Halyk Savings Bank Of Kazakhstn JSC revenue jumped on 24.8% in 2016
10 Mar 2017 • About Halyk Savings Bank Of Kazakhstn JSC (
$HSBK) • By InTwits
Halyk Savings Bank Of Kazakhstn JSC reported 2016 financial results today. Overall the company's long term financial model is characterised by the following facts: The company has business model with low profitability: ROIC is at 9.2%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Halyk Savings Bank Of Kazakhstn JSC ($HSBK) key annual financial indicators
| mln. KZT | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 230,890 | 252,633 | 293,778 | 351,032 | 438,172 | 24.8% |
| Net Income | 69,517 | 72,137 | 114,377 | 120,312 | 131,412 | 9.2% |
Balance Sheet
|
|---|
| Cash | 582,536 | 498,263 | 588,762 | 1,473,069 | 1,850,641 | 25.6% |
| Short Term Debt | 15,202 | 107,395 | 107,192 | 168,258 | 162,134 | -3.6% |
| Long Term Debt | 301,919 | 189,515 | 311,009 | 597,525 | 584,933 | -2.1% |
Cash flow
|
|---|
| Capex | | | | 901 | 2,817 | 212.7% |
Ratios
|
|---|
| Revenue growth | 3.7% | 9.4% | 16.3% | 19.5% | 24.8% | |
| Net Income Margin | 30.1% | 28.6% | 38.9% | 34.3% | 30.0% | -4.3% |
| CAPEX, % of revenue | | | | 0.3% | 0.6% | 0.4% |
| ROIC | 8.8% | 9.0% | 12.9% | 10.8% | 9.2% | -1.6% |
| ROE | 24.5% | 23.1% | 28.5% | 25.5% | 23.1% | -2.4% |
Revenue and profitability
The company's Revenue jumped on 24.8% in 2016.
Net Income marign decreased on 4.3 pp from 34.3% to 30.0% in 2016.
Capital expenditures (CAPEX) and working capital investments
Halyk Savings Bank Of Kazakhstn JSC's CAPEX/Revenue was 0.64% in 2016. The company showed small growth in CAPEX/Revenue0.64 pp from in 2013 to 0.64% in 2016.
Return on investment
The company operates at good ROE (23.09%) while ROIC is low (9.20%). ROIC decreased slightly on 1.6 pp from 10.8% to 9.2% in 2016. ROE decreased on 2.4 pp from 25.5% to 23.1% in 2016.
Leverage (Debt)
Debt decreased on 2.4% in 2016 while cash jumped on 25.6% in 2016.
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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Guaranty Trust Bank ($GRTB) | | 9.3% | 14.7% | 8.4% | 37.4% |
| Bank Audi S.A.L. ($BQAD) | | 11.7% | 23.9% | 7.1% | 27.2% |
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | | 23.7% | 18.9% | 26.8% | 27.0% |
| Turkiye Garanti Bankasi ($39IS) | | 4.2% | 15.8% | 10.3% | 20.4% |
| Turk Ekonomi Bankasi As ($TURA) | | 6.3% | 23.0% | 14.6% | 18.1% |
| |
|---|
| Median (36 companies) | 13.9% | 4.2% | 11.5% | 4.2% | 3.8% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | | 9.4% | 16.3% | 19.5% | 24.8% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Banque Marocaine Du Comm Exterieur ($69IR) | 3.7% | 9.7% | 4.3% | 26.8% | |
| Lloyds Banking Group ($LLPC) | 8.0% | 8.9% | 13.1% | 13.6% | 14.5% |
| Banco Santander Sa ($BNC) | 2.7% | 2.6% | 8.9% | 10.2% | 9.1% |
| Guaranty Trust Bank ($GRTB) | 6.7% | 6.1% | 6.8% | 7.7% | 3.8% |
| Diamond Bank ($DBPA) | 8.2% | 7.9% | 6.0% | 6.7% | |
| |
|---|
| Median (41 companies) | 2.3% | 2.7% | 2.1% | 2.5% | 2.2% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | | | | 0.3% | 0.6% |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 21.7% | 26.9% | 30.1% | 30.3% | 28.5% |
| Guaranty Trust Bank ($GRTB) | 19.8% | 18.9% | 17.8% | 16.0% | 17.4% |
| Bank Audi S.A.L. ($BQAD) | 13.2% | 9.2% | 8.9% | 8.3% | 14.5% |
| Mcb Bank Ltd ($MCBS) | 15.0% | 14.4% | 15.8% | 14.9% | 12.5% |
| Zenith Bank ($ZENB) | 19.0% | 17.6% | 15.0% | 11.2% | 11.1% |
| |
|---|
| Median (38 companies) | 6.0% | 5.3% | 4.4% | 3.4% | 5.0% |
|---|
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | 8.8% | 9.0% | 12.9% | 10.8% | 9.2% |
