Financials Pakistan Oilfields Limited

Equities

POL

PK0023901017

Oil & Gas Exploration and Production

End-of-day quote Pakistan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
445.6 PKR -0.22% Intraday chart for Pakistan Oilfields Limited -2.60% +5.60%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 115,214 99,528 111,799 115,191 114,044 126,761 - -
Enterprise Value (EV) 1 115,214 99,528 111,799 115,191 114,044 126,761 126,761 126,761
P/E ratio - - 7.26 x 4.3 x 3.06 x 3.34 x 3.49 x 2.88 x
Yield 12.3% 14.3% 12.7% 17.2% 19.9% 18% 20.2% 24.2%
Capitalization / Revenue 2.57 x - 3.03 x 2.22 x 1.87 x 1.87 x 1.71 x 1.58 x
EV / Revenue 2.57 x - 3.03 x 2.22 x 1.87 x 1.87 x 1.71 x 1.58 x
EV / EBITDA - - - - - - - -
EV / FCF - - 6.3 x 4.94 x 4.88 x 3.28 x 3.75 x 4.38 x
FCF Yield - - 15.9% 20.2% 20.5% 30.5% 26.7% 22.8%
Price to Book 2.78 x - - - - - - -
Nbr of stocks (in thousands) 283,855 283,855 283,855 283,855 283,855 283,855 - -
Reference price 2 405.9 350.6 393.9 405.8 401.8 445.6 445.6 445.6
Announcement Date 7/29/19 8/26/20 8/11/21 8/17/22 9/20/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,839 - 36,844 51,945 60,952 67,658 74,061 80,367
EBITDA - - - - - - - -
EBIT 1 23,182 - 20,929 29,611 49,649 46,016 46,670 49,299
Operating Margin 51.7% - 56.81% 57% 81.46% 68.01% 63.02% 61.34%
Earnings before Tax (EBT) 1 - - 23,060 36,987 49,659 55,440 58,416 62,113
Net income 1 - - 15,395 26,763 37,269 39,161 43,841 43,877
Net margin - - 41.78% 51.52% 61.14% 57.88% 59.2% 54.6%
EPS 2 - - 54.24 94.28 131.3 133.2 127.8 154.6
Free Cash Flow 1 - - 17,747 23,296 23,383 38,659 33,842 28,913
FCF margin - - 48.17% 44.85% 38.36% 57.14% 45.69% 35.98%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - 115.27% 87.04% 62.74% 98.72% 77.19% 65.9%
Dividend per Share 2 50.00 50.00 50.00 70.00 80.00 80.00 90.00 108.0
Announcement Date 7/29/19 8/26/20 8/11/21 8/17/22 9/20/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3
Net sales 1 - 22,182 - 17,964 - 11,363 12,956 24,320 13,663 13,962 16,360 14,309 30,669 16,291 13,992 17,023 17,759 34,781 16,445
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 1 - - - - - - - - - - - - - - - 10,423 11,266 22,408 9,021
Operating Margin - - - - - - - - - - - - - - - 61.23% 63.44% 64.43% 54.86%
Earnings before Tax (EBT) - - - 10,114 - 6,807 10,801 17,608 9,647 9,732 10,362 9,400 19,762 18,166 - - - - -
Net income 1 - - - 6,746 - 4,725 7,294 12,019 6,763 7,980 8,483 6,026 14,508 16,396 6,364 9,994 7,907 17,900 8,206
Net margin - - - 37.55% - 41.58% 56.3% 49.42% 49.5% 57.16% 51.85% 42.11% 47.31% 100.65% 45.48% 58.71% 44.52% 51.46% 49.9%
EPS 2 - - - 23.76 - 16.65 25.70 42.34 23.83 28.11 29.88 21.23 51.11 57.76 22.42 35.21 27.85 63.06 28.88
Dividend per Share 2 30.00 20.00 30.00 20.00 30.00 - 20.00 20.00 - 50.00 - 20.00 20.00 - 60.00 - 25.00 25.00 -
Announcement Date 7/29/19 1/21/20 8/26/20 1/27/21 8/11/21 10/22/21 2/4/22 2/4/22 4/22/22 8/17/22 10/25/22 3/1/23 3/1/23 4/27/23 9/20/23 10/10/23 2/6/24 2/6/24 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 17,747 23,296 23,383 38,659 33,842 28,913
ROE (net income / shareholders' equity) 32.7% 36.3% 54.3% 53.9% 51.6% 46% 40.2%
ROA (Net income/ Total Assets) 16.2% - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 146.0 - - - - - -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 7/29/19 8/11/21 8/17/22 9/20/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
445.6 PKR
Average target price
588 PKR
Spread / Average Target
+31.96%
Consensus
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