Buy Or Sell Opportunity • May 12
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to PK₨150. The fair value is estimated to be PK₨124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. New Risk • May 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.6% operating cash flow to total debt). High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Tillkännagivande • Apr 24
Air Link Communication Limited to Report Q3, 2026 Results on Apr 29, 2026 Air Link Communication Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨143, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Electronic industry in Asia. Total returns to shareholders of 864% over the past three years. Reported Earnings • Mar 02
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: PK₨3.72 (down from PK₨3.74 in 2Q 2025). Revenue: PK₨24.4b (down 31% from 2Q 2025). Net income: PK₨1.47b (flat on 2Q 2025). Profit margin: 6.0% (up from 4.2% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 18
Air Link Communication Limited to Report First Half, 2026 Results on Feb 25, 2026 Air Link Communication Limited announced that they will report first half, 2026 results on Feb 25, 2026 Buy Or Sell Opportunity • Feb 18
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at PK₨175. The fair value is estimated to be PK₨143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. New Risk • Oct 28
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 7.0% 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 (2.7x net interest cover). High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Tillkännagivande • Oct 16
Air Link Communication Limited to Report Q1, 2026 Results on Oct 22, 2025 Air Link Communication Limited announced that they will report Q1, 2026 results on Oct 22, 2025 Upcoming Dividend • Oct 07
Upcoming dividend of PK₨4.50 per share Eligible shareholders must have bought the stock before 14 October 2025. Payment date: 12 November 2025. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Pakistani dividend payers (7.3%). Higher than average of industry peers (1.7%). Reported Earnings • Oct 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: PK₨12.01 (up from PK₨11.70 in FY 2024). Revenue: PK₨104.4b (down 20% from FY 2024). Net income: PK₨4.75b (up 2.6% from FY 2024). Profit margin: 4.5% (up from 3.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Sep 30
Air Link Communication Limited, Annual General Meeting, Oct 22, 2025 Air Link Communication Limited, Annual General Meeting, Oct 22, 2025. Location: at pearl continental hotel, shahrah-e-quaid-e-azam, lahore Pakistan Tillkännagivande • Sep 23
Air Link Communication Limited to Report Fiscal Year 2025 Results on Sep 29, 2025 Air Link Communication Limited announced that they will report fiscal year 2025 results at 9:30 AM, Pakistan Standard Time on Sep 29, 2025 Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨168, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electronic industry in Asia. Total returns to shareholders of 427% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨153, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Electronic industry in Asia. Total returns to shareholders of 361% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨71.94 per share. Price Target Changed • Jun 28
Price target decreased by 14% to PK₨243 Down from PK₨282, the current price target is an average from 2 analysts. New target price is 70% above last closing price of PK₨143. Stock is up 61% over the past year. The company is forecast to post earnings per share of PK₨10.86 for next year compared to PK₨11.70 last year. New Risk • May 12
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 7.7% 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 Interest payments are not well covered by earnings (2.3x net interest cover). 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 (7.7% average weekly change). Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨127, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Electronic industry in Asia. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨74.74 per share. Reported Earnings • Apr 30
Third quarter 2025 earnings released: EPS: PK₨1.35 (vs PK₨2.62 in 3Q 2024) Third quarter 2025 results: EPS: PK₨1.35 (down from PK₨2.62 in 3Q 2024). Revenue: PK₨28.2b (down 12% from 3Q 2024). Net income: PK₨535.3m (down 48% from 3Q 2024). Profit margin: 1.9% (down from 3.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 50% per year. New Risk • Apr 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 04
Second quarter 2025 earnings released: EPS: PK₨3.74 (vs PK₨3.17 in 2Q 2024) Second quarter 2025 results: EPS: PK₨3.74 (up from PK₨3.17 in 2Q 2024). Revenue: PK₨35.3b (flat on 2Q 2024). Net income: PK₨1.48b (up 18% from 2Q 2024). Profit margin: 4.2% (up from 3.5% in 2Q 2024). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 49% per year. Upcoming Dividend • Mar 03
Upcoming dividend of PK₨2.50 per share Eligible shareholders must have bought the stock before 10 March 2025. Payment date: 07 April 2025. Trailing yield: 4.6%. Lower than top quartile of Pakistani dividend payers (9.2%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨208, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in Asia. Total returns to shareholders of 337% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨117 per share. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨155, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Electronic industry in Asia. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨112 per share. Buy Or Sell Opportunity • Nov 28
Now 22% overvalued Over the last 90 days, the stock has fallen 9.1% to PK₨134. The fair value is estimated to be PK₨110, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Reported Earnings • Oct 31
