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IDLC Finance

DSE:IDLC
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IDLC
DSE
BDT16B
Market Cap
  1. Home
  2. BD
  3. Diversified Financials
Company description

IDLC Finance Limited operates as a financial institution in Bangladesh. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
IDLC Share Price and Events
7 Day Returns
0%
DSE:IDLC
0%
BD Consumer Finance
0%
BD Market
1 Year Returns
-33.3%
DSE:IDLC
-27.2%
BD Consumer Finance
-25.3%
BD Market
IDLC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IDLC Finance (IDLC) 0% -8.7% -0.5% -33.3% -44.1% -12.9%
BD Consumer Finance - -2.8% -3.5% -27.2% -31.1% -9%
BD Market 0% -0.9% -4.3% -25.3% -24.6% -8.1%
1 Year Return vs Industry and Market
  • IDLC underperformed the Consumer Finance industry which returned -27.2% over the past year.
  • IDLC underperformed the Market in Bangladesh which returned -25.3% over the past year.
Price Volatility
IDLC
Industry
5yr Volatility vs Market

Value

 Is IDLC Finance 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 IDLC Finance 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 IDLC Finance.

DSE:IDLC 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
= BDT34.15 * 17.2%
BDT5.88
Book Value of Equity per Share Median Book Value from the past 5 years. BDT34.15
Discount Rate (Cost of Equity) See below 17.5%
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:IDLC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BD Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 10%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.676 (1 + (1- 25%) (96.39%))
1.403
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.403 * 10%)
17.46%

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

The calculations below outline how an intrinsic value for IDLC Finance 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:IDLC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.2% – 17.46%) * BDT34.15)
BDT-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= BDT-0.08 / (17.46% - 3.43%)
BDT-0.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= BDT34.15 + BDT-0.56
BDT33.59
DSE:IDLC Discount to Share Price
Calculation Result
Value per share (BDT) From above. BDT33.59
Current discount Discount to share price of BDT41.90
= -1 x (BDT41.90 - BDT33.59) / BDT33.59
-24.7%

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

  • The current share price of IDLC Finance 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 IDLC Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IDLC Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DSE:IDLC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in BDT BDT4.51
DSE:IDLC Share Price ** DSE (2020-03-25) in BDT BDT41.9
Bangladesh Consumer Finance Industry PE Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 9.59x
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 IDLC Finance.

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

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

= 41.9 ÷ 4.51

9.29x

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

  • IDLC Finance is good value based on earnings compared to the BD Consumer Finance industry average.
  • IDLC Finance is good value based on earnings compared to the Bangladesh market.
Price based on expected Growth
Does IDLC Finance's expected growth come at a high price?
Raw Data
DSE:IDLC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 29 Publicly-Listed Consumer Finance Companies 0.57x
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 IDLC Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IDLC Finance's assets?
Raw Data
DSE:IDLC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in BDT BDT37.18
DSE:IDLC Share Price * DSE (2020-03-25) in BDT BDT41.9
Bangladesh Consumer Finance Industry PB Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 1.05x
Bangladesh Market PB Ratio Median Figure of 263 Publicly-Listed Companies 0.95x
DSE:IDLC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 41.9 ÷ 37.18

1.13x

* Primary Listing of IDLC Finance.

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

  • IDLC Finance is overvalued based on assets compared to the BD Consumer Finance industry average.
X
Value checks
We assess IDLC Finance'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. IDLC Finance has a total score of 2/6, 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 IDLC Finance 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 IDLC Finance 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
17.2%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IDLC Finance expected to grow at an attractive rate?
  • Unable to compare IDLC Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare IDLC Finance's earnings growth to the Bangladesh market average as no estimate data is available.
  • Unable to compare IDLC Finance's revenue growth to the Bangladesh market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DSE:IDLC Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 17.2%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 18.7%
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:IDLC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:IDLC Future Estimates Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-09
DSE:IDLC Past Financials Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income *
2019-12-31 5,036 -3,438 1,700
2019-09-30 4,939 -5,224 1,657
2019-06-30 5,375 2,076 2,111
2019-03-31 5,338 4,072 2,179
2018-12-31 5,510 4,167 2,171
2018-09-30 5,551 8,950 2,290
2018-06-30 5,722 9,678 2,219
2018-03-31 5,785 2,511 2,226
2017-12-31 5,900 7,449 2,277
2017-09-30 5,819 9,679 2,246
2017-06-30 5,347 1,982 2,067
2017-03-31 5,105 3,309 2,021

