New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 36% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 01
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: PK₨67.07 (up from PK₨20.70 in 3Q 2025). Revenue: PK₨129.0b (up 12% from 3Q 2025). Net income: PK₨8.34b (up 224% from 3Q 2025). Profit margin: 6.5% (up from 2.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Apr 02
Attock Petroleum Limited to Report Q3, 2026 Results on Apr 10, 2026 Attock Petroleum Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 10, 2026 Reported Earnings • Feb 26
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: PK₨20.97 (down from PK₨22.01 in 2Q 2025). Revenue: PK₨122.9b (up 3.2% from 2Q 2025). Net income: PK₨2.61b (down 4.7% from 2Q 2025). Profit margin: 2.1% (down from 2.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Feb 12
Attock Petroleum Limited to Report First Half, 2026 Results on Feb 23, 2026 Attock Petroleum Limited announced that they will report first half, 2026 results on Feb 23, 2026 Buy Or Sell Opportunity • Jan 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to PK₨622. The fair value is estimated to be PK₨510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 2.4% in a year. Earnings are forecast to decline by 13% in the next year. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Oct 17
Attock Petroleum Limited to Report Q1, 2026 Results on Oct 27, 2025 Attock Petroleum Limited announced that they will report Q1, 2026 results on Oct 27, 2025 Declared Dividend • Oct 16
Final dividend of PK₨13.00 announced Shareholders will receive a dividend of PK₨13.00. Ex-date: 17th October 2025 Payment date: 17th November 2025 Dividend yield will be 4.6%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 07
Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024) Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 30
Upcoming dividend of PK₨13.00 per share Eligible shareholders must have bought the stock before 07 October 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Pakistani dividend payers (7.5%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 14
Full year 2025 earnings released: EPS: PK₨83.53 (vs PK₨111 in FY 2024) Full year 2025 results: EPS: PK₨83.53 (down from PK₨111 in FY 2024). Revenue: PK₨474.1b (down 9.9% from FY 2024). Net income: PK₨10.4b (down 25% from FY 2024). Profit margin: 2.2% (down from 2.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Declared Dividend • Aug 13
Dividend of PK₨13.00 announced Shareholders will receive a dividend of PK₨13.00. Ex-date: 7th October 2025 Payment date: 5th November 2025 Dividend yield will be 4.9%, which is lower than the industry average of 6.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • Aug 12
Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025 Attock Petroleum Limited, Annual General Meeting, Oct 15, 2025. Location: at attock house, morgah, rawalpindi Pakistan Price Target Changed • May 19
Price target increased by 12% to PK₨630 Up from PK₨563, the current price target is an average from 3 analysts. New target price is 39% above last closing price of PK₨454. Stock is up 16% over the past year. The company is forecast to post earnings per share of PK₨74.90 for next year compared to PK₨111 last year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨461, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 7x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 143% over the past three years. Reported Earnings • Apr 30
Third quarter 2025 earnings released: EPS: PK₨20.70 (vs PK₨23.96 in 3Q 2024) Third quarter 2025 results: EPS: PK₨20.70 (down from PK₨23.96 in 3Q 2024). Revenue: PK₨114.9b (down 7.2% from 3Q 2024). Net income: PK₨2.58b (down 14% from 3Q 2024). Profit margin: 2.2% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Declared Dividend • Jan 29
First half dividend increased to PK₨12.50 Dividend of PK₨12.50 is 25% higher than last year. Ex-date: 6th February 2025 Payment date: 3rd March 2025 Dividend yield will be 6.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨533, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Pakistan. Total returns to shareholders of 207% over the past three years. Reported Earnings • Sep 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: PK₨111 (up from PK₨100 in FY 2023). Revenue: PK₨526.3b (up 11% from FY 2023). Net income: PK₨13.8b (up 11% from FY 2023). Profit margin: 2.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Sep 27
Upcoming dividend of PK₨17.50 per share Eligible shareholders must have bought the stock before 04 October 2024. Payment date: 04 November 2024. Trailing yield: 6.7%. Lower than top quartile of Pakistani dividend payers (12%). In line with average of industry peers (7.2%). Buy Or Sell Opportunity • Sep 06
