Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨118, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 17x in the Leisure industry in Asia. Total returns to shareholders of 129% over the past three years. New Risk • May 14
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 10% 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 Market cap is less than US$10m (PK₨830.2m market cap, or US$2.98m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Revenue is less than US$5m (PK₨497m revenue, or US$1.8m). Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨103, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 20x in the Leisure industry in Asia. Total returns to shareholders of 89% over the past three years. Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨2.22 (vs PK₨4.35 in 3Q 2025) Third quarter 2026 results: EPS: PK₨2.22 (down from PK₨4.35 in 3Q 2025). Revenue: PK₨124.9m (down 31% from 3Q 2025). Net income: PK₨16.3m (down 49% from 3Q 2025). Profit margin: 13% (down from 18% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 20
GOC (Pak) Limited to Report Q3, 2026 Results on Apr 28, 2026 GOC (Pak) Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨96.23, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Leisure industry in Asia. Total returns to shareholders of 64% over the past three years. Reported Earnings • Feb 28
Second quarter 2026 earnings released: EPS: PK₨1.55 (vs PK₨1.00 in 2Q 2025) Second quarter 2026 results: EPS: PK₨1.55 (up from PK₨1.00 in 2Q 2025). Revenue: PK₨119.3m (flat on 2Q 2025). Net income: PK₨11.4m (up 55% from 2Q 2025). Profit margin: 9.5% (up from 6.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨88.30, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Leisure industry in Asia. Total returns to shareholders of 50% over the past three years. Announcement • Feb 19
GOC (Pak) Limited to Report First Half, 2026 Results on Feb 26, 2026 GOC (Pak) Limited announced that they will report first half, 2026 results on Feb 26, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨2.73 (vs PK₨0.51 in 1Q 2025) First quarter 2026 results: EPS: PK₨2.73 (up from PK₨0.51 in 1Q 2025). Revenue: PK₨151.2m (up 118% from 1Q 2025). Net income: PK₨20.1m (up 431% from 1Q 2025). Profit margin: 13% (up from 5.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Oct 24
GOC (Pak) Limited to Report Q3, 2025 Results on Oct 29, 2025 GOC (Pak) Limited announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Sep 29
GOC (Pak) Limited, Annual General Meeting, Oct 22, 2025 GOC (Pak) Limited, Annual General Meeting, Oct 22, 2025. Location: at small industries estate,sialkot., Pakistan New Risk • Sep 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (PK₨1.00b market cap, or US$3.55m). Minor Risks Profit margins are more than 30% lower than last year (5.5% net profit margin). Revenue is less than US$5m (PK₨472m revenue, or US$1.7m). Announcement • Sep 27
GOC (Pak) Limited announces Annual dividend, payable on November 12, 2025 GOC (Pak) Limited announced Annual dividend of PKR 1.0000 per share payable on November 12, 2025, ex-date on October 13, 2025 and record date on October 14, 2025. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨129, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Leisure industry in Asia. Total returns to shareholders of 286% over the past three years. New Risk • Jul 23
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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (PK₨837.6m market cap, or US$2.94m). Minor Risk Revenue is less than US$5m (PK₨616m revenue, or US$2.2m). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨96.16, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 19x in the Leisure industry in Asia. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨73.72, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 17x in the Leisure industry in Asia. Total returns to shareholders of 83% over the past three years. New Risk • Jan 08
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 9.0% 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 Market cap is less than US$10m (PK₨553.2m market cap, or US$1.99m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Revenue is less than US$5m (PK₨509m revenue, or US$1.8m). Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨79.20, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 19x in the Leisure industry in Asia. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨63.90, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 18x in the Leisure industry in Asia. Total returns to shareholders of 25% over the past three years. New Risk • Nov 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨418.8m market cap, or US$1.51m). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Revenue is less than US$5m (PK₨509m revenue, or US$1.8m). Upcoming Dividend • Oct 10
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 15 November 2024. Trailing yield: 3.4%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (1.9%). Reported Earnings • Oct 05
Full year 2024 earnings released: EPS: PK₨13.45 (vs PK₨20.92 in FY 2023) Full year 2024 results: EPS: PK₨13.45 (down from PK₨20.92 in FY 2023). Revenue: PK₨578.7m (down 16% from FY 2023). Net income: PK₨98.8m (down 36% from FY 2023). Profit margin: 17% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 03
GOC (Pak) Limited, Annual General Meeting, Oct 26, 2024 GOC (Pak) Limited, Annual General Meeting, Oct 26, 2024. Location: small industries estate sialkot, Pakistan Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to PK₨93.48, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 18x in the Leisure industry in Asia. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨61.32, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 19x in the Leisure industry in Asia. Total returns to shareholders of 70% over the past three years. Board Change • Jun 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 30
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be PK₨66.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 90%. Board Change • Nov 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 41% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (PK₨338.1m market cap, or US$1.22m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (22% net profit margin). Revenue is less than US$5m (PK₨691m revenue, or US$2.5m). Board Change • Oct 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨2.31 (vs PK₨1.98 in 3Q 2022) Third quarter 2023 results: EPS: PK₨2.31 (up from PK₨1.98 in 3Q 2022). Revenue: PK₨115.5m (up 44% from 3Q 2022). Net income: PK₨16.9m (up 17% from 3Q 2022). Profit margin: 15% (down from 18% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 26
Second quarter 2023 earnings released: EPS: PK₨1.95 (vs PK₨0.013 in 2Q 2022) Second quarter 2023 results: EPS: PK₨1.95 (up from PK₨0.013 in 2Q 2022). Revenue: PK₨148.3m (up 165% from 2Q 2022). Net income: PK₨14.3m (up PK₨14.2m from 2Q 2022). Profit margin: 9.6% (up from 0.2% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Feb 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨60.98, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 16x in the Leisure industry in Asia. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨50.50, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 17x in the Leisure industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 24% share price gain to PK₨67.49, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 16x in the Leisure industry in Asia. Total returns to shareholders of 35% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 10
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨48.70, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 14x in the Leisure industry in Asia. Total loss to shareholders of 6.3% over the past three years. Board Change • Mar 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 31
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
First quarter 2022 earnings released: PK₨0.73 loss per share (vs PK₨0.12 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: PK₨30.9m (down 36% from 1Q 2021). Net loss: PK₨5.37m (down PK₨6.22m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Oct 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS PK₨0.78 (vs PK₨2.57 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨204.6m (down 20% from FY 2020). Net income: PK₨5.72m (down 70% from FY 2020). Profit margin: 2.8% (down from 7.3% in FY 2020). The decrease in margin was driven by lower revenue. 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 2% per year, which means it is well ahead of earnings. Board Change • Sep 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Syed Hassan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨52.90, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Leisure industry in Asia. Total loss to shareholders of 4.0% over the past three years. Reported Earnings • Apr 28
Third quarter 2021 earnings released: EPS PK₨1.40 (vs PK₨1.37 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨63.1m (down 17% from 3Q 2020). Net income: PK₨10.3m (up 2.3% from 3Q 2020). Profit margin: 16% (up from 13% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Reported Earnings • Oct 28
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨20.4m, down 71% from the prior year. Total revenue was PK₨264.3m over the last 12 months, down 14% from the prior year. Reported Earnings • Sep 19
Full year earnings released - EPS PK₨2.57 Over the last 12 months the company has reported total profits of PK₨18.9m, down 74% from the prior year. Total revenue was PK₨257.0m over the last 12 months, down 16% from the prior year. Profit margins were 7.3%, which is lower than the 23% margin from last year. The decrease in margin was primarily driven by lower revenue.