 12x. This compares to an average P/E of 13x in the Construction industry in Asia. Total return to shareholders over the past three years is a loss of 23%. Announcement • Jan 21
Gammon Pakistan Limited Announces Executive Changes Gammon Pakistan Limited informed that Lt. Gen (Retd) Ali Kuli Khan Khattak has been appointed as Chief Executive Officer of the Company with effect from January 01, 2021 in place of Muhammad
Salahuddin. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨11.63, the stock is trading at a trailing P/E ratio of 10.9x, down from the previous P/E ratio of 12.8x. This compares to an average P/E of 13x in the Construction industry in Asia. Total return to shareholders over the past three years is a loss of 32%. Is New 90 Day High Low • Jan 06
New 90-day low: PK₨12.21 The company is down 6.0% from its price of PK₨13.00 on 07 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨13.15, the stock is trading at a trailing P/E ratio of 12.3x, down from the previous P/E ratio of 14.6x. This compares to an average P/E of 12x in the Construction industry in Asia. Total return to shareholders over the past three years is a loss of 15%. Is New 90 Day High Low • Dec 07
New 90-day high: PK₨15.60 The company is up 11% from its price of PK₨14.09 on 08 September 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Reported Earnings • Oct 30
Full year earnings released - EPS PK₨0.93 Over the last 12 months the company has reported total profits of PK₨26.3m, down 35% from the prior year. Total revenue was PK₨184.6m over the last 12 months, down 8.3% from the prior year. Profit margins were 14%, which is lower than the 20% margin from last year. The decrease in margin was driven by lower revenue. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of PK₨39.8m, down 10% from the prior year. Total revenue was PK₨203.8m over the last 12 months, up 33% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: PK₨13.73 The company is down 25% from its price of PK₨18.32 on 30 June 2020. The Pakistani market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period.