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if IDLC Finance is high growth as no earnings estimate data is available.
  • Unable to determine if IDLC Finance 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:IDLC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from IDLC Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:IDLC Future Estimates Data
Date (Data in BDT Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-09
DSE:IDLC Past Financials Data
Date (Data in BDT Millions) EPS *
2019-12-31 4.51
2019-09-30 4.39
2019-06-30 5.59
2019-03-31 5.78
2018-12-31 5.76
2018-09-30 6.07
2018-06-30 5.92
2018-03-31 5.88
2017-12-31 6.13
2017-09-30 5.44
2017-06-30 5.40
2017-03-31 5.80

*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 IDLC Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. IDLC Finance is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
  2. IDLC Finance'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 Diversified Financials 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 IDLC Finance'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 Asia 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.
IDLC Finance 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 IDLC Finance 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 IDLC Finance's growth in the last year to its industry (Consumer Finance).
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.
  • IDLC Finance's year on year earnings growth rate has been positive over the past 5 years.
  • IDLC Finance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IDLC Finance's 1-year earnings growth is negative, it can't be compared to the BD Consumer Finance industry average.
Earnings and Revenue History
IDLC Finance'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 IDLC Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:IDLC Past Revenue, Cash Flow and Net Income Data
Date (Data in BDT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,036.13 1,699.92 1,634.29
2019-09-30 4,939.11 1,657.02 1,813.16
2019-06-30 5,375.15 2,110.82 1,761.13
2019-03-31 5,337.79 2,178.82 1,681.75
2018-12-31 5,509.95 2,171.00 1,644.64
2018-09-30 5,551.34 2,289.86 1,607.10
2018-06-30 5,721.85 2,219.46 1,620.76
2018-03-31 5,784.67 2,226.29 1,630.69
2017-12-31 5,900.42 2,277.12 1,639.92
2017-09-30 5,818.98 2,246.49 1,569.40
2017-06-30 5,346.62 2,067.24 1,511.61
2017-03-31 5,104.75 2,021.15 1,458.59
2016-12-31 4,718.92 1,780.30 1,341.27
2016-09-30 4,565.67 1,650.98 1,279.84
2016-06-30 4,446.32 1,523.75 1,241.12
2016-03-31 4,368.12 1,672.65 1,129.89
2015-12-31 4,118.84 1,459.22 1,099.09
2015-09-30 4,119.90 1,662.24 1,131.00
2015-06-30 4,010.45 1,756.63 1,071.01
2015-03-31 3,876.90 1,437.62 1,046.98
2014-12-31 3,579.12 1,245.51 966.84
2014-09-30 3,275.37 1,041.85 885.70
2014-06-30 2,990.00 775.45 824.31
2014-03-31 2,529.40 521.86 788.41
2013-12-31 2,492.20 669.47 752.42
2013-09-30 2,272.78 513.70 742.10
2013-06-30 2,116.10 523.97 740.84

*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.
  • IDLC Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IDLC Finance used its assets more efficiently than the BD Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if IDLC Finance 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 IDLC Finance'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 Consumer Finance 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.
IDLC Finance has a total score of 2/6, 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 IDLC Finance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IDLC Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IDLC Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IDLC Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IDLC Finance'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.5x debt.
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 IDLC Finance Company Filings, last reported 3 months ago.

