Rizal Commercial Banking Corp
Rizal Commercial Banking Corp operates in Consumer Finance.
Rizal Commercial Banking Corp (RCB) - Net Assets
Latest net assets as of June 2023: ₱118.39 Billion PHP
Based on the latest financial reports, Rizal Commercial Banking Corp (RCB) has net assets worth ₱118.39 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 (₱1.17 Trillion) and total liabilities (₱1.06 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 | ₱118.39 Billion |
| % of Total Assets | 10.08% |
| Annual Growth Rate | 10.3% |
| 5-Year Change | 43.39% |
| 10-Year Change | N/A |
| Growth Volatility | 6.89 |
Rizal Commercial Banking Corp - Net Assets Trend (2014–2022)
This chart illustrates how Rizal Commercial Banking Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rizal Commercial Banking Corp (2014–2022)
The table below shows the annual net assets of Rizal Commercial Banking Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱116.35 Billion | +4.76% |
| 2021-12-31 | ₱111.06 Billion | +9.57% |
| 2020-12-31 | ₱101.36 Billion | +22.37% |
| 2019-12-31 | ₱82.83 Billion | +2.08% |
| 2018-12-31 | ₱81.14 Billion | +21.11% |
| 2017-12-31 | ₱67.00 Billion | +7.88% |
| 2016-12-31 | ₱62.11 Billion | +6.89% |
| 2015-12-31 | ₱58.10 Billion | +9.41% |
| 2014-12-31 | ₱53.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rizal Commercial Banking Corp'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 182.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱52.56 Billion | 45.18% |
| Common Stock | ₱22.51 Billion | 19.35% |
| Other Components | ₱41.28 Billion | 35.48% |
| Total Equity | ₱116.35 Billion | 100.00% |
Rizal Commercial Banking Corp Competitors by Market Cap
The table below lists competitors of Rizal Commercial Banking Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aitken Spence Hotel Holdings PLC
CM:AHUNN0000
|
$3.89K |
|
Lead Innovation Corp
PINK:LEIC
|
$3.89K |
|
67GX
LSE:67GX
|
$3.89K |
|
K3 Business Technology Group PLC
LSE:KBT
|
$3.90K |
|
North PetroVietnam Fertilizer & Chemicals JSC
VN:PMB
|
$3.88K |
|
Detalion Games S.A.
WAR:DEG
|
$3.88K |
|
Fable Media Group AB
ST:FABLE
|
$3.88K |
|
Hansol Homedeco Co. Ltd.
KQ:025750
|
$3.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rizal Commercial Banking Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 111,062,000,000 to 116,353,000,000, a change of 5,291,000,000 (4.8%).
- Net income of 12,080,000,000 contributed positively to equity growth.
- Dividend payments of 2,308,000,000 reduced retained earnings.
- Share repurchases of 12,000,000 reduced equity.
- Other factors decreased equity by 4,469,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱12.08 Billion | +10.38% |
| Dividends Paid | ₱2.31 Billion | -1.98% |
| Share Repurchases | ₱12.00 Million | -0.01% |
| Other Changes | ₱-4.47 Billion | -3.84% |
| Total Change | ₱- | 4.76% |
Book Value vs Market Value Analysis
This analysis compares Rizal Commercial Banking Corp'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: 0.42x
- 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 0.58x to 0.42x 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 | ₱41.34 | ₱24.00 | x |
| 2017-12-31 | ₱44.60 | ₱24.00 | x |
| 2018-12-31 | ₱41.92 | ₱24.00 | x |
| 2019-12-31 | ₱42.79 | ₱24.00 | x |
| 2020-12-31 | ₱52.37 | ₱24.00 | x |
| 2021-12-31 | ₱54.51 | ₱24.00 | x |
| 2022-12-31 | ₱57.11 | ₱24.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rizal Commercial Banking Corp 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): 10.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 9.92x
- Recent ROE (10.38%) is above the historical average (7.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 8.31% | 0.00% | 0.00x | 8.62x | ₱-899.90 Million |
| 2015 | 8.83% | 0.00% | 0.00x | 8.88x | ₱-681.50 Million |
| 2016 | 6.23% | 0.00% | 0.00x | 8.39x | ₱-2.34 Billion |
| 2017 | 6.43% | 0.00% | 0.00x | 8.27x | ₱-2.39 Billion |
| 2018 | 5.32% | 0.00% | 0.00x | 7.94x | ₱-3.79 Billion |
| 2019 | 6.50% | 0.00% | 0.00x | 9.26x | ₱-2.90 Billion |
| 2020 | 4.95% | 0.00% | 0.00x | 7.62x | ₱-5.12 Billion |
| 2021 | 6.38% | 0.00% | 0.00x | 8.64x | ₱-4.02 Billion |
| 2022 | 10.38% | 0.00% | 0.00x | 9.92x | ₱444.70 Million |
Industry Comparison
This section compares Rizal Commercial Banking Corp's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $126,744,169,288
- Average return on equity (ROE) among peers: 8.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rizal Commercial Banking Corp (RCB) | ₱118.39 Billion | 8.31% | 8.92x | $3.88K |
| 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 National Bank (PNB) | $152.09 Billion | 6.37% | 6.51x | $9.06K |
| Philippine Savings Bank (PSB) | $37.14 Billion | 9.90% | 6.12x | $9.09K |