View ValuationAttock Petroleum 향후 성장Future 기준 점검 0/6Attock Petroleum 의 수익은 연간 45.8% 감소할 것으로 예상되는 반면, 연간 수익은 5.2% 로 증가할 것으로 예상됩니다. EPS는 연간 40.6% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-45.8%이익 성장률-40.65%EPS 성장률Oil and Gas 이익 성장5.3%매출 성장률5.2%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트23 May 2026최근 향후 성장 업데이트Price Target Changed • Jun 10Price target increased by 8.7% to PK₨702Up from PK₨646, the current price target is an average from 5 analysts. New target price is 32% above last closing price of PK₨530. Stock is up 12% over the past year. The company is forecast to post earnings per share of PK₨136 for next year compared to PK₨83.53 last year.Price Target Changed • May 19Price target increased by 12% to PK₨630Up from PK₨563, the current price target is an average from 3 analysts. New target price is 39% above last closing price of PK₨454. Stock is up 16% over the past year. The company is forecast to post earnings per share of PK₨74.90 for next year compared to PK₨111 last year.Major Estimate Revision • Sep 06Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from PK₨76.60 to PK₨90.90. Revenue forecast unchanged at PK₨697.0b. Net income forecast to shrink 17% next year vs 6.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target of PK₨495 unchanged from last update. Share price fell 7.0% to PK₨414 over the past week.Price Target Changed • Mar 28Price target increased by 10% to PK₨481Up from PK₨437, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨382. Stock is up 30% over the past year. The company is forecast to post earnings per share of PK₨106 for next year compared to PK₨100 last year.Price Target Changed • Nov 20Price target increased by 10% to PK₨437Up from PK₨396, the current price target is an average from 5 analysts. New target price is 18% above last closing price of PK₨369. Stock is up 14% over the past year. The company is forecast to post earnings per share of PK₨111 for next year compared to PK₨100 last year.Major Estimate Revision • Oct 11Consensus EPS estimates increase by 61%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from PK₨68.63 to PK₨111. Revenue forecast unchanged at PK₨508.4b. Net income forecast to shrink 33% next year vs 3.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target up from PK₨396 to PK₨410. Share price rose 8.8% to PK₨321 over the past week.모든 업데이트 보기Recent updatesPrice Target Changed • Jun 10Price target increased by 8.7% to PK₨702Up from PK₨646, the current price target is an average from 5 analysts. New target price is 32% above last closing price of PK₨530. Stock is up 12% over the past year. The company is forecast to post earnings per share of PK₨136 for next year compared to PK₨83.53 last year.New Risk • May 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 36% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: PK₨67.07 (up from PK₨20.70 in 3Q 2025). Revenue: PK₨129.0b (up 12% from 3Q 2025). Net income: PK₨8.34b (up 224% from 3Q 2025). Profit margin: 6.5% (up from 2.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공고 • Apr 02Attock Petroleum Limited to Report Q3, 2026 Results on Apr 10, 2026Attock Petroleum Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 10, 2026Reported Earnings • Feb 26Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: PK₨20.97 (down from PK₨22.01 in 2Q 2025). Revenue: PK₨122.9b (up 3.2% from 2Q 2025). Net income: PK₨2.61b (down 4.7% from 2Q 2025). Profit margin: 2.1% (down from 2.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.공고 • Feb 12Attock Petroleum Limited to Report First Half, 2026 Results on Feb 23, 2026Attock Petroleum Limited announced that they will report first half, 2026 results on Feb 23, 2026Buy Or Sell Opportunity • Jan 23Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to PK₨622. The fair value is estimated to be PK₨510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 2.4% in a year. Earnings are forecast to decline by 13% in the next year.New Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Oct 17Attock Petroleum Limited to Report Q1, 2026 Results on Oct 27, 2025Attock Petroleum Limited announced that they will report Q1, 2026 results on Oct 27, 2025Declared Dividend • Oct 16Final dividend of PK₨13.00 announcedShareholders will receive a dividend of PK₨13.00. Ex-date: 17th October 2025 Payment date: 17th November 2025 Dividend yield will be 