Halyk Savings Bank Of Kazakhstn JSC revenue surged on 19.5% in 2015
14 Mar 2016 • About Halyk Savings Bank Of Kazakhstn JSC (
$HSBK) • By InTwits
Halyk Savings Bank Of Kazakhstn JSC reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts: The company has business model with average profitability: ROIC is at 10.8%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Halyk Savings Bank Of Kazakhstn JSC ($HSBK) key annual financial indicators
| mln. KZT | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 222,702 | 230,890 | 252,633 | 293,778 | 351,032 | 19.5% |
| Net Income | 39,391 | 69,517 | 72,137 | 114,377 | 120,312 | 5.2% |
Balance Sheet
|
|---|
| Cash | 572,524 | 582,536 | 498,263 | 588,762 | 1,473,069 | 150.2% |
| Short Term Debt | 41,634 | 15,202 | 107,395 | 107,192 | 168,258 | 57.0% |
| Long Term Debt | 311,068 | 301,919 | 189,515 | 311,009 | 597,525 | 92.1% |
Cash flow
|
|---|
| Capex | | | | | 901 | |
Ratios
|
|---|
| Revenue growth | -3.0% | 3.7% | 9.4% | 16.3% | 19.5% | |
| Net Income Margin | 17.7% | 30.1% | 28.6% | 38.9% | 34.3% | -4.7% |
| CAPEX, % of revenue | | | | | 0.3% | 0.3% |
| ROIC | 5.1% | 8.8% | 9.0% | 12.9% | 10.8% | -2.1% |
| ROE | 11.8% | 24.5% | 23.1% | 28.5% | 25.5% | -3.0% |
Revenue and profitability
Halyk Savings Bank Of Kazakhstn JSC's Revenue surged on 19.5% in 2015.
Net Income marign decreased on 4.7 pp from 38.9% to 34.3% in 2015.
Capital expenditures (CAPEX) and working capital investments
Halyk Savings Bank Of Kazakhstn JSC's CAPEX/Revenue was 0.26% in 2015. The company showed almost no change in CAPEX/Revenue from 2012 to 2015.
Return on investment
The company operates at good ROE (25.53%) while ROIC is low (10.78%). ROIC decreased on 2.1 pp from 12.9% to 10.8% in 2015. ROE decreased on 3.0 pp from 28.5% to 25.5% in 2015.
Leverage (Debt)
Debt jumped on 83.1% in 2015 while cash jumped on 150% in 2015.
Appendix 1: Peers in Banks
Below you can find Halyk Savings Bank Of Kazakhstn JSC benchmarking vs. other companies in Banks industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kazkommertsbank JSC ($KKB) | | | 6.0% | 16.3% | 41.4% |
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | | 37.6% | 23.7% | 18.9% | 26.8% |
| Yapi Ve Kredi Bankasi As ($YKBD) | | 14.9% | 4.8% | 19.7% | 25.3% |
| Mcb Bank Ltd ($MCBS) | | 3.0% | -1.7% | 19.4% | 22.4% |
| Turkiye Is Bankasi ($TIBD) | | 20.9% | 0.3% | 15.7% | 15.8% |
| |
|---|
| Median (37 companies) | 8.1% | 10.2% | 4.2% | 11.5% | 3.7% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | | 3.7% | 9.4% | 16.3% | 19.5% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Lloyds Banking Group ($LLPC) | | 8.0% | 8.9% | 13.1% | 13.6% |
| Banco Santander Sa ($BNC) | 2.2% | 2.7% | 2.6% | 8.9% | 10.2% |
| Guaranty Trust Bank ($GRTB) | 10.0% | 6.7% | 6.1% | 6.8% | 7.7% |
| Diamond Bank ($DBPA) | | 8.2% | 7.9% | 6.0% | 6.7% |
| Banco Bilbao Vizcaya Argentaria Sa ($BVA) | 4.1% | 5.1% | 3.8% | 4.5% | 6.0% |
| |
|---|
| Median (35 companies) | 2.3% | 2.3% | 2.7% | 2.1% | 2.5% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | | | | | 0.3% |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 16.3% | 21.7% | 26.9% | 30.1% | 30.3% |
| Guaranty Trust Bank ($GRTB) | 14.2% | 19.8% | 18.9% | 17.8% | 16.0% |
| Mcb Bank Ltd ($MCBS) | 18.7% | 15.0% | 14.4% | 15.8% | 14.9% |
| United Bank Ltd ($UBLS) | 12.6% | 11.7% | 11.8% | 13.8% | 12.6% |
| Axis Bank ($AXB) | 10.2% | 9.6% | 8.9% | 9.1% | 8.8% |
| |
|---|
| Median (37 companies) | 7.1% | 6.0% | 5.3% | 4.4% | 3.3% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | 5.1% | 8.8% | 9.0% | 12.9% | 10.8% |
