Financials Pakistan International Airlines Corporation Limited

Equities

PIAA

PK0003401012

Airlines

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
26.55 PKR +0.15% Intraday chart for Pakistan International Airlines Corporation Limited +4.53% +276.60%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 21,045 26,646 34,915 24,811 20,668 18,275
Enterprise Value (EV) 1 238,125 292,953 356,597 368,776 407,975 446,582
P/E ratio -0.44 x -0.4 x -0.62 x -0.57 x -0.39 x -0.19 x
Yield - - - - - -
Capitalization / Revenue 0.23 x 0.23 x 0.21 x 0.25 x 0.23 x 0.1 x
EV / Revenue 2.57 x 2.48 x 2.17 x 3.72 x 4.63 x 2.5 x
EV / EBITDA -11.1 x -11.6 x 777 x -95.8 x -29.8 x -50.6 x
EV / FCF -32.3 x -19.8 x -874 x -160 x -47 x 20.3 x
FCF Yield -3.09% -5.04% -0.11% -0.62% -2.13% 4.93%
Price to Book -0.09 x -0.1 x -0.1 x -0.07 x -0.05 x -0.04 x
Nbr of stocks (in thousands) 5,235,261 5,235,261 5,235,261 5,235,261 5,235,261 5,235,261
Reference price 2 4.020 5.090 6.670 4.730 3.930 3.470
Announcement Date 7/28/19 12/2/19 6/1/20 4/26/22 4/26/22 5/26/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 92,743 117,979 164,646 99,197 88,089 178,551
EBITDA 1 -21,486 -25,304 459.2 -3,850 -13,675 -8,824
EBIT 1 -28,955 -32,940 -6,672 -13,731 -22,283 -17,882
Operating Margin -31.22% -27.92% -4.05% -13.84% -25.3% -10.01%
Earnings before Tax (EBT) 1 -46,918 -67,763 -56,079 -47,933 -54,351 -100,590
Net income 1 -47,756 -66,853 -55,979 -43,555 -53,374 -97,302
Net margin -51.49% -56.67% -34% -43.91% -60.59% -54.5%
EPS 2 -9.122 -12.77 -10.69 -8.319 -10.20 -18.59
Free Cash Flow 1 -7,365 -14,765 -408.1 -2,301 -8,685 22,028
FCF margin -7.94% -12.52% -0.25% -2.32% -9.86% 12.34%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 7/28/19 12/2/19 6/1/20 4/26/22 4/26/22 5/26/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 217,080 266,308 321,683 343,965 387,308 428,306
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -10.1 x -10.52 x 700.5 x -89.34 x -28.32 x -48.54 x
Free Cash Flow 1 -7,365 -14,765 -408 -2,301 -8,685 22,028
ROE (net income / shareholders' equity) 23.1% 27.2% 18.6% 12.4% 13.6% 21.5%
ROA (Net income/ Total Assets) -8.4% -8.51% -1.51% -3.04% -5.05% -3.68%
Assets 1 568,365 785,341 3,702,343 1,434,514 1,057,842 2,641,626
Book Value Per Share 2 -43.30 -51.60 -63.60 -71.90 -79.90 -94.50
Cash Flow per Share 2 1.860 1.250 2.190 1.440 2.680 2.560
Capex 1 4,207 13,888 14,644 3,211 2,012 3,983
Capex / Sales 4.54% 11.77% 8.89% 3.24% 2.28% 2.23%
Announcement Date 7/28/19 12/2/19 6/1/20 4/26/22 4/26/22 5/26/23
1PKR in Million2PKR
Estimates
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