View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsEngro 将来の成長Future 基準チェック /06現在、 Engroの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Chemicals 収益成長27.5%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Sep 26Price target decreased by 7.9% to PK₨396Down from PK₨430, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨314. Stock is up 31% over the past year. The company posted earnings per share of PK₨38.60 last year.Price Target Changed • Jan 08Price target increased by 16% to PK₨404Up from PK₨349, the current price target is an average from 3 analysts. New target price is 28% above last closing price of PK₨315. Stock is up 12% over the past year. The company posted earnings per share of PK₨42.23 last year.Major Estimate Revision • Aug 06Consensus EPS estimates increase to PK₨51.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from PK₨265.1b to PK₨285.1b. EPS estimate increased from PK₨44.25 to PK₨51.18 per share. Net income forecast to shrink 6.0% next year vs 6.0% decline forecast for Chemicals industry in Pakistan. Consensus price target broadly unchanged at PK₨372. Share price was steady at PK₨294 over the past week.Major Estimate Revision • Mar 02Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from PK₨45.53 to PK₨52.44. No change was made to the revenue estimate which at the last update was PK₨277.2b. Net income is expected to grow by 19% next year compared to 8.9% decline forecast for the Chemicals industry in Pakistan. The consensus price target increased from PK₨364 to PK₨369. Share price stayed mostly flat at PK₨305 over the past week.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨380, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 9x in the Chemicals industry in Pakistan. Total returns to shareholders of 101% over the past three years.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨9.08 (vs PK₨22.69 in 3Q 2023)Third quarter 2024 results: EPS: PK₨9.08 (down from PK₨22.69 in 3Q 2023). Revenue: PK₨100.1b (down 27% from 3Q 2023). Net income: PK₨4.87b (down 60% from 3Q 2023). Profit margin: 4.9% (down from 8.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.Price Target Changed • Sep 26Price target decreased by 7.9% to PK₨396Down from PK₨430, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨314. Stock is up 31% over the past year. The company posted earnings per share of PK₨38.60 last year.Reported Earnings • Aug 24Second quarter 2024 earnings released: PK₨1.14 loss per share (vs PK₨11.03 profit in 2Q 2023)Second quarter 2024 results: PK₨1.14 loss per share (down from PK₨11.03 profit in 2Q 2023). Revenue: PK₨74.6b (down 29% from 2Q 2023). Net loss: PK₨611.0m (down 110% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • May 11New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 73% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Large one-off items impacting financial results.Declared Dividend • Apr 27Fourth quarter dividend reduced to PK₨11.00Dividend of PK₨11.00 is 73% lower than last year. Ex-date: 7th May 2024 Payment date: 30th May 2024 Dividend yield will be 5.1%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control, which is more than the 12% EPS growth achieved over the last 5 years.Upcoming Dividend • Apr 08Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 17 May 2024. Trailing yield: 13%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (10%).New Risk • Mar 12New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 72% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.お知らせ • Feb 01+ 1 more updateEngro Corporation Limited Announces Outgoing CEO, Ghias KhanEngro Corporation Limited announced the outgoing CEO, Mr. Ghias Khan. Mr. Khan is set to continue in his role until the end of his term, ensuring a smooth transition of leadership.Price Target Changed • Jan 08Price target increased by 16% to PK₨404Up from PK₨349, the current price target is an average from 3 analysts. New target price is 28% above last closing price of PK₨315. Stock is up 12% over the past year. The company posted earnings per share of PK₨42.23 last year.Board Change • Jan 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Shabbir Hashmi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 30Engro Corporation Limited Announces the Resignation of Mr. Mazhar A. Hasnani from Its Board of DirectorsEngro Corporation Limited has announced the resignation of Mr. Mazhar A. Hasnani from its Board of Directors, effective December 29, 2023. This departure marks a change in the composition of the board for one of Pakistan's leading conglomerates.