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KOHE

Kohinoor Energy KASE:KOHE Stock Report

Last Price

PK₨36.87

Market Cap

PK₨6.2b

7D

-2.0%

1Y

1.7%

Updated

14 Aug, 2022

Data

Company Financials
KOHE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

KOHE Stock Overview

Kohinoor Energy Limited owns, operates, and maintains a power plant in Pakistan.

Kohinoor Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kohinoor Energy
Historical stock prices
Current Share PricePK₨36.87
52 Week HighPK₨43.50
52 Week LowPK₨31.00
Beta0.78
1 Month Change-2.23%
3 Month Change0.93%
1 Year Change1.74%
3 Year Change3.10%
5 Year Change-20.28%
Change since IPO181.95%

Recent News & Updates

Shareholder Returns

KOHEPK Renewable EnergyPK Market
7D-2.0%3.8%1.6%
1Y1.7%-9.7%-14.6%

Return vs Industry: KOHE exceeded the PK Renewable Energy industry which returned -9.7% over the past year.

Return vs Market: KOHE exceeded the PK Market which returned -14.6% over the past year.

Price Volatility

Is KOHE's price volatile compared to industry and market?
KOHE volatility
KOHE Average Weekly Movement2.5%
Renewable Energy Industry Average Movement5.0%
Market Average Movement5.3%
10% most volatile stocks in PK Market8.0%
10% least volatile stocks in PK Market3.2%

Stable Share Price: KOHE is less volatile than 75% of PK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: KOHE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994148Muhammad Zeid Saigolhttps://www.kel.com.pk

Kohinoor Energy Limited owns, operates, and maintains a power plant in Pakistan. It operates a furnace oil fired power station with a net capacity of 124 megawatts in Lahore. The company sells its electricity to Water and Power Development Authority.

Kohinoor Energy Fundamentals Summary

How do Kohinoor Energy's earnings and revenue compare to its market cap?
KOHE fundamental statistics
Market CapPK₨6.25b
Earnings (TTM)PK₨1.20b
Revenue (TTM)PK₨7.68b

5.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOHE income statement (TTM)
RevenuePK₨7.68b
Cost of RevenuePK₨6.00b
Gross ProfitPK₨1.68b
Other ExpensesPK₨479.84m
EarningsPK₨1.20b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.09
Gross Margin21.89%
Net Profit Margin15.64%
Debt/Equity Ratio40.8%

How did KOHE perform over the long term?

See historical performance and comparison

Dividends

42.7%

Current Dividend Yield

215%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 KOHE?

Other financial metrics that can be useful for relative valuation.

KOHE 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/EBITDA4.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

KOHE PE Ratio vs Peers
The above table shows the PE ratio for KOHE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.7x
ALTN Altern Energy
13.3xn/aPK₨6.5b
SPWL Saif Power
4.2xn/aPK₨7.0b
NPL Nishat Power
2.6xn/aPK₨8.7b
EPQL Engro Powergen Qadirpur
6.7xn/aPK₨9.0b
KOHE Kohinoor Energy
5.2xn/aPK₨6.2b

Price-To-Earnings vs Peers: KOHE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KOHE is expensive based on its Price-To-Earnings Ratio (5.2x) compared to the PK Renewable Energy industry average (5.2x)


Price to Earnings Ratio vs Fair Ratio

What is KOHE'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.

KOHE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: KOHE (PKR36.87) is trading below our estimate of fair value (PKR1230.02)

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


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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Future Growth

How is Kohinoor Energy 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


22.9%

Forecasted Utilities industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if KOHE's forecast earnings growth is above the savings rate (10.5%).

Earnings vs Market: Insufficient data to determine if KOHE's earnings are forecast to grow faster than the PK market

High Growth Earnings: Insufficient data to determine if KOHE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if KOHE's revenue is forecast to grow faster than the PK market.

High Growth Revenue: Insufficient data to determine if KOHE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KOHE's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Kohinoor Energy performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KOHE has high quality earnings.

Growing Profit Margin: KOHE's current net profit margins (15.6%) are lower than last year (16.3%).


Past Earnings Growth Analysis

Earnings Trend: KOHE's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: KOHE's earnings growth over the past year (11.9%) exceeds its 5-year average (11% per year).

Earnings vs Industry: KOHE earnings growth over the past year (11.9%) exceeded the Renewable Energy industry -15%.


Return on Equity

High ROE: KOHE's Return on Equity (21.4%) is considered high.


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Financial Health

How is Kohinoor Energy's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KOHE's short term assets (PKR5.4B) exceed its short term liabilities (PKR2.6B).

Long Term Liabilities: KOHE's short term assets (PKR5.4B) exceed its long term liabilities (PKR14.3M).


Debt to Equity History and Analysis

Debt Level: KOHE's net debt to equity ratio (30.1%) is considered satisfactory.

Reducing Debt: KOHE's debt to equity ratio has increased from 36.4% to 40.8% over the past 5 years.

Debt Coverage: KOHE's debt is well covered by operating cash flow (245.2%).

Interest Coverage: KOHE's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


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Dividend

What is Kohinoor Energy current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


42.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KOHE's dividend (42.72%) is higher than the bottom 25% of dividend payers in the PK market (3.74%).

High Dividend: KOHE's dividend (42.72%) is in the top 25% of dividend payers in the PK market (10.34%)


Stability and Growth of Payments

Stable Dividend: KOHE's dividend payments have been volatile in the past 10 years.

Growing Dividend: KOHE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (215.2%), KOHE's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


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Management

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

1.7yrs

Average board tenure


CEO

Muhammad Zeid Saigol

1.42yrs

Tenure

Mr. Muhammad Zeid Yousuf Saigol is Chief Executive Officer and Executive Director of Kohinoor Power Company Ltd since February 28, 2018. He has been Chief Executive Officer and Director of Kohinoor Industr...


Board Members

Experienced Board: KOHE's board of directors are not considered experienced ( 1.7 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

Kohinoor Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kohinoor Energy Limited
  • Ticker: KOHE
  • Exchange: KASE
  • Founded: 1994
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Implied Market Cap: PK₨6.248b
  • Shares outstanding: 169.46m
  • Website: https://www.kel.com.pk

Number of Employees


Location

  • Kohinoor Energy Limited
  • Post Office Raja Jang
  • Near Tablighi Ijtima
  • Lahore
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/09/30
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.