Dawood Lawrencepur Limited

KASE:DLL Stock Report

Market Cap: PK₨12.0b

Dawood Lawrencepur Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DLL (PKR201.98) is trading below our estimate of fair value (PKR1077.32)

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


Key Valuation Metric

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

Key metric: As DLL is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for DLL. This is calculated by dividing DLL's market cap by their current book value.
What is DLL's PB Ratio?
PB Ratio0.7x
BookPK₨16.65b
Market CapPK₨11.98b

Price to Book Ratio vs Peers

How does DLL's PB Ratio compare to its peers?

The above table shows the PB ratio for DLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.4x
KAPCO Kot Addu Power
0.5xn/aPK₨30.6b
NPL Nishat Power
0.3x-19.4%PK₨10.9b
LPL Lalpir Power
0.4xn/aPK₨8.3b
ALTN Altern Energy
0.3xn/aPK₨6.2b
DLL Dawood Lawrencepur
0.7xn/aPK₨12.0b

Price-To-Book vs Peers: DLL is expensive based on its Price-To-Book Ratio (0.7x) compared to the peer average (0.4x).


Price to Book Ratio vs Industry

How does DLL's PB Ratio compare vs other companies in the Asian Renewable Energy Industry?

6 CompaniesPrice / BookEstimated GrowthMarket Cap
DLL 0.7xIndustry Avg. 1.1xNo. of Companies31PB00.81.62.43.24+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: DLL is good value based on its Price-To-Book Ratio (0.7x) compared to the Asian Renewable Energy industry average (1.1x).


Price to Book Ratio vs Fair Ratio

What is DLL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DLL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DLL's Price-To-Book 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?

Analyst Forecast: Insufficient data to show price forecast.


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