I Ran A Stock Scan For Earnings Growth And ICICI Bank (NSE:ICICIBANK) Passed With Ease
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Has the Indian Financials Sector valuation changed over the past few years?
|Sat, 27 Nov 2021||₹57.1t||₹15.6t||₹2.4t||16.8x|
|Mon, 25 Oct 2021||₹62.2t||₹14.9t||₹2.3t||18.3x|
|Wed, 22 Sep 2021||₹58.7t||₹14.7t||₹2.3t||17.6x|
|Fri, 20 Aug 2021||₹54.5t||₹14.7t||₹2.3t||16.4x|
|Fri, 04 Jun 2021||₹53.0t||₹14.2t||₹2.2t||17.1x|
|Mon, 08 Mar 2021||₹51.0t||₹12.5t||₹1.8t||15x|
|Thu, 10 Dec 2020||₹43.1t||₹11.5t||₹1.6t||15x|
|Wed, 02 Sep 2020||₹35.0t||₹10.8t||₹1.5t||14.9x|
|Sat, 06 Jun 2020||₹27.9t||₹10.4t||₹1.5t||15.5x|
|Tue, 10 Mar 2020||₹39.8t||₹11.4t||₹1.6t||14.6x|
|Mon, 02 Dec 2019||₹42.7t||₹10.8t||₹1.4t||13.8x|
|Thu, 05 Sep 2019||₹36.0t||₹10.1t||₹1.3t||14.9x|
|Sun, 09 Jun 2019||₹40.0t||₹9.5t||₹1.1t||23.3x|
|Sat, 02 Mar 2019||₹33.7t||₹9.1t||₹870.1b||15x|
|Tue, 04 Dec 2018||₹34.2t||₹8.7t||₹814.3b||17x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 15.9x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 44% per year over the last three years, and revenues for these companies have grown 22% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Indian Financials sector?
Industry PE: Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 58.2x. This is likely because analysts are expecting annual earnings growth of 28%, which is higher than its past year's earnings decline of 16% per year. Meanwhile, investors are most pessimistic about the Capital Markets industry, which is trading close to its 3-year average of 15.5x.
Forecasted Growth: Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 29% over the next 5 years. This is better than it's past earnings growth rate of 11% per year. Meanwhile, the Capital Markets industry is expected to see its earnings grow by 10% per year over the next few years.
Which companies have driven the market over the last 7 days?
Indiabulls Housing Finance
Housing Development Finance
Aditya Birla Sun Life AMC
Kotak Mahindra Bank
State Bank of India
PNB Housing Finance
Bajaj Holdings & Investment
Aditya Birla Capital
Indian Overseas Bank
Central Bank of India