Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ৳60.80, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Basic Materials industry in Bangladesh. Total loss to shareholders of 8.8% over the past three years. Board Change • May 20
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. 8 non-independent directors. Independent Director Barrister Siraj was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 27
Crown Cement PLC to Report Q3, 2026 Results on Apr 29, 2026 Crown Cement PLC announced that they will report Q3, 2026 results on Apr 29, 2026 Tillkännagivande • Jan 25
Crown Cement PLC to Report Q2, 2026 Results on Jan 28, 2026 Crown Cement PLC announced that they will report Q2, 2026 results on Jan 28, 2026 Tillkännagivande • Nov 05
Crown Cement PLC to Report Q1, 2026 Results on Nov 12, 2025 Crown Cement PLC announced that they will report Q1, 2026 results on Nov 12, 2025 Tillkännagivande • Oct 21
Crown Cement PLC announces Annual dividend, payable on January 21, 2026 Crown Cement PLC announced Annual dividend of BDT 2.1000 per share payable on January 21, 2026, ex-date on November 17, 2025 and record date on November 16, 2025. Tillkännagivande • Oct 20
Crown Cement PLC, Annual General Meeting, Dec 22, 2025 Crown Cement PLC, Annual General Meeting, Dec 22, 2025, at 15:00 Central Asia Standard Time. Tillkännagivande • Apr 23
Crown Cement PLC to Report Q3, 2025 Results on Apr 29, 2025 Crown Cement PLC announced that they will report Q3, 2025 results on Apr 29, 2025 Tillkännagivande • Jan 27
Crown Cement PLC to Report Q2, 2025 Results on Jan 30, 2025 Crown Cement PLC announced that they will report Q2, 2025 results on Jan 30, 2025 Tillkännagivande • Nov 06
Crown Cement PLC to Report Q1, 2025 Results on Nov 10, 2024 Crown Cement PLC announced that they will report Q1, 2025 results on Nov 10, 2024 Declared Dividend • Oct 30
Dividend of ৳2.10 announced Shareholders will receive a dividend of ৳2.10. Ex-date: 14th November 2024 Payment date: 19th January 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (25% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 28
Crown Cement PLC, Annual General Meeting, Dec 18, 2024 Crown Cement PLC, Annual General Meeting, Dec 18, 2024, at 15:00 Central Asia Standard Time. Tillkännagivande • Oct 17
Crown Cement PLC to Report Fiscal Year 2024 Results on Oct 24, 2024 Crown Cement PLC announced that they will report fiscal year 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ৳63.70, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Basic Materials industry in Bangladesh. Total loss to shareholders of 4.7% over the past three years. Reported Earnings • May 05
Third quarter 2024 earnings released: EPS: ৳1.15 (vs ৳1.52 in 3Q 2023) Third quarter 2024 results: EPS: ৳1.15 (down from ৳1.52 in 3Q 2023). Revenue: ৳7.99b (up 15% from 3Q 2023). Net income: ৳170.2m (down 25% from 3Q 2023). Profit margin: 2.1% (down from 3.2% 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 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 26
Crown Cement PLC to Report Q3, 2024 Results on Apr 29, 2024 Crown Cement PLC announced that they will report Q3, 2024 results on Apr 29, 2024 New Risk • Mar 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳10.9b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (৳10.9b market cap, or US$99.4m). Reported Earnings • Jan 31
Second quarter 2024 earnings released: EPS: ৳2.44 (vs ৳0.99 in 2Q 2023) Second quarter 2024 results: EPS: ৳2.44 (up from ৳0.99 in 2Q 2023). Revenue: ৳7.11b (up 14% from 2Q 2023). Net income: ৳362.3m (up 146% from 2Q 2023). Profit margin: 5.1% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 25
Crown Cement PLC to Report Q2, 2024 Results on Jan 29, 2024 Crown Cement PLC announced that they will report Q2, 2024 results on Jan 29, 2024 New Risk • Dec 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Nov 15
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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks High level of debt (106% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Upcoming Dividend • Nov 14
Upcoming dividend of ৳2.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 21 January 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Bangladeshi dividend payers (3.3%). Lower than average of industry peers (5.1%). New Risk • Nov 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.0b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks High level of debt (106% net debt to equity). Market cap is less than US$100m (৳11.0b market cap, or US$99.9m). Tillkännagivande • Oct 26
Crown Cement PLC Recommends Cash Dividend for the Year Ended June 30, 2023 Crown Cement PLC has recommended 20% Cash Dividend for the year ended June 30, 2023. Tillkännagivande • Oct 24
Crown Cement PLC, Annual General Meeting, Dec 20, 2023 Crown Cement PLC, Annual General Meeting, Dec 20, 2023, at 15:00 Bangladesh Standard Time. Tillkännagivande • Oct 17
Crown Cement PLC to Report Fiscal Year 2023 Results on Oct 22, 2023 Crown Cement PLC announced that they will report fiscal year 2023 results on Oct 22, 2023 New Risk • Jun 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Board Change • Apr 06
