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ASTL

Amreli Steels KASE:ASTL Stock Report

Last Price

PK₨28.55

Market Cap

PK₨8.5b

7D

3.0%

1Y

-34.0%

Updated

15 Aug, 2022

Data

Company Financials +
ASTL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance1/6
Financial Health2/6
Dividends0/6

ASTL Stock Overview

Amreli Steels Limited manufactures and sells steel bars and billets in Pakistan.

Amreli Steels Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Amreli Steels
Historical stock prices
Current Share PricePK₨28.55
52 Week HighPK₨49.98
52 Week LowPK₨21.50
Beta1.23
1 Month Change17.15%
3 Month Change13.07%
1 Year Change-33.99%
3 Year Change69.94%
5 Year Change-67.97%
Change since IPO-46.69%

Recent News & Updates

Shareholder Returns

ASTLPK Metals and MiningPK Market
7D3.0%0.6%1.6%
1Y-34.0%-40.0%-14.6%

Return vs Industry: ASTL exceeded the PK Metals and Mining industry which returned -40% over the past year.

Return vs Market: ASTL underperformed the PK Market which returned -14.6% over the past year.

Price Volatility

Is ASTL's price volatile compared to industry and market?
ASTL volatility
ASTL Average Weekly Movement7.0%
Metals and Mining Industry Average Movement6.4%
Market Average Movement5.3%
10% most volatile stocks in PK Market8.0%
10% least volatile stocks in PK Market3.2%

Stable Share Price: ASTL is more volatile than 75% of PK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ASTL's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of PK stocks.

About the Company

FoundedEmployeesCEOWebsite
1972751Shayan Akberalihttps://www.amrelisteel.com

Amreli Steels Limited manufactures and sells steel bars and billets in Pakistan. The company was founded in 1972 and is headquartered in Karachi, Pakistan.

Amreli Steels Fundamentals Summary

How do Amreli Steels's earnings and revenue compare to its market cap?
ASTL fundamental statistics
Market CapPK₨8.48b
Earnings (TTM)PK₨2.25b
Revenue (TTM)PK₨48.39b

3.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASTL income statement (TTM)
RevenuePK₨48.39b
Cost of RevenuePK₨42.39b
Gross ProfitPK₨6.00b
Other ExpensesPK₨3.75b
EarningsPK₨2.25b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.57
Gross Margin12.40%
Net Profit Margin4.65%
Debt/Equity Ratio154.9%

How did ASTL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ASTL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ASTL 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/Revenue0.7x
Enterprise Value/EBITDA6.6x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

ASTL PE Ratio vs Peers
The above table shows the PE ratio for ASTL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.2x
ASL Aisha Steel Mills
4.3xn/aPK₨8.9b
AGHA Agha Steel Industries
4.5xn/aPK₨9.6b
INIL International Industries
3.9xn/aPK₨15.1b
MUGHAL Mughal Iron & Steel Industries
4.2x18.1%PK₨23.1b
ASTL Amreli Steels
3.8x7.4%PK₨8.5b

Price-To-Earnings vs Peers: ASTL is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (4.2x).


Price to Earnings Ratio vs Industry

How does ASTL's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

Price-To-Earnings vs Industry: ASTL is good value based on its Price-To-Earnings Ratio (3.8x) compared to the PK Metals and Mining industry average (4.2x)


Price to Earnings Ratio vs Fair Ratio

What is ASTL'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.

ASTL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio4.9x

Price-To-Earnings vs Fair Ratio: ASTL is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (4.9x).


Share Price vs Fair Value

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

Below Fair Value: ASTL (PKR28.55) is trading below our estimate of fair value (PKR46.11)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Amreli Steels 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


7.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASTL's forecast earnings growth (7.4% per year) is below the savings rate (10.5%).

Earnings vs Market: ASTL's earnings (7.4% per year) are forecast to grow faster than the PK market (7% per year).

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

Revenue vs Market: ASTL's revenue (13.2% per year) is forecast to grow faster than the PK market (5.2% per year).

High Growth Revenue: ASTL's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASTL's Return on Equity is forecast to be low in 3 years time (13.7%).


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Past Performance

How has Amreli Steels performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASTL has a high level of non-cash earnings.

Growing Profit Margin: ASTL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASTL's earnings have declined by 14.6% per year over the past 5 years.

Accelerating Growth: ASTL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASTL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (46.1%).


Return on Equity

High ROE: ASTL's Return on Equity (14.8%) is considered low.


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Financial Health

How is Amreli Steels's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASTL's short term assets (PKR21.8B) exceed its short term liabilities (PKR21.4B).

Long Term Liabilities: ASTL's short term assets (PKR21.8B) exceed its long term liabilities (PKR6.2B).


Debt to Equity History and Analysis

Debt Level: ASTL's net debt to equity ratio (153.7%) is considered high.

Reducing Debt: ASTL's debt to equity ratio has increased from 32.6% to 154.9% over the past 5 years.

Debt Coverage: ASTL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ASTL's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


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Dividend

What is Amreli Steels's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


14.22%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASTL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASTL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ASTL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASTL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ASTL is not paying a notable dividend for the PK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ASTL has not reported any payouts.


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Management

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


CEO

Shayan Akberali

5yrs

Tenure

Mr. Shayan Akberali has been the Chief Executive Officer of Amreli Steels Limited since August 26, 2017 and serves as its Executive Director. Mr. Akberali served as the Managing Director at Amreli Steels L...


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

Amreli Steels Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Amreli Steels Limited
  • Ticker: ASTL
  • Exchange: KASE
  • Founded: 1972
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: PK₨8.480b
  • Shares outstanding: 297.01m
  • Website: https://www.amrelisteel.com

Number of Employees


Location

  • Amreli Steels Limited
  • A/18, S.I.T.E.
  • Karachi
  • 75730
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 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.