Financials Fatima Fertilizer Company Limited

Equities

FATIMA

PK0091601010

Agricultural Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
48.01 PKR -0.68% Intraday chart for Fatima Fertilizer Company Limited -2.00% +35.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 55,839 61,110 75,579 70,560 74,529 100,821 - -
Enterprise Value (EV) 1 55,839 61,110 81,336 70,560 74,529 100,821 100,821 100,821
P/E ratio 4.62 x 4.6 x 4.09 x 4.99 x 3.24 x 2.83 x 3.07 x 2.67 x
Yield 7.52% 8.59% 9.72% - 12.7% 16.9% 16.8% 22.9%
Capitalization / Revenue 0.74 x 0.86 x 0.67 x 0.46 x - 0.38 x 0.39 x -
EV / Revenue 0.74 x 0.86 x 0.67 x 0.46 x - 0.38 x 0.39 x -
EV / EBITDA - - 1,919,077 x - - - - -
EV / FCF - - 3,674,622 x - - - - -
FCF Yield - - 0% - - - - -
Price to Book 0.72 x 0.7 x 0.75 x - 0.62 x 0.72 x 0.64 x 0.53 x
Nbr of stocks (in thousands) 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 - -
Reference price 2 26.59 29.10 35.99 33.60 35.49 48.01 48.01 48.01
Announcement Date 6/1/20 3/26/21 4/7/22 4/7/23 3/21/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 74,964 71,267 112,488 152,231 - 263,021 260,615 -
EBITDA - - 39,383 - - - - -
EBIT 1 - 22,345 34,136 38,060 - 70,009 64,133 -
Operating Margin - 31.35% 30.35% 25% - 26.62% 24.61% -
Earnings before Tax (EBT) 1 - 18,743 28,185 30,765 - 62,925 61,331 -
Net income 1 - - 18,474 14,124 - 36,833 37,412 -
Net margin - - 16.42% 9.28% - 14% 14.36% -
EPS 2 5.750 6.320 8.800 6.730 10.96 16.95 15.65 18.00
Free Cash Flow - - 20,568 - - - - -
FCF margin - - 18.28% - - - - -
FCF Conversion (EBITDA) - - 52.23% - - - - -
FCF Conversion (Net income) - - 111.33% - - - - -
Dividend per Share 2 2.000 2.500 3.500 - 4.500 8.100 8.067 11.00
Announcement Date 6/1/20 3/26/21 4/7/22 4/7/23 3/21/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q2 2022 S1 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 24,833 47,308 - 33,170 62,284 53,311 33,519 47,182 76,162 - 65,247
EBITDA - - - - - - - - - - -
EBIT - 15,295 - - - 6,444 9,780 11,027 16,942 - -
Operating Margin - 32.33% - - - 12.09% 29.18% 23.37% 22.24% - -
Earnings before Tax (EBT) - - - - - 4,765 - - - - -
Net income 1 - - - 167 - 4,218 4,332 - - - 8,156
Net margin - - - 0.5% - 7.91% 12.92% - - - 12.5%
EPS 2 - - - 0.0800 - 2.010 2.060 - - - 3.880
Dividend per Share - - 3.500 - - - - - - 2.750 -
Announcement Date 8/26/20 8/27/21 4/7/22 8/29/22 8/29/22 4/7/23 4/27/23 8/29/23 10/26/23 3/21/24 4/30/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - 5,757 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - 0.1462 x - - - - -
Free Cash Flow - - 20,568 - - - - -
ROE (net income / shareholders' equity) 16.4% - 19.7% - - 27% 21.5% -
ROA (Net income/ Total Assets) 8.52% - - - - 10.9% 10% -
Assets 1 - - - - - 337,917 374,120 -
Book Value Per Share 2 37.20 41.50 47.70 - 56.90 66.80 75.20 90.60
Cash Flow per Share - - - - - - - -
Capex - - 5,731 - - - - -
Capex / Sales - - 5.09% - - - - -
Announcement Date 6/1/20 3/26/21 4/7/22 4/7/23 3/21/24 - - -
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
48.01 PKR
Average target price
53.67 PKR
Spread / Average Target
+11.78%
Consensus
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