Financials Atlas Honda Limited

Equities

ATLH

PK0009201010

Auto & Truck Manufacturers

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
436 PKR +5.19% Intraday chart for Atlas Honda Limited +5.59% +24.29%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 54,289 39,088 45,913 57,079 48,891 33,267
Enterprise Value (EV) 1 35,907 26,346 34,595 33,349 23,006 -11,348
P/E ratio 11.6 x 12.2 x 14.9 x 15.9 x 8.75 x 6.65 x
Yield 5.14% 5.29% 4.05% 3.8% 6.85% 8.95%
Capitalization / Revenue 0.7 x 0.47 x 0.54 x 0.61 x 0.37 x 0.25 x
EV / Revenue 0.46 x 0.32 x 0.41 x 0.36 x 0.17 x -0.08 x
EV / EBITDA 5.68 x 5.54 x 7.83 x 6.5 x 3.24 x -1.72 x
EV / FCF 8.11 x -9.34 x -74.9 x 2.62 x 7.14 x -0.57 x
FCF Yield 12.3% -10.7% -1.33% 38.1% 14% -177%
Price to Book 3.39 x 2.54 x 2.77 x 3.06 x 2.33 x 1.46 x
Nbr of stocks (in thousands) 124,088 124,088 124,088 124,088 124,088 124,088
Reference price 2 437.5 315.0 370.0 460.0 394.0 268.1
Announcement Date 6/7/18 5/30/19 6/12/20 6/4/21 6/3/22 5/31/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 77,479 82,413 84,776 93,157 131,930 135,486
EBITDA 1 6,320 4,758 4,417 5,129 7,102 6,597
EBIT 1 5,411 3,677 3,166 3,918 5,917 5,271
Operating Margin 6.98% 4.46% 3.73% 4.21% 4.49% 3.89%
Earnings before Tax (EBT) 1 6,265 4,615 4,412 5,152 7,820 8,103
Net income 1 4,664 3,209 3,078 3,595 5,585 5,004
Net margin 6.02% 3.89% 3.63% 3.86% 4.23% 3.69%
EPS 2 37.58 25.86 24.81 28.97 45.01 40.33
Free Cash Flow 1 4,429 -2,821 -461.6 12,715 3,223 20,044
FCF margin 5.72% -3.42% -0.54% 13.65% 2.44% 14.79%
FCF Conversion (EBITDA) 70.08% - - 247.9% 45.38% 303.84%
FCF Conversion (Net income) 94.97% - - 353.69% 57.71% 400.55%
Dividend per Share 2 22.50 16.67 15.00 17.50 27.00 24.00
Announcement Date 6/7/18 5/30/19 6/12/20 6/4/21 6/3/22 5/31/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q3 2023 Q4
Net sales 1 - 33,007
EBITDA - -
EBIT 1 - 2,169
Operating Margin - 6.57%
Earnings before Tax (EBT) 1 - 2,137
Net income 1 1,409 1,316
Net margin - 3.99%
EPS 2 11.35 10.61
Dividend per Share 2 - 13.00
Announcement Date 1/25/23 4/28/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 18,382 12,742 11,318 23,730 25,885 44,615
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 4,429 -2,821 -462 12,715 3,223 20,044
ROE (net income / shareholders' equity) 31.9% 20.5% 19.3% 20.4% 28.2% 22.8%
ROA (Net income/ Total Assets) 11.8% 7.21% 6.28% 6.61% 8.18% 5.61%
Assets 1 39,625 44,522 49,014 54,377 68,303 89,210
Book Value Per Share 2 129.0 124.0 134.0 150.0 169.0 184.0
Cash Flow per Share 2 80.40 60.30 50.80 115.0 140.0 280.0
Capex 1 2,369 2,107 2,182 1,080 1,811 3,327
Capex / Sales 3.06% 2.56% 2.57% 1.16% 1.37% 2.46%
Announcement Date 6/7/18 5/30/19 6/12/20 6/4/21 6/3/22 5/31/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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