Financials Mari Petroleum Company Limited

Equities

MARI

PK0066301018

Oil & Gas Exploration and Production

End-of-day quote Pakistan S.E. 23:00:00 08/05/2024 BST 5-day change 1st Jan Change
2,726 PKR +0.72% Intraday chart for Mari Petroleum Company Limited +1.12% +30.05%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 122,406 164,972 203,357 232,086 202,057 357,728 - -
Enterprise Value (EV) 1 122,406 164,972 203,357 232,086 202,057 357,728 357,728 357,728
P/E ratio 5.03 x 5.44 x 6.47 x 7.02 x 3.6 x 4.98 x 4.49 x 4.37 x
Yield 0.59% 0.49% 9.25% 7.13% 9.71% 6.87% 9.31% 9.25%
Capitalization / Revenue 2.06 x 2.29 x 2.79 x 2.44 x 1.39 x 1.85 x 1.52 x 1.24 x
EV / Revenue 2.06 x 2.29 x 2.79 x 2.44 x 1.39 x 1.85 x 1.52 x 1.24 x
EV / EBITDA 3,341,549 x - - 4,114,931 x - - - -
EV / FCF - - - 23.3 x - 11.8 x 35.8 x 9.02 x
FCF Yield - - - 4.28% - 8.49% 2.79% 11.1%
Price to Book 1.92 x - - 1.77 x - 1.65 x 1.4 x 1.25 x
Nbr of stocks (in thousands) 133,403 133,403 133,403 133,403 133,403 133,402 - -
Reference price 2 917.6 1,237 1,524 1,740 1,515 2,682 2,682 2,682
Announcement Date 30/07/19 20/08/20 26/08/21 07/09/22 09/08/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 59,448 72,015 73,018 95,134 145,770 193,659 234,866 289,361
EBITDA 36,632 - - 56,401 - - - -
EBIT 1 33,417 36,951 - 51,226 85,093 100,894 136,020 162,508
Operating Margin 56.21% 51.31% - 53.85% 58.37% 52.1% 57.91% 56.16%
Earnings before Tax (EBT) 1 34,708 41,279 43,931 52,116 85,847 105,160 149,613 161,280
Net income 1 24,327 30,313 31,445 33,063 56,129 68,139 82,189 98,381
Net margin 40.92% 42.09% 43.06% 34.75% 38.51% 35.19% 34.99% 34%
EPS 2 182.4 227.2 235.7 247.8 420.8 538.5 597.1 614.2
Free Cash Flow 1 - - - 9,942 - 30,386 9,989 39,641
FCF margin - - - 10.45% - 15.69% 4.25% 13.7%
FCF Conversion (EBITDA) - - - 17.63% - - - -
FCF Conversion (Net income) - - - 30.07% - 44.59% 12.15% 40.29%
Dividend per Share 2 5.455 6.100 141.0 124.0 147.0 184.2 249.8 248.0
Announcement Date 30/07/19 20/08/20 26/08/21 07/09/22 09/08/23 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3
Net sales 1 34,551 39,210 21,692 42,418 25,199 27,517 31,825 29,177 61,002 37,838 46,930 48,206 45,539 93,745 48,247
EBITDA - - - - - - - - - - - - - - -
EBIT 1 18,916 21,966 - - 15,623 - 20,588 17,472 - 22,707 24,326 32,807 31,295 64,102 15,422
Operating Margin 54.75% 56.02% - - 62% - 64.69% 59.88% - 60.01% 51.83% 68.06% 68.72% 68.38% 31.96%
Earnings before Tax (EBT) 20,987 23,266 11,481 24,528 15,003 12,585 19,325 16,827 36,152 24,651 - - - - -
Net income 1 14,748 16,401 7,471 16,570 10,889 5,604 12,715 11,147 23,862 16,430 15,837 19,143 18,361 37,505 14,124
Net margin 42.68% 41.83% 34.44% 39.06% 43.21% 20.36% 39.95% 38.21% 39.12% 43.42% 33.75% 39.71% 40.32% 40.01% 29.27%
EPS 2 110.6 122.9 56.00 124.2 81.63 42.00 95.31 83.56 178.9 123.2 118.7 - 137.6 281.1 105.9
Dividend per Share 4.100 6.000 62.00 62.00 - 62.00 - 89.00 89.00 - 58.00 - 98.00 98.00 -
Announcement Date 24/01/20 26/02/21 24/01/22 24/01/22 06/05/22 07/09/22 28/10/22 26/01/23 26/01/23 29/04/23 09/08/23 30/10/23 29/01/24 29/01/24 01/05/24
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 1 - - - 9,942 - 30,386 9,989 39,641
ROE (net income / shareholders' equity) 38.2% 38.7% 30.2% 26.8% - 36.6% 33.9% 31.1%
ROA (Net income/ Total Assets) 13.4% - 18.2% - - - - -
Assets 1 182,114 - 173,059 - - - - -
Book Value Per Share 2 477.0 - - 981.0 - 1,629 1,910 2,153
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 30/07/19 20/08/20 26/08/21 07/09/22 09/08/23 - - -
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
2,682 PKR
Average target price
2,800 PKR
Spread / Average Target
+4.43%
Consensus
  1. Stock Market
  2. Equities
  3. MARI Stock
  4. Financials Mari Petroleum Company Limited