Bank of the Philippine Islands
Bank of the Philippine Islands operates in Consumer Finance.
Bank of the Philippine Islands (BPI) - Net Assets
Latest net assets as of September 2023: ₱349.61 Billion PHP
Based on the latest financial reports, Bank of the Philippine Islands (BPI) has net assets worth ₱349.61 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱2.71 Trillion) and total liabilities (₱2.36 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 | ₱349.61 Billion |
| % of Total Assets | 12.9% |
| Annual Growth Rate | 10.39% |
| 5-Year Change | 27.85% |
| 10-Year Change | N/A |
| Growth Volatility | 10.35 |
Bank of the Philippine Islands - Net Assets Trend (2014–2022)
This chart illustrates how Bank of the Philippine Islands's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bank of the Philippine Islands (2014–2022)
The table below shows the annual net assets of Bank of the Philippine Islands from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱317.72 Billion | +8.42% |
| 2021-12-31 | ₱293.06 Billion | +4.73% |
| 2020-12-31 | ₱279.83 Billion | +3.81% |
| 2019-12-31 | ₱269.58 Billion | +8.47% |
| 2018-12-31 | ₱248.52 Billion | +37.54% |
| 2017-12-31 | ₱180.69 Billion | +9.42% |
| 2016-12-31 | ₱165.13 Billion | +9.88% |
| 2015-12-31 | ₱150.28 Billion | +4.32% |
| 2014-12-31 | ₱144.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bank of the Philippine Islands'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 169.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱211.71 Billion | 66.63% |
| Common Stock | ₱49.19 Billion | 15.48% |
| Other Components | ₱56.82 Billion | 17.88% |
| Total Equity | ₱317.72 Billion | 100.00% |
Bank of the Philippine Islands Competitors by Market Cap
The table below lists competitors of Bank of the Philippine Islands ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wilk Technologies Ltd
TA:WILK
|
$15.99K |
|
CARPHONE WARE GRP - Dusseldorf Stock Exchang
DU:CWB
|
$16.00K |
|
Creative Graphics Solutions India Ltd
NSE:CGRAPHICS-SM
|
$16.02K |
|
SINGULUS TECHNOLOGI - Dusseldorf Stock Exchang
DU:SNG
|
$16.03K |
|
STANLEY
NSE:STANLEY
|
$15.97K |
|
Fauji Fertilizer Company Ltd
KAR:FFC
|
$15.96K |
|
Nara Cellar Co. Ltd.
KO:405920
|
$15.93K |
|
Foremost Clean Energy Ltd.
F:F0R
|
$15.92K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of the Philippine Islands's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 293,060,000,000 to 317,722,000,000, a change of 24,662,000,000 (8.4%).
- Net income of 39,605,000,000 contributed positively to equity growth.
- Dividend payments of 9,745,000,000 reduced retained earnings.
- Share repurchases of 208,000,000 reduced equity.
- Other factors decreased equity by 4,990,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱39.60 Billion | +12.47% |
| Dividends Paid | ₱9.74 Billion | -3.07% |
| Share Repurchases | ₱208.00 Million | -0.07% |
| Other Changes | ₱-4.99 Billion | -1.57% |
| Total Change | ₱- | 8.42% |
Book Value vs Market Value Analysis
This analysis compares Bank of the Philippine Islands'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: 1.54x
- 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 2.38x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱41.94 | ₱99.75 | x |
| 2017-12-31 | ₱45.87 | ₱99.75 | x |
| 2018-12-31 | ₱55.20 | ₱99.75 | x |
| 2019-12-31 | ₱59.81 | ₱99.75 | x |
| 2020-12-31 | ₱56.90 | ₱99.75 | x |
| 2021-12-31 | ₱59.59 | ₱99.75 | x |
| 2022-12-31 | ₱64.61 | ₱99.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of the Philippine Islands 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): 12.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 8.20x
- Recent ROE (12.47%) is above the historical average (10.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.52% | 0.00% | 0.00x | 10.07x | ₱3.63 Billion |
| 2015 | 12.13% | 0.00% | 0.00x | 10.09x | ₱3.21 Billion |
| 2016 | 13.35% | 0.00% | 0.00x | 10.45x | ₱5.54 Billion |
| 2017 | 12.41% | 0.00% | 0.00x | 10.54x | ₱4.35 Billion |
| 2018 | 9.29% | 0.00% | 0.00x | 8.39x | ₱-1.77 Billion |
| 2019 | 10.68% | 0.00% | 0.00x | 8.18x | ₱1.85 Billion |
| 2020 | 7.65% | 0.00% | 0.00x | 7.98x | ₱-6.57 Billion |
| 2021 | 8.15% | 0.00% | 0.00x | 8.26x | ₱-5.43 Billion |
| 2022 | 12.47% | 0.00% | 0.00x | 8.20x | ₱7.83 Billion |
Industry Comparison
This section compares Bank of the Philippine Islands's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $131,290,830,001
- Average return on equity (ROE) among peers: 6.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of the Philippine Islands (BPI) | ₱349.61 Billion | 12.52% | 6.75x | $15.98K |
| Asia United Bank Corp (AUB) | $35.08 Billion | 8.62% | 7.99x | $6.31K |
| BDO Unibank Inc (BDO) | $216.82 Billion | 12.10% | 9.72x | $19.96K |
| Filinvest Development Coproration (FDC) | $123.58 Billion | 4.91% | 4.42x | $666.19 |
| Ferronoux Holdings Inc (FERRO) | $136.93 Million | 1.34% | 0.08x | $881.03 |
| LT Group Inc (LTG) | $198.84 Billion | 12.64% | 5.38x | $2.30K |
| Metropolitan Bank & Trust Co (MBT) | $318.50 Billion | 6.96% | 6.86x | $10.31K |
| Philippine National Bank (PNB) | $152.78 Billion | 1.71% | 7.06x | $8.54K |
| Philippine Savings Bank (PSB) | $34.51 Billion | 3.21% | 5.36x | $9.23K |
| Rizal Commercial Banking Corp (RCB) | $101.36 Billion | 4.95% | 6.62x | $3.76K |