Financials Oil and Gas Development Company Limited

Equities

OGDC

PK0080201012

Oil & Gas Exploration and Production

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
137.2 PKR +0.48% Intraday chart for Oil and Gas Development Company Limited +2.47% +21.97%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 565,529 468,801 408,717 338,354 335,472 589,872 - -
Enterprise Value (EV) 1 565,529 468,801 408,717 166,028 335,472 589,872 589,872 589,872
P/E ratio 4.78 x 4.68 x 4.47 x 2.53 x 1.49 x 2.92 x 2.99 x 2.82 x
Yield 8.37% 6.19% 7.26% 9.22% 11% 7% 11.4% 13.3%
Capitalization / Revenue 2.16 x 1.91 x 1.71 x 1.01 x 0.81 x 1.38 x 1.53 x -
EV / Revenue 2.16 x 1.91 x 1.71 x 1.01 x 0.81 x 1.38 x 1.53 x -
EV / EBITDA 2,728,578 x 3,027,983 x - 1,513,516 x 1,229,281 x - - -
EV / FCF - - 19.3 x 7.16 x 22.9 x 4.66 x 4.92 x 4.27 x
FCF Yield - - 5.17% 14% 4.36% 21.4% 20.3% 23.4%
Price to Book 0.9 x - 0.53 x 0.39 x - 0.48 x 0.43 x -
Nbr of stocks (in thousands) 4,300,928 4,300,928 4,300,928 4,300,928 4,300,928 4,300,928 - -
Reference price 2 131.5 109.0 95.03 78.67 78.00 137.2 137.2 137.2
Announcement Date 9/18/19 9/28/20 9/28/21 9/23/22 9/28/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 261,481 244,857 239,104 335,464 413,594 428,762 384,812 -
EBITDA 207,261 154,823 - 223,555 272,901 - - -
EBIT 150,433 125,794 117,712 196,419 243,451 - - -
Operating Margin 57.53% 51.37% 49.23% 58.55% 58.86% - - -
Earnings before Tax (EBT) 176,599 143,065 128,986 232,521 383,773 - - -
Net income 1 118,386 100,082 91,534 133,784 224,618 331,270 310,673 -
Net margin 45.28% 40.87% 38.28% 39.88% 54.31% 77.26% 80.73% -
EPS 2 27.53 23.27 21.28 31.11 52.23 46.89 45.85 48.70
Free Cash Flow 1 - - 21,150 47,235 14,636 126,522 119,895 138,012
FCF margin - - 8.85% 14.08% 3.54% 29.51% 31.16% -
FCF Conversion (EBITDA) - - - 21.13% 5.36% - - -
FCF Conversion (Net income) - - 23.11% 35.31% 6.52% 38.19% 38.59% -
Dividend per Share 2 11.00 6.750 6.900 7.250 8.550 9.600 15.58 18.25
Announcement Date 9/18/19 9/28/20 9/28/21 9/23/22 9/28/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 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 1 133,441 - 110,980 71,531 79,633 151,163 89,104 95,196 106,012 97,223 203,236 105,913 104,446 120,141 115,234 235,375 117,100
EBITDA 85,728 - - - - - - - - - - - - - - - -
EBIT 1 73,609 - 56,604 42,886 46,789 89,675 - - 72,653 58,148 - 66,484 46,167 73,153 59,589 128,206 60,746
Operating Margin 55.16% - 51% 59.96% 58.76% 59.32% - - 68.53% 59.81% - 62.77% 44.2% 60.89% 51.71% 54.47% 51.88%
Earnings before Tax (EBT) 78,836 - 62,069 52,270 52,902 105,172 64,779 62,571 88,207 64,640 152,848 99,772 - - - - -
Net income 1 53,184 - 42,225 33,629 35,253 68,883 43,161 21,740 53,303 41,709 95,012 64,627 64,979 49,038 74,258 123,296 45,596
Net margin 39.86% - 38.05% 47.01% 44.27% 45.57% 48.44% 22.84% 50.28% 42.9% 46.75% 61.02% 62.21% 40.82% 64.44% 52.38% 38.94%
EPS 2 12.37 - 9.820 7.820 8.200 16.02 10.03 5.060 12.39 9.700 22.09 15.03 15.11 11.40 17.27 28.67 10.72
Dividend per Share 2 4.250 2.500 3.600 1.750 2.000 3.750 1.000 2.500 1.750 2.250 4.000 1.800 2.750 1.600 - - 2.375
Announcement Date 2/26/20 9/28/20 2/24/21 10/29/21 2/28/22 2/28/22 4/28/22 9/23/22 10/28/22 2/22/23 2/22/23 4/27/23 9/28/23 11/2/23 2/27/24 2/27/24 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 172,326 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 21,150 47,235 14,636 126,522 119,895 138,012
ROE (net income / shareholders' equity) 20.1% - 12.4% 16.3% 22.9% 16.7% 14.9% 14.8%
ROA (Net income/ Total Assets) 16.5% - 9.92% - - - - -
Assets 1 716,539 - 922,483 - - - - -
Book Value Per Share 2 145.0 - 179.0 204.0 - 288.0 316.0 -
Cash Flow per Share - - - - - - - -
Capex - - - 25,130 - - - -
Capex / Sales - - - 7.49% - - - -
Announcement Date 9/18/19 9/28/20 9/28/21 9/23/22 9/28/23 - - -
1PKR in Million2PKR
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
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
137.2 PKR
Average target price
170.9 PKR
Spread / Average Target
+24.62%
Consensus
  1. Stock Market
  2. Equities
  3. OGDC Stock
  4. Financials Oil and Gas Development Company Limited