First quarter 2025 earnings released: EPS: PK₨2.13 (vs PK₨2.06 in 1Q 2024) First quarter 2025 results: EPS: PK₨2.13 (up from PK₨2.06 in 1Q 2024). Revenue: PK₨22.1b (down 12% from 1Q 2024). Net income: PK₨842.2m (up 6.8% from 1Q 2024). Profit margin: 3.8% (up from 3.1% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to PK₨137. The fair value is estimated to be PK₨114, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Oct 04
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to PK₨143. The fair value is estimated to be PK₨115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • Sep 12
Upcoming dividend of PK₨4.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 18 October 2024. Trailing yield: 2.9%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (1.9%). Reported Earnings • Sep 07
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: PK₨11.70 (up from PK₨2.50 in FY 2023). Revenue: PK₨129.7b (up 251% from FY 2023). Net income: PK₨4.63b (up 382% from FY 2023). Profit margin: 3.6% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Tillkännagivande • Sep 03
Air Link Communication Limited, Annual General Meeting, Sep 27, 2024 Air Link Communication Limited, Annual General Meeting, Sep 27, 2024. Location: lahore Pakistan Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨132, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Electronic industry in Asia. Total returns to shareholders of 486% over the past year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨104, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 18x in the Electronic industry in Asia. Total returns to shareholders of 320% over the past year. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨2.62 (vs PK₨0.42 in 3Q 2023) Third quarter 2024 results: EPS: PK₨2.62 (up from PK₨0.42 in 3Q 2023). Revenue: PK₨32.2b (up 289% from 3Q 2023). Net income: PK₨1.04b (up PK₨872.4m from 3Q 2023). Profit margin: 3.2% (up from 2.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Asia. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨75.16, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 366% over the past year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨62.75, the stock trades at a trailing P/E ratio of 17.2x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 189% over the past year. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨69.03, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 24x in the Electronic industry in Asia. Total returns to shareholders of 175% over the past year. New Risk • Nov 22
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 8.5% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (PK₨24.2b market cap, or US$84.7m). New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings have declined by 5.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨23.9b market cap, or US$83.7m). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨47.01, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 23x in the Electronic industry in Asia. Total returns to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨35.10, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 22x in the Electronic industry in Asia. Total returns to shareholders of 5.8% over the past year. Reported Earnings • Oct 13
Full year 2023 earnings released: EPS: PK₨2.50 (vs PK₨3.99 in FY 2022) Full year 2023 results: EPS: PK₨2.50 (down from PK₨3.99 in FY 2022). Revenue: PK₨36.9b (down 25% from FY 2022). Net income: PK₨960.5m (down 37% from FY 2022). Profit margin: 2.6% (down from 3.1% in FY 2022). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨27.45, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 23x in the Electronic industry in Asia. Total loss to shareholders of 21% over the past year. New Risk • Jul 08
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 6.5% 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: 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 (6.5% average weekly change). Market cap is less than US$100m (PK₨9.65b market cap, or US$34.7m). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨22.90, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Electronic industry in Asia. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨21.97, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 19x in the Electronic industry in Asia. Total loss to shareholders of 49% over the past year. Reported Earnings • Mar 06
Second quarter 2023 earnings released: EPS: PK₨1.10 (vs PK₨1.65 in 2Q 2022) Second quarter 2023 results: EPS: PK₨1.10 (down from PK₨1.65 in 2Q 2022). Revenue: PK₨13.9b (down 5.6% from 2Q 2022). Net income: PK₨425.5m (down 30% from 2Q 2022). Profit margin: 3.1% (down from 4.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨21.35, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 17x in the Electronic industry in Asia. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨29.58, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 16x in the Electronic industry in Asia. Total loss to shareholders of 48% over the past year. Board Change • Nov 16
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 13
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 20 October 2022. Payment date: 18 November 2022. Trailing yield: 2.7%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (2.3%). Reported Earnings • Oct 09
Full year 2022 earnings released: EPS: PK₨3.99 (vs PK₨4.67 in FY 2021) Full year 2022 results: EPS: PK₨3.99. Revenue: PK₨49.2b (up 3.8% from FY 2021). Net income: PK₨1.53b (up 1.7% from FY 2021). Profit margin: 3.1% (down from 3.2% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨42.78, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 18x in the Electronic industry in Asia. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 24
Air Link Communication Limited has completed an IPO in the amount of PKR 5.85 billion. Air Link Communication Limited has completed an IPO in the amount of PKR 5.85 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,000,000
Price\Range: PKR 65
Discount Per Security: PKR 0.65 Board Change • Sep 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.