Company Valuation: Sindh Modaraba

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 369.4 396 315 361.4 464 565.6
Change - 7.19% -20.45% 14.71% 28.39% 21.92%
Enterprise Value (EV) 1 -514.3 -79.52 -179.2 179.3 261.8 193.9
Change - 84.54% -125.31% 200.05% 46.04% -25.93%
P/E 3.42x 5.22x 4.75x 2.77x 2.3x 3.14x
PBR 0.23x 0.24x 0.19x 0.21x 0.25x 0.28x
PEG - -0.2x -0.4x 0x 0x -0.3x
Capitalization / Revenue 2.31x 3.17x 2.05x 1.28x 1.13x 1.63x
EV / Revenue -3.22x -0.64x -1.17x 0.64x 0.64x 0.56x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 1.35 1 1.2 1.25 1.25 1.35
Rate of return 16.4% 11.4% 17.1% 15.6% 12.1% 10.7%
EPS 2 2.397 1.685 1.474 2.898 4.474 4.003
Distribution rate 56.3% 59.3% 81.4% 43.1% 27.9% 33.7%
Net sales 1 159.9 124.7 153.8 282.2 410.2 346.6
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 107.9 75.82 66.31 130.4 201.3 180.1
Net Debt 1 -883.7 -475.5 -494.2 -182.1 -202.1 -371.7
Reference price 2 8.21 8.80 7.00 8.03 10.31 12.57
Nbr of stocks (in thousands) 45,000 45,000 45,000 45,000 45,000 45,000
Announcement Date 9/28/20 9/29/21 9/29/22 10/6/23 10/1/24 10/2/25
1PKR in Million2PKR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 3.74M
575x - - -.--% 33B
525x - - -.--% 16.91B
7.17x - - 4.21% 13.75B
12.27x4.28x15.1x3.58% 12.48B
14.98x - - 3.28% 11.99B
5.57x - - 5.5% 9.55B
17.32x - - 2.33% 8.55B
19.71x15.06x68.66x1.19% 8.02B
Average 147.13x 9.67x 41.88x 2.51% 12.69B
Weighted average by Cap. 250.71x 8.50x 36.06x 1.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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