Added to YB: 2026-08-04
Pitch date: 2026-08-02
HUBC.KA [neutral]
The Hub Power Company Limited
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
The Hub Power Company Limited, together with its subsidiaries, engages in the development, ownership, operation, and maintenance of power stations in Pakistan.
Market Cap
PKR 281.6B
Pitch Price
N/A
Price Target
N/A
Dividend
6.91%
EV/EBITDA
4.41
P/E
6.41
EV/Sales
4.87
Sector
Independent Power and Renewable Electricity Producers
Category
dividend
The Hub Power Company
HUBC.KA (overview): Pakistan's largest IPP transformed post-2024 base plant PPA termination into diversified energy platform (Thar coal, CPHGC, upstream gas, BYD EVs). 9MFY26 rev -22% but PBT +6%; profits now via associates (Rs32.3B). ~6x FY26 P/E, 9% covered yield. Fair value on power book alone at Rs219; platform is free option. Add near Rs190. Key risk: state counterparty/contract renegotiation.
Read full article (17 min)