We’ve recently updated our valuation analysis.

Pioneer Cement Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 PIOC?

Other financial metrics that can be useful for relative valuation.

PIOC 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/Revenue1x
Enterprise Value/EBITDA3.9x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PIOC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.5x
CHCC Cherat Cement
4x28.9%PK₨19.2b
FCCL Fauji Cement
3.8x33.9%PK₨27.9b
KOHC Kohat Cement
5x28.0%PK₨27.0b
FLYNG Flying Cement
5.2xn/aPK₨4.0b
PIOC Pioneer Cement
10.2x64.0%PK₨11.8b

Price-To-Earnings vs Peers: PIOC is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (4.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.3%
n/an/an/a

Price-To-Earnings vs Industry: PIOC is good value based on its Price-To-Earnings Ratio (10.2x) compared to the Asian Basic Materials industry average (17.5x)


Price to Earnings Ratio vs Fair Ratio

What is PIOC'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.

PIOC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio9.9x

Price-To-Earnings vs Fair Ratio: PIOC is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).


Share Price vs Fair Value

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

Below Fair Value: PIOC (PKR51.79) is trading above our estimate of fair value (PKR21.32)

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


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 PIOC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentPK₨51.79
PK₨99.00
+91.2%
23.5%PK₨145.00PK₨83.00n/a5
Jan ’24PK₨51.43
PK₨99.00
+92.5%
23.5%PK₨145.00PK₨83.00n/a5
Dec ’23PK₨62.87
PK₨93.17
+48.2%
26.9%PK₨145.00PK₨63.00n/a6
Nov ’23PK₨71.38
PK₨92.33
+29.4%
27.5%PK₨145.00PK₨63.00n/a6
Oct ’23PK₨67.76
PK₨105.60
+55.8%
28.6%PK₨145.00PK₨63.00n/a7
Sep ’23PK₨70.91
PK₨120.94
+70.6%
28.9%PK₨184.20PK₨63.00n/a10
Aug ’23PK₨54.79
PK₨120.94
+120.7%
28.9%PK₨184.20PK₨63.00n/a10
Jul ’23PK₨59.17
PK₨120.94
+104.4%
28.9%PK₨184.20PK₨63.00n/a10
Jun ’23PK₨59.23
PK₨126.44
+113.5%
25.2%PK₨184.20PK₨63.00n/a10
May ’23PK₨67.24
PK₨133.54
+98.6%
17.9%PK₨184.20PK₨92.00n/a10
Apr ’23PK₨79.71
PK₨135.49
+70.0%
16.5%PK₨184.20PK₨105.00n/a9
Mar ’23PK₨73.35
PK₨132.86
+81.1%
18.5%PK₨184.20PK₨105.00n/a8
Feb ’23PK₨87.79
PK₨142.60
+62.4%
15.2%PK₨184.20PK₨105.00PK₨51.797
Jan ’23PK₨88.75
PK₨146.69
+65.3%
14.5%PK₨184.20PK₨105.00PK₨51.439
Dec ’22PK₨90.24
PK₨146.69
+62.6%
14.5%PK₨184.20PK₨105.00PK₨62.879
Nov ’22PK₨101.34
PK₨156.80
+54.7%
17.0%PK₨198.00PK₨105.00PK₨71.389
Oct ’22PK₨86.07
PK₨168.69
+96.0%
12.0%PK₨198.00PK₨138.00PK₨67.769
Sep ’22PK₨117.57
PK₨169.69
+44.3%
14.7%PK₨215.00PK₨138.00PK₨70.919
Aug ’22PK₨120.78
PK₨163.11
+35.0%
17.1%PK₨215.00PK₨125.00PK₨54.799
Jul ’22PK₨131.67
PK₨162.30
+23.3%
16.4%PK₨215.00PK₨125.00PK₨59.1710
Jun ’22PK₨134.46
PK₨164.00
+22.0%
18.5%PK₨215.00PK₨125.00PK₨59.239
May ’22PK₨121.60
PK₨163.67
+34.6%
18.3%PK₨215.00PK₨125.00PK₨67.249
Apr ’22PK₨118.83
PK₨148.52
+25.0%
29.2%PK₨215.00PK₨64.18PK₨79.7110
Mar ’22PK₨132.12
PK₨143.52
+8.6%
26.1%PK₨200.00PK₨64.18PK₨73.3510
Feb ’22PK₨120.62
PK₨128.42
+6.5%
24.0%PK₨176.00PK₨64.18PK₨87.7910

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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