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: PK₨22.68 (vs PK₨13.91 in 3Q 2022)Third quarter 2023 results: EPS: PK₨22.68 (up from PK₨13.91 in 3Q 2022). Revenue: PK₨136.8b (up 50% from 3Q 2022). Net income: PK₨12.2b (up 52% from 3Q 2022). Profit margin: 8.9% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Dominique Russo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 25Upcoming dividend of PK₨40.00 per share at 13% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (14%).Reported Earnings • Apr 22First quarter 2023 earnings released: EPS: PK₨8.18 (vs PK₨13.84 in 1Q 2022)First quarter 2023 results: EPS: PK₨8.18 (down from PK₨13.84 in 1Q 2022). Revenue: PK₨97.3b (up 10% from 1Q 2022). Net income: PK₨4.65b (down 42% from 1Q 2022). Profit margin: 4.8% (down from 9.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.Upcoming Dividend • Mar 14Upcoming dividend of PK₨1.00 per share at 11% yieldEligible shareholders must have bought the stock before 21 March 2023. Payment date: 20 April 2023. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (13%).Reported Earnings • Feb 19Full year 2022 earnings released: EPS: PK₨42.23 (vs PK₨48.45 in FY 2021)Full year 2022 results: EPS: PK₨42.23 (down from PK₨48.45 in FY 2021). Revenue: PK₨356.4b (up 14% from FY 2021). Net income: PK₨24.3b (down 13% from FY 2021). Profit margin: 6.8% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: PK₨13.91 (vs PK₨10.62 in 3Q 2021)Third quarter 2022 results: EPS: PK₨13.91 (up from PK₨10.62 in 3Q 2021). Revenue: PK₨91.3b (up 8.3% from 3Q 2021). Net income: PK₨8.02b (up 31% from 3Q 2021). Profit margin: 8.8% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Buying Opportunity • Sep 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be PK₨290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 20%.Upcoming Dividend • Mar 09Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 9.7%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (12%).Upcoming Dividend • Oct 27Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 03 November 2021. Payment date: 26 November 2021. Trailing yield: 9.1%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (11%).Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS PK₨10.62 (vs PK₨16.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: PK₨84.3b (up 12% from 3Q 2020). Net income: PK₨6.12b (down 34% from 3Q 2020). Profit margin: 7.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Oct 04Upcoming dividend of PK₨7.00 per shareEligible shareholders must have bought the stock before 11 October 2021. Payment date: 04 November 2021. Trailing yield: 9.2%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (11%).Major Estimate Revision • Aug 06Consensus EPS estimates increase to PK₨51.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from PK₨265.1b to PK₨285.1b. EPS estimate increased from PK₨44.25 to PK₨51.18 per share. Net income forecast to shrink 6.0% next year vs 6.0% decline forecast for Chemicals industry in Pakistan. Consensus price target broadly unchanged at PK₨372. Share price was steady at PK₨294 over the past week.Upcoming Dividend • Jun 05Upcoming dividend of PK₨12.00 per shareEligible shareholders must have bought the stock before 11 June 2021. Payment date: 06 July 2021. Trailing yield: 8.2%. Lower than top quartile of Pakistani dividend payers (8.4%). In line with average of industry peers (8.4%).Reported Earnings • Apr 24First quarter 2021 earnings released: EPS PK₨14.47 (vs PK₨5.76 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨70.9b (up 58% from 1Q 2020). Net income: PK₨8.34b (up 151% from 1Q 2020). Profit margin: 12% (up from 7.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 10Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 16 April 2021. Payment date: 18 May 2021. Trailing yield: 8.7%. Within top quartile of Pakistani dividend payers (8.7%). In line with average of industry peers (8.6%).Reported Earnings • Apr 04Full year 2020 earnings released: EPS PK₨44.05 (vs PK₨29.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: PK₨248.8b (up 10% from FY 2019). Net income: PK₨25.4b (up 51% from FY 2019). Profit margin: 10% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 02Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from PK₨45.53 to PK₨52.44. No change was made to the revenue estimate which at the last update was PK₨277.2b. Net income is expected to grow by 19% next year compared to 8.9% decline forecast for the Chemicals industry in Pakistan. The consensus price target increased from PK₨364 to PK₨369. Share price stayed mostly flat at PK₨305 over the past week.Reported Earnings • Feb 20Full year 2020 earnings released: EPS PK₨44.06 (vs PK₨28.70 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: PK₨248.8b (up 10% from FY 2019). Net income: PK₨25.4b (up 54% from FY 2019). Profit margin: 10% (up from 7.