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Prime Bank

DSE:PRIMEBANK
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRIMEBANK
DSE
BDT17B
Market Cap
  1. Home
  2. BD
  3. Banks
Company description

Prime Bank Limited, together with its subsidiaries, provides various commercial banking products and services in Bangladesh and internationally. The last earnings update was 160 days ago. More info.


Add to Portfolio Compare Print
PRIMEBANK Share Price and Events
7 Day Returns
0%
DSE:PRIMEBANK
0%
BD Banks
0%
BD Market
1 Year Returns
-16.6%
DSE:PRIMEBANK
-21.4%
BD Banks
-25.3%
BD Market
PRIMEBANK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prime Bank (PRIMEBANK) 0% 4.3% -14.6% -16.6% -24.2% 1%
BD Banks - 2.8% -8.1% -21.4% -20.7% 29.7%
BD Market 0% -0.9% -4.3% -25.3% -24.6% -8.1%
1 Year Return vs Industry and Market
  • PRIMEBANK outperformed the Banks industry which returned -21.4% over the past year.
  • PRIMEBANK outperformed the Market in Bangladesh which returned -25.3% over the past year.
Price Volatility
PRIMEBANK
Industry
5yr Volatility vs Market

Value

 Is Prime Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prime Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prime Bank.

DSE:PRIMEBANK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= BDT22.34 * 8.9%
BDT1.99
Book Value of Equity per Share Median Book Value from the past 5 years. BDT22.34
Discount Rate (Cost of Equity) See below 16.9%
Perpetual Growth Rate 10-Year BD Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DSE:PRIMEBANK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BD Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 10%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.555 (1 + (1- 25%) (222.9%))
1.345
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.345 * 10%)
16.88%

Discounted Cash Flow Calculation for DSE:PRIMEBANK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Prime Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DSE:PRIMEBANK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 16.88%) * BDT22.34)
BDT-1.78
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= BDT-1.78 / (16.88% - 3.43%)
BDT-13.24
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= BDT22.34 + BDT-13.24
BDT9.1
DSE:PRIMEBANK Discount to Share Price
Calculation Result
Value per share (BDT) From above. BDT9.10
Current discount Discount to share price of BDT14.60
= -1 x (BDT14.60 - BDT9.10) / BDT9.10
-60.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Prime Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prime Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prime Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DSE:PRIMEBANK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BDT BDT2.18
DSE:PRIMEBANK Share Price ** DSE (2020-03-25) in BDT BDT14.6
Bangladesh Banks Industry PE Ratio Median Figure of 28 Publicly-Listed Banks Companies 5.83x
Bangladesh Market PE Ratio Median Figure of 228 Publicly-Listed Companies 12.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prime Bank.

DSE:PRIMEBANK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DSE:PRIMEBANK Share Price ÷ EPS (both in BDT)

= 14.6 ÷ 2.18

6.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prime Bank is overvalued based on earnings compared to the BD Banks industry average.
  • Prime Bank is good value based on earnings compared to the Bangladesh market.
Price based on expected Growth
Does Prime Bank's expected growth come at a high price?
Raw Data
DSE:PRIMEBANK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Banks Industry PEG Ratio Median Figure of 177 Publicly-Listed Banks Companies 0.72x
Bangladesh Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prime Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prime Bank's assets?
Raw Data
DSE:PRIMEBANK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BDT BDT23.25
DSE:PRIMEBANK Share Price * DSE (2020-03-25) in BDT BDT14.6
Bangladesh Banks Industry PB Ratio Median Figure of 29 Publicly-Listed Banks Companies 0.63x
Bangladesh Market PB Ratio Median Figure of 263 Publicly-Listed Companies 0.95x
DSE:PRIMEBANK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DSE:PRIMEBANK Share Price ÷ Book Value per Share (both in BDT)

