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 395 industry peers in the Banks industry. There are concerns on the financial health of IBN while its profitability can be described as average. 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.
In the past year IBN had a positive cash flow from operations.
Each year in the past 5 years IBN has been profitable.
IBN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of IBN (1.93%) is better than 96.20% of its industry peers.
IBN's Return On Equity of 16.26% is amongst the best of the industry. IBN outperforms 94.68% 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
The Profit Margin of IBN (24.82%) is comparable to the rest of the industry.
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) | 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.
Compared to 1 year ago, IBN has more shares outstanding
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.
With a Debt to FCF ratio value of 1.85, IBN perfoms like the industry average, outperforming 51.39% of the companies in the same industry.
IBN has a Debt/Equity ratio of 0.70. This is a neutral value indicating IBN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.70, IBN is not doing good in the industry: 82.28% of the companies in the same industry are doing better.
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
WACC4.39%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
IBN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.97%, which is quite good.
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%.
IBN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.35% yearly.
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
IBN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.60% yearly.
IBN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.15% yearly.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.39, which indicates a rather expensive current valuation of IBN.
IBN's Price/Earnings ratio is rather expensive when compared to the industry. IBN is more expensive than 80.51% of the companies in the same industry.
IBN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.53, the valuation of IBN can be described as rather expensive.
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 78.23% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (21.46), we can say IBN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.39 | ||
| Fwd PE | 19.53 |
4.2 Price Multiples
73.67% of the companies in the same industry are more expensive than IBN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.56 | ||
| 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)2.23
PEG (5Y)0.53
EPS Next 2Y11.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.55%, IBN is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.61, IBN's dividend is way lower than its industry peers. On top of this 85.57% of the companies listed in the same industry pay a better dividend than IBN!
Compared to an average S&P500 Dividend Yield of 2.43, IBN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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
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 3YN/A
NYSE:IBN (6/25/2025, 3:47:04 PM)
32.945
+0.05 (+0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners51.7%
Inst Owner Change7.58%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap117.50B
Analysts87.44
Price Target38.24 (16.07%)
Short Float %0.64%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
Yearly Dividend0.23
Dividend Growth(5Y)48.58%
DP13.8%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)-2.46%
PT rev (3m)8.59%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)-0.48%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-1.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.39 | ||
| Fwd PE | 19.53 | ||
| P/S | 4.92 | ||
| P/FCF | 8.56 | ||
| P/OCF | 8.23 | ||
| P/B | 3.22 | ||
| P/tB | 3.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.54
EY4.67%
EPS(NY)1.69
Fwd EY5.12%
FCF(TTM)3.85
FCFY11.68%
OCF(TTM)4
OCFY12.15%
SpS6.7
BVpS10.23
TBVpS9.96
PEG (NY)2.23
PEG (5Y)0.53
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)14.97%
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%