4.6%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 07Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024)Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 30Upcoming dividend of PK₨13.00 per shareEligible shareholders must have bought the stock before 07 October 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Pakistani dividend payers (7.5%). Higher than average of industry peers (4.4%).Reported Earnings • Aug 14Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024)Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Declared Dividend • Aug 13Dividend of PK₨13.00 announcedShareholders will receive a dividend of PK₨13.00. Ex-date: 7th October 2025 Payment date: 5th November 2025 Dividend yield will be 4.9%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.공고 • Aug 12Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025. Location: at attock house, morgah, rawalpindi PakistanPrice Target Changed • May 19Price target increased by 12% to PK₨630Up from PK₨563, the current price target is an average from 3 analysts. New target price is 39% above last closing price of PK₨454. Stock is up 16% over the past year. The company is forecast to post earnings per share of PK₨74.90 for next year compared to PK₨111 last year.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨461, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 7x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 143% over the past three years.Reported Earnings • Apr 30Third quarter 2025 earnings released: EPS: PK₨20.70 (vs PK₨23.96 in 3Q 2024)Third quarter 2025 results: EPS: PK₨20.70 (down from PK₨23.96 in 3Q 2024). Revenue: PK₨114.9b (down 7.2% from 3Q 2024). Net income: PK₨2.58b (down 14% from 3Q 2024). Profit margin: 2.2% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Declared Dividend • Jan 29First half dividend increased to PK₨12.50Dividend of PK₨12.50 is 25% higher than last year. Ex-date: 6th February 2025 Payment date: 3rd March 2025 Dividend yield will be 6.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to PK₨533, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 207% over the past three years.Reported Earnings • Sep 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: PK₨111 (up from PK₨100 in FY 2023). Revenue: PK₨526.3b (up 11% from FY 2023). Net income: PK₨13.8b (up 11% from FY 2023). Profit margin: 2.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.Upcoming Dividend • Sep 27Upcoming dividend of PK₨17.50 per shareEligible shareholders must have bought the stock before 04 October 2024. Payment date: 04 November 2024. Trailing yield: 6.7%. Lower than top quartile of Pakistani dividend payers (12%). In line with average of industry peers (7.2%).Buy Or Sell Opportunity • Sep 06Now 20% undervaluedOver the last 90 days, the stock has risen 4.2% to PK₨414. The fair value is estimated to be PK₨515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.Major Estimate Revision • Sep 06Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from PK₨76.60 to PK₨90.90. Revenue forecast unchanged at PK₨697.0b. Net income forecast to shrink 17% next year vs 6.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target of PK₨495 unchanged from last update. Share price fell 7.0% to PK₨414 over the past week.공고 • Sep 04Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024. Location: at attock house., morgah, rawalpindi PakistanNew Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Price Target Changed • Mar 28Price target increased by 10% to PK₨481Up from PK₨437, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨382. Stock is up 30% over the past year. The company is forecast to post earnings per share of PK₨106 for next year compared to PK₨100 last year.Price Target Changed • Nov 20Price target increased by 10% to PK₨437Up from PK₨396, the current price target is an average from 5 analysts. New target price is 18% above last closing price of PK₨369. Stock is up 14% over the past year. The company is forecast to post earnings per share of PK₨111 for next year compared to PK₨100 last year.New Risk • Oct 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.8% net profit margin).Major Estimate Revision • Oct 11Consensus EPS estimates increase by 61%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from PK₨68.63 to PK₨111. Revenue forecast unchanged at PK₨508.4b. Net income forecast to shrink 33% next year vs 3.