Financials Allied Bank Limited

Equities

ABL

PK0083501012

Banks

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
97.54 PKR +0.06% Intraday chart for Allied Bank Limited +6.40% +17.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 109,469 97,755 94,205 73,250 95,041 111,691 -
Enterprise Value (EV) 1 109,469 97,755 94,205 73,250 95,041 111,691 111,691
P/E ratio 7.56 x 5.32 x 5.38 x 3.45 x 2.3 x 2.21 x 2.9 x
Yield 8.37% 9.37% 9.72% 13.3% - 16.4% 18.5%
Capitalization / Revenue 2,637,453 x 2,019,911 x 2,067,634 x 1,098,049 x - - -
EV / Revenue 2,637,453 x 2,019,911 x 2,067,634 x 1,098,049 x - - -
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.93 x 0.73 x 0.73 x 0.56 x - - -
Nbr of stocks (in thousands) 1,145,074 1,145,074 1,145,074 1,145,074 1,145,074 1,145,074 -
Reference price 2 95.60 85.37 82.27 63.97 83.00 97.54 97.54
Announcement Date 2/7/20 2/17/21 2/17/22 2/16/23 3/6/24 - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 41,506 48,396 45,562 66,710 - - -
EBITDA - - - - - - -
EBIT 25,249 - - 47,858 - - -
Operating Margin 60.83% - - 71.74% - - -
Earnings before Tax (EBT) 24,702 - - 46,782 - - -
Net income 14,489 18,378 17,503 21,247 - - -
Net margin 34.91% 37.97% 38.42% 31.85% - - -
EPS 1 12.65 16.05 15.29 18.56 36.07 44.13 33.63
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 1 8.000 8.000 8.000 8.500 - 16.00 18.00
Announcement Date 2/7/20 2/17/21 2/17/22 2/16/23 3/6/24 - -
1PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2024 Q1
Net sales 25,006 - 11,656 10,897 12,541 - - - - 20,513 41,697 62,210 - -
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 14,753 - - - - - - - - 13,426 - - - -
Net income 8,477 - 4,325 4,302 4,850 - - 5,817 - 7,589 - - - -
Net margin 33.9% - 37.11% 39.48% 38.67% - - - - 37% - - - -
EPS 1 7.400 7.750 3.780 3.760 4.240 1.730 5.960 5.080 7.520 6.630 8.600 15.23 9.950 7.930
Dividend per Share 1 - 4.000 2.000 2.000 2.000 2.000 4.000 2.000 2.500 2.500 2.500 5.000 3.000 4.000
Announcement Date 8/20/20 8/17/21 10/27/21 2/17/22 4/25/22 8/20/22 8/20/22 10/21/22 2/16/23 4/30/23 8/21/23 8/21/23 10/30/23 -
1PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 133,270 206,899 137,142 337,702 480,508 289,115
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 12% 12.8% 14.6% 13.3% 16.4% 25.2%
ROA (Net income/ Total Assets) 1% 1.02% 1.19% 0.97% 1% 1.8%
Assets 1 1,301,880 1,417,965 1,538,261 1,803,155 2,133,496 2,293,501
Book Value Per Share 2 95.00 102.0 117.0 113.0 114.0 172.0
Cash Flow per Share 2 38.70 41.30 51.00 44.80 30.20 59.00
Capex 1 7,099 7,460 8,301 8,851 8,516 19,962
Capex / Sales 15.75% 14.15% 13.61% 14.02% 9.64% 14.73%
Announcement Date 3/7/19 3/4/20 3/3/21 3/3/22 3/7/23 3/6/24
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
6
Last Close Price
97.54 PKR
Average target price
91.53 PKR
Spread / Average Target
-6.16%
Consensus
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