Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Bank of Punjab

KASE:BOP
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOP
KASE
PKR22B
Market Cap
  1. Home
  2. PK
  3. Banks
Company description

The Bank of Punjab provides commercial banking and related services. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Bank of Punjab has significant price volatility in the past 3 months.
BOP Share Price and Events
7 Day Returns
9.1%
KASE:BOP
11.1%
PK Banks
9.6%
PK Market
1 Year Returns
-36.2%
KASE:BOP
-17.9%
PK Banks
-23.5%
PK Market
BOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Punjab (BOP) 9.1% -29.8% -30.4% -36.2% -39.9% -0.4%
PK Banks 11.1% -24.3% -27.3% -17.9% -34.6% -23.5%
PK Market 9.6% -17.9% -26% -23.5% -41.1% -22.6%
1 Year Return vs Industry and Market
  • BOP underperformed the Banks industry which returned -17.9% over the past year.
  • BOP underperformed the Market in Pakistan which returned -23.5% over the past year.
Price Volatility
BOP
Industry
5yr Volatility vs Market

BOP Value

 Is Bank of Punjab 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 Bank of Punjab 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 Bank of Punjab.

KASE:BOP 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
= PKR14.20 * 13.8%
PKR1.97
Book Value of Equity per Share Median Book Value from the past 5 years. PKR14.20
Discount Rate (Cost of Equity) See below 33.6%
Perpetual Growth Rate 10-Year PK Government Bond Rate 11.4%

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 KASE:BOP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PK Govt Bond Rate 11.4%
Equity Risk Premium S&P Global 13.7%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.484 (1 + (1- 30%) (426.52%))
1.622
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 11.38% + (1.622 * 13.68%)
33.57%

Discounted Cash Flow Calculation for KASE:BOP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Punjab 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.

KASE:BOP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.8% – 33.57%) * PKR14.20)
PKR-2.80
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PKR-2.80 / (33.57% - 11.38%)
PKR-12.63
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PKR14.20 + PKR-12.63
PKR1.58
KASE:BOP Discount to Share Price
Calculation Result
Value per share (PKR) From above. PKR1.58
Current discount Discount to share price of PKR8.25
= -1 x (PKR8.25 - PKR1.58) / PKR1.58
-423.4%

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

  • The current share price of Bank of Punjab 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 Bank of Punjab's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Punjab's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KASE:BOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in PKR PKR3.09
KASE:BOP Share Price ** KASE (2020-04-03) in PKR PKR8.25
Pakistan Banks Industry PE Ratio Median Figure of 18 Publicly-Listed Banks Companies 5.59x
Pakistan Market PE Ratio Median Figure of 275 Publicly-Listed Companies 7.33x

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

** Primary Listing of Bank of Punjab.

KASE:BOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KASE:BOP Share Price ÷ EPS (both in PKR)

= 8.25 ÷ 3.09

2.67x

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

  • Bank of Punjab is good value based on earnings compared to the PK Banks industry average.
  • Bank of Punjab is good value based on earnings compared to the Pakistan market.
Price based on expected Growth
Does Bank of Punjab's expected growth come at a high price?
Raw Data
KASE:BOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Pakistan Banks Industry PEG Ratio Median Figure of 5 Publicly-Listed Banks Companies 0.42x
Pakistan Market PEG Ratio Median Figure of 27 Publicly-Listed Companies 0.43x

*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 Bank of Punjab, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Punjab's assets?
Raw Data
KASE:BOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in PKR PKR17.56
KASE:BOP Share Price * KASE (2020-04-03) in PKR PKR8.25
Pakistan Banks Industry PB Ratio Median Figure of 19 Publicly-Listed Banks Companies 0.72x
Pakistan Market PB Ratio Median Figure of 386 Publicly-Listed Companies 0.59x
KASE:BOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KASE:BOP Share Price ÷ Book Value per Share (both in PKR)

= 8.25 ÷ 17.56

0.47x

* Primary Listing of Bank of Punjab.

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

  • Bank of Punjab is good value based on assets compared to the PK Banks industry average.
X
Value checks
We assess Bank of Punjab'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. Bank of Punjab has a total score of 3/6, 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.

