Financials J.K. Spinning Mills Limited

Equities

JKSM

PK0041601011

Textiles & Leather Goods

End-of-day quote Pakistan S.E. 06:00:00 2024-04-15 pm EDT 5-day change 1st Jan Change
39.51 PKR +7.51% Intraday chart for J.K. Spinning Mills Limited 0.00% -3.63%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,750 1,908 2,193 4,604 5,723 3,999
Enterprise Value (EV) 1 4,921 5,917 6,750 9,566 10,581 15,366
P/E ratio 5.18 x 2.66 x 1.92 x 2.54 x 1.56 x 2.2 x
Yield 4.18% 7.66% 3.33% 3.33% 3.58% -
Capitalization / Revenue 0.18 x 0.14 x 0.15 x 0.26 x 0.21 x 0.11 x
EV / Revenue 0.5 x 0.43 x 0.46 x 0.55 x 0.39 x 0.43 x
EV / EBITDA 6.04 x 4.12 x 3.17 x 3.46 x 2.14 x 4.26 x
EV / FCF -4.13 x -5.15 x -10.7 x -12.1 x -26.1 x -2.23 x
FCF Yield -24.2% -19.4% -9.32% -8.3% -3.83% -44.8%
Price to Book 0.48 x 0.45 x 0.4 x 0.64 x 0.53 x 0.32 x
Nbr of stocks (in thousands) 102,318 102,318 102,318 102,318 102,318 102,318
Reference price 2 17.10 18.65 21.43 45.00 55.93 39.08
Announcement Date 10/4/18 10/7/19 10/6/20 10/6/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 9,902 13,687 14,827 17,403 27,333 36,129
EBITDA 1 814.9 1,435 2,132 2,767 4,952 3,604
EBIT 1 527.3 1,097 1,737 2,369 4,472 3,032
Operating Margin 5.33% 8.02% 11.71% 13.61% 16.36% 8.39%
Earnings before Tax (EBT) 1 429.8 893.5 1,307 2,142 4,088 1,962
Net income 1 337.9 716.4 1,142 1,812 3,662 1,820
Net margin 3.41% 5.23% 7.7% 10.41% 13.4% 5.04%
EPS 2 3.303 7.001 11.16 17.71 35.79 17.79
Free Cash Flow 1 -1,191 -1,148 -628.9 -793.8 -405.4 -6,886
FCF margin -12.03% -8.39% -4.24% -4.56% -1.48% -19.06%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.7143 1.429 0.7143 1.500 2.000 -
Announcement Date 10/4/18 10/7/19 10/6/20 10/6/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 3,172 4,008 4,558 4,961 4,859 11,367
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.892 x 2.793 x 2.137 x 1.793 x 0.9811 x 3.154 x
Free Cash Flow 1 -1,191 -1,148 -629 -794 -405 -6,886
ROE (net income / shareholders' equity) 9.76% 18.2% 23.6% 28.8% 40.6% 15.6%
ROA (Net income/ Total Assets) 4.82% 8.02% 10.5% 12% 16.9% 8.11%
Assets 1 7,013 8,927 10,915 15,126 21,686 22,442
Book Value Per Share 2 35.30 41.60 53.00 70.00 106.0 122.0
Cash Flow per Share 2 0.2700 0.7200 0.8900 1.150 1.340 3.640
Capex 1 1,013 1,151 467 1,305 2,023 5,091
Capex / Sales 10.23% 8.41% 3.15% 7.5% 7.4% 14.09%
Announcement Date 10/4/18 10/7/19 10/6/20 10/6/21 10/10/22 10/5/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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