Mehran Sugar Mills Past Earnings Performance

Past criteria checks 4/6

Mehran Sugar Mills has been growing earnings at an average annual rate of 32.6%, while the Food industry saw earnings growing at 18% annually. Revenues have been growing at an average rate of 13.5% per year. Mehran Sugar Mills's return on equity is 37.4%, and it has net margins of 15.3%.

Key information

32.6%

Earnings growth rate

33.6%

EPS growth rate

Food Industry Growth	17.9%
Revenue growth rate	13.5%
Return on equity	37.4%
Net Margin	15.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Mehran Sugar Mills makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KASE:MRNS Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	10,650	1,628	423
30 Sep 23	10,984	1,443	394
30 Jun 23	9,201	1,075	370
31 Mar 23	7,750	512	339
31 Dec 22	7,639	497	327
30 Sep 22	6,898	289	328
30 Jun 22	5,410	-19	319
31 Mar 22	5,900	-140	327
31 Dec 21	6,499	-17	315
30 Sep 21	6,064	-15	308
30 Jun 21	6,109	232	266
31 Mar 21	5,795	235	266
31 Dec 20	5,882	90	274
30 Sep 20	6,425	47	266
30 Jun 20	6,481	111	301
31 Mar 20	6,638	338	300
31 Dec 19	5,566	336	308
30 Sep 19	5,312	403	315
30 Jun 19	5,098	540	321
31 Dec 18	4,812	594	387
30 Sep 18	4,791	407	393
30 Jun 18	5,197	-31	413
31 Dec 17	5,762	-209	349
30 Sep 17	5,501	130	328
30 Jun 17	5,429	450	264
31 Mar 17	6,866	628	264
31 Dec 16	5,859	605	236
30 Sep 16	7,113	542	234
30 Jun 16	7,085	591	226
31 Mar 16	5,688	579	228
31 Dec 15	5,681	562	219
30 Sep 15	4,361	430	214
30 Jun 15	4,421	293	228
31 Mar 15	4,233	192	228
31 Dec 14	5,440	260	262
30 Sep 14	6,498	269	261
30 Jun 14	5,324	368	235
31 Mar 14	6,658	433	251
31 Dec 13	6,204	376	234
30 Sep 13	5,797	397	226
30 Jun 13	6,444	386	231

Quality Earnings: MRNS has a high level of non-cash earnings.

Growing Profit Margin: MRNS's current net profit margins (15.3%) are higher than last year (6.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MRNS's earnings have grown significantly by 32.6% per year over the past 5 years.

Accelerating Growth: MRNS's earnings growth over the past year (227.5%) exceeds its 5-year average (32.6% per year).

Earnings vs Industry: MRNS earnings growth over the past year (227.5%) exceeded the Food industry 19.3%.

Return on Equity

High ROE: Whilst MRNS's Return on Equity (37.39%) is high, this metric is skewed due to their high level of debt.

Mehran Sugar Mills Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: PK₨19.26 (vs PK₨4.31 in FY 2022)

Third quarter 2023 earnings released: EPS: PK₨8.66 (vs PK₨1.15 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨1.58 (vs PK₨1.47 in 2Q 2022)

First quarter 2023 earnings released: EPS: PK₨4.25 (vs PK₨1.20 in 1Q 2022)

Full year 2022 earnings released: EPS: PK₨5.33 (vs PK₨0.25 loss in FY 2021)

Third quarter 2022 earnings released: EPS: PK₨1.42 (vs PK₨0.59 loss in 3Q 2021)

Recent updates

New major risk - Financial position

Full year 2023 earnings released: EPS: PK₨19.26 (vs PK₨4.31 in FY 2022)

Upcoming dividend of PK₨3.00 per share at 9.3% yield

Investor sentiment improves as stock rises 19%

Now 22% undervalued

Now 23% undervalued

Investor sentiment improves as stock rises 17%

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: PK₨8.66 (vs PK₨1.15 in 3Q 2022)

Upcoming dividend of PK₨3.00 per share at 2.9% yield

Investor sentiment improves as stock rises 18%

New minor risk - Share price stability

New minor risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: PK₨1.58 (vs PK₨1.47 in 2Q 2022)

First quarter 2023 earnings released: EPS: PK₨4.25 (vs PK₨1.20 in 1Q 2022)

Mehran Sugar Mills Limited Announces Board Changes

Full year 2022 earnings released: EPS: PK₨5.33 (vs PK₨0.25 loss in FY 2021)

Less than half of directors are independent

Mehran Sugar Mills Limited Announces Board Changes

Mehran Sugar Mills Limited Announces Company Secretary Changes

Third quarter 2022 earnings released: EPS: PK₨1.42 (vs PK₨0.59 loss in 3Q 2021)

Less than half of directors are independent

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Mehran Sugar Mills Limited Announces Chief Executive Officer Changes

Inaugural dividend of PK₨0.75 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Third quarter 2021 earnings released: PK₨0.73 loss per share (vs PK₨0.67 loss in 3Q 2020)

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS PK₨4.40 (vs PK₨1.43 in 2Q 2020)

Upcoming dividend of PK₨1.50 per share

New 90-day low: PK₨52.50

Mehran Sugar Mills Limited Announces Resignation of Muhammad Bashir Kodvawala as Director

New 90-day low: PK₨54.02

Full year 2020 earnings released: EPS PK₨0.95 (vs PK₨8.24 in FY 2019)

New 90-day low: PK₨54.05

New 90-day low: PK₨57.00

New 90-day low: PK₨63.00

New 90-day low: PK₨63.75

Third quarter earnings released

New 90-day high - PK₨64.69

New 90-day high - PK₨62.94

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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