PACE (PAKISTAN) LIMITED |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 2.75 PKR | +3.38% |
|
+7.42% | -0.72% |
| Feb. 29 | Pace Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023 | CI |
| Feb. 22 | Pace Limited Announces the Appointment of Umair Fakhar Alam as Director | CI |
Valuation
| Fiscal Period: Juni | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 945.4 | 412.7 | 588.4 | 2,013 | 842.2 | 546.6 |
| Enterprise Value (EV) 1 | 4,000 | 4,084 | 4,642 | 5,940 | 5,497 | 6,610 |
| P/E ratio | -1.81 x | -0.44 x | -1.37 x | -20.5 x | -1.16 x | -0.32 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.48 x | 0.94 x | 2.41 x | 9.41 x | 0.67 x | 2.26 x |
| EV / Revenue | 6.25 x | 9.27 x | 19 x | 27.8 x | 4.38 x | 27.3 x |
| EV / EBITDA | -21.6 x | -102 x | -25.9 x | -104 x | 39.5 x | -44.8 x |
| EV / FCF | - | 21,565,362 x | -135,969,177 x | -43,845,574 x | 10,180,203 x | 46,920,454 x |
| FCF Yield | - | 0% | -0% | -0% | 0% | 0% |
| Price to Book | 0.41 x | 0.3 x | 0.6 x | 2.33 x | 1.82 x | -0.43 x |
| Nbr of stocks (in thousands) | 278,877 | 278,877 | 278,877 | 278,877 | 278,877 | 278,877 |
| Reference price 2 | 3.390 | 1.480 | 2.110 | 7.220 | 3.020 | 1.960 |
| Announcement Date | 10/10/19 | 10/10/19 | 10/9/20 | 10/7/22 | 10/7/22 | 10/6/23 |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 640 | 440.3 | 244.1 | 214 | 1,256 | 241.8 |
| EBITDA 1 | -184.8 | -40.08 | -179.5 | -57.21 | 139.3 | -147.6 |
| EBIT 1 | -208.9 | -66.61 | -207.1 | -84.84 | 115.9 | -168.6 |
| Operating Margin | -32.64% | -15.13% | -84.84% | -39.64% | 9.23% | -69.73% |
| Earnings before Tax (EBT) 1 | -512.8 | -950.8 | -431 | -104.2 | -674.3 | -1,729 |
| Net income 1 | -521.7 | -942.9 | -428.6 | -98.4 | -725.5 | -1,732 |
| Net margin | -81.51% | -214.13% | -175.55% | -45.98% | -57.75% | -716.4% |
| EPS 2 | -1.871 | -3.381 | -1.537 | -0.3529 | -2.601 | -6.212 |
| Free Cash Flow | - | 189.4 | -34.14 | -135.5 | 539.9 | 140.9 |
| FCF margin | - | 43% | -13.99% | -63.3% | 42.98% | 58.26% |
| FCF Conversion (EBITDA) | - | - | - | - | 387.64% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 10/10/19 | 10/10/19 | 10/9/20 | 10/7/22 | 10/7/22 | 10/6/23 |
1PKR in Million2PKR
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,055 | 3,671 | 4,054 | 3,926 | 4,654 | 6,063 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -16.53 x | -91.59 x | -22.59 x | -68.63 x | 33.42 x | -41.07 x |
| Free Cash Flow | - | 189 | -34.1 | -135 | 540 | 141 |
| ROE (net income / shareholders' equity) | -19.7% | -48.3% | -33.7% | -9.71% | -95.7% | 551% |
| ROA (Net income/ Total Assets) | - | -0.56% | -1.73% | -0.71% | 0.97% | -1.41% |
| Assets 1 | - | 167,330 | 24,817 | 13,854 | -74,676 | 123,244 |
| Book Value Per Share 2 | 8.370 | 5.000 | 3.490 | 3.090 | 1.660 | -4.530 |
| Cash Flow per Share 2 | 0.1200 | 0.5900 | 0.0800 | 0.0700 | 0.0800 | 0.0700 |
| Capex 1 | 22.8 | 42.4 | 29 | - | - | - |
| Capex / Sales | 3.56% | 9.62% | 11.86% | - | - | - |
| Announcement Date | 10/10/19 | 10/10/19 | 10/9/20 | 10/7/22 | 10/7/22 | 10/6/23 |
1PKR in Million2PKR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.72% | 2.75M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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