First Punjab Modaraba

KASE:FPJM Stock Report

Market Cap: PK₨127.2m

First Punjab Modaraba Valuation

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

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

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FPJM. This is calculated by dividing FPJM's market cap by their current revenue.
What is FPJM's PS Ratio?
PS Ratio0.3x
SalesPK₨397.11m
Market CapPK₨127.23m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FPJM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
GRYL Grays Leasing
3.1xn/aPK₨105.4m
FPRM First Paramount Modaraba
1.7xn/aPK₨115.5m
FHAM First Habib Modaraba
1.4xn/aPK₨2.0b
TRSM Trust Modaraba
1.7xn/aPK₨122.5m
FPJM First Punjab Modaraba
0.3xn/aPK₨127.2m

Price-To-Sales vs Peers: FPJM is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2x).


Price to Sales Ratio vs Industry

How does FPJM's PS Ratio compare vs other companies in the Asian Consumer Finance Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.0x19.4%
FPJM First Punjab Modaraba
0.3xn/aUS$457.66k
FPJM 0.3xIndustry Avg. 3.0xNo. of Companies29PS02.44.87.29.612+
25 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.0x19.6%
FPJM First Punjab Modaraba
0.3xn/aUS$457.66k
No more companies

Price-To-Sales vs Industry: FPJM is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Consumer Finance industry average (3x).


Price to Sales Ratio vs Fair Ratio

What is FPJM'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.

FPJM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

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