Financials Burshane LPG (Pakistan) Limited

Equities

BPL

PK0025901015

Oil & Gas Exploration and Production

End-of-day quote Pakistan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
23.4 PKR -.--% Intraday chart for Burshane LPG (Pakistan) Limited +3.91% +26.42%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,016 592.6 562.2 560.2 436.3 337.6
Enterprise Value (EV) 1 1,153 674.9 571.9 655.1 625.1 587.5
P/E ratio 51.6 x 22.8 x -5.12 x -4.67 x 16.4 x -5.08 x
Yield 1.66% 3.8% - - - -
Capitalization / Revenue 0.35 x 0.18 x 0.22 x 0.22 x 0.1 x 0.1 x
EV / Revenue 0.39 x 0.21 x 0.22 x 0.25 x 0.14 x 0.17 x
EV / EBITDA 7.74 x 4.64 x 14.1 x -8.64 x 22 x 31.3 x
EV / FCF 16.2 x 16.6 x 2.82 x -2.59 x -3.7 x -10.4 x
FCF Yield 6.17% 6.03% 35.5% -38.6% -27% -9.65%
Price to Book 1.32 x 0.72 x 0.82 x 0.97 x 0.72 x 0.62 x
Nbr of stocks (in thousands) 22,489 22,489 22,489 22,489 22,489 22,489
Reference price 2 45.20 26.35 25.00 24.91 19.40 15.01
Announcement Date 10/3/18 10/4/19 4/19/21 10/7/21 10/6/22 10/9/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 2,926 3,250 2,582 2,591 4,495 3,534
EBITDA 1 149 145.3 40.46 -75.78 28.39 18.77
EBIT 1 58.79 37.26 -53.11 -161.1 -20.02 -32.67
Operating Margin 2.01% 1.15% -2.06% -6.22% -0.45% -0.92%
Earnings before Tax (EBT) 1 53.75 65.09 -70.46 -164.3 26.43 -64.41
Net income 1 19.72 25.94 -109.8 -119.9 26.61 -66.42
Net margin 0.67% 0.8% -4.25% -4.63% 0.59% -1.88%
EPS 2 0.8766 1.153 -4.881 -5.331 1.183 -2.953
Free Cash Flow 1 71.18 40.7 203.1 -252.9 -168.8 -56.7
FCF margin 2.43% 1.25% 7.86% -9.76% -3.76% -1.6%
FCF Conversion (EBITDA) 47.79% 28.01% 501.9% - - -
FCF Conversion (Net income) 361.04% 156.89% - - - -
Dividend per Share 2 0.7500 1.000 - - - -
Announcement Date 10/3/18 10/4/19 4/19/21 10/7/21 10/6/22 10/9/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 136 82.3 9.64 94.9 189 250
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.9158 x 0.5666 x 0.2383 x -1.253 x 6.649 x 13.31 x
Free Cash Flow 1 71.2 40.7 203 -253 -169 -56.7
ROE (net income / shareholders' equity) 2.54% 3.26% -14.5% -18.9% 4.49% -11.5%
ROA (Net income/ Total Assets) 2.23% 1.38% -1.96% -6.07% -0.77% -1.29%
Assets 1 884 1,885 5,593 1,974 -3,470 5,142
Book Value Per Share 2 34.40 36.50 30.70 25.70 27.10 24.20
Cash Flow per Share 2 4.990 7.780 11.90 4.160 4.310 0.9300
Capex 1 14.6 32.5 49.3 25.7 74.7 33.7
Capex / Sales 0.5% 1% 1.91% 0.99% 1.66% 0.95%
Announcement Date 10/3/18 10/4/19 4/19/21 10/7/21 10/6/22 10/9/23
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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