ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
IBN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 404 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 not priced too expensively while it is growing strongly. Keep and eye on this one!
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
IBN has a better Return On Assets (1.88%) than 95.01% of its industry peers.
IBN's Return On Equity of 16.91% is amongst the best of the industry. IBN outperforms 95.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 16.91% | ||
| 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
IBN has a better Profit Margin (25.79%) than 66.83% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.79% | ||
| 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.
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.
Compared to 1 year ago, IBN has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of IBN is 1.11, which is an excellent value as it means it would take IBN, only 1.11 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of IBN (1.11) is better than 76.31% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that IBN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.78, IBN is not doing good in the industry: 81.80% 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 | 0.78 | ||
| Debt/FCF | 1.11 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.62%
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 27.68%, which is quite impressive.
IBN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 61.93% yearly.
IBN shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.93%.
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%18.21%
Revenue 1Y (TTM)22.93%
Revenue growth 3Y10.91%
Revenue growth 5Y11.94%
Sales Q2Q%177.02%
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 13.36% yearly.
The Revenue is expected to grow by 13.35% on average over the next years. This is quite good.
EPS Next Y14.89%
EPS Next 2Y13.26%
EPS Next 3Y13.36%
EPS Next 5YN/A
Revenue Next Year11.84%
Revenue Next 2Y12.78%
Revenue Next 3Y13.35%
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.
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
IBN is valuated rather expensively with a Price/Earnings ratio of 21.61.
Based on the Price/Earnings ratio, IBN is valued a bit more expensive than the industry average as 78.80% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of IBN to the average of the S&P500 Index (28.96), we can say IBN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 16.82, IBN is valued correctly.
Based on the Price/Forward Earnings ratio, IBN is valued a bit more expensive than the industry average as 71.32% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of IBN to the average of the S&P500 Index (23.82), we can say IBN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.61 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
IBN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IBN is cheaper than 93.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.47 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
IBN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as IBN's earnings are expected to grow with 13.36% in the coming years.
PEG (NY)1.45
PEG (5Y)0.35
EPS Next 2Y13.26%
EPS Next 3Y13.36%
5. Dividend
5.1 Amount
IBN has a yearly dividend return of 0.80%, which is pretty low.
Compared to an average industry Dividend Yield of 3.02, IBN's dividend is way lower than its industry peers. On top of this 84.29% of the companies listed in the same industry pay a better dividend than IBN!
Compared to an average S&P500 Dividend Yield of 2.23, IBN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
The dividend of IBN is nicely growing with an annual growth rate of 34.51%!
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)34.51%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
IBN pays out 14.87% 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.
DP14.87%
EPS Next 2Y13.26%
EPS Next 3Y13.36%
ICICI BANK LTD-SPON ADR
NYSE:IBN (11/21/2024, 8:04:00 PM)
After market: 29.8499 +0.03 (+0.1%)29.82
+0.09 (+0.3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap105.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.61 | ||
| Fwd PE | 16.82 | ||
| 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)1.45
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 16.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 25.79% | ||
| 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 | 0.78 | ||
| 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 Y14.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)22.93%
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