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Silkbank

KASE:SILK
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SILK
KASE
PKR6B
Market Cap
  1. Home
  2. PK
  3. Banks
Company description

Silkbank Limited provides retail, consumer, corporate, and Islamic banking products and services in Pakistan. The last earnings update was 224 days ago. More info.


Add to Portfolio Compare Print
  • Silkbank has significant price volatility in the past 3 months.
SILK Share Price and Events
7 Day Returns
9.4%
KASE:SILK
9.7%
PK Banks
9.2%
PK Market
1 Year Returns
-26.3%
KASE:SILK
-19.6%
PK Banks
-23.3%
PK Market
SILK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silkbank (SILK) 9.4% -10.3% -21.3% -26.3% -56% -60.7%
PK Banks 9.7% -23.1% -29.1% -19.6% -36.6% -24.7%
PK Market 9.2% -17.8% -26.1% -23.3% -42.1% -23.4%
1 Year Return vs Industry and Market
  • SILK underperformed the Banks industry which returned -19.6% over the past year.
  • SILK underperformed the Market in Pakistan which returned -23.3% over the past year.
Price Volatility
SILK
Industry
5yr Volatility vs Market

Value

 Is Silkbank 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
  • It is not possible to calculate the future cash flow value for Silkbank. This is due to cash flow or dividend data being unavailable. The share price is PKR0.7.
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 Silkbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silkbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KASE:SILK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in PKR PKR0.08
KASE:SILK Share Price ** KASE (2020-04-06) in PKR PKR0.7
Pakistan Banks Industry PE Ratio Median Figure of 18 Publicly-Listed Banks Companies 5.67x
Pakistan Market PE Ratio Median Figure of 276 Publicly-Listed Companies 7.31x

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

** Primary Listing of Silkbank.

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

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

= 0.7 ÷ 0.08

9.07x

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

  • Silkbank is overvalued based on earnings compared to the PK Banks industry average.
  • Silkbank is overvalued based on earnings compared to the Pakistan market.
Price based on expected Growth
Does Silkbank's expected growth come at a high price?
Raw Data
KASE:SILK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Pakistan Banks Industry PEG Ratio Median Figure of 5 Publicly-Listed Banks Companies 0.4x
Pakistan Market PEG Ratio Median Figure of 27 Publicly-Listed Companies 0.44x

*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 Silkbank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Silkbank's assets?
Raw Data
KASE:SILK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in PKR PKR1.60
KASE:SILK Share Price * KASE (2020-04-06) in PKR PKR0.7
Pakistan Banks Industry PB Ratio Median Figure of 19 Publicly-Listed Banks Companies 0.69x
Pakistan Market PB Ratio Median Figure of 387 Publicly-Listed Companies 0.56x
KASE:SILK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.7 ÷ 1.60

0.44x

* Primary Listing of Silkbank.

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

  • Silkbank is good value based on assets compared to the PK Banks industry average.
X
Value checks
We assess Silkbank'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. Silkbank 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 Silkbank 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 Silkbank 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
18.7%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silkbank expected to grow at an attractive rate?
  • Unable to compare Silkbank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Silkbank's earnings growth to the Pakistan market average as no estimate data is available.
  • Unable to compare Silkbank's revenue growth to the Pakistan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KASE:SILK Future Growth Rates Data Sources
Data Point Source Value (per year)
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 14.8%
Pakistan Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:SILK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PKR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KASE:SILK Future Estimates Data
Date (Data in PKR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
KASE:SILK Past Financials Data
Date (Data in PKR Millions) Revenue Cash Flow Net Income *
2019-06-30 8,584 -36,246 701
2019-03-31 8,851 -15,708 1,139
2018-12-31 8,754 -39,688 1,330
2018-09-30 8,759 -10,700 1,620
2018-06-30 8,657 -23,233 1,403
2018-03-31 8,312 -20,268 1,259
2017-12-31 7,911 -28,077 1,135
2017-09-30 8,087 -33,580 984
2017-06-30 7,481 -39,211 872
2017-03-31 6,859 -34,211 673
2016-12-31 6,611 -640 739
2016-09-30 4,488 -9,654 -1,141

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Silkbank is high growth as no earnings estimate data is available.
  • Unable to determine if Silkbank 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
KASE:SILK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Silkbank Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KASE:SILK Future Estimates Data
Date (Data in PKR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
KASE:SILK Past Financials Data
Date (Data in PKR Millions) EPS *
2019-06-30 0.08
2019-03-31 0.13
2018-12-31 0.15
2018-09-30 0.18
2018-06-30 0.16
2018-03-31 0.13
2017-12-31 0.13
2017-09-30 0.12
2017-06-30 0.11
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 -0.17

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

Next steps:

  1. Examine Silkbank'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. Silkbank'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 Silkbank'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.
Silkbank 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 Silkbank performed over the past 5 years?

