Askari Bank Ltd
Askari Bank Ltd operates in Consumer Finance.
Askari Bank Ltd (AKBL) - Net Assets
Latest net assets as of June 2024: PKRs100.74 Billion PKR
Based on the latest financial reports, Askari Bank Ltd (AKBL) has net assets worth PKRs100.74 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 (PKRs2.47 Trillion) and total liabilities (PKRs2.37 Trillion). 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 | PKRs100.74 Billion |
| % of Total Assets | 4.08% |
| Annual Growth Rate | 16.85% |
| 5-Year Change | 130.4% |
| 10-Year Change | N/A |
| Growth Volatility | 14.15 |
Askari Bank Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Askari Bank 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 Askari Bank Ltd (2016–2023)
The table below shows the annual net assets of Askari Bank Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs97.70 Billion | +33.22% |
| 2022-12-31 | PKRs73.33 Billion | +30.86% |
| 2021-12-31 | PKRs56.04 Billion | +2.49% |
| 2020-12-31 | PKRs54.68 Billion | +28.96% |
| 2019-12-31 | PKRs42.40 Billion | +26.20% |
| 2018-12-31 | PKRs33.60 Billion | +3.24% |
| 2017-12-31 | PKRs32.55 Billion | -0.94% |
| 2016-12-31 | PKRs32.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Askari Bank 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 401.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs20.51 Billion | 21.08% |
| Other Components | PKRs76.81 Billion | 78.92% |
| Total Equity | PKRs97.32 Billion | 100.00% |
Askari Bank Ltd Competitors by Market Cap
The table below lists competitors of Askari Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Radiant Gems International PLC
CM:RGEMN0000
|
$2.66K |
|
BERKELEY RESOURCES
BE:B5R
|
$2.66K |
|
Kohat Cement Company Ltd
KAR:KOHC
|
$2.66K |
|
American Picture House Corp
OTCQB:APHP
|
$2.66K |
|
XINJIANG XINXIN
MU:33X1
|
$2.65K |
|
Egyptian International Tourism Projects
EGX:EITP
|
$2.65K |
|
Bezant Resources Plc
LSE:BZT
|
$2.65K |
|
Noon Sugar Mills Ltd
KAR:NONS
|
$2.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Askari Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 73,332,423,000 to 97,318,963,000, a change of 23,986,540,000 (32.7%).
- Net income of 21,488,592,000 contributed positively to equity growth.
- Dividend payments of 2,226,000 reduced retained earnings.
- Other factors increased equity by 2,500,174,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs21.49 Billion | +22.08% |
| Dividends Paid | PKRs2.23 Million | -0.0% |
| Other Changes | PKRs2.50 Billion | +2.57% |
| Total Change | PKRs- | 32.71% |
Book Value vs Market Value Analysis
This analysis compares Askari Bank 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: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.07x to 1.18x 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 | PKRs25.79 | PKRs79.19 | x |
| 2018-12-31 | PKRs26.63 | PKRs79.19 | x |
| 2019-12-31 | PKRs33.61 | PKRs79.19 | x |
| 2020-12-31 | PKRs37.73 | PKRs79.19 | x |
| 2021-12-31 | PKRs38.67 | PKRs79.19 | x |
| 2022-12-31 | PKRs50.60 | PKRs79.19 | x |
| 2023-12-31 | PKRs67.15 | PKRs79.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Askari Bank 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): 22.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.62%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 21.84x
- Recent ROE (22.08%) is above the historical average (17.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.93% | 23.79% | 0.04x | 18.88x | PKRs1.95 Billion |
| 2017 | 15.76% | 23.21% | 0.03x | 20.21x | PKRs1.87 Billion |
| 2018 | 13.20% | 18.34% | 0.03x | 21.06x | PKRs1.07 Billion |
| 2019 | 16.60% | 23.81% | 0.04x | 19.68x | PKRs2.79 Billion |
| 2020 | 19.84% | 27.44% | 0.04x | 18.16x | PKRs5.38 Billion |
| 2021 | 17.34% | 23.34% | 0.03x | 22.47x | PKRs4.11 Billion |
| 2022 | 19.17% | 28.07% | 0.03x | 20.80x | PKRs6.73 Billion |
| 2023 | 22.08% | 29.62% | 0.03x | 21.84x | PKRs11.76 Billion |
Industry Comparison
This section compares Askari Bank Ltd's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $95,272,457,000
- Average return on equity (ROE) among peers: 13.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Askari Bank Ltd (AKBL) | PKRs100.74 Billion | 15.93% | 23.52x | $2.66K |
| Allied Bank Ltd (ABL) | $117.21 Billion | 12.36% | 11.66x | $5.50K |
| Bank Alfalah Ltd (BAFL) | $89.28 Billion | 14.61% | 10.95x | $3.50K |
| Bank Al-Habib Ltd (BAHL) | $80.44 Billion | 22.31% | 17.93x | $5.16K |
| Bank Islami Pakistan Ltd (BIPL) | $15.28 Billion | 2.19% | 13.19x | $836.74 |
| Bank of Khyber (BOK) | $15.40 Billion | 11.63% | 14.92x | $1.18K |
| Faysal Bank Ltd (FABL) | $35.01 Billion | 12.29% | 11.70x | $2.92K |
| Habib Bank Ltd (HBL) | $283.69 Billion | 12.35% | 14.22x | $9.01K |
| MCB Bank Ltd (MCB) | $177.57 Billion | 17.56% | 10.95x | $12.47K |
| Meezan Bank Ltd (MEBL) | $43.58 Billion | 20.56% | 20.61x | $14.12K |