Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Mohammed Islam was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 27
Sinobangla Industries Limited to Report Q3, 2026 Results on Apr 29, 2026 Sinobangla Industries Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Duyuru • Jan 22
Sinobangla Industries Limited to Report Q2, 2026 Results on Jan 28, 2026 Sinobangla Industries Limited announced that they will report Q2, 2026 results on Jan 28, 2026 Duyuru • Nov 10
Sinobangla Industries Limited to Report Q1, 2026 Results on Nov 12, 2025 Sinobangla Industries Limited announced that they will report Q1, 2026 results on Nov 12, 2025 Duyuru • Oct 29
Sinobangla Industries Limited announces Annual dividend, payable on February 25, 2026 Sinobangla Industries Limited announced Annual dividend of BDT 1.0000 per share payable on February 25, 2026, ex-date on November 30, 2025 and record date on November 27, 2025. Duyuru • Oct 28
Sinobangla Industries Limited, Annual General Meeting, Jan 26, 2026 Sinobangla Industries Limited, Annual General Meeting, Jan 26, 2026, at 11:30 Central Asia Standard Time. Duyuru • Oct 21
Sinobangla Industries Limited to Report Fiscal Year 2025 Results on Oct 27, 2025 Sinobangla Industries Limited announced that they will report fiscal year 2025 results on Oct 27, 2025 Duyuru • Apr 21
Sinobangla Industries Limited to Report Q3, 2025 Results on Apr 27, 2025 Sinobangla Industries Limited announced that they will report Q3, 2025 results on Apr 27, 2025 Duyuru • Jan 21
Sinobangla Industries Limited to Report Q2, 2025 Results on Jan 27, 2025 Sinobangla Industries Limited announced that they will report Q2, 2025 results on Jan 27, 2025 Duyuru • Nov 09
Sinobangla Industries Limited to Report Q3, 2025 Results on Nov 13, 2024 Sinobangla Industries Limited announced that they will report Q3, 2025 results on Nov 13, 2024 Reported Earnings • Nov 05
Full year 2024 earnings released: EPS: ৳1.38 (vs ৳1.73 in FY 2023) Full year 2024 results: EPS: ৳1.38. Revenue: ৳2.34b (up 15% from FY 2023). Net income: ৳37.7m (up 7.7% from FY 2023). Profit margin: 1.6% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Oct 30
Dividend of ৳1.00 announced Dividend of ৳1.00 is the same as last year. Ex-date: 1st December 2024 Payment date: 26th February 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 11% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years. Duyuru • Oct 28
Sinobangla Industries Limited, Annual General Meeting, Jan 27, 2025 Sinobangla Industries Limited, Annual General Meeting, Jan 27, 2025, at 11:30 Central Asia Standard Time. Duyuru • Oct 20
Sinobangla Industries Limited to Report Q4, 2024 Results on Oct 26, 2024 Sinobangla Industries Limited announced that they will report Q4, 2024 results on Oct 26, 2024 New Risk • Jul 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.17b (US$9.93m) This is considered a major 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 Risk Market cap is less than US$10m (৳1.17b market cap, or US$9.93m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (50% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ৳44.20, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 19x in the Packaging industry in Asia. Total returns to shareholders of 41% over the past three years. Duyuru • Apr 26
Sinobangla Industries Limited to Report Q3, 2024 Results on Apr 29, 2024 Sinobangla Industries Limited announced that they will report Q3, 2024 results on Apr 29, 2024 New Risk • Feb 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (৳1.44b market cap, or US$13.1m). Reported Earnings • Feb 20
Second quarter 2024 earnings released: EPS: ৳0.18 (vs ৳0.28 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.18 (down from ৳0.28 in 2Q 2023). Revenue: ৳590.8m (up 28% from 2Q 2023). Net income: ৳3.60m (down 36% from 2Q 2023). Profit margin: 0.6% (down from 1.2% 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 5% per year whereas the company’s share price has remained flat. Duyuru • Jan 25
Sinobangla Industries Limited to Report Q2, 2024 Results on Jan 29, 2024 Sinobangla Industries Limited announced that they will report Q2, 2024 results on Jan 29, 2024 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳50.80, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 18x in the Packaging industry in Asia. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • Nov 26
Upcoming dividend of ৳1.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 03 December 2023. Payment date: 25 February 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Higher than average of industry peers (1.0%). Duyuru • Oct 28
