Standard Chartered Bank (Pakistan) (KASE:SCBPL) - Share price, News & Analysis

SCBPL fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

SCBPL Stock Overview

Standard Chartered Bank (Pakistan) Limited, together with its subsidiaries, engages in the banking business in Pakistan.

Rewards

Earnings grew by 59.1% over the past year

Risk Analysis

Unstable dividend track record

Volatile share price over the past 3 months

Standard Chartered Bank (Pakistan) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Standard Chartered Bank (Pakistan)
Historical stock prices
Current Share Price	PK₨29.00
52 Week High	PK₨37.51
52 Week Low	PK₨27.55
Beta	0.66
1 Month Change	2.47%
3 Month Change	-6.03%
1 Year Change	-13.95%
3 Year Change	26.36%
5 Year Change	11.62%
Change since IPO	-43.58%

Shareholder Returns

	SCBPL	PK Banks	PK Market
7D	-1.5%	-0.9%	-0.8%
1Y	-13.9%	0.04%	-12.1%

Return vs Industry: SCBPL underperformed the PK Banks industry which returned 0% over the past year.

Return vs Market: SCBPL underperformed the PK Market which returned -12.1% over the past year.

Price Volatility

Is SCBPL's price volatile compared to industry and market?
SCBPL volatility
SCBPL Average Weekly Movement	7.4%
Banks Industry Average Movement	4.7%
Market Average Movement	5.8%
10% most volatile stocks in PK Market	9.1%
10% least volatile stocks in PK Market	3.5%

Stable Share Price: SCBPL is more volatile than 75% of PK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SCBPL's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of PK stocks.

About the Company

Founded	Employees	CEO	Website
1863	2,279	Rehan Shaikh	https://www.sc.com/pk

Standard Chartered Bank (Pakistan) Limited, together with its subsidiaries, engages in the banking business in Pakistan. The company operates through Corporate Commercial and Institutional Banking, and Consumer Private Business Banking segments. The company provides fixed and term, and savings deposits; current and margin accounts; and mortgages, personal and auto loans, overdrafts etc. It also offers investment products, including fixed income, mutual funds, and foreign exchange; life and general insurance products; and credit cards.

Standard Chartered Bank (Pakistan) Fundamentals Summary

How do Standard Chartered Bank (Pakistan)'s earnings and revenue compare to its market cap?
SCBPL fundamental statistics
Market Cap	PK₨112.28b
Earnings (TTM)	PK₨17.57b
Revenue (TTM)	PK₨42.96b

6.4x

P/E Ratio

1.4x

P/B Ratio

Is SCBPL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCBPL income statement (TTM)
Revenue	PK₨42.96b
Cost of Revenue	PK₨456.80m
Gross Profit	PK₨42.50b
Other Expenses	PK₨24.93b
Earnings	PK₨17.57b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	4.54
Gross Margin	98.94%
Net Profit Margin	40.90%
Debt/Equity Ratio	114.9%

How did SCBPL perform over the long term?

See historical performance and comparison

Dividends

12.1%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is Standard Chartered Bank (Pakistan) undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

6.39x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SCBPL (PKR29) is trading above our estimate of fair value (PKR12.82)

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

Price To Earnings Ratio

PE vs Industry: SCBPL is poor value based on its PE Ratio (6.4x) compared to the PK Banks industry average (4.9x).

PE vs Market: SCBPL is poor value based on its PE Ratio (6.4x) compared to the PK market (5.7x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: SCBPL is overvalued based on its PB Ratio (1.4x) compared to the PK Banks industry average (0.6x).

Future Growth

How is Standard Chartered Bank (Pakistan) forecast to perform in the next 1 to 3 years based on estimates from 0 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

11.9%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Standard Chartered Bank (Pakistan) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Standard Chartered Bank (Pakistan) performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SCBPL has high quality earnings.

Growing Profit Margin: SCBPL's current net profit margins (40.9%) are higher than last year (33.3%).

Past Earnings Growth Analysis

Earnings Trend: SCBPL's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: SCBPL's earnings growth over the past year (59.1%) exceeds its 5-year average (11% per year).

Earnings vs Industry: SCBPL earnings growth over the past year (59.1%) exceeded the Banks industry 11.6%.

Return on Equity

High ROE: Whilst SCBPL's Return on Equity (21.98%) is high, this metric is skewed due to their high level of debt.

Financial Health

How is Standard Chartered Bank (Pakistan)'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: SCBPL's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: SCBPL has a low allowance for bad loans (100%).

Low Risk Liabilities: 79% of SCBPL's liabilities are made up of primarily low risk sources of funding.

Loan Level: SCBPL has an appropriate level of Loans to Assets ratio (28%).

Low Risk Deposits: SCBPL's Loans to Deposits ratio (39%) is appropriate.

Level of Bad Loans: SCBPL has a high level of bad loans (7.7%).

Dividend

What is Standard Chartered Bank (Pakistan) current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

12.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SCBPL's dividend (12.07%) is higher than the bottom 25% of dividend payers in the PK market (3.71%).

High Dividend: SCBPL's dividend (12.07%) is in the top 25% of dividend payers in the PK market (10.85%)

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (66.1%), SCBPL'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.

Discover strong dividend paying companies

Management

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

1.8yrs

Average board tenure

CEO

Rehan Shaikh

1.75yrs

Tenure

Mr. Rehan Muhammad Shaikh has been Chief Executive Officer and Executive Director of Standard Chartered Bank (Pakistan) Ltd. since August 05, 2020. Mr. Shaikh served as Chief Executive Officer of Standard...

Board Members

Experienced Board: SCBPL's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31