Financials Pakistan Petroleum Limited

Equities

End-of-day quote Pakistan S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
112.44 ^PKR	-0.50%		+1.65%	-2.25%

Sep. 02	Pakistan Petroleum Limited Announces Resignation of Awais Manzur Sumra as Director	CI
Apr. 29	Pakistan Petroleum Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024	CI

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	164,366	157,999	149,279	203,811	288,053	298,351	331,661	332,751
Change	-	-3.87%	-5.52%	36.53%	41.33%	3.58%	11.16%	0.33%
EBITDA	91,107	-	-	119,366	-	-	-	-
Change	-	-100%	-	-	-100%	-	-	-
EBIT ¹	78,614	70,039	71,856	102,538	165,519	180,027	197,034	197,892
Change	-	-10.91%	2.59%	42.7%	61.42%	8.77%	9.45%	0.44%
Interest Paid ¹	-741	-1,070	-1,147	-1,297	-1,552	-1,619	-2,296	-2,402
Earnings before Tax (EBT) ¹	77,837	69,643	68,438	98,937	164,912	177,529	197,204	198,535
Change	-	-10.53%	-1.73%	44.56%	66.68%	7.65%	11.08%	0.67%
Net income ¹	59,459	49,425	52,283	54,353	97,222	123,926	123,079	123,839
Change	-	-16.88%	5.78%	3.96%	78.87%	27.47%	-0.68%	0.62%
Announcement Date	9/25/19	9/11/20	9/17/21	9/20/22	9/19/23	-	-	-

¹PKR in Million

Estimates

Fiscal Period: June	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	44,805	41,878	43,753	40,911	31,458	39,318	36,494	36,906	36,561	43,596	46,823	51,090	62,301	72,820	65,377	76,919	72,936	78,011	73,007	75,506	71,827
Change	-	-6.53%	4.48%	-6.5%	-23.11%	24.99%	-7.18%	1.13%	-0.94%	19.24%	7.4%	9.11%	21.94%	16.88%	-10.22%	17.65%	-5.18%	6.96%	-6.41%	3.42%	-4.87%
EBITDA	-	24,606	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	19,558	22,215	13,764	19,506	14,733	-	15,658	-	-	-	-	-	-	-	34,305	47,082	-	-	-	-	-
Change	-	13.59%	-38.04%	41.71%	-24.47%	-100%	-	-100%	-	-	-	-	-	-	-	37.25%	-100%	-	-	-	-
Charge d'intérêts	-242.1	-281.7	-258.8	-278.9	-250.4	-	-299.1	-281.5	-262	-296	-312	-324.3	-365.1	-	-382.6	-	-	-	-	-	-
Earnings before Tax (EBT)	19,305	19,302	13,506	21,073	15,762	-	15,359	16,771	17,115	23,166	21,614	-	-	-	32,261	50,454	-	-	-	-	-
Change	-	-0.02%	-30.03%	56.03%	-25.2%	-100%	-	9.19%	2.05%	35.36%	-6.7%	-100%	-	-	-	56.39%	-100%	-	-	-	-
Net income ¹	15,432	14,348	10,097	14,151	10,829	14,325	11,780	12,014	14,164	16,860	14,279	-	-	26,330	22,169	32,849	15,874	29,761	40,028	27,837	25,710
Change	-	-7.03%	-29.63%	40.16%	-23.48%	32.29%	-17.76%	1.98%	17.9%	19.03%	-15.31%	-100%	-	-	-15.8%	48.18%	-51.68%	87.48%	34.5%	-30.45%	-7.64%
Announcement Date	9/25/19	10/30/19	2/25/20	4/23/20	9/11/20	10/23/20	2/26/21	4/29/21	9/17/21	10/25/21	2/25/22	4/27/22	9/20/22	10/27/22	2/27/23	4/27/23	9/19/23	10/30/23	2/26/24	4/29/24	-

¹PKR in Million

Estimates

Fiscal Period: June	2020 S1	2021 S1	2022 S1	2023 S1	2023 S2	2024 S1
Net sales ¹	85,631	75,812	90,419	138,197	149,856	151,017
Change	-	-11.47%	19.27%	52.84%	8.44%	0.78%
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT	33,348	35,156	-	-	-	-
Change	-	5.42%	-100%	-	-	-
Charge d'intérêts	-540.5	-603.3	-608	-735.2	-	-
Earnings before Tax (EBT)	32,807	34,552	44,780	77,848	-	-
Change	-	5.32%	29.6%	73.85%	-100%	-
Net income	24,445	26,105	31,139	48,499	48,723	-
Change	-	6.79%	19.28%	55.75%	0.46%	-100%
Announcement Date	2/25/20	2/26/21	2/25/22	2/27/23	9/19/23	2/26/24

¹PKR in Million

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-73,627	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	9/25/19	9/11/20	9/17/21	9/20/22	9/19/23	-	-	-

Estimates

Fiscal Period: June	2021	2022	2023	2024	2025	2026
CAPEX ¹	-	22,967	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	39,250	18,795	-6,239	62,686	103,145	85,560
Change	-	-52.12%	-133.2%	-1,104.69%	64.54%	-17.05%
Announcement Date	9/17/21	9/20/22	9/19/23	-	-	-

¹PKR in Million

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	55.43%	-	-	58.57%	-	-	-	-
EBIT Margin (%)	47.83%	44.33%	48.14%	50.31%	57.46%	60.34%	59.41%	59.47%
EBT Margin (%)	47.36%	44.08%	45.85%	48.54%	57.25%	59.5%	59.46%	59.66%
Net margin (%)	36.17%	31.28%	35.02%	26.67%	33.75%	41.54%	37.11%	37.22%
FCF margin (%)	-	-	26.29%	9.22%	-2.17%	21.01%	31.1%	25.71%
FCF / Net Income (%)	-	-	75.07%	34.58%	-6.42%	50.58%	83.8%	69.09%
Profitability
ROA	14.28%	-	-	9.32%	-	-	-	-
ROE	22.08%	15.41%	14.28%	13.2%	19.93%	21.1%	17.7%	15.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	11.27%	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	19.24%	-	-	-	-
CAPEX / FCF (%)	-	-	-	122.2%	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	1.667	1	3.5	2	2.5	5.833	14.25	15.35
Change	-	-40%	250%	-42.86%	25%	133.33%	144.29%	7.72%
Book Value Per Share ¹	88.36	-	142.9	159.8	-	-	-	-
Change	-	-	-	11.77%	-	-	-	-
EPS ¹	21.85	18.16	19.21	19.98	35.73	45.44	43.27	45.5
Change	-	-16.89%	5.78%	4.01%	78.83%	27.17%	-4.78%	5.16%
Nbr of stocks (in thousands)	2,720,968	2,720,968	2,720,972	2,720,972	2,720,972	2,720,973	2,720,973	2,720,973
Announcement Date	9/25/19	9/11/20	9/17/21	9/20/22	9/19/23	-	-	-