Financials First National Bank Modaraba

Equities

FNBM

PK0080301010

Corporate Financial Services

End-of-day quote Pakistan S.E. 06:00:00 2021-10-28 pm EDT 5-day change 1st Jan Change
0.64 PKR -.--% Intraday chart for First National Bank Modaraba -.--% -.--%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 42.5 25 20.5 16 16 16
Enterprise Value (EV) 1 154.8 134.9 132.7 99.37 56.78 22.22
P/E ratio -5.19 x -0.7 x -0.6 x 14.4 x 6.13 x 3.9 x
Yield - - - - - -
Capitalization / Revenue 0.63 x 1.42 x 1.39 x 1.41 x 1.14 x 0.55 x
EV / Revenue 2.31 x 7.69 x 9.03 x 8.74 x 4.05 x 0.76 x
EV / EBITDA 8.03 x -9.64 x -16.7 x 8.38 x 2.15 x 0.54 x
EV / FCF -16.2 x -6.97 x -5.37 x 5.41 x 1.41 x 0.55 x
FCF Yield -6.18% -14.4% -18.6% 18.5% 71.1% 183%
Price to Book 5.22 x -1.13 x -0.32 x -0.26 x -0.28 x -0.29 x
Nbr of stocks (in thousands) 25,000 25,000 25,000 25,000 25,000 25,000
Reference price 2 1.700 1.000 0.8200 0.6400 0.6400 0.6400
Announcement Date 10/9/18 10/7/19 10/6/20 10/5/21 9/21/22 10/6/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 67.04 17.55 14.7 11.37 14.01 29.13
EBITDA 1 19.28 -13.99 -7.933 11.85 26.47 41.15
EBIT 1 19.26 -14 -7.961 11.82 26.44 41.13
Operating Margin 28.73% -79.77% -54.15% 103.96% 188.69% 141.19%
Earnings before Tax (EBT) 1 -8.189 -35.72 -34.07 1.338 3.144 4.94
Net income 1 -8.189 -35.72 -34.07 1.11 2.609 4.101
Net margin -12.21% -203.5% -231.73% 9.77% 18.62% 14.08%
EPS 2 -0.3275 -1.429 -1.363 0.0444 0.1044 0.1640
Free Cash Flow 1 -9.572 -19.36 -24.72 18.36 40.38 40.55
FCF margin -14.28% -110.32% -168.11% 161.47% 288.19% 139.22%
FCF Conversion (EBITDA) - - - 154.91% 152.58% 98.54%
FCF Conversion (Net income) - - - 1,653.47% 1,547.53% 988.94%
Dividend per Share - - - - - -
Announcement Date 10/9/18 10/7/19 10/6/20 10/5/21 9/21/22 10/6/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 112 110 112 83.4 40.8 6.22
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.825 x -7.853 x -14.15 x 7.035 x 1.541 x 0.1511 x
Free Cash Flow 1 -9.57 -19.4 -24.7 18.4 40.4 40.6
ROE (net income / shareholders' equity) -66.9% 511% 73.8% -1.77% -4.34% -7.21%
ROA (Net income/ Total Assets) 2.79% -2.66% -1.86% 3.09% 6.55% 8.99%
Assets 1 -294 1,345 1,832 35.93 39.82 45.6
Book Value Per Share 2 0.3300 -0.8800 -2.530 -2.480 -2.320 -2.220
Cash Flow per Share 2 2.070 0.4500 0.9100 0.5200 0.0600 0.4100
Capex 1 0.06 - 0.05 - 0.09 0.2
Capex / Sales 0.09% - 0.33% - 0.62% 0.69%
Announcement Date 10/9/18 10/7/19 10/6/20 10/5/21 9/21/22 10/6/23
1PKR in Million2PKR
Estimates
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