
Benchmarks	-	Full Ticker
First Elite Capital Modaraba	-	KASE:FECM
Saudi Pak Consultancy Company Limited	-	KASE:SPCL
First IBL Modaraba	-	KASE:FIBLM
First Fidelity Leasing Modaraba	-	KASE:FFLM
First Prudential Modaraba	-	KASE:WASL
First Capital Securities Corporation Limited	-	KASE:FCSC

Multiples Valuation: Price / Book

股價

2.72 PKR

公允價值

2.80 PKR

看漲

3.4%

Price / Book Multiple

Fair Value

Benchmark Editor


Select Price / Book Ratio

	Benchmark Companies
	FECM	SPCL	FIBLM	FFLM	WASL	FCSC
	KASE:FECM	KASE:SPCL	KASE:FIBLM	KASE:FFLM	KASE:WASL	KASE:FCSC
Historical Net Income Growth
5Y CAGR	NM-	73.8%	19.5%	NM-	92.7%	NM-
3Y CAGR	77.0%	330.1%	57.8%	NM-	87.4%	NM-
Latest Twelve Months	547.9%	-79.0%	-0.7%	-200.6%	-82.9%	172.2%

Historical Net Income Profit Margin
5 Year Average Margin	3.0%	-911.7%	15.8%	-55.8%	29.1%	-11.6%
Prior Fiscal Year	-20.8%	55.1%	28.0%	-14.0%	61.8%	-19.2%
Latest Fiscal Year	61.6%	95.0%	22.0%	-260.0%	29.5%	-8.3%
Latest Twelve Months	60.0%	18.3%	32.9%	-127.9%	11.1%	41.2%

Return on Equity
5 Year Average Margin	1.3%	NA	3.2%	-2.2%	6.6%	-0.5%
Prior Fiscal Year	-7.4%	NM	5.1%	-0.7%	14.1%	-6.8%
Latest Twelve Months	23.5%	NM	7.7%	-4.3%	2.5%	16.8%
Next Fiscal Year	#NUM!	#NUM!	5.9%	#NUM!	10.7%	5.0%
Two Fiscal Years Forward	19.5%	-92.5%	6.6%	-7.8%	11.8%	4.8%

Current Trading Multiples
Price / LTM Sales	6.9x	0.3x	3.9x	19.0x	3.5x	1.7x
Price / LTM EPS	11.4x	1.5x	11.8x	-14.8x	31.5x	4.0x
Price / Book	2.4x	0.0x	0.9x	0.6x	0.8x	0.6x
Price / Fwd Book	2.4x	-0.1x	0.9x	0.7x	0.7x	0.5x


	Low	Mid	High

Benchmark P/B Ratio	0.0x	0.8x	2.4x
Historical P/B Ratio	0.3x	0.4x	0.9x

Selected P/B Multiple	0.6x	0.6x	0.7x
(x) Book Value	1,391	1,391	1,391

支援算式

Equity Waterfall

Financials

Historical Multiples


Equity Value

	Benchmark Companies
(in millions)	FECM	SPCL	FIBLM	FFLM	WASL	FCSC

Value of Common Equity	295	41	201	199	581	858
(/) Shares Outstanding	11.3	45.2	21.7	26.4	129.4	316.6
Implied Stock Price	26.00	0.90	9.29	7.52	4.49	2.71
FX Conversion Rate to Trading Currency	1.00	1.00	1.00	1.00	1.00	1.00
Implied Stock Price (Trading Cur)	26.00	0.90	9.29	7.52	4.49	2.71

Trading Currency	PKR	PKR	PKR	PKR	PKR	PKR
FX Rate to Reporting Currency	1.00	1.00	1.00	1.00	1.00	1.00

載入錯誤

First Capital Securities Corporation Ltd