First National Equities Limited (PSX:FNEL)

First National Equities Statistics

Total Valuation

PSX:FNEL has a market cap or net worth of PKR 3.69 billion.

Market Cap	3.69B
Enterprise Value	n/a

Important Dates

The last earnings date was Tuesday, April 28, 2026.

Earnings Date	Apr 28, 2026
Ex-Dividend Date	n/a

Share Statistics

PSX:FNEL has 2.67 billion shares outstanding. The number of shares has decreased by -0.11% in one year.

Current Share Class	2.67B
Shares Outstanding	2.67B
Shares Change (YoY)	-0.11%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	11.13%
Owned by Institutions (%)	n/a
Float	1.61B

Valuation Ratios

The trailing PE ratio is 9.62.

PE Ratio	9.62
Forward PE	n/a
PS Ratio	7.76
PB Ratio	2.45
P/TBV Ratio	2.50
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.16, with a Debt / Equity ratio of 0.25.

Current Ratio	1.16
Quick Ratio	1.14
Debt / Equity	0.25
Debt / EBITDA	n/a
Debt / FCF	-1.54
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 29.21% and return on invested capital (ROIC) is 20.63%.

Return on Equity (ROE)	29.21%
Return on Assets (ROA)	19.22%
Return on Invested Capital (ROIC)	20.63%
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	10.39%
Revenue Per Employee	79.23M
Profits Per Employee	63.91M
Employee Count	6
Asset Turnover	0.24
Inventory Turnover	n/a

Taxes

In the past 12 months, PSX:FNEL has paid 18.36 million in taxes.

Income Tax	18.36M
Effective Tax Rate	4.57%

Stock Price Statistics

The stock price has increased by +334.78% in the last 52 weeks. The beta is 1.31, so PSX:FNEL's price volatility has been higher than the market average.

Beta (5Y)	1.31
52-Week Price Change	+334.78%
50-Day Moving Average	1.32
200-Day Moving Average	1.38
Relative Strength Index (RSI)	49.89
Average Volume (20 Days)	47,519,351

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, PSX:FNEL had revenue of PKR 475.36 million and earned 383.45 million in profits. Earnings per share was 0.14.

Revenue	475.36M
Gross Profit	475.36M
Operating Income	408.92M
Pretax Income	401.81M
Net Income	383.45M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	0.14

Balance Sheet

The company has 6.05 million in cash and 375.22 million in debt, with a net cash position of -369.17 million or -0.14 per share.

Cash & Cash Equivalents	6.05M
Total Debt	375.22M
Net Cash	-369.17M
Net Cash Per Share	-0.14
Equity (Book Value)	1.51B
Book Value Per Share	0.56
Working Capital	42.91M

Cash Flow

In the last 12 months, operating cash flow was -80.64 million and capital expenditures -163.05 million, giving a free cash flow of -243.69 million.

Operating Cash Flow	-80.64M
Capital Expenditures	-163.05M
Depreciation & Amortization	n/a
Net Borrowing	-52.56M
Free Cash Flow	-243.69M
FCF Per Share	-0.09

Margins

Gross margin is 100.00%, with operating and profit margins of 86.02% and 80.67%.

Gross Margin	100.00%
Operating Margin	86.02%
Pretax Margin	84.53%
Profit Margin	80.67%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

PSX:FNEL does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	0.11%
Shareholder Yield	0.11%
Earnings Yield	10.40%
FCF Yield	-6.61%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on February 2, 2026. It was a forward split with a ratio of 10.

Last Split Date	Feb 2, 2026
Split Type	Forward
Split Ratio	10

Scores

Altman Z-Score	n/a
Piotroski F-Score	4