Financials Image Pakistan Limited

Equities

IMAGE

PK0058201010

Textiles & Leather Goods

End-of-day quote Pakistan S.E. 06:00:00 2024-07-02 pm EDT 5-day change 1st Jan Change
13.07 PKR +0.08% Intraday chart for Image Pakistan Limited +0.08% -22.94%

Valuation

Fiscal Period: Juni 2018 2019 2020 2021 2022 2023
Capitalization 1 392.2 523.3 398.7 1,522 1,371 1,272
Enterprise Value (EV) 1 679.6 673.3 615.6 1,796 1,476 1,466
P/E ratio 7.1 x 9.05 x 17.8 x 13.2 x 5.81 x 3.65 x
Yield 6.02% - - 3.74% - 15.5%
Capitalization / Revenue 1.22 x 1.35 x 0.99 x 1.52 x 0.8 x 0.47 x
EV / Revenue 2.11 x 1.74 x 1.53 x 1.79 x 0.86 x 0.54 x
EV / EBITDA 5.21 x 5.89 x 6.02 x 7.6 x 4.75 x 3.15 x
EV / FCF -1.84 x 15.6 x -8.88 x -21.9 x -3.11 x -9.01 x
FCF Yield -54.3% 6.42% -11.3% -4.56% -32.1% -11.1%
Price to Book 0.79 x 0.51 x 0.38 x 1.25 x 0.74 x 0.5 x
Nbr of stocks (in thousands) 31,227 75,223 75,223 75,223 131,640 131,640
Reference price 2 12.56 6.957 5.301 20.23 10.41 9.660
Announcement Date 10/11/18 10/9/19 10/7/20 10/6/21 10/7/22 8/29/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2018 2019 2020 2021 2022 2023
Net sales 1 322 386.8 403.2 1,002 1,718 2,696
EBITDA 1 130.5 114.3 102.3 236.5 310.9 465.3
EBIT 1 101.5 74.44 65.17 191 245.3 384.7
Operating Margin 31.53% 19.24% 16.16% 19.07% 14.28% 14.27%
Earnings before Tax (EBT) 1 78.72 58.98 38.55 155.4 172 334.1
Net income 1 77.8 52.67 22.4 115.1 208.1 288.6
Net margin 24.16% 13.62% 5.56% 11.49% 12.11% 10.7%
EPS 2 1.768 0.7683 0.2978 1.530 1.792 2.650
Free Cash Flow 1 -369.2 43.24 -69.33 -81.88 -474.1 -162.7
FCF margin -114.65% 11.18% -17.2% -8.17% -27.59% -6.03%
FCF Conversion (EBITDA) - 37.85% - - - -
FCF Conversion (Net income) - 82.1% - - - -
Dividend per Share 2 0.7561 - - 0.7561 - 1.500
Announcement Date 10/11/18 10/9/19 10/7/20 10/6/21 10/7/22 8/29/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2018 2019 2020 2021 2022 2023
Net Debt 1 287 150 217 275 105 195
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.202 x 1.313 x 2.12 x 1.163 x 0.3373 x 0.4185 x
Free Cash Flow 1 -369 43.2 -69.3 -81.9 -474 -163
ROE (net income / shareholders' equity) 10.8% 5.32% 2.15% 10.1% 13.5% 13.1%
ROA (Net income/ Total Assets) 5.94% 3.3% 2.7% 6.5% 6.68% 7.84%
Assets 1 1,309 1,598 830.1 1,771 3,114 3,682
Book Value Per Share 2 15.90 13.70 14.00 16.20 14.10 19.50
Cash Flow per Share 2 0.1400 0.3700 0.0300 0.1500 0.3200 0.3700
Capex 1 81.2 17.4 14 121 227 213
Capex / Sales 25.22% 4.49% 3.48% 12.04% 13.18% 7.9%
Announcement Date 10/11/18 10/9/19 10/7/20 10/6/21 10/7/22 8/29/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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