Financials Fauji Fertilizer Bin Qasim Limited

Equities

FFBL

PK0074601011

Agricultural Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
35.62 PKR +5.45% Intraday chart for Fauji Fertilizer Bin Qasim Limited +15.28% +11.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,234 23,652 31,997 19,795 41,191 45,994 - -
Enterprise Value (EV) 1 18,234 23,652 31,997 19,795 41,191 45,994 45,994 45,994
P/E ratio -3.08 x 11.9 x 5 x 8.52 x 9.35 x 3.87 x 4.45 x 3.33 x
Yield - - - - 3.13% 10.5% 14.5% 20.8%
Capitalization / Revenue 0.27 x 0.28 x 0.29 x 0.12 x 0.21 x 0.2 x 0.24 x 0.22 x
EV / Revenue 0.27 x 0.28 x 0.29 x 0.12 x 0.21 x 0.2 x 0.24 x 0.22 x
EV / EBITDA - - - - - - - -
EV / FCF - - 1.47 x - 0.92 x -0.89 x 1.75 x 3.11 x
FCF Yield - - 67.8% - 109% -112% 57.1% 32.1%
Price to Book - 1.69 x 1.12 x - 1.52 x 1.18 x 0.95 x 0.86 x
Nbr of stocks (in thousands) 934,110 934,110 1,291,253 1,291,253 1,291,253 1,291,253 - -
Reference price 2 19.52 25.32 24.78 15.33 31.90 35.62 35.62 35.62
Announcement Date 1/29/20 1/26/21 1/26/22 1/30/23 2/20/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,839 83,234 110,452 159,226 193,064 235,250 192,183 208,509
EBITDA - - - - - - - -
EBIT 1 - 5,806 14,911 17,396 21,901 27,684 18,309 21,583
Operating Margin - 6.98% 13.5% 10.93% 11.34% 11.77% 9.53% 10.35%
Earnings before Tax (EBT) 1 -3,869 4,893 11,525 8,505 14,145 20,635 16,899 22,567
Net income 1 -5,921 2,192 6,391 2,328 4,403 11,896 10,309 13,766
Net margin -8.86% 2.63% 5.79% 1.46% 2.28% 5.06% 5.36% 6.6%
EPS 2 -6.340 2.120 4.960 1.800 3.410 9.200 8.000 10.70
Free Cash Flow 1 - - 21,707 - 44,843 -51,640 26,285 14,772
FCF margin - - 19.65% - 23.23% -21.95% 13.68% 7.08%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - 339.65% - 1,018.47% - 254.97% 107.31%
Dividend per Share 2 - - - - 1.000 3.750 5.150 7.400
Announcement Date 1/29/20 1/26/21 1/26/22 1/30/23 2/20/24 - - -
1PKR in Million2PKR
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 2023 Q4 2024 Q1
Net sales 1 24,782 29,917 38,449 42,085 24,784 46,149 70,933 22,568 65,725 31,523 35,235 66,758 70,070 56,237 44,345
EBITDA - - - - - - - - - - - - - - -
EBIT - - 6,622 5,178 - - - - - 1,284 - - 7,511 - -
Operating Margin - - 17.22% 12.3% - - - - - 4.07% - - 10.72% - -
Earnings before Tax (EBT) -3,800 4,670 3,648 3,206 - - - -2,170 1,863 - 2,010 -3,079 7,175 - -
Net income 1 -4,208 3,876 2,275 241 - 1,783 3,410 -1,696 614.3 -5,429 479 -4,950 5,305 4,048 4,348
Net margin -16.98% 12.96% 5.92% 0.57% - 3.86% 4.81% -7.52% 0.93% -17.22% 1.36% -7.42% 7.57% 7.2% 9.8%
EPS 2 -4.500 3.010 1.770 0.1800 - 1.380 2.640 -1.310 0.4700 -4.200 0.3700 -3.830 4.100 3.130 3.200
Dividend per Share 2 - - - - - - - - - - - - - - 0.7500
Announcement Date 7/24/20 7/29/21 10/25/21 1/26/22 4/22/22 7/26/22 7/26/22 10/25/22 1/30/23 4/28/23 7/21/23 7/21/23 10/24/23 2/20/24 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 21,707 - 44,843 -51,640 26,285 14,772
ROE (net income / shareholders' equity) - - 33.3% - 17.7% 35.1% 25.8% 30.3%
ROA (Net income/ Total Assets) - - 7.8% - 2.98% - - -
Assets 1 - - 81,936 - 147,869 - - -
Book Value Per Share 2 - 14.90 22.10 - 21.00 30.10 37.30 41.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/29/20 1/26/21 1/26/22 1/30/23 2/20/24 - - -
1PKR in Million2PKR
Estimates
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