Re: RICH.N0000 (Richard Pieris and Company PLC)

[කිත්සිරි ද සිල්වාTop contributor]

Cheque (finally) arrived.

Not yet.
There were so much disruption in the mail services last few weeks.

Anybody received RICH dividend cheque or online payment?

Thanks Kith. Seems its not due to postal delay. I have given my bank account for direct deposit. So far they didn't do that. So may be delay in issuing the payments.

[AjithR]

Mine is not yet received.

[Future123Active Member]

It is easy and less time consuming If you instruct CDS and company secretary through your broker to directly deposit the dividends to your bank account. The secretaries deposit and send you the advice along with dividend particulars. I did this and it's so easy and no hassle of waiting for the cheque and going to the bank and depositing.

Mine is  not yet received.

[AjithR]

Thanks Future123, all my dividends are deposit in my bank account, but not yet deposited RICH dividends.

[RanaTop contributor]

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[Ethical TraderTop contributor]

Thanks Rana.

[RanaTop contributor]

Company ID: - RICH
Date of Announcement: - 08.Jan.2018
Rate of Dividend: - Rs. 0.60 per share / Interim Dividend
Financial Year: - 2017/2018
Shareholder Approval: - Not Required
XD: - 18.Jan.2018
Payment: - 26.Jan.2018

[Ethical TraderTop contributor]

Thanks.

[කිත්සිරි ද සිල්වාTop contributor]

50 cents a piece payout announced yesterday was somewhat disappointing but since it is an interim one, let's hope for a bigger amount in the next payout.

[soileconomy]

With the renewed interest on plantations this may have an upward momentum as it the parent of largest plantation companies.

[First Guy]

RICH was one of the stocks I entered over the last few months. Last quarter reported 0.83/- and 1.63/- for 9 months. Large improvement is from its plantation companies. In FY19 RICH made 0.99/- and paid 0.85/-. In FY20 made 0.65/- and did not pay anything, understandably. FY21 dividend so far is 1/-

Disc - Holding

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris
RICH.N0000
Share Price   7 Day      1 Year
               16.5 -1.8% 60.2%

First-quarter 2022 earnings released: EPS LK₨0.53 (vs LK₨0.35 in 1Q 2021)

The company reported a strong first-quarter result with improved earnings, revenues and profit margins.

First quarter 2022 results:
Revenue: LK₨13.9b (up 27% from 1Q 2021).
Net income: LK₨1.07b (up 49% from 1Q 2021).
Profit margin: 7.7% (up from 6.6% in 1Q 2021). 

The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris RICH.N0000   Share Price 7 Day 1 Year 17 -1.7% 6.9% Second-quarter 2022 earnings released: EPS LK₨0.73 (vs LK₨0.49 in 2Q 2021) The company reported a strong second-quarter result with improved earnings, revenues and profit margins. Second-quarter 2022 results: ·   Revenue: LK₨15.5b (up 6.9% from 2Q 2021). ·   Net income: LK₨1.48b (up 47% from 2Q 2021). ·   Profit margin: 9.6% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris
RICH.N0000
Share Price 7 Day 1 Year

20.8         22.4% 42.5%

Investor sentiment improved over the past week

After last week's 22% share price gain to LK₨20.80, the stock trades at a trailing P/E ratio of 8x.

The average trailing P/E is 10x in the Industrials industry in Sri Lanka.
Total returns to shareholders of 134% over the past three years.

[yellow knifeTop contributor]

2020/21

Richard Pieris and Company PLC has maintained a predictable pattern in Revenue Growth. 

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[yellow knifeTop contributor]

EPS fluctuate as the sectors profit change from time to time. 

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[yellow knifeTop contributor]

It seems that there were three good years for a careful long-term investor to avoid buying RICH. 

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[yellow knifeTop contributor]

Debt to Equity ratio shows careful management of the business. 

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[yellow knifeTop contributor]

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[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris
RICH.N0000

Share Price 7 Day 1 Year  
21.4   1.4%          33.8%  

 
Third-quarter 2022 earnings: EPS in line with expectations, revenues disappoint.

Third-quarter 2022 results:

EPS: LK₨1.19 (up from LK₨0.83 in 3Q 2021).

Revenue: LK₨19.0b (up 24% from 3Q 2021).

Net income: LK₨2.42b (up 43% from 3Q 2021).

Profit margin: 13% (up from 11% in 3Q 2021). 

The increase in margin was driven by higher revenue.

Revenue missed analyst estimates by 2.2%.

Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris
RICH.N0000

Share Price 7 Day 1 Year  
17.7        -15.3% 8.6%  

 
Investor sentiment deteriorated over the past week

After last week's 15% share price decline to LK₨17.70, the stock trades at a trailing P/E ratio of 6x.

The average trailing P/E is 9x in the Industrials industry in Sri Lanka.

Total returns to shareholders of 105% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

RICH.N0000
Share Price 7 Day 1 Year  
13.50   0.0%        -24.6%  

 
Now 20% undervalued after the recent price drop
Over the last 90 days, the stock is down 13%.
The fair value is estimated to be LK₨16.89, however, this is not to be taken as a buy recommendation but rather should be used as a guide only.
Revenue has grown by 6.1% over the last 3 years. Earnings per share have grown by 53%.

[කිත්සිරි ද සිල්වාTop contributor]

RICH.N0000

Share Price 7 Day 1 Year  
20.00      -22.2% 19.0%  

 
Second quarter 2023 earnings released: EPS: LK₨0.73 (vs LK₨0.73 in 2Q 2022)

Second quarter 2023 results:

EPS: LK₨0.73 (in line with 2Q 2022).

Revenue: LK₨19.6b (up 27% from 2Q 2022).

Net income: LK₨1.48b (flat on 2Q 2022).

Profit margin: 7.5% (down from 9.6% 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 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

The price-to-earnings ratio (6x) is below the LK market (6.2x).

Earnings have grown 33.6% per year over the past 5 years.

Richard Pieris (RICH.N0000) Risk Checks.

Fail
Is their dividend sustainable?
A dividend of 5.36% is not well covered.

Pass
Are they forecast to achieve profitability?
The company is currently profitable.

Pass
Are revenue and earnings forecast to grow?
Earnings have grown by 33.6% per year over the past 5 years.

Pass
Are they in a good financial position?
The debt level is low and not considered a risk.

Pass
Are they in a good financial position?
The debt level is low and not considered a risk.

Pass
Do they have high-quality earnings?
The company’s earnings are high quality.

Pass
Have profit margins improved over the past year?
Profit margins decreased but not substantially.

Pass
Do they have sufficient financial data available?
At least 3 years of financial data are available.

Pass
Are there any concerning recent events?
No concerning events were detected.

Pass
Have shareholders been diluted over the past year?
Shareholders have not been meaningfully diluted in the past year or recently listed.

Pass
Do they have meaningful levels of revenue?
Revenue is meaningful (LKR80B).

Pass
Do they have a meaningful market capitalization?
Market cap is meaningful (LKR46B).

Pass
Do they have negative shareholders' equity?
RICH.N0000 does not have negative shareholders' equity.

No data
Has there been substantial insider selling in the past 3 months?
No 3-month insider trading information.