Pioneer Cement Ltd
Pioneer Cement Ltd operates in Construction Materials.
Pioneer Cement Ltd (PIOC) - Net Assets
Latest net assets as of March 2024: PKRs44.33 Billion PKR
Based on the latest financial reports, Pioneer Cement Ltd (PIOC) has net assets worth PKRs44.33 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 (PKRs86.37 Billion) and total liabilities (PKRs42.04 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 | PKRs44.33 Billion |
| % of Total Assets | 51.32% |
| Annual Growth Rate | 21.01% |
| 5-Year Change | 204.18% |
| 10-Year Change | N/A |
| Growth Volatility | 31.99 |
Pioneer Cement Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Pioneer 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 Pioneer Cement Ltd (2016–2023)
The table below shows the annual net assets of Pioneer Cement Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs40.52 Billion | +36.11% |
| 2022-06-30 | PKRs29.77 Billion | +97.17% |
| 2021-06-30 | PKRs15.10 Billion | +15.01% |
| 2020-06-30 | PKRs13.13 Billion | -1.45% |
| 2019-06-30 | PKRs13.32 Billion | -2.26% |
| 2018-06-30 | PKRs13.63 Billion | +11.28% |
| 2017-06-30 | PKRs12.25 Billion | +14.78% |
| 2016-06-30 | PKRs10.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pioneer 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 1445244700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs14.45 Billion | 35.67% |
| Other Components | PKRs26.07 Billion | 64.33% |
| Total Equity | PKRs40.52 Billion | 100.00% |
Pioneer Cement Ltd Competitors by Market Cap
The table below lists competitors of Pioneer Cement Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Examobile SA
WAR:EXA
|
$8.18K |
|
NIPPON TEL&TEL
BE:NTT
|
$8.18K |
|
Orilina Properties REIC S.A.
AT:ORILINA
|
$8.19K |
|
Staude Capital Global Value Fund Ltd
AU:GVF
|
$8.19K |
|
Samick Musical Instruments Co. Ltd.
KQ:002450
|
$8.17K |
|
BacKan Mineral Joint Stock Corp
VN:BKC
|
$8.17K |
|
CMTSU Liquidation Inc
PINK:CBRI
|
$8.16K |
|
Middle East Glass Manufacturing
EGX:MEGM
|
$8.16K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneer Cement Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 29,771,341,000 to 40,521,443,000, a change of 10,750,102,000 (36.1%).
- Net income of 2,611,106,000 contributed positively to equity growth.
- Dividend payments of 79,000 reduced retained earnings.
- Other factors increased equity by 8,139,075,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs2.61 Billion | +6.44% |
| Dividends Paid | PKRs79.00K | -0.0% |
| Other Changes | PKRs8.14 Billion | +20.09% |
| Total Change | PKRs- | 36.11% |
Book Value vs Market Value Analysis
This analysis compares Pioneer 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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.25x to 1.28x 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 | PKRs53.92 | PKRs229.09 | x |
| 2018-06-30 | PKRs60.00 | PKRs229.09 | x |
| 2019-06-30 | PKRs58.65 | PKRs229.09 | x |
| 2020-06-30 | PKRs57.80 | PKRs229.09 | x |
| 2021-06-30 | PKRs66.47 | PKRs229.09 | x |
| 2022-06-30 | PKRs131.07 | PKRs229.09 | x |
| 2023-06-30 | PKRs178.39 | PKRs229.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneer 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): 6.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.22%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.15x
- Recent ROE (6.44%) is below the historical average (10.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 23.61% | 26.89% | 0.63x | 1.38x | PKRs1.45 Billion |
| 2017 | 23.82% | 27.44% | 0.60x | 1.45x | PKRs1.69 Billion |
| 2018 | 12.06% | 16.24% | 0.35x | 2.14x | PKRs281.12 Million |
| 2019 | 5.93% | 8.12% | 0.23x | 3.17x | PKRs-541.76 Million |
| 2020 | -1.60% | -3.33% | 0.13x | 3.74x | PKRs-1.52 Billion |
| 2021 | 13.08% | 9.05% | 0.42x | 3.41x | PKRs464.52 Million |
| 2022 | 3.53% | 3.29% | 0.44x | 2.41x | PKRs-1.93 Billion |
| 2023 | 6.44% | 7.22% | 0.41x | 2.15x | PKRs-1.44 Billion |
Industry Comparison
This section compares Pioneer Cement Ltd's net assets metrics with peer companies in the Construction Materials industry.
Industry Context
- Industry: Construction Materials
- Average net assets among peers: $31,533,150,108
- Average return on equity (ROE) among peers: 13.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneer Cement Ltd (PIOC) | PKRs44.33 Billion | 23.61% | 0.95x | $8.18K |
| Attock Cement Pakistan Ltd (ACPL) | $24.95 Billion | 4.49% | 0.89x | $9.65K |
| Bestway Cement Ltd (BWCL) | $57.61 Billion | 17.53% | 0.61x | $14.66K |
| Cherat Cement Company Ltd (CHCC) | $9.14 Billion | 15.37% | 0.69x | $8.92K |
| D G Khan Cement Company Ltd (DGKC) | $78.98 Billion | 11.23% | 0.60x | $5.62K |
| Fauji Cement Company Ltd (FCCL) | $19.68 Billion | 13.28% | 0.41x | $1.39K |
| Gharibwal Cement Ltd (GWLC) | $9.83 Billion | 27.41% | 0.84x | $1.48K |
| Kohat Cement Company Ltd (KOHC) | $19.67 Billion | 12.55% | 0.59x | $2.80K |
| Maple Leaf Cement Factory Ltd (MLCF) | $32.41 Billion | 7.59% | 1.06x | $2.84K |