= 14.6 ÷ 23.25

0.63x

* Primary Listing of Prime Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prime Bank is overvalued based on assets compared to the BD Banks industry average.
X
Value checks
We assess Prime Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Prime Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Prime Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prime Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prime Bank expected to grow at an attractive rate?
  • Unable to compare Prime Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prime Bank's earnings growth to the Bangladesh market average as no estimate data is available.
  • Unable to compare Prime Bank's revenue growth to the Bangladesh market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DSE:PRIMEBANK Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Bangladesh Banks Industry Revenue Growth Rate Market Cap Weighted Average 14.7%
Bangladesh Market Earnings Growth Rate Market Cap Weighted Average 14%
Bangladesh Market Revenue Growth Rate Market Cap Weighted Average 10%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DSE:PRIMEBANK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BDT Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DSE:PRIMEBANK Future Estimates Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-09
2019-12-31
DSE:PRIMEBANK Past Financials Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income *
2019-09-30 12,423 -22,544 2,471
2019-06-30 12,426 -22,723 2,476
2019-03-31 11,866 -18,465 2,324
2018-12-31 11,529 -7,553 2,254
2018-09-30 10,587 -20,181 1,049
2018-06-30 9,888 -1,254 1,134
2018-03-31 9,490 -539 767
2017-12-31 9,437 -1,145 1,216
2017-09-30 10,969 9,981 3,425
2017-06-30 10,426 -4,921 2,746
2017-03-31 9,459 1,016 2,460
2016-12-31 9,146 224 2,188

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prime Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Prime Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DSE:PRIMEBANK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prime Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:PRIMEBANK Future Estimates Data
Date (Data in BDT Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-09
2019-12-31
DSE:PRIMEBANK Past Financials Data
Date (Data in BDT Millions) EPS *
2019-09-30 2.18
2019-06-30 2.19
2019-03-31 2.05
2018-12-31 1.99
2018-09-30 0.93
2018-06-30 1.00
2018-03-31 0.68
2017-12-31 1.07
2017-09-30 3.00
2017-06-30 2.44
2017-03-31 2.18
2016-12-31 1.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Prime Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Prime Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Prime Bank's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Prime Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Bangladesh market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prime Bank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Prime Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prime Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prime Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Prime Bank's 1-year earnings growth exceeds its 5-year average (135.6% vs -5.1%)
  • Prime Bank's earnings growth has exceeded the BD Banks industry average in the past year (135.6% vs 20.7%).
Earnings and Revenue History
Prime Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prime Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:PRIMEBANK Past Revenue, Cash Flow and Net Income Data
Date (Data in BDT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 12,422.74 2,470.85 6,228.12
2019-06-30 12,426.24 2,475.74 6,214.69
2019-03-31 11,865.98 2,323.96 6,300.76
2018-12-31 11,529.50 2,253.63 6,219.93
2018-09-30 10,587.13 1,048.62 6,184.87
2018-06-30 9,887.83 1,133.98 6,069.17
2018-03-31 9,489.85 766.67 5,934.45
2017-12-31 9,436.95 1,215.53 5,702.32
2017-09-30 10,969.44 3,424.51 5,596.10
2017-06-30 10,425.75 2,745.74 5,512.18
2017-03-31 9,458.97 2,459.80 5,379.03
2016-12-31 9,145.72 2,188.09 5,360.39
2016-09-30 6,695.35 -38.10 5,286.88
2016-06-30 7,390.73 324.78 5,551.03
2016-03-31 9,235.50 1,918.63 5,384.32
2015-12-31 9,338.25 2,173.00 5,264.43
2015-09-30 9,957.23 3,252.33 5,086.28
2015-06-30 10,357.05 3,403.54 5,015.71
2015-03-31 8,911.10 1,738.98 4,951.43
2014-12-31 9,264.87 2,245.54 4,830.30
2014-09-30 11,600.56 3,042.44 5,047.48
2014-06-30 12,110.87 3,700.41 4,475.30
2014-03-31 12,638.98 4,844.35 4,515.91
2013-12-31 9,725.13 2,038.31 4,442.30
2013-09-30 8,343.70 1,006.12 4,461.37
2013-06-30 8,090.12 824.20 4,381.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Prime Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prime Bank used its assets more efficiently than the BD Banks industry average last year based on Return on Assets.
  • Unable to establish if Prime Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Prime Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prime Bank has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Prime Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Prime Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prime Bank Company Filings, last reported 6 months ago.

