Financials Wah Nobel Chemicals Limited

Equities

WAHN

PK0030901018

Commodity Chemicals

End-of-day quote Pakistan S.E. 23:00:00 11/06/2024 BST 5-day change 1st Jan Change
185.5 PKR +2.42% Intraday chart for Wah Nobel Chemicals Limited +0.25% -5.35%

Valuation

Fiscal Period: June 2017 2018 2019 2020 2021 2022
Capitalization 1 2,108 1,935 2,176 1,712 2,412 1,621
Enterprise Value (EV) 1 2,319 2,226 2,845 2,340 2,919 2,199
P/E ratio 16.1 x 11.1 x 12.3 x 13.1 x 7.21 x 7.75 x
Yield 2.56% 2.33% 1.65% 2.1% 3.73% 2.78%
Capitalization / Revenue 1.69 x 1.15 x 0.96 x 0.88 x 0.89 x 0.49 x
EV / Revenue 1.85 x 1.32 x 1.26 x 1.2 x 1.07 x 0.66 x
EV / EBITDA 11.2 x 7.71 x 8.43 x 7.75 x 5.21 x 5.06 x
EV / FCF -34.7 x -55.2 x -8.81 x 30.3 x 24.4 x 223 x
FCF Yield -2.88% -1.81% -11.4% 3.3% 4.1% 0.45%
Price to Book 3.2 x 2.49 x 2.45 x 1.74 x 1.88 x 1.16 x
Nbr of stocks (in thousands) 9,000 9,000 9,000 9,000 9,000 9,000
Reference price 2 234.2 215.0 241.8 190.2 268.0 180.2
Announcement Date 21/10/17 05/10/18 07/10/19 05/11/20 07/10/21 07/10/22
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2017 2018 2019 2020 2021 2022
Net sales 1 1,251 1,681 2,263 1,950 2,724 3,310
EBITDA 1 207.3 288.7 337.7 301.8 560.4 434.5
EBIT 1 193.6 272.8 312.7 268.5 529.9 396.4
Operating Margin 15.48% 16.23% 13.82% 13.77% 19.45% 11.98%
Earnings before Tax (EBT) 1 189.1 249.5 249.6 182.9 470.9 313.1
Net income 1 131.1 174.1 176.5 130.3 334.4 209.1
Net margin 10.48% 10.36% 7.8% 6.68% 12.28% 6.32%
EPS 2 14.57 19.34 19.61 14.48 37.16 23.24
Free Cash Flow 1 -66.75 -40.3 -323.1 77.27 119.6 9.861
FCF margin -5.34% -2.4% -14.28% 3.96% 4.39% 0.3%
FCF Conversion (EBITDA) - - - 25.6% 21.34% 2.27%
FCF Conversion (Net income) - - - 59.3% 35.76% 4.72%
Dividend per Share 2 6.000 5.000 4.000 4.000 10.00 5.000
Announcement Date 21/10/17 05/10/18 07/10/19 05/11/20 07/10/21 07/10/22
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2017 2018 2019 2020 2021 2022
Net Debt 1 211 291 670 628 507 577
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.018 x 1.007 x 1.983 x 2.082 x 0.9048 x 1.329 x
Free Cash Flow 1 -66.7 -40.3 -323 77.3 120 9.86
ROE (net income / shareholders' equity) 21.5% 24.2% 21.2% 13.9% 29.5% 15.6%
ROA (Net income/ Total Assets) 12.8% 14.6% 12.3% 9.15% 16.4% 10.3%
Assets 1 1,021 1,195 1,439 1,424 2,041 2,038
Book Value Per Share 2 73.20 86.50 98.60 109.0 142.0 155.0
Cash Flow per Share 2 0.4900 2.120 2.300 2.730 2.840 7.700
Capex 1 35.6 153 50.2 - 127 71.5
Capex / Sales 2.85% 9.1% 2.22% - 4.65% 2.16%
Announcement Date 21/10/17 05/10/18 07/10/19 05/11/20 07/10/21 07/10/22
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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