Philippine National Bank
Philippine National Bank operates in Consumer Finance.
Philippine National Bank (PNB) - Net Assets
Latest net assets as of September 2023: ₱182.50 Billion PHP
Based on the latest financial reports, Philippine National Bank (PNB) has net assets worth ₱182.50 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 (₱1.18 Trillion) and total liabilities (₱996.74 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 | ₱182.50 Billion |
| % of Total Assets | 15.48% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | 32.38% |
| 10-Year Change | N/A |
| Growth Volatility | 6.11 |
Philippine National Bank - Net Assets Trend (2015–2022)
This chart illustrates how Philippine National Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Philippine National Bank (2015–2022)
The table below shows the annual net assets of Philippine National Bank from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱166.36 Billion | +5.29% |
| 2021-12-31 | ₱158.00 Billion | +3.42% |
| 2020-12-31 | ₱152.78 Billion | +0.45% |
| 2019-12-31 | ₱152.09 Billion | +21.03% |
| 2018-12-31 | ₱125.66 Billion | +7.32% |
| 2017-12-31 | ₱117.09 Billion | +9.12% |
| 2016-12-31 | ₱107.31 Billion | +5.48% |
| 2015-12-31 | ₱101.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Philippine National Bank'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 203.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱78.68 Billion | 47.29% |
| Common Stock | ₱61.03 Billion | 36.69% |
| Other Components | ₱26.65 Billion | 16.02% |
| Total Equity | ₱166.36 Billion | 100.00% |
Philippine National Bank Competitors by Market Cap
The table below lists competitors of Philippine National Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Delta Sugar
EGX:SUGR
|
$9.07K |
|
72HN
LSE:72HN
|
$9.08K |
|
Hubei Donper Electromechanical Group Co. Ltd.
SHG:601956
|
$9.09K |
|
ECS0
F:ECS0
|
$9.09K |
|
SunVic Technology Co., Ltd.
TWO:4304
|
$9.04K |
|
Komo Plant Based Foods Inc
PINK:KOMOF
|
$9.01K |
|
Habib Bank Ltd
KAR:HBL
|
$9.01K |
|
High Arctic Overseas Holdings Corp.
V:HOH
|
$9.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Philippine National Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 158,003,813,000 to 166,356,256,000, a change of 8,352,443,000 (5.3%).
- Net income of 11,532,318,000 contributed positively to equity growth.
- Other factors decreased equity by 3,179,875,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱11.53 Billion | +6.93% |
| Other Changes | ₱-3.18 Billion | -1.91% |
| Total Change | ₱- | 5.29% |
Book Value vs Market Value Analysis
This analysis compares Philippine National Bank'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: 0.52x
- 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 0.69x to 0.52x 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 | ₱82.85 | ₱57.00 | x |
| 2017-12-31 | ₱90.40 | ₱57.00 | x |
| 2018-12-31 | ₱97.01 | ₱57.00 | x |
| 2019-12-31 | ₱99.68 | ₱57.00 | x |
| 2020-12-31 | ₱100.13 | ₱57.00 | x |
| 2021-12-31 | ₱103.56 | ₱57.00 | x |
| 2022-12-31 | ₱109.03 | ₱57.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Philippine National Bank 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): 6.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 6.88x
- Recent ROE (6.93%) is below the historical average (7.77%), 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 | 6.01% | 0.00% | 0.00x | 6.68x | ₱-4.06 Billion |
| 2016 | 6.64% | 0.00% | 0.00x | 7.03x | ₱-3.61 Billion |
| 2017 | 6.97% | 0.00% | 0.00x | 7.14x | ₱-3.55 Billion |
| 2018 | 7.53% | 0.00% | 0.00x | 7.83x | ₱-3.10 Billion |
| 2019 | 6.37% | 0.00% | 0.00x | 7.51x | ₱-5.53 Billion |
| 2020 | 1.71% | 0.00% | 0.00x | 8.06x | ₱-12.66 Billion |
| 2021 | 20.02% | 0.00% | 0.00x | 7.54x | ₱15.83 Billion |
| 2022 | 6.93% | 0.00% | 0.00x | 6.88x | ₱-5.10 Billion |
Industry Comparison
This section compares Philippine National Bank's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $116,745,684,621
- Average return on equity (ROE) among peers: 8.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Philippine National Bank (PNB) | ₱182.50 Billion | 6.01% | 5.46x | $9.06K |
| Asia United Bank Corp (AUB) | $35.08 Billion | 8.62% | 7.99x | $6.66K |
| BDO Unibank Inc (BDO) | $216.82 Billion | 12.10% | 9.72x | $18.87K |
| Bank of the Philippine Islands (BPI) | $279.83 Billion | 7.65% | 6.98x | $15.96K |
| Filinvest Development Coproration (FDC) | $79.40 Billion | 8.33% | 5.71x | $717.41 |
| Ferronoux Holdings Inc (FERRO) | $131.11 Million | 0.39% | 0.04x | $881.03 |
| LT Group Inc (LTG) | $190.07 Billion | 10.65% | 5.90x | $2.38K |
| Metropolitan Bank & Trust Co (MBT) | $150.13 Billion | 13.40% | 9.69x | $10.49K |
| Philippine Savings Bank (PSB) | $37.14 Billion | 9.90% | 6.12x | $9.09K |
| Rizal Commercial Banking Corp (RCB) | $62.11 Billion | 6.23% | 7.39x | $3.88K |