National Bank of Pakistan Future Growth

Future criteria checks 4/6

National Bank of Pakistan is forecast to grow earnings and revenue by 41.3% and 6.4% per annum respectively. EPS is expected to grow by 41.5% per annum. Return on equity is forecast to be 10% in 3 years.

Key information

41.3%

Earnings growth rate

41.5%

EPS growth rate

Banks earnings growth	7.3%
Revenue growth rate	6.4%
Future return on equity	10.0%
Analyst coverage	Low
Last updated	30 Aug 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

KASE:NBP - Analysts future estimates and past financials data (PKR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	232,274	43,955	N/A	N/A	1
12/31/2025	204,239	36,671	N/A	N/A	1
12/31/2024	197,535	20,519	N/A	N/A	1
9/30/2024	203,092	17,320	-161,692	-158,903	N/A
6/30/2024	204,012	26,659	-155,934	-152,309	N/A
3/31/2024	199,791	51,561	145,433	148,007	N/A
12/31/2023	197,273	53,102	-21,164	-17,984	N/A
9/30/2023	176,503	50,960	512,163	515,665	N/A
6/30/2023	165,639	45,664	766,676	769,806	N/A
3/31/2023	150,038	32,388	1,572,490	1,575,303	N/A
12/31/2022	142,807	30,835	1,912,324	1,915,081	N/A
9/30/2022	140,163	23,271	800,324	802,008	N/A
6/30/2022	135,702	23,826	741,632	744,119	N/A
3/31/2022	130,184	30,482	-240,121	-237,774	N/A
12/31/2021	124,720	28,600	-130,324	-128,008	N/A
9/30/2021	114,252	28,901	232,161	234,864	N/A
6/30/2021	118,403	32,403	-55,492	-53,182	N/A
3/31/2021	117,129	34,185	25,811	28,187	N/A
12/31/2020	111,003	30,490	-274,557	-272,456	N/A
9/30/2020	109,774	26,102	-348,944	-353,625	N/A
6/30/2020	98,907	20,296	209,988	205,070	N/A
3/31/2020	95,791	16,447	411,194	410,000	N/A
12/31/2019	96,416	16,583	103,751	106,197	N/A
9/30/2019	97,344	20,375	267,004	276,371	N/A
6/30/2019	93,610	18,610	22,670	31,870	N/A
3/31/2019	89,162	19,107	244	5,538	N/A
12/31/2018	87,730	19,913	310,739	313,103	N/A
9/30/2018	86,586	24,629	101,850	103,875	N/A
6/30/2018	89,423	27,320	N/A	-156,660	N/A
3/31/2018	87,187	24,105	N/A	-181,065	N/A
12/31/2017	86,695	23,181	N/A	-302,340	N/A
9/30/2017	90,842	24,126	N/A	-209,282	N/A
6/30/2017	86,730	21,485	N/A	-213,278	N/A
3/31/2017	89,603	23,156	N/A	-211,003	N/A
12/31/2016	87,449	23,040	N/A	-179,288	N/A
9/30/2016	84,009	22,394	N/A	5,030	N/A
6/30/2016	84,307	23,275	N/A	235,662	N/A
3/31/2016	80,765	19,989	N/A	101,150	N/A
12/31/2015	79,804	20,043	N/A	153,554	N/A
9/30/2015	71,891	15,056	N/A	112,016	N/A
6/30/2015	70,997	14,187	N/A	-17,103	N/A
3/31/2015	71,251	16,933	N/A	80,191	N/A
12/31/2014	68,550	16,085	N/A	-44,492	N/A
9/30/2014	61,979	11,640	N/A	61,333	N/A
6/30/2014	53,907	8,000	N/A	121,360	N/A
3/31/2014	46,005	4,975	N/A	-8,675	N/A
12/31/2013	45,836	5,275	N/A	-30,290	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBP's forecast earnings growth (41.3% per year) is above the savings rate (12.2%).

Earnings vs Market: NBP's earnings (41.3% per year) are forecast to grow faster than the PK market (5% per year).

High Growth Earnings: NBP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NBP's revenue (6.4% per year) is forecast to grow faster than the PK market (4.2% per year).

High Growth Revenue: NBP's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NBP's Return on Equity is forecast to be low in 3 years time (10%).

National Bank of Pakistan Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 43% to PK₨68.70

Price target increased by 53% to PK₨48.00

Price target decreased by 49% to PK₨36.48

Price target increased to PK₨73.30

Price target increased to PK₨54.33

Price target decreased to PK₨45.00

Recent updates

Third quarter 2024 earnings released: EPS: PK₨1.39 (vs PK₨5.78 in 3Q 2023)

Investor sentiment improves as stock rises 18%

Second quarter 2024 earnings released: PK₨4.28 loss per share (vs PK₨7.42 profit in 2Q 2023)

Investor sentiment improves as stock rises 16%

Price target increased by 43% to PK₨68.70

National Bank of Pakistan to Report First Half, 2024 Results on Aug 28, 2024

New minor risk - Share price stability

Investor sentiment improves as stock rises 34%

First quarter 2024 earnings released: EPS: PK₨4.56 (vs PK₨5.29 in 1Q 2023)

Price target increased by 53% to PK₨48.00

Full year 2023 earnings released: EPS: PK₨24.96 (vs PK₨14.49 in FY 2022)

Third quarter 2023 earnings released: EPS: PK₨5.78 (vs PK₨3.29 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨7.42 (vs PK₨1.18 in 2Q 2022)

National Bank of Pakistan Appoints Rehmat Ali Hasnie as Its New President

Price target decreased by 49% to PK₨36.48

Full year 2022 earnings released: EPS: PK₨14.49 (vs PK₨13.44 in FY 2021)

Less than half of directors are independent

National Bank of Pakistan Announces Executive Appointments

Price target increased to PK₨73.30

Investor sentiment improved over the past week

Price target increased to PK₨54.33

High number of new directors

Inaugural dividend of PK₨1.00 per share

Investor sentiment deteriorated over the past week

Price target decreased to PK₨45.00

Third quarter 2021 earnings released: EPS PK₨3.55 (vs PK₨5.20 in 3Q 2020)

Second quarter 2021 earnings released: EPS PK₨4.31 (vs PK₨5.15 in 2Q 2020)

Non-Executive Director has left the company

First quarter 2021 earnings released: EPS PK₨3.67 (vs PK₨1.94 in 1Q 2020)

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS PK₨14.33 (vs PK₨7.79 in FY 2019)

Revenue and earnings miss expectations

New 90-day low: PK₨38.28

New 90-day high: PK₨41.89

Third quarter earnings released

National Bank of Pakistan to Report Q2, 2020 Results on Sep 22, 2020

New 90-day high - PK₨41.67

First half earnings released

New 90-day high - PK₨36.53

New 90-day high - PK₨31.79

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies