Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨0.88 (vs PK₨0.91 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.88 (down from PK₨0.91 in 3Q 2025). Revenue: PK₨1.04b (down 14% from 3Q 2025). Net income: PK₨202.5m (down 3.3% from 3Q 2025). Profit margin: 19% (up from 17% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Image Pakistan Limited to Report Q3, 2026 Results on Apr 29, 2026 Image Pakistan Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨23.65, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 307% over the past three years. Announcement • Mar 06
Image Pakistan Limited announces Annual dividend Image Pakistan Limited announced Annual dividend of PKR 0.2000 per share, ex-date on March 05, 2026 and record date on March 05, 2026. Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: PK₨1.59 (vs PK₨1.23 in 2Q 2025) Second quarter 2026 results: EPS: PK₨1.59 (up from PK₨1.23 in 2Q 2025). Revenue: PK₨1.17b (flat on 2Q 2025). Net income: PK₨366.6m (up 30% from 2Q 2025). Profit margin: 31% (up from 24% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
Image Pakistan Limited to Report First Half, 2026 Results on Feb 26, 2026 Image Pakistan Limited announced that they will report first half, 2026 results on Feb 26, 2026 Upcoming Dividend • Oct 14
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 21 October 2025. Payment date: 18 November 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Pakistani dividend payers (7.5%). Higher than average of industry peers (1.8%). Announcement • Oct 08
Image Pakistan Limited, Annual General Meeting, Oct 28, 2025 Image Pakistan Limited, Annual General Meeting, Oct 28, 2025. Location: f/538, s.i.t.e, karachi Pakistan Reported Earnings • Oct 08
Full year 2025 earnings released: EPS: PK₨3.30 (vs PK₨2.78 in FY 2024) Full year 2025 results: EPS: PK₨3.30 (up from PK₨2.78 in FY 2024). Revenue: PK₨4.60b (up 16% from FY 2024). Net income: PK₨759.3m (up 90% from FY 2024). Profit margin: 17% (up from 10.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 08
Image Pakistan Limited Recommends Cash Dividend Image Pakistan Limited announced at its Annual General Meeting to be held on October 28, 2025, to consider and approve the payment of cash dividend @ 10%, that is PKR 1.00 per share. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨31.83, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 310% over the past three years. New Risk • Jul 03
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 9.3% 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 High level of non-cash earnings (35% accrual ratio). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (PK₨7.48b market cap, or US$26.3m). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨24.46, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Luxury industry in Pakistan. Total returns to shareholders of 218% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨22.10, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 172% over the past three years. New Risk • May 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (35% accrual ratio). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (PK₨4.53b market cap, or US$16.1m). Upcoming Dividend • May 02
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 04 June 2025. The company last paid an ordinary dividend in October 2018. The average dividend yield among industry peers is 4.6%. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨25.27, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 169% over the past three years. Reported Earnings • Feb 28
Second quarter 2025 earnings released: EPS: PK₨1.23 (vs PK₨0.49 in 2Q 2024) Second quarter 2025 results: EPS: PK₨1.23 (up from PK₨0.49 in 2Q 2024). Revenue: PK₨1.17b (up 34% from 2Q 2024). Net income: PK₨282.8m (up 338% from 2Q 2024). Profit margin: 24% (up from 7.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨22.64, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 126% over the past three years. New Risk • Dec 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 Pakistani stocks, typically moving 8.2% 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 High level of non-cash earnings (37% accrual ratio). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (PK₨4.82b market cap, or US$17.3m). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨17.98, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 119% over the past three years. Reported Earnings • Nov 04
First quarter 2025 earnings released: EPS: PK₨1.19 (vs PK₨1.38 in 1Q 2024) First quarter 2025 results: EPS: PK₨1.19. Revenue: PK₨951.2m (up 20% from 1Q 2024). Net income: PK₨273.9m (up 51% from 1Q 2024). Profit margin: 29% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. New Risk • Oct 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% 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 Risk Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risk Market cap is less than US$100m (PK₨3.14b market cap, or US$11.3m). Announcement • Sep 28
Image Pakistan Limited, Annual General Meeting, Oct 28, 2024 Image Pakistan Limited, Annual General Meeting, Oct 28, 2024. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨12.63, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨15.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 16% over the past three years. New Risk • May 25
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: 10% Last year net profit margin: 19% 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₨1.80b market cap, or US$6.49m). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 28x cash flows per share). Profit margins are more than 30% lower than last year (10% net profit margin). New Risk • Apr 18
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: Major Risks High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (PK₨1.62b market cap, or US$5.81m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). New Risk • Mar 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (PK₨1.57b market cap, or US$5.63m). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨11.98, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 15x in the Luxury industry in Pakistan. Total returns to shareholders of 133% over the past three years. New Risk • Dec 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Market cap is less than US$10m (PK₨2.47b market cap, or US$8.68m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: PK₨1.91 (vs PK₨0.57 in 3Q 2022) Third quarter 2023 results: EPS: PK₨1.91 (up from PK₨0.57 in 3Q 2022). Revenue: PK₨852.5m (up 41% from 3Q 2022). Net income: PK₨227.3m (up 296% from 3Q 2022). Profit margin: 27% (up from 9.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (PK₨2.24b market cap, or US$7.80m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨14.63, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total returns to shareholders of 267% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨13.52, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 198% 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 8.0% 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 (8.0% average weekly change). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (PK₨1.67b market cap, or US$5.82m). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨11.47, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to PK₨12.03, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 228% over the past three years. Board Change • Nov 16
