ICICI BANK LTD-SPON ADR (IBN) Stock Fundamental Analysis
NYSE:IBN - New York Stock Exchange, Inc. - US45104G1040 - ADR - Currency: USD
Overall IBN gets a fundamental rating of 4 out of 10. We evaluated IBN against 396 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 expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
IBN had positive earnings in the past year.
IBN had a positive operating cash flow in the past year.
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
IBN has a Return On Assets of 1.93%. This is amongst the best in the industry. IBN outperforms 96.21% of its industry peers.
IBN has a better Return On Equity (16.26%) than 94.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.93% | ||
| ROE | 16.26% | ||
| ROIC | N/A |
ROA(3y)1.85%
ROA(5y)1.63%
ROE(3y)16.47%
ROE(5y)14.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
IBN has a Profit Margin (24.82%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of IBN has grown nicely.
The Operating Margin and Gross Margin are not available for IBN so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 24.82% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.78%
PM growth 5Y22.23%
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.
Compared to 1 year ago, IBN has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of IBN is 1.85, which is an excellent value as it means it would take IBN, only 1.85 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.85, IBN is in line with its industry, outperforming 51.52% of the companies in the same industry.
A Debt/Equity ratio of 0.70 indicates that IBN is somewhat dependend on debt financing.
IBN has a Debt to Equity ratio of 0.70. This is amonst the worse of the industry: IBN underperforms 82.32% 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 | 0.7 | ||
| Debt/FCF | 1.85 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC4.41%
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 nice 14.97% over the past year.
The Earnings Per Share has been growing by 40.43% on average over the past years. This is a very strong growth
IBN shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.94%.
Measured over the past years, IBN shows a quite strong growth in Revenue. The Revenue has been growing by 14.35% on average per year.
EPS 1Y (TTM)14.97%
EPS 3Y25.97%
EPS 5Y40.43%
EPS Q2Q%17.41%
Revenue 1Y (TTM)26.94%
Revenue growth 3Y20.88%
Revenue growth 5Y14.35%
Sales Q2Q%11%
3.2 Future
The Earnings Per Share is expected to grow by 11.60% on average over the next years. This is quite good.
The Revenue is expected to grow by 15.15% on average over the next years. This is quite good.
EPS Next Y9.59%
EPS Next 2Y11.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11%
Revenue Next 2Y12.77%
Revenue Next 3Y15.15%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.29, IBN is valued on the expensive side.
IBN's Price/Earnings ratio is rather expensive when compared to the industry. IBN is more expensive than 81.31% of the companies in the same industry.
IBN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.04.
With a Price/Forward Earnings ratio of 20.30, IBN is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IBN indicates a slightly more expensive valuation: IBN is more expensive than 79.04% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.64, IBN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.29 | ||
| Fwd PE | 20.3 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, IBN is valued a bit cheaper than the industry average as 74.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.9 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.32
PEG (5Y)0.55
EPS Next 2Y11.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.74%, IBN is not a good candidate for dividend investing.
With a Dividend Yield of 0.74, IBN pays less dividend than the industry average, which is at 3.36. 84.34% of the companies listed in the same industry pay a better dividend than IBN!
Compared to an average S&P500 Dividend Yield of 2.31, IBN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
5.2 History
The dividend of IBN is nicely growing with an annual growth rate of 48.58%!
IBN has been paying a dividend for at least 10 years, so it has a reliable track record.
IBN has decreased its dividend recently.
Dividend Growth(5Y)48.58%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
13.80% of the earnings are spent on dividend by IBN. This is a low number and sustainable payout ratio.
IBN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.8%
EPS Next 2Y11.6%
EPS Next 3YN/A
34.1
-0.15 (-0.44%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners51.7%
Inst Owner Change0.11%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap121.68B
Analysts87.44
Price Target38.83 (13.87%)
Short Float %0.64%
Short Ratio4.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
Yearly Dividend0.23
Dividend Growth(5Y)48.58%
DP13.8%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.25%
Min EPS beat(2)1.18%
Max EPS beat(2)3.31%
EPS beat(4)4
Avg EPS beat(4)3.19%
Min EPS beat(4)1.18%
Max EPS beat(4)4.73%
EPS beat(8)8
Avg EPS beat(8)3.57%
EPS beat(12)9
Avg EPS beat(12)2.36%
EPS beat(16)11
Avg EPS beat(16)1.24%
Revenue beat(2)0
Avg Revenue beat(2)-1.89%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-1.6%
Revenue beat(4)0
Avg Revenue beat(4)-2.37%
Min Revenue beat(4)-4.62%
Max Revenue beat(4)-1.11%
Revenue beat(8)2
Avg Revenue beat(8)3.12%
Revenue beat(12)6
Avg Revenue beat(12)43.15%
Revenue beat(16)10
Avg Revenue beat(16)68.09%
PT rev (1m)-0.28%
PT rev (3m)8.5%
EPS NQ rev (1m)1.22%
EPS NQ rev (3m)3.27%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)-0.32%
Revenue NQ rev (1m)2.2%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.29 | ||
| Fwd PE | 20.3 | ||
| P/S | 5.11 | ||
| P/FCF | 8.9 | ||
| P/OCF | 8.56 | ||
| P/B | 3.35 | ||
| P/tB | 3.44 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.53
EY4.49%
EPS(NY)1.68
Fwd EY4.93%
FCF(TTM)3.83
FCFY11.23%
OCF(TTM)3.98
OCFY11.68%
SpS6.67
BVpS10.18
TBVpS9.91
PEG (NY)2.32
PEG (5Y)0.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.93% | ||
| ROE | 16.26% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.82% | ||
| GM | N/A | ||
| FCFM | 57.42% |
ROA(3y)1.85%
ROA(5y)1.63%
ROE(3y)16.47%
ROE(5y)14.97%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.78%
PM growth 5Y22.23%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 1.85 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 177.3% | ||
| Cap/Sales | 2.32% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 231.31% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC4.41%
ROIC/WACCN/A
Cap/Depr(3y)170.52%
Cap/Depr(5y)150.4%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.97%
EPS 3Y25.97%
EPS 5Y40.43%
EPS Q2Q%17.41%
EPS Next Y9.59%
EPS Next 2Y11.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)26.94%
Revenue growth 3Y20.88%
Revenue growth 5Y14.35%
Sales Q2Q%11%
Revenue Next Year11%
Revenue Next 2Y12.77%
Revenue Next 3Y15.15%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.54%
FCF growth 3Y28.45%
FCF growth 5Y8.72%
OCF growth 1Y-22.3%
OCF growth 3Y28.74%
OCF growth 5Y9.07%