Improving fertilizer dynamics opening up valuations
Category: Fertilizer
Urea off-take increased 2.5x Y/Y in Jan’21
Dear Clients, Urea off-take increased 2.5x Y/Y in Jan’21 because of low base effect As per the latest data released by NFDC, domestic urea sales increased 2.5x Y/Y to 649k tons in Jan21 due to low base effect. To recall, urea off-take decreased to 262k tons in Jan19 as the dealers built up significant urea… Continue reading Urea off-take increased 2.5x Y/Y in Jan’21
Engro Corporation (ENGRO)
Earnings grow by 52% as investments perform
Fauji Fertilizer Bin Qasim Limited (FFBL)
Analyst Briefing Takeaways
ENGRO FERTILIZER
CY20 Result Review
Engro Polymer and Chemicals Limited (EPCL)
Analyst Briefing Takeaways
EPCL records another stellar quarter
records another stellar quarter with EPS at PkR4.03/sh – overshoots
Fauji Fertilizer Company Limited (FFC)
Dear Clients, Fauji Fertilizer Company Limited (FFC) held its analyst briefing today to discuss financial performance for CY20 and company outlook going forward. Key Highlights – The company’s market share in urea increased by 200bps to 42% in CY20 as opposed to 40% in CY19. Combined share of FFC and FFBL improved to 51% in… Continue reading Fauji Fertilizer Company Limited (FFC)
EFERT – Analyst Briefing Highlights
EFERT’s earnings dipped by 38% YoY to PKR 4,457mn during 1HCY20 primarily due to lower sales, which fell by ~5% YoY to 847kT (a market share of 32%). EFERT’s off-take during the period was primarily suppressed due to the pricing discrepancy between its product and the industry. Onwards, the company expects the situation to normalize,… Continue reading EFERT – Analyst Briefing Highlights
EFERT Result Review – Earnings recover amid rising off-take
Engro Fertilizers (EFERT) announced its results earlier today, posting earnings of PKR 3,886mn (EPS: PKR 2.91) during 2QCY20, up 7x QoQ compared with earnings of PKR 571mn (EPS: PKR 0.43) recorded the preceding quarter. Earnings growth largely emanated from higher off-take during the period. On a cumulative basis, the company’s earnings dipped by 38% YoY… Continue reading EFERT Result Review – Earnings recover amid rising off-take
