Blessed Textiles Valuation

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

BTL (PKR238.54) is trading below our estimate of [[fair value]] (PKR2126.33)

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

Valuation Score

4/6

Valuation Score 4/6

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 BTL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BTL (PKR238.54) is trading below our estimate of fair value (PKR2126.33)

Significantly Below Fair Value: BTL is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BTL. This is calculated by dividing BTL's market cap by their current revenue.
What is BTL's PS Ratio?
PS Ratio	0.05x
Sales	PK₨32.14b
Market Cap	PK₨1.53b

BTL 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	0.3x
Enterprise Value/EBITDA	8.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BTL 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	0.07x
KML Kohinoor Mills	0.06x	n/a	PK₨1.7b
PRET Premium Textile Mills	0.08x	n/a	PK₨2.3b
SUTM Sunrays Textile Mills	0.08x	n/a	PK₨1.7b
CRTM Crescent Textile Mills	0.06x	n/a	PK₨1.3b
BTL Blessed Textiles	0.05x	n/a	PK₨1.5b

Price-To-Sales vs Peers: BTL is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.1x).

Price to Sales Ratio vs Industry

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

35 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.1x	11.5%
BTL Blessed Textiles	0.05x	n/a	US$5.52m
GATM Gul Ahmed Textile Mills	0.09x	n/a	US$59.34m
NCL Nishat (Chunian)	0.09x	n/a	US$29.62m

35 Companies		Estimated Growth	Market Cap
Industry Avg.	0.1x	18.2%
BTL Blessed Textiles	0.05x	n/a	US$5.52m

No more companies

Price-To-Sales vs Industry: BTL 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 BTL'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.

BTL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.05x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BTL'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.