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PPL

Pakistan Petroleum KASE:PPL Stock Report

Last Price

PK₨68.86

Market Cap

PK₨187.4b

7D

-1.1%

1Y

-16.7%

Updated

18 May, 2022

Data

Company Financials +
PPL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

PPL Stock Overview

Pakistan Petroleum Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas resources in Pakistan, the United Arab Emirates, Iraq, and Yemen.

Pakistan Petroleum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pakistan Petroleum
Historical stock prices
Current Share PricePK₨68.86
52 Week HighPK₨95.45
52 Week LowPK₨67.51
Beta1.27
1 Month Change-12.84%
3 Month Change-14.08%
1 Year Change-16.66%
3 Year Change-50.05%
5 Year Change-48.24%
Change since IPO129.97%

Recent News & Updates

Shareholder Returns

PPLPK Oil and GasPK Market
7D-1.1%-1.1%-1.8%
1Y-16.7%-14.2%-12.4%

Return vs Industry: PPL underperformed the PK Oil and Gas industry which returned -14.2% over the past year.

Return vs Market: PPL underperformed the PK Market which returned -12.4% over the past year.

Price Volatility

Is PPL's price volatile compared to industry and market?
PPL volatility
PPL Average Weekly Movement5.2%
Oil and Gas Industry Average Movement4.9%
Market Average Movement5.7%
10% most volatile stocks in PK Market8.9%
10% least volatile stocks in PK Market3.5%

Stable Share Price: PPL is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PPL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19502,607Moin Khanhttps://www.ppl.com.pk

Pakistan Petroleum Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas resources in Pakistan, the United Arab Emirates, Iraq, and Yemen. It produces natural gas, crude oil, natural gas liquids (NGL), condensate, liquefied petroleum gas (LPG), and barytes. The company operates producing fields located in Sui, Kandhkot, Adhi, Mazarani, Chachar, Hala, Gambat South, Dhok Sultan, and Shah Bandar; and holds working interests in 13 partner-operated producing fields.

Pakistan Petroleum Fundamentals Summary

How do Pakistan Petroleum's earnings and revenue compare to its market cap?
PPL fundamental statistics
Market CapPK₨187.37b
Earnings (TTM)PK₨57.32b
Revenue (TTM)PK₨163.89b

3.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PPL income statement (TTM)
RevenuePK₨163.89b
Cost of RevenuePK₨63.70b
Gross ProfitPK₨100.19b
Other ExpensesPK₨42.87b
EarningsPK₨57.32b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)21.06
Gross Margin61.13%
Net Profit Margin34.97%
Debt/Equity Ratio0.0%

How did PPL perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Pakistan Petroleum undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PPL (PKR68.86) is trading below our estimate of fair value (PKR216.83)

Significantly Below Fair Value: PPL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PPL's PE Ratio (3.3x) is in line with the PK Oil and Gas industry average.

PE vs Market: PPL is good value based on its PE Ratio (3.3x) compared to the PK market (5.6x).


Price to Earnings Growth Ratio

PEG Ratio: PPL is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: PPL is good value based on its PB Ratio (0.5x) compared to the PK Oil and Gas industry average (0.9x).


Future Growth

How is Pakistan Petroleum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPL's forecast earnings growth (7.7% per year) is below the savings rate (10.2%).

Earnings vs Market: PPL's earnings (7.7% per year) are forecast to grow faster than the PK market (3.1% per year).

High Growth Earnings: PPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: PPL's revenue (4% per year) is forecast to grow faster than the PK market (3.3% per year).

High Growth Revenue: PPL's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PPL's Return on Equity is forecast to be low in 3 years time (14.8%).


Past Performance

How has Pakistan Petroleum performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PPL has high quality earnings.

Growing Profit Margin: PPL's current net profit margins (35%) are higher than last year (34.5%).


Past Earnings Growth Analysis

Earnings Trend: PPL's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: PPL's earnings growth over the past year (12.2%) exceeds its 5-year average (11% per year).

Earnings vs Industry: PPL earnings growth over the past year (12.2%) underperformed the Oil and Gas industry 39.9%.


Return on Equity

High ROE: PPL's Return on Equity (13.8%) is considered low.


Financial Health

How is Pakistan Petroleum's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PPL's short term assets (PKR430.8B) exceed its short term liabilities (PKR100.2B).

Long Term Liabilities: PPL's short term assets (PKR430.8B) exceed its long term liabilities (PKR63.4B).


Debt to Equity History and Analysis

Debt Level: PPL is debt free.

Reducing Debt: PPL has not had any debt for past 5 years.

Debt Coverage: PPL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PPL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Pakistan Petroleum current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.08%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PPL's dividend (5.08%) is higher than the bottom 25% of dividend payers in the PK market (3.72%).

High Dividend: PPL's dividend (5.08%) is low compared to the top 25% of dividend payers in the PK market (11.25%).


Stability and Growth of Payments

Stable Dividend: PPL's dividend payments have been volatile in the past 10 years.

Growing Dividend: PPL's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.6%), PPL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (38.1%), PPL's dividend payments are well covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Moin Khan

3.33yrs

Tenure

Mr. Moin Raza Khan is Chief Executive Officer at Pakistan Petroleum Limited since 2019. He was Managing Director of Pakistan Petroleum Limited since 2019 until August 2021 and served as its Acting Chief Ex...


Leadership Team

Experienced Management: PPL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: PPL's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pakistan Petroleum Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pakistan Petroleum Limited
  • Ticker: PPL
  • Exchange: KASE
  • Founded: 1950
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: PK₨187.366b
  • Shares outstanding: 2.72b
  • Website: https://www.ppl.com.pk

Number of Employees


Location

  • Pakistan Petroleum Limited
  • P.I.D.C. House
  • 4th Floor
  • Karachi
  • 75530
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.