Financials Netsol Technologies Limited

Equities

NETSOL

PK0084201018

Software

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
130 PKR -2.14% Intraday chart for Netsol Technologies Limited +5.89% +30.70%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 10,890 5,912 4,466 15,270 8,960 6,573
Enterprise Value (EV) 1 9,823 5,112 4,015 13,347 6,967 5,616
P/E ratio 9.86 x 4.67 x 124 x 79.1 x 10.3 x 6.35 x
Yield 2.06% 4.25% - - - -
Capitalization / Revenue 2.54 x 1.1 x 0.95 x 3.09 x 1.45 x 0.84 x
EV / Revenue 2.29 x 0.95 x 0.85 x 2.7 x 1.13 x 0.72 x
EV / EBITDA 11.1 x 8 x 16.5 x 24.7 x 15.4 x -28.5 x
EV / FCF 20 x -13.1 x -41.2 x 9.59 x -9.26 x -2.04 x
FCF Yield 4.99% -7.62% -2.43% 10.4% -10.8% -49%
Price to Book 1.58 x 0.83 x 0.65 x 2.15 x 1.12 x 0.74 x
Nbr of stocks (in thousands) 89,703 89,723 89,837 89,837 89,837 87,837
Reference price 2 121.4 65.89 49.71 170.0 99.74 74.83
Announcement Date 10/4/18 9/27/19 10/1/20 10/4/21 10/4/22 10/4/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 4,285 5,381 4,708 4,948 6,185 7,788
EBITDA 1 882.3 639.1 243.5 540.1 451.4 -197
EBIT 1 622.3 414.9 67.18 323.9 199.1 -537.5
Operating Margin 14.52% 7.71% 1.43% 6.55% 3.22% -6.9%
Earnings before Tax (EBT) 1 1,096 1,316 206.6 263.3 1,012 1,231
Net income 1 1,105 1,267 36.02 193 872.3 1,038
Net margin 25.8% 23.55% 0.77% 3.9% 14.1% 13.33%
EPS 2 12.31 14.11 0.4000 2.148 9.720 11.79
Free Cash Flow 1 490.5 -389.7 -97.46 1,392 -752.1 -2,753
FCF margin 11.45% -7.24% -2.07% 28.14% -12.16% -35.34%
FCF Conversion (EBITDA) 55.59% - - 257.79% - -
FCF Conversion (Net income) 44.37% - - 721.63% - -
Dividend per Share 2 2.500 2.800 - - - -
Announcement Date 10/4/18 9/27/19 10/1/20 10/4/21 10/4/22 10/4/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,067 800 451 1,923 1,993 957
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 490 -390 -97.5 1,392 -752 -2,753
ROE (net income / shareholders' equity) 16% 17.2% 0.62% 2.75% 11.7% 12.4%
ROA (Net income/ Total Assets) 4.62% 2.8% 0.45% 2.17% 1.23% -2.91%
Assets 1 23,930 45,226 7,956 8,904 70,735 -35,741
Book Value Per Share 2 76.70 79.10 76.90 79.20 88.80 101.0
Cash Flow per Share 2 23.70 21.80 23.60 42.20 43.20 30.00
Capex 1 170 294 105 320 356 390
Capex / Sales 3.96% 5.47% 2.23% 6.47% 5.75% 5.01%
Announcement Date 10/4/18 9/27/19 10/1/20 10/4/21 10/4/22 10/4/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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