Habib Bank Past Earnings Performance

Past criteria checks 4/6

Habib Bank has been growing earnings at an average annual rate of 27.4%, while the Banks industry saw earnings growing at 23.4% annually. Revenues have been growing at an average rate of 19.9% per year. Habib Bank's return on equity is 15.8%, and it has net margins of 20.1%.

Key information

27.4%

Earnings growth rate

27.4%

EPS growth rate

Banks Industry Growth	20.1%
Revenue growth rate	19.9%
Return on equity	15.8%
Net Margin	20.1%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

KASE:HBL Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	286,318	57,676	5,877
30 Sep 23	264,379	53,500	5,198
30 Jun 23	241,081	48,378	5,154
31 Mar 23	219,670	38,792	5,105
31 Dec 22	203,813	34,070	4,640
30 Sep 22	190,207	31,714	5,000
30 Jun 22	175,563	29,251	4,736
31 Mar 22	166,144	35,165	4,335
31 Dec 21	159,532	35,022	4,470
30 Sep 21	151,466	32,408	3,818
30 Jun 21	152,909	33,405	3,610
31 Mar 21	157,804	35,132	3,923
31 Dec 20	148,568	30,892	3,633
30 Sep 20	148,417	31,888	3,968
30 Jun 20	141,237	26,770	3,819
31 Mar 20	121,434	16,375	3,827
31 Dec 19	121,936	15,333	3,662
30 Sep 19	109,818	11,061	489
30 Jun 19	100,759	7,818	949
31 Mar 19	101,360	10,527	990
31 Dec 18	96,563	12,056	-30
30 Sep 18	103,127	16,856	-37,826
30 Jun 18	109,799	944	-23,055
31 Mar 18	112,697	4,046	-8,872
31 Dec 17	115,575	8,495	4,137
30 Sep 17	116,519	9,719	56,688
30 Jun 17	114,988	33,641	55,037
31 Mar 17	114,098	34,080	53,391
31 Dec 16	112,669	34,070	52,146
30 Sep 16	110,007	35,017	49,885
30 Jun 16	109,918	35,309	48,600
31 Mar 16	110,266	34,199	47,920
31 Dec 15	110,242	35,109	46,267
30 Sep 15	109,189	35,544	44,627
30 Jun 15	102,255	32,855	42,914
31 Mar 15	97,416	35,502	40,861
31 Dec 14	90,747	31,618	40,150
30 Sep 14	85,844	28,077	39,341
30 Jun 14	83,020	26,973	38,492
31 Mar 14	76,802	23,889	37,058
31 Dec 13	72,920	22,863	34,920
30 Sep 13	67,652	22,041	33,603
30 Jun 13	65,312	21,338	31,555

Quality Earnings: HBL has high quality earnings.

Growing Profit Margin: HBL's current net profit margins (20.1%) are higher than last year (16.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HBL's earnings have grown significantly by 27.4% per year over the past 5 years.

Accelerating Growth: HBL's earnings growth over the past year (69.3%) exceeds its 5-year average (27.4% per year).

Earnings vs Industry: HBL earnings growth over the past year (69.3%) did not outperform the Banks industry 89.5%.

Habib Bank Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: PK₨39.32 (vs PK₨23.23 in FY 2022)

Third quarter 2023 earnings released: EPS: PK₨11.34 (vs PK₨7.85 in 3Q 2022)

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Third quarter 2021 earnings released: EPS PK₨6.17 (vs PK₨6.85 in 3Q 2020)

Second quarter 2021 earnings released

Habib Bank Limited Announces Unaudited Consolidated Interim Impairment Charge for the Quarter Ended March 31, 2021

Recent updates

Full year 2023 earnings released: EPS: PK₨39.32 (vs PK₨23.23 in FY 2022)

Upcoming dividend of PK₨4.00 per share

Consensus EPS estimates fall by 12%

New major risk - Revenue and earnings growth

Third quarter dividend of PK₨4.00 announced

Price target increased by 12% to PK₨120

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: PK₨11.34 (vs PK₨7.85 in 3Q 2022)

Price target increased by 7.4% to PK₨122

Consensus EPS estimates increase by 16%

Investor sentiment improves as stock rises 16%

Upcoming dividend of PK₨1.50 per share at 9.0% yield

Price target decreased by 7.9% to PK₨144

Investor sentiment improves as stock rises 18%

Price target decreased to PK₨145

Less than half of directors are independent

Upcoming dividend of PK₨1.50 per share

Habib Bank Limited Appoints Usman Naveed Chaudhary as Company Secretary

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Less than half of directors are independent

Upcoming dividend of PK₨2.25 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of PK₨1.75 per share

Third quarter 2021 earnings released: EPS PK₨6.17 (vs PK₨6.85 in 3Q 2020)

Upcoming dividend of PK₨1.75 per share

Second quarter 2021 earnings released

Upcoming dividend of PK₨1.75 per share

Bank Alfalah Joins Race to Acquire Silkbank's Consumer Portfolio

Habib Bank Limited Announces Unaudited Consolidated Interim Impairment Charge for the Quarter Ended March 31, 2021

First quarter 2021 earnings released: EPS PK₨5.68 (vs PK₨2.79 in 1Q 2020)

Full year 2020 earnings released: EPS PK₨21.06 (vs PK₨10.45 in FY 2019)

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: EPS PK₨21.06 (vs PK₨10.45 in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day low: PK₨125

Price target raised to PK₨164

New 90-day high: PK₨140

Analysts update estimates

Habib Bank Limited Declares No Dividend for the Quarter Ended September 30, 2020

Third-quarter earnings released: Revenue and earnings beat expectations

Third quarter earnings released

New 90-day high: PK₨139

Price target lowered to PK₨146

New 90-day high - PK₨136

New 90-day high - PK₨135

Analysts update estimates

New 90-day high - PK₨128

New 90-day high - PK₨109

Revenue & Expenses BreakdownBeta

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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Revenue & Expenses Breakdown
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