Adamjee Insurance Company Ltd
Adamjee Insurance Company Ltd operates in Property & Casualty Insurance.
Adamjee Insurance Company Ltd (AICL) - Net Assets
Latest net assets as of June 2024: PKRs36.53 Billion PKR
Based on the latest financial reports, Adamjee Insurance Company Ltd (AICL) has net assets worth PKRs36.53 Billion PKR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs189.45 Billion) and total liabilities (PKRs152.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | PKRs36.53 Billion |
| % of Total Assets | 19.28% |
| Annual Growth Rate | -2.84% |
| 5-Year Change | 44.44% |
| 10-Year Change | N/A |
| Growth Volatility | 25.49 |
Adamjee Insurance Company Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Adamjee Insurance Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adamjee Insurance Company Ltd (2016–2023)
The table below shows the annual net assets of Adamjee Insurance Company Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs31.78 Billion | +24.10% |
| 2022-12-31 | PKRs25.61 Billion | -0.03% |
| 2021-12-31 | PKRs25.62 Billion | +13.18% |
| 2020-12-31 | PKRs22.64 Billion | +2.88% |
| 2019-12-31 | PKRs22.00 Billion | +9.52% |
| 2018-12-31 | PKRs20.09 Billion | +20.95% |
| 2017-12-31 | PKRs16.61 Billion | -57.29% |
| 2016-12-31 | PKRs38.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adamjee Insurance Company Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 68.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs19.85 Billion | 63.33% |
| Other Components | PKRs11.49 Billion | 36.67% |
| Total Equity | PKRs31.34 Billion | 100.00% |
Adamjee Insurance Company Ltd Competitors by Market Cap
The table below lists competitors of Adamjee Insurance Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia Pacific Securities JSC
VN:APS
|
$2.45K |
|
SFS REAL ESTATE INVESTMENT TRUST
XNSA:SFSREIT
|
$2.45K |
|
Aquila European Renewables Income PLC
LSE:AERI
|
$2.45K |
|
PowerHouse Energy Group Plc
LSE:PHE
|
$2.45K |
|
Leiner Pak Gelatine Ltd
KAR:LPGL
|
$2.45K |
|
Better Therapeutics Inc
OTCMKTS:BTTX
|
$2.45K |
|
Arma Services Inc
PINK:ARMV
|
$2.45K |
|
Viet Tien Son Real Estate Holding Co
VN:AAV
|
$2.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adamjee Insurance Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 25,236,918,000 to 31,342,962,000, a change of 6,106,044,000 (24.2%).
- Net income of 2,626,107,000 contributed positively to equity growth.
- Dividend payments of 1,286,990,000 reduced retained earnings.
- Other factors increased equity by 4,766,927,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs2.63 Billion | +8.38% |
| Dividends Paid | PKRs1.29 Billion | -4.11% |
| Other Changes | PKRs4.77 Billion | +15.21% |
| Total Change | PKRs- | 24.19% |
Book Value vs Market Value Analysis
This analysis compares Adamjee Insurance Company Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.53x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | PKRs47.33 | PKRs72.55 | x |
| 2018-12-31 | PKRs56.58 | PKRs72.55 | x |
| 2019-12-31 | PKRs61.90 | PKRs72.55 | x |
| 2020-12-31 | PKRs64.68 | PKRs72.55 | x |
| 2021-12-31 | PKRs73.20 | PKRs72.55 | x |
| 2022-12-31 | PKRs72.11 | PKRs72.55 | x |
| 2023-12-31 | PKRs89.55 | PKRs72.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adamjee Insurance Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.93%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 5.51x
- Recent ROE (8.38%) is below the historical average (10.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.92% | 13.22% | 0.43x | 3.68x | PKRs1.82 Billion |
| 2017 | 7.28% | 5.93% | 0.29x | 4.29x | PKRs-451.14 Million |
| 2018 | 6.47% | 4.50% | 0.35x | 4.09x | PKRs-699.59 Million |
| 2019 | 9.10% | 5.91% | 0.37x | 4.11x | PKRs-194.29 Million |
| 2020 | 9.16% | 5.74% | 0.36x | 4.38x | PKRs-189.85 Million |
| 2021 | 11.49% | 7.36% | 0.33x | 4.70x | PKRs381.54 Million |
| 2022 | 9.28% | 5.15% | 0.33x | 5.53x | PKRs-182.53 Million |
| 2023 | 8.38% | 3.93% | 0.39x | 5.51x | PKRs-508.19 Million |
Industry Comparison
This section compares Adamjee Insurance Company Ltd's net assets metrics with peer companies in the Insurance industry.
Industry Context
- Industry: Insurance
- Average net assets among peers: $16,901,071,000
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adamjee Insurance Company Ltd (AICL) | PKRs36.53 Billion | 20.92% | 4.19x | $2.45K |
| EFU General Insurance Ltd (EFUG) | $16.90 Billion | 14.16% | 1.14x | $4.23K |