DSE:IDLC Past Debt and Equity Data
Date (Data in BDT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,017.57 14,624.54 15,099.98
2019-09-30 13,625.18 15,370.92 20,938.27
2019-06-30 13,368.98 22,378.66 22,238.48
2019-03-31 12,876.08 11,158.77 14,287.76
2018-12-31 13,637.33 12,995.71 16,235.61
2018-09-30 13,287.84 15,618.68 22,383.47
2018-06-30 12,577.84 15,023.28 17,994.61
2018-03-31 12,016.94 11,758.61 11,524.90
2017-12-31 12,597.48 12,551.25 14,727.89
2017-09-30 12,129.13 13,456.80 17,793.19
2017-06-30 11,489.53 15,099.85 12,456.70
2017-03-31 10,921.80 13,775.19 14,036.10
2016-12-31 8,937.84 13,114.39 11,353.34
2016-09-30 8,500.12 11,569.97 10,660.56
2016-06-30 8,039.77 11,354.88 11,991.21
2016-03-31 7,518.14 12,515.18 11,429.74
2015-12-31 7,785.96 10,938.75 13,435.19
2015-09-30 7,477.56 9,416.04 12,903.24
2015-06-30 7,144.43 10,797.88 10,902.14
2015-03-31 6,473.91 10,510.51 9,607.03
2014-12-31 6,527.83 10,048.43 7,984.95
2014-09-30 6,016.41 10,984.68 8,334.99
2014-06-30 5,588.90 9,654.42 8,035.39
2014-03-31 5,237.38 9,842.78 8,333.00
2013-12-31 5,362.76 9,028.19 7,855.92
2013-09-30 5,055.00 8,110.81 5,410.81
2013-06-30 4,893.88 6,631.00 4,750.43
  • IDLC Finance's level of debt (104.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (154% vs 104.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on IDLC Finance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess IDLC Finance'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. IDLC Finance has a total score of 3/6, 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 IDLC Finance'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
8.35%
Current annual income from IDLC Finance dividends.
If you bought BDT2,000 of IDLC Finance shares you are expected to receive BDT167 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?
  • IDLC Finance's pays a higher dividend yield than the bottom 25% of dividend payers in Bangladesh (1.77%).
  • IDLC Finance'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:IDLC 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
Asia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 2.8%
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:IDLC Future Dividends Estimate Data
Date (Data in BDT) Dividend per Share (annual) Avg. No. Analysts
2020-04-09
DSE:IDLC Past Annualized Dividends Data
Date (Data in BDT) Dividend per share (annual) Avg. Yield (%)
2020-02-23 3.500 7.906
2019-02-18 3.500 6.588
2018-02-15 3.000 4.456
2017-02-22 3.000 3.828
2016-03-21 2.500 4.260
2015-02-25 0.800 1.427
2014-03-16 0.320 0.682
2012-10-30 0.000 0.000
2012-08-01 0.000 0.000
2012-05-15 0.000 0.000
2012-02-22 0.000 0.000
2011-02-24 0.835 1.250
2010-08-29 0.119 0.111
2010-03-16 0.119 0.160
2009-07-30 0.149 0.425

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 IDLC Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x 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 IDLC Finance'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 IDLC Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IDLC Finance 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 IDLC Finance'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
Arif Khan
TENURE AS CEO 4.1 years
CEO Bio

Mr. Arif Khan has been the Chief Executive Officer and Managing Director of IDLC Finance Limited since March 1, 2016. Mr. Khan served as the Deputy Managing Director at IDLC Finance Limited and has been its Director March 3, 2016. He started his career with AB Bank Limited as Probationary Officer in 1991. Prior joining IDLC, he was the Commissioner of Bangladesh Securities and Exchange Commission till January 31, 2016. He has around 24 years of experience, out of which around 15 years with IDLC and has experience for brief periods with Institutions like BAT, Beximco Fisheries & Zenith Investments Limited. While leaving IDLC in December 2010, Mr. Khan was the Deputy Managing Director of the Company. He has completed his Masters in Finance & Banking from University of Dhaka. He also completed his MBA, major in finance, from IBA. He is a CFA and also a Fellow member of the Institute of Cost and Management Accountants of Bangladesh (FCMA).

