Kohat Cement (KASE:KOHC) Stock Valuation, Peer Comparison & Price Targets

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

KOHC (PKR418.94) is trading above our estimate of [[fair value]] (PKR181.72)

Share Price vs Fair Value

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

Below Fair Value: KOHC (PKR418.94) is trading above our estimate of fair value (PKR181.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KOHC. This is calculated by dividing KOHC's market cap by their current earnings.
What is KOHC's PE Ratio?
PE Ratio	8.1x
Earnings	PK₨10.10b
Market Cap	PK₨82.05b

KOHC 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	1.5x
Enterprise Value/EBITDA	4.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOHC 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	7.8x
FCCL Fauji Cement	9.1x	23.2%	PK₨80.4b
CHCC Cherat Cement	8x	12.7%	PK₨54.9b
PIOC Pioneer Cement	7.9x	n/a	PK₨41.8b
MLCF Maple Leaf Cement Factory	6.3x	n/a	PK₨41.7b
KOHC Kohat Cement	8.1x	n/a	PK₨82.1b

Price-To-Earnings vs Peers: KOHC is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (7.8x).

Price to Earnings Ratio vs Industry

How does KOHC's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KOHC is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Asian Basic Materials industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is KOHC'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.

KOHC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KOHC's Price-To-Earnings Fair Ratio for valuation analysis.

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 KOHC 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₨418.94	PK₨332.53 -20.6%	3.3%	PK₨345.00	PK₨321.00	n/a	4
Nov ’25	PK₨395.82	PK₨332.53 -16.0%	3.3%	PK₨345.00	PK₨321.00	n/a	4
Oct ’25	PK₨301.99	PK₨332.53 +10.1%	3.3%	PK₨345.00	PK₨321.00	n/a	4
Sep ’25	PK₨250.37	PK₨332.53 +32.8%	3.3%	PK₨345.00	PK₨321.00	n/a	4
Aug ’25	PK₨239.05	PK₨329.37 +37.8%	3.4%	PK₨345.00	PK₨321.00	n/a	3
Jul ’25	PK₨253.25	PK₨304.53 +20.2%	14.5%	PK₨345.00	PK₨230.00	n/a	4
Jun ’25	PK₨214.09	PK₨304.53 +42.2%	14.5%	PK₨345.00	PK₨230.00	n/a	4
May ’25	PK₨219.03	PK₨296.98 +35.6%	14.5%	PK₨345.00	PK₨230.00	n/a	4
Apr ’25	PK₨221.56	PK₨296.98 +34.0%	14.5%	PK₨345.00	PK₨230.00	n/a	4
Mar ’25	PK₨210.26	PK₨295.23 +40.4%	14.3%	PK₨345.00	PK₨230.00	n/a	4
Feb ’25	PK₨219.73	PK₨295.23 +34.4%	14.3%	PK₨345.00	PK₨230.00	n/a	4
Jan ’25	PK₨236.28	PK₨288.97 +22.3%	16.3%	PK₨345.00	PK₨230.00	n/a	3
Dec ’24	PK₨229.25	PK₨268.63 +17.2%	10.2%	PK₨291.90	PK₨230.00	n/a	3
Nov ’24	PK₨179.18	PK₨221.95 +23.9%	11.6%	PK₨272.00	PK₨194.70	PK₨395.82	6
Oct ’24	PK₨169.24	PK₨220.78 +30.5%	11.2%	PK₨270.00	PK₨194.70	PK₨301.99	6
Sep ’24	PK₨153.65	PK₨216.39 +40.8%	11.7%	PK₨270.00	PK₨190.00	PK₨250.37	7
Aug ’24	PK₨183.33	PK₨200.78 +9.5%	6.7%	PK₨225.00	PK₨185.00	PK₨239.05	6
Jul ’24	PK₨173.47	PK₨203.54 +17.3%	6.9%	PK₨225.00	PK₨185.00	PK₨253.25	7
Jun ’24	PK₨160.50	PK₨206.85 +28.9%	7.7%	PK₨230.00	PK₨185.00	PK₨214.09	8
May ’24	PK₨144.06	PK₨206.85 +43.6%	7.7%	PK₨230.00	PK₨185.00	PK₨219.03	8
Apr ’24	PK₨139.43	PK₨204.42 +46.6%	8.2%	PK₨230.00	PK₨181.00	PK₨221.56	9
Mar ’24	PK₨142.49	PK₨204.42 +43.5%	8.2%	PK₨230.00	PK₨181.00	PK₨210.26	9
Feb ’24	PK₨134.75	PK₨208.69 +54.9%	6.9%	PK₨230.00	PK₨192.00	PK₨219.73	7
Jan ’24	PK₨147.70	PK₨209.20 +41.6%	7.1%	PK₨230.00	PK₨192.00	PK₨236.28	5
Dec ’23	PK₨165.35	PK₨194.83 +17.8%	17.7%	PK₨230.00	PK₨124.00	PK₨229.25	6
Nov ’23	PK₨162.17	PK₨186.80 +15.2%	18.0%	PK₨224.00	PK₨124.00	PK₨179.18	5

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

Discover undervalued companies

Pioneer Cement

PK₨41.8b

Manufactures, markets, and sells cement and clinker products in Pakistan.

PIOC

PK₨183.93

7D

-3.8%

1Y

71.6%

Thatta Cement

PK₨12.6b

Together with its subsidiary, engages in the manufacturing and marketing of clinker and cement in Pakistan.

THCCL

PK₨148.40

7D

39.6%

1Y

769.4%

Fauji Cement

PK₨80.4b

Engages in the manufacturing and selling of various types of cement in Pakistan.

FCCL

PK₨32.77

7D

0.9%

1Y

91.6%

Kohat Cement Valuation