Financials Meezan Bank Limited

Equities

MEBL

PK0077401013

Banks

End-of-day quote Pakistan S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
220.8 PKR +1.50% Intraday chart for Meezan Bank Limited -0.85% +36.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 111,225 134,321 218,188 178,139 289,037 395,473 - -
Enterprise Value (EV) 1 111,225 134,321 218,188 178,139 289,037 395,473 395,473 395,473
P/E ratio - - - - - - - -
Yield 5.26% 5.74% 4.18% 8.22% - 12.5% 13% 14.7%
Capitalization / Revenue 2.39 x 2.07 x 3.17 x 1.46 x 1.28 x 1.48 x 1.68 x 1.48 x
EV / Revenue 2.39 x 2.07 x 3.17 x 1.46 x 1.28 x 1.48 x 1.68 x 1.48 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.07 x 2.05 x 2.44 x 1.54 x - 1.68 x 1.46 x 1.29 x
Nbr of stocks (in thousands) 1,626,930 1,626,930 1,789,622 1,789,624 1,791,253 1,791,253 - -
Reference price 2 68.37 82.56 121.9 99.54 161.4 220.8 220.8 220.8
Announcement Date 12/02/20 18/02/21 21/02/22 16/02/23 07/03/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 46,533 64,829 68,906 121,819 226,493 266,382 235,302 267,486
EBITDA - - - - - - - -
EBIT 1 30,863 46,000 48,970 - 179,407 153,987 147,745 -
Operating Margin 66.33% 70.96% 71.07% - 79.21% 57.81% 62.79% -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 3.593 4.743 5.091 8.181 - 27.50 28.70 32.40
Announcement Date 12/02/20 18/02/21 21/02/22 16/02/23 07/03/24 - - -
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1
Net sales 37,910 38,737 20,402 21,459 23,985 - - - 45,263 - -
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS - - - - - - - - - - -
Dividend per Share 1 - 2.372 1.364 1.591 1.591 3.182 2.000 3.000 3.000 1.000 4.000
Announcement Date 18/08/20 12/08/21 21/02/22 27/04/22 11/08/22 11/08/22 19/10/22 16/02/23 19/04/23 10/08/23 10/08/23
1PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 30.7% 33.5% 35% 44.6% - 51% 34.8% 30.6%
ROA (Net income/ Total Assets) 1.48% 1.69% 1.64% 2.01% - 2.7% 2.5% -
Assets - - - - - - - -
Book Value Per Share 1 33.00 40.20 49.90 64.40 - 131.0 151.0 171.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/02/20 18/02/21 21/02/22 16/02/23 07/03/24 - - -
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
8
Last Close Price
220.8 PKR
Average target price
197.3 PKR
Spread / Average Target
-10.62%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. MEBL Stock
  4. Financials Meezan Bank Limited