Engro Polymer and Chemicals (KASE:EPCL) Stock Valuation, Peer Comparison & Price Targets

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

EPCL (PKR37.39) is trading above our estimate of [[fair value]] (PKR10.17)

Share Price vs Fair Value

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

Below Fair Value: EPCL (PKR37.39) is trading above our estimate of fair value (PKR10.17)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPCL. This is calculated by dividing EPCL's market cap by their current earnings.
What is EPCL's PE Ratio?
PE Ratio	55.5x
Earnings	PK₨612.33m
Market Cap	PK₨33.98b

EPCL 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	1x
Enterprise Value/EBITDA	8.1x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPCL 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	21.9x
LOTCHEM Lotte Chemical Pakistan	10.2x	n/a	PK₨29.5b
NICL Nimir Industrial Chemicals	14.3x	n/a	PK₨14.4b
BIFO Biafo Industries	51.4x	n/a	PK₨6.5b
SITC Sitara Chemical Industries	11.7x	n/a	PK₨6.3b
EPCL Engro Polymer and Chemicals	55.5x	147.3%	PK₨34.0b

Price-To-Earnings vs Peers: EPCL is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does EPCL's PE Ratio compare vs other companies in the PK Chemicals Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: EPCL is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the PK Chemicals industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is EPCL'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.

EPCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	55.5x
Fair PE Ratio	68x

Price-To-Earnings vs Fair Ratio: EPCL is good value based on its Price-To-Earnings Ratio (55.5x) compared to the estimated Fair Price-To-Earnings Ratio (68x).

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 EPCL forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	PK₨37.39	PK₨40.78 +9.1%	11.2%	PK₨44.00	PK₨33.00	n/a	4
Nov ’25	PK₨31.75	PK₨40.78 +28.4%	11.2%	PK₨44.00	PK₨33.00	n/a	4
Oct ’25	PK₨31.95	PK₨44.78 +40.1%	5.7%	PK₨49.00	PK₨42.10	n/a	4
Sep ’25	PK₨37.09	PK₨47.18 +27.2%	11.3%	PK₨56.80	PK₨42.10	n/a	5
Aug ’25	PK₨42.00	PK₨51.58 +22.8%	12.2%	PK₨60.00	PK₨42.10	n/a	5
Jul ’25	PK₨43.80	PK₨50.15 +14.5%	14.4%	PK₨60.00	PK₨40.00	n/a	6
Jun ’25	PK₨44.50	PK₨50.15 +12.7%	14.4%	PK₨60.00	PK₨40.00	n/a	6
May ’25	PK₨42.60	PK₨50.15 +17.7%	14.4%	PK₨60.00	PK₨40.00	n/a	6
Apr ’25	PK₨45.14	PK₨51.15 +13.3%	14.6%	PK₨60.00	PK₨40.00	n/a	6
Mar ’25	PK₨44.30	PK₨51.15 +15.5%	14.6%	PK₨60.00	PK₨40.00	n/a	6
Feb ’25	PK₨47.44	PK₨48.23 +1.7%	10.6%	PK₨53.00	PK₨40.00	n/a	4
Jan ’25	PK₨48.08	PK₨46.63 -3.0%	10.6%	PK₨51.90	PK₨40.00	n/a	3
Dec ’24	PK₨45.01	PK₨46.63 +3.6%	10.6%	PK₨51.90	PK₨40.00	n/a	3
Nov ’24	PK₨39.54	PK₨47.73 +20.7%	9.8%	PK₨51.90	PK₨40.00	PK₨31.75	4
Oct ’24	PK₨39.31	PK₨48.23 +22.7%	9.9%	PK₨51.90	PK₨40.00	PK₨31.95	4
Sep ’24	PK₨40.18	PK₨48.23 +20.0%	9.9%	PK₨51.90	PK₨40.00	PK₨37.09	4
Aug ’24	PK₨45.14	PK₨47.48 +5.2%	9.9%	PK₨51.90	PK₨40.00	PK₨42.00	4
Jul ’24	PK₨42.25	PK₨47.30 +12.0%	9.6%	PK₨53.00	PK₨40.00	PK₨43.80	5
Jun ’24	PK₨42.35	PK₨47.30 +11.7%	9.6%	PK₨53.00	PK₨40.00	PK₨44.50	5
May ’24	PK₨45.77	PK₨49.08 +7.2%	11.7%	PK₨58.00	PK₨40.00	PK₨42.60	6
Apr ’24	PK₨46.78	PK₨51.70 +10.5%	8.2%	PK₨58.00	PK₨45.50	PK₨45.14	5
Mar ’24	PK₨44.33	PK₨57.06 +28.7%	14.2%	PK₨70.00	PK₨45.50	PK₨44.30	8
Feb ’24	PK₨46.36	PK₨58.06 +25.2%	13.9%	PK₨70.00	PK₨45.50	PK₨47.44	8
Jan ’24	PK₨42.32	PK₨64.34 +52.0%	10.5%	PK₨77.00	PK₨55.00	PK₨48.08	8
Dec ’23	PK₨50.96	PK₨64.34 +26.3%	10.5%	PK₨77.00	PK₨55.00	PK₨45.01	8
Nov ’23	PK₨53.50	PK₨64.34 +20.3%	10.5%	PK₨77.00	PK₨55.00	PK₨39.54	8

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Engro Polymer and Chemicals Valuation