Financials Murree Brewery Company Limited

Equities

MUREB

PK0000601010

Brewers

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
408.6 PKR +1.27% Intraday chart for Murree Brewery Company Limited +1.51% +21.80%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 16,713 21,125 16,045 16,095 11,203 8,022
Enterprise Value (EV) 1 13,479 18,276 13,099 12,210 6,859 4,131
P/E ratio 12.9 x 17.3 x 23.5 x 12.5 x 8.66 x 6.3 x
Yield 4.14% 3.82% 3.45% 5.16% 8.64% 3.45%
Capitalization / Revenue 1.89 x 2.12 x 1.78 x 1.38 x 0.74 x 0.43 x
EV / Revenue 1.52 x 1.83 x 1.46 x 1.04 x 0.45 x 0.22 x
EV / EBITDA 7.15 x 10.6 x 10.3 x 6.35 x 3.32 x 2.02 x
EV / FCF 14.8 x -817 x 14.9 x 9.03 x 5.48 x -19.2 x
FCF Yield 6.77% -0.12% 6.72% 11.1% 18.2% -5.2%
Price to Book 1.77 x 2.11 x 1.61 x 1.4 x 0.92 x 0.6 x
Nbr of stocks (in thousands) 27,664 27,664 27,664 27,664 27,664 27,664
Reference price 2 604.2 763.6 580.0 581.8 405.0 290.0
Announcement Date 10/3/18 10/1/19 10/1/20 9/30/21 9/30/22 9/15/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 8,862 9,983 8,997 11,687 15,234 18,591
EBITDA 1 1,886 1,728 1,278 1,923 2,066 2,044
EBIT 1 1,624 1,373 899.2 1,534 1,697 1,647
Operating Margin 18.33% 13.75% 9.99% 13.12% 11.14% 8.86%
Earnings before Tax (EBT) 1 1,828 1,663 1,038 1,668 2,193 2,125
Net income 1 1,296 1,223 681.7 1,291 1,294 1,274
Net margin 14.63% 12.25% 7.58% 11.05% 8.49% 6.85%
EPS 2 46.86 44.21 24.64 46.68 46.78 46.04
Free Cash Flow 1 912.3 -22.37 880.2 1,352 1,251 -214.7
FCF margin 10.3% -0.22% 9.78% 11.57% 8.21% -1.15%
FCF Conversion (EBITDA) 48.37% - 68.9% 70.34% 60.54% -
FCF Conversion (Net income) 70.38% - 129.12% 104.72% 96.65% -
Dividend per Share 2 25.00 29.17 20.00 30.00 35.00 10.00
Announcement Date 10/3/18 10/1/19 10/1/20 9/30/21 9/30/22 9/15/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,234 2,849 2,946 3,885 4,345 3,892
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 912 -22.4 880 1,352 1,251 -215
ROE (net income / shareholders' equity) 14% 12.5% 6.81% 12% 10.9% 9.98%
ROA (Net income/ Total Assets) 9.55% 7.58% 4.72% 7.35% 7.28% 6.48%
Assets 1 13,578 16,143 14,430 17,570 17,783 19,645
Book Value Per Share 2 342.0 362.0 361.0 416.0 440.0 482.0
Cash Flow per Share 2 72.30 61.30 48.30 79.40 90.70 89.70
Capex 1 664 617 353 156 227 500
Capex / Sales 7.49% 6.18% 3.92% 1.34% 1.49% 2.69%
Announcement Date 10/3/18 10/1/19 10/1/20 9/30/21 9/30/22 9/15/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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