Sinobangla Industries Limited, Annual General Meeting, Jan 25, 2024 Sinobangla Industries Limited, Annual General Meeting, Jan 25, 2024, at 05:30 Coordinated Universal Time. Duyuru • Oct 27
Sinobangla Industries Limited Recommends Cash Dividend for the Year Ended June 30, 2023 The Board of Directors of Sinobangla Industries Limited has recommended 10% Cash Dividend for the year ended June 30, 2023. Duyuru • Oct 19
Sinobangla Industries Limited to Report Fiscal Year 2023 Results on Oct 25, 2023 Sinobangla Industries Limited announced that they will report fiscal year 2023 results on Oct 25, 2023 Reported Earnings • May 10
Third quarter 2023 earnings released: EPS: ৳0.61 (vs ৳0.60 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.61 (up from ৳0.60 in 3Q 2022). Revenue: ৳545.2m (down 8.5% from 3Q 2022). Net income: ৳12.2m (flat on 3Q 2022). Profit margin: 2.2% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Feb 03
Second quarter 2023 earnings released: EPS: ৳0.28 (vs ৳0.29 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.28 (down from ৳0.29 in 2Q 2022). Revenue: ৳463.2m (down 28% from 2Q 2022). Net income: ৳5.60m (down 3.0% from 2Q 2022). Profit margin: 1.2% (up from 0.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 19 February 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (1.9%). Reported Earnings • Nov 20
First quarter 2023 earnings released: EPS: ৳0.33 (vs ৳0.29 in 1Q 2022) First quarter 2023 results: EPS: ৳0.33 (up from ৳0.29 in 1Q 2022). Revenue: ৳545.5m (down 6.9% from 1Q 2022). Net income: ৳6.60m (up 12% from 1Q 2022). Profit margin: 1.2% (up from 1.0% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. 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. 6 non-independent directors. Independent Director Mahfuzur Rahman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Full year 2022 earnings released: EPS: ৳1.81 (vs ৳1.79 in FY 2021) Full year 2022 results: EPS: ৳1.81 (up from ৳1.79 in FY 2021). Revenue: ৳2.38b (up 13% from FY 2021). Net income: ৳36.1m (flat on FY 2021). Profit margin: 1.5% (down from 1.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to ৳90.40, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 40x in the Packaging industry in Bangladesh. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 21% share price gain to ৳78.20, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 37x in the Packaging industry in Bangladesh. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to ৳64.40, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 36x in the Packaging industry in Bangladesh. Total loss to shareholders of 20% over the past three years. 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. 6 non-independent directors. Independent Director Mahfuzur Rahman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.29 (down from ৳0.40 in 2Q 2021). Revenue: ৳639.4m (up 25% from 2Q 2021). Net income: ৳5.78m (down 28% from 2Q 2021). Profit margin: 0.9% (down from 1.6% 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 fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Nov 24
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 23 February 2022. Trailing yield: 2.0%. Lower than top quartile of Bangladeshi dividend payers (3.0%). In line with average of industry peers (2.0%). Reported Earnings • Jul 04
Third quarter 2021 earnings released: EPS ৳0.48 (vs ৳0.42 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ৳502.2m (up 16% from 3Q 2020). Net income: ৳9.56m (up 14% from 3Q 2020). Profit margin: 1.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Feb 06
Second quarter 2021 earnings released: EPS ৳0.40 (vs ৳0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳512.1m (up 9.8% from 2Q 2020). Net income: ৳8.03m (up 14% from 2Q 2020). Profit margin: 1.6% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Nov 24
Upcoming Dividend of ৳0.50 Per Share Will be paid on the 24th of February to those who are registered shareholders by the 1st of December. The trailing yield of 1.0% is below the top quartile of Bangladeshi dividend payers (3.8%), and is lower than industry peers (2.0%). Duyuru • Nov 10
Sinobangla Industries Limited to Report Q1, 2021 Results on Nov 12, 2020 Sinobangla Industries Limited announced that they will report Q1, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: ৳50.80 The company is down 1.0% from its price of ৳51.20 on 23 July 2020. The Bangladeshi market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. Duyuru • Jul 07
Sinobangla Industries Ltd. to Report Q3, 2020 Results on Jun 28, 2020 Sinobangla Industries Ltd. announced that they will report Q3, 2020 results on Jun 28, 2020