Rafhan Maize Products Past Earnings Performance

Past criteria checks 4/6

Rafhan Maize Products has been growing earnings at an average annual rate of 7.2%, while the Food industry saw earnings growing at 18% annually. Revenues have been growing at an average rate of 17.3% per year. Rafhan Maize Products's return on equity is 30.3%, and it has net margins of 10.3%.

Key information

7.2%

Earnings growth rate

7.2%

EPS growth rate

Food Industry Growth	17.9%
Revenue growth rate	17.3%
Return on equity	30.3%
Net Margin	10.3%
Last Earnings Update	30 Sep 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Rafhan Maize Products makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KASE:RMPL Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	66,377	6,834	2,112
30 Jun 23	66,268	7,148	1,968
31 Mar 23	63,882	6,988	1,831
31 Dec 22	58,756	6,179	1,672
30 Sep 22	53,921	5,866	1,598
30 Jun 22	49,077	5,511	1,470
31 Mar 22	45,228	6,067	1,368
31 Dec 21	42,610	6,257	1,292
30 Sep 21	40,225	7,061	1,207
30 Jun 21	38,661	7,571	1,236
31 Mar 21	36,424	6,810	1,150
31 Dec 20	35,873	6,094	1,191
30 Sep 20	35,841	5,984	1,158
30 Jun 20	35,069	5,614	1,081
31 Mar 20	35,987	5,616	1,138
31 Dec 19	35,261	5,444	1,067
30 Sep 19	33,811	5,221	853
30 Jun 19	32,610	4,986	849
31 Mar 19	31,067	4,771	1,147
31 Dec 18	29,564	4,772	905
30 Sep 18	27,840	4,491	1,132
30 Jun 18	27,041	4,396	1,130
31 Mar 18	26,338	4,375	1,130
31 Dec 17	26,018	4,392	1,126
30 Sep 17	26,022	4,253	1,285
30 Jun 17	25,665	3,988	1,223
31 Mar 17	25,560	4,029	1,104
31 Dec 16	25,298	3,879	1,011
30 Sep 16	25,106	3,973	758
30 Jun 16	24,811	3,857	728
31 Mar 16	25,098	3,548	719
31 Dec 15	24,618	3,275	699
30 Sep 15	24,540	2,858	665
30 Jun 15	25,114	2,732	645
31 Mar 15	25,059	2,639	628
31 Dec 14	25,197	2,517	613
30 Sep 14	25,259	2,962	403
30 Jun 14	25,172	3,044	448
31 Mar 14	24,561	2,925	504
31 Dec 13	23,673	2,781	542
30 Sep 13	22,738	2,169	812
30 Jun 13	21,333	2,015	780

Quality Earnings: RMPL has high quality earnings.

Growing Profit Margin: RMPL's current net profit margins (10.3%) are lower than last year (10.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RMPL's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: RMPL's earnings growth over the past year (16.5%) exceeds its 5-year average (7.2% per year).

Earnings vs Industry: RMPL earnings growth over the past year (16.5%) did not outperform the Food industry 48.8%.

Rafhan Maize Products Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2023 earnings released: EPS: PK₨146 (vs PK₨180 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨176 (vs PK₨158 in 2Q 2022)

Third quarter 2022 earnings released: EPS: PK₨180 (vs PK₨141 in 3Q 2021)

Second quarter 2022 earnings released: EPS: PK₨158 (vs PK₨219 in 2Q 2021)

Full year 2021 earnings released: EPS: PK₨677 (vs PK₨660 in FY 2020)

Third quarter 2021 earnings released: EPS PK₨141 (vs PK₨197 in 3Q 2020)

Recent updates

Dividend of PK₨75.00 announced

Upcoming dividend of PK₨100.00 per share

Third quarter dividend of PK₨75.00 announced

New minor risk - Share price stability

Investor sentiment improves as stock rises 21%

Third quarter 2023 earnings released: EPS: PK₨146 (vs PK₨180 in 3Q 2022)

Upcoming dividend of PK₨100.00 per share at 3.4% yield

Second quarter 2023 earnings released: EPS: PK₨176 (vs PK₨158 in 2Q 2022)

Upcoming dividend of PK₨75.00 per share at 3.3% yield

Rafhan Maize Products Company Limited Appoints Kamran Yousuf Mirza as Independent Director

Rafhan Maize Products Company Limited Announces the Resignation of Waqar Ahmed Malik as Independent Director

Less than half of directors are independent

Upcoming dividend of PK₨75.00 per share at 2.5% yield

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: PK₨180 (vs PK₨141 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: PK₨158 (vs PK₨219 in 2Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Rafhan Maize Products Co. Limited Announces Chief Executive Officer Changes

Upcoming dividend of PK₨150 per share

Full year 2021 earnings released: EPS: PK₨677 (vs PK₨660 in FY 2020)

Rafhan Maize Products Company Limited Announces Board Changes

Upcoming dividend of PK₨150 per share

Third quarter 2021 earnings released: EPS PK₨141 (vs PK₨197 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of PK₨150 per share

Second quarter 2021 earnings released: EPS PK₨219 (vs PK₨136 in 2Q 2020)

Non-Executive Director Janet Bawcom has left the company

First quarter 2021 earnings released: EPS PK₨214 (vs PK₨136 in 1Q 2020)

Upcoming dividend of PK₨250 per share

Full year 2020 earnings released: EPS PK₨660 (vs PK₨589 in FY 2019)

Non-Executive Director has left the company

Independent & Non-Executive Director has left the company

Rafhan Maize Products Co. Limited Appoints Michael Fergus O'Riordan as Director

Full year 2020 earnings released

New 90-day high: PK₨10,479

New 90-day high: PK₨9,850

New 90-day high: PK₨9,300

New 90-day high: PK₨8,900

Third quarter 2020 earnings released: EPS PK₨197

Third quarter earnings released

New 90-day high - PK₨8,365

First half earnings released

New 90-day high - PK₨7,950

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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Revenue & Expenses Breakdown
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