Systems Limited
Systems Limited operates in Diversified Metals & Mining.
Systems Limited (SYS) - Net Assets
Latest net assets as of June 2024: PKRs33.87 Billion PKR
Based on the latest financial reports, Systems Limited (SYS) has net assets worth PKRs33.87 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 (PKRs53.31 Billion) and total liabilities (PKRs19.43 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 | PKRs33.87 Billion |
| % of Total Assets | 63.54% |
| Annual Growth Rate | 41.98% |
| 5-Year Change | 449.96% |
| 10-Year Change | N/A |
| Growth Volatility | 23.64 |
Systems Limited - Net Assets Trend (2016–2022)
This chart illustrates how Systems Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Systems Limited (2016–2022)
The table below shows the annual net assets of Systems Limited from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | PKRs22.93 Billion | +90.07% |
| 2021-12-31 | PKRs12.06 Billion | +51.24% |
| 2020-12-31 | PKRs7.98 Billion | +44.26% |
| 2019-12-31 | PKRs5.53 Billion | +32.62% |
| 2018-12-31 | PKRs4.17 Billion | +29.29% |
| 2017-12-31 | PKRs3.22 Billion | +15.16% |
| 2016-12-31 | PKRs2.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Systems Limited'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 1033.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs14.10 Billion | 61.52% |
| Other Components | PKRs8.82 Billion | 38.48% |
| Total Equity | PKRs22.93 Billion | 100.00% |
Systems Limited Competitors by Market Cap
The table below lists competitors of Systems Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linius Technologies Limited
PINK:LNNTF
|
$4.37K |
|
Binh Thuan Books and Equipment JSC
VN:BST
|
$4.37K |
|
MINDMAZE THERAPEUTICS HOLDING SA
SW:MMTX
|
$4.38K |
|
AVICHINA IND -H- (AVT.SG)
STU:AVT
|
$4.38K |
|
Stonepath Group Inc
PINK:SGRZ
|
$4.36K |
|
HBPCD
PINK:HBPCD
|
$4.36K |
|
Harvest Fund Management - Jingdong Warehouse Logistic Fund
SHG:508098
|
$4.36K |
|
CGE Energy Inc
PINK:CGEI
|
$4.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Systems Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 12,061,604,927 to 22,926,175,999, a change of 10,864,571,072 (90.1%).
- Net income of 6,628,727,695 contributed positively to equity growth.
- Dividend payments of 691,603,092 reduced retained earnings.
- New share issuances of 64,969,008 increased equity.
- Other factors increased equity by 4,862,477,461.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs6.63 Billion | +28.91% |
| Dividends Paid | PKRs691.60 Million | -3.02% |
| Share Issuances | PKRs64.97 Million | +0.28% |
| Other Changes | PKRs4.86 Billion | +21.21% |
| Total Change | PKRs- | 90.08% |
Book Value vs Market Value Analysis
This analysis compares Systems Limited'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: 1.60x
- 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 5.31x to 1.60x 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 | PKRs23.74 | PKRs126.14 | x |
| 2018-12-31 | PKRs30.71 | PKRs126.14 | x |
| 2019-12-31 | PKRs40.84 | PKRs126.14 | x |
| 2020-12-31 | PKRs28.56 | PKRs126.14 | x |
| 2021-12-31 | PKRs43.54 | PKRs126.14 | x |
| 2022-12-31 | PKRs78.94 | PKRs126.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Systems Limited 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): 28.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.87%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.67x
- Recent ROE (28.91%) is above the historical average (26.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.30% | 15.65% | 1.00x | 1.10x | PKRs205.47 Million |
| 2017 | 17.74% | 14.87% | 0.96x | 1.24x | PKRs248.74 Million |
| 2018 | 25.76% | 20.18% | 0.99x | 1.29x | PKRs657.45 Million |
| 2019 | 28.60% | 21.06% | 1.02x | 1.33x | PKRs1.03 Billion |
| 2020 | 28.22% | 22.37% | 0.86x | 1.47x | PKRs1.43 Billion |
| 2021 | 36.99% | 29.16% | 0.85x | 1.49x | PKRs3.26 Billion |
| 2022 | 28.91% | 20.87% | 0.83x | 1.67x | PKRs4.34 Billion |
Industry Comparison
This section compares Systems Limited's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $7,342,991,095
- Average return on equity (ROE) among peers: 26.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Systems Limited (SYS) | PKRs33.87 Billion | 17.30% | 0.57x | $4.37K |
| Hum Network Limited (HUMNL) | $7.34 Billion | 26.59% | 0.22x | $416.26 |