Meezan Bank Ltd
Meezan Bank Ltd operates in Consumer Finance.
Meezan Bank Ltd (MEBL) - Net Assets
Latest net assets as of June 2024: PKRs214.16 Billion PKR
Based on the latest financial reports, Meezan Bank Ltd (MEBL) has net assets worth PKRs214.16 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 (PKRs3.30 Trillion) and total liabilities (PKRs3.09 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 | PKRs214.16 Billion |
| % of Total Assets | 6.48% |
| Annual Growth Rate | 27.47% |
| 5-Year Change | 202.67% |
| 10-Year Change | N/A |
| Growth Volatility | 16.61 |
Meezan Bank Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Meezan 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 Meezan Bank Ltd (2016–2023)
The table below shows the annual net assets of Meezan Bank Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs190.02 Billion | +59.50% |
| 2022-12-31 | PKRs119.13 Billion | +31.73% |
| 2021-12-31 | PKRs90.44 Billion | +23.50% |
| 2020-12-31 | PKRs73.23 Billion | +16.65% |
| 2019-12-31 | PKRs62.78 Billion | +44.07% |
| 2018-12-31 | PKRs43.58 Billion | +13.45% |
| 2017-12-31 | PKRs38.41 Billion | +10.46% |
| 2016-12-31 | PKRs34.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meezan 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 980.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs122.53 Billion | 65.01% |
| Other Components | PKRs65.94 Billion | 34.99% |
| Total Equity | PKRs188.47 Billion | 100.00% |
Meezan Bank Ltd Competitors by Market Cap
The table below lists competitors of Meezan Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PunaMusta Media Oyj
HE:PUMU
|
$14.13K |
|
LTHP
LSE:LTHP
|
$14.13K |
|
Golden Developing Solutions Inc
PINK:DVLP
|
$14.13K |
|
China Fund Management Co. Ltd.- China Fund State Power New Energy Close Fund
SHG:508028
|
$14.14K |
|
CONSOLE LABS SA ZY-10
F:9ZK
|
$14.09K |
|
TINGYI (CIS) HLDG (TYG.SG)
STU:TYG
|
$14.09K |
|
ENvue Medical Inc.
NASDAQ:FEED
|
$14.08K |
|
Solutiance AG
XETRA:SLSA
|
$14.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meezan Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 117,930,308,000 to 188,467,660,000, a change of 70,537,352,000 (59.8%).
- Net income of 85,430,550,000 contributed positively to equity growth.
- Dividend payments of 29,819,429,000 reduced retained earnings.
- New share issuances of 99,699,000 increased equity.
- Other factors increased equity by 14,826,532,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs85.43 Billion | +45.33% |
| Dividends Paid | PKRs29.82 Billion | -15.82% |
| Share Issuances | PKRs99.70 Million | +0.05% |
| Other Changes | PKRs14.83 Billion | +7.87% |
| Total Change | PKRs- | 59.81% |
Book Value vs Market Value Analysis
This analysis compares Meezan 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: 4.05x
- 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 16.12x to 4.05x 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 | PKRs26.44 | PKRs426.19 | x |
| 2018-12-31 | PKRs30.09 | PKRs426.19 | x |
| 2019-12-31 | PKRs43.55 | PKRs426.19 | x |
| 2020-12-31 | PKRs40.21 | PKRs426.19 | x |
| 2021-12-31 | PKRs49.87 | PKRs426.19 | x |
| 2022-12-31 | PKRs65.90 | PKRs426.19 | x |
| 2023-12-31 | PKRs105.22 | PKRs426.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meezan 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): 45.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.32%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 16.02x
- Recent ROE (45.33%) is above the historical average (28.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 18.43% | 24.37% | 0.04x | 19.77x | PKRs2.83 Billion |
| 2017 | 15.02% | 19.01% | 0.04x | 21.01x | PKRs1.88 Billion |
| 2018 | 21.04% | 24.38% | 0.04x | 22.12x | PKRs4.70 Billion |
| 2019 | 25.29% | 27.52% | 0.05x | 18.28x | PKRs9.42 Billion |
| 2020 | 31.12% | 29.51% | 0.05x | 21.21x | PKRs15.20 Billion |
| 2021 | 31.63% | 34.01% | 0.04x | 21.38x | PKRs19.30 Billion |
| 2022 | 38.10% | 32.19% | 0.05x | 21.89x | PKRs33.14 Billion |
| 2023 | 45.33% | 34.32% | 0.08x | 16.02x | PKRs66.58 Billion |
Industry Comparison
This section compares Meezan Bank Ltd's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $101,285,648,333
- Average return on equity (ROE) among peers: 14.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meezan Bank Ltd (MEBL) | PKRs214.16 Billion | 18.43% | 14.43x | $14.12K |
| 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 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 |