New Risk • Jun 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 Bangladeshi stocks, typically moving 6.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (৳3.59b market cap, or US$29.3m). Board Change • May 20
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. Independent Director Md. Rahman 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. Duyuru • Apr 22
Anwar Galvanizing Limited to Report Q3, 2026 Results on Apr 28, 2026 Anwar Galvanizing Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Duyuru • Jan 20
Anwar Galvanizing Limited to Report Q2, 2026 Results on Jan 26, 2026 Anwar Galvanizing Limited announced that they will report Q2, 2026 results on Jan 26, 2026 Duyuru • Oct 27
Anwar Galvanizing Limited, Annual General Meeting, Feb 08, 2026 Anwar Galvanizing Limited, Annual General Meeting, Feb 08, 2026. Duyuru • Apr 21
Anwar Galvanizing Limited to Report Q3, 2025 Results on Apr 28, 2025 Anwar Galvanizing Limited announced that they will report Q3, 2025 results on Apr 28, 2025 Duyuru • Jan 22
Anwar Galvanizing Limited to Report Q2, 2025 Results on Jan 29, 2025 Anwar Galvanizing Limited announced that they will report Q2, 2025 results on Jan 29, 2025 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳70.00, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 33x in the Metals and Mining industry in Bangladesh. Total loss to shareholders of 62% over the past three years. Duyuru • Nov 09
Anwar Galvanizing Limited to Report Q1, 2025 Results on Nov 12, 2024 Anwar Galvanizing Limited announced that they will report Q1, 2025 results on Nov 12, 2024 Reported Earnings • Nov 06
Full year 2024 earnings released: EPS: ৳2.72 (vs ৳1.97 in FY 2023) Full year 2024 results: EPS: ৳2.72 (up from ৳1.97 in FY 2023). Revenue: ৳642.8m (down 13% from FY 2023). Net income: ৳82.1m (up 38% from FY 2023). Profit margin: 13% (up from 8.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 24% per year. New Risk • Nov 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.2% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (৳2.42b market cap, or US$20.3m). Declared Dividend • Oct 31
Dividend of ৳1.00 announced Dividend of ৳1.00 is the same as last year. Ex-date: 8th December 2024 Payment date: 9th March 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (44% 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 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Oct 30
Anwar Galvanizing Limited Recommends Cash Dividend for the Year Ended June 30, 2024 The Board of Directors of Anwar Galvanizing Limited have recommended 10% Cash Dividend for the year ended June 30, 2024. Date of AGM: February 5, 2025. Record Date: December 5, 2024. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳89.10, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 40x in the Metals and Mining industry in Bangladesh. Total loss to shareholders of 56% over the past three years. Duyuru • Oct 15
Anwar Galvanizing Limited to Report Fiscal Year 2024 Results on Oct 28, 2024 Anwar Galvanizing Limited announced that they will report fiscal year 2024 results on Oct 28, 2024 Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳1.35 (vs ৳1.58 in 3Q 2023) Third quarter 2024 results: EPS: ৳1.35 (down from ৳1.58 in 3Q 2023). Revenue: ৳190.8m (down 14% from 3Q 2023). Net income: ৳40.9m (down 14% from 3Q 2023). Profit margin: 21% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Duyuru • Apr 24
Anwar Galvanizing Limited to Report Q3, 2024 Results on Apr 29, 2024 Anwar Galvanizing Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ৳181, the stock trades at a trailing P/E ratio of 73x. Average trailing P/E is 48x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 253% over the past three years. Reported Earnings • Feb 03
Second quarter 2024 earnings released: EPS: ৳1.09 (vs ৳1.12 in 2Q 2023) Second quarter 2024 results: EPS: ৳1.09 (down from ৳1.12 in 2Q 2023). Revenue: ৳178.5m (up 13% from 2Q 2023). Net income: ৳32.9m (down 2.4% from 2Q 2023). Profit margin: 18% (down from 21% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 25
Anwar Galvanizing Limited to Report Q2, 2024 Results on Jan 30, 2024 Anwar Galvanizing Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Upcoming Dividend • Nov 28
Upcoming dividend of ৳1.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 05 December 2023. Payment date: 05 March 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 19
First quarter 2024 earnings released: EPS: ৳1.10 (vs ৳0.56 in 1Q 2023) First quarter 2024 results: EPS: ৳1.10 (up from ৳0.56 in 1Q 2023). Revenue: ৳144.9m (down 18% from 1Q 2023). Net income: ৳33.1m (up 96% from 1Q 2023). Profit margin: 23% (up from 9.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (৳6.44b market cap, or US$58.2m). Duyuru • Oct 31
Anwar Galvanizing Limited Recommends Dividend for the Year Ended June 30, 2023 Anwar Galvanizing Limited announced that the Board of Directors at AGM has recommended 10% Cash Dividend for the year ended June 30, 2023. Duyuru • Oct 30
