Financials Wah Nobel Chemicals Limited

Equities

WAHN

PK0030901018

Commodity Chemicals

End-of-day quote Pakistan S.E. 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
194 PKR +1.85% Intraday chart for Wah Nobel Chemicals Limited +5.46% -0.99%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,935 2,176 1,712 2,412 1,621 1,466
Enterprise Value (EV) 1 2,226 2,845 2,340 2,919 2,199 1,679
P/E ratio 11.1 x 12.3 x 13.1 x 7.21 x 7.75 x 3.26 x
Yield 2.33% 1.65% 2.1% 3.73% 2.78% 6.14%
Capitalization / Revenue 1.15 x 0.96 x 0.88 x 0.89 x 0.49 x 0.33 x
EV / Revenue 1.32 x 1.26 x 1.2 x 1.07 x 0.66 x 0.38 x
EV / EBITDA 7.71 x 8.43 x 7.75 x 5.21 x 5.06 x 2 x
EV / FCF -55.2 x -8.81 x 30.3 x 24.4 x 223 x 4.2 x
FCF Yield -1.81% -11.4% 3.3% 4.1% 0.45% 23.8%
Price to Book 2.49 x 2.45 x 1.74 x 1.88 x 1.16 x 0.81 x
Nbr of stocks (in thousands) 9,000 9,000 9,000 9,000 9,000 9,000
Reference price 2 215.0 241.8 190.2 268.0 180.2 162.9
Announcement Date 10/5/18 10/7/19 11/5/20 10/7/21 10/7/22 10/4/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 1,681 2,263 1,950 2,724 3,310 4,383
EBITDA 1 288.7 337.7 301.8 560.4 434.5 841.4
EBIT 1 272.8 312.7 268.5 529.9 396.4 799.2
Operating Margin 16.23% 13.82% 13.77% 19.45% 11.98% 18.23%
Earnings before Tax (EBT) 1 249.5 249.6 182.9 470.9 313.1 668.8
Net income 1 174.1 176.5 130.3 334.4 209.1 449.2
Net margin 10.36% 7.8% 6.68% 12.28% 6.32% 10.25%
EPS 2 19.34 19.61 14.48 37.16 23.24 49.91
Free Cash Flow 1 -40.3 -323.1 77.27 119.6 9.861 400
FCF margin -2.4% -14.28% 3.96% 4.39% 0.3% 9.13%
FCF Conversion (EBITDA) - - 25.6% 21.34% 2.27% 47.55%
FCF Conversion (Net income) - - 59.3% 35.76% 4.72% 89.05%
Dividend per Share 2 5.000 4.000 4.000 10.00 5.000 10.00
Announcement Date 10/5/18 10/7/19 11/5/20 10/7/21 10/7/22 10/4/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 291 670 628 507 577 213
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.007 x 1.983 x 2.082 x 0.9048 x 1.329 x 0.2531 x
Free Cash Flow 1 -40.3 -323 77.3 120 9.86 400
ROE (net income / shareholders' equity) 24.2% 21.2% 13.9% 29.5% 15.6% 28%
ROA (Net income/ Total Assets) 14.6% 12.3% 9.15% 16.4% 10.3% 19.3%
Assets 1 1,195 1,439 1,424 2,041 2,038 2,326
Book Value Per Share 2 86.50 98.60 109.0 142.0 155.0 201.0
Cash Flow per Share 2 2.120 2.300 2.730 2.840 7.700 22.30
Capex 1 153 50.2 - 127 71.5 9.84
Capex / Sales 9.1% 2.22% - 4.65% 2.16% 0.22%
Announcement Date 10/5/18 10/7/19 11/5/20 10/7/21 10/7/22 10/4/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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