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 20Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 7.2%, compared to a 5.0% growth forecast for the Chemicals industry in Pakistan.Is New 90 Day High Low • Feb 12New 90-day low: PK₨302The company is down 1.0% from its price of PK₨305 on 13 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨93.96 per share.Is New 90 Day High Low • Jan 08New 90-day high: PK₨319The company is up 6.0% from its price of PK₨301 on 09 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨90.75 per share.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS PK₨16.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨75.3b (up 20% from 3Q 2019). Net income: PK₨9.29b (up 52% from 3Q 2019). Profit margin: 12% (up from 9.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Nov 06Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.4%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to stay flat compared to a 5.2% decline forecast for the Chemicals industry in Pakistan.Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨22.0b, up 40% from the prior year. Total revenue was PK₨260.9b over the last 12 months, up 27% from the prior year. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Engro は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測KASE:ENGRO - アナリストの将来予測と過去の財務データ ( )PKR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数9/30/2024511,65230,37152524,720N/A6/30/2024514,21627,92533,12261,537N/A3/31/2024514,71523,11053,63081,262N/A12/31/2023482,48921,02075,597106,963N/A9/30/2023337,5437,83261,311100,584N/A6/30/2023326,13413,420N/AN/AN/A3/31/2023340,16818,28929,97974,050N/A12/31/2022356,42824,33236,15176,881N/A9/30/2022356,74620,16937,39367,262N/A6/30/2022349,72318,272N/AN/AN/A3/31/2022329,05427,54736,15460,151N/A12/31/2021311,58727,91227,99748,574N/A9/30/2021289,90229,93941,46066,673N/A6/30/2021280,97433,10847,79168,094N/A3/31/2021274,71830,33152,99771,468N/A12/31/2020248,81825,38044,78263,392N/A9/30/2020260,76922,52423,12839,215N/A6/30/2020248,15119,349-5,38818,755N/A3/31/2020230,08416,207-7,95536,941N/A12/31/2019225,76516,833-7,36138,866N/A9/30/2019204,41715,681-2,24050,154N/A6/30/2019184,61313,425-7,08441,063N/A3/31/2019178,69112,524-7,77529,419N/A12/31/2018171,56812,708-7,64028,940N/A9/30/2018156,80512,440-13,86226,064N/A6/30/2018148,08411,721N/A41,527N/A3/31/2018139,54010,698N/A27,158N/A12/31/2017128,5939,407N/A21,120N/A9/30/2017170,11670,035N/A24,238N/A6/30/2017166,01169,327N/A20,046N/A3/31/2017157,93569,428N/A12,495N/A12/31/2016157,20869,107N/A4,070N/A9/30/2016117,68710,331N/A11,837N/A6/30/2016112,2438,151N/A-4,779N/A3/31/2016124,78510,637N/A11,295N/A12/31/2015131,81810,622N/A5,966N/A9/30/2015141,2168,844N/A2,702N/A6/30/2015161,43010,351N/A26,234N/A3/31/2015166,4867,573N/A24,386N/A12/31/2014175,9587,007N/A29,160N/A9/30/2014169,9936,340N/A19,852N/A6/30/2014166,0277,061N/A19,362N/A3/31/2014162,4138,034N/A24,354N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ENGROの予測収益成長が 貯蓄率 ( 12.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: ENGROの収益がPK市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: ENGROの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: ENGROの収益がPK市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: ENGROの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ENGROの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/01/23 21:38終値2025/01/03 00:00収益2024/09/30年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Engro Corporation Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関null nullAKD ResearchMuhammad JawaidArif Habib LimitedFarid AlianiBMA Capital Management Ltd.7 その他のアナリストを表示
Price Target Changed • Sep 26Price target decreased by 7.9% to PK₨396Down from PK₨430, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨314. Stock is up 31% over the past year. The company posted earnings per share of PK₨38.60 last year.
Price Target Changed • Jan 08Price target increased by 16% to PK₨404Up from PK₨349, the current price target is an average from 3 analysts. New target price is 28% above last closing price of PK₨315. Stock is up 12% over the past year. The company posted earnings per share of PK₨42.23 last year.
Major Estimate Revision • Aug 06Consensus EPS estimates increase to PK₨51.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from PK₨265.1b to PK₨285.1b. EPS estimate increased from PK₨44.25 to PK₨51.18 per share. Net income forecast to shrink 6.0% next year vs 6.0% decline forecast for Chemicals industry in Pakistan. Consensus price target broadly unchanged at PK₨372. Share price was steady at PK₨294 over the past week.