Now 20% undervalued Over the last 90 days, the stock has risen 4.2% to PK₨414. The fair value is estimated to be PK₨515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to decline by 25% in the next 2 years. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from PK₨76.60 to PK₨90.90. Revenue forecast unchanged at PK₨697.0b. Net income forecast to shrink 17% next year vs 6.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target of PK₨495 unchanged from last update. Share price fell 7.0% to PK₨414 over the past week. Announcement • Sep 04
Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024 Attock Petroleum Limited, Annual General Meeting, Oct 14, 2024. Location: at attock house., morgah, rawalpindi Pakistan New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Mar 28
Price target increased by 10% to PK₨481 Up from PK₨437, the current price target is an average from 5 analysts. New target price is 26% above last closing price of PK₨382. Stock is up 30% over the past year. The company is forecast to post earnings per share of PK₨106 for next year compared to PK₨100 last year. Price Target Changed • Nov 20
Price target increased by 10% to PK₨437 Up from PK₨396, the current price target is an average from 5 analysts. New target price is 18% above last closing price of PK₨369. Stock is up 14% over the past year. The company is forecast to post earnings per share of PK₨111 for next year compared to PK₨100 last year. New Risk • Oct 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.8% net profit margin). Major Estimate Revision • Oct 11
Consensus EPS estimates increase by 61% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from PK₨68.63 to PK₨111. Revenue forecast unchanged at PK₨508.4b. Net income forecast to shrink 33% next year vs 3.3% decline forecast for Oil and Gas industry in Pakistan. Consensus price target up from PK₨396 to PK₨410. Share price rose 8.8% to PK₨321 over the past week. Upcoming Dividend • Sep 21
Upcoming dividend of PK₨15.00 per share at 9.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (8.0%). Reported Earnings • Sep 20
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: PK₨100 (down from PK₨149 in FY 2022). Revenue: PK₨473.9b (up 28% from FY 2022). Net income: PK₨12.5b (down 33% from FY 2022). Profit margin: 2.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 2.3% decline forecast for the Oil and Gas industry in Pakistan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 17
Attock Petroleum Limited Announces Company Secretary Changes Attock Petroleum Limited undergone a change in its corporate leadership. Mr. Faizan Zafar has ceased to hold the position of Company Secretary at the company, effective September 15, 2023. In his stead, Mr. Sabih Ul Haq Qureshi has been appointed as the new Company Secretary. Major Estimate Revision • Jun 27
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from PK₨520.5b to PK₨474.0b. EPS estimate rose from PK₨69.55 to PK₨77.45. Net income forecast to shrink 47% next year vs 4.2% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨395. Share price was steady at PK₨300 over the past week. Upcoming Dividend • Mar 02
Upcoming dividend of PK₨12.50 per share at 12% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (9.2%). Major Estimate Revision • Feb 24
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from PK₨494.3b to PK₨520.5b. EPS estimate increased from PK₨60.23 to PK₨68.20 per share. Net income forecast to shrink 55% next year vs 18% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨398. Share price was steady at PK₨303 over the past week. Major Estimate Revision • Jan 04
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from PK₨513.0b to PK₨494.3b. EPS estimate also fell from PK₨73.00 per share to PK₨57.30 per share. Net income forecast to shrink 64% next year vs 13% growth forecast for Oil and Gas industry in Pakistan . Consensus price target broadly unchanged at PK₨384. Share price rose 2.9% to PK₨296 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 29
Consensus EPS estimates increase by 90% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from PK₨450.7b to PK₨480.5b. EPS estimate increased from PK₨49.04 to PK₨93.40 per share. Net income forecast to shrink 37% next year vs 33% growth forecast for Oil and Gas industry in Pakistan . Consensus price target up from PK₨343 to PK₨360. Share price was steady at PK₨281 over the past week. Upcoming Dividend • Sep 05
Upcoming dividend of PK₨30.00 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (8.7%). Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from PK₨326.4b to PK₨346.8b. EPS estimate fell from PK₨73.85 to PK₨52.25 per share. Net income forecast to shrink 27% next year vs 1.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨417. Share price rose 6.5% to PK₨387 over the past week. Major Estimate Revision • Apr 27
Consensus revenue estimates increase by 17% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨80.60 per share. Net income forecast to grow 1.2% next year vs 14% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨424. Share price fell 4.9% to PK₨315 over the past week. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Javed Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 21