  • Silkbank's last earnings update was 224 days ago.
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 Silkbank'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.
  • Silkbank has delivered over 20% year on year earnings growth in the past 5 years.
  • Silkbank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Silkbank's 1-year earnings growth is negative, it can't be compared to the PK Banks industry average.
Earnings and Revenue History
Silkbank'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 Silkbank Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KASE:SILK Past Revenue, Cash Flow and Net Income Data
Date (Data in PKR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 8,584.38 700.85 327.44
2019-03-31 8,850.64 1,138.70 322.21
2018-12-31 8,754.29 1,329.93 306.57
2018-09-30 8,759.25 1,619.67 -2,541.52
2018-06-30 8,657.45 1,402.94 -2,466.83
2018-03-31 8,312.24 1,259.48 -1,060.92
2017-12-31 7,910.55 1,135.29 340.78
2017-09-30 8,086.59 984.23 5,933.61
2017-06-30 7,481.38 871.52 5,601.34
2017-03-31 6,859.26 672.58 5,380.05
2016-12-31 6,610.82 738.55 5,241.41
2016-09-30 4,488.23 -1,140.88 5,005.71
2016-06-30 4,327.28 -1,270.68 5,056.35
2016-03-31 4,373.84 -1,559.67 5,107.58
2015-12-31 4,269.58 -1,711.61 4,970.35
2015-09-30 5,424.69 -79.91 4,938.94
2015-06-30 5,233.92 -81.40 4,772.19
2015-03-31 4,973.86 69.89 4,578.57
2014-12-31 4,812.87 86.86 4,450.90
2014-09-30 4,159.87 -430.93 4,357.62
2014-06-30 3,620.08 -719.46 4,253.88
2014-03-31 3,278.86 -870.30 4,224.46
2013-12-31 2,850.86 -1,156.56 4,192.81
2013-09-30 2,944.78 -905.69 4,162.93
2013-06-30 2,816.95 -827.49 4,106.03

*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.
  • Silkbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Silkbank used its assets less efficiently than the PK Banks industry average last year based on Return on Assets.
  • Unable to establish if Silkbank 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 Silkbank'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.
Silkbank has a total score of 1/6, 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 Silkbank'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 Silkbank'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 Silkbank Company Filings, last reported 9 months ago.

KASE:SILK Past Debt and Equity Data
Date (Data in PKR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 14,557.35 6,548.58 22,221.97
2019-03-31 14,523.36 13,698.23 10,100.58
2018-12-31 14,386.75 20,081.55 15,637.32
2018-09-30 14,326.00 19,494.01 14,076.91
2018-06-30 13,891.37 17,883.23 20,066.02
2018-03-31 13,409.64 25,480.23 15,751.52
2017-12-31 13,181.35 37,657.45 11,285.75
2017-09-30 12,723.99 37,574.46 19,232.97
2017-06-30 12,518.14 26,890.01 18,199.37
2017-03-31 12,263.97 7,112.50 7,669.85
2016-12-31 12,054.59 30,270.51 2,802.03
2016-09-30 11,835.73 33,852.68 7,460.29
2016-06-30 11,642.27 43,129.23 11,848.39
2016-03-31 11,480.33 37,766.81 6,646.37
2015-12-31 14,576.66 33,275.72 8,563.16
2015-09-30 9,508.13 23,020.29 8,834.58
2015-06-30 8,386.19 23,268.37 10,715.65
2015-03-31 8,580.42 20,534.06 10,089.34
2014-12-31 8,500.83 21,886.26 4,692.43
2014-09-30 6,324.43 12,069.29 7,384.09
2014-06-30 6,366.38 7,941.95 8,447.14
2014-03-31 6,773.83 11,303.74 6,935.77
2013-12-31 6,675.19 11,580.48 4,534.07
2013-09-30 6,930.64 9,131.59 5,859.38
2013-06-30 7,280.22 11,242.70 5,403.67
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.
  • Silkbank has an acceptable proportion of non-loan assets held.
  • Silkbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Silkbank are broadly funded by customer deposits.
  • Silkbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Silkbank has a low allowance for bad loans.
  • Silkbank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Silkbank'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. Silkbank 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 Silkbank'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
0%
Current annual income from Silkbank dividends.
If you bought PKR2,000 of Silkbank shares you are expected to receive PKR0 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?
  • Unable to evaluate Silkbank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Silkbank's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SILK 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
Pakistan Banks Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 10.2%
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 9.5%

Industry and Market average data is calculated daily.

