Re: REXP.N0000 (Richard Pieris Exports PLC)

[yellow knifeTop contributor]

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[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris Exports
REXP.N0000
Share Price   7 Day       1 Year
           392 -2.0% 67.1%

First-quarter 2022 earnings released: EPS LK₨12.62 (vs LK₨6.05 in 1Q 2021).

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

First quarter 2022 results:
Revenue: LK₨1.40b (up 60% from 1Q 2021).
Net income: LK₨140.9m (up 109% from 1Q 2021).
Profit margin: 10% (up from 7.7% 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 8% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris Exports

REXP.N0000

Share Price 7 Day 1 Year 500.75 20.6% 100.6% Investor sentiment improved over the past week After last week's 21% share price gain to LK₨501, the stock trades at a trailing P/E ratio of 7.9x. ·  Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. ·  Total returns to shareholders of 293% over the past three years.

[chutiputhaTop contributor]

As far as Rate hike of Shipping , the business set to new territory where all Export companies benefited,  Expo all highlighted well. but REXP still there.

[කිත්සිරි ද සිල්වාTop contributor]

EXPO hype will not last much beyond the end of Toyota (unless dark force still wants to manipulate data to put fear into peoples minds but I see a change in the trend in some parts of the world).

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris Exports

REXP.N0000

Share Price 7 Day 1 Year 476.5 -1.1% 64.1% Second-quarter 2022 earnings released The company reported a soft second-quarter result with weaker earnings and profit margins, although revenues improved. Second-quarter 2022 results: ·   Revenue: LK₨1.75b (up 5.9% from 2Q 2021). ·   Net income: LK₨172.3m (down 18% from 2Q 2021). ·   Profit margin: 9.8% (down from 13% in 2Q 2021). ·   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 but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.

[yellow knifeTop contributor]

2020/21

First of all I apologize from you for not being able to correct the time line of the Chars. Yet the message will be clear as this was the earlier format I used now I find it difficult to change. 

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It seems the company has reached maturity in its Revenue. Matured companies become very good Dividend Payers. However since its a manufacturing company it may take efforts to further increase the Revenue. Dividend Payout Ration remains at 44%.


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[yellow knifeTop contributor]

Net Assets of the company shows the quality of management. 

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[yellow knifeTop contributor]

ROE of the company.

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[yellow knifeTop contributor]

Market Price and the Net Assets of the company. 

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[කිත්සිරි ද සිල්වාTop contributor]

I Hope, soon a very healthy dividend will be announced. 

[කිත්සිරි ද සිල්වාTop contributor]

Richard Pieris Exports
REXP.N0000

Share Price 7 Day 1 Year  
725        -6.8%          95.9%  

 
Third-quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Third-quarter 2022 results:

EPS: LK₨13.27 (down from LK₨15.33 in 3Q 2021).

Revenue: LK₨1.78b (up 20% from 3Q 2021).

Net income: LK₨148.2m (down 13% from 3Q 2021).

Profit margin: 8.3% (down from 12% in 3Q 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 increased by 3% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

REXP.N0000

Share Price 7 Day 1 Year  
590.75        -10.4% 24.6%

 
Second quarter 2023 earnings released: EPS: LK₨27.21 (vs LK₨15.43 in 2Q 2022).

Second quarter 2023 results:

EPS: LK₨27.21 (up from LK₨15.43 in 2Q 2022).

Revenue: LK₨2.66b (up 52% from 2Q 2022).

Net income: LK₨303.8m (up 76% from 2Q 2022).

Profit margin: 11% (up from 9.8% in 2Q 2022). The increase in margin was driven by higher revenue.

Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging behind earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Trading at 39.4% below our estimate of its fair value.

Earnings grew by 212.8% over the past year.

Richard Pieris Exports (REXP.N0000) Risk Checks.

Fail
Do they have high-quality earnings?
High level of non-cash earnings.

Fail
Is their dividend sustainable?
Unstable dividend track record.

Fail
Do they have a meaningful market capitalization?
Does not have a meaningful market cap (LKR6B).

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

Pass
Are revenue and earnings forecast to grow?
Earnings have grown by 32.1% 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
Is their share price liquid and stable?
The share price has been stable over the past 3 months Share Price.

Pass
Have profit margins improved over the past year?
Profit margins improved and REXP.N0000 became profitable.

Pass
Do they have sufficient financial data available?
At least 3 years of financial data is 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 (LKR9B).

Pass
Do they have negative shareholders' equity?
REXP.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.