Soneri Bank Ltd
Soneri Bank Ltd operates in Consumer Finance.
Soneri Bank Ltd (SNBL) - Net Assets
Latest net assets as of June 2024: PKRs28.53 Billion PKR
Based on the latest financial reports, Soneri Bank Ltd (SNBL) has net assets worth PKRs28.53 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 (PKRs750.96 Billion) and total liabilities (PKRs722.43 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 | PKRs28.53 Billion |
| % of Total Assets | 3.8% |
| Annual Growth Rate | 6.6% |
| 5-Year Change | 41.55% |
| 10-Year Change | N/A |
| Growth Volatility | 13.55 |
Soneri Bank Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Soneri 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 Soneri Bank Ltd (2016–2023)
The table below shows the annual net assets of Soneri Bank Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs28.61 Billion | +35.31% |
| 2022-12-31 | PKRs21.15 Billion | -2.26% |
| 2021-12-31 | PKRs21.64 Billion | -6.57% |
| 2020-12-31 | PKRs23.16 Billion | +14.56% |
| 2019-12-31 | PKRs20.21 Billion | +12.37% |
| 2018-12-31 | PKRs17.99 Billion | -2.79% |
| 2017-12-31 | PKRs18.50 Billion | +1.18% |
| 2016-12-31 | PKRs18.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Soneri 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 208.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs10.79 Billion | 37.73% |
| Other Components | PKRs17.82 Billion | 62.27% |
| Total Equity | PKRs28.61 Billion | 100.00% |
Soneri Bank Ltd Competitors by Market Cap
The table below lists competitors of Soneri Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MADISON FINANCIAL SERVICES PLC
LUSE:MAFS
|
$650.72 |
|
LPA Group
LSE:LPA
|
$651.11 |
|
The Arab Dairy Products Co. Arab Dairy - Panda
EGX:ADPC
|
$651.60 |
|
E Automotive Inc.
PINK:EICCF
|
$652.52 |
|
Jahangir Siddiqui & Company Ltd
KAR:JSCL
|
$650.00 |
|
Lightning eMotors Inc.
PINK:ZEVY
|
$649.73 |
|
PAION (PA8.SG)
STU:PA8
|
$649.39 |
|
WSRIF
PINK:WSRIF
|
$647.71 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soneri Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 21,146,191,000 to 28,613,166,000, a change of 7,466,975,000 (35.3%).
- Net income of 6,075,460,000 contributed positively to equity growth.
- Dividend payments of 1,096,566,000 reduced retained earnings.
- Other factors increased equity by 2,488,081,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs6.08 Billion | +21.23% |
| Dividends Paid | PKRs1.10 Billion | -3.83% |
| Other Changes | PKRs2.49 Billion | +8.7% |
| Total Change | PKRs- | 35.31% |
Book Value vs Market Value Analysis
This analysis compares Soneri 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: 0.72x
- 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 1.12x to 0.72x 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 | PKRs16.78 | PKRs18.77 | x |
| 2018-12-31 | PKRs16.32 | PKRs18.77 | x |
| 2019-12-31 | PKRs18.33 | PKRs18.77 | x |
| 2020-12-31 | PKRs21.00 | PKRs18.77 | x |
| 2021-12-31 | PKRs19.62 | PKRs18.77 | x |
| 2022-12-31 | PKRs19.18 | PKRs18.77 | x |
| 2023-12-31 | PKRs25.95 | PKRs18.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soneri 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): 21.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.96%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 23.02x
- Recent ROE (21.23%) is above the historical average (11.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.27% | 19.64% | 0.03x | 15.23x | PKRs49.92 Million |
| 2017 | 8.88% | 16.70% | 0.03x | 17.41x | PKRs-207.13 Million |
| 2018 | 9.92% | 17.51% | 0.03x | 21.26x | PKRs-15.22 Million |
| 2019 | 9.43% | 17.69% | 0.02x | 21.89x | PKRs-115.34 Million |
| 2020 | 10.37% | 17.59% | 0.03x | 20.96x | PKRs84.57 Million |
| 2021 | 13.19% | 19.23% | 0.03x | 26.78x | PKRs690.59 Million |
| 2022 | 8.91% | 11.56% | 0.03x | 27.42x | PKRs-231.38 Million |
| 2023 | 21.23% | 20.96% | 0.04x | 23.02x | PKRs3.21 Billion |
Industry Comparison
This section compares Soneri Bank Ltd's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $95,514,777,400
- Average return on equity (ROE) among peers: 14.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soneri Bank Ltd (SNBL) | PKRs28.53 Billion | 10.27% | 25.32x | $650.58 |
| 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 |
| Meezan Bank Ltd (MEBL) | $43.58 Billion | 20.56% | 20.61x | $14.12K |