PNB Housing Finance
Market Cap
₹70.1b
Last Updated
2020/02/17 13:12 UTC
Data Sources
Company Financials +
Executive Summary
PNB Housing Finance Limited operates as a housing finance company in India.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with proven track record.
Similar Companies
Share Price & News
How has PNB Housing Finance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540173's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.0%
540173
0.4%
IN Mortgage
-0.4%
IN Market
1 Year Return
-52.7%
540173
17.2%
IN Mortgage
11.1%
IN Market
Return vs Industry: 540173 underperformed the Indian Mortgage industry which returned 17.2% over the past year.
Return vs Market: 540173 underperformed the Indian Market which returned 11.1% over the past year.
Shareholder returns
| 540173 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | 0.4% | -0.4% |
| 30 Day | -21.8% | -1.0% | -1.5% |
| 90 Day | -26.3% | 8.2% | 3.3% |
| 1 Year | -52.2%-52.7% | 18.8%17.2% | 13.0%11.1% |
| 3 Year | -61.8%-62.7% | 44.5%38.5% | 25.3%18.6% |
| 5 Year | n/a | 76.4%64.2% | 35.4%23.1% |
Price Volatility Vs. Market
How volatile is PNB Housing Finance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Is PNB Housing Finance Limited (BOM:540173) Undervalued After Accounting For Its Future Growth?Valuation
Is PNB Housing Finance undervalued compared to its fair value and its price relative to the market?
18.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 540173 (₹414.3) is trading below our estimate of fair value (₹507.94)
Significantly Below Fair Value: 540173 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 540173 is good value based on its PE Ratio (5.5x) compared to the Mortgage industry average (14.8x).
PE vs Market: 540173 is good value based on its PE Ratio (5.5x) compared to the Indian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: 540173 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 540173 is good value based on its PB Ratio (0.9x) compared to the IN Mortgage industry average (1.2x).
Next Steps
Future Growth
How is PNB Housing Finance forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
9.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 540173's forecast earnings growth (9.4% per year) is above the savings rate (6.5%).
Earnings vs Market: 540173's earnings (9.4% per year) are forecast to grow slower than the Indian market (20.5% per year).
High Growth Earnings: 540173's earnings are forecast to grow, but not significantly.
Revenue vs Market: 540173's revenue (2.2% per year) is forecast to grow slower than the Indian market (9% per year).
High Growth Revenue: 540173's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 540173's Return on Equity is forecast to be low in 3 years time (12.8%).
Next Steps
Past Performance
How has PNB Housing Finance performed over the past 5 years?
37.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540173 has high quality earnings.
Growing Profit Margin: 540173's current net profit margins (45.3%) are higher than last year (43%).
Past Earnings Growth Analysis
Earnings Trend: 540173's earnings have grown significantly by 37.1% per year over the past 5 years.
Accelerating Growth: 540173's earnings growth over the past year (20.6%) is below its 5-year average (37.1% per year).
Earnings vs Industry: 540173 earnings growth over the past year (20.6%) exceeded the Mortgage industry 14.9%.
Return on Equity
High ROE: 540173's Return on Equity (15.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is PNB Housing Finance's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 540173 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 540173's debt is covered by short term assets (assets are 1.4x debt).
Financial Institutions Analysis
Asset Level: 540173's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if 540173 has a sufficient allowance for bad loans.
Low Risk Liabilities: 540173 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 540173 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 540173 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 540173 has an appropriate level of bad loans.
Next Steps
Dividend
What is PNB Housing Finance's current dividend yield, its reliability and sustainability?
2.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 540173's dividend (2.17%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 540173's dividend (2.17%) is low compared to the top 25% of dividend payers in the Indian market (2.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 540173 has been paying a dividend for less than 10 years.
Growing Dividend: 540173's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.9%), 540173's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 540173's dividends in 3 years are forecast to be thoroughly covered by earnings (10.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average board tenure
CEO
Sanjaya Gupta (55yo)
9.7yrs
Tenure
₹22,972,261
Compensation
Mr. Sanjaya Gupta has been the Managing Director, Chief Executive Officer and Executive Director of PNB Housing Finance Limited since June 25, 2010. Mr. Gupta is responsible for the day to day administrati ...
CEO Compensation Analysis
Compensation vs Market: Sanjaya's total compensation ($USD321.23K) is about average for companies of similar size in the Indian market ($USD397.73K).
Compensation vs Earnings: Sanjaya's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 9.7yrs | ₹22.97m | 0.11% ₹74.6m | |
| Independent Director | 4.3yrs | ₹2.14m | no data | |
| Independent Director | 5.5yrs | ₹2.39m | no data | |
| Non-Executive Independent Director | 2.8yrs | ₹2.16m | no data | |
| Independent Director | 3.8yrs | ₹2.12m | no data | |
| Independent Director | 2.6yrs | ₹1.53m | no data | |
| Non-Executive Director | 4.9yrs | no data | no data | |
| Independent Director | 3.8yrs | ₹2.20m | no data | |
| Non-Executive Director | 0.2yrs | no data | no data | |
| Independent Director | 0.8yrs | no data | no data |
3.8yrs
Average Tenure
60yo
Average Age
Experienced Board: 540173's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 540173 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PNB Housing Finance Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PNB Housing Finance Limited
- Ticker: 540173
- Exchange: BSE
- Founded: 1988
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: ₹70.109b
- Shares outstanding: 168.19m
- Website: https://www.pnbhousing.com
Number of Employees
Location
- PNB Housing Finance Limited
- Antriksh Bhawan
- 9th Floor
- New Delhi
- Delhi
- 110001
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540173 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 2016 |
| PNBHOUSING | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 2016 |
Biography
PNB Housing Finance Limited operates as a housing finance company in India. The company offers housing loans for the purchase, construction, repair, and renovation of houses/ flats/commercial properties, etc.; loans for commercial spaces; loans against property; loans for purchase of residential plots; loans for purchase, construction, and extension of dwelling units; home loans for nonresident Indians and persons of Indian origin; Unnati home loans; and credit linked subsidy scheme for economical weaker section, and lower and middle income groups. It also provides non home loans, including loans for purchase/construction of commercial properties, residential/commercial immovable property mortgage loans, lease rental discounting loans, and loans for real estate developers. In addition, the company offers fixed deposits. As of March 31, 2019, it operated 102 branches and 23 hubs in 62 cities. The company was founded in 1988 and is headquartered in New Delhi, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 13:12 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.