Board Change • May 20
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. 8 experienced directors. 2 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Rabeya Jamali was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 22
Confidence Cement PLC to Report Q3, 2026 Results on Apr 30, 2026 Confidence Cement PLC announced that they will report Q3, 2026 results on Apr 30, 2026 Tillkännagivande • Jan 29
Confidence Cement PLC to Report Q2, 2026 Results on Jan 29, 2026 Confidence Cement PLC announced that they will report Q2, 2026 results on Jan 29, 2026 Tillkännagivande • Nov 07
Confidence Cement PLC to Report Q1, 2026 Results on Nov 13, 2025 Confidence Cement PLC announced that they will report Q1, 2026 results on Nov 13, 2025 Tillkännagivande • Nov 04
Confidence Cement PLC announces Annual dividend, payable on January 27, 2026 Confidence Cement PLC announced Annual dividend of BDT 1.0000 per share payable on January 27, 2026, ex-date on November 26, 2025 and record date on November 25, 2025. Tillkännagivande • Nov 03
Confidence Cement PLC, Annual General Meeting, Dec 28, 2025 Confidence Cement PLC, Annual General Meeting, Dec 28, 2025, at 11:00 Central Asia Standard Time. Location: hybrid system, Bangladesh Tillkännagivande • Oct 23
Confidence Cement PLC to Report Fiscal Year 2025 Results on Oct 30, 2025 Confidence Cement PLC announced that they will report fiscal year 2025 results on Oct 30, 2025 Tillkännagivande • Apr 25
Confidence Cement PLC to Report Q3, 2025 Results on Apr 30, 2025 Confidence Cement PLC announced that they will report Q3, 2025 results on Apr 30, 2025 Tillkännagivande • Jan 23
Confidence Cement PLC to Report Q2, 2025 Results on Jan 30, 2025 Confidence Cement PLC announced that they will report Q2, 2025 results on Jan 30, 2025 Tillkännagivande • Nov 11
Confidence Cement PLC to Report Q1, 2025 Results on Nov 14, 2024 Confidence Cement PLC announced that they will report Q1, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳52.40, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Basic Materials industry in Bangladesh. Total loss to shareholders of 48% over the past three years. Reported Earnings • Oct 16
Full year 2024 earnings released Full year 2024 results: Revenue: ৳4.09b (down 10% from FY 2023). Net income: ৳753.3m (up 177% from FY 2023). Profit margin: 18% (up from 6.0% in FY 2023). The increase in margin was driven by lower expenses. New Risk • Sep 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 124% Dividend yield: 1.6% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Market cap is less than US$100m (৳5.44b market cap, or US$45.6m). Upcoming Dividend • Sep 24
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 24 November 2024. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Bangladeshi dividend payers (4.1%). Lower than average of industry peers (5.7%). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳66.80, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 16x in the Basic Materials industry in Bangladesh. Total loss to shareholders of 50% over the past three years. Tillkännagivande • Sep 10
Confidence Cement PLC, Annual General Meeting, Oct 23, 2024 Confidence Cement PLC, Annual General Meeting, Oct 23, 2024, at 11:00 Central Asia Standard Time. New Risk • Sep 06
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 Bangladeshi stocks, typically moving 7.3% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (৳7.25b market cap, or US$60.6m). Tillkännagivande • Sep 03
Confidence Cement PLC to Report Fiscal Year 2024 Results on Sep 09, 2024 Confidence Cement PLC announced that they will report fiscal year 2024 results on Sep 09, 2024 Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳78.60, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 16x in the Basic Materials industry in Bangladesh. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: ৳3.00 (vs ৳1.67 in 3Q 2023) Third quarter 2024 results: EPS: ৳3.00 (up from ৳1.67 in 3Q 2023). Revenue: ৳1.31b (down 4.5% from 3Q 2023). Net income: ৳258.8m (up 80% from 3Q 2023). Profit margin: 20% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 26
Confidence Cement PLC to Report Q3, 2024 Results on Apr 29, 2024 Confidence Cement PLC announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Feb 06
Second quarter 2024 earnings released: EPS: ৳3.50 (vs ৳2.49 in 2Q 2023) Second quarter 2024 results: EPS: ৳3.50 (up from ৳2.49 in 2Q 2023). Revenue: ৳927.2m (down 12% from 2Q 2023). Net income: ৳287.5m (up 34% from 2Q 2023). Profit margin: 31% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 30
