Financials Pakistan Stock Exchange Limited

Equities

PSX

PK0104801011

Financial & Commodity Market Operators

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.41 PKR +0.87% Intraday chart for Pakistan Stock Exchange Limited -1.42% +3.17%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 15,829 10,419 7,935 17,881 8,199 5,931
Enterprise Value (EV) 1 13,750 8,437 5,930 15,629 5,785 3,392
P/E ratio 246 x 118 x 40.9 x 25.7 x 20.6 x 27 x
Yield 0.25% - - 0.9% - -
Capitalization / Revenue 17.8 x 11.3 x 8.07 x 12.2 x 5.64 x 4.05 x
EV / Revenue 15.4 x 9.15 x 6.03 x 10.7 x 3.98 x 2.32 x
EV / EBITDA -151 x -79.2 x -62.1 x 45.3 x 27.3 x 41.1 x
EV / FCF -36.3 x -1.86 x -25.7 x 3.49 x -127 x 14.8 x
FCF Yield -2.75% -53.8% -3.9% 28.6% -0.79% 6.77%
Price to Book 1.76 x 1.17 x 0.88 x 1.84 x 0.8 x 0.57 x
Nbr of stocks (in thousands) 801,477 801,477 801,477 801,477 801,477 801,477
Reference price 2 19.75 13.00 9.900 22.31 10.23 7.400
Announcement Date 9/27/18 9/13/19 10/2/20 10/5/21 9/26/22 10/4/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 891.1 922.6 982.9 1,465 1,454 1,465
EBITDA 1 -91.18 -106.6 -95.48 345.2 211.8 82.45
EBIT 1 -219.9 -261 -168.6 105.7 47.67 -96.09
Operating Margin -24.68% -28.28% -17.15% 7.22% 3.28% -6.56%
Earnings before Tax (EBT) 1 117.6 92.25 190.5 722.6 460.1 249.5
Net income 1 64.23 88.18 194.2 696.4 398.7 219.6
Net margin 7.21% 9.56% 19.76% 47.55% 27.43% 14.99%
EPS 2 0.0801 0.1100 0.2423 0.8689 0.4975 0.2740
Free Cash Flow 1 -378.3 -4,540 -231.2 4,477 -45.55 229.5
FCF margin -42.46% -492.05% -23.52% 305.68% -3.13% 15.67%
FCF Conversion (EBITDA) - - - 1,296.93% - 278.36%
FCF Conversion (Net income) - - - 642.91% - 104.51%
Dividend per Share 2 0.0500 - - 0.2000 - -
Announcement Date 9/27/18 9/13/19 10/2/20 10/5/21 9/26/22 10/4/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,079 1,982 2,004 2,252 2,414 2,539
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -378 -4,540 -231 4,477 -45.6 230
ROE (net income / shareholders' equity) 0.71% 1% 2.16% 7.41% 4% 2.13%
ROA (Net income/ Total Assets) -1.21% -1.57% -0.95% 0.56% 0.24% -0.47%
Assets 1 -5,311 -5,622 -20,510 124,553 164,962 -46,961
Book Value Per Share 2 11.20 11.10 11.30 12.10 12.70 13.00
Cash Flow per Share 2 0.5200 0.3000 0.6500 0.5800 0.3500 0.4500
Capex 1 188 215 745 314 186 247
Capex / Sales 21.11% 23.3% 75.8% 21.47% 12.78% 16.87%
Announcement Date 9/27/18 9/13/19 10/2/20 10/5/21 9/26/22 10/4/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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