Financials Nishat Power Limited

Equities

NPL

PK0094301014

Independent Power Producers

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
33.52 PKR +3.52% Intraday chart for Nishat Power Limited +3.91% +8.30%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,752 8,020 6,958 6,905 6,002 11,869 - -
Enterprise Value (EV) 1 9,752 8,020 6,958 6,905 6,002 11,869 11,869 11,869
P/E ratio 2.59 x 1.62 x 2.6 x 2.08 x 1.47 x 2.41 x 2.65 x 2.82 x
Yield 5.45% 8.83% 7.63% 23.1% 53.1% 22.4% 20.9% 25.4%
Capitalization / Revenue - 683,231 x 608,598 x 291,531 x 260,168 x - - -
EV / Revenue - 683,231 x 608,598 x 291,531 x 260,168 x - - -
EV / EBITDA - - 1,799,856 x - - - - -
EV / FCF - 1,608,341 x 3,940,741 x - 1,129,342 x - - -
FCF Yield - 0% 0% - 0% - - -
Price to Book 0.51 x - 0.27 x 0.25 x - 0.36 x 0.34 x 0.32 x
Nbr of stocks (in thousands) 354,089 354,089 354,089 354,089 354,089 354,088 - -
Reference price 2 27.54 22.65 19.65 19.50 16.95 33.52 33.52 33.52
Announcement Date 9/18/19 7/28/20 9/16/21 9/20/22 10/4/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales - 11,738 11,433 23,684 23,069 - - -
EBITDA - - 3,866 - - - - -
EBIT - 6,086 3,141 3,541 4,188 - - -
Operating Margin - 51.84% 27.47% 14.95% 18.15% - - -
Earnings before Tax (EBT) - 4,943 2,681 - 4,099 - - -
Net income - 4,943 2,680 3,323 4,091 - - -
Net margin - 42.11% 23.44% 14.03% 17.73% - - -
EPS 1 10.65 13.96 7.570 9.384 11.55 13.90 12.65 11.90
Free Cash Flow - 4,987 1,766 - 5,314 - - -
FCF margin - 42.48% 15.44% - 23.04% - - -
FCF Conversion (EBITDA) - - 45.67% - - - - -
FCF Conversion (Net income) - 100.88% 65.87% - 129.9% - - -
Dividend per Share 1 1.500 2.000 1.500 4.500 9.000 7.500 7.000 8.500
Announcement Date 9/18/19 7/28/20 9/16/21 9/20/22 10/4/23 - - -
1PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2021 S1 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q3
Net sales 1 7,262 5,407 5,729 4,142 9,871 4,433 9,381 - 2,242 13,690 3,469 5,910 4,401
EBITDA - - - - - - - - - - - - -
EBIT - - 933.7 832 - 1,166 609.2 - 1,103 2,125 861.5 1,229 -
Operating Margin - - 16.3% 20.09% - 26.3% 6.49% - 49.2% 15.52% 24.83% 20.8% -
Earnings before Tax (EBT) - 1,467 - 746.4 1,661 - - - - - - - -
Net income 1 2,497 1,467 915.1 746.4 1,661 1,141 520.6 943.1 1,100 2,043 - 1,216 1,133
Net margin 34.38% 27.12% 15.97% 18.02% 16.83% 25.73% 5.55% - 49.07% 14.93% - 20.57% 25.74%
EPS 2 7.051 4.142 2.584 2.108 4.692 - 1.471 2.664 3.110 5.770 - 3.430 3.200
Dividend per Share - - - 2.000 2.000 - 2.500 - - 2.000 - 7.000 -
Announcement Date 2/20/20 2/12/21 10/22/21 2/23/22 2/23/22 4/26/22 9/20/22 10/21/22 2/13/23 2/13/23 4/28/23 10/4/23 -
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - 4,987 1,766 - 5,314 - - -
ROE (net income / shareholders' equity) 21.2% 23.1% 10.8% 12.3% 14.1% 15% 13% 12%
ROA (Net income/ Total Assets) 13.5% - - - - 15% 12% 11%
Assets - - - - - - - -
Book Value Per Share 1 54.00 - 73.50 79.30 - 92.60 98.80 103.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 9/18/19 7/28/20 9/16/21 9/20/22 10/4/23 - - -
1PKR
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
3
Last Close Price
33.52 PKR
Average target price
34.43 PKR
Spread / Average Target
+2.72%
Consensus
  1. Stock Market
  2. Equities
  3. NPL Stock
  4. Financials Nishat Power Limited