Company Valuation: Orient Rental Modaraba

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 487.5 525 551.2 451.5 522.8 768.8
Change - 7.69% 5% -18.1% 15.78% 47.06%
Enterprise Value (EV) 1 976.1 1,074 923.8 801.4 689.9 1,212
Change - 10.05% -13.99% -13.26% -13.92% 75.64%
P/E 16.1x 3.36x 3.24x 2.41x 2.39x 3.59x
PBR 0.59x 0.54x 0.52x 0.36x 0.37x 0.51x
PEG - 0x 0.37x 0.2x 0.1x -1.79x
Capitalization / Revenue 0.42x 0.39x 0.33x 0.26x 0.25x 0.31x
EV / Revenue 0.84x 0.79x 0.55x 0.45x 0.33x 0.49x
EV / EBITDA 3.15x 2.37x 1.66x 1.48x 1.18x 1.72x
EV / EBIT 6.64x 4.06x 2.78x 2.16x 1.61x 2.67x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.18 1 - 1 1.2 1.2
Rate of return 2.77% 14.3% - 16.6% 17.2% 11.7%
EPS 2 0.4041 2.086 2.268 2.5 2.912 2.853
Distribution rate 44.5% 47.9% - 40% 41.2% 42.1%
Net sales 1 1,161 1,351 1,689 1,762 2,122 2,457
EBITDA 1 310.3 452.5 555.7 540.1 586.1 703.9
EBIT 1 146.9 264.4 332.1 370.3 427.7 453.7
Net income 1 30.3 156.5 170.1 187.5 218.4 214
Net Debt 1 488.6 549.1 372.6 349.9 167.1 442.9
Reference price 2 6.50 7.00 7.35 6.02 6.97 10.25
Nbr of stocks (in thousands) 75,000 75,000 75,000 75,000 75,000 75,000
Announcement Date 10/5/20 10/6/21 10/5/22 10/4/23 10/3/24 10/6/25
1PKR in Million2PKR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.73M
9.03x7.56x8.77x1.13% 22.55B
11.6x4.21x45.53x2.92% 7.43B
8.32x9.11x9.7x4.68% 6.95B
17.76x7.46x11.85x1.49% 6.31B
27.66x3.76x9.26x1% 5.15B
3.15x - - - 2.53B
21.45x - - 3.69% 2.41B
Average 14.14x 6.42x 17.02x 2.48% 6.66B
Weighted average by Cap. 12.41x 6.85x 15.00x 2.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Orient Rental Modaraba
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