Consensus revenue estimates increase by 17% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from PK₨292.2b to PK₨342.5b. EPS estimate increased from PK₨48.40 to PK₨51.85 per share. Net income forecast to grow 1.2% next year vs 4.4% decline forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨425. Share price rose 9.8% to PK₨332 over the past week. Major Estimate Revision • Feb 08
Consensus EPS estimates increase by 32% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨64.27 per share. Net income forecast to grow 48% next year vs 23% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨420. Share price rose 3.6% to PK₨351 over the past week. Major Estimate Revision • Feb 04
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from PK₨270.7b to PK₨292.2b. EPS estimate increased from PK₨48.80 to PK₨54.23 per share. Net income forecast to grow 0.8% next year vs 7.5% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨418. Share price rose 4.1% to PK₨340 over the past week. Reported Earnings • Oct 23
First quarter 2022 earnings released: EPS PK₨24.00 (vs PK₨14.92 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: PK₨72.8b (up 61% from 1Q 2021). Net income: PK₨2.39b (up 61% from 1Q 2021). Profit margin: 3.3% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Sep 07
Upcoming dividend of PK₨24.50 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 13 October 2021. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (9.3%). In line with average of industry peers (7.6%). Reported Earnings • Aug 13
Full year 2021 earnings released: EPS PK₨49.43 (vs PK₨10.13 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨188.6b (down 6.2% from FY 2020). Net income: PK₨4.92b (up 388% from FY 2020). Profit margin: 2.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from PK₨220.0b to PK₨207.2b. EPS estimate rose from PK₨43.30 to PK₨48.40. Net income forecast to grow 30% next year vs 18% growth forecast for Oil and Gas industry in Pakistan. Consensus price target broadly unchanged at PK₨405. Share price was steady at PK₨332 over the past week. Reported Earnings • Apr 29
Third quarter 2021 earnings released: EPS PK₨15.25 (vs PK₨7.14 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨45.7b (down 8.7% from 3Q 2020). Net income: PK₨1.52b (up PK₨2.23b from 3Q 2020). Profit margin: 3.3% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 11
New 90-day low: PK₨315 The company is down 4.0% from its price of PK₨327 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨111 per share. Executive Departure • Mar 07
Independent Non Executive Director has left the company On the 3rd of March, Javed Khan's tenure as Independent Non Executive Director ended after 3.0 years in the role. As of December 2020, Javed personally held only 60.00 shares (PK₨20k worth at the time). Javed is the only executive to leave the company over the last 12 months. Reported Earnings • Jan 28
Second quarter 2021 earnings released: EPS PK₨6.64 (vs PK₨3.57 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨44.9b (down 21% from 2Q 2020). Net income: PK₨660.8m (up 86% from 2Q 2020). Profit margin: 1.5% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.09%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 5.7%, compared to a 10% growth forecast for the Oil and Gas industry in Pakistan. Price Target Changed • Jan 19
Price target raised to PK₨398 Up from PK₨371, the current price target is an average from 2 analysts. The new target price is 8.9% above the current share price of PK₨365. As of last close, the stock is down 3.1% over the past year. Is New 90 Day High Low • Jan 15
New 90-day high: PK₨376 The company is up 9.0% from its price of PK₨345 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨88.88 per share. Is New 90 Day High Low • Nov 03
New 90-day low: PK₨308 The company is down 11% from its price of PK₨346 on 05 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 13% over the same period. Reported Earnings • Oct 29
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 29
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92. Reported Earnings • Oct 21
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.27b, down 65% from the prior year. Total revenue was PK₨187.0b over the last 12 months, down 17% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 21
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 14% at PK₨14.92. Upcoming Dividend • Oct 02
Upcoming Dividend of PK₨4.00 Per Share Will be paid on the 10th of November to those who are registered shareholders by the 9th of October. The trailing yield of 2.3% is below the top quartile of Pakistani dividend payers (7.7%), and is lower than industry peers (4.6%). Reported Earnings • Sep 30
Full year earnings released - EPS PK₨10.13 Over the last 12 months the company has reported total profits of PK₨1.01b, down 75% from the prior year. Total revenue was PK₨201.1b over the last 12 months, down 9.9% from the prior year. Profit margins were 0.5%, which is lower than the 1.8% margin from last year. The decrease in margin was driven by lower revenue.