United Bank Ltd
United Bank Ltd operates in Consumer Finance.
United Bank Ltd (UBL) - Net Assets
Latest net assets as of June 2024: PKRs286.20 Billion PKR
Based on the latest financial reports, United Bank Ltd (UBL) has net assets worth PKRs286.20 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 (PKRs7.81 Trillion) and total liabilities (PKRs7.52 Trillion). 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 | PKRs286.20 Billion |
| % of Total Assets | 3.67% |
| Annual Growth Rate | 8.29% |
| 5-Year Change | 49.77% |
| 10-Year Change | N/A |
| Growth Volatility | 8.43 |
United Bank Ltd - Net Assets Trend (2016–2023)
This chart illustrates how United 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 United Bank Ltd (2016–2023)
The table below shows the annual net assets of United Bank Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | PKRs285.87 Billion | +24.73% |
| 2022-12-31 | PKRs229.19 Billion | +0.38% |
| 2021-12-31 | PKRs228.31 Billion | +9.96% |
| 2020-12-31 | PKRs207.63 Billion | +8.78% |
| 2019-12-31 | PKRs190.87 Billion | +13.19% |
| 2018-12-31 | PKRs168.62 Billion | -3.36% |
| 2017-12-31 | PKRs174.49 Billion | +6.57% |
| 2016-12-31 | PKRs163.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United 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 41.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs97.38 Billion | 35.94% |
| Other Components | PKRs173.59 Billion | 64.06% |
| Total Equity | PKRs270.97 Billion | 100.00% |
United Bank Ltd Competitors by Market Cap
The table below lists competitors of United Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIOTIME
BE:BT3
|
$12.61K |
|
Ceylon Grain Elevators PLC
CM:GRANN0000
|
$12.61K |
|
King House CO., Ltd.
TWO:4419
|
$12.61K |
|
AUTOMATIC SYSTEMS LTD
SEM:ASL
|
$12.62K |
|
BiOptic Inc.
TWO:6850
|
$12.60K |
|
ScripsAmerica Inc
PINK:SCRCQ
|
$12.60K |
|
Waste Plastic Upcycling AS
OL:WPU
|
$12.59K |
|
Gemfields Plc
LSE:GEM
|
$12.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 220,066,973,000 to 270,968,216,000, a change of 50,901,243,000 (23.1%).
- Net income of 55,145,075,000 contributed positively to equity growth.
- Dividend payments of 59,235,966,000 reduced retained earnings.
- Other factors increased equity by 54,992,134,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs55.15 Billion | +20.35% |
| Dividends Paid | PKRs59.24 Billion | -21.86% |
| Other Changes | PKRs54.99 Billion | +20.29% |
| Total Change | PKRs- | 23.13% |
Book Value vs Market Value Analysis
This analysis compares United 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: 1.65x
- 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 2.63x to 1.65x 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 | PKRs138.61 | PKRs364.83 | x |
| 2018-12-31 | PKRs133.20 | PKRs364.83 | x |
| 2019-12-31 | PKRs150.03 | PKRs364.83 | x |
| 2020-12-31 | PKRs163.48 | PKRs364.83 | x |
| 2021-12-31 | PKRs179.47 | PKRs364.83 | x |
| 2022-12-31 | PKRs179.77 | PKRs364.83 | x |
| 2023-12-31 | PKRs221.35 | PKRs364.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United 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): 20.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.40%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 21.79x
- Recent ROE (20.35%) is above the historical average (13.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.42% | 33.13% | 0.05x | 10.42x | PKRs11.83 Billion |
| 2017 | 15.43% | 31.81% | 0.04x | 12.41x | PKRs9.22 Billion |
| 2018 | 9.50% | 18.55% | 0.04x | 12.28x | PKRs-823.30 Million |
| 2019 | 10.40% | 22.49% | 0.04x | 11.02x | PKRs729.34 Million |
| 2020 | 10.46% | 22.91% | 0.04x | 11.00x | PKRs925.47 Million |
| 2021 | 13.84% | 31.51% | 0.03x | 12.66x | PKRs8.44 Billion |
| 2022 | 14.33% | 28.29% | 0.04x | 13.53x | PKRs9.53 Billion |
| 2023 | 20.35% | 32.40% | 0.03x | 21.79x | PKRs28.05 Billion |
Industry Comparison
This section compares United 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 |
|---|---|---|---|---|
| United Bank Ltd (UBL) | PKRs286.20 Billion | 17.42% | 26.28x | $12.61K |
| 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 |