Anwar Galvanizing Limited, Annual General Meeting, Feb 04, 2024 Anwar Galvanizing Limited, Annual General Meeting, Feb 04, 2024, at 11:30 Bangladesh Standard Time. Duyuru • Oct 28
Anwar Galvanizing Limited to Report Q1, 2024 Results on Nov 01, 2023 Anwar Galvanizing Limited announced that they will report Q1, 2024 results on Nov 01, 2023 Duyuru • Sep 16
Anwar Galvanizing Limited Announces Chief Executive Officer Changes Anwar Galvanizing Limited has informed that the Board of Directors has decided to appoint Mr. Moniruzzaman as the Chief Executive Officer of the company in place of Mr. AKM Javed. Reported Earnings • Jun 02
Third quarter 2023 earnings released: EPS: ৳1.58 (vs ৳1.17 in 3Q 2022) Third quarter 2023 results: EPS: ৳1.58 (up from ৳1.17 in 3Q 2022). Revenue: ৳222.1m (up 20% from 3Q 2022). Net income: ৳47.6m (up 35% from 3Q 2022). Profit margin: 21% (up from 19% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 08
Second quarter 2023 earnings released: EPS: ৳1.12 (vs ৳0.98 in 2Q 2022) Second quarter 2023 results: EPS: ৳1.12 (up from ৳0.98 in 2Q 2022). Revenue: ৳157.8m (down 19% from 2Q 2022). Net income: ৳33.7m (up 14% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. 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. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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 • Nov 10
Upcoming dividend of ৳2.00 per share Eligible shareholders must have bought the stock before 17 November 2022. Payment date: 16 February 2023. Payout ratio is a comfortable 18% 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 (2.8%). Duyuru • Nov 01
Anwar Galvanizing Limited Recommends Cash Dividend for the Year Ended June 30, 2022 Anwar Galvanizing Limited announced that the Board of Directors has recommended 20% Cash Dividend for the year ended June 30, 2022. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 17% share price gain to ৳479, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 27x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 763% over the past three years. 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. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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. Reported Earnings • Feb 15
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: ৳194.0m (up 51% from 2Q 2021). Net income: ৳38.1m (up 259% from 2Q 2021). Profit margin: 20% (up from 8.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 14
Upcoming dividend of ৳2.00 per share Eligible shareholders must have bought the stock before 21 November 2021. Payment date: 13 February 2022. Trailing yield: 0.5%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (3.8%). Reported Earnings • Oct 17
Full year 2021 earnings released: EPS ৳3.92 (vs ৳1.93 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ৳610.0m (up 14% from FY 2020). Net income: ৳59.7m (up 102% from FY 2020). Profit margin: 9.8% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to ৳199, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 23x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to ৳151, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 25x in the Metals and Mining industry in Bangladesh. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to ৳113, the stock is trading at a trailing P/E ratio of 41.7x, up from the previous P/E ratio of 35.6x. This compares to an average P/E of 33x in the Metals and Mining industry in Bangladesh. Total returns to shareholders over the past three years are 46%. Is New 90 Day High Low • Feb 18
New 90-day low: ৳101 The company is down 21% from its price of ৳127 on 19 November 2020. The Bangladeshi market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: ৳112 The company is down 12% from its price of ৳128 on 03 November 2020. The Bangladeshi market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. 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 ৳132, the stock is trading at a trailing P/E ratio of 52.2x, up from the previous P/E ratio of 45.4x. This compares to an average P/E of 26x in the Metals and Mining industry in Bangladesh. Total returns to shareholders over the past three years are 79%. Upcoming Dividend • Nov 29
Upcoming Dividend of ৳1.00 Per Share Will be paid on the 2nd of March to those who are registered shareholders by the 6th of December. The trailing yield of 0.8% is below the top quartile of Bangladeshi dividend payers (3.8%), and is lower than industry peers (2.9%). Duyuru • Oct 17
Anwar Galvanizing Limited to Report Fiscal Year 2020 Results on Oct 27, 2020 Anwar Galvanizing Limited announced that they will report fiscal year 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 07
New 90-day high: ৳142 The company is up 109% from its price of ৳67.80 on 09 July 2020. The Bangladeshi market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period.