DSE:PRIMEBANK Past Debt and Equity Data
Date (Data in BDT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 26,327.69 36,847.66 36,635.16
2019-06-30 25,835.14 35,367.55 10,087.43
2019-03-31 26,686.22 37,588.98 13,141.10
2018-12-31 26,298.60 33,944.52 13,660.44
2018-09-30 25,330.36 35,311.74 23,429.53
2018-06-30 24,826.55 24,714.29 10,679.18
2018-03-31 25,154.68 23,053.23 16,982.01
2017-12-31 24,812.95 22,138.00 11,853.70
2017-09-30 25,053.58 14,894.69 20,266.65
2017-06-30 24,461.09 13,637.78 5,648.49
2017-03-31 26,090.82 11,902.07 4,465.38
2016-12-31 25,293.39 16,596.72 7,622.13
2016-09-30 23,362.24 11,720.19 5,491.71
2016-06-30 23,483.68 11,076.31 9,308.02
2016-03-31 25,550.38 9,657.98 7,571.15
2015-12-31 26,503.87 10,749.47 32,486.71
2015-09-30 26,294.37 9,683.03 6,904.02
2015-06-30 25,029.84 10,994.51 7,460.26
2015-03-31 25,237.12 11,088.27 4,216.03
2014-12-31 24,581.61 8,083.20 21,175.17
2014-09-30 23,726.12 12,476.60 5,053.31
2014-06-30 23,212.96 4,897.09 6,858.69
2014-03-31 24,059.66 5,556.99 3,813.06
2013-12-31 23,358.52 4,273.60 12,294.88
2013-09-30 20,504.28 3,758.68 5,020.25
2013-06-30 19,397.61 4,217.89 3,662.43
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Prime Bank has an acceptable proportion of non-loan assets held.
  • Prime Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Prime Bank are broadly funded by customer deposits.
  • Prime Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Prime Bank has a low allowance for bad loans.
  • Prime Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Prime Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prime Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Prime Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.56%
Current annual income from Prime Bank dividends.
If you bought BDT2,000 of Prime Bank shares you are expected to receive BDT171 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Prime Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Bangladesh (1.77%).
  • Prime Bank's dividend is above the markets top 25% of dividend payers in Bangladesh (5.35%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DSE:PRIMEBANK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Bangladesh Banks Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 6.8%
Bangladesh Market Average Dividend Yield Market Cap Weighted Average of 212 Stocks 4.2%
Bangladesh Minimum Threshold Dividend Yield 10th Percentile 0.8%
Bangladesh Bottom 25% Dividend Yield 25th Percentile 1.8%
Bangladesh Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DSE:PRIMEBANK Future Dividends Estimate Data
Date (Data in BDT) Dividend per Share (annual) Avg. No. Analysts
2020-04-09
2019-12-31
DSE:PRIMEBANK Past Annualized Dividends Data
Date (Data in BDT) Dividend per share (annual) Avg. Yield (%)
2019-04-04 1.250 7.059
2018-05-09 0.636 3.702
2017-03-30 1.455 6.804
2016-03-28 1.364 9.074
2015-03-19 1.364 8.534
2014-03-16 1.136 6.046
2013-02-28 0.826 3.655
2012-03-18 0.689 2.432
2011-02-20 2.551 8.629
2010-02-15 0.392 1.259

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Prime Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Prime Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prime Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prime Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Prime Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rahel Ahmed
TENURE AS CEO 2.3 years
CEO Bio

Mr. Rahel Ahmed has been Managing Director and Chief Executive Officer of Prime Bank Ltd. ("Prime Bank") since December 14, 2017 and is a career banker and served as Deputy Managing Director and Chief Business Officer of Prime Bank. Mr. Ahmed is an international banker of varied Wholesale Banking background having worked before with in various leadership roles with the two largest multinational Banks in Bangladesh, ANZ Grindlays Bank and Standard Chartered Bank for more than a decade. He has subsequently resided and worked in Dubai, UAE for around 7 years to work for two of the largest regional Banks, Emirates NBD Banking Group and First Gulf Bank in different senior roles including specialization in Islamic Banking. He has played a leading role over the last almost 3 years in leading the ‘Business Model Restructuring and Centralization’ for Prime Bank. He has an MBA (Major in International Business) from the Maastricht School of Business, Netherlands. He is also a certified "Credit Professional" of world reputed Omega in UK and holds Certificate of Recognition in International Trade Skill Assessment Program jointly conducted by Standard Chartered Group London and ICC. He was also awardee of Outstanding Employee and CEO’s award in Standard Chartered Bank and First Gulf Bank for his outstanding performance in different times.

