Financials Indus Motor Company Limited

Equities

INDU

PK0054501017

Auto & Truck Manufacturers

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,591 PKR +0.18% Intraday chart for Indus Motor Company Limited +0.61% +32.55%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 94,628 78,206 98,575 89,951 74,139 125,016 - -
Enterprise Value (EV) 1 68,024 36,320 15,073 -57,175 74,139 125,016 125,016 125,016
P/E ratio 6.9 x 15.4 x 7.68 x 5.69 x 7.67 x 12.8 x 9.18 x -
Yield 9.55% 3.02% 8.25% 8.19% 7.61% 4.72% 6.12% 5.66%
Capitalization / Revenue 0.6 x 0.91 x 0.55 x 0.33 x 0.42 x 0.95 x 0.59 x -
EV / Revenue 0.6 x 0.91 x 0.55 x 0.33 x 0.42 x 0.95 x 0.59 x -
EV / EBITDA 5,115,284 x 10,517,124 x 5,905,158 x 5,157,179 x - - - -
EV / FCF -3,947,804 x 4,828,387 x - 1,371,282 x -635,068 x - - -
FCF Yield -0% 0% - 0% -0% - - -
Price to Book 2.36 x 1.9 x 2.04 x 1.67 x - - - -
Nbr of stocks (in thousands) 78,600 78,600 78,600 78,600 78,600 78,600 - -
Reference price 2 1,204 995.0 1,254 1,144 943.2 1,591 1,591 1,591
Announcement Date 8/27/19 8/10/20 8/27/21 9/9/22 8/28/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 157,996 86,167 179,162 275,506 177,711 131,126 210,965 -
EBITDA 18,499 7,436 16,693 17,442 - - - -
EBIT 16,378 4,597 13,570 14,062 - - - -
Operating Margin 10.37% 5.33% 7.57% 5.1% - - - -
Earnings before Tax (EBT) 1 18,976 7,287 18,199 25,453 16,797 17,140 21,903 -
Net income 1 13,715 5,082 12,829 15,802 9,664 10,666 13,311 -
Net margin 8.68% 5.9% 7.16% 5.74% 5.44% 8.13% 6.31% -
EPS 2 174.5 64.66 163.2 201.0 123.0 124.0 173.3 -
Free Cash Flow -23,970 16,197 - 65,596 -116,741 - - -
FCF margin -15.17% 18.8% - 23.81% -65.69% - - -
FCF Conversion (EBITDA) - 217.82% - 376.08% - - - -
FCF Conversion (Net income) - 318.71% - 415.12% - - - -
Dividend per Share 2 115.0 30.00 103.5 93.75 71.80 75.10 97.30 90.00
Announcement Date 8/27/19 8/10/20 8/27/21 9/9/22 8/28/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni 2020 S1 2021 S1 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 42,775 79,646 65,552 69,633 135,185 68,223 - 37,249 49,585 86,834 48,199 42,678 32,671 18,240 50,910 46,089
EBITDA - - - - - - - - - - - - - - - -
EBIT 2,338 6,849 6,150 4,383 10,533 - -741.1 - - - 2,012 - 2,381 83.48 2,465 -
Operating Margin 5.47% 8.6% 9.38% 6.29% 7.79% - - - - - 4.17% - 7.29% 0.46% 4.84% -
Earnings before Tax (EBT) 3,195 6,791 7,683 6,444 14,127 - 4,261 - 1,921 3,760 4,838 8,199 4,926 - - -
Net income 1 2,304 4,801 5,425 4,750 10,175 - 509.3 - 1,331 2,628 3,216 3,820 3,216 1,741 4,957 3,404
Net margin 5.39% 6.03% 8.28% 6.82% 7.53% - - - 2.68% 3.03% 6.67% 8.95% 9.84% 9.55% 9.74% 7.39%
EPS 2 29.32 61.08 69.02 60.43 129.4 65.11 6.480 16.50 16.93 33.43 40.92 48.61 40.91 22.15 63.07 43.30
Dividend per Share 2 13.00 37.00 34.50 30.00 64.50 26.00 3.250 8.200 2.000 10.20 24.40 29.00 24.50 13.20 37.70 26.00
Announcement Date 2/19/20 2/26/21 10/26/21 2/28/22 2/28/22 4/29/22 9/9/22 10/28/22 2/13/23 2/13/23 4/28/23 8/28/23 10/30/23 2/29/24 2/29/24 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position 26,604 41,887 83,502 147,126 - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow -23,970 16,197 - 65,596 -116,741 - -
ROE (net income / shareholders' equity) 34.2% 12.3% 26.6% 29.3% 16.1% 17% 19%
ROA (Net income/ Total Assets) 18.7% 7.01% - 9.09% 5.74% - -
Assets 1 73,355 72,531 - 173,933 168,365 - -
Book Value Per Share 510.0 524.0 613.0 687.0 - - -
Cash Flow per Share - - - - - - -
Capex 8,681 5,444 2,329 2,639 - - -
Capex / Sales 5.49% 6.32% 1.3% 0.96% - - -
Announcement Date 8/27/19 8/10/20 8/27/21 9/9/22 8/28/23 - -
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
OUTPERFORM
Number of Analysts
6
Last Close Price
1,591 PKR
Average target price
1,568 PKR
Spread / Average Target
-1.41%
Consensus
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