Financials Engro Fertilizers Limited

Equities

EFERT

PK0099701010

Agricultural Chemicals

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
175 PKR +6.06% Intraday chart for Engro Fertilizers Limited +11.21% +55.94%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 92,202 98,051 84,431 101,603 102,671 233,691 233,691 -
Enterprise Value (EV) 1 115,516 122,064 79,057 106,431 102,671 233,691 233,691 233,691
P/E ratio 5.3 x 5.81 x 4.66 x 4.82 x 6.42 x 9.18 x 6.59 x 6.3 x
Yield 15.9% 17.7% 20.6% 21.7% 17.6% 11.4% 14% 14.6%
Capitalization / Revenue 0.84 x 0.81 x 0.8 x 0.77 x 0.65 x 1.07 x 0.94 x 0.95 x
EV / Revenue 0.84 x 0.81 x 0.8 x 0.77 x 0.65 x 1.07 x 0.94 x 0.95 x
EV / EBITDA 2,982,553 x 2,783,255 x 2,888,177 x 2,770,504 x - - - -
EV / FCF 5.53 x 5.24 x 1.83 x 25.1 x 4.41 x 4.52 x 16 x 55.9 x
FCF Yield 18.1% 19.1% 54.8% 3.98% 22.7% 22.1% 6.25% 1.79%
Price to Book 2.03 x 2.27 x 1.81 x 2.16 x 2.41 x 5 x 4.94 x 4.62 x
Nbr of stocks (in thousands) 1,335,299 1,335,299 1,335,299 1,335,299 1,335,299 1,335,299 1,335,299 -
Reference price 2 69.05 73.43 63.23 76.09 76.89 175.0 175.0 175.0
Announcement Date 2/8/19 2/17/20 2/15/21 3/1/22 2/9/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 109,197 121,355 105,846 132,363 157,017 219,305 249,154 245,340
EBITDA 30,914 35,229 29,233 36,673 - - - -
EBIT 1 25,723 29,555 23,890 33,644 30,745 53,806 55,050 74,555
Operating Margin 23.56% 24.35% 22.57% 25.42% 19.58% 24.53% 22.09% 30.39%
Earnings before Tax (EBT) 1 24,282 27,398 21,298 29,890 26,562 47,554 52,307 65,760
Net income 1 17,414 16,871 18,133 21,093 16,003 25,168 33,674 40,114
Net margin 15.95% 13.9% 17.13% 15.94% 10.19% 11.48% 13.52% 16.35%
EPS 2 13.04 12.64 13.58 15.80 11.98 19.07 26.57 27.78
Free Cash Flow 1 16,679 18,721 46,252 4,044 23,257 51,721 14,615 4,179
FCF margin 15.27% 15.43% 43.7% 3.06% 14.81% 23.58% 5.87% 1.7%
FCF Conversion (EBITDA) 53.95% 53.14% 158.22% 11.03% - - - -
FCF Conversion (Net income) 95.78% 110.97% 255.06% 19.17% 145.33% 205.5% 43.4% 10.42%
Dividend per Share 2 11.00 13.00 13.00 16.50 13.50 20.03 24.57 25.48
Announcement Date 2/8/19 2/17/20 2/15/21 3/1/22 2/9/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 Q2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 50,643 40,703 25,916 55,359 37,383 39,621 36,813 38,323 - 35,739 46,141 43,991 38,375 82,366 66,165 70,142 65,320
EBITDA - - - - - - - - - - - - - - - - -
EBIT 12,143 - 7,246 - 6,468 - 8,397 7,732 - - 6,349 7,753 7,831 - 16,801 - -
Operating Margin 23.98% - 27.96% - 17.3% - 22.81% 20.17% - - 13.76% 17.62% 20.41% - 25.39% - -
Earnings before Tax (EBT) 1 11,576 6,903 6,675 - - - 7,673 7,149 - 6,219 5,521 6,790 7,128 13,919 15,785 17,850 11,014
Net income 1 7,184 4,457 4,810 - - - 5,511 -98.32 - 4,182 6,409 4,404 1,060 5,464 9,581 10,440 6,718
Net margin 14.19% 10.95% 18.56% - - - 14.97% -0.26% - 11.7% 13.89% 10.01% 2.76% 6.63% 14.48% 14.88% 10.28%
EPS 2 5.380 3.340 3.600 7.870 3.300 - 4.130 -0.0700 4.050 3.130 4.790 3.300 0.7900 4.090 7.170 7.972 5.292
Dividend per Share 2 5.000 4.000 4.000 8.000 3.500 5.000 5.500 - 5.500 3.000 5.000 3.500 - 3.500 6.000 7.562 5.300
Announcement Date 8/8/19 7/31/20 7/29/21 7/29/21 10/13/21 3/1/22 4/19/22 7/29/22 7/29/22 10/12/22 2/9/23 4/17/23 8/28/23 8/28/23 10/12/23 - -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 23,314 24,013 - 4,829 - - - -
Net Cash position - - 5,374 - - - - -
Leverage (Debt/EBITDA) 0.7542 x 0.6816 x - 0.1317 x - - - -
Free Cash Flow 1 16,679 18,721 46,252 4,044 23,257 51,721 14,615 4,179
ROE (net income / shareholders' equity) 38.3% 38% 40.3% 45% 36.4% 55.2% 77.1% 71.6%
ROA (Net income/ Total Assets) 15.2% 13.8% 14% - - 15% 21.3% 22.7%
Assets 1 114,769 122,395 129,380 - - 167,787 158,095 176,714
Book Value Per Share 2 34.10 32.40 35.00 35.30 32.00 35.00 35.40 37.90
Cash Flow per Share 15.90 - - - - - - -
Capex 4,495 3,267 5,130 10,567 - - - -
Capex / Sales 4.12% 2.69% 4.85% 7.98% - - - -
Announcement Date 2/8/19 2/17/20 2/15/21 3/1/22 2/9/23 - - -
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
OUTPERFORM
Number of Analysts
6
Last Close Price
175 PKR
Average target price
134.1 PKR
Spread / Average Target
-23.35%
Consensus
  1. Stock Market
  2. Equities
  3. EFERT Stock
  4. Financials Engro Fertilizers Limited