Financials Fauji Fertilizer Company Limited

Equities

FFC

PK0053401011

Agricultural Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
147.2 PKR +3.31% Intraday chart for Fauji Fertilizer Company Limited +4.26% +30.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 129,094 138,038 127,555 125,583 187,299 - -
Enterprise Value (EV) 1 129,094 138,038 127,555 125,583 187,299 187,299 187,299
P/E ratio 7.54 x 6.63 x 5.83 x - 4.63 x - -
Yield 10.6% 10.3% 14.5% 12.3% 15.9% 16.3% 17.9%
Capitalization / Revenue 1.22 x 1.41 x 1.17 x 1.15 x 0.93 x 0.74 x 0.72 x
EV / Revenue 1.22 x 1.41 x 1.17 x 1.15 x 0.93 x 0.74 x 0.72 x
EV / EBITDA 5,220,398 x - - - - - -
EV / FCF - 3.77 x 6.92 x -28 x 3.47 x 5.77 x 4.15 x
FCF Yield - 26.5% 14.4% -3.58% 28.8% 17.3% 24.1%
Price to Book 2.17 x 3.25 x 2.68 x - - - -
Nbr of stocks (in thousands) 1,272,238 1,272,238 1,272,238 1,272,238 1,272,238 - -
Reference price 2 101.5 108.5 100.3 98.71 147.2 147.2 147.2
Announcement Date 1/30/20 1/28/21 3/3/22 1/30/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net sales 1 105,783 97,655 108,651 109,364 201,581 251,464 260,703
EBITDA 24,729 - - - - - -
EBIT 1 22,449 23,735 30,470 29,939 62,271 58,235 60,874
Operating Margin 21.22% 24.31% 28.04% 27.38% 30.89% 23.16% 23.35%
Earnings before Tax (EBT) 23,753 29,591 30,339 - - - -
Net income 1 17,110 20,819 21,896 - 38,129 - -
Net margin 16.18% 21.32% 20.15% - 18.91% - -
EPS 2 13.45 16.36 17.21 - 31.78 - -
Free Cash Flow 1 - 36,602 18,430 -4,492 53,923 32,482 45,169
FCF margin - 37.48% 16.96% -4.11% 26.75% 12.92% 17.33%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - 175.8% 84.17% - 141.42% - -
Dividend per Share 2 10.80 11.15 14.50 12.13 23.38 24.00 26.30
Announcement Date 1/30/20 1/28/21 3/3/22 1/30/23 - - -
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 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2024 Q1
Net sales 1 43,782 44,018 29,574 35,059 26,315 28,390 54,706 24,474 30,184 - 36,406 35,552 71,958 44,135 54,430
EBITDA - - - - - - - - - - - - - - -
EBIT 10,959 - - 9,144 7,172 9,422 - - - - 11,519 13,970 - 10,665 -
Operating Margin 25.03% - - 26.08% 27.25% 33.19% - - - - 31.64% 39.3% - 24.16% -
Earnings before Tax (EBT) 12,640 13,165 8,706 8,468 - 10,517 - 7,449 - - 11,943 - - - -
Net income 1 9,136 9,436 6,452 6,008 - 3,360 - 5,244 - - 7,730 5,349 - 9,135 11,600
Net margin 20.87% 21.44% 21.82% 17.14% - 11.83% - 21.43% - - 21.23% 15.05% - 20.7% 21.31%
EPS 2 7.180 7.420 5.070 4.720 4.900 2.640 7.550 4.120 - - 6.080 - - 7.180 9.203
Dividend per Share 2 5.200 6.100 3.750 4.650 3.700 2.100 5.800 3.180 3.150 6.330 4.260 - - 3.980 5.800
Announcement Date 7/27/20 7/30/21 10/27/21 3/3/22 5/7/22 8/23/22 8/23/22 10/26/22 1/30/23 1/30/23 4/27/23 7/25/23 7/25/23 10/30/23 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 36,602 18,430 -4,492 53,923 32,482 45,169
ROE (net income / shareholders' equity) 29.6% 53.3% 48.6% 39% 51.6% 47.3% 46.9%
ROA (Net income/ Total Assets) 7.39% 12.8% 11.7% - - - -
Assets 1 231,536 163,170 186,977 - - - -
Book Value Per Share 46.80 33.40 37.30 - - - -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/30/20 1/28/21 3/3/22 1/30/23 - - -
1PKR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
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