Company Valuation: Orient Rental Modaraba

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 487.5 525 551.2 451.5 522.8 768.8
Change - 7.69% 5% -18.1% 15.78% 47.06%
Enterprise Value (EV) 1 976.1 1,074 923.8 801.4 689.9 1,212
Change - 10.05% -13.99% -13.26% -13.92% 75.64%
P/E 16.1x 3.36x 3.24x 2.41x 2.39x 3.59x
PBR 0.59x 0.54x 0.52x 0.36x 0.37x 0.51x
PEG - 0x 0.37x 0.2x 0.1x -1.79x
Capitalization / Revenue 0.42x 0.39x 0.33x 0.26x 0.25x 0.31x
EV / Revenue 0.84x 0.79x 0.55x 0.45x 0.33x 0.49x
EV / EBITDA 3.15x 2.37x 1.66x 1.48x 1.18x 1.72x
EV / EBIT 6.64x 4.06x 2.78x 2.16x 1.61x 2.67x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.18 1 - 1 1.2 1.2
Rate of return 2.77% 14.3% - 16.6% 17.2% 11.7%
EPS 2 0.4041 2.086 2.268 2.5 2.912 2.853
Distribution rate 44.5% 47.9% - 40% 41.2% 42.1%
Net sales 1 1,161 1,351 1,689 1,762 2,122 2,457
EBITDA 1 310.3 452.5 555.7 540.1 586.1 703.9
EBIT 1 146.9 264.4 332.1 370.3 427.7 453.7
Net income 1 30.3 156.5 170.1 187.5 218.4 214
Net Debt 1 488.6 549.1 372.6 349.9 167.1 442.9
Reference price 2 6.50 7.00 7.35 6.02 6.97 10.25
Nbr of stocks (in thousands) 75,000 75,000 75,000 75,000 75,000 75,000
Announcement Date 10/5/20 A 10/6/21 A 10/5/22 A 10/4/23 A 10/3/24 A 10/6/25 A
1PKR in Million2PKR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.8M
9.1x7.58x8.79x1.12% 22.73B
11.7x4.22x45.61x2.9% 7.51B
8.35x9.12x9.71x4.66% 6.97B
17.32x7.39x11.75x1.52% 6.15B
27.09x3.71x9.15x1.02% 5.04B
3.15x - - - 2.53B
21.22x - - 3.73% 2.38B
Average 13.99x 6.40x 17.00x 2.49% 6.66B
Weighted average by Cap. 12.28x 6.85x 15.05x 2.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Orient Rental Modaraba
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