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

NPL is good value based on its Price-To-Earnings Ratio (2.3x) compared to the peer average (2.5x).

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

NPL is good value based on its Price-To-Earnings Ratio (2.3x) compared to the Asian Renewable Energy industry average (15x).

What is NPL'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.

NPL is expensive based on its Price-To-Earnings Ratio (2.3x) compared to the estimated Fair Price-To-Earnings Ratio (1.7x).

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

NPL (PKR35.73) is trading below our estimate of [[fair value]] (PKR56.57)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

NPL Stock Overview

Nishat Power Limited builds, owns, operates, and maintains fuel fired power plants in Pakistan. More details

NPL fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 36.8% below our estimate of its fair value

Earnings grew by 21.3% over the past year

Analysts in good agreement that stock price will rise by 35.2%

Risk Analysis

Earnings are forecast to decline by an average of 19.4% per year for the next 3 years

Highly volatile share price over the past 3 months compared to the PK market

Does not have a meaningful market cap (PKR13B)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Nishat Power Limited Competitors

Lalpir Power

KASE:LPL

PK₨8.2b

Engro Powergen Qadirpur

KASE:EPQL

PK₨8.6b

Altern Energy

KASE:ALTN

PK₨8.2b

Saif Power

KASE:SPWL

PK₨5.4b

Price History & Performance

Summary of share price highs, lows and changes for Nishat Power
Historical stock prices
Current Share Price	PK₨35.73
52 Week High	PK₨43.38
52 Week Low	PK₨24.11
Beta	0.38
1 Month Change	11.80%
3 Month Change	-3.59%
1 Year Change	11.20%
3 Year Change	83.23%
5 Year Change	31.12%
Change since IPO	180.02%

Recent updates

Shareholder Returns

	NPL	PK Renewable Energy	PK Market
7D	3.0%	-1.0%	1.0%
1Y	11.2%	12.7%	53.6%

Return vs Industry: NPL underperformed the PK Renewable Energy industry which returned 12.7% over the past year.

Return vs Market: NPL underperformed the PK Market which returned 53.6% over the past year.

Price Volatility

Is NPL's price volatile compared to industry and market?
NPL volatility
NPL Average Weekly Movement	10.3%
Renewable Energy Industry Average Movement	7.2%
Market Average Movement	7.2%
10% most volatile stocks in PK Market	10.3%
10% least volatile stocks in PK Market	4.9%

Stable Share Price: NPL's share price has been volatile over the past 3 months compared to the PK market.

Volatility Over Time: NPL's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of PK stocks.

About the Company

Founded	Employees	CEO	Website
2007	210	Ghazanfar Mirza	nishatpower.com

Nishat Power Limited builds, owns, operates, and maintains fuel fired power plants in Pakistan. It operates power plants based on reciprocating engine technology in Jamber Kalan, Tehsil Pattoki, and District Kasur in Punjab, Pakistan. The company was incorporated in 2007 and is headquartered in Lahore, Pakistan.

Nishat Power Limited Fundamentals Summary

How do Nishat Power's earnings and revenue compare to its market cap?
NPL fundamental statistics
Market cap	PK₨12.02b
Earnings (TTM)	PK₨5.58b
Revenue (TTM)	PK₨15.45b

2.3x

P/E Ratio

0.8x

P/S Ratio

Is NPL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NPL income statement (TTM)
Revenue	PK₨15.45b
Cost of Revenue	PK₨10.30b
Gross Profit	PK₨5.15b
Other Expenses	-PK₨430.43m
Earnings	PK₨5.58b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	15.77
Gross Margin	33.36%
Net Profit Margin	36.15%
Debt/Equity Ratio	7.2%

How did NPL perform over the long term?

See historical performance and comparison

Dividends

26.6%

Current Dividend Yield

73%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 15:20
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nishat Power Limited is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	AKD Research
Altamash Hemani	Akseer Research (Pvt.) Limited
Shahmir Khan	Akseer Research (Pvt.) Limited

NPL Stock Overview

Rewards

Risk Analysis

Nishat Power Limited Competitors

KASE:LPL

PK₨8.2b

KASE:EPQL

PK₨8.6b

KASE:ALTN

PK₨8.2b

KASE:SPWL

PK₨5.4b

Price History & Performance

Recent News & Updates

Investor sentiment improves as stock rises 18%

Price target increased by 9.1% to PK₨44.93

Upcoming dividend of PK₨2.00 per share

Upcoming dividend of PK₨5.00 per share

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Nishat Power Limited, Annual General Meeting, Oct 24, 2024

Recent updates

Investor sentiment improves as stock rises 18%

Price target increased by 9.1% to PK₨44.93

Upcoming dividend of PK₨2.00 per share

Upcoming dividend of PK₨5.00 per share

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Nishat Power Limited, Annual General Meeting, Oct 24, 2024

Dividend of PK₨5.00 announced

Nishat Power Limited, Annual General Meeting, Oct 24, 2024

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 16%

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings released: EPS: PK₨2.42 (vs PK₨3.11 in 2Q 2023)

Dividend of PK₨2.50 announced

Price target increased by 25% to PK₨30.10

Investor sentiment improves as stock rises 18%

New minor risk - Share price stability

Upcoming dividend of PK₨3.00 per share at 26% yield

Full year 2023 earnings: EPS exceeds analyst expectations

Price target decreased by 8.4% to PK₨24.16

Now 20% undervalued

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: PK₨2.35 (vs PK₨3.22 in 3Q 2022)

Now 26% undervalued after recent price drop

Consensus EPS estimates increase by 14%

Less than half of directors are independent

Upcoming dividend of PK₨2.00 per share

Price target decreased to PK₨27.97

Upcoming dividend of PK₨2.50 per share

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Price target decreased to PK₨35.00

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS PK₨2.58 (vs PK₨2.60 in 1Q 2021)

Price target decreased to PK₨39.50

Upcoming dividend of PK₨1.50 per share

Full year 2021 earnings released: EPS PK₨7.57 (vs PK₨13.96 in FY 2020)

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS PK₨1.86 (vs PK₨3.64 in 3Q 2020)

Earnings beat expectations, revenue disappoints

Second quarter 2021 earnings released: EPS PK₨1.54 (vs PK₨3.27 in 2Q 2020)

Investor sentiment improved over the past week

New 90-day high: PK₨25.38

New 90-day high: PK₨24.51

New 90-day low: PK₨20.87

First quarter earnings released

First-quarter earnings released: Revenue and earnings beat expectations

New 90-day high - PK₨24.94

Upcoming Dividend of PK₨1.00 Per Share

Price target raised to PK₨37.00

Shareholder Returns

Price Volatility

About the Company