Allied Bank Past Earnings Performance

Past criteria checks 5/6

Allied Bank has been growing earnings at an average annual rate of 26%, while the Banks industry saw earnings growing at 25% annually. Revenues have been growing at an average rate of 23.9% per year. Allied Bank's return on equity is 21.5%, and it has net margins of 31.5%.

Key information

26.0%

Earnings growth rate

26.0%

EPS growth rate

Banks Industry Growth	20.1%
Revenue growth rate	23.9%
Return on equity	21.5%
Net Margin	31.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Allied Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KASE:ABL Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	151,647	47,743	3,961
31 Mar 24	146,413	45,224	3,219
31 Dec 23	135,533	41,301	3,027
30 Sep 23	120,784	37,636	3,004
30 Jun 23	108,852	32,058	2,782
31 Mar 23	96,582	24,082	2,638
31 Dec 22	88,422	21,247	2,194
30 Sep 22	78,527	16,945	1,749
30 Jun 22	70,697	15,453	1,610
31 Mar 22	65,175	18,241	1,524
31 Dec 21	63,135	17,503	1,528
30 Sep 21	63,733	18,945	1,666
30 Jun 21	62,706	18,776	1,450
31 Mar 21	62,180	18,599	1,326
31 Dec 20	60,995	18,378	1,383
30 Sep 20	60,399	17,485	4
30 Jun 20	58,345	16,724	-35
31 Mar 20	54,350	15,285	178
31 Dec 19	53,088	14,489	-28
30 Sep 19	48,451	12,561	-529
30 Jun 19	46,096	12,029	-529
31 Mar 19	45,639	12,282	-666
31 Dec 18	45,088	13,032	-636
30 Sep 18	46,027	13,141	-13,235
30 Jun 18	45,417	13,572	-8,271
31 Mar 18	44,823	13,097	-3,546
31 Dec 17	43,456	12,926	1,029
30 Sep 17	41,557	12,219	21,237
30 Jun 17	42,441	12,621	20,971
31 Mar 17	43,894	13,558	20,764
31 Dec 16	45,396	14,700	20,462
30 Sep 16	45,027	15,665	18,787
30 Jun 16	45,987	16,492	18,386
31 Mar 16	45,313	15,864	17,967
31 Dec 15	44,117	15,314	17,628
30 Sep 15	43,119	15,548	17,853
30 Jun 15	42,429	15,508	17,645
31 Mar 15	41,087	16,182	17,197
31 Dec 14	38,841	15,202	16,924
30 Sep 14	37,738	18,022	16,348
30 Jun 14	34,876	16,391	16,175
31 Mar 14	32,101	15,219	15,843
31 Dec 13	31,047	14,783	15,467

Quality Earnings: ABL has high quality earnings.

Growing Profit Margin: ABL's current net profit margins (31.5%) are higher than last year (29.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ABL's earnings have grown significantly by 26% per year over the past 5 years.

Accelerating Growth: ABL's earnings growth over the past year (48.9%) exceeds its 5-year average (26% per year).

Earnings vs Industry: ABL earnings growth over the past year (48.9%) exceeded the Banks industry 36.2%.

Return on Equity

High ROE: Whilst ABL's Return on Equity (21.5%) is high, this metric is skewed due to their high level of debt.

Allied Bank Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: PK₨10.14 (vs PK₨6.71 in 1Q 2023)

Third quarter 2023 earnings released: EPS: PK₨9.95 (vs PK₨5.08 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨8.69 (vs PK₨1.73 in 2Q 2022)

Third quarter 2022 earnings released: EPS: PK₨5.08 (vs PK₨3.78 in 3Q 2021)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: EPS PK₨3.78 (vs PK₨3.63 in 3Q 2020)

Recent updates

Second quarter dividend of PK₨4.00 announced

First quarter dividend of PK₨4.00 announced

Price target increased by 22% to PK₨115

First quarter 2024 earnings released: EPS: PK₨10.14 (vs PK₨6.71 in 1Q 2023)

Fourth quarter dividend of PK₨4.00 announced

Upcoming dividend of PK₨4.00 per share

Third quarter dividend of PK₨4.00 announced

Third quarter 2023 earnings released: EPS: PK₨9.95 (vs PK₨5.08 in 3Q 2022)

Upcoming dividend of PK₨3.00 per share at 13% yield

Second quarter 2023 earnings released: EPS: PK₨8.69 (vs PK₨1.73 in 2Q 2022)

Upcoming dividend of PK₨2.50 per share at 14% yield

New major risk - Revenue and earnings growth

Price target increased by 13% to PK₨107

Upcoming dividend of PK₨2.50 per share at 16% yield

Upcoming dividend of PK₨2.50 per share at 15% yield

Price target decreased to PK₨87.17

Less than half of directors are independent

Upcoming dividend of PK₨2.00 per share

Third quarter 2022 earnings released: EPS: PK₨5.08 (vs PK₨3.78 in 3Q 2021)

Upcoming dividend of PK₨2.00 per share

Price target increased to PK₨108

Less than half of directors are independent

Upcoming dividend of PK₨2.00 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of PK₨2.00 per share

Third quarter 2021 earnings released: EPS PK₨3.78 (vs PK₨3.63 in 3Q 2020)

Investor sentiment improved over the past week

Independent Director Muhammad Sheikh has left the company

Upcoming dividend of PK₨2.00 per share

Second quarter 2021 earnings released: EPS PK₨4.16 (vs PK₨4.01 in 2Q 2020)

Upcoming dividend of PK₨2.00 per share

First quarter 2021 earnings released: EPS PK₨3.59 (vs PK₨3.40 in 1Q 2020)

Price target raised to PK₨102

New 90-day low: PK₨81.51

Full year 2020 earnings released: EPS PK₨16.05 (vs PK₨12.65 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day high: PK₨89.08

Allied Bank Limited Announces Executive Changes

New 90-day low: PK₨80.71

Third-quarter earnings released: Earnings beat expectations

Third quarter earnings released

Price target raised to PK₨91.73

Analysts update estimates

Price target lowered to PK₨94.75

First half earnings released

First half earnings released

New 90-day high - PK₨88.58

New 90-day high - PK₨84.13

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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