Major Estimate Revision • Mar 02Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from PK₨45.53 to PK₨52.44. No change was made to the revenue estimate which at the last update was PK₨277.2b. Net income is expected to grow by 19% next year compared to 8.9% decline forecast for the Chemicals industry in Pakistan. The consensus price target increased from PK₨364 to PK₨369. Share price stayed mostly flat at PK₨305 over the past week.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨380, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 9x in the Chemicals industry in Pakistan. Total returns to shareholders of 101% over the past three years.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: PK₨9.08 (vs PK₨22.69 in 3Q 2023)Third quarter 2024 results: EPS: PK₨9.08 (down from PK₨22.69 in 3Q 2023). Revenue: PK₨100.1b (down 27% from 3Q 2023). Net income: PK₨4.87b (down 60% from 3Q 2023). Profit margin: 4.9% (down from 8.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.
Price Target Changed • Sep 26Price target decreased by 7.9% to PK₨396Down from PK₨430, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨314. Stock is up 31% over the past year. The company posted earnings per share of PK₨38.60 last year.
Reported Earnings • Aug 24Second quarter 2024 earnings released: PK₨1.14 loss per share (vs PK₨11.03 profit in 2Q 2023)Second quarter 2024 results: PK₨1.14 loss per share (down from PK₨11.03 profit in 2Q 2023). Revenue: PK₨74.6b (down 29% from 2Q 2023). Net loss: PK₨611.0m (down 110% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • May 11New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 73% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Large one-off items impacting financial results.
Declared Dividend • Apr 27Fourth quarter dividend reduced to PK₨11.00Dividend of PK₨11.00 is 73% lower than last year. Ex-date: 7th May 2024 Payment date: 30th May 2024 Dividend yield will be 5.1%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control, which is more than the 12% EPS growth achieved over the last 5 years.
Upcoming Dividend • Apr 08Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 15 April 2024. Payment date: 17 May 2024. Trailing yield: 13%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (10%).
New Risk • Mar 12New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 72% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
お知らせ • Feb 01+ 1 more updateEngro Corporation Limited Announces Outgoing CEO, Ghias KhanEngro Corporation Limited announced the outgoing CEO, Mr. Ghias Khan. Mr. Khan is set to continue in his role until the end of his term, ensuring a smooth transition of leadership.
Price Target Changed • Jan 08Price target increased by 16% to PK₨404Up from PK₨349, the current price target is an average from 3 analysts. New target price is 28% above last closing price of PK₨315. Stock is up 12% over the past year. The company posted earnings per share of PK₨42.23 last year.
Board Change • Jan 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Shabbir Hashmi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 30Engro Corporation Limited Announces the Resignation of Mr. Mazhar A. Hasnani from Its Board of DirectorsEngro Corporation Limited has announced the resignation of Mr. Mazhar A. Hasnani from its Board of Directors, effective December 29, 2023. This departure marks a change in the composition of the board for one of Pakistan's leading conglomerates.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: PK₨22.68 (vs PK₨13.91 in 3Q 2022)Third quarter 2023 results: EPS: PK₨22.68 (up from PK₨13.91 in 3Q 2022). Revenue: PK₨136.8b (up 50% from 3Q 2022). Net income: PK₨12.2b (up 52% from 3Q 2022). Profit margin: 8.9% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.
Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Dominique Russo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 25Upcoming dividend of PK₨40.00 per share at 13% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (13%). In line with average of industry peers (14%).
Reported Earnings • Apr 22First quarter 2023 earnings released: EPS: PK₨8.18 (vs PK₨13.84 in 1Q 2022)First quarter 2023 results: EPS: PK₨8.18 (down from PK₨13.84 in 1Q 2022). Revenue: PK₨97.3b (up 10% from 1Q 2022). Net income: PK₨4.65b (down 42% from 1Q 2022). Profit margin: 4.8% (down from 9.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
Upcoming Dividend • Mar 14Upcoming dividend of PK₨1.00 per share at 11% yieldEligible shareholders must have bought the stock before 21 March 2023. Payment date: 20 April 2023. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (13%).
