ICICI BANK LTD-SPON ADR (IBN)

US45104G1040 - ADR

26.99  +0.64 (+2.43%)

After market: 26.94 -0.05 (-0.19%)

Fundamental Rating

4

Overall IBN gets a fundamental rating of 4 out of 10. We evaluated IBN against 410 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.



4

1. Profitability

1.1 Basic Checks

In the past year IBN was profitable.
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

Looking at the Return On Assets, with a value of 1.87%, IBN belongs to the top of the industry, outperforming 94.88% of the companies in the same industry.
The Return On Equity of IBN (17.28%) is better than 95.37% of its industry peers.
Industry RankSector 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 71.46% of its industry peers.
IBN's Profit Margin has improved in the last couple of years.
IBN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector 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

3

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.
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 1.34. This is a very positive value and a sign of high solvency as it would only need 1.34 years to pay back of all of its debts.
The Debt to FCF ratio of IBN (1.34) is better than 71.46% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that IBN is somewhat dependend on debt financing.
IBN has a worse Debt to Equity ratio (0.81) than 80.24% 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 RankSector Rank
Debt/Equity 0.81
Debt/FCF 1.34
Altman-Z N/A
ROIC/WACCN/A
WACC8.54%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 27.68% over the past year.
Measured over the past years, IBN shows a very strong growth in Earnings Per Share. The EPS has been growing by 61.93% on average per year.
Looking at the last year, IBN shows a quite strong growth in Revenue. The Revenue has grown by 19.39% in the last year.
IBN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.94% yearly.
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

The Earnings Per Share is expected to grow by 12.82% on average over the next years. This is quite good.
IBN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.10% yearly.
EPS Next Y11.6%
EPS Next 2Y13.06%
EPS Next 3Y12.82%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.28, IBN is valued on the expensive side.
Based on the Price/Earnings ratio, IBN is valued more expensive than 83.66% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.73. IBN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 17.33, which indicates a rather expensive current valuation of IBN.
IBN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IBN is more expensive than 76.34% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (20.21), we can say IBN is valued inline with the index average.
Industry RankSector Rank
PE 19.28
Fwd PE 17.33

4.2 Price Multiples

IBN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IBN is cheaper than 88.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.14
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 12.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.66
PEG (5Y)0.31
EPS Next 2Y13.06%
EPS Next 3Y12.82%

3

5. Dividend

5.1 Amount

IBN has a yearly dividend return of 0.90%, which is pretty low.
Compared to an average industry Dividend Yield of 3.93, IBN's dividend is way lower than its industry peers. On top of this 85.12% of the companies listed in the same industry pay a better dividend than IBN!
With a Dividend Yield of 0.90, IBN pays less dividend than the S&P500 average, which is at 2.39.
Industry RankSector Rank
Dividend Yield 0.9%

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 3Y12.82%

ICICI BANK LTD-SPON ADR

NYSE:IBN (6/18/2024, 7:04:00 PM)

After market: 26.94 -0.05 (-0.19%)

26.99

+0.64 (+2.43%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap94.89B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 0.9%
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)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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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 RankSector Rank
PE 19.28
Fwd PE 17.33
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)1.66
PEG (5Y)0.31
Profitability
Industry RankSector 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 RankSector 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