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

KASE:SILK Future Dividends Estimate Data
Date (Data in PKR) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Silkbank has not reported any payouts.
  • Unable to verify if Silkbank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Silkbank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Silkbank has not reported any payouts.
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 Silkbank'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 Silkbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silkbank has a total score of 0/6, 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 Silkbank'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
Azmat Shahzad Tarin
TENURE AS CEO 11.5 years
CEO Bio

Mr. Azmat Shahzad Ahmed Tarin has been the Chief Executive Officer and President of Silk Bank Limited (Alternate Name: Saudi Pak Commercial Bank Limited) since October 2008. Mr. Tarin serves as a Director of Silk Bank Limited since March 22, 2019. Mr. Tarin holds an MBA in Management Sciences from Pepperdine University Los Angeles, California, USA.

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

Average tenure of the Silkbank management team in years:

2.8
Average Tenure
  • The tenure for the Silkbank management team is about average.
Management Team

Azmat Shahzad Tarin

TITLE
President
TENURE
11.5 yrs

Khurram Khan

TITLE
Acting CFO & CFO of Conventional Banking
TENURE
0.9 yrs

Goharulayn Afzal

TITLE
Chief Operating Officer

Shuja Alvi

TITLE
Head of Investment Banking

Uzman Chaudhary

TITLE
Group Head Compliance & Legal
TENURE
3.4 yrs

Syed Kaleem Riaz

TITLE
Head of Human Resources
TENURE
2.3 yrs

Talha Ahmed

TITLE
Group Head of Wholesale Banking & SME and Executive Director

Muhammad Pal

TITLE
Chief Risk Officer

Raza Ali

TITLE
Chief Manager of Islamabad Region

Javed Edhi

TITLE
Group Head of IT & Digital Banking
Board of Directors Tenure

Average tenure of the Silkbank board of directors in years:

4.3
Average Tenure
  • The tenure for the Silkbank board of directors is about average.
Board of Directors

Khalid Mirza

TITLE
Acting Chairman
COMPENSATION
PKR5M

Azmat Shahzad Tarin

TITLE
President
TENURE
1.1 yrs

Talha Ahmed

TITLE
Group Head of Wholesale Banking & SME and Executive Director
TENURE
5 yrs

Tariq Khan

TITLE
Independent Director
COMPENSATION
PKR7M
TENURE
9.3 yrs

Shahzad Murad

TITLE
Independent Director
COMPENSATION
PKR7M
TENURE
2.6 yrs

Masroor Qureshi

TITLE
Director
TENURE
0.4 yrs

Zubair Chattha

TITLE
Director
TENURE
4.3 yrs

Rashid Chughtai

TITLE
Independent Director
COMPENSATION
PKR5M
TENURE
12.7 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 (PKR) Value (PKR)
X
Management checks
We assess Silkbank'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. Silkbank 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

Silkbank Limited provides retail, consumer, corporate, and Islamic banking products and services in Pakistan. The company accepts deposit products, such as current accounts, foreign currency accounts, savings accounts, and term deposits; and offers loan products comprising consumer and SME loans. It also provides corporate banking services, including working capital finance, pre and post shipment export financing, import financing, and receivable discounting, as well as trade services comprising letters of credit, letters of guarantee, standby letters of credit, etc. In addition, the company offers investment banking services, such as long term and short-term debt advisory services; the placement of debt/equity issues to banks and non-bank participants; and other advisory services consisting of debt syndications, private equity, transactions, mergers and acquisitions, restructurings, and buy/sell-side advisory. Further, it provides treasury services, including fixed income trading, forex market, and money market services; cash management services, such as payments, collections, and accounts services; and customized services to middle market customers. Additionally, the company offers various insurance products; debit and credit cards; and funds transfer, and utility bills payment services, as well as Internet, phone, and mobile banking services. It operates 123 branches, including 10 Islamic banking branches located in 39 cities of Pakistan. The company was formerly known as Saudi Pak Commercial Bank Limited and changed its name to Silk bank Limited in June 2009. Silkbank Limited was incorporated in 1994 and is headquartered in Karachi, Pakistan.

Details
Name: Silkbank Limited
SILK
Exchange: KASE
Founded: 1994
PKR6,357,302,865
9,081,861,237
Website: http://www.silkbank.com.pk
Address: Silkbank Limited
Centrepoint,
20th-22nd Floors,
Karachi,
74900,
Pakistan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KASE SILK Ordinary Shares Pakistan Stock Exchange Limited PK PKR 05. Aug 1996
Number of employees
Current staff
Staff numbers
1,428
Silkbank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 14:41
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2018/12/13
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
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.