BOP Future Performance

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

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
13.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Bank of Punjab expected to grow at an attractive rate?
  • Unable to compare Bank of Punjab's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bank of Punjab's earnings growth to the Pakistan market average as no estimate data is available.
  • Bank of Punjab's revenue growth is expected to exceed the Pakistan market average.
Annual Growth Rates Comparison
Raw Data
KASE:BOP Future Growth Rates Data Sources
Data Point Source Value (per year)
KASE:BOP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.2%
Pakistan Banks Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
Pakistan Banks Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Pakistan Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Pakistan Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
KASE:BOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in PKR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KASE:BOP Future Estimates Data
Date (Data in PKR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 37,922 1
2020-12-31 33,250 1
2020-04-04
KASE:BOP Past Financials Data
Date (Data in PKR Millions) Revenue Cash Flow Net Income *
2019-12-31 29,089 83,314 8,160
2019-09-30 28,178 121,836 8,139
2019-06-30 26,856 -9,652 7,657
2019-03-31 26,352 -27,872 7,539
2018-12-31 25,006 -71,205 7,537
2018-09-30 10,519 -90,134 -1,050
2018-06-30 8,632 -68,537 -1,728
2018-03-31 6,380 -96,573 -3,003
2017-12-31 5,288 -58,993 -3,384
2017-09-30 17,389 -70,261 4,041
2017-06-30 17,257 -51,309 4,237
2017-03-31 17,281 -37,913 4,921

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bank of Punjab is high growth as no earnings estimate data is available.
  • Bank of Punjab's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
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
KASE:BOP 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 3 Analyst Estimates (S&P Global) See Below

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

KASE:BOP Future Estimates Data
Date (Data in PKR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-04
KASE:BOP Past Financials Data
Date (Data in PKR Millions) EPS *
2019-12-31 3.09
2019-09-30 3.08
2019-06-30 2.90
2019-03-31 2.85
2018-12-31 2.85
2018-09-30 -0.37
2018-06-30 -0.67
2018-03-31 -1.29
2017-12-31 -1.65
2017-09-30 2.60
2017-06-30 2.72
2017-03-31 3.16

*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.
  • Bank of Punjab is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank of Punjab'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 Pakistan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Pakistan 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.
Bank of Punjab has a total score of 1/6, 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.

BOP Past Performance

  How has Bank of Punjab 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 Bank of Punjab'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.
  • Bank of Punjab's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Punjab's 1-year earnings growth exceeds its 5-year average (8.3% vs 6.8%)
  • Bank of Punjab's earnings growth has not exceeded the PK Banks industry average in the past year (8.3% vs 18.5%).
Earnings and Revenue History
Bank of Punjab'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 Bank of Punjab Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KASE:BOP Past Revenue, Cash Flow and Net Income Data
Date (Data in PKR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 29,088.52 8,160.27 388.89
2019-09-30 28,178.29 8,139.34 96.78
2019-06-30 26,856.09 7,656.79 107.60
2019-03-31 26,352.47 7,539.02 131.63
2018-12-31 25,006.29 7,537.30 140.87
2018-09-30 10,518.80 -1,049.77 -7,254.34
2018-06-30 8,631.89 -1,728.27 -4,690.26
2018-03-31 6,380.22 -3,002.53 -2,123.57
2017-12-31 5,287.91 -3,383.81 118.28
2017-09-30 17,389.06 4,040.87 9,453.40
2017-06-30 17,257.21 4,237.05 9,006.07
2017-03-31 17,281.16 4,921.00 8,538.88
2016-12-31 16,437.65 4,820.99 8,216.40
2016-09-30 15,952.10 4,999.73 8,034.96
2016-06-30 15,354.40 4,751.09 7,807.93
2016-03-31 15,236.93 4,866.15 7,462.15
2015-12-31 15,170.61 4,717.80 7,231.78
2015-09-30 13,981.85 4,438.90 6,983.59
2015-06-30 13,319.83 4,203.05 6,664.67
2015-03-31 12,325.70 3,700.91 6,443.51
2014-12-31 10,613.98 2,841.54 6,083.44
2014-09-30 10,115.94 2,668.68 5,772.81
2014-06-30 9,250.07 2,299.14 5,484.74
2014-03-31 8,624.49 2,048.66 5,251.87
2013-12-31 8,262.80 1,914.72 5,093.17
2013-09-30 7,778.49 2,412.12 4,946.77
2013-06-30 7,478.91 2,338.65 4,765.74

*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.
  • Bank of Punjab has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Punjab used its assets more efficiently than the PK Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Punjab 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 Bank of Punjab'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.
Bank of Punjab 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.

BOP Health

 How is Bank of Punjab'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 Bank of Punjab'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 Bank of Punjab Company Filings, last reported 3 months ago.

