Financials Pakistan Petroleum Limited

Equities

PPL

PK0081801018

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
114 PKR +0.27% Intraday chart for Pakistan Petroleum Limited +0.59% -0.85%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 327,491 236,126 236,262 183,693 160,918 310,327 - -
Enterprise Value (EV) 1 327,491 236,126 236,262 110,065 160,918 310,327 310,327 310,327
P/E ratio 5.51 x 4.78 x 4.52 x 3.38 x 1.66 x 2.49 x 2.56 x 2.33 x
Yield 1.38% 1.15% 4.03% 2.96% 4.23% 8.55% 9.43% 12.7%
Capitalization / Revenue 1.99 x 1.49 x 1.58 x 0.9 x 0.56 x 0.99 x 0.98 x 1.01 x
EV / Revenue 1.99 x 1.49 x 1.58 x 0.9 x 0.56 x 0.99 x 0.98 x 1.01 x
EV / EBITDA 3,594,573 x - - 1,538,908 x - - - -
EV / FCF - - 6.02 x 9.77 x -25.8 x 3.65 x 3.96 x -
FCF Yield - - 16.6% 10.2% -3.88% 27.4% 25.3% -
Price to Book 1.36 x - 0.61 x 0.42 x - 0.49 x 0.42 x -
Nbr of stocks (in thousands) 2,720,968 2,720,968 2,720,972 2,720,972 2,720,972 2,720,973 - -
Reference price 2 120.4 86.78 86.83 67.51 59.14 114.0 114.0 114.0
Announcement Date 9/25/19 9/11/20 9/17/21 9/20/22 9/19/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 164,366 157,999 149,279 203,811 288,053 314,944 315,269 308,363
EBITDA 91,107 - - 119,366 - - - -
EBIT 1 78,614 70,039 71,856 102,538 165,519 190,251 191,958 181,340
Operating Margin 47.83% 44.33% 48.14% 50.31% 57.46% 60.41% 60.89% 58.81%
Earnings before Tax (EBT) 1 77,837 69,643 68,438 98,937 164,912 187,325 189,427 181,507
Net income 1 59,459 49,425 52,283 54,353 97,222 116,299 118,117 113,292
Net margin 36.17% 31.28% 35.02% 26.67% 33.75% 36.93% 37.47% 36.74%
EPS 2 21.85 18.16 19.21 19.98 35.73 45.72 44.52 48.90
Free Cash Flow 1 - - 39,250 18,795 -6,239 85,038 78,445 -
FCF margin - - 26.29% 9.22% -2.17% 27% 24.88% -
FCF Conversion (EBITDA) - - - 15.75% - - - -
FCF Conversion (Net income) - - 75.07% 34.58% - 73.12% 66.41% -
Dividend per Share 2 1.667 1.000 3.500 2.000 2.500 9.750 10.75 14.50
Announcement Date 9/25/19 9/11/20 9/17/21 9/20/22 9/19/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2021 S1 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3
Net sales 1 85,631 75,812 43,596 46,823 90,419 51,090 62,301 72,820 65,377 138,197 76,919 72,936 149,856 78,011 73,007 151,017 77,730
EBITDA - - - - - - - - - - - - - - - - -
EBIT 33,348 35,156 - - - - - - 34,305 - 47,082 - - - - - -
Operating Margin 38.94% 46.37% - - - - - - 52.47% - 61.21% - - - - - -
Earnings before Tax (EBT) 32,807 34,552 23,166 21,614 44,780 - - - 32,261 77,848 50,454 - - - - - -
Net income 1 24,445 26,105 16,860 14,279 31,139 - - 26,330 22,169 48,499 32,849 15,874 48,723 29,761 40,028 - 27,528
Net margin 28.55% 34.43% 38.67% 30.5% 34.44% - - 36.16% 33.91% 35.09% 42.71% 21.76% 32.51% 38.15% 54.83% - 35.41%
EPS 2 8.980 9.590 6.200 5.250 11.44 - - 9.680 8.150 17.82 12.07 5.830 17.91 10.94 - - 10.24
Dividend per Share - 1.500 - 1.500 1.500 - 0.5000 - 1.000 1.000 - 0.5000 1.500 - 2.500 2.500 -
Announcement Date 2/25/20 2/26/21 10/25/21 2/25/22 2/25/22 4/27/22 9/20/22 10/27/22 2/27/23 2/27/23 4/27/23 9/19/23 9/19/23 10/30/23 2/26/24 2/26/24 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 73,627 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 39,250 18,795 -6,239 85,038 78,445 -
ROE (net income / shareholders' equity) 22.1% 15.4% 14.3% 13.2% 19.9% 18.4% 17.1% 16.8%
ROA (Net income/ Total Assets) 14.3% - - 9.32% - - - -
Assets 1 416,289 - - 583,096 - - - -
Book Value Per Share 2 88.40 - 143.0 160.0 - 235.0 273.0 -
Cash Flow per Share - - - - - - - -
Capex - - - 22,967 - - - -
Capex / Sales - - - 11.27% - - - -
Announcement Date 9/25/19 9/11/20 9/17/21 9/20/22 9/19/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
114 PKR
Average target price
146.4 PKR
Spread / Average Target
+28.35%
Consensus
  1. Stock Market
  2. Equities
  3. PPL Stock
  4. Financials Pakistan Petroleum Limited