Company Valuation: Systems Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 104,917 134,729 123,376 181,701 251,686 175,102 - -
Change - 28.41% -8.43% 47.27% 38.52% -30.43% - -
Enterprise Value (EV) 100,200 134,729 116,659 181,701 251,686 175,102 175,102 175,102
Change - 34.46% -13.41% 55.75% 38.52% -30.43% 0% 0%
P/E 23.7x 20.6x 14.3x 24.5x 23x 10.3x 7.94x 6.22x
PBR 8.7x - 3.82x - - - - -
PEG - 0.4x 0.5x -1.7x 0.5x 0.2x 0.3x 0.2x
Capitalization / Revenue 6.86x 4.24x 2.31x 2.69x 3.13x 1.85x - -
EV / Revenue 0x 0x 0x 0x 0x 1.85x - -
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 16.9x - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.5 1 1.2 1.2 2 1.95 2.6 -
Rate of return 0.66% 1.03% 1.42% 0.97% 1.17% 1.7% 2.27% -
EPS 2 3.21 4.69 5.932 5.074 7.44 11.15 14.43 18.42
Distribution rate 15.6% 21.3% 20.2% 23.6% 26.9% 17.5% 18% -
Net sales 1 15,304 31,760 53,435 67,473 80,392 94,705 - -
EBITDA 3,542 - 9,631 - - - - -
EBIT 1 3,169 5,363 7,733 8,150 12,006 10,351 - -
Net income 1 4,462 6,629 8,689 7,460 11,041 14,306 - -
Net Debt -4,718 - -6,717 - - - - -
Reference price 2 75.98 96.79 84.71 124.29 170.88 114.57 114.57 114.57
Nbr of stocks (in thousands) 1,380,782 1,392,026 1,456,418 1,461,908 1,472,881 1,528,342 - -
Announcement Date 21/03/22 19/04/23 29/03/24 24/03/25 07/04/26 - - -
1PKR in Million2PKR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.28x - - 1.7% 633M
24.51x4x13.92x2.74% 234B
20.85x4.43x10.87x0.79% 179B
17.09x1.94x10x2.74% 148B
-541.28x36.72x151.05x-.--% 110B
-116.44x15.85x87.21x-.--% 103B
15.7x2.82x10.9x5.12% 92.38B
23.62x6.13x15.05x2.37% 70.6B
14.98x2.17x9.24x5.14% 49.04B
18.63x2.45x11.35x4.56% 39.56B
Average -51.21x 8.50x 35.51x 2.52% 103B
Weighted average by Cap. -53.34x 8.36x 34.31x 2.21%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Systems Limited

Historical PBR trend

Valuation ratios - PBR - Systems Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Systems Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Systems Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Systems Limited
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