Reported Earnings • Feb 19Full year 2022 earnings released: EPS: PK₨42.23 (vs PK₨48.45 in FY 2021)Full year 2022 results: EPS: PK₨42.23 (down from PK₨48.45 in FY 2021). Revenue: PK₨356.4b (up 14% from FY 2021). Net income: PK₨24.3b (down 13% from FY 2021). Profit margin: 6.8% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: PK₨13.91 (vs PK₨10.62 in 3Q 2021)Third quarter 2022 results: EPS: PK₨13.91 (up from PK₨10.62 in 3Q 2021). Revenue: PK₨91.3b (up 8.3% from 3Q 2021). Net income: PK₨8.02b (up 31% from 3Q 2021). Profit margin: 8.8% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Buying Opportunity • Sep 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be PK₨290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 20%.
Upcoming Dividend • Mar 09Upcoming dividend of PK₨1.00 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 9.7%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (12%).
Upcoming Dividend • Oct 27Upcoming dividend of PK₨5.00 per shareEligible shareholders must have bought the stock before 03 November 2021. Payment date: 26 November 2021. Trailing yield: 9.1%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (11%).
Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS PK₨10.62 (vs PK₨16.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: PK₨84.3b (up 12% from 3Q 2020). Net income: PK₨6.12b (down 34% from 3Q 2020). Profit margin: 7.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Oct 04Upcoming dividend of PK₨7.00 per shareEligible shareholders must have bought the stock before 11 October 2021. Payment date: 04 November 2021. Trailing yield: 9.2%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (11%).
Major Estimate Revision • Aug 06Consensus EPS estimates increase to PK₨51.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from PK₨265.1b to PK₨285.1b. EPS estimate increased from PK₨44.25 to PK₨51.18 per share. Net income forecast to shrink 6.0% next year vs 6.0% decline forecast for Chemicals industry in Pakistan. Consensus price target broadly unchanged at PK₨372. Share price was steady at PK₨294 over the past week.
Upcoming Dividend • Jun 05Upcoming dividend of PK₨12.00 per shareEligible shareholders must have bought the stock before 11 June 2021. Payment date: 06 July 2021. Trailing yield: 8.2%. Lower than top quartile of Pakistani dividend payers (8.4%). In line with average of industry peers (8.4%).
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS PK₨14.47 (vs PK₨5.76 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨70.9b (up 58% from 1Q 2020). Net income: PK₨8.34b (up 151% from 1Q 2020). Profit margin: 12% (up from 7.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 10Upcoming dividend of PK₨2.00 per shareEligible shareholders must have bought the stock before 16 April 2021. Payment date: 18 May 2021. Trailing yield: 8.7%. Within top quartile of Pakistani dividend payers (8.7%). In line with average of industry peers (8.6%).
Reported Earnings • Apr 04Full year 2020 earnings released: EPS PK₨44.05 (vs PK₨29.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: PK₨248.8b (up 10% from FY 2019). Net income: PK₨25.4b (up 51% from FY 2019). Profit margin: 10% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 02Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from PK₨45.53 to PK₨52.44. No change was made to the revenue estimate which at the last update was PK₨277.2b. Net income is expected to grow by 19% next year compared to 8.9% decline forecast for the Chemicals industry in Pakistan. The consensus price target increased from PK₨364 to PK₨369. Share price stayed mostly flat at PK₨305 over the past week.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS PK₨44.06 (vs PK₨28.70 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: PK₨248.8b (up 10% from FY 2019). Net income: PK₨25.4b (up 54% from FY 2019). Profit margin: 10% (up from 7.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 20Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 7.2%, compared to a 5.0% growth forecast for the Chemicals industry in Pakistan.
Is New 90 Day High Low • Feb 12New 90-day low: PK₨302The company is down 1.0% from its price of PK₨305 on 13 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨93.96 per share.
Is New 90 Day High Low • Jan 08New 90-day high: PK₨319The company is up 6.0% from its price of PK₨301 on 09 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨90.75 per share.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS PK₨16.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: PK₨75.3b (up 20% from 3Q 2019). Net income: PK₨9.29b (up 52% from 3Q 2019). Profit margin: 12% (up from 9.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Nov 06Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.4%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to stay flat compared to a 5.2% decline forecast for the Chemicals industry in Pakistan.
Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨22.0b, up 40% from the prior year. Total revenue was PK₨260.9b over the last 12 months, up 27% from the prior year.