Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨1.83 (vs PK₨1.03 in 3Q 2025) Third quarter 2026 results: EPS: PK₨1.83 (up from PK₨1.03 in 3Q 2025). Revenue: PK₨1.87b (up 21% from 3Q 2025). Net income: PK₨108.6m (up 78% from 3Q 2025). Profit margin: 5.8% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to PK₨29.36, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 8x in the Packaging industry in Pakistan. Total returns to shareholders of 119% over the past three years. Announcement • Apr 21
Macpac Films Limited to Report Q3, 2026 Results on Apr 28, 2026 Macpac Films Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to PK₨23.49, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 10x in the Packaging industry in Pakistan. Total returns to shareholders of 76% over the past three years. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: PK₨0.42 (vs PK₨0.07 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.42 (up from PK₨0.07 in 2Q 2025). Revenue: PK₨1.69b (up 16% from 2Q 2025). Net income: PK₨24.7m (up 460% from 2Q 2025). Profit margin: 1.5% (up from 0.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨32.85, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 13x in the Packaging industry in Pakistan. Total returns to shareholders of 156% over the past three years. Announcement • Feb 03
Macpac Films Limited to Report Q2, 2026 Results on Feb 10, 2026 Macpac Films Limited announced that they will report Q2, 2026 results on Feb 10, 2026 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to PK₨35.40, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 13x in the Packaging industry in Pakistan. Total returns to shareholders of 165% over the past three years. New Risk • Jan 20
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 8.8% 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 (8.8% average weekly change). Market cap is less than US$10m (PK₨1.91b market cap, or US$6.82m). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Jan 03
Shahzaib Tariq to Leave Macpac Films Limited as Chief Financial Officer Macpac Films Limited informed that Mr. Shahzaib Tariq, Chief Financial Officer, has indicated that he will be leaving Macpac Films Limited to pursue other opportunities. An announcement with regard to the appointment of a new Chief Financial Officer will be made in due course. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨28.94, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 13x in the Packaging industry in Pakistan. Total returns to shareholders of 139% over the past three years. Reported Earnings • Nov 02
First quarter 2026 earnings released: PK₨0.33 loss per share (vs PK₨0.13 profit in 1Q 2025) First quarter 2026 results: PK₨0.33 loss per share (down from PK₨0.13 profit in 1Q 2025). Revenue: PK₨1.37b (down 7.0% from 1Q 2025). Net loss: PK₨19.3m (down 359% from profit in 1Q 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 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨23.00, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 13x in the Packaging industry in Pakistan. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨26.17, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 12x in the Packaging industry in Pakistan. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨0.50 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 14 November 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Pakistani dividend payers (7.3%). Lower than average of industry peers (2.9%). Reported Earnings • Sep 07
Full year 2025 earnings released: EPS: PK₨1.44 (vs PK₨4.35 in FY 2024) Full year 2025 results: EPS: PK₨1.44 (down from PK₨4.35 in FY 2024). Revenue: PK₨5.99b (up 6.7% from FY 2024). Net income: PK₨85.3m (down 67% from FY 2024). Profit margin: 1.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Declared Dividend • Sep 03
Dividend reduced to PK₨0.50 Dividend of PK₨0.50 is 60% lower than last year. Ex-date: 15th October 2025 Payment date: 14th November 2025 Dividend yield will be 1.6%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to PK₨40.29, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 9x in the Packaging industry in Pakistan. Total returns to shareholders of 199% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to PK₨40.59, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 9x in the Packaging industry in Pakistan. Total returns to shareholders of 203% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨65.00, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 9x in the Packaging industry in Pakistan. Total returns to shareholders of 405% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to PK₨32.15, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 9x in the Packaging industry in Pakistan. Total returns to shareholders of 146% over the past three years. New Risk • Jun 19