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target up from PK₨396 to PK₨410. Share price rose 8.8% to PK₨321 over the past week.Upcoming Dividend • Sep 21Upcoming dividend of PK₨15.00 per share at 9.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (8.0%).Reported Earnings • Sep 20Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: PK₨100 (down from PK₨149 in FY 2022). Revenue: PK₨473.9b (up 28% from FY 2022). Net income: PK₨12.5b (down 33% from FY 2022). Profit margin: 2.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 2.3% decline forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공고 • Sep 17Attock Petroleum Limited Announces Company Secretary ChangesAttock Petroleum Limited undergone a change in its corporate leadership. Mr. Faizan Zafar has ceased to hold the position of Company Secretary at the company, effective September 15, 2023. In his stead, Mr. Sabih Ul Haq Qureshi has been appointed as the new Company Secretary.Major Estimate Revision • Jun 27Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from PK₨520.5b to PK₨474.0b. EPS estimate rose from PK₨69.55 to PK₨77.45. Net income forecast to shrink 47% next year vs 4.2% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨395. Share price was steady at PK₨300 over the past week.Upcoming Dividend • Mar 02Upcoming dividend of PK₨12.50 per share at 12% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (9.2%).Major Estimate Revision • Feb 24Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from PK₨494.3b to PK₨520.5b. EPS estimate increased from PK₨60.23 to PK₨68.20 per share. Net income forecast to shrink 55% next year vs 18% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨398. Share price was steady at PK₨303 over the past week.Major Estimate Revision • Jan 04Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from PK₨513.0b to PK₨494.3b. EPS estimate also fell from PK₨73.00 per share to PK₨57.30 per share. Net income forecast to shrink 64% next year vs 13% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨384. Share price rose 2.9% to PK₨296 over the past week.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Oct 29Consensus EPS estimates increase by 90%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from PK₨450.7b to PK₨480.5b. EPS estimate increased from PK₨49.04 to PK₨93.40 per share. Net income forecast to shrink 37% next year vs 33% growth forecast for Oil and Gas industry in Pakistan . Consensus price target up from PK₨343 to PK₨360. Share price was steady at PK₨281 over the past week.Upcoming Dividend • Sep 05Upcoming dividend of PK₨30.00 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (8.7%).Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from PK₨326.4b to PK₨346.8b. EPS estimate fell from PK₨73.85 to PK₨52.25 per share. Net income forecast to shrink 27% next year vs 1.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨417. Share price rose 6.5% to PK₨387 over the past week.Major Estimate Revision • Apr 27Consensus revenue estimates increase by 17%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨80.60 per share. Net income forecast to grow 1.2% next year vs 14% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨424. Share price fell 4.9% to PK₨315 over the past week.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Apr 21Consensus revenue estimates increase by 17%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨51.85 per share. Net income forecast to grow 1.2% next year vs 4.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨425. Share price rose 9.8% to PK₨332 over the past week.Major Estimate Revision • Feb 08Consensus EPS estimates increase by 32%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨64.27 per share. Net income forecast to grow 48% next year vs 23% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨420. Share price rose 3.6% to PK₨351 over the past week.Major Estimate Revision • Feb 04Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨54.23 per share. Net income forecast to grow 0.8% next year vs 7.5% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨418. Share price rose 4.1% to PK₨340 over the past week.Reported Earnings • Oct 23First quarter 2022 earnings released: EPS PK₨24.00 (vs PK₨14.92 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: PK₨72.8b (up 61% from 1Q 2021). Net income: PK₨2.39b (up 61% from 1Q 2021). Profit margin: 3.3% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.Upcoming Dividend • Sep 07Upcoming dividend of PK₨24.50 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 13 October 2021. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (9.3%). In line with average of industry peers (7.6%).Reported Earnings • Aug 13Full year 2021 earnings released: EPS PK₨49.43 (vs PK₨10.13 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨188.6b (down 6.2% from FY 2020). Net income: PK₨4.92b (up 388% from FY 2020). Profit margin: 2.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from PK₨220.0b to PK₨207.2b. EPS estimate rose from PK₨43.30 to PK₨48.40. Net income forecast to grow 30% next year vs 18% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨405. Share price was steady at PK₨332 over the past week.Reported Earnings • Apr 29Third quarter 2021 earnings released: EPS PK₨15.25 (vs PK₨7.14 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨45.7b (down 8.7% from 3Q 2020). Net income: PK₨1.52b (up PK₨2.23b from 3Q 2020). Profit margin: 3.3% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.공고 • Mar 17+ 2 more updatesAttock Petroleum Limited Announces Board ChangesAttock Petroleum Limited informed Pakistan Stock Exchange that Mr. Babar Bashir Nawaz and Mr. M. Adil Khattak have been appointed as Alternate Directors with effect from March 10, 2021 in place of Mr. Laith G. Pharaoun and Mr. Wael G. Pharaoun.Is New 90 Day High Low • Mar 11New 90-day low: PK₨315The company is down 4.0% from its price of PK₨327 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨111 per share.Executive Departure • Mar 07Independent Non Executive Director has left the companyOn the 3rd of March, Javed Khan's tenure as Independent Non Executive Director ended after 3.0 years in the role. As of December 2020, Javed personally held only 60.00 shares (PK₨20k worth at the time). Javed is the only executive to leave the company over the last 12 months.Reported Earnings • Jan 28Second quarter 2021 earnings released: EPS PK₨6.64 (vs PK₨3.57 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨44.9b (down 21% from 2Q 2020). Net income: PK₨660.8m (up 86% from 2Q 2020). Profit margin: 1.5% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Jan 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.09%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 5.7%, compared to a 10% growth forecast for the Oil and Gas industry in Pakistan.Price Target Changed • Jan 19Price target raised to PK₨398Up from PK₨371, the current price target is an average from 2 analysts. The new target price is 8.9% above the current share price of PK₨365. As of last close, the stock is down 3.1% over the past year.Is New 90 Day High Low • Jan 15New 90-day high: PK₨376The company is up 9.0% from its price of PK₨345 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨88.88 per share.Is New 90 Day High Low • Nov 03New 90-day low: PK₨308The company is down 11% from its price of PK₨346 on 05 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 13% over the same period.Reported Earnings • Oct 29First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 29Annual earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92.Reported Earnings • Oct 21First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 21Annual earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92.Upcoming Dividend • Oct 02Upcoming Dividend of PK₨4.00 Per ShareWill be paid on the 10th of November to those who are registered shareholders by the 9th of October. The trailing yield of 2.3% is below the top quartile of Pakistani dividend payers (7.7%), and is lower than industry peers (4.6%).Reported Earnings • Sep 30Full year earnings released - EPS PK₨10.13Over the last 12 months the company has reported total profits of PK₨1.01b, down 75% from the prior year. Total revenue was PK₨201.1b over the last 12 months, down 9.9% from the prior year. Profit margins were 0.5%, which is lower than the 1.8% margin from last year. The decrease in margin was driven by lower revenue.