National Foods Ltd
National Foods Ltd operates in Packaged Foods & Meats.
National Foods Ltd (NATF) - Net Assets
Latest net assets as of March 2024: PKRs13.80 Billion PKR
Based on the latest financial reports, National Foods Ltd (NATF) has net assets worth PKRs13.80 Billion PKR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs44.14 Billion) and total liabilities (PKRs30.34 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 | PKRs13.80 Billion |
| % of Total Assets | 31.27% |
| Annual Growth Rate | 26.55% |
| 5-Year Change | 162.76% |
| 10-Year Change | N/A |
| Growth Volatility | 7.37 |
National Foods Ltd - Net Assets Trend (2016–2023)
This chart illustrates how National Foods 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 National Foods Ltd (2016–2023)
The table below shows the annual net assets of National Foods Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs13.22 Billion | +39.53% |
| 2022-06-30 | PKRs9.47 Billion | +30.24% |
| 2021-06-30 | PKRs7.27 Billion | +19.95% |
| 2020-06-30 | PKRs6.06 Billion | +20.55% |
| 2019-06-30 | PKRs5.03 Billion | +25.62% |
| 2018-06-30 | PKRs4.00 Billion | +18.07% |
| 2017-06-30 | PKRs3.39 Billion | +33.32% |
| 2016-06-30 | PKRs2.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Foods 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 344.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs9.00 Billion | 78.70% |
| Other Components | PKRs2.44 Billion | 21.30% |
| Total Equity | PKRs11.44 Billion | 100.00% |
National Foods Ltd Competitors by Market Cap
The table below lists competitors of National Foods Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Personal Group Holdings PLC
LSE:PGH
|
$11.62K |
|
JPEL Private Equity Ltd
LSE:JPEL
|
$11.62K |
|
TRAVELSKY TECH -H-
MU:TVL
|
$11.64K |
|
54GW
LSE:54GW
|
$11.66K |
|
RM Plc
LSE:RM
|
$11.60K |
|
HIGHLIGHT COMMUNICA
BE:HLG
|
$11.59K |
|
RTW Venture Fund Limited
PINK:RTWFF
|
$11.58K |
|
Richard Pieris Exports PLC
CM:REXPN0000
|
$11.58K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Foods Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 8,704,968,000 to 11,436,822,000, a change of 2,731,854,000 (31.4%).
- Net income of 3,211,346,000 contributed positively to equity growth.
- Dividend payments of 1,387,850,000 reduced retained earnings.
- Other factors increased equity by 908,358,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs3.21 Billion | +28.08% |
| Dividends Paid | PKRs1.39 Billion | -12.13% |
| Other Changes | PKRs908.36 Million | +7.94% |
| Total Change | PKRs- | 31.38% |
Book Value vs Market Value Analysis
This analysis compares National Foods 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: 7.00x
- 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 19.94x to 7.00x 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 | PKRs17.22 | PKRs343.38 | x |
| 2018-06-30 | PKRs20.42 | PKRs343.38 | x |
| 2019-06-30 | PKRs25.52 | PKRs343.38 | x |
| 2020-06-30 | PKRs29.70 | PKRs343.38 | x |
| 2021-06-30 | PKRs28.48 | PKRs343.38 | x |
| 2022-06-30 | PKRs37.34 | PKRs343.38 | x |
| 2023-06-30 | PKRs49.06 | PKRs343.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Foods 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): 28.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.99%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 3.43x
- Recent ROE (28.08%) is above the historical average (27.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 31.34% | 5.87% | 2.01x | 2.65x | PKRs542.81 Million |
| 2017 | 29.67% | 5.67% | 1.79x | 2.93x | PKRs631.78 Million |
| 2018 | 26.50% | 4.67% | 1.98x | 2.87x | PKRs628.34 Million |
| 2019 | 27.22% | 5.34% | 1.83x | 2.79x | PKRs819.37 Million |
| 2020 | 26.59% | 5.13% | 1.89x | 2.74x | PKRs918.81 Million |
| 2021 | 26.49% | 5.08% | 1.74x | 3.00x | PKRs1.09 Billion |
| 2022 | 27.85% | 5.32% | 1.68x | 3.11x | PKRs1.55 Billion |
| 2023 | 28.08% | 4.99% | 1.64x | 3.43x | PKRs2.07 Billion |
Industry Comparison
This section compares National Foods Ltd's net assets metrics with peer companies in the Food & Tobacco industry.
Industry Context
- Industry: Food & Tobacco
- Average net assets among peers: $11,254,552,788
- Average return on equity (ROE) among peers: 46.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Foods Ltd (NATF) | PKRs13.80 Billion | 31.34% | 2.20x | $11.60K |
| Fauji Foods Ltd (FFL) | $2.14 Billion | -132.99% | 5.33x | $514.78 |
| JDW Sugar Mills Ltd (JDWS) | $19.17 Billion | 22.54% | 1.93x | $28.61K |
| Nestle Pakistan Ltd (NESTLE) | $4.19 Billion | 212.02% | 13.53x | $276.34K |
| Pakistan Tobacco Company Ltd (PAKT) | $19.51 Billion | 84.52% | 1.31x | $43.05K |