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 8.8% 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 Risk Market cap is less than US$10m (PK₨1.92b market cap, or US$6.78m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Buy Or Sell Opportunity • Jun 13
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to PK₨22.15. The fair value is estimated to be PK₨17.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 13%. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨19.37, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 9x in the Packaging industry in Pakistan. Total returns to shareholders of 64% over the past three years. Buy Or Sell Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to PK₨13.33. The fair value is estimated to be PK₨16.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Mar 01
Second quarter 2025 earnings released: EPS: PK₨0.07 (vs PK₨1.04 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.07 (down from PK₨1.04 in 2Q 2024). Revenue: PK₨1.46b (up 1.6% from 2Q 2024). Net income: PK₨4.42m (down 93% from 2Q 2024). Profit margin: 0.3% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
First quarter 2025 earnings released: EPS: PK₨0.13 (vs PK₨1.97 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.13 (down from PK₨1.97 in 1Q 2024). Revenue: PK₨1.48b (flat on 1Q 2024). Net income: PK₨7.45m (down 94% from 1Q 2024). Profit margin: 0.5% (down from 8.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨1.25 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 14 November 2024. Trailing yield: 6.9%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (4.3%). Reported Earnings • Sep 21
Full year 2024 earnings released: EPS: PK₨4.35 (vs PK₨6.40 in FY 2023) Full year 2024 results: EPS: PK₨4.35 (down from PK₨6.40 in FY 2023). Revenue: PK₨5.62b (up 2.1% from FY 2023). Net income: PK₨257.7m (down 32% from FY 2023). Profit margin: 4.6% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 20
Macpac Films Limited, Annual General Meeting, Oct 24, 2024 Macpac Films Limited, Annual General Meeting, Oct 24, 2024. Location: karachi Pakistan Declared Dividend • Sep 20
Dividend reduced to PK₨1.25 Dividend of PK₨1.25 is 17% lower than last year. Ex-date: 15th October 2024 Payment date: 14th November 2024 Dividend yield will be 6.7%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 61% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨19.62, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 11x in the Packaging industry in Pakistan. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨1.11 (vs PK₨2.21 in 3Q 2023) Third quarter 2024 results: EPS: PK₨1.11 (down from PK₨2.21 in 3Q 2023). Revenue: PK₨1.37b (up 1.3% from 3Q 2023). Net income: PK₨66.1m (down 50% from 3Q 2023). Profit margin: 4.8% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Second quarter 2024 earnings released: EPS: PK₨1.04 (vs PK₨1.78 in 2Q 2023) Second quarter 2024 results: EPS: PK₨1.04 (down from PK₨1.78 in 2Q 2023). Revenue: PK₨1.43b (up 6.1% from 2Q 2023). Net income: PK₨61.6m (down 42% from 2Q 2023). Profit margin: 4.3% (down from 7.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 29
Upcoming dividend of PK₨1.50 per share at 8.8% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 06 November 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 8.8%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (6.8%). Reported Earnings • Sep 26
Full year 2023 earnings released: EPS: PK₨6.39 (vs PK₨3.11 in FY 2022) Full year 2023 results: EPS: PK₨6.39 (up from PK₨3.11 in FY 2022). Revenue: PK₨5.51b (up 32% from FY 2022). Net income: PK₨379.2m (up 106% from FY 2022). Profit margin: 6.9% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨2.21 (vs PK₨1.48 in 3Q 2022) Third quarter 2023 results: EPS: PK₨2.21 (up from PK₨1.48 in 3Q 2022). Revenue: PK₨1.35b (up 26% from 3Q 2022). Net income: PK₨131.2m (up 50% from 3Q 2022). Profit margin: 9.7% (up from 8.1% in 3Q 2022). The increase in margin was driven by higher revenue. 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 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Macpac Films Limited Announces Board Changes Macpac Films Limited announced the appointment of Mr. Shabbir Hamza Khandwala as Director of the company in place of Mr. Muhammad Omar Sabir with effect from February 16, 2023. 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 Hafsa Abbasy 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 29
