ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
Overall IBN gets a fundamental rating of 4 out of 10. We evaluated IBN against 407 industry peers in the Banks industry. While IBN is still in line with the averages on profitability rating, there are concerns on its financial health. IBN is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
IBN had positive earnings in the past year.
In the past year IBN had a positive cash flow from operations.
In the past 5 years IBN has always been profitable.
Of the past 5 years IBN 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.87%, IBN belongs to the top of the industry, outperforming 94.84% of the companies in the same industry.
With an excellent Return On Equity value of 17.28%, IBN belongs to the best of the industry, outperforming 95.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.87% | ||
| ROE | 17.28% | ||
| ROIC | N/A |
ROA(3y)1.68%
ROA(5y)1.38%
ROE(3y)15.65%
ROE(5y)13.28%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of IBN (27.33%) is better than 71.25% of its industry peers.
In the last couple of years the Profit Margin of IBN has grown nicely.
IBN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.33% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y20.83%
PM growth 5Y42.71%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
IBN does not have a ROIC to compare to the WACC, probably because it is not profitable.
IBN has more shares outstanding than it did 1 year ago.
IBN has more shares outstanding than it did 5 years ago.
IBN has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of IBN is 1.34, which is an excellent value as it means it would take IBN, only 1.34 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of IBN (1.34) is better than 71.50% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that IBN is somewhat dependend on debt financing.
IBN's Debt to Equity ratio of 0.81 is on the low side compared to the rest of the industry. IBN is outperformed by 80.59% of its industry peers.
Even though the debt/equity ratio score it not favorable for IBN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 1.34 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.61%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.68% over the past year.
IBN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 61.93% yearly.
Looking at the last year, IBN shows a quite strong growth in Revenue. The Revenue has grown by 19.39% in the last year.
The Revenue has been growing by 11.94% on average over the past years. This is quite good.
EPS 1Y (TTM)27.68%
EPS 3Y34.49%
EPS 5Y61.93%
EPS Q2Q%16.84%
Revenue 1Y (TTM)19.39%
Revenue growth 3Y10.91%
Revenue growth 5Y11.94%
Sales Q2Q%-51.59%
3.2 Future
Based on estimates for the next years, IBN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.85% on average per year.
Based on estimates for the next years, IBN will show a quite strong growth in Revenue. The Revenue will grow by 16.10% on average per year.
EPS Next Y11.6%
EPS Next 2Y13.06%
EPS Next 3Y12.85%
EPS Next 5YN/A
Revenue Next Year14.13%
Revenue Next 2Y15.16%
Revenue Next 3Y16.1%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
IBN is valuated rather expensively with a Price/Earnings ratio of 20.69.
IBN's Price/Earnings ratio is rather expensive when compared to the industry. IBN is more expensive than 80.59% of the companies in the same industry.
When comparing the Price/Earnings ratio of IBN to the average of the S&P500 Index (24.41), we can say IBN is valued inline with the index average.
With a Price/Forward Earnings ratio of 18.52, IBN is valued on the expensive side.
74.94% of the companies in the same industry are cheaper than IBN, based on the Price/Forward Earnings ratio.
IBN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.69 | ||
| Fwd PE | 18.52 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IBN indicates a rather cheap valuation: IBN is cheaper than 89.93% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.49 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
IBN's earnings are expected to grow with 12.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.78
PEG (5Y)0.33
EPS Next 2Y13.06%
EPS Next 3Y12.85%
5. Dividend
5.1 Amount
With a yearly dividend of 0.82%, IBN is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.36, IBN's dividend is way lower than its industry peers. On top of this 84.77% of the companies listed in the same industry pay a better dividend than IBN!
With a Dividend Yield of 0.82, IBN pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
5.2 History
The dividend of IBN is nicely growing with an annual growth rate of 34.51%!
IBN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)34.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
IBN pays out 12.65% of its income as dividend. This is a sustainable payout ratio.
The dividend of IBN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP12.65%
EPS Next 2Y13.06%
EPS Next 3Y12.85%
ICICI BANK LTD-SPON ADR
NYSE:IBN (7/26/2024, 7:04:00 PM)
After market: 28.76 0 (0%)28.76
+0.46 (+1.63%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap101.19B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.69 | ||
| Fwd PE | 18.52 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.78
PEG (5Y)0.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.87% | ||
| ROE | 17.28% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 27.33% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)27.68%
EPS 3Y34.49%
EPS 5Y
EPS Q2Q%
EPS Next Y11.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.39%
Revenue growth 3Y10.91%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y