CEO Compensation
  • Insufficient data for Rahel to compare compensation growth.
  • Insufficient data for Rahel to establish whether their remuneration is reasonable compared to companies of similar size in Bangladesh.
Management Team Tenure

Average tenure of the Prime Bank management team in years:

2.3
Average Tenure
  • The tenure for the Prime Bank management team is about average.
Management Team

Md. Hossain

TITLE
Senior EVP

Rahel Ahmed

TITLE
MD, CEO & Director
TENURE
2.3 yrs

Mohammad Rahman Chowdhury

TITLE
Deputy MD & CFO
TENURE
2.3 yrs

Mohammad Uddin

TITLE
Head of Internal Control & Compliance and Senior Executive VP

Ziaur Rahman

TITLE
Senior EVP & Head of Human Resources Division

Mohammed Habib

TITLE
Senior EVP & Company Secretary

Md. Hossain

TITLE
Head of IT Infrastructure & Planning and Senior EVP

Md. Islam

TITLE
Chief Anti-Money Laundering Compliance Officer & Senior EVP

Md. Khan

TITLE
Deputy Managing Director
TENURE
5.1 yrs

Md. Hossain

TITLE
Senior Executive Vice President
Board of Directors Tenure

Average tenure of the Prime Bank board of directors in years:

2.3
Average Tenure
  • The average tenure for the Prime Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Azam Chowdhury

TITLE
Chairman of the Board
TENURE
5.8 yrs

Mafiz Bhuiyan

TITLE
Vice Chairman
TENURE
2.3 yrs

Imran Khan

TITLE
Vice Chairman
TENURE
2.3 yrs

Md. Hossain

TITLE
Senior EVP
TENURE
1.9 yrs

Rahel Ahmed

TITLE
MD, CEO & Director

Abu Zafar Md. Islam

TITLE
Executive VP

Moulana Salah-Uddin

TITLE
Chairman of Shariah Supervisory Committee

Md. Shirajul Mollah

TITLE
Director
TENURE
1.9 yrs

Shamsuddin Ahmad

TITLE
Independent Director
TENURE
5 yrs

G. M. Alam

TITLE
Independent Director
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (BDT) Value (BDT)
X
Management checks
We assess Prime Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prime Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Prime Bank Limited, together with its subsidiaries, provides various commercial banking products and services in Bangladesh and internationally. The company offers deposit products, such as savings, current, resident foreign currency deposit, business, and special notice deposit, accounts; various deposit schemes and rates, and term deposits; and fixed deposit receipt. Its loan products include home, car, personal, collateral free, capital, working capital, seasonal, women entrepreneurs’, crop, non-crop, and other agri-purpose loans, as well as retail secured EMI loan products; and working capital, capital machinery, real estate, work order, import and trade, export, project, structured, and lease financing. The company also provides credit and debit cards; locker, Internet and SMS banking, premium and phone banking, cash management, financing, and treasury services; and Islamic banking services, such as deposits, investments, and foreign trade products. In addition, it offers NRB banking services consisting of accounts, exchange houses, wire transfer facilities, bonds, and remittance and funds transfer services; offshore banking services; and foreign remittance, FOREX and fund management, money market, primary dealer, ATM, fixed income, and asset liability management services. Further, it provides merchant banking services, including issue management, portfolio management, underwriting, corporate advisory services, etc.; stock broker/dealer services in relation to shares and securities dealings; remittance services; money lending; negotiating/discounting of documents; and advisory services for documentary credits. It operates 146 branches comprising 18 SME centers/branches and 2 booths; 5 Islamic banking branches; and 3 off-shore banking units. Prime Bank Limited was founded in 1995 and is headquartered in Dhaka, Bangladesh.

Details
Name: Prime Bank Limited
PRIMEBANK
Exchange: DSE
Founded: 1995
BDT16,531,338,764
1,132,283,477
Website: http://www.primebank.com.bd
Address: Prime Bank Limited
Adamjee Court Annex Building-2,
119-120, Motijheel C/A,
Dhaka,
1000,
Bangladesh
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSE PRIMEBANK Ordinary Shares Dhaka Stock Exchange Ltd. BD BDT 03. Jul 2000
Number of employees
Current staff
Staff numbers
0
Prime Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:07
End of day share price update: 2020/03/25 00:00
Last estimates confirmation: 2020/01/13
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.