National Reinsurance Corporation of the Philippines
National Reinsurance Corporation of the Philippines operates in Property & Casualty Insurance.
National Reinsurance Corporation of the Philippines (NRCP) - Net Assets
Latest net assets as of June 2023: ₱5.79 Billion PHP
Based on the latest financial reports, National Reinsurance Corporation of the Philippines (NRCP) has net assets worth ₱5.79 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱19.00 Billion) and total liabilities (₱13.21 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 | ₱5.79 Billion |
| % of Total Assets | 30.46% |
| Annual Growth Rate | 1.91% |
| 5-Year Change | 16.03% |
| 10-Year Change | N/A |
| Growth Volatility | 6.58 |
National Reinsurance Corporation of the Philippines - Net Assets Trend (2015–2022)
This chart illustrates how National Reinsurance Corporation of the Philippines's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Reinsurance Corporation of the Philippines (2015–2022)
The table below shows the annual net assets of National Reinsurance Corporation of the Philippines from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱5.60 Billion | -1.13% |
| 2021-12-31 | ₱5.66 Billion | -1.43% |
| 2020-12-31 | ₱5.75 Billion | +7.22% |
| 2019-12-31 | ₱5.36 Billion | +11.04% |
| 2018-12-31 | ₱4.83 Billion | -8.73% |
| 2017-12-31 | ₱5.29 Billion | +8.94% |
| 2016-12-31 | ₱4.85 Billion | -1.08% |
| 2015-12-31 | ₱4.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Reinsurance Corporation of the Philippines'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 78598330000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱721.58 Million | 12.88% |
| Common Stock | ₱2.18 Billion | 38.96% |
| Other Components | ₱2.70 Billion | 48.15% |
| Total Equity | ₱5.60 Billion | 100.00% |
National Reinsurance Corporation of the Philippines Competitors by Market Cap
The table below lists competitors of National Reinsurance Corporation of the Philippines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ventana Biotech Inc
PINK:VNTA
|
$109.60 |
|
Controladora Axtel S.A.B. de C.V.
PINK:CTLDF
|
$109.69 |
|
NAIROBI BUSINESS VENTURES LTD
XNAI:NBVL
|
$109.83 |
|
European Assets Trust PLC
LSE:EAT
|
$110.83 |
|
BRAZILIAN METAL
BE:LR4
|
$109.36 |
|
Golden Prospect Precious Metals Ltd
LSE:GPM
|
$109.21 |
|
MALAWI PROPERTY INVESTMENT COMPANY
MSE:MPICO
|
$108.81 |
|
European Resources Limited
AU:ERE
|
$108.53 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Reinsurance Corporation of the Philippines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 5,664,210,000 to 5,600,414,000, a change of -63,796,000 (-1.1%).
- Net income of 55,701,000 contributed positively to equity growth.
- Other factors decreased equity by 119,497,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱55.70 Million | +0.99% |
| Other Changes | ₱-119.50 Million | -2.13% |
| Total Change | ₱- | -1.13% |
Book Value vs Market Value Analysis
This analysis compares National Reinsurance Corporation of the Philippines'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: 0.27x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱2.29 | ₱0.70 | x |
| 2017-12-31 | ₱2.49 | ₱0.70 | x |
| 2018-12-31 | ₱2.27 | ₱0.70 | x |
| 2019-12-31 | ₱2.52 | ₱0.70 | x |
| 2020-12-31 | ₱2.71 | ₱0.70 | x |
| 2021-12-31 | ₱2.67 | ₱0.70 | x |
| 2022-12-31 | ₱2.64 | ₱0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Reinsurance Corporation of the Philippines 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): 0.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.85%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.27x
- Recent ROE (0.99%) is below the historical average (2.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.65% | 0.00% | 0.00x | 2.74x | ₱-311.59 Million |
| 2016 | 0.56% | 2.19% | 0.09x | 2.90x | ₱-458.21 Million |
| 2017 | 1.57% | 3.65% | 0.16x | 2.68x | ₱-445.84 Million |
| 2018 | 3.09% | 5.53% | 0.19x | 2.87x | ₱-333.44 Million |
| 2019 | 2.92% | 4.79% | 0.22x | 2.80x | ₱-379.24 Million |
| 2020 | 2.09% | 3.25% | 0.23x | 2.76x | ₱-454.72 Million |
| 2021 | 2.50% | 4.78% | 0.18x | 2.95x | ₱-424.72 Million |
| 2022 | 0.99% | 1.85% | 0.16x | 3.27x | ₱-504.34 Million |
Industry Comparison
This section compares National Reinsurance Corporation of the Philippines's net assets metrics with peer companies in the Insurance industry.
No peer company data available for comparison.