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KEL

K-Electric KASE:KEL Stock Report

Last Price

PK₨2.50

Market Cap

PK₨69.0b

7D

-1.6%

1Y

-39.8%

Updated

23 May, 2022

Data

Company Financials
KEL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends0/6

KEL Stock Overview

K-Electric Limited engages in the generation, transmission, and distribution of electric energy in Pakistan.

K-Electric Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for K-Electric
Historical stock prices
Current Share PricePK₨2.50
52 Week HighPK₨4.88
52 Week LowPK₨2.49
Beta0.67
1 Month Change-14.97%
3 Month Change-23.08%
1 Year Change-39.76%
3 Year Change-39.17%
5 Year Change-67.91%
Change since IPO-92.59%

Recent News & Updates

Shareholder Returns

KELPK Electric UtilitiesPK Market
7D-1.6%-1.3%-0.5%
1Y-39.8%-37.8%-13.6%

Return vs Industry: KEL underperformed the PK Electric Utilities industry which returned -37% over the past year.

Return vs Market: KEL underperformed the PK Market which returned -12.1% over the past year.

Price Volatility

Is KEL's price volatile compared to industry and market?
KEL volatility
KEL Average Weekly Movement4.5%
Electric Utilities Industry Average Movement5.0%
Market Average Movement5.7%
10% most volatile stocks in PK Market8.9%
10% least volatile stocks in PK Market3.4%

Stable Share Price: KEL is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KEL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191310,274Syed Moonis Alvihttps://www.ke.com.pk

K-Electric Limited engages in the generation, transmission, and distribution of electric energy in Pakistan. It supplies electricity to industrial, commercial, and residential consumers located primarily in Karachi, as well as in the Hub, Uthal, Vinder, and Bela in Baluchistan. The company has an installed generation capacity of approximately 1,057 MW.

K-Electric Fundamentals Summary

How do K-Electric's earnings and revenue compare to its market cap?
KEL fundamental statistics
Market CapPK₨69.04b
Earnings (TTM)PK₨8.44b
Revenue (TTM)PK₨389.05b

8.2x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KEL income statement (TTM)
RevenuePK₨389.05b
Cost of RevenuePK₨326.92b
Gross ProfitPK₨62.12b
Other ExpensesPK₨53.68b
EarningsPK₨8.44b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.31
Gross Margin15.97%
Net Profit Margin2.17%
Debt/Equity Ratio91.7%

How did KEL perform over the long term?

See historical performance and comparison

Valuation

Is K-Electric undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


8.18x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KEL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KEL's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: KEL is good value based on its PE Ratio (8.2x) compared to the Asian Electric Utilities industry average (17.8x).

PE vs Market: KEL is poor value based on its PE Ratio (8.2x) compared to the PK market (5.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KEL's PB Ratio (0.3x) is in line with the PK Electric Utilities industry average.


Future Growth

How is K-Electric forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.9%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as K-Electric has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has K-Electric performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KEL has high quality earnings.

Growing Profit Margin: KEL's current net profit margins (2.2%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: KEL's earnings have declined by 19.1% per year over the past 5 years.

Accelerating Growth: KEL's earnings growth over the past year (655%) exceeds its 5-year average (-19.1% per year).

Earnings vs Industry: KEL earnings growth over the past year (655%) exceeded the Electric Utilities industry 2%.


Return on Equity

High ROE: KEL's Return on Equity (3.7%) is considered low.


Financial Health

How is K-Electric's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KEL's short term assets (PKR460.0B) do not cover its short term liabilities (PKR535.3B).

Long Term Liabilities: KEL's short term assets (PKR460.0B) exceed its long term liabilities (PKR140.4B).


Debt to Equity History and Analysis

Debt Level: KEL's net debt to equity ratio (88.7%) is considered high.

Reducing Debt: KEL's debt to equity ratio has increased from 28.3% to 91.7% over the past 5 years.

Debt Coverage: KEL's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: KEL's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Dividend

What is K-Electric 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate KEL'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 KEL's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

4.0yrs

Average management tenure


CEO

Syed Moonis Alvi

3.92yrs

Tenure

Mr. Syed Moonis Abdullah Alvi has been Chief Executive Officer at K-Electric Limited (formerly, Karachi Electricity Supply Corporation) since June 07, 2018 and was the Chief Financial Officer until Novembe...


Leadership Team

Experienced Management: KEL's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: KEL's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


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

K-Electric Limited's employee growth, exchange listings and data sources


Key Information

  • Name: K-Electric Limited
  • Ticker: KEL
  • Exchange: KASE
  • Founded: 1913
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: PK₨69.038b
  • Shares outstanding: 27.62b
  • Website: https://www.ke.com.pk

Number of Employees


Location

  • K-Electric Limited
  • KE House
  • 39-B, Sunset Boulevard
  • Karachi
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 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.