Bestway Cement Ltd
Bestway Cement Ltd operates in Construction Materials.
Bestway Cement Ltd (BWCL) - Net Assets
Latest net assets as of June 2024: PKRs63.06 Billion PKR
Based on the latest financial reports, Bestway Cement Ltd (BWCL) has net assets worth PKRs63.06 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 (PKRs167.91 Billion) and total liabilities (PKRs104.85 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 | PKRs63.06 Billion |
| % of Total Assets | 37.56% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | 15.38% |
| 10-Year Change | N/A |
| Growth Volatility | 6.04 |
Bestway Cement Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Bestway Cement 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 Bestway Cement Ltd (2016–2024)
The table below shows the annual net assets of Bestway Cement Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | PKRs63.06 Billion | +1.96% |
| 2023-06-30 | PKRs61.85 Billion | +1.79% |
| 2022-06-30 | PKRs60.76 Billion | +1.06% |
| 2021-06-30 | PKRs60.12 Billion | +10.01% |
| 2020-06-30 | PKRs54.65 Billion | -5.13% |
| 2019-06-30 | PKRs57.61 Billion | +8.06% |
| 2018-06-30 | PKRs53.31 Billion | +11.60% |
| 2017-06-30 | PKRs47.77 Billion | +13.78% |
| 2016-06-30 | PKRs41.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bestway Cement 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 53.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs43.29 Billion | 68.65% |
| Other Components | PKRs19.77 Billion | 31.35% |
| Total Equity | PKRs63.06 Billion | 100.00% |
Bestway Cement Ltd Competitors by Market Cap
The table below lists competitors of Bestway Cement Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GreenOak Spain Holdings SOCIMI S.A.
MC:YGO2
|
$15.60K |
|
Performance One AG
XETRA:PO1
|
$15.63K |
|
Time Interconnect Technology Limited
F:M4D
|
$15.64K |
|
Jadestone Energy Inc
LSE:JSE
|
$15.64K |
|
PHOT-ME INTL (PHQ.SG)
STU:PHQ
|
$15.58K |
|
DSG Global Inc
OTCQB:DSGT
|
$15.58K |
|
EEI Corp Preferred Series B
PSE:EEIPB
|
$15.57K |
|
ALUM CORP -H-
MU:AOC
|
$15.57K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bestway Cement Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,845,616,000 to 63,059,978,000, a change of 1,214,362,000 (2.0%).
- Net income of 13,768,575,000 contributed positively to equity growth.
- Dividend payments of 13,901,930,000 reduced retained earnings.
- Other factors increased equity by 1,347,717,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs13.77 Billion | +21.83% |
| Dividends Paid | PKRs13.90 Billion | -22.05% |
| Other Changes | PKRs1.35 Billion | +2.14% |
| Total Change | PKRs- | 1.96% |
Book Value vs Market Value Analysis
This analysis compares Bestway Cement 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: 4.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.43x to 4.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs80.12 | PKRs435.36 | x |
| 2018-06-30 | PKRs89.41 | PKRs435.36 | x |
| 2019-06-30 | PKRs96.61 | PKRs435.36 | x |
| 2020-06-30 | PKRs91.66 | PKRs435.36 | x |
| 2021-06-30 | PKRs100.83 | PKRs435.36 | x |
| 2022-06-30 | PKRs101.90 | PKRs435.36 | x |
| 2023-06-30 | PKRs103.72 | PKRs435.36 | x |
| 2024-06-30 | PKRs105.76 | PKRs435.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bestway Cement 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): 21.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.25%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.66x
- Recent ROE (21.83%) is above the historical average (19.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 28.23% | 25.92% | 0.59x | 1.85x | PKRs7.65 Billion |
| 2017 | 27.83% | 25.75% | 0.63x | 1.71x | PKRs8.52 Billion |
| 2018 | 24.68% | 24.88% | 0.56x | 1.78x | PKRs7.83 Billion |
| 2019 | 17.53% | 18.84% | 0.58x | 1.61x | PKRs4.34 Billion |
| 2020 | 0.09% | 0.13% | 0.39x | 1.73x | PKRs-5.42 Billion |
| 2021 | 19.26% | 20.36% | 0.57x | 1.64x | PKRs5.57 Billion |
| 2022 | 16.85% | 14.15% | 0.54x | 2.20x | PKRs4.16 Billion |
| 2023 | 19.23% | 13.55% | 0.50x | 2.83x | PKRs5.71 Billion |
| 2024 | 21.83% | 13.25% | 0.62x | 2.66x | PKRs7.46 Billion |
Industry Comparison
This section compares Bestway Cement Ltd's net assets metrics with peer companies in the Construction Materials industry.
Industry Context
- Industry: Construction Materials
- Average net assets among peers: $30,028,116,241
- Average return on equity (ROE) among peers: 16.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bestway Cement Ltd (BWCL) | PKRs63.06 Billion | 28.23% | 1.66x | $15.59K |
| Attock Cement Pakistan Ltd (ACPL) | $10.45 Billion | 27.66% | 0.38x | $8.90K |
| Cherat Cement Company Ltd (CHCC) | $11.17 Billion | 19.08% | 1.73x | $8.16K |
| D G Khan Cement Company Ltd (DGKC) | $75.88 Billion | 5.17% | 0.90x | $5.31K |
| Fauji Cement Company Ltd (FCCL) | $73.40 Billion | 11.20% | 1.01x | $1.30K |
| Gharibwal Cement Ltd (GWLC) | $12.48 Billion | 5.90% | 0.86x | $1.40K |
| Kohat Cement Company Ltd (KOHC) | $13.77 Billion | 32.01% | 0.40x | $2.66K |
| Maple Leaf Cement Factory Ltd (MLCF) | $32.41 Billion | 7.59% | 1.06x | $2.72K |
| Pioneer Cement Ltd (PIOC) | $10.67 Billion | 23.61% | 0.38x | $7.89K |