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

Average tenure of the IDLC Finance management team in years:

4.1
Average Tenure
  • The tenure for the IDLC Finance management team is about average.
Management Team

Arif Khan

TITLE
CEO, MD & Director
TENURE
4.1 yrs

Md. Masud Majumder

TITLE
Deputy GM & Group CFO

M. Ataur Chowdhury

TITLE
Deputy GM & Head of Operations
TENURE
8 yrs

Mir Tariquzzaman

TITLE
GM & CTO
TENURE
12.8 yrs

M. Hoque

TITLE
Head of Administration

- Mahbub-ul-Kader

TITLE
Assistant GM and Group Head of Internal Control & Compliance
TENURE
3.2 yrs

Abu Musha

TITLE
Head of Legal

Jane Romel

TITLE
Deputy GM & Group Chief Marketing Officer
TENURE
3.7 yrs

Akhteruddin Mahmood

TITLE
GM & Group Head of Human Resources
TENURE
3.3 yrs

Asif Bin Shams

TITLE
Chief Risk Officer
TENURE
11 yrs
Board of Directors Tenure

Average tenure of the IDLC Finance board of directors in years:

4.1
Average Tenure
  • The tenure for the IDLC Finance board of directors is about average.
Board of Directors

Aziz Al Mahmood

TITLE
Chairman
COMPENSATION
BDT88K
TENURE
4.3 yrs

Arif Khan

TITLE
CEO, MD & Director
TENURE
4.1 yrs

Monower Ahmed

TITLE
Independent Director
COMPENSATION
BDT128K
TENURE
5.9 yrs

Atiqur Rahman

TITLE
Director
COMPENSATION
BDT144K
TENURE
4.4 yrs

Md. Hassan

TITLE
Director
COMPENSATION
BDT120K

Mohammad Rahman

TITLE
Director
COMPENSATION
BDT88K
AGE
46
TENURE
4.1 yrs

Mati Hasan

TITLE
Director
COMPENSATION
BDT136K
AGE
57
TENURE
1.4 yrs

Matiul Nowshad

TITLE
Independent Director
COMPENSATION
BDT64K
TENURE
3.5 yrs

Syed Ahsan

TITLE
Director
COMPENSATION
BDT184K
TENURE
3.3 yrs

Niaz Habib

TITLE
Independent Director
COMPENSATION
BDT96K
TENURE
3.3 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 IDLC Finance'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. IDLC Finance 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

IDLC Finance Limited operates as a financial institution in Bangladesh. The company operates through four segments: Small Medium Enterprise (SME) Financing; Corporate Financing; Consumer Financing Including Home Loans, Car Loans & Personal Loans; and Wealth Management. It offers consumer financing products, such as home, car, and personal loans, as well as deposit products; and small business loans that include SME term loans, loans for women entrepreneurs, revolving short term loans, abashan loans, partially secured loans, seasonal loans, commercial space loans, commercial vehicle loans, and start up loans, as well as supplier finance products, including factoring, distributor finance, and work orders. The company also provides medium business loans that include term loan financing, lease finance, and machinery lease finance. In addition, the company offers corporate finance products, such as working capital loans, bridge loans, preferred stocks, and commercial space loans; and structured finance products that include debt and working capital syndication, agency and trusteeship, zero coupon and coupon bearing bonds, commercial papers, private equity and preference shares, and corporate advisory services. Further, it offers portfolio management, issue management, mutual fund, venture capital, alternative investment funds management, and underwriting services. The company was formerly known an Industrial Development Leasing Company of Bangladesh Limited and changed its name to IDLC Finance Limited in August 2007. IDLC Finance Limited was founded in 1985 and is headquartered in Dhaka, Bangladesh.

Details
Name: IDLC Finance Limited
IDLC
Exchange: DSE
Founded: 1985
BDT15,798,427,682
377,050,780
Website: http://www.idlc.com
Address: IDLC Finance Limited
Bay’s Galleria,
1st Floor,
Dhaka,
1212,
Bangladesh
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSE IDLC Ordinary Shares Dhaka Stock Exchange Ltd. BD BDT 02. Apr 1996
Number of employees
Current staff
Staff numbers
1,304
IDLC Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 15:12
End of day share price update: 2020/03/25 00:00
Last estimates confirmation: 2020/02/25
Last earnings filing: 2020/03/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.