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.($)
- - - - 2.97M
21.1x2.9x14.32x3.86% 259B
19.95x2.5x14.92x3.29% 79.91B
18.31x1.87x10.59x3.45% 50.74B
14.18x0.53x9.56x2.7% 36.91B
22.08x3.34x13.48x3.17% 36.64B
36.68x3.07x18.26x0.97% 31.45B
71.4x10.96x45.44x1.07% 31.2B
102.04x1.91x9.5x6.33% 30.03B
Average 38.22x 3.38x 17.01x 3.1% 61.72B
Weighted average by Cap. 28.37x 3.03x 15.41x 3.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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