AN Textile Mills Valuation

Q: What is the Fair Price of ANTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ANTM (PKR12.5) is trading above our estimate of [[fair value]] (PKR1.49)

Is ANTM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ANTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ANTM (PKR12.5) is trading above our estimate of fair value (PKR1.49)

Significantly Below Fair Value: ANTM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANTM?

Key metric: As ANTM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ANTM. This is calculated by dividing ANTM's market cap by their current revenue.
What is ANTM's PS Ratio?
PS Ratio	0.03x
Sales	PK₨3.87b
Market Cap	PK₨120.75m

ANTM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.2x
Enterprise Value/EBITDA	13.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ANTM's PS Ratio compare to its peers?

The above table shows the PS ratio for ANTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.6x
LEUL Leather Up	10x	n/a	PK₨127.9m
IDSM Ideal Spinning Mills	0.02x	n/a	PK₨105.3m
ELCM Elahi Cotton Mills	0.1x	n/a	PK₨94.1m
SERT Service Industries Textiles	0.1x	n/a	PK₨147.8m
ANTM AN Textile Mills	0.03x	n/a	PK₨120.8m

Price-To-Sales vs Peers: ANTM is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does ANTM's PS Ratio compare vs other companies in the PK Luxury Industry?

37 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.1x	11.6%
ANTM AN Textile Mills	0.03x	n/a	US$434.82k
GATM Gul Ahmed Textile Mills	0.09x	n/a	US$56.60m
NCL Nishat (Chunian)	0.08x	n/a	US$26.80m

37 Companies		Estimated Growth	Market Cap
Industry Avg.	0.1x	18.3%
ANTM AN Textile Mills	0.03x	n/a	US$434.82k

No more companies

Price-To-Sales vs Industry: ANTM is good value based on its Price-To-Sales Ratio (0x) compared to the PK Luxury industry average (0.1x).

Price to Sales Ratio vs Fair Ratio

What is ANTM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANTM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.03x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ANTM's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.