KASE:BOP Past Debt and Equity Data
Date (Data in PKR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 46,866.81 86,308.70 50,230.83
2019-09-30 42,729.95 123,355.72 38,905.08
2019-06-30 39,139.05 58,694.23 67,874.09
2019-03-31 37,846.50 38,684.78 40,798.86
2018-12-31 37,875.74 50,598.38 59,043.76
2018-09-30 35,271.70 38,335.97 77,189.27
2018-06-30 33,651.51 42,433.89 82,466.42
2018-03-31 31,696.91 33,456.99 77,107.93
2017-12-31 29,839.88 43,448.36 71,659.04
2017-09-30 36,047.47 52,699.48 52,205.84
2017-06-30 29,975.14 47,930.71 55,326.78
2017-03-31 29,502.07 42,547.45 62,523.42
2016-12-31 27,967.99 44,329.13 48,909.31
2016-09-30 27,113.69 59,833.49 40,348.02
2016-06-30 26,256.27 13,538.48 40,260.62
2016-03-31 24,862.59 30,147.06 27,684.17
2015-12-31 22,677.76 57,236.43 19,073.99
2015-09-30 22,947.85 60,998.37 23,102.20
2015-06-30 21,967.60 17,298.91 31,901.35
2015-03-31 21,838.05 60,960.36 24,158.49
2014-12-31 19,356.65 46,742.62 18,858.94
2014-09-30 15,262.93 13,946.78 24,801.33
2014-06-30 14,753.99 15,770.64 27,719.85
2014-03-31 14,125.63 38,021.65 24,411.19
2013-12-31 13,457.16 22,802.48 25,801.76
2013-09-30 12,773.24 15,313.65 24,118.65
2013-06-30 13,292.83 6,803.92 54,605.63
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.
  • Bank of Punjab has an acceptable proportion of non-loan assets held.
  • Bank of Punjab's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Punjab are broadly funded by customer deposits.
  • Bank of Punjab's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Punjab has a low allowance for bad loans.
  • Bank of Punjab has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank of Punjab'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. Bank of Punjab 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.

BOP Dividends

 What is Bank of Punjab'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
9.09%
Current annual income from Bank of Punjab dividends. Estimated to be 15.15% next year.
If you bought PKR2,000 of Bank of Punjab shares you are expected to receive PKR182 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?
  • Bank of Punjab's pays a higher dividend yield than the bottom 25% of dividend payers in Pakistan (2.67%).
  • Bank of Punjab's dividend is below the markets top 25% of dividend payers in Pakistan (9.2%).
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
KASE:BOP 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 3 Analyst Estimates (S&P Global) See Below
Pakistan Banks Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 9.9%
Pakistan Market Average Dividend Yield Market Cap Weighted Average of 214 Stocks 7.4%
Pakistan Minimum Threshold Dividend Yield 10th Percentile 1.5%
Pakistan Bottom 25% Dividend Yield 25th Percentile 2.7%
Pakistan Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

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

KASE:BOP Future Dividends Estimate Data
Date (Data in PKR) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.50 1.00
2020-12-31 1.00 1.00
2020-04-04
KASE:BOP Past Annualized Dividends Data
Date (Data in PKR) Dividend per share (annual) Avg. Yield (%)
2020-03-10 0.750 9.108
2020-02-28 0.750 6.500
2019-03-08 0.750 7.204
2019-03-04 0.750 5.402

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

  • It is too early to tell whether Bank of Punjab has stable dividend payments.
  • Bank of Punjab only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Bank of Punjab's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Bank of Punjab's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Bank of Punjab afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Punjab has a total score of 3/6, see the detailed checks below.


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

BOP Management

 What is the CEO of Bank of Punjab'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
Ijaz Ur Qureshi
TENURE AS CEO 0.1 years
CEO Bio

Mr. Ijaz ur Rehman Qureshi has been a Director at Bank of Punjab since March 2020 and its Acting Chief Executive Officer since 2020. He has been the Acting President at Bank of Punjab since March 5, 2020 and served as its Senior Executive Vice President and Global Head of Operations until 2020. Mr. Qureshi served as the Chief Risk Officer at The Bank of Punjab and served as its Group Head of Audit & RAR. He has been a Non-Executive Director of Punjab Modaraba Services (Pvt.) Ltd., Management Company of First Punjab Modaraba since March 29, 2016. He has 23 years of extensive banking experience and prior to his assignment as Group Head Operations, he served on the positions of GH Audit & RAR and Chief Risk Officer of the Bank of Punjab. He has vast experience of revamping and establishing new functions / departments. He is Chairman Insurance Committee. Prior to joining Bank of Punjab in March 2009, he was employed with MCB Bank in Audit & RAR Group and held various managerial positions, lastly he was heading Operation Audit of the bank. He played key role in transformation and implementation of Risk Based Audit approach and played critical role in smooth transition from traditional auditing practices. He is a fellow member of the Institute of Chartered Accountants of Pakistan, and is a Certified Internal Auditor from IIA, USA.