First quarter 2023 earnings released: EPS: PK₨1.12 (vs PK₨0.48 in 1Q 2022) First quarter 2023 results: EPS: PK₨1.12 (up from PK₨0.48 in 1Q 2022). Revenue: PK₨1.24b (up 36% from 1Q 2022). Net income: PK₨66.5m (up 132% from 1Q 2022). Profit margin: 5.4% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 28
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 04 November 2022. Trailing yield: 6.2%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (7.7%). Reported Earnings • May 02
Third quarter 2022 earnings released: EPS: PK₨1.48 (vs PK₨1.07 in 3Q 2021) Third quarter 2022 results: EPS: PK₨1.48 (up from PK₨1.07 in 3Q 2021). Revenue: PK₨1.07b (up 37% from 3Q 2021). Net income: PK₨87.5m (up 38% from 3Q 2021). Profit margin: 8.1% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 108% 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 • 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. 5 non-independent directors. CEO & Director Najm Ul Hassan was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨0.96 (up from PK₨0.87 in 2Q 2021). Revenue: PK₨1.01b (up 37% from 2Q 2021). Net income: PK₨56.7m (up 10.0% from 2Q 2021). Profit margin: 5.6% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
First quarter 2022 earnings released: EPS PK₨0.48 (vs PK₨0.68 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨909.8m (up 29% from 1Q 2021). Net income: PK₨28.6m (down 29% from 1Q 2021). Profit margin: 3.1% (down from 5.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 25
Full year 2021 earnings released: EPS PK₨3.15 (vs PK₨1.06 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨3.03b (up 40% from FY 2020). Net income: PK₨186.7m (up PK₨249.5m from FY 2020). Profit margin: 6.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 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₨26.40, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Packaging industry in Pakistan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Apr 25
Third quarter 2021 earnings released: EPS PK₨1.07 (vs PK₨0.82 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨782.3m (up 45% from 3Q 2020). Net income: PK₨63.4m (up PK₨111.7m from 3Q 2020). Profit margin: 8.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨19.89, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 15x in the Packaging industry in Pakistan. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨17.50, the stock is trading at a trailing P/E ratio of 26.5x, down from the previous P/E ratio of 31.6x. This compares to an average P/E of 15x in the Packaging industry in Pakistan. Total return to shareholders over the past three years is a loss of 8.4%. Is New 90 Day High Low • Feb 12
New 90-day low: PK₨21.60 The company is down 12% from its price of PK₨24.59 on 13 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 7.0% over the same period. Executive Departure • Jan 29
Chief Financial Officer has left the company On the 25th of January, Hasan Tariq's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Hasan's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Jan 18
New 90-day high: PK₨27.13 The company is up 32% from its price of PK₨20.52 on 20 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨27.13, the stock is trading at a trailing P/E ratio of 75.6x, up from the previous P/E ratio of 62.7x. This compares to an average P/E of 22x in the Packaging industry in Pakistan. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Oct 30
New 90-day low: PK₨18.10 The company is down 8.0% from its price of PK₨19.65 on 30 July 2020. The Pakistani market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 29% over the same period. Reported Earnings • Oct 09
Full year earnings released - PK₨1.06 loss per share Over the last 12 months the company has reported total losses of PK₨62.9m, with losses narrowing by 73% from the prior year. Total revenue was PK₨2.16b over the last 12 months, down 10% from the prior year. Reported Earnings • Oct 02
Full year earnings released - PK₨1.06 loss per share Over the last 12 months the company has reported total losses of PK₨62.9m, with losses narrowing by 73% from the prior year. Total revenue was PK₨2.16b over the last 12 months, down 10% from the prior year. Announcement • Sep 22
Macpac Films Limited Announces Cessation of Mansoor Younus as Independent Director MACPAC Films Limited informed that Mr. Mansoor Younus has ceased to be the Independent Director of the company with effect from August 13, 2020.