Financials FrieslandCampina Engro Pakistan Limited

Equities

FCEPL

PK0096501017

Food Processing

End-of-day quote Pakistan S.E. 03:30:00 09/05/2024 am IST 5-day change 1st Jan Change
72.04 PKR -0.10% Intraday chart for FrieslandCampina Engro Pakistan Limited -2.96% -12.01%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 60,791 63,068 64,954 50,365 62,761 55,548 -
Enterprise Value (EV) 1 66,541 68,898 64,954 49,566 62,761 55,004 44,614
P/E ratio -63.4 x 358 x 36.1 x 20.4 x 41.6 x 13.8 x 9.5 x
Yield - - - - - 5.43% 7.9%
Capitalization / Revenue 1.56 x 1.43 x - 0.69 x 0.63 x 0.48 x 0.41 x
EV / Revenue 1.71 x 1.56 x - 0.67 x 0.63 x 0.48 x 0.33 x
EV / EBITDA 34.5 x 19.5 x - 7.99 x - 6.44 x 3.97 x
EV / FCF 177 x 203 x - 10.5 x - 9.44 x 3.34 x
FCF Yield 0.57% 0.49% - 9.52% - 10.6% 30%
Price to Book 7.25 x 7.38 x - 3.97 x - 3.21 x 2.77 x
Nbr of stocks (in thousands) 7,66,596 7,66,596 7,66,596 7,66,596 7,66,596 7,66,596 -
Reference price 2 79.30 82.27 84.73 65.70 81.87 72.46 72.46
Announcement Date 07/02/20 09/02/21 07/02/22 09/02/23 16/02/24 - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 38,857 44,155 - 73,474 1,00,235 1,15,651 1,36,181
EBITDA 1 1,929 3,527 - 6,200 - 8,536 11,242
EBIT 1 121.2 1,507 - 4,456 4,759 6,656 9,331
Operating Margin 0.31% 3.41% - 6.06% 4.75% 5.76% 6.85%
Earnings before Tax (EBT) 1 -1,100 267.7 - 3,951 2,990 6,599 9,588
Net income 1 -954.9 176.9 - 2,466 1,509 4,025 5,848
Net margin -2.46% 0.4% - 3.36% 1.51% 3.48% 4.29%
EPS 2 -1.250 0.2300 2.350 3.220 1.970 5.250 7.630
Free Cash Flow 1 376.2 339.6 - 4,718 - 5,827 13,367
FCF margin 0.97% 0.77% - 6.42% - 5.04% 9.82%
FCF Conversion (EBITDA) 19.5% 9.63% - 76.11% - 68.26% 118.9%
FCF Conversion (Net income) - 191.95% - 191.37% - 144.77% 228.57%
Dividend per Share 2 - - - - - 3.938 5.722
Announcement Date 07/02/20 09/02/21 07/02/22 09/02/23 16/02/24 - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q1
Net sales 1 14,081 13,971
EBITDA - -
EBIT 1 984.7 1,184
Operating Margin 6.99% 8.47%
Earnings before Tax (EBT) 1 750.4 934
Net income 1 544.9 663.7
Net margin 3.87% 4.75%
EPS 2 0.7100 0.8700
Dividend per Share - -
Announcement Date 20/10/21 28/04/22
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,750 5,830 - - - - - -
Net Cash position 1 - - - 799 - 544 10,934 -
Leverage (Debt/EBITDA) 2.981 x 1.653 x - - - - - -
Free Cash Flow 1 376 340 - 4,718 - 5,827 13,367 -
ROE (net income / shareholders' equity) -11.4% 2.1% 19.1% 21.4% - 24.9% 31.3% -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 10.90 11.20 - 16.60 - 22.60 26.20 -
Cash Flow per Share - - - - - - - -
Capex 1 1,146 1,594 - 1,505 - 1,594 1,680 1,771
Capex / Sales 2.95% 3.61% - 2.05% - 1.38% 1.23% -
Announcement Date 07/02/20 09/02/21 07/02/22 09/02/23 16/02/24 - - -
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
OUTPERFORM
Number of Analysts
1
Last Close Price
72.46 PKR
Average target price
94 PKR
Spread / Average Target
+29.73%
Consensus

Annual profits - Rate of surprise

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  4. Financials FrieslandCampina Engro Pakistan Limited
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