Security Bank Corp
Security Bank Corp operates in Consumer Finance.
Security Bank Corp (SECB) - Net Assets
Latest net assets as of September 2023: ₱132.56 Billion PHP
Based on the latest financial reports, Security Bank Corp (SECB) has net assets worth ₱132.56 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 (₱814.75 Billion) and total liabilities (₱682.19 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 | ₱132.56 Billion |
| % of Total Assets | 16.27% |
| Annual Growth Rate | 13.14% |
| 5-Year Change | 14.96% |
| 10-Year Change | N/A |
| Growth Volatility | 25.69 |
Security Bank Corp - Net Assets Trend (2014–2022)
This chart illustrates how Security Bank 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 Security Bank Corp (2014–2022)
The table below shows the annual net assets of Security Bank Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱125.85 Billion | +0.62% |
| 2021-12-31 | ₱125.07 Billion | +1.43% |
| 2020-12-31 | ₱123.31 Billion | +4.25% |
| 2019-12-31 | ₱118.28 Billion | +8.04% |
| 2018-12-31 | ₱109.48 Billion | +4.19% |
| 2017-12-31 | ₱105.07 Billion | +8.19% |
| 2016-12-31 | ₱97.12 Billion | +82.53% |
| 2015-12-31 | ₱53.21 Billion | +13.50% |
| 2014-12-31 | ₱46.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Security Bank 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 137.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱89.00 Billion | 70.72% |
| Common Stock | ₱7.54 Billion | 5.99% |
| Other Components | ₱29.31 Billion | 23.29% |
| Total Equity | ₱125.85 Billion | 100.00% |
Security Bank Corp Competitors by Market Cap
The table below lists competitors of Security Bank Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
4SC AG
BE:VSC
|
$10.51K |
|
Murphy&Spitz Green Capital Aktiengesellschaft
DU:6MP
|
$10.51K |
|
Dolfines SA
F:JPZ
|
$10.52K |
|
Petrolimex Hanoi
VN:PJC
|
$10.52K |
|
WCM Global Growth Ltd
AU:WQG
|
$10.50K |
|
King Shing Industrial Co, LTD.
TW:7732
|
$10.49K |
|
Hoa Cam Concrete JSC
VN:HCC
|
$10.49K |
|
Metropolitan Bank & Trust Co
PSE:MBT
|
$10.49K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Security Bank Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 125,069,520,000 to 125,848,081,000, a change of 778,561,000 (0.6%).
- Net income of 10,555,599,000 contributed positively to equity growth.
- Dividend payments of 2,266,963,000 reduced retained earnings.
- Other factors decreased equity by 7,510,075,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱10.56 Billion | +8.39% |
| Dividends Paid | ₱2.27 Billion | -1.8% |
| Other Changes | ₱-7.51 Billion | -5.97% |
| Total Change | ₱- | 0.62% |
Book Value vs Market Value Analysis
This analysis compares Security Bank 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: 0.40x
- 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 0.52x to 0.40x 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 | ₱128.89 | ₱66.75 | x |
| 2017-12-31 | ₱139.44 | ₱66.75 | x |
| 2018-12-31 | ₱145.28 | ₱66.75 | x |
| 2019-12-31 | ₱156.97 | ₱66.75 | x |
| 2020-12-31 | ₱163.64 | ₱66.75 | x |
| 2021-12-31 | ₱165.98 | ₱66.75 | x |
| 2022-12-31 | ₱167.01 | ₱66.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Security Bank 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): 8.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 6.69x
- Recent ROE (8.39%) is below the historical average (9.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.28% | 0.00% | 0.00x | 8.47x | ₱2.48 Billion |
| 2015 | 14.47% | 0.00% | 0.00x | 10.00x | ₱2.38 Billion |
| 2016 | 8.81% | 0.00% | 0.00x | 7.16x | ₱-1.16 Billion |
| 2017 | 9.77% | 0.00% | 0.00x | 6.61x | ₱-242.49 Million |
| 2018 | 7.86% | 0.00% | 0.00x | 7.00x | ₱-2.34 Billion |
| 2019 | 8.54% | 0.00% | 0.00x | 6.70x | ₱-1.73 Billion |
| 2020 | 6.03% | 0.00% | 0.00x | 5.29x | ₱-4.90 Billion |
| 2021 | 5.53% | 0.00% | 0.00x | 5.59x | ₱-5.59 Billion |
| 2022 | 8.39% | 0.00% | 0.00x | 6.69x | ₱-2.03 Billion |
Industry Comparison
This section compares Security Bank Corp's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $120,280,452,359
- Average return on equity (ROE) among peers: 8.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Security Bank Corp (SECB) | ₱132.56 Billion | 15.28% | 5.15x | $10.50K |
| 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 |
| Rizal Commercial Banking Corp (RCB) | $62.11 Billion | 6.23% | 7.39x | $3.88K |