OLP Modaraba Valuation

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

OLPM (PKR15.1) is trading above our estimate of [[fair value]] (PKR0.82)

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

Below Fair Value: OLPM (PKR15.1) is trading above our estimate of fair value (PKR0.82)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OLPM. This is calculated by dividing OLPM's market cap by their current earnings.
What is OLPM's PE Ratio?
PE Ratio	4.5x
Earnings	PK₨150.73m
Market Cap	PK₨685.29m

OLPM 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	2.8x
Enterprise Value/EBITDA	4.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OLPM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.3x
PGLC Pak-Gulf Leasing	5.4x	n/a	PK₨529.8m
FDPL First Dawood Properties	69.8x	n/a	PK₨335.4m
PMI First Prudential Modaraba	9.1x	n/a	PK₨399.8m
TRSM Trust Modaraba	4.8x	n/a	PK₨115.0m
OLPM OLP Modaraba	4.5x	n/a	PK₨685.3m

Price-To-Earnings vs Peers: OLPM is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (22.3x).

Price to Earnings Ratio vs Industry

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

23 Companies	Price / Earnings	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: OLPM is good value based on its Price-To-Earnings Ratio (4.5x) compared to the Asian Diversified Financial industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is OLPM'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.

OLPM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.5x
Fair PE Ratio	n/a

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

Analyst Forecast: Insufficient data to show price forecast.