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ABL

Allied Bank KASE:ABL Stock Report

Last Price

PK₨76.00

Market Cap

PK₨87.0b

7D

-2.6%

1Y

10.5%

Updated

16 May, 2022

Data

Company Financials +
ABL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends3/6

ABL Stock Overview

Allied Bank Limited provides various banking products and services in Pakistan, the Middle East, and China.

Allied Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Allied Bank
Historical stock prices
Current Share PricePK₨76.00
52 Week HighPK₨91.99
52 Week LowPK₨67.50
Beta0.62
1 Month Change-10.59%
3 Month Change-15.49%
1 Year Change10.55%
3 Year Change-27.10%
5 Year Change-22.45%
Change since IPO140.10%

Recent News & Updates

Shareholder Returns

ABLPK BanksPK Market
7D-2.6%-1.9%-1.8%
1Y10.5%-0.7%-12.1%

Return vs Industry: ABL exceeded the PK Banks industry which returned 1% over the past year.

Return vs Market: ABL exceeded the PK Market which returned -9.9% over the past year.

Price Volatility

Is ABL's price volatile compared to industry and market?
ABL volatility
ABL Average Weekly Movement3.1%
Banks Industry Average Movement4.7%
Market Average Movement5.8%
10% most volatile stocks in PK Market8.8%
10% least volatile stocks in PK Market3.6%

Stable Share Price: ABL is less volatile than 75% of PK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ABL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194211,370Aizid Gillhttps://www.abl.com

Allied Bank Limited provides various banking products and services in Pakistan, the Middle East, and China. It operates through Corporate & Investment Banking, Trading and Sales, Commercial & Retail Banking, Islamic Banking, and Others segments. The company offers savings and term deposits; everyday accounts; transaction and business accounts; bancassurance services; remittance services; trade services; treasury services; cash management solutions; and car, home, SME, and agriculture financing services.

Allied Bank Fundamentals Summary

How do Allied Bank's earnings and revenue compare to its market cap?
ABL fundamental statistics
Market CapPK₨87.03b
Earnings (TTM)PK₨18.24b
Revenue (TTM)PK₨65.18b

4.8x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABL income statement (TTM)
RevenuePK₨65.18b
Cost of RevenuePK₨1.26b
Gross ProfitPK₨63.92b
Other ExpensesPK₨45.68b
EarningsPK₨18.24b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)15.93
Gross Margin98.07%
Net Profit Margin27.99%
Debt/Equity Ratio268.9%

How did ABL perform over the long term?

See historical performance and comparison

Dividends

10.5%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Allied Bank undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


4.77x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ABL (PKR76) is trading above our estimate of fair value (PKR34.85)

Significantly Below Fair Value: ABL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABL's PE Ratio (4.8x) is in line with the PK Banks industry average.

PE vs Market: ABL is good value based on its PE Ratio (4.8x) compared to the PK market (5.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABL's PB Ratio (0.7x) is in line with the PK Banks industry average.


Future Growth

How is Allied Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Banks industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ABL's forecast earnings growth is above the savings rate (10.2%).

Earnings vs Market: Insufficient data to determine if ABL's earnings are forecast to grow faster than the PK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ABL's revenue is forecast to grow faster than the PK market.

High Growth Revenue: Insufficient data to determine if ABL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ABL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Allied Bank performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABL has a high level of non-cash earnings.

Growing Profit Margin: ABL's current net profit margins (28%) are lower than last year (29.9%).


Past Earnings Growth Analysis

Earnings Trend: ABL's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: ABL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ABL had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Banks industry average (11.6%).


Return on Equity

High ROE: ABL's Return on Equity (13.9%) is considered low.


Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ABL's Assets to Equity ratio (14.9x) is moderate.

Allowance for Bad Loans: ABL has a low allowance for bad loans (94%).

Low Risk Liabilities: 77% of ABL's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABL has an appropriate level of Loans to Assets ratio (32%).

Low Risk Deposits: ABL's Loans to Deposits ratio (44%) is appropriate.

Level of Bad Loans: ABL has a high level of bad loans (2.1%).


Dividend

What is Allied Bank current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.53%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ABL's dividend (10.53%) is higher than the bottom 25% of dividend payers in the PK market (3.66%).

High Dividend: ABL's dividend (10.53%) is low compared to the top 25% of dividend payers in the PK market (10.86%).


Stability and Growth of Payments

Stable Dividend: ABL's dividend payments have been volatile in the past 10 years.

Growing Dividend: ABL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.2%), ABL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Aizid Gill

1.33yrs

Tenure

Mr. Aizid Razzaq Gill serves as President & Chief Executive Officer at Allied Bank Limited since January 01, 2021 and serves as Executive Director and also served as its Director until August 27, 2021. He...


Leadership Team

Experienced Management: ABL's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: ABL's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Allied Bank Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Allied Bank Limited
  • Ticker: ABL
  • Exchange: KASE
  • Founded: 1942
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: PK₨87.026b
  • Shares outstanding: 1.15b
  • Website: https://www.abl.com

Number of Employees


Location

  • Allied Bank Limited
  • 3-4 Tipu Block
  • Main Boulevard
  • Lahore
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.