ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
IBN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 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 shows excellent growth, but is valued quite expensive already.
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.
IBN had positive earnings in each of the past 5 years.
Of the past 5 years IBN 4 years had a positive operating cash flow.
1.2 Ratios
IBN has a better Return On Assets (1.89%) than 94.90% of its industry peers.
Looking at the Return On Equity, with a value of 17.33%, IBN belongs to the top of the industry, outperforming 94.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 17.33% | ||
| ROIC | N/A |
ROA(3y)1.45%
ROA(5y)1.08%
ROE(3y)13.78%
ROE(5y)10.57%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of IBN (26.89%) is better than 65.29% 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) | 26.89% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y40.23%
PM growth 5Y22.48%
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.
The number of shares outstanding for IBN has been increased compared to 1 year ago.
The number of shares outstanding for IBN has been increased compared to 5 years ago.
IBN has a worse debt/assets ratio than last year.
2.2 Solvency
IBN has a debt to FCF ratio of 13.47. This is a negative value and a sign of low solvency as IBN would need 13.47 years to pay back of all of its debts.
IBN has a Debt to FCF ratio of 13.47. This is amonst the worse of the industry: IBN underperforms 80.34% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that IBN is somewhat dependend on debt financing.
IBN has a worse Debt to Equity ratio (0.82) than 78.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 13.47 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.3%
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 34.38% over the past year.
The Earnings Per Share has been growing by 33.80% on average over the past years. This is a very strong growth
The Revenue has grown by 21.48% in the past year. This is a very strong growth!
The Revenue has been growing by 9.87% on average over the past years. This is quite good.
EPS 1Y (TTM)34.38%
EPS 3Y54.95%
EPS 5Y33.8%
EPS growth Q2Q35.34%
Revenue 1Y (TTM)21.48%
Revenue growth 3Y8.87%
Revenue growth 5Y9.87%
Revenue growth Q2Q18.69%
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 16.38% 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 14.50% on average per year.
EPS Next Y28.3%
EPS Next 2Y17.83%
EPS Next 3Y16.38%
EPS Next 5YN/A
Revenue Next Year16.27%
Revenue Next 2Y14.31%
Revenue Next 3Y14.5%
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
With a Price/Earnings ratio of 20.06, IBN is valued on the expensive side.
86.16% of the companies in the same industry are cheaper than IBN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 24.76. IBN is around the same levels.
With a Price/Forward Earnings ratio of 16.91, IBN is valued correctly.
Based on the Price/Forward Earnings ratio, IBN is valued a bit more expensive than 75.49% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (21.26), we can say IBN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.06 | ||
| Fwd PE | 16.91 |
4.2 Price Multiples
IBN's Price/Free Cash Flow ratio is rather expensive when compared to the industry. IBN is more expensive than 86.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.46 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as IBN's earnings are expected to grow with 16.38% in the coming years.
PEG (NY)0.71
PEG (5Y)0.59
EPS Next 2Y17.83%
EPS Next 3Y16.38%
5. Dividend
5.1 Amount
With a yearly dividend of 0.72%, IBN is not a good candidate for dividend investing.
With a Dividend Yield of 0.72, IBN pays less dividend than the industry average, which is at 3.92. 86.16% of the companies listed in the same industry pay a better dividend than IBN!
Compared to an average S&P500 Dividend Yield of 2.40, IBN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
5.2 History
The dividend of IBN is nicely growing with an annual growth rate of 13.31%!
IBN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13.31%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
13.93% of the earnings are spent on dividend by IBN. This is a low number and sustainable payout ratio.
IBN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.93%
EPS Next 2Y17.83%
EPS Next 3Y16.38%
ICICI BANK LTD-SPON ADR
NYSE:IBN (4/19/2024, 7:04:00 PM)
After market: 25.68 0 (0%)25.68
+0.25 (+0.98%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap90.16B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 20.06 | ||
| Fwd PE | 16.91 | ||
| 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)0.71
PEG (5Y)0.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 17.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 26.89% | ||
| 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 | 0.82 | ||
| 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)
Growth
EPS 1Y (TTM)34.38%
EPS 3Y54.95%
EPS 5Y
EPS growth Q2Q
EPS Next Y28.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.48%
Revenue growth 3Y8.87%
Revenue growth 5Y
Revenue growth 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