Financials Avanceon Limited

Equities

AVN

PK0107501014

IT Services & Consulting

End-of-day quote Pakistan S.E. 18:00:00 2024-07-14 EDT 5-day change 1st Jan Change
61.33 PKR +9.50% Intraday chart for Avanceon Limited +12.91% +17.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,180 7,230 19,665 23,381 21,440 21,577
Enterprise Value (EV) 1 11,362 7,649 19,687 22,622 21,079 22,173
P/E ratio 15 x 8.09 x 19.3 x 15.1 x 11 x 8.7 x
Yield - - 1.08% 1.1% - 3.49%
Capitalization / Revenue 3.21 x 1.48 x 3.05 x 3.28 x 2.25 x 1.21 x
EV / Revenue 3.26 x 1.56 x 3.05 x 3.18 x 2.21 x 1.25 x
EV / EBITDA 23.1 x 8.71 x 16.3 x 16 x 27.3 x 5.54 x
EV / FCF -36.4 x -14.8 x 510 x -24.4 x -6.85 x 9.85 x
FCF Yield -2.75% -6.77% 0.2% -4.1% -14.6% 10.1%
Price to Book 3.26 x 1.61 x 3.5 x 2.97 x 1.94 x 1.73 x
Nbr of stocks (in thousands) 398,358 401,872 401,872 405,738 410,746 413,928
Reference price 2 28.06 17.99 48.93 57.63 52.20 52.13
Announcement Date 19-04-22 20-05-21 21-05-17 22-04-20 23-05-17 24-04-29
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,481 4,896 6,445 7,118 9,538 17,767
EBITDA 1 491 877.9 1,209 1,417 772.7 4,003
EBIT 1 457.1 813.3 1,191 1,371 720.9 3,968
Operating Margin 13.13% 16.61% 18.49% 19.26% 7.56% 22.33%
Earnings before Tax (EBT) 1 855.4 962.9 1,183 1,759 2,213 3,720
Net income 1 766.7 912.2 1,045 1,577 1,977 2,515
Net margin 22.03% 18.63% 16.21% 22.16% 20.73% 14.16%
EPS 2 1.875 2.223 2.540 3.826 4.727 5.991
Free Cash Flow 1 -312.1 -517.8 38.59 -927.2 -3,079 2,250
FCF margin -8.97% -10.57% 0.6% -13.03% -32.28% 12.66%
FCF Conversion (EBITDA) - - 3.19% - - 56.21%
FCF Conversion (Net income) - - 3.69% - - 89.45%
Dividend per Share - - 0.5270 0.6324 - 1.818
Announcement Date 19-04-22 20-05-21 21-05-17 22-04-20 23-05-17 24-04-29
1PKR in Million2PKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2
Net sales 1 3,520 1,330 979.6
EBITDA - - -
EBIT 1 - 422.1 671.4
Operating Margin - 31.74% 68.54%
Earnings before Tax (EBT) - - -
Net income - - -
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 22-04-20 22-04-29 22-08-29
1PKR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 182 419 22.7 - - 596
Net Cash position 1 - - - 759 361 -
Leverage (Debt/EBITDA) 0.3706 x 0.4774 x 0.0188 x - - 0.1489 x
Free Cash Flow 1 -312 -518 38.6 -927 -3,079 2,250
ROE (net income / shareholders' equity) 24.8% 23% 20.6% 22.9% 20.7% 23.5%
ROA (Net income/ Total Assets) 5.4% 7.08% 8.11% 7.24% 2.61% 11.2%
Assets 1 14,212 12,876 12,878 21,783 75,754 22,477
Book Value Per Share 2 8.620 11.20 14.00 19.40 26.90 30.10
Cash Flow per Share 2 0.1300 0.2600 1.310 3.230 3.280 2.730
Capex 1 17.9 21.6 13.9 26.4 115 244
Capex / Sales 0.51% 0.44% 0.22% 0.37% 1.21% 1.37%
Announcement Date 19-04-22 20-05-21 21-05-17 22-04-20 23-05-17 24-04-29
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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