이익 및 매출 성장 예측KASE:APL - 애널리스트 향후 추정치 및 과거 재무 데이터 (PKR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/2027532,1459,363N/AN/A16/30/2026517,26916,526N/AN/A33/31/2026497,01517,4588,1529,917N/A12/31/2025482,92511,6898,85410,408N/A9/30/2025479,16311,81910,50712,107N/A6/30/2025474,09710,39311,52313,502N/A3/31/2025477,37410,74010,23712,105N/A12/31/2024486,22411,1451,9824,189N/A9/30/2024502,59510,9472,5163,540N/A6/30/2024526,31713,822-10,474-7,761N/A3/31/2024518,78213,40515,85418,786N/A12/31/2023508,07114,72215,73119,022N/A9/30/2023486,44613,4317,63612,417N/A6/30/2023473,93812,46134,60337,354N/A3/31/2023479,87417,12618,95121,375N/A12/31/2022453,57617,46610,46912,292N/A9/30/2022421,16920,43820,10221,447N/A6/30/2022370,07518,536-1,802-553N/A3/31/2022293,98312,503-5,052-3,984N/A12/31/2021252,9529,38210,10711,312N/A9/30/2021216,3685,8228,3889,967N/A6/30/2021188,6454,9204,0345,632N/A3/31/2021170,4603,8026,8818,773N/A12/31/2020174,7931,574-1,107933N/A9/30/2020186,9861,269-3,089-1,308N/A6/30/2020201,0791,0085,2797,415N/A3/31/2020224,9242,443-1692,295N/A12/31/2019223,7833,438N/A6,358N/A9/30/2019224,6123,638N/A2,900N/A6/30/2019223,0543,961N/A2,998N/A3/31/2019219,9163,780N/A-1,059N/A12/31/2018216,1484,949N/A2,458N/A9/30/2018196,3365,874N/A2,092N/A6/30/2018177,2175,656N/A-1,030N/A3/31/2018164,2365,204N/A1,588N/A12/31/2017153,7614,953N/A2,442N/A9/30/2017145,6905,066N/A1,466N/A6/30/2017138,6615,299N/A4,848N/A3/31/2017121,0935,811N/A4,491N/A12/31/2016109,8875,345N/A1,290N/A9/30/2016109,3354,700N/A7,021N/A6/30/2016109,2343,829N/A3,700N/A3/31/2016121,4243,711N/A3,274N/A12/31/2015132,4193,460N/A9,847N/A9/30/2015147,7842,719N/A6,877N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: APL 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -45.8%).수익 vs 시장: APL 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -45.8%).고성장 수익: APL 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: APL 의 수익(연간 5.2%)이 PK 시장(연간 8.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: APL 의 수익(연간 5.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: APL의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/28 07:50종가2026/07/28 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Attock Petroleum Limited는 11명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullAKD ResearchMuhammad AliAKD Researchnull nullArif Habib Limited8명의 분석가 더 보기
Price Target Changed • Jun 10Price target increased by 8.7% to PK₨702Up from PK₨646, the current price target is an average from 5 analysts. New target price is 32% above last closing price of PK₨530. Stock is up 12% over the past year. The company is forecast to post earnings per share of PK₨136 for next year compared to PK₨83.53 last year.
Price Target Changed • May 19Price target increased by 12% to PK₨630Up from PK₨563, the current price target is an average from 3 analysts. New target price is 39% above last closing price of PK₨454. Stock is up 16% over the past year. The company is forecast to post earnings per share of PK₨74.90 for next year compared to PK₨111 last year.
Major Estimate Revision • Sep 06Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from PK₨76.60 to PK₨90.90. Revenue forecast unchanged at PK₨697.0b. Net income forecast to shrink 17% next year vs 6.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target of PK₨495 unchanged from last update. Share price fell 7.0% to PK₨414 over the past week.
Price Target Changed • Mar 28Price target increased by 10% to PK₨481Up from PK₨437, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨382. Stock is up 30% over the past year. The company is forecast to post earnings per share of PK₨106 for next year compared to PK₨100 last year.
Price Target Changed • Nov 20Price target increased by 10% to PK₨437Up from PK₨396, the current price target is an average from 5 analysts. New target price is 18% above last closing price of PK₨369. Stock is up 14% over the past year. The company is forecast to post earnings per share of PK₨111 for next year compared to PK₨100 last year.
Major Estimate Revision • Oct 11Consensus EPS estimates increase by 61%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from PK₨68.63 to PK₨111. Revenue forecast unchanged at PK₨508.4b. Net income forecast to shrink 33% next year vs 3.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target up from PK₨396 to PK₨410. Share price rose 8.8% to PK₨321 over the past week.
Price Target Changed • Jun 10Price target increased by 8.7% to PK₨702Up from PK₨646, the current price target is an average from 5 analysts. New target price is 32% above last closing price of PK₨530. Stock is up 12% over the past year. The company is forecast to post earnings per share of PK₨136 for next year compared to PK₨83.53 last year.
