Bank Islami Pakistan Ltd
Bank Islami Pakistan Ltd operates in Consumer Finance.
Bank Islami Pakistan Ltd (BIPL) - Net Assets
Latest net assets as of June 2024: PKRs41.27 Billion PKR
Based on the latest financial reports, Bank Islami Pakistan Ltd (BIPL) has net assets worth PKRs41.27 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 (PKRs655.42 Billion) and total liabilities (PKRs614.15 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 | PKRs41.27 Billion |
| % of Total Assets | 6.3% |
| Annual Growth Rate | 15.75% |
| 5-Year Change | 77.83% |
| 10-Year Change | N/A |
| Growth Volatility | 12.57 |
Bank Islami Pakistan Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Bank Islami Pakistan 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 Bank Islami Pakistan Ltd (2016–2023)
The table below shows the annual net assets of Bank Islami Pakistan Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs36.37 Billion | +35.76% |
| 2022-12-31 | PKRs26.79 Billion | +17.47% |
| 2021-12-31 | PKRs22.81 Billion | +11.18% |
| 2020-12-31 | PKRs20.51 Billion | +0.29% |
| 2019-12-31 | PKRs20.45 Billion | +33.89% |
| 2018-12-31 | PKRs15.28 Billion | +7.37% |
| 2017-12-31 | PKRs14.23 Billion | +8.88% |
| 2016-12-31 | PKRs13.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bank Islami Pakistan 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 2966.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs15.91 Billion | 43.74% |
| Other Components | PKRs20.46 Billion | 56.26% |
| Total Equity | PKRs36.37 Billion | 100.00% |
Bank Islami Pakistan Ltd Competitors by Market Cap
The table below lists competitors of Bank Islami Pakistan Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DM WENCESLAO & ASSOCIATES Inc
PSE:DMW
|
$837.48 |
|
M.B Engineering
EGX:MBEG
|
$837.72 |
|
Engro Powergen Qadirpur Ltd
KAR:EPQL
|
$838.04 |
|
Fantasy Aces Daily Fantasy Sports Corp
PINK:FASDF
|
$840.00 |
|
ALLTRONICS
BE:A3HB
|
$835.77 |
|
CARDNO
BE:DZ5
|
$834.67 |
|
RED METAL
BE:RMX
|
$834.52 |
|
Metalnrg PLC
LSE:MNRG
|
$834.43 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank Islami Pakistan Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 26,790,944,000 to 36,371,610,000, a change of 9,580,666,000 (35.8%).
- Net income of 10,610,248,000 contributed positively to equity growth.
- Dividend payments of 2,847,335,000 reduced retained earnings.
- Other factors increased equity by 1,817,753,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs10.61 Billion | +29.17% |
| Dividends Paid | PKRs2.85 Billion | -7.83% |
| Other Changes | PKRs1.82 Billion | +5.0% |
| Total Change | PKRs- | 35.76% |
Book Value vs Market Value Analysis
This analysis compares Bank Islami Pakistan 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: 0.75x
- 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 1.78x to 0.75x 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 | PKRs13.81 | PKRs24.62 | x |
| 2018-12-31 | PKRs14.85 | PKRs24.62 | x |
| 2019-12-31 | PKRs18.27 | PKRs24.62 | x |
| 2020-12-31 | PKRs18.31 | PKRs24.62 | x |
| 2021-12-31 | PKRs20.57 | PKRs24.62 | x |
| 2022-12-31 | PKRs24.16 | PKRs24.62 | x |
| 2023-12-31 | PKRs32.81 | PKRs24.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank Islami Pakistan 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): 29.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.86%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 18.00x
- Recent ROE (29.17%) is above the historical average (10.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.01% | 12.25% | 0.03x | 14.14x | PKRs-642.90 Million |
| 2017 | 11.96% | 29.69% | 0.03x | 15.49x | PKRs274.48 Million |
| 2018 | 2.22% | 4.68% | 0.03x | 14.38x | PKRs-1.17 Billion |
| 2019 | 5.47% | 9.04% | 0.04x | 14.04x | PKRs-918.08 Million |
| 2020 | 7.62% | 11.22% | 0.04x | 16.65x | PKRs-483.26 Million |
| 2021 | 8.91% | 16.15% | 0.03x | 17.92x | PKRs-249.56 Million |
| 2022 | 16.74% | 19.02% | 0.05x | 18.20x | PKRs1.81 Billion |
| 2023 | 29.17% | 24.86% | 0.07x | 18.00x | PKRs6.97 Billion |
Industry Comparison
This section compares Bank Islami Pakistan Ltd's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $104,430,218,000
- Average return on equity (ROE) among peers: 16.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Islami Pakistan Ltd (BIPL) | PKRs41.27 Billion | 5.01% | 14.88x | $836.74 |
| Allied Bank Ltd (ABL) | $117.21 Billion | 12.36% | 11.66x | $5.50K |
| Askari Bank Ltd (AKBL) | $97.70 Billion | 22.00% | 20.76x | $2.66K |
| 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 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 |