Pakistan National Shipping Corp
Pakistan National Shipping Corp operates in Marine Transportation.
Pakistan National Shipping Corp (PNSC) - Net Assets
Latest net assets as of March 2024: PKRs82.47 Billion PKR
Based on the latest financial reports, Pakistan National Shipping Corp (PNSC) has net assets worth PKRs82.47 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 (PKRs94.64 Billion) and total liabilities (PKRs12.17 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 | PKRs82.47 Billion |
| % of Total Assets | 87.14% |
| Annual Growth Rate | 14.49% |
| 5-Year Change | 117.98% |
| 10-Year Change | N/A |
| Growth Volatility | 21.3 |
Pakistan National Shipping Corp - Net Assets Trend (2016–2023)
This chart illustrates how Pakistan National Shipping Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pakistan National Shipping Corp (2016–2023)
The table below shows the annual net assets of Pakistan National Shipping Corp from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs71.08 Billion | +67.71% |
| 2022-06-30 | PKRs42.38 Billion | +14.19% |
| 2021-06-30 | PKRs37.12 Billion | +6.99% |
| 2020-06-30 | PKRs34.69 Billion | +6.40% |
| 2019-06-30 | PKRs32.61 Billion | +4.04% |
| 2018-06-30 | PKRs31.34 Billion | +5.01% |
| 2017-06-30 | PKRs29.84 Billion | +8.21% |
| 2016-06-30 | PKRs27.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pakistan National Shipping Corp'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 169.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs68.07 Billion | 95.78% |
| Other Components | PKRs3.00 Billion | 4.22% |
| Total Equity | PKRs71.07 Billion | 100.00% |
Pakistan National Shipping Corp Competitors by Market Cap
The table below lists competitors of Pakistan National Shipping Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acer Synergy Tech Corp.
TWO:6751
|
$14.86K |
|
CHP
WAR:CHP
|
$14.86K |
|
European Innovation Solutions S.A.
AT:EIS
|
$14.87K |
|
DOHL3F
SA:DOHL3F
|
$14.88K |
|
Starrex International Ltd
PINK:STXMF
|
$14.86K |
|
Speedy Hire PLC
LSE:SDY
|
$14.86K |
|
MGLU3F
SA:MGLU3F
|
$14.84K |
|
NantHealth Inc.
PINK:NHIQ
|
$14.83K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pakistan National Shipping Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 42,372,550,000 to 71,068,086,000, a change of 28,695,536,000 (67.7%).
- Net income of 29,993,270,000 contributed positively to equity growth.
- Dividend payments of 1,287,306,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs29.99 Billion | +42.2% |
| Dividends Paid | PKRs1.29 Billion | -1.81% |
| Other Changes | PKRs-10.43 Million | -0.01% |
| Total Change | PKRs- | 67.72% |
Book Value vs Market Value Analysis
This analysis compares Pakistan National Shipping Corp'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: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.92x to 0.81x 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 | PKRs225.96 | PKRs433.59 | x |
| 2018-06-30 | PKRs237.29 | PKRs433.59 | x |
| 2019-06-30 | PKRs246.88 | PKRs433.59 | x |
| 2020-06-30 | PKRs262.67 | PKRs433.59 | x |
| 2021-06-30 | PKRs281.01 | PKRs433.59 | x |
| 2022-06-30 | PKRs320.85 | PKRs433.59 | x |
| 2023-06-30 | PKRs538.14 | PKRs433.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pakistan National Shipping Corp 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): 42.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.76%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.21x
- Recent ROE (42.20%) is above the historical average (12.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.42% | 18.52% | 0.34x | 1.32x | PKRs-435.13 Million |
| 2017 | 8.30% | 19.85% | 0.33x | 1.26x | PKRs-507.68 Million |
| 2018 | 5.24% | 16.29% | 0.27x | 1.20x | PKRs-1.49 Billion |
| 2019 | 6.73% | 20.20% | 0.24x | 1.38x | PKRs-1.07 Billion |
| 2020 | 6.96% | 17.48% | 0.30x | 1.32x | PKRs-1.06 Billion |
| 2021 | 6.10% | 17.70% | 0.27x | 1.26x | PKRs-1.45 Billion |
| 2022 | 13.32% | 20.32% | 0.52x | 1.26x | PKRs1.41 Billion |
| 2023 | 42.20% | 54.76% | 0.64x | 1.21x | PKRs22.89 Billion |
Industry Comparison
This section compares Pakistan National Shipping Corp's net assets metrics with peer companies in the Freight & Logistics Services industry.
Industry Context
- Industry: Freight & Logistics Services
- Average net assets among peers: $21,394,089,000
- Average return on equity (ROE) among peers: -2.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pakistan National Shipping Corp (PNSC) | PKRs82.47 Billion | 8.42% | 0.15x | $14.86K |
| Pakistan International Bulk Terminal Private Ltd (PIBTL) | $21.39 Billion | -2.96% | 0.75x | $440.71 |