Financials Pak Suzuki Motor Company Limited

Equities

PSMC

PK0030501016

Auto & Truck Manufacturers

End-of-day quote Pakistan S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
609 PKR 0.00% Intraday chart for Pak Suzuki Motor Company Limited 0.00% +9.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 18,987 19,912 19,197 14,054 45,953 50,121 -
Enterprise Value (EV) 1 48,130 37,731 -2,337 12,370 45,953 50,121 50,121
P/E ratio -6.5 x -12.5 x 7.16 x -2.22 x -4.56 x 15.9 x 19.2 x
Yield - - 2.79% - - 1.27% 1.03%
Capitalization / Revenue 162,908 x 259,547 x 119,921 x 69,416 x - - -
EV / Revenue 162,908 x 259,547 x 119,921 x 69,416 x - - -
EV / EBITDA -68,439,928 x 7,803,871 x 3,230,939 x 1,523,760 x - - -
EV / FCF -994,317 x 584,124 x 1,381,057 x -426,919 x - - -
FCF Yield -0% 0% 0% -0% - - -
Price to Book 0.73 x 0.82 x 0.72 x 0.71 x 4.68 x - -
Nbr of stocks (in thousands) 82,300 82,300 82,300 82,300 82,300 82,300 -
Reference price 2 230.7 242.0 233.3 170.8 558.4 609.0 609.0
Announcement Date 3/20/20 3/22/21 3/22/22 3/20/23 4/8/24 - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 116,548 76,720 160,082 202,467 - - -
EBITDA -277.4 2,552 5,942 9,223 - - -
EBIT -3,083 -162.7 4,620 5,510 - - -
Operating Margin -2.65% -0.21% 2.89% 2.72% - - -
Earnings before Tax (EBT) -4,952 -2,186 3,795 -3,143 - - -
Net income -2,920 -1,589 2,679 -6,337 - - -
Net margin -2.51% -2.07% 1.67% -3.13% - - -
EPS 1 -35.49 -19.31 32.56 -77.00 -122.4 38.24 31.68
Free Cash Flow -19,095 34,089 13,900 -32,920 - - -
FCF margin -16.38% 44.43% 8.68% -16.26% - - -
FCF Conversion (EBITDA) - 1,336% 233.95% - - - -
FCF Conversion (Net income) - - 518.77% - - - -
Dividend per Share 1 - - 6.500 - - 7.750 6.250
Announcement Date 3/20/20 3/22/21 3/22/22 3/20/23 4/8/24 - -
1PKR
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
Net sales - 66,110 50,263 43,709 47,736 64,889 112,625 29,800 60,042 21,839 - - 29,916 -
EBITDA - - - - - - - - - - - - - -
EBIT - - 1,513 1,078 - 1,205 - - 4,169 184.9 - - - -
Operating Margin - - 3.01% 2.47% - 1.86% - - 6.94% 0.85% - - - -
Earnings before Tax (EBT) - 1,686 1,400 710.2 - 1,399 750.6 - - -12,642 - - - -
Net income -2,462 1,197 993.7 488.9 -460.2 443 -17.24 -2,489 -3,830 -12,916 - - 3,805 -
Net margin - 1.81% 1.98% 1.12% -0.96% 0.68% -0.02% -8.35% -6.38% -59.14% - - 12.72% -
EPS 1 -29.92 14.54 12.07 5.940 -5.590 5.380 -0.2100 -30.25 -46.54 -156.9 39.36 -117.6 46.24 -51.01
Dividend per Share - - - 6.500 - - - - - - - - - -
Announcement Date 8/19/20 8/31/21 10/29/21 3/22/22 5/9/22 8/25/22 8/25/22 11/1/22 3/20/23 4/18/23 8/25/23 8/25/23 10/31/23 4/8/24
1PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt 29,144 17,819 - - - -
Net Cash position - - 21,534 1,685 - -
Leverage (Debt/EBITDA) -105.1 x 6.983 x - - - -
Free Cash Flow -19,095 34,089 13,900 -32,920 - -
ROE (net income / shareholders' equity) -10.6% -6.32% 10.5% -27.2% -68.1% 18%
ROA (Net income/ Total Assets) -4.2% -2.2% 3.38% - - -
Assets 69,585 72,182 79,319 - - -
Book Value Per Share 315.0 296.0 326.0 240.0 119.0 -
Cash Flow per Share - - - - - -
Capex 2,539 799 6,051 3,144 - -
Capex / Sales 2.18% 1.04% 3.78% 1.55% - -
Announcement Date 3/20/20 3/22/21 3/22/22 3/20/23 4/8/24 -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
609 PKR
Average target price
154.5 PKR
Spread / Average Target
-74.63%
Consensus
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