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

Ijaz Ur Qureshi

TITLE
Acting President
TENURE
0.1 yrs

Nadeem Amir

TITLE
Chief Financial Officer & Group Head Human Resources Division

Imtiaz Sheikh

TITLE
Chief Information Officer

Khalid Munir

TITLE
Head of Compliance & Internal Control

Umer Hayat

TITLE
Head of Legal
TENURE
0.3 yrs

Aalya Mawaz

TITLE
Head of Corporate Communication & QA

Asim Seth

TITLE
Head of Corporate Banking-Central

Umer Sheikh

TITLE
Head of Islamic Banking

Sahibzada Rauf

TITLE
Group Head of SAM & Legal

Arslan Iqbal

TITLE
Chief Risk Officer
Board of Directors Tenure

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

1.5
Average Tenure
  • The average tenure for the Bank of Punjab board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ijaz Ur Qureshi

TITLE
Acting President
TENURE
0.1 yrs

Mufti Zahid

TITLE
Chairman of Shariah Board

Khawaja Saeed

TITLE
Director
COMPENSATION
PKR2M
AGE
39
TENURE
2.3 yrs

Mohammad Khan

TITLE
Non-Executive Director
COMPENSATION
PKR2M

Saeed Anwar

TITLE
Director
COMPENSATION
PKR2M
TENURE
2.3 yrs

Muhammad Saqib

TITLE
Non-Executive Director
COMPENSATION
PKR2M
TENURE
4.1 yrs

Muhammad Abdullah Sumbal

TITLE
Director
COMPENSATION
PKR450K
TENURE
0.7 yrs

Shaharyar Ahmad

TITLE
Director
COMPENSATION
PKR100K
TENURE
0.4 yrs

Ejaz Samadani

TITLE
Member of Shariah Board

Rafey Usmani

TITLE
Resident Member Shariah Board
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 (PKR) Value (PKR)
X
Management checks
We assess Bank of Punjab'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. Bank of Punjab 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.

BOP News

Simply Wall St News

BOP Company Info

Description

The Bank of Punjab provides commercial banking and related services. The company operates through Corporate Banking, Retail Banking, Retail Finance Lending, Treasury, Islamic, and Others segments. It offers retail banking products comprising current, savings, and term deposit accounts; retail finance products, including car leases, caravan fleet financing, and house finance schemes, as well as finance for the purchase of solar power; bancassurance and agriculture finance products; and products for small and medium enterprises. It also provides project finance; debt syndications and consortium financing; corporate finance; long term/demand finance; working capital finance; letter of credit, contracts, and export collection services; FE loans, and pre and post shipment export financing; import financing; bills discounting; letter of guarantees; and cash management services, etc. to commercial and corporate clients. In addition, the company offers real estate, export, transport, trade, and dairy finance; investment banking; and treasury services, including fixed income, equity, foreign exchange, commodities, credit, funding, own position securities, lending and repos, and brokerage debt services. Further, it provides agriculture finance products comprising production loan, tractor lease, finance leasing, cold storage finance facility, and green house finance products; livestock development schemes; Islamic banking services; clearing/collection, locker, and trade; and online and mobile banking services, as well as debit cards. It operates through a network of 624 branches, including 17 sub-branches and 100 Islamic banking branches, and 557 ATMs in Pakistan and Azad Jammu and Kashmir. The Bank of Punjab was founded in 1989 and is headquartered in Lahore, Pakistan.

Details
Name: The Bank of Punjab
BOP
Exchange: KASE
Founded: 1989
PKR21,810,462,135
2,643,692,380
Website: http://www.bop.com.pk
Address: The Bank of Punjab
BOP Tower,
10-B, Block E-II,
Lahore,
54600,
Pakistan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KASE BOP Ordinary Shares Pakistan Stock Exchange Limited PK PKR 11. Jan 1993
Number of employees
Current staff
Staff numbers
6,649
Bank of Punjab employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:16
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/26
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.