Attock Petroleum Limited

KASE:APL Stock Report

Market Cap: PK₨63.8b

Attock Petroleum Valuation

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

Below Fair Value: APL (PKR512.72) is trading above our estimate of fair value (PKR6.64)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for APL. This is calculated by dividing APL's market cap by their current earnings.
What is APL's PE Ratio?
PE Ratio5.8x
EarningsPK₨10.95b
Market CapPK₨63.79b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for APL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.3x
ATRL Attock Refinery
3.3xn/aPK₨54.5b
CNERGY Cnergyico PK
27.5xn/aPK₨31.4b
SHSML Shahmurad Sugar Mills
5.1xn/aPK₨8.6b
POL Pakistan Oilfields
5.4x6.2%PK₨164.3b
APL Attock Petroleum
5.8x-5.4%PK₨63.8b

Price-To-Earnings vs Peers: APL is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (10.3x).


Price to Earnings Ratio vs Industry

How does APL's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
APL 5.8xIndustry Avg. 10.7xNo. of Companies36PE0816243240+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APL is good value based on its Price-To-Earnings Ratio (5.8x) compared to the Asian Oil and Gas industry average (10.7x).


Price to Earnings Ratio vs Fair Ratio

What is APL'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.

APL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio4x

Price-To-Earnings vs Fair Ratio: APL is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (4x).


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 APL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentPK₨512.72
PK₨498.44
-2.8%
4.3%PK₨514.20PK₨457.00n/a5
Nov ’25PK₨439.27
PK₨498.44
+13.5%
4.3%PK₨514.20PK₨457.00n/a5
Oct ’25PK₨404.10
PK₨494.50
+22.4%
4.5%PK₨511.00PK₨457.00n/a4
Sep ’25PK₨444.88
PK₨479.80
+7.8%
9.9%PK₨511.00PK₨398.20n/a4
Aug ’25PK₨420.02
PK₨477.05
+13.6%
9.6%PK₨510.00PK₨398.20n/a4
Jul ’25PK₨390.04
PK₨481.04
+23.3%
8.7%PK₨510.00PK₨398.20n/a5
Jun ’25PK₨398.78
PK₨481.04
+20.6%
8.7%PK₨510.00PK₨398.20n/a5
May ’25PK₨381.81
PK₨481.04
+26.0%
8.7%PK₨510.00PK₨398.20n/a5
Apr ’25PK₨374.48
PK₨481.04
+28.5%
8.7%PK₨510.00PK₨398.20n/a5
Mar ’25PK₨393.75
PK₨462.70
+17.5%
12.1%PK₨510.00PK₨371.00n/a6
Feb ’25PK₨405.45
PK₨462.70
+14.1%
12.1%PK₨510.00PK₨371.00n/a6
Jan ’25PK₨398.82
PK₨444.50
+11.5%
13.5%PK₨510.00PK₨371.00n/a4
Dec ’24PK₨365.48
PK₨436.60
+19.5%
13.2%PK₨523.00PK₨371.00PK₨496.305
Nov ’24PK₨327.54
PK₨409.51
+25.0%
12.0%PK₨523.00PK₨364.00PK₨439.277
Oct ’24PK₨291.42
PK₨395.66
+35.8%
8.2%PK₨466.00PK₨364.00PK₨404.107
Sep ’24PK₨284.71
PK₨395.66
+39.0%
8.2%PK₨466.00PK₨364.00PK₨444.887
Aug ’24PK₨321.93
PK₨393.66
+22.3%
6.6%PK₨447.00PK₨364.00PK₨420.027
Jul ’24PK₨300.25
PK₨394.94
+31.5%
6.7%PK₨447.00PK₨364.00PK₨390.047
Jun ’24PK₨294.75
PK₨400.09
+35.7%
7.7%PK₨447.00PK₨364.00PK₨398.787
May ’24PK₨300.70
PK₨400.09
+33.1%
7.7%PK₨447.00PK₨364.00PK₨381.817
Apr ’24PK₨293.62
PK₨399.37
+36.0%
7.9%PK₨447.00PK₨364.00PK₨374.487
Mar ’24PK₨298.41
PK₨399.37
+33.8%
7.9%PK₨447.00PK₨364.00PK₨393.757
Feb ’24PK₨308.43
PK₨397.27
+28.8%
9.0%PK₨449.00PK₨357.00PK₨405.456
Jan ’24PK₨289.71
PK₨385.93
+33.2%
8.2%PK₨451.00PK₨357.00PK₨398.826
Dec ’23PK₨317.76
PK₨385.93
+21.5%
8.2%PK₨451.00PK₨357.00PK₨365.486

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


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