Nishat (Chunian) Limited

KASE:NCL Stock Report

Market Cap: PK₨9.0b

Nishat (Chunian) Valuation

Is NCL 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NCL (PKR37.28) is trading below our estimate of fair value (PKR124.87)

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


Key Valuation Metric

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

Key metric: As NCL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NCL. This is calculated by dividing NCL's market cap by their current earnings.
What is NCL's PE Ratio?
PE Ratio38.8x
EarningsPK₨230.59m
Market CapPK₨8.95b

Price to Earnings Ratio vs Peers

How does NCL's PE Ratio compare to its peers?

The above table shows the PE ratio for NCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.7x
RCML Reliance Cotton Spinning Mills
4.6xn/aPK₨6.7b
SURC Suraj Cotton Mills
6.4xn/aPK₨6.1b
GADT Gadoon Textile Mills
6.3xn/aPK₨5.9b
ZAHID Zahidjee Textile Mills
9.6xn/aPK₨5.8b
NCL Nishat (Chunian)
38.8xn/aPK₨9.0b

Price-To-Earnings vs Peers: NCL is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

How does NCL's PE Ratio compare vs other companies in the PK Luxury Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BNWM Bannu Woollen Mills
1xn/aUS$1.27m
No more companies available in this PE range
NCL 38.8xIndustry Avg. 9.6xNo. of Companies7PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NCL is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the PK Luxury industry average (9.6x).


Price to Earnings Ratio vs Fair Ratio

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

NCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NCL's Price-To-Earnings 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?

The above table shows the analyst NCL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentPK₨37.28
PK₨32.05
-14.0%
15.8%PK₨37.10PK₨27.00n/a2
Nov ’25PK₨28.87
PK₨32.05
+11.0%
15.8%PK₨37.10PK₨27.00n/a2
Oct ’25PK₨23.89
PK₨32.05
+34.2%
15.8%PK₨37.10PK₨27.00n/a2
Sep ’25PK₨23.53
PK₨37.65
+60.0%
3.6%PK₨39.00PK₨36.30n/a2
Aug ’25PK₨25.76
PK₨37.65
+46.2%
3.6%PK₨39.00PK₨36.30n/a2
Jul ’25PK₨25.53
PK₨37.65
+47.5%
3.6%PK₨39.00PK₨36.30n/a2
Jun ’25PK₨29.30
PK₨37.65
+28.5%
3.6%PK₨39.00PK₨36.30n/a2
May ’25PK₨25.50
PK₨37.65
+47.6%
3.6%PK₨39.00PK₨36.30n/a2
Apr ’25PK₨23.31
PK₨37.50
+60.9%
4.0%PK₨39.00PK₨36.00n/a2
Mar ’25PK₨23.95
PK₨37.50
+56.6%
4.0%PK₨39.00PK₨36.00n/a2
Feb ’25PK₨26.65
PK₨34.35
+28.9%
4.8%PK₨36.00PK₨32.70n/a2
Nov ’24PK₨25.00
PK₨33.85
+35.4%
3.4%PK₨35.00PK₨32.70PK₨28.872
Oct ’24PK₨20.49
PK₨33.85
+65.2%
3.4%PK₨35.00PK₨32.70PK₨23.892
Sep ’24PK₨20.51
PK₨31.23
+52.3%
12.2%PK₨35.00PK₨26.00PK₨23.533
Aug ’24PK₨23.54
PK₨36.18
+53.7%
25.4%PK₨51.00PK₨26.00PK₨25.764
Jul ’24PK₨20.30
PK₨36.18
+78.2%
25.4%PK₨51.00PK₨26.00PK₨25.534
Jun ’24PK₨21.01
PK₨36.18
+72.2%
25.4%PK₨51.00PK₨26.00PK₨29.304
May ’24PK₨21.14
PK₨36.18
+71.1%
25.4%PK₨51.00PK₨26.00PK₨25.504
Apr ’24PK₨20.70
PK₨36.93
+78.4%
24.8%PK₨51.00PK₨26.00PK₨23.314
Mar ’24PK₨20.23
PK₨36.93
+82.5%
24.8%PK₨51.00PK₨26.00PK₨23.954
Feb ’24PK₨22.29
PK₨45.23
+102.9%
31.3%PK₨65.00PK₨32.70PK₨26.653
Jan ’24PK₨20.84
PK₨51.50
+147.1%
26.2%PK₨65.00PK₨38.00PK₨27.012
Dec ’23PK₨26.61
PK₨51.50
+93.5%
26.2%PK₨65.00PK₨38.00PK₨29.082

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies