Company Valuation: Habib Rice Products Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 1,254 1,460 1,420 1,560 1,380 1,240
Change - 16.43% -2.74% 9.86% -11.54% -10.14%
Enterprise Value (EV) 1 829.5 1,021 1,164 1,174 1,280 1,276
Change - 23.13% 13.97% 0.85% 8.99% -0.31%
P/E 7.19x 5.84x 16.9x 4.68x -14.9x -7.96x
PBR 1.37x 1.51x 1.53x 1.42x 1.45x 1.56x
PEG - 0.1x -0.3x 0x 0x -0.1x
Capitalization / Revenue 0.74x 0.82x 0.74x 0.62x 0.59x 0.58x
EV / Revenue 0.49x 0.58x 0.61x 0.46x 0.55x 0.6x
EV / EBITDA 3.95x 4.42x 7.28x 3x -13.9x -11.5x
EV / EBIT 4.85x 5.25x 10.8x 3.48x -9.07x -8.11x
EV / FCF 4.03x -368x -33x 5.9x -6.06x -20.8x
FCF Yield 24.8% -0.27% -3.03% 16.9% -16.5% -4.8%
Dividend per Share 2 3 5 2 3.5 - -
Rate of return 9.57% 13.7% 5.63% 8.97% - -
EPS 2 4.363 6.25 2.102 8.327 -2.311 -3.893
Distribution rate 68.8% 80% 95.1% 42% - -
Net sales 1 1,699 1,772 1,920 2,534 2,340 2,136
EBITDA 1 210.2 231.3 159.9 390.8 -91.74 -111.2
EBIT 1 171.2 194.5 107.8 337.1 -141.1 -157.4
Net income 1 174.5 250 84.08 333.1 -92.43 -155.7
Net Debt 1 -424.5 -438.6 -255.9 -386 -100.5 35.58
Reference price 2 31.35 36.50 35.50 39.00 34.50 31.00
Nbr of stocks (in thousands) 40,000 40,000 40,000 40,000 40,000 40,000
Announcement Date 9/30/20 9/29/21 9/28/22 10/4/23 10/2/24 10/7/25
1PKR in Million2PKR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.06M
20.98x3.01x14.78x3.72% 271B
21.27x2.47x14.55x3.41% 78.19B
19.35x1.96x11.05x3.18% 53.75B
17.1x0.52x10.04x2.68% 37.01B
22.82x3.36x13.68x3.17% 36.95B
43.57x3.64x21.55x0.82% 36.55B
12.11x1.94x9.56x6.33% 30.08B
71.25x10.64x45.18x1.07% 29.56B
12.23x0.38x8.68x2.73% 20.66B
Average 26.74x 3.10x 16.56x 3.01% 59.34B
Weighted average by Cap. 23.89x 2.98x 15.50x 3.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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