ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
Overall IBN gets a fundamental rating of 4 out of 10. We evaluated IBN against 411 industry peers in the Banks industry. IBN has a medium profitability rating, but doesn't score so well on its financial health evaluation. IBN is valued quite expensive, but it does show an excellent growth.
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.
Of the past 5 years IBN 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of IBN (1.87%) is better than 94.90% of its industry peers.
IBN has a better Return On Equity (17.28%) than 94.90% of its industry peers.
| Industry Rank | Sector 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 70.63% of its industry peers.
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) | 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
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
IBN has more shares outstanding than it did 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.
With a decent Debt to FCF ratio value of 1.34, IBN is doing good in the industry, outperforming 71.36% of the companies in the same industry.
IBN has a Debt/Equity ratio of 0.81. This is a neutral value indicating IBN is somewhat dependend on debt financing.
The Debt to Equity ratio of IBN (0.81) is worse than 80.34% 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 | 0.81 | ||
| Debt/FCF | 1.34 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.75%
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 27.68% over the past year.
The Earnings Per Share has been growing by 61.93% on average over the past years. This is a very strong growth
The Revenue has grown by 19.39% in the past year. This is quite good.
Measured over the past years, IBN shows a quite strong growth in Revenue. The Revenue has been growing by 11.94% on average per year.
EPS 1Y (TTM)27.68%
EPS 3Y34.49%
EPS 5Y61.93%
EPS growth Q2Q16.84%
Revenue 1Y (TTM)19.39%
Revenue growth 3Y10.91%
Revenue growth 5Y11.94%
Revenue growth Q2Q-51.59%
3.2 Future
The Earnings Per Share is expected to grow by 11.10% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.63% on average over the next years. This is quite good.
EPS Next Y8.73%
EPS Next 2Y11.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.39%
Revenue Next 2Y13.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 19.44, IBN is valued on the expensive side.
Based on the Price/Earnings ratio, IBN is valued expensively inside the industry as 83.98% of the companies are valued cheaper.
IBN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.60.
A Price/Forward Earnings ratio of 17.87 indicates a rather expensive valuation of IBN.
IBN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IBN is more expensive than 77.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (20.15), we can say IBN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 17.87 |
4.2 Price Multiples
IBN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IBN is cheaper than 88.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.16 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IBN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.23
PEG (5Y)0.31
EPS Next 2Y11.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.88%, IBN is not a good candidate for dividend investing.
With a Dividend Yield of 0.88, IBN pays less dividend than the industry average, which is at 3.65. 84.47% of the companies listed in the same industry pay a better dividend than IBN!
With a Dividend Yield of 0.88, IBN pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
5.2 History
On average, the dividend of IBN grows each year by 34.51%, which is quite nice.
IBN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)34.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
12.65% 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.
DP12.65%
EPS Next 2Y11.1%
EPS Next 3YN/A
ICICI BANK LTD-SPON ADR
NYSE:IBN (5/17/2024, 7:05:12 PM)
After market: 27.21 0 (0%)27.21
+0.11 (+0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap95.58B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 19.44 | ||
| Fwd PE | 17.87 | ||
| 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)2.23
PEG (5Y)0.31
Profitability
| Industry Rank | Sector 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 Rank | Sector 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)
Growth
EPS 1Y (TTM)27.68%
EPS 3Y34.49%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.39%
Revenue growth 3Y10.91%
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