New Risk • May 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 36% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: PK₨67.07 (up from PK₨20.70 in 3Q 2025). Revenue: PK₨129.0b (up 12% from 3Q 2025). Net income: PK₨8.34b (up 224% from 3Q 2025). Profit margin: 6.5% (up from 2.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공고 • Apr 02Attock Petroleum Limited to Report Q3, 2026 Results on Apr 10, 2026Attock Petroleum Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 10, 2026
Reported Earnings • Feb 26Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: PK₨20.97 (down from PK₨22.01 in 2Q 2025). Revenue: PK₨122.9b (up 3.2% from 2Q 2025). Net income: PK₨2.61b (down 4.7% from 2Q 2025). Profit margin: 2.1% (down from 2.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
공고 • Feb 12Attock Petroleum Limited to Report First Half, 2026 Results on Feb 23, 2026Attock Petroleum Limited announced that they will report first half, 2026 results on Feb 23, 2026
Buy Or Sell Opportunity • Jan 23Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to PK₨622. The fair value is estimated to be PK₨510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 2.4% in a year. Earnings are forecast to decline by 13% in the next year.
New Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Oct 17Attock Petroleum Limited to Report Q1, 2026 Results on Oct 27, 2025Attock Petroleum Limited announced that they will report Q1, 2026 results on Oct 27, 2025
Declared Dividend • Oct 16Final dividend of PK₨13.00 announcedShareholders will receive a dividend of PK₨13.00. Ex-date: 17th October 2025 Payment date: 17th November 2025 Dividend yield will be 4.6%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 07Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024)Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 30Upcoming dividend of PK₨13.00 per shareEligible shareholders must have bought the stock before 07 October 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Pakistani dividend payers (7.5%). Higher than average of industry peers (4.4%).
Reported Earnings • Aug 14Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024)Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Declared Dividend • Aug 13Dividend of PK₨13.00 announcedShareholders will receive a dividend of PK₨13.00. Ex-date: 7th October 2025 Payment date: 5th November 2025 Dividend yield will be 4.9%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.
공고 • Aug 12Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025. Location: at attock house, morgah, rawalpindi Pakistan
Price Target Changed • May 19Price target increased by 12% to PK₨630Up from PK₨563, the current price target is an average from 3 analysts. New target price is 39% above last closing price of PK₨454. Stock is up 16% over the past year. The company is forecast to post earnings per share of PK₨74.90 for next year compared to PK₨111 last year.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to PK₨461, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 7x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 143% over the past three years.
Reported Earnings • Apr 30Third quarter 2025 earnings released: EPS: PK₨20.70 (vs PK₨23.96 in 3Q 2024)Third quarter 2025 results: EPS: PK₨20.70 (down from PK₨23.96 in 3Q 2024). Revenue: PK₨114.9b (down 7.2% from 3Q 2024). Net income: PK₨2.58b (down 14% from 3Q 2024). Profit margin: 2.2% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Declared Dividend • Jan 29First half dividend increased to PK₨12.50Dividend of PK₨12.50 is 25% higher than last year. Ex-date: 6th February 2025 Payment date: 3rd March 2025 Dividend yield will be 6.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to PK₨533, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 207% over the past three years.
Reported Earnings • Sep 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: PK₨111 (up from PK₨100 in FY 2023). Revenue: PK₨526.3b (up 11% from FY 2023). Net income: PK₨13.8b (up 11% from FY 2023). Profit margin: 2.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.
Upcoming Dividend • Sep 27Upcoming dividend of PK₨17.50 per shareEligible shareholders must have bought the stock before 04 October 2024. Payment date: 04 November 2024. Trailing yield: 6.7%. Lower than top quartile of Pakistani dividend payers (12%). In line with average of industry peers (7.2%).
Buy Or Sell Opportunity • Sep 06Now 20% undervaluedOver the last 90 days, the stock has risen 4.2% to PK₨414. The fair value is estimated to be PK₨515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
Major Estimate Revision • Sep 06Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from PK₨76.60 to PK₨90.90. Revenue forecast unchanged at PK₨697.0b. Net income forecast to shrink 17% next year vs 6.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target of PK₨495 unchanged from last update. Share price fell 7.0% to PK₨414 over the past week.
