Financials Berger Paints Pakistan Limited

Equities

BERG

PK0020401011

Commodity Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
75.26 PKR -4.88% Intraday chart for Berger Paints Pakistan Limited -0.70% +4.50%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 2,478 1,504 1,271 1,786 1,497 1,203
Enterprise Value (EV) 1 3,732 2,801 2,630 2,847 2,914 2,236
P/E ratio 23.6 x 15 x 17.3 x 8.85 x 7.71 x 5.17 x
Yield 0.92% 1.36% 1.61% 4.58% 5.47% -
Capitalization / Revenue 0.43 x 0.28 x 0.3 x 0.32 x 0.21 x 0.16 x
EV / Revenue 0.65 x 0.53 x 0.61 x 0.5 x 0.41 x 0.3 x
EV / EBITDA 11.9 x 8.09 x 8.34 x 5.3 x 6.54 x 3.11 x
EV / FCF -20.6 x -37.3 x -23.2 x 7.09 x -6.62 x 5.81 x
FCF Yield -4.85% -2.68% -4.31% 14.1% -15.1% 17.2%
Price to Book 1.62 x 0.94 x 0.61 x 0.79 x 0.63 x 0.37 x
Nbr of stocks (in thousands) 24,552 24,552 24,552 24,552 24,552 24,552
Reference price 2 100.9 61.25 51.76 72.73 60.98 48.99
Announcement Date 10/3/18 10/4/19 10/10/20 10/7/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 5,701 5,305 4,306 5,660 7,125 7,347
EBITDA 1 314 346.5 315.4 536.8 445.5 718.3
EBIT 1 231.8 266.5 239.1 407.6 317.6 583.8
Operating Margin 4.07% 5.02% 5.55% 7.2% 4.46% 7.95%
Earnings before Tax (EBT) 1 156 106.6 111.6 298.3 251.6 335.7
Net income 1 105 100.1 73.37 201.8 194.1 232.7
Net margin 1.84% 1.89% 1.7% 3.57% 2.72% 3.17%
EPS 2 4.278 4.075 2.992 8.220 7.907 9.476
Free Cash Flow 1 -180.8 -75.17 -113.4 401.9 -440.2 385
FCF margin -3.17% -1.42% -2.63% 7.1% -6.18% 5.24%
FCF Conversion (EBITDA) - - - 74.87% - 53.6%
FCF Conversion (Net income) - - - 199.12% - 165.47%
Dividend per Share 2 0.9259 0.8333 0.8333 3.333 3.333 -
Announcement Date 10/3/18 10/4/19 10/10/20 10/7/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 1,253 1,298 1,359 1,062 1,417 1,033
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.992 x 3.745 x 4.309 x 1.978 x 3.18 x 1.438 x
Free Cash Flow 1 -181 -75.2 -113 402 -440 385
ROE (net income / shareholders' equity) 7.13% 6.11% 3.66% 9.06% 8.44% 8.33%
ROA (Net income/ Total Assets) 3.37% 3.8% 3.3% 5.25% 3.59% 5.76%
Assets 1 3,116 2,632 2,221 3,843 5,410 4,041
Book Value Per Share 2 62.50 64.90 84.20 91.80 96.50 131.0
Cash Flow per Share 2 1.080 3.230 1.690 1.880 9.140 1.950
Capex 1 167 92.9 93.5 133 128 25.7
Capex / Sales 2.92% 1.75% 2.17% 2.36% 1.8% 0.35%
Announcement Date 10/3/18 10/4/19 10/10/20 10/7/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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