Date: 8/1/2018
| Basic Information | |
| Company | Agriculture Development Bank Limited |
| Ticker | ADBL |
| Price | 322 |
| 52-Week Range | 283-469 |
| Listed Shares | 85,052,160.00 |
| Market Capitalization | 27,386,795,520.00 |
QUARTER-3 OF FY 2017/18
| Business | |
| Sector | Commercial Bank |
| Market Share: | |
| Deposits | 4.59% |
| Loans | 5.05% |
| Growth: | |
| Deposits | 8.46% |
| Loans | 7.00% |
Comment: As per third quarter report of FY 2017/18, Agriculture Development Bank Limited has the 6th highest deposit collection and 4th highest loans & advances. In terms of growth, Agriculture Development was mostly behind most of the banks; its deposit growth ranked 19th while it came last in credit growth.
| Key Metrics | ADBL | Industry Avg. | Performance |
| Ann. EPS | 28.04 | 20.53 | Better |
| Gross profit margin | 45.49% | 37.45% | Better |
| Operating profit margin | 6.84% | 26.13% | Poor |
| Net profit margin | 18.89% | 20.20% | Poor |
| Non Performing Loan (NPL) to Total Loan | 3.49% | 1.47% | Poor |
| Cost of Funds | 7.15% | 7.13% | Better |
| Base Rate | 12.72% | 10.60% | Poor |
| Return on Equity (Annualized) | 10.11% | 12.99% | Poor |
| Return on Assets (Annualized) | 1.90% | 1.65% | Better |
Comment: Higher staff expenses and provision for possible losses have reduced the operating profit of Agriculture Development Bank. It has one of the highest non- performing loans to total loans amongst the commercial banks.
| Valuation | ADBL | Industry Avg. |
| P/E | 11.48 | 16.43 |
| P/B | 1.51 | 2.14 |
Comment: Comparing to industry average, ADBL is under-valued.
Growth trend for last five years’ quarter-3 report
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