ICICI BANK LTD-SPON ADR (IBN) Stock Fundamental Analysis
NYSE:IBN - US45104G1040 - ADR
32.72 USD
-0.61 (-1.83%)
32.7 USD
-0.02 (-0.06%)
We assign a fundamental rating of 4 out of 10 to IBN. IBN was compared to 393 industry peers in the Banks industry. IBN has a medium profitability rating, but doesn't score so well on its financial health evaluation. IBN shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year IBN was profitable.
In the past year IBN had a positive cash flow from operations.
IBN had positive earnings in each of the past 5 years.
IBN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
IBN has a Return On Assets of 1.93%. This is amongst the best in the industry. IBN outperforms 96.44% of its industry peers.
IBN has a better Return On Equity (16.26%) than 95.67% 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
With a Profit Margin value of 24.82%, IBN perfoms like the industry average, outperforming 57.00% of the companies in the same industry.
IBN's Profit Margin has improved in the last couple of years.
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.
IBN has a better debt/assets ratio than last year.
2.2 Solvency
IBN has a debt to FCF ratio of 1.85. This is a very positive value and a sign of high solvency as it would only need 1.85 years to pay back of 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 52.42% 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 81.42% of its industry peers.
Although IBN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 1.85 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC4.39%
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 14.90% 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
Looking at the last year, IBN shows a very strong growth in Revenue. The Revenue has grown by 22.36%.
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)14.9%
EPS 3Y25.97%
EPS 5Y40.43%
EPS Q2Q%14.04%
Revenue 1Y (TTM)22.36%
Revenue growth 3Y20.88%
Revenue growth 5Y14.35%
Sales Q2Q%10.65%
3.2 Future
The Earnings Per Share is expected to grow by 10.91% on average over the next years. This is quite good.
IBN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.71% yearly.
EPS Next Y9.59%
EPS Next 2Y11.6%
EPS Next 3Y10.91%
EPS Next 5YN/A
Revenue Next Year8.63%
Revenue Next 2Y11.88%
Revenue Next 3Y23.71%
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 20.71.
IBN's Price/Earnings ratio is rather expensive when compared to the industry. IBN is more expensive than 81.42% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.24, IBN is valued a bit cheaper.
With a Price/Forward Earnings ratio of 17.13, IBN is valued on the expensive side.
IBN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IBN is more expensive than 76.84% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (35.82), we can say IBN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.71 | ||
| Fwd PE | 17.13 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, IBN is valued a bit cheaper than the industry average as 75.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.63 | ||
| 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)2.16
PEG (5Y)0.51
EPS Next 2Y11.6%
EPS Next 3Y10.91%
5. Dividend
5.1 Amount
With a yearly dividend of 0.76%, IBN is not a good candidate for dividend investing.
With a Dividend Yield of 0.76, IBN pays less dividend than the industry average, which is at 3.41. 85.24% of the companies listed in the same industry pay a better dividend than IBN!
With a Dividend Yield of 0.76, IBN pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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.
The dividend of IBN decreased recently.
Dividend Growth(5Y)48.58%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
IBN pays out 13.80% of its income as dividend. This is a 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 3Y10.91%
32.72
-0.61 (-1.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners51.7%
Inst Owner Change-6.29%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap116.80B
Analysts87.91
Price Target39.74 (21.45%)
Short Float %0.62%
Short Ratio5.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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)1.15%
PT rev (3m)-1.34%
EPS NQ rev (1m)5.29%
EPS NQ rev (3m)6.49%
EPS NY rev (1m)1.08%
EPS NY rev (3m)0.97%
Revenue NQ rev (1m)4.1%
Revenue NQ rev (3m)6.39%
Revenue NY rev (1m)-2.13%
Revenue NY rev (3m)-2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.71 | ||
| Fwd PE | 17.13 | ||
| P/S | 4.96 | ||
| P/FCF | 8.63 | ||
| P/OCF | 8.3 | ||
| P/B | 3.25 | ||
| P/tB | 3.34 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.58
EY4.83%
EPS(NY)1.91
Fwd EY5.84%
FCF(TTM)3.79
FCFY11.58%
OCF(TTM)3.94
OCFY12.05%
SpS6.6
BVpS10.08
TBVpS9.81
PEG (NY)2.16
PEG (5Y)0.51
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
WACC4.39%
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)14.9%
EPS 3Y25.97%
EPS 5Y40.43%
EPS Q2Q%14.04%
EPS Next Y9.59%
EPS Next 2Y11.6%
EPS Next 3Y10.91%
EPS Next 5YN/A
Revenue 1Y (TTM)22.36%
Revenue growth 3Y20.88%
Revenue growth 5Y14.35%
Sales Q2Q%10.65%
Revenue Next Year8.63%
Revenue Next 2Y11.88%
Revenue Next 3Y23.71%
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%