Upcoming Dividend • 7h
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 17 June 2026. Trailing yield: 2.7%. Lower than top quartile of Pakistani dividend payers (7.5%). In line with average of industry peers (2.5%). Duyuru • May 06
Avanceon Limited, Annual General Meeting, May 23, 2026 Avanceon Limited, Annual General Meeting, May 23, 2026. Location: at the nishant hotel, grand imperial hall, 9-a, 3rd floor, gulberg iii, mian mehmood ali kasuri road, lahore Pakistan Reported Earnings • May 05
Full year 2025 earnings released: EPS: PK₨1.51 (vs PK₨5.11 in FY 2024) Full year 2025 results: EPS: PK₨1.51 (down from PK₨5.11 in FY 2024). Revenue: PK₨15.9b (down 1.7% from FY 2024). Net income: PK₨647.4m (down 68% from FY 2024). Profit margin: 4.1% (down from 12% in FY 2024). 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 12% per year, which means it is significantly lagging earnings. New Risk • May 04
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: 3.0% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (PK₨14.3b market cap, or US$51.2m). Duyuru • May 01
Avanceon Limited announces Annual dividend, payable on June 17, 2026 Avanceon Limited announced Annual dividend of PKR 1.0000 per share payable on June 17, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Duyuru • Apr 22
Avanceon Limited to Report Fiscal Year 2025 Results on Apr 30, 2026 Avanceon Limited announced that they will report fiscal year 2025 results at 9:30 AM, Pakistan Standard Time on Apr 30, 2026 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨32.30, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 17x in the IT industry in Pakistan. Total loss to shareholders of 32% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: PK₨0.75 loss per share (vs PK₨0.78 profit in 3Q 2024) Third quarter 2025 results: PK₨0.75 loss per share (down from PK₨0.78 profit in 3Q 2024). Revenue: PK₨2.17b (down 44% from 3Q 2024). Net loss: PK₨310.6m (down 201% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Oct 17
Avanceon Limited to Report Q3, 2025 Results on Oct 27, 2025 Avanceon Limited announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Sep 03
Second quarter 2025 earnings released: PK₨0.25 loss per share (vs PK₨0.047 profit in 2Q 2024) Second quarter 2025 results: PK₨0.25 loss per share (down from PK₨0.047 profit in 2Q 2024). Revenue: PK₨2.72b (down 17% from 2Q 2024). Net loss: PK₨109.1m (down PK₨134.9m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Aug 22
Avanceon Limited to Report First Half, 2025 Results on Aug 29, 2025 Avanceon Limited announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to PK₨51.42, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 19x in the IT industry in Pakistan. Total loss to shareholders of 5.3% over the past three years. Duyuru • Apr 07
Avanceon Limited, Annual General Meeting, Apr 30, 2025 Avanceon Limited, Annual General Meeting, Apr 30, 2025. Location: lahore hotel faran, nursery, block-6, p.e.c.h.s, shahra-e-faisal, karachi Pakistan Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: PK₨0.78 (vs PK₨0.76 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.78 (up from PK₨0.76 in 3Q 2023). Revenue: PK₨3.88b (up 73% from 3Q 2023). Net income: PK₨308.7m (up 13% from 3Q 2023). Profit margin: 8.0% (down from 12% 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 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 04
Second quarter 2024 earnings released: EPS: PK₨0.04 (vs PK₨1.14 in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.04 (down from PK₨1.14 in 2Q 2023). Revenue: PK₨3.28b (down 30% from 2Q 2023). Net income: PK₨25.8m (down 94% from 2Q 2023). Profit margin: 0.8% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨67.16, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 12x in the IT industry in Pakistan. Negligible returns to shareholders over past three years. Reported Earnings • May 01
Full year 2023 earnings released: EPS: PK₨6.70 (vs PK₨4.80 in FY 2022) Full year 2023 results: EPS: PK₨6.70 (up from PK₨4.80 in FY 2022). Revenue: PK₨17.8b (up 86% from FY 2022). Net income: PK₨2.52b (up 27% from FY 2022). Profit margin: 14% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 11
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 21 May 2024. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 1.7%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨60.36, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the IT industry in Pakistan. Total returns to shareholders of 17% over the past three years. New Risk • Dec 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨20.7b market cap, or US$73.3m). Board Change • Sep 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mohammad Mir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 31
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: 17% Last year net profit margin: 28% 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: Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (PK₨17.3b market cap, or US$56.7m). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: PK₨1.25 (vs PK₨1.66 in 2Q 2022) Second quarter 2023 results: EPS: PK₨1.25 (down from PK₨1.66 in 2Q 2022). Revenue: PK₨4.71b (up 380% from 2Q 2022). Net income: PK₨412.0m (down 23% from 2Q 2022). Profit margin: 8.8% (down from 54% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Aug 04