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. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zakir Khan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 22
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. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zakir Khan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 29
Second quarter 2023 earnings released: EPS: ৳0.99 (vs ৳0.21 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.99 (up from ৳0.21 in 2Q 2022). Revenue: ৳6.23b (up 31% from 2Q 2022). Net income: ৳147.3m (up 375% from 2Q 2022). Profit margin: 2.4% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Board Change • Jan 13
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. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zakir Khan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 13
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. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zakir Khan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 05
Full year 2022 earnings released: ৳1.54 loss per share (vs ৳5.79 profit in FY 2021) Full year 2022 results: ৳1.54 loss per share (down from ৳5.79 profit in FY 2021). Revenue: ৳19.1b (up 17% from FY 2021). Net loss: ৳229.3m (down 127% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 26 January 2023. Trailing yield: 1.3%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (3.7%). Board Change • Nov 18
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. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Chief Advisor Masud Khan was the last 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 • Oct 28
Crown Cement PLC Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Crown Cement PLC has recommended 10% Cash Dividend from the amount of Retained Earnings for the year ended June 30, 2022. Date of AGM: 27.12.2022. 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. 5 non-independent directors. Chief Advisor Masud Khan was the last 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. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 21% share price gain to ৳74.60, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the Basic Materials industry in Bangladesh. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • Feb 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳6.21 (up from ৳1.52 in 2Q 2021). Revenue: ৳4.76b (up 17% from 2Q 2021). Net income: ৳31.0m (down 86% from 2Q 2021). Profit margin: 0.7% (down from 5.5% 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 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 11
Upcoming dividend of ৳2.00 per share Eligible shareholders must have bought the stock before 18 November 2021. Payment date: 16 January 2022. Trailing yield: 2.8%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • May 29
Third quarter 2021 earnings released: EPS ৳2.70 (vs ৳0.29 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳5.11b (up 13% from 3Q 2020). Net income: ৳401.6m (up ৳358.5m from 3Q 2020). Profit margin: 7.9% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ৳48.50, the stock is trading at a trailing P/E ratio of 16.1x, down from the previous P/E ratio of 19x. This compares to an average P/E of 21x in the Basic Materials industry in Bangladesh. Total return to shareholders over the past three years is a loss of 34%. Reported Earnings • Feb 02
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳4.07b (up 6.1% from 2Q 2020). Net income: ৳225.7m (up ৳492.9m from 2Q 2020). Profit margin: 5.5% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day high: ৳52.10 The company is up 19% from its price of ৳43.80 on 03 November 2020. The Bangladeshi market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ৳50.80 The company is up 16% from its price of ৳43.80 on 14 October 2020. The Bangladeshi market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 38% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ৳48.00 The company is up 5.0% from its price of ৳45.60 on 15 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 6.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS ৳0.29 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ৳4.54b (up 11% from 3Q 2019). Net income: ৳43.2m (up 1.5% from 3Q 2019). Profit margin: 1.0% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 30
Upcoming Dividend of ৳1.00 Per Share Will be paid on the 28th of January to those who are registered shareholders by the 7th of December. The trailing yield of 2.3% is below the top quartile of Bangladeshi dividend payers (3.8%), but is in line with industry peers (2.4%). Tillkännagivande • Nov 23
M. I. Cement Factory Limited to Report Q1, 2021 Results on Nov 26, 2020 M. I. Cement Factory Limited announced that they will report Q1, 2021 results on Nov 26, 2020 Tillkännagivande • Nov 16
M. I. Cement Factory Limited, Annual General Meeting, Dec 29, 2020 M. I. Cement Factory Limited, Annual General Meeting, Dec 29, 2020, at 11:00 Bangladesh Standard Time. Agenda: To recommend 10% cash dividend for the year ended on June 30, 2020; and to consider earnings results for the year ended on June 30, 2020. Tillkännagivande • Jun 21
M. I. Cement Factory Limited to Report Q3, 2020 Results on Jun 20, 2020 M. I. Cement Factory Limited announced that they will report Q3, 2020 results on Jun 20, 2020 