Financials Pakistan National Shipping Corporation

Equities

PNSC

PK0025201010

Marine Freight & Logistics

End-of-day quote Pakistan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
282.5 PKR -2.14% Intraday chart for Pakistan National Shipping Corporation -2.32% +6.81%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 10,821 8,432 9,979 9,601 6,373 17,502
Enterprise Value (EV) 1 7,038 11,449 10,968 8,080 -1,860 -10,045
P/E ratio 6.6 x 3.84 x 4.13 x 4.24 x 1.13 x 0.58 x
Yield 1.83% 3.13% 2.98% 4.13% 10.4% 15.1%
Capitalization / Revenue 1.07 x 0.78 x 0.72 x 0.75 x 0.27 x 0.37 x
EV / Revenue 0.7 x 1.05 x 0.79 x 0.63 x -0.08 x -0.21 x
EV / EBITDA 3.05 x 3.94 x 2.46 x 2.17 x -0.28 x -0.4 x
EV / FCF 9.7 x -1.62 x 8.58 x 4.36 x -0.43 x -4 x
FCF Yield 10.3% -61.7% 11.7% 22.9% -231% -25%
Price to Book 0.35 x 0.26 x 0.29 x 0.26 x 0.15 x 0.25 x
Nbr of stocks (in thousands) 132,063 132,063 132,063 132,063 132,063 132,063
Reference price 2 81.94 63.85 75.56 72.70 48.26 132.5
Announcement Date 9/27/18 10/7/19 10/5/20 10/7/21 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 10,070 10,862 13,804 12,789 23,811 47,708
EBITDA 1 2,307 2,908 4,451 3,729 6,659 25,197
EBIT 1 1,183 1,874 2,992 2,082 4,822 22,856
Operating Margin 11.74% 17.26% 21.68% 16.28% 20.25% 47.91%
Earnings before Tax (EBT) 1 1,854 2,454 2,582 2,442 6,297 31,877
Net income 1 1,641 2,194 2,413 2,264 5,646 29,993
Net margin 16.29% 20.2% 17.48% 17.7% 23.71% 62.87%
EPS 2 12.42 16.61 18.27 17.14 42.75 227.1
Free Cash Flow 1 725.6 -7,064 1,279 1,853 4,302 2,512
FCF margin 7.21% -65.03% 9.26% 14.49% 18.07% 5.27%
FCF Conversion (EBITDA) 31.46% - 28.73% 49.69% 64.6% 9.97%
FCF Conversion (Net income) 44.23% - 52.99% 81.85% 76.19% 8.38%
Dividend per Share 2 1.500 2.000 2.250 3.000 5.000 20.00
Announcement Date 9/27/18 10/7/19 10/5/20 10/7/21 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 - 3,017 990 - - -
Net Cash position 1 3,783 - - 1,521 8,234 27,547
Leverage (Debt/EBITDA) - 1.037 x 0.2224 x - - -
Free Cash Flow 1 726 -7,064 1,279 1,853 4,302 2,512
ROE (net income / shareholders' equity) 5.36% 6.86% 7.17% 6.31% 14.2% 52.9%
ROA (Net income/ Total Assets) 1.97% 2.83% 4.12% 2.82% 6.03% 20.5%
Assets 1 83,448 77,415 58,636 80,376 93,651 146,329
Book Value Per Share 2 237.0 247.0 263.0 281.0 321.0 538.0
Cash Flow per Share 2 20.90 42.20 34.20 13.30 87.70 240.0
Capex 1 303 9,031 679 720 1,411 13,859
Capex / Sales 3.01% 83.14% 4.92% 5.63% 5.92% 29.05%
Announcement Date 9/27/18 10/7/19 10/5/20 10/7/21 10/6/22 10/5/23
1PKR in Million2PKR
Estimates
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