SHELL PAKISTAN LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 147.1 PKR | -2.00% |
|
-3.09% | -2.21% |
| Mar. 06 | Shell Pakistan Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Shell to Divest Over 77% Stake in Shell Pakistan to Saudi Arabia's Wafi | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 32,810 | 27,118 | 29,688 | 25,938 | 22,995 | 32,204 |
| Enterprise Value (EV) 1 | 38,890 | 36,534 | 41,629 | 26,484 | 18,381 | 32,262 |
| P/E ratio | -29.8 x | -18.3 x | -6.16 x | 5.54 x | -318 x | 5.5 x |
| Yield | 2.28% | - | - | - | 2.79% | 3.32% |
| Capitalization / Revenue | 0.18 x | 0.14 x | 0.18 x | 0.1 x | 0.06 x | 0.07 x |
| EV / Revenue | 0.21 x | 0.18 x | 0.25 x | 0.11 x | 0.04 x | 0.07 x |
| EV / EBITDA | 7.46 x | 8.68 x | -15 x | 2.43 x | 1.32 x | 3.82 x |
| EV / FCF | -21.6 x | 8.89 x | 53.5 x | 11.5 x | 1.58 x | -6.39 x |
| FCF Yield | -4.64% | 11.2% | 1.87% | 8.66% | 63.1% | -15.7% |
| Price to Book | 5.16 x | 6.32 x | -45.6 x | 1.69 x | 1.58 x | 1.63 x |
| Nbr of stocks (in thousands) | 107,012 | 107,012 | 107,012 | 214,025 | 214,025 | 214,025 |
| Reference price 2 | 306.6 | 253.4 | 277.4 | 121.2 | 107.4 | 150.5 |
| Announcement Date | 4/1/19 | 4/29/20 | 3/31/21 | 3/31/22 | 4/11/23 | 3/6/24 |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 186,204 | 199,719 | 165,140 | 249,210 | 412,699 | 431,650 |
| EBITDA 1 | 5,215 | 4,211 | -2,770 | 10,914 | 13,946 | 8,445 |
| EBIT 1 | 4,254 | 3,126 | -4,020 | 9,508 | 12,080 | 6,484 |
| Operating Margin | 2.28% | 1.56% | -2.43% | 3.82% | 2.93% | 1.5% |
| Earnings before Tax (EBT) 1 | -59.67 | -140 | -4,815 | 6,609 | 2,915 | 7,247 |
| Net income 1 | -1,102 | -1,486 | -4,821 | 4,467 | -72.31 | 5,851 |
| Net margin | -0.59% | -0.74% | -2.92% | 1.79% | -0.02% | 1.36% |
| EPS 2 | -10.30 | -13.88 | -45.05 | 21.88 | -0.3379 | 27.34 |
| Free Cash Flow 1 | -1,804 | 4,108 | 777.5 | 2,294 | 11,601 | -5,049 |
| FCF margin | -0.97% | 2.06% | 0.47% | 0.92% | 2.81% | -1.17% |
| FCF Conversion (EBITDA) | - | 97.54% | - | 21.02% | 83.19% | - |
| FCF Conversion (Net income) | - | - | - | 51.36% | - | - |
| Dividend per Share 2 | 7.000 | - | - | - | 3.000 | 5.000 |
| Announcement Date | 4/1/19 | 4/29/20 | 3/31/21 | 3/31/22 | 4/11/23 | 3/6/24 |
1PKR in Million2PKR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 6,080 | 9,416 | 11,941 | 546 | - | 57.2 |
| Net Cash position 1 | - | - | - | - | 4,614 | - |
| Leverage (Debt/EBITDA) | 1.166 x | 2.236 x | -4.311 x | 0.05 x | - | 0.006776 x |
| Free Cash Flow 1 | -1,804 | 4,108 | 778 | 2,294 | 11,601 | -5,049 |
| ROE (net income / shareholders' equity) | -13.3% | -27.9% | -265% | 60.9% | -0.48% | 34.1% |
| ROA (Net income/ Total Assets) | 6.04% | 3.71% | -4.53% | 8.51% | 8.09% | 3.9% |
| Assets 1 | -18,241 | -40,042 | 106,403 | 52,462 | -893.5 | 150,228 |
| Book Value Per Share 2 | 59.40 | 40.10 | -6.080 | 71.60 | 68.20 | 92.20 |
| Cash Flow per Share 2 | 18.40 | 21.70 | 23.80 | 23.20 | 50.50 | 30.60 |
| Capex 1 | 2,695 | 2,501 | 3,104 | 4,244 | 4,811 | 4,809 |
| Capex / Sales | 1.45% | 1.25% | 1.88% | 1.7% | 1.17% | 1.11% |
| Announcement Date | 4/1/19 | 4/29/20 | 3/31/21 | 3/31/22 | 4/11/23 | 3/6/24 |
1PKR in Million2PKR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.21% | 113M | |
| -5.24% | 5.86B | |
| 0.00% | 4.55B | |
| -13.69% | 3.91B | |
| +44.27% | 3.57B | |
| -1.43% | 3.56B | |
| +23.40% | 3.23B | |
| +8.47% | 1.95B | |
| +11.60% | 1.6B | |
| +1.01% | 1.38B |
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