PAKISTAN SERVICES LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 864.9 PKR | +2.79% |
|
-7.89% | -14.45% |
| Apr. 16 | Pakistan Services Limited Announces CEO Changes | CI |
| Feb. 27 | Pakistan Services Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 32,036 | 33,175 | 32,199 | 29,272 | 50,087 | 25,206 |
| Enterprise Value (EV) 1 | 40,299 | 47,766 | 48,344 | 46,295 | 65,406 | 39,682 |
| P/E ratio | 79.8 x | -23.9 x | -15.5 x | -68.3 x | -140 x | -14.8 x |
| Yield | 1.02% | - | - | - | - | - |
| Capitalization / Revenue | 3.02 x | 3.24 x | 3.68 x | 4.14 x | 3.71 x | 1.85 x |
| EV / Revenue | 3.79 x | 4.67 x | 5.53 x | 6.54 x | 4.85 x | 2.92 x |
| EV / EBITDA | 16.8 x | 11.9 x | 82.8 x | 37.7 x | 25.5 x | 20 x |
| EV / FCF | -47.2 x | -7.21 x | -97.8 x | -10.8 x | 33.5 x | -12.7 x |
| FCF Yield | -2.12% | -13.9% | -1.02% | -9.26% | 2.98% | -7.87% |
| Price to Book | 0.89 x | 0.96 x | 0.94 x | 0.87 x | 1.15 x | 0.59 x |
| Nbr of stocks (in thousands) | 32,524 | 32,524 | 32,524 | 32,524 | 32,524 | 32,524 |
| Reference price 2 | 985.0 | 1,020 | 990.0 | 900.0 | 1,540 | 775.0 |
| Announcement Date | 10/4/18 | 10/7/19 | 10/7/20 | 10/6/21 | 10/6/22 | 10/5/23 |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,623 | 10,232 | 8,742 | 7,077 | 13,485 | 13,590 |
| EBITDA 1 | 2,393 | 4,018 | 583.6 | 1,229 | 2,562 | 1,983 |
| EBIT 1 | 1,728 | 3,122 | -370.5 | 323.1 | 1,642 | 1,140 |
| Operating Margin | 16.26% | 30.51% | -4.24% | 4.57% | 12.18% | 8.39% |
| Earnings before Tax (EBT) 1 | 785.8 | -961.4 | -2,128 | -558.1 | -361.6 | -1,448 |
| Net income 1 | 401.5 | -1,388 | -2,075 | -428.7 | -357.3 | -1,703 |
| Net margin | 3.78% | -13.56% | -23.74% | -6.06% | -2.65% | -12.53% |
| EPS 2 | 12.34 | -42.66 | -63.81 | -13.18 | -10.99 | -52.35 |
| Free Cash Flow 1 | -853.4 | -6,624 | -494.4 | -4,288 | 1,950 | -3,124 |
| FCF margin | -8.03% | -64.74% | -5.65% | -60.6% | 14.46% | -22.99% |
| FCF Conversion (EBITDA) | - | - | - | - | 76.1% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 10.00 | - | - | - | - | - |
| Announcement Date | 10/4/18 | 10/7/19 | 10/7/20 | 10/6/21 | 10/6/22 | 10/5/23 |
1PKR in Million2PKR
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 8,263 | 14,591 | 16,145 | 17,023 | 15,318 | 14,476 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.453 x | 3.631 x | 27.66 x | 13.85 x | 5.979 x | 7.3 x |
| Free Cash Flow 1 | -853 | -6,624 | -494 | -4,288 | 1,950 | -3,124 |
| ROE (net income / shareholders' equity) | 1.18% | -4.16% | -6.24% | -1.33% | -1.03% | -4.13% |
| ROA (Net income/ Total Assets) | 2.32% | 3.72% | -0.42% | 0.36% | 1.68% | 1.08% |
| Assets 1 | 17,319 | -37,297 | 493,422 | -118,516 | -21,305 | -157,733 |
| Book Value Per Share 2 | 1,101 | 1,066 | 1,058 | 1,039 | 1,340 | 1,309 |
| Cash Flow per Share 2 | 40.40 | 10.60 | 13.70 | 12.10 | 16.90 | 11.90 |
| Capex 1 | 4,130 | 4,430 | 1,821 | 783 | 1,065 | 1,530 |
| Capex / Sales | 38.88% | 43.29% | 20.84% | 11.07% | 7.9% | 11.26% |
| Announcement Date | 10/4/18 | 10/7/19 | 10/7/20 | 10/6/21 | 10/6/22 | 10/5/23 |
1PKR in Million2PKR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.45% | 101M | |
| +19.80% | 12.57B | |
| -16.77% | 6.95B | |
| -8.23% | 5.95B | |
| +5.08% | 5.91B | |
| -7.69% | 3.72B | |
| +5.97% | 2.58B | |
| +7.49% | 2.57B | |
| -3.46% | 2.32B | |
| +26.90% | 2.31B |
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