Confidence Cement PLC to Report Q4, 2023 Results on Jan 31, 2024 Confidence Cement PLC announced that they will report Q4, 2023 results on Jan 31, 2024 Reported Earnings • Dec 06
Full year 2023 earnings released: EPS: ৳3.31 (vs ৳1.36 in FY 2022) Full year 2023 results: EPS: ৳3.31 (up from ৳1.36 in FY 2022). Revenue: ৳4.56b (up 12% from FY 2022). Net income: ৳271.6m (up 143% from FY 2022). Profit margin: 6.0% (up from 2.7% in FY 2022). 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 only fallen by 3% per year, which means it has not declined as severely as earnings. Tillkännagivande • Dec 04
Confidence Cement Limited to Report Q1, 2024 Results on Dec 06, 2023 Confidence Cement Limited announced that they will report Q1, 2024 results on Dec 06, 2023 Upcoming Dividend • Dec 03
Upcoming dividend of ৳0.50 per share at 0.6% yield Eligible shareholders must have bought the stock before 10 December 2023. Payment date: 29 January 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (5.1%). New Risk • Nov 26
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (৳7.31b market cap, or US$66.4m). Tillkännagivande • Nov 21
Confidence Cement Limited Recommends for the Year Ended June 30, 2023 The Board of Directors of Confidence Cement Limited recommended 5% cash dividend for the year ended June 30, 2023. Date of AGM is December 30, 2023. Tillkännagivande • Nov 20
Confidence Cement Limited, Annual General Meeting, Dec 30, 2023 Confidence Cement Limited, Annual General Meeting, Dec 30, 2023, at 11:00 Bangladesh Standard Time. Reported Earnings • May 11
Third quarter 2023 earnings released: EPS: ৳1.84 (vs ৳2.49 in 3Q 2022) Third quarter 2023 results: EPS: ৳1.84 (down from ৳2.49 in 3Q 2022). Revenue: ৳1.37b (up 2.5% from 3Q 2022). Net income: ৳143.7m (down 30% from 3Q 2022). Profit margin: 11% (down from 15% in 3Q 2022). Reported Earnings • Feb 22
Second quarter 2023 earnings released: EPS: ৳2.61 (vs ৳3.26 in 2Q 2022) Second quarter 2023 results: EPS: ৳2.61 (down from ৳3.26 in 2Q 2022). Revenue: ৳1.05b (down 1.4% from 2Q 2022). Net income: ৳214.6m (down 20% from 2Q 2022). Profit margin: 20% (down from 25% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 31
Full year 2022 earnings released: EPS: ৳1.36 (vs ৳15.10 in FY 2021) Full year 2022 results: EPS: ৳1.36 (down from ৳15.10 in FY 2021). Revenue: ৳4.06b (down 12% from FY 2021). Net income: ৳111.7m (down 91% from FY 2021). Profit margin: 2.7% (down from 27% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 30 January 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (4.3%). Tillkännagivande • Nov 16
Confidence Cement Limited Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Confidence Cement Limited has recommended 5% cash and 5% stock dividend for the year ended June 30, 2022. 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. 7 non-independent directors. Independent Director Rabeya Jamali was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. 7 non-independent directors. Independent Director Rabeya Jamali was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳3.45 (up from ৳2.66 in 2Q 2021). Revenue: ৳1.07b (up 59% from 2Q 2021). Net income: ৳269.6m (up 29% from 2Q 2021). Profit margin: 25% (down from 31% 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 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 17
Upcoming dividend of ৳2.50 per share Eligible shareholders must have bought the stock before 24 November 2021. Payment date: 20 January 2022. Trailing yield: 2.1%. Lower than top quartile of Bangladeshi dividend payers (2.9%). Higher than average of industry peers (1.5%). Reported Earnings • Sep 09
Third quarter 2021 earnings released: EPS ৳7.80 (vs ৳2.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳1.49b (up 15% from 3Q 2020). Net income: ৳610.0m (up 246% from 3Q 2020). Profit margin: 41% (up from 14% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 25
Upcoming Dividend of ৳1.50 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 1st of February. The trailing yield of 1.1% is below the top quartile of Bangladeshi dividend payers (3.3%), and is lower than industry peers (1.7%). Is New 90 Day High Low • Dec 24
New 90-day high: ৳120 The company is up 2.0% from its price of ৳118 on 24 September 2020. The Bangladeshi market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: ৳103 The company is down 4.0% from its price of ৳107 on 30 July 2020. The Bangladeshi market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. Tillkännagivande • Sep 07
Confidence Cement Limited to Report Q3, 2020 Results on Jul 30, 2020 Confidence Cement Limited announced that they will report Q3, 2020 results on Jul 30, 2020