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 Director Mohammad Ziyad Syed 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. Reported Earnings • Oct 11
Full year 2022 earnings released Full year 2022 results: Revenue: PK₨1.72b (up 72% from FY 2021). Net income: PK₨208.1m (up 81% from FY 2021). Profit margin: 12% (in line with FY 2021). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨14.09, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 186% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨12.00, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 100% over the past three years. Announcement • May 08
Tri-Star Polyester Announces Board Changes Tri-Star Polyester informed Pakistan Stock Exchange that Mr. Mohammad Zameer has ceased to be the director ofthe company with effect from May 06, 2022 and Mr. Mohammad Ziyad Akhtar Syed has been appointed as anIndependent Director. Board Change • Apr 27
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. Independent Non-Executive Chairman Syed Hussam Subzwari was the last independent 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. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨17.27, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 29% share price gain to PK₨16.56, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 13x in the Luxury industry in Pakistan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 01
First quarter 2022 earnings released: EPS PK₨0.72 (vs PK₨0.20 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨315.4m (up 94% from 1Q 2021). Net income: PK₨40.7m (up 255% from 1Q 2021). Profit margin: 13% (up from 7.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨18.12, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 84% over the past three years. Upcoming Dividend • Oct 01
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 06 October 2021. Payment date: 18 November 2021. Trailing yield: 4.4%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (3.2%). Reported Earnings • Sep 30
Full year 2021 earnings released: EPS PK₨2.02 (vs PK₨0.39 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨1.00b (up 149% from FY 2020). Net income: PK₨115.1m (up 414% from FY 2020). Profit margin: 12% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨20.67, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨28.92, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨27.91, the stock trades at a trailing P/E ratio of 37.7x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨30.64, the stock trades at a trailing P/E ratio of 41.4x. Average forward P/E is 15x in the Luxury industry in Pakistan. Total returns to shareholders of 71% over the past three years. Executive Departure • Jun 16
Non Executive Director Mohammad Saeed has left the company On the 10th of June, Mohammad Saeed's tenure as Non Executive Director ended. We don't have any record of a personal shareholding under Mohammad's name. A total of 3 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨27.69, the stock trades at a trailing P/E ratio of 37.4x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨20.38, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 9.5% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 25% share price gain to PK₨16.14, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨13.00, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total loss to shareholders of 38% over the past three years. Reported Earnings • Mar 03
Second quarter 2021 earnings released: EPS PK₨0.38 (vs PK₨0.03 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨240.8m (up 209% from 2Q 2020). Net income: PK₨21.6m (up PK₨19.8m from 2Q 2020). Profit margin: 9.0% (up from 2.2% 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 70% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨10.46, the stock is trading at a trailing P/E ratio of 26.6x, up from the previous P/E ratio of 22.7x. This compares to an average P/E of 11x in the Luxury industry in Pakistan. Total return to shareholders over the past three years is a loss of 47%. Is New 90 Day High Low • Mar 02
New 90-day high: PK₨10.46 The company is up 28% from its price of PK₨8.16 on 02 December 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. Announcement • Feb 16
Chtri-Star Polyester Limited Appoints Ms. Marium Ahmad as Director Tri-Star Polyester Limited informed Pakistan Stock Exchange that Ms. Marium Ahmad has been appointed as Director of the company with effect from February 15, 2021 in place if Mr. Abdul Quddus. Executive Departure • Feb 16
Non Executive Director has left the company On the 8th of February, Syed Imran's tenure in the role of Non Executive Director ended. We don't have any record of a personal shareholding under Syed's name. Syed is the only executive to leave the company over the last 12 months. Announcement • Feb 10
Tri-Star Polyester Limited Announces Change of Director Tri-Star Polyester Limited announced that Mrs. Farnaz Ahmad has been appointed as Director of the Company with effect from February 08, 2021 in place of Mr. Syed Imran. Is New 90 Day High Low • Jan 02
New 90-day high: PK₨9.56 The company is up 19% from its price of PK₨8.06 on 02 October 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Oct 10
Full year earnings released - EPS PK₨0.39 Over the last 12 months the company has reported total profits of PK₨22.4m, down 57% from the prior year. Total revenue was PK₨403.2m over the last 12 months, up 4.2% from the prior year. Profit margins were 5.6%, which is lower than the 14% margin from last year. The decrease in margin was driven by higher expenses. Reported Earnings • Oct 03
Full year earnings released - EPS PK₨0.39 Over the last 12 months the company has reported total profits of PK₨22.4m, down 57% from the prior year. Total revenue was PK₨403.2m over the last 12 months, up 4.2% from the prior year. Profit margins were 5.6%, which is lower than the 14% margin from last year. The decrease in margin was driven by higher expenses.