First Capital Securities Corporation Limited

KASE:FCSC Stock Report

Market Cap: PK₨753.5m

First Capital Securities Valuation

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

Below Fair Value: Insufficient data to calculate FCSC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FCSC's fair value for valuation analysis.


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FCSC. This is calculated by dividing FCSC's market cap by their current revenue.
What is FCSC's PS Ratio?
PS Ratio1.9x
SalesPK₨395.23m
Market CapPK₨753.53m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FCSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
NEXT Next Capital
2.7xn/aPK₨382.0m
FUDLM UDL Modaraba Management (Private)
3.6xn/aPK₨281.0m
FIBLM First IBL Modaraba
1.6xn/aPK₨81.1m
FDPL First Dawood Properties
6.5xn/aPK₨402.1m
FCSC First Capital Securities
1.9xn/aPK₨753.5m

Price-To-Sales vs Peers: FCSC is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (3.6x).


Price to Sales Ratio vs Industry

How does FCSC's PS Ratio compare vs other companies in the Asian Diversified Financial Industry?

67 CompaniesPrice / SalesEstimated GrowthMarket Cap
FCSC 1.9xIndustry Avg. 4.7xNo. of Companies67PS048121620+
67 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FCSC is good value based on its Price-To-Sales Ratio (1.9x) compared to the Asian Diversified Financial industry average (4.7x).


Price to Sales Ratio vs Fair Ratio

What is FCSC'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.

FCSC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ration/a

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


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