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Comparison

Siemens (Pakistan) Engineering vs Waves Corporation Limited

Siemens (Pakistan) Engineering (SIEM) is worth Rs 12.9 bn at the latest close, 5.2 times the market value of Waves Corporation Limited (WAVES) at Rs 2.5 bn. In their latest annual results SIEM reported revenue of Rs 8.9 bn (FY2025) and WAVES Rs 4.8 bn (FY2025). SIEM trades at 15.6× earnings and WAVES at 5.7×.

SIEM and WAVES compared
Latest SIEM FY2025 WAVES FY2025
Price Rs 1,567.00 Rs 8.90
Market value Rs 12.9 bn Rs 2.5 bn
P/E 15.6× 5.7× (stronger)
P/B 2.09× 0.25× (stronger)
Dividend yield 0.0% 0.0%
Revenue (latest year) Rs 8.9 bn Rs 4.8 bn
Revenue growth, year on year -8.7% 21.2% (stronger)
Revenue growth, 5 years a year -7.1% (stronger) -10.9%
Profit (latest year) Rs 829.4 mn (stronger) Rs 436.6 mn
EPS (latest year) Rs 100.57 Rs 1.55
Dividend per share Rs 0.00 Rs 0.00
Net margin 1.2% 11.1% (stronger)
Return on equity 1.8% 4.3% (stronger)
Debt to equity 7.1% (stronger) 55.2%
Current ratio 1.84× (stronger) 1.70×
Dividend streak (years) 0 0

Highlighted: the higher figure where higher is usually stronger (growth, margins, returns, yield) or the lower where lower is (P/E, P/B, debt). A highlight is a comparison, not a recommendation.

Revenue by fiscal year SIEM WAVES
Revenue by fiscal year Rs 29 bn SIEM FY2016: Rs 10.2 bn WAVES FY2016: Rs 1.4 bn FY2016 SIEM FY2017: Rs 14.6 bn WAVES FY2017: Rs 3.7 bn FY2017 SIEM FY2018: Rs 19.5 bn WAVES FY2018: Rs 8.5 bn FY2018 SIEM FY2019: Rs 16.7 bn WAVES FY2019: Rs 9.5 bn FY2019 SIEM FY2020: Rs 12.8 bn WAVES FY2020: Rs 8.5 bn FY2020 SIEM FY2021: Rs 14.3 bn WAVES FY2021: Rs 10.4 bn FY2021 SIEM FY2022: Rs 18.7 bn WAVES FY2022: Rs 9.9 bn FY2022 SIEM FY2023: Rs 29.4 bn WAVES FY2023: Rs 5.2 bn FY2023 SIEM FY2024: Rs 9.7 bn WAVES FY2024: Rs 3.9 bn FY2024 SIEM FY2025: Rs 8.9 bn WAVES FY2025: Rs 4.8 bn FY2025
Profit by fiscal year SIEM WAVES
Profit by fiscal year Rs 2 bn -Rs 2 bn SIEM FY2016: Rs 2.1 bn WAVES FY2016: Rs 95.1 mn FY2016 SIEM FY2017: Rs 1.1 bn WAVES FY2017: Rs 312.1 mn FY2017 SIEM FY2018: Rs 1.2 bn WAVES FY2018: Rs 382.1 mn FY2018 SIEM FY2019: Rs 709.5 mn WAVES FY2019: Rs 378.3 mn FY2019 SIEM FY2020: -Rs 496.0 mn WAVES FY2020: Rs 127.5 mn FY2020 SIEM FY2021: Rs 850.0 mn WAVES FY2021: Rs 318.6 mn FY2021 SIEM FY2022: Rs 1.7 bn WAVES FY2022: Rs 236.4 mn FY2022 SIEM FY2023: Rs 970.8 mn WAVES FY2023: Rs 226.7 mn FY2023 SIEM FY2024: -Rs 2.0 bn WAVES FY2024: Rs 1.0 bn FY2024 SIEM FY2025: Rs 829.4 mn WAVES FY2025: Rs 436.6 mn FY2025

Prices at the latest close; financial figures from each company's latest annual report. Information only, not investment advice.