공고 • Sep 04Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024. Location: at attock house., morgah, rawalpindi Pakistan
New Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Price Target Changed • Mar 28Price target increased by 10% to PK₨481Up from PK₨437, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨382. Stock is up 30% over the past year. The company is forecast to post earnings per share of PK₨106 for next year compared to PK₨100 last year.
Price Target Changed • Nov 20Price target increased by 10% to PK₨437Up from PK₨396, the current price target is an average from 5 analysts. New target price is 18% above last closing price of PK₨369. Stock is up 14% over the past year. The company is forecast to post earnings per share of PK₨111 for next year compared to PK₨100 last year.
New Risk • Oct 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Major Estimate Revision • Oct 11Consensus EPS estimates increase by 61%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from PK₨68.63 to PK₨111. Revenue forecast unchanged at PK₨508.4b. Net income forecast to shrink 33% next year vs 3.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target up from PK₨396 to PK₨410. Share price rose 8.8% to PK₨321 over the past week.
Upcoming Dividend • Sep 21Upcoming dividend of PK₨15.00 per share at 9.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (8.0%).
Reported Earnings • Sep 20Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: PK₨100 (down from PK₨149 in FY 2022). Revenue: PK₨473.9b (up 28% from FY 2022). Net income: PK₨12.5b (down 33% from FY 2022). Profit margin: 2.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 2.3% decline forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공고 • Sep 17Attock Petroleum Limited Announces Company Secretary ChangesAttock Petroleum Limited undergone a change in its corporate leadership. Mr. Faizan Zafar has ceased to hold the position of Company Secretary at the company, effective September 15, 2023. In his stead, Mr. Sabih Ul Haq Qureshi has been appointed as the new Company Secretary.
Major Estimate Revision • Jun 27Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from PK₨520.5b to PK₨474.0b. EPS estimate rose from PK₨69.55 to PK₨77.45. Net income forecast to shrink 47% next year vs 4.2% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨395. Share price was steady at PK₨300 over the past week.
Upcoming Dividend • Mar 02Upcoming dividend of PK₨12.50 per share at 12% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (9.2%).
Major Estimate Revision • Feb 24Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from PK₨494.3b to PK₨520.5b. EPS estimate increased from PK₨60.23 to PK₨68.20 per share. Net income forecast to shrink 55% next year vs 18% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨398. Share price was steady at PK₨303 over the past week.
Major Estimate Revision • Jan 04Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from PK₨513.0b to PK₨494.3b. EPS estimate also fell from PK₨73.00 per share to PK₨57.30 per share. Net income forecast to shrink 64% next year vs 13% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨384. Share price rose 2.9% to PK₨296 over the past week.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Oct 29Consensus EPS estimates increase by 90%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from PK₨450.7b to PK₨480.5b. EPS estimate increased from PK₨49.04 to PK₨93.40 per share. Net income forecast to shrink 37% next year vs 33% growth forecast for Oil and Gas industry in Pakistan . Consensus price target up from PK₨343 to PK₨360. Share price was steady at PK₨281 over the past week.
Upcoming Dividend • Sep 05Upcoming dividend of PK₨30.00 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (8.7%).
Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from PK₨326.4b to PK₨346.8b. EPS estimate fell from PK₨73.85 to PK₨52.25 per share. Net income forecast to shrink 27% next year vs 1.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨417. Share price rose 6.5% to PK₨387 over the past week.
Major Estimate Revision • Apr 27Consensus revenue estimates increase by 17%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨80.60 per share. Net income forecast to grow 1.2% next year vs 14% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨424. Share price fell 4.9% to PK₨315 over the past week.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Apr 21Consensus revenue estimates increase by 17%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨51.85 per share. Net income forecast to grow 1.2% next year vs 4.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨425. Share price rose 9.8% to PK₨332 over the past week.
Major Estimate Revision • Feb 08Consensus EPS estimates increase by 32%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨64.27 per share. Net income forecast to grow 48% next year vs 23% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨420. Share price rose 3.6% to PK₨351 over the past week.