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 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (PK₨21.1b market cap, or US$73.3m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨53.91, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 20x in the IT industry in Pakistan. Total returns to shareholders of 101% over the past three years. Price Target Changed • May 19
Price target decreased by 25% to PK₨90.43 Down from PK₨121, the current price target is provided by 1 analyst. New target price is 69% above last closing price of PK₨53.48. Stock is down 14% over the past year. The company posted earnings per share of PK₨5.28 last year. Reported Earnings • May 19
Full year 2022 earnings released: EPS: PK₨5.28 (vs PK₨4.28 in FY 2021) Full year 2022 results: EPS: PK₨5.28 (up from PK₨4.28 in FY 2021). Revenue: PK₨9.54b (up 34% from FY 2021). Net income: PK₨1.98b (up 25% from FY 2021). Profit margin: 21% (down from 22% 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 33% per year whereas the company’s share price has increased by 37% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mohammad Mir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Sep 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be PK₨94.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 23%. Buying Opportunity • Jul 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be PK₨92.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 23%. Buying Opportunity • Jun 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be PK₨91.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 29%. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨80.28, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 19x in the IT industry in Asia. Total returns to shareholders of 187% 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 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mohammad Mir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 23% and the cash payout ratio is 87%. Trailing yield: 0.8%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨104, the stock trades at a trailing P/E ratio of 28.3x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 195% over the past three years. Buying Opportunity • Jan 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be PK₨132, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% per annum over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨95.73, the stock trades at a trailing P/E ratio of 26.1x. Average forward P/E is 23x in the IT industry in Asia. Total returns to shareholders of 115% over the past three years. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS PK₨0.61 (vs PK₨1.25 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨1.22b (down 25% from 3Q 2020). Net income: PK₨155.7m (down 51% from 3Q 2020). Profit margin: 13% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨139, the stock trades at a trailing P/E ratio of 32.4x. Average forward P/E is 26x in the IT industry in Asia. Total returns to shareholders of 264% over the past three years. Reported Earnings • Sep 06
Second quarter 2021 earnings released: EPS PK₨0.95 (vs PK₨0.17 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨1.10b (up 6.8% from 2Q 2020). Net income: PK₨241.7m (up 474% from 2Q 2020). Profit margin: 22% (up from 4.1% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨111, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨90.13, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 158% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 16 June 2021. Trailing yield: 1.1%. Lower than top quartile of Pakistani dividend payers (8.8%). Lower than average of industry peers (1.3%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS PK₨4.93 (vs PK₨4.31 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: PK₨6.44b (up 32% from FY 2019). Net income: PK₨1.04b (up 15% from FY 2019). Profit margin: 16% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨94.96, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 28x in the IT industry in Asia. Total returns to shareholders of 155% over the past three years. Is New 90 Day High Low • Mar 11
New 90-day low: PK₨73.57 The company is down 5.0% from its price of PK₨77.55 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨79.53, the stock is trading at a trailing P/E ratio of 14.2x, down from the previous P/E ratio of 17.1x. This compares to an average P/E of 27x in the IT industry in Asia. Total returns to shareholders over the past three years are 136%. Is New 90 Day High Low • Jan 25
New 90-day high: PK₨102 The company is up 49% from its price of PK₨68.28 on 27 October 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. Duyuru • Dec 18
Avanceon Limited Announces Board Changes Avanceon Limited informed that Mr. Naveed Ali Baig has resigned from the Board of the Company effective December 10, 2020. In pursuant of Section 161 of The Companies Act, 2017, a casual vacancy has been filled by the Board of the Company and Mr. Mohammad Shahid Mir is being appointed as a Director in place of Mr. Naveed Ali Baig with effect from December 14, 2020 to complete the remaining term till 28 May 2023. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨90.65, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 26x in the IT industry in Asia. Total returns to shareholders over the past three years are 340%. Is New 90 Day High Low • Dec 07
New 90-day high: PK₨76.29 The company is up 11% from its price of PK₨69.02 on 08 September 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.18b, up 48% from the prior year. Total revenue was PK₨5.57b over the last 12 months, up 26% from the prior year.