Waves Corporation Limited (PSX:WAVES)

Waves Corporation Statistics

Total Valuation

PSX:WAVES has a market cap or net worth of PKR 3.41 billion. The enterprise value is 13.90 billion.

Market Cap	3.41B
Enterprise Value	13.90B

Important Dates

The next estimated earnings date is Wednesday, October 29, 2025.

Earnings Date	Oct 29, 2025
Ex-Dividend Date	n/a

Share Statistics

PSX:WAVES has 281.41 million shares outstanding. The number of shares has decreased by -4.84% in one year.

Current Share Class	281.41M
Shares Outstanding	281.41M
Shares Change (YoY)	-4.84%
Shares Change (QoQ)	-37.72%
Owned by Insiders (%)	41.66%
Owned by Institutions (%)	0.00%
Float	144.99M

Valuation Ratios

The trailing PE ratio is 2.68.

PE Ratio	2.68
Forward PE	n/a
PS Ratio	0.80
PB Ratio	0.25
P/TBV Ratio	0.45
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.19, with an EV/FCF ratio of -16.60.

EV / Earnings	11.38
EV / Sales	3.25
EV / EBITDA	7.19
EV / EBIT	8.50
EV / FCF	-16.60

Financial Position

The company has a current ratio of 1.95, with a Debt / Equity ratio of 0.55.

Current Ratio	1.95
Quick Ratio	1.26
Debt / Equity	0.55
Debt / EBITDA	3.83
Debt / FCF	-8.84
Interest Coverage	1.91

Financial Efficiency

Return on equity (ROE) is 10.53% and return on invested capital (ROIC) is 5.30%.

Return on Equity (ROE)	10.53%
Return on Assets (ROA)	4.30%
Return on Invested Capital (ROIC)	5.30%
Return on Capital Employed (ROCE)	8.15%
Revenue Per Employee	5.20M
Profits Per Employee	1.49M
Employee Count	822
Asset Turnover	0.18
Inventory Turnover	0.73

Taxes

Income Tax	-3.87M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +94.29% in the last 52 weeks. The beta is 0.57, so PSX:WAVES's price volatility has been lower than the market average.

Beta (5Y)	0.57
52-Week Price Change	+94.29%
50-Day Moving Average	11.50
200-Day Moving Average	8.88
Relative Strength Index (RSI)	54.51
Average Volume (20 Days)	6,915,883

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:WAVES had revenue of PKR 4.27 billion and earned 1.22 billion in profits. Earnings per share was 4.52.

Revenue	4.27B
Gross Profit	1.26B
Operating Income	1.64B
Pretax Income	1.31B
Net Income	1.22B
EBITDA	1.92B
EBIT	1.64B
Earnings Per Share (EPS)	4.52

Balance Sheet

The company has 108.53 million in cash and 7.40 billion in debt, giving a net cash position of -7.29 billion or -25.91 per share.

Cash & Cash Equivalents	108.53M
Total Debt	7.40B
Net Cash	-7.29B
Net Cash Per Share	-25.91
Equity (Book Value)	13.53B
Book Value Per Share	58.36
Working Capital	4.51B

Cash Flow

In the last 12 months, operating cash flow was -769.70 million and capital expenditures -67.64 million, giving a free cash flow of -837.34 million.

Operating Cash Flow	-769.70M
Capital Expenditures	-67.64M
Free Cash Flow	-837.34M
FCF Per Share	-2.98

Margins

Gross margin is 29.45%, with operating and profit margins of 38.27% and 28.59%.

Gross Margin	29.45%
Operating Margin	38.27%
Pretax Margin	30.76%
Profit Margin	28.59%
EBITDA Margin	44.91%
EBIT Margin	38.27%
FCF Margin	n/a

Dividends & Yields

PSX:WAVES 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	4.84%
Shareholder Yield	4.84%
Earnings Yield	35.79%
FCF Yield	-24.53%

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 October 3, 2019. It was a forward split with a ratio of 1.15.

Last Split Date	Oct 3, 2019
Split Type	Forward
Split Ratio	1.15

Scores

PSX:WAVES has an Altman Z-Score of 0.81 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.81
Piotroski F-Score	4