Financials Engro Corporation Limited

Equities

ENGRO

PK0012101017

Agricultural Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
369.1 PKR +1.76% Intraday chart for Engro Corporation Limited +1.04% +25.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 198,920 177,090 156,958 150,961 158,257 198,069 - -
Enterprise Value (EV) 1 198,920 177,090 156,958 150,961 158,257 198,069 198,069 198,069
P/E ratio 12 x 7.05 x 5.62 x - - - - -
Yield 6.95% 8.46% 9.18% 12.6% 16.3% 16.3% 24.7% 16%
Capitalization / Revenue 0.88 x 0.71 x 0.5 x - 0.33 x 0.37 x 0.42 x 0.36 x
EV / Revenue 0.88 x 0.71 x 0.5 x - 0.33 x 0.37 x 0.42 x 0.36 x
EV / EBITDA 2,805,607 x 2,077,394 x - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.31 x 1.19 x 0.98 x 0.9 x - - - -
Nbr of stocks (in thousands) 576,163 576,163 576,163 576,163 536,626 536,626 - -
Reference price 2 345.2 307.4 272.4 262.0 294.9 369.1 369.1 369.1
Announcement Date 2/21/20 2/18/21 2/17/22 2/16/23 2/26/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 225,920 248,818 311,587 - 482,489 535,339 470,037 543,957
EBITDA 70,901 85,246 - - - - - -
EBIT 54,426 61,014 83,977 - - - - -
Operating Margin 24.09% 24.52% 26.95% - - - - -
Earnings before Tax (EBT) 46,010 53,421 71,240 - - - - -
Net income 16,533 25,100 - - - - - -
Net margin 7.32% 10.09% - - - - - -
EPS 28.69 43.57 48.50 - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 24.00 26.00 25.00 33.00 48.00 60.00 91.00 59.00
Announcement Date 2/21/20 2/18/21 2/17/22 2/16/23 2/26/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 S2 2022 Q1 2022 Q2 2022 S1 2023 Q1 2023 Q3 2023 Q4
Net sales 1 107,172 139,319 - 172,268 - - - - 136,817 143,190
EBITDA - 51,583 - - - - - - - -
EBIT - - - 42,620 - - - - - -
Operating Margin - - - 24.74% - - - - - -
Earnings before Tax (EBT) - 37,961 - - - - - - - -
Net income - 17,053 - - - - - 4,647 - -
Net margin - 12.24% - - - - - - - -
EPS - 29.60 - - 3.900 - - 8.180 - -
Dividend per Share 2 8.000 19.00 5.000 - 5.000 11.00 23.00 - 4.000 2.000
Announcement Date 8/19/20 8/24/21 10/22/21 2/17/22 4/21/22 8/17/22 8/17/22 4/20/23 10/30/23 2/26/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12% 18% 23% - 13.5% 16% 24% 16%
ROA (Net income/ Total Assets) - 4.44% - - 8.51% 9% 12% 12%
Assets - 565,361 - - - - - -
Book Value Per Share 263.0 258.0 277.0 290.0 - - - -
Cash Flow per Share - 110.0 - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/21/20 2/18/21 2/17/22 2/16/23 2/26/24 - - -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
369.1 PKR
Average target price
417 PKR
Spread / Average Target
+12.99%
Consensus
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  4. Financials Engro Corporation Limited