Back of fag paper calculation, Current market around 160 billion
Earnings 32 billion per quarter, yearly would make around 128 billion, with profit around 5 billion per quarter
Share price around 586 seems like it’s trading around its 1.3 * it’s earning when other nepali stocks trades mostly 20-30 times it’s earnings. Seems like quite cheap based on it’s earnings n all also 30% cash n equity dividend. Looks good for long term hold. Current profit margin around 16-17% but with lower interest rate implementing by nrb might be slight fall in profit margin 14-15% in incoming quarter. Although nabil ko dealer license business has tremendous future if they start market making for nepse. Credit default rate might be high in last 2 yrs and in next 1-2 yrs but certainly made 5 billion in the quarter. I guess it depends on how much mark up values they are putting on default collaterals in balance sheet. Nepal macro picture is not so rosy yet with the budget throwing less government spending this year might be further less money circulating however with easing monetary policy credit might be slightly cheaper although inflation is still high n could be higher with all the new tax getting implemented, fuel price Kati ko ghataucha herum international oil price is quite low this has to surely feed into Nepal oil corp price ma. Tara k garnu Chor ko desh cha ghataune haina. Hence inflation high nai hola tehi bhayera interest rate ni high nai rakcha hola. Ek dui percent ghatla. Sarkar le kitta kat kholeko cha this might bring in some land buy/sell certainly good for banks too. Overall depending on how big are credit default rates and collateral mark up value in balance sheet. Malai cha thikai nai lagdai cha yo price range haru tira entry garnu might start buying in batches nepse ko alikati correction hola at this levels dekhi 2k level tira so might still further go down. Just my opinion. Like always dyor.
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