Major Estimate Revision • Feb 04Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨54.23 per share. Net income forecast to grow 0.8% next year vs 7.5% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨418. Share price rose 4.1% to PK₨340 over the past week.
Reported Earnings • Oct 23First quarter 2022 earnings released: EPS PK₨24.00 (vs PK₨14.92 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: PK₨72.8b (up 61% from 1Q 2021). Net income: PK₨2.39b (up 61% from 1Q 2021). Profit margin: 3.3% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.
Upcoming Dividend • Sep 07Upcoming dividend of PK₨24.50 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 13 October 2021. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (9.3%). In line with average of industry peers (7.6%).
Reported Earnings • Aug 13Full year 2021 earnings released: EPS PK₨49.43 (vs PK₨10.13 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨188.6b (down 6.2% from FY 2020). Net income: PK₨4.92b (up 388% from FY 2020). Profit margin: 2.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from PK₨220.0b to PK₨207.2b. EPS estimate rose from PK₨43.30 to PK₨48.40. Net income forecast to grow 30% next year vs 18% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨405. Share price was steady at PK₨332 over the past week.
Reported Earnings • Apr 29Third quarter 2021 earnings released: EPS PK₨15.25 (vs PK₨7.14 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨45.7b (down 8.7% from 3Q 2020). Net income: PK₨1.52b (up PK₨2.23b from 3Q 2020). Profit margin: 3.3% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
공고 • Mar 17+ 2 more updatesAttock Petroleum Limited Announces Board ChangesAttock Petroleum Limited informed Pakistan Stock Exchange that Mr. Babar Bashir Nawaz and Mr. M. Adil Khattak have been appointed as Alternate Directors with effect from March 10, 2021 in place of Mr. Laith G. Pharaoun and Mr. Wael G. Pharaoun.
Is New 90 Day High Low • Mar 11New 90-day low: PK₨315The company is down 4.0% from its price of PK₨327 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨111 per share.
Executive Departure • Mar 07Independent Non Executive Director has left the companyOn the 3rd of March, Javed Khan's tenure as Independent Non Executive Director ended after 3.0 years in the role. As of December 2020, Javed personally held only 60.00 shares (PK₨20k worth at the time). Javed is the only executive to leave the company over the last 12 months.
Reported Earnings • Jan 28Second quarter 2021 earnings released: EPS PK₨6.64 (vs PK₨3.57 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨44.9b (down 21% from 2Q 2020). Net income: PK₨660.8m (up 86% from 2Q 2020). Profit margin: 1.5% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Jan 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.09%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 5.7%, compared to a 10% growth forecast for the Oil and Gas industry in Pakistan.
Price Target Changed • Jan 19Price target raised to PK₨398Up from PK₨371, the current price target is an average from 2 analysts. The new target price is 8.9% above the current share price of PK₨365. As of last close, the stock is down 3.1% over the past year.
Is New 90 Day High Low • Jan 15New 90-day high: PK₨376The company is up 9.0% from its price of PK₨345 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨88.88 per share.
Is New 90 Day High Low • Nov 03New 90-day low: PK₨308The company is down 11% from its price of PK₨346 on 05 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 13% over the same period.
Reported Earnings • Oct 29First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 29Annual earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92.
Reported Earnings • Oct 21First quarter earnings releasedOver the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 21Annual earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92.
Upcoming Dividend • Oct 02Upcoming Dividend of PK₨4.00 Per ShareWill be paid on the 10th of November to those who are registered shareholders by the 9th of October. The trailing yield of 2.3% is below the top quartile of Pakistani dividend payers (7.7%), and is lower than industry peers (4.6%).
Reported Earnings • Sep 30Full year earnings released - EPS PK₨10.13Over the last 12 months the company has reported total profits of PK₨1.01b, down 75% from the prior year. Total revenue was PK₨201.1b over the last 12 months, down 9.9% from the prior year. Profit margins were 0.5%, which is lower than the 1.8% margin from last year. The decrease in margin was driven by lower revenue.