Millat Tractors Ltd
Millat Tractors Ltd operates in Industrial Machinery & Supplies & Components.
Millat Tractors Ltd (MTL) - Net Assets
Latest net assets as of June 2024: PKRs12.22 Billion PKR
Based on the latest financial reports, Millat Tractors Ltd (MTL) has net assets worth PKRs12.22 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 (PKRs35.35 Billion) and total liabilities (PKRs23.13 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 | PKRs12.22 Billion |
| % of Total Assets | 34.57% |
| Annual Growth Rate | 9.31% |
| 5-Year Change | 116.81% |
| 10-Year Change | N/A |
| Growth Volatility | 36.15 |
Millat Tractors Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Millat Tractors 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 Millat Tractors Ltd (2016–2024)
The table below shows the annual net assets of Millat Tractors Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | PKRs12.22 Billion | +25.60% |
| 2023-06-30 | PKRs9.73 Billion | +7.46% |
| 2022-06-30 | PKRs9.05 Billion | -18.30% |
| 2021-06-30 | PKRs11.08 Billion | +96.61% |
| 2020-06-30 | PKRs5.64 Billion | -16.27% |
| 2019-06-30 | PKRs6.73 Billion | -16.42% |
| 2018-06-30 | PKRs8.05 Billion | +0.54% |
| 2017-06-30 | PKRs8.01 Billion | +33.59% |
| 2016-06-30 | PKRs6.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millat Tractors 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 294.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs4.36 Billion | 40.09% |
| Other Components | PKRs6.51 Billion | 59.91% |
| Total Equity | PKRs10.87 Billion | 100.00% |
Millat Tractors Ltd Competitors by Market Cap
The table below lists competitors of Millat Tractors Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PICC PROPERTY -H-
MU:PJC
|
$17.45K |
|
SIMH3F
SA:SIMH3F
|
$17.45K |
|
ABS Marine Services Ltd
NSE:ABSMARINE-SM
|
$17.47K |
|
Colonial Motors PLC
CM:COLON0000
|
$17.47K |
|
Streamex Corp
NASDAQ:STEX
|
$17.38K |
|
India Grid Trust
NSE:INDIGRID-IV
|
$17.36K |
|
Online Vacation Center Holdings Corp
OTCQX:ONVC
|
$17.34K |
|
Arbuthnot Banking Group Plc
LSE:ARBB
|
$17.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millat Tractors Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,602,229,000 to 10,872,874,000, a change of 2,270,645,000 (26.4%).
- Net income of 10,093,504,000 contributed positively to equity growth.
- Dividend payments of 7,641,660,000 reduced retained earnings.
- Other factors decreased equity by 181,199,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs10.09 Billion | +92.83% |
| Dividends Paid | PKRs7.64 Billion | -70.28% |
| Other Changes | PKRs-181.20 Million | -1.67% |
| Total Change | PKRs- | 26.40% |
Book Value vs Market Value Analysis
This analysis compares Millat Tractors 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: 8.79x
- 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 increased from 4.12x to 8.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs121.10 | PKRs498.49 | x |
| 2018-06-30 | PKRs120.53 | PKRs498.49 | x |
| 2019-06-30 | PKRs101.56 | PKRs498.49 | x |
| 2020-06-30 | PKRs85.35 | PKRs498.49 | x |
| 2021-06-30 | PKRs52.30 | PKRs498.49 | x |
| 2022-06-30 | PKRs41.55 | PKRs498.49 | x |
| 2023-06-30 | PKRs44.85 | PKRs498.49 | x |
| 2024-06-30 | PKRs56.69 | PKRs498.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millat Tractors 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): 92.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.62%
- • Asset Turnover: 2.69x
- • Equity Multiplier: 3.25x
- Recent ROE (92.83%) is above the historical average (60.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 37.71% | 10.24% | 1.49x | 2.47x | PKRs1.35 Billion |
| 2017 | 65.64% | 14.10% | 1.58x | 2.94x | PKRs3.78 Billion |
| 2018 | 79.74% | 13.61% | 2.00x | 2.93x | PKRs4.71 Billion |
| 2019 | 59.05% | 10.50% | 2.37x | 2.38x | PKRs2.79 Billion |
| 2020 | 41.70% | 8.35% | 1.74x | 2.86x | PKRs1.52 Billion |
| 2021 | 60.03% | 13.19% | 1.63x | 2.80x | PKRs5.02 Billion |
| 2022 | 67.33% | 9.75% | 2.28x | 3.03x | PKRs4.57 Billion |
| 2023 | 38.28% | 6.99% | 1.58x | 3.46x | PKRs2.43 Billion |
| 2024 | 92.83% | 10.62% | 2.69x | 3.25x | PKRs9.01 Billion |
Industry Comparison
This section compares Millat Tractors Ltd's net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.
Industry Context
- Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
- Average net assets among peers: $903,717,000
- Average return on equity (ROE) among peers: 108.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millat Tractors Ltd (MTL) | PKRs12.22 Billion | 37.71% | 1.89x | $17.38K |
| Al-Ghazi Tractors Ltd (AGTL) | $903.72 Million | 108.18% | 5.06x | $10.77K |