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State Bank of India

LSE:SBID
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBID
LSE
₹2,774B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The last earnings update was 79 days ago. More info.


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SBID Share Price and Events
7 Day Returns
-1.7%
LSE:SBID
1%
GB Banks
0.6%
GB Market
1 Year Returns
22.7%
LSE:SBID
-8.7%
GB Banks
1.1%
GB Market
SBID Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
State Bank of India (SBID) -1.7% 4% 8.3% 22.7% 49.2% 31.2%
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • SBID outperformed the Banks industry which returned -8.7% over the past year.
  • SBID outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
SBID
Industry
5yr Volatility vs Market

Value

 Is State Bank of India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of State Bank of India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for State Bank of India.

LSE:SBID Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 28 analysts.
= Stable Book Value * Return on Equity
= ₹277.84 * 12.2%
₹33.95
Book Value of Equity per Share Weighted future Book Value estimates from 25 analysts. ₹277.84
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:SBID
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 35%) (137.74%))
1.083
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.083 * 8.6%)
10.54%

Discounted Cash Flow Calculation for LSE:SBID using Excess Returns Model Model

The calculations below outline how an intrinsic value for State Bank of India is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:SBID Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.2% – 10.54%) * ₹277.84)
₹4.67
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹4.67 / (10.54% - 1.23%)
₹50.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹277.84 + ₹50.09
₹327.94
LSE:SBID Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:SBID represents 0.1435x of NSEI:SBIN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1435x
Value per Share
(Listing Adjusted, USD)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 327.94 x 0.1435
$47.06
Value per share (USD) From above. $47.06
Current discount Discount to share price of $44.60
= -1 x ($44.60 - $47.06) / $47.06
5.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price State Bank of India is available for.
Intrinsic value
5%
Share price is $44.6 vs Future cash flow value of $47.06
Current Discount Checks
For State Bank of India to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • State Bank of India's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • State Bank of India's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for State Bank of India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are State Bank of India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SBID PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-7.32
NSEI:SBIN Share Price ** NSEI (2019-04-18) in INR ₹310.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of State Bank of India.

LSE:SBID PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SBIN Share Price ÷ EPS (both in INR)

= 310.8 ÷ -7.32

-42.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • State Bank of India is loss making, we can't compare its value to the GB Banks industry average.
  • State Bank of India is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does State Bank of India's expected growth come at a high price?
Raw Data
LSE:SBID PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -42.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts
58.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for State Bank of India, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on State Bank of India's assets?
Raw Data
LSE:SBID PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹260.55
NSEI:SBIN Share Price * NSEI (2019-04-18) in INR ₹310.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:SBID PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SBIN Share Price ÷ Book Value per Share (both in INR)

= 310.8 ÷ 260.55

1.19x

* Primary Listing of State Bank of India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • State Bank of India is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess State Bank of India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. State Bank of India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is State Bank of India expected to perform in the next 1 to 3 years based on estimates from 28 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
58.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is State Bank of India expected to grow at an attractive rate?
  • State Bank of India's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • State Bank of India's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • State Bank of India's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SBID Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SBID Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts 58.1%
LSE:SBID Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 28 Analysts 13.2%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:SBID Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SBID Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,894,586 520,746 1
2021-03-31 1,610,136 326,569 22
2020-03-31 1,432,559 247,809 25
2019-03-31 1,242,601 52,049 21
LSE:SBID Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,069,300 -64,869
2018-09-30 875,249 -130,826
2018-06-30 779,015 -118,186
2018-03-31 839,095 -2,178,998 -45,563
2017-12-31 839,080 80
2017-09-30 905,880 40,468
2017-06-30 925,472 22,271
2017-03-31 882,347 -2,685,471 2,412
2016-12-31 889,439 44,788
2016-09-30 846,009 35,860
2016-06-30 889,133 85,570
2016-03-31 924,840 -1,864,201 122,246

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • State Bank of India's earnings are expected to grow significantly at over 20% yearly.
  • State Bank of India's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:SBID Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below

All data from State Bank of India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SBID Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 55.40 55.40 55.40 1.00
2021-03-31 36.97 53.00 23.80 25.00
2020-03-31 27.44 38.00 15.50 29.00
2019-03-31 5.48 9.04 2.80 22.00
LSE:SBID Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -7.32
2018-09-30 -14.92
2018-06-30 -13.56
2018-03-31 -5.34
2017-12-31 0.01
2017-09-30 4.98
2017-06-30 2.81
2017-03-31 0.31
2016-12-31 5.79
2016-09-30 4.62
2016-06-30 11.10
2016-03-31 15.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • State Bank of India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess State Bank of India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
State Bank of India has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has State Bank of India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare State Bank of India's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • State Bank of India does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare State Bank of India's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare State Bank of India's 1-year growth to the GB Banks industry average as it is not currently profitable.
Earnings and Revenue History
State Bank of India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from State Bank of India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SBID Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,069,299.99 -64,868.60 590,863.56
2018-09-30 875,249.49 -130,825.80 563,416.86
2018-06-30 779,014.99 -118,186.10 542,211.06
2018-03-31 839,094.59 -45,562.90 520,920.86
2017-12-31 839,080.07 80.43 493,030.56
2017-09-30 905,880.47 40,468.43 495,800.96
2017-06-30 925,472.47 22,271.13 501,044.26
2017-03-31 882,347.09 2,412.33 500,832.66
2016-12-31 889,438.69 44,787.65 480,402.86
2016-09-30 846,009.29 35,860.25 466,842.76
2016-06-30 889,133.49 85,570.25 458,221.66
2016-03-31 924,840.03 122,245.95 453,326.96
2015-12-31 981,719.67 156,588.69 438,404.16
2015-09-30 1,013,027.47 182,275.79 435,620.16
2015-06-30 983,056.37 172,597.19 430,377.76
2015-03-31 990,672.67 169,942.99 427,690.16
2014-12-31 945,657.01 162,640.15 407,421.13
2014-09-30 924,515.81 152,744.35 407,262.43
2014-06-30 886,274.91 143,233.65 410,149.53
2014-03-31 846,824.31 141,737.75 408,501.63
2013-12-31 804,097.11 140,277.31 375,722.67
2013-09-30 785,533.71 158,375.51 356,374.77
2013-06-30 806,433.61 173,400.91 353,096.41
2013-03-31 786,656.61 179,162.31 335,469.11
2012-12-31 846,770.88 191,405.70 308,906.58
2012-09-30 808,552.84 188,102.10 296,238.76
2012-06-30 754,233.08 177,053.30 300,971.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if State Bank of India has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if State Bank of India has efficiently used its assets last year compared to the GB Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if State Bank of India improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess State Bank of India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
State Bank of India has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is State Bank of India's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of State Bank of India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from State Bank of India Company Filings, last reported 3 months ago.

LSE:SBID Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,378,805.50 3,820,480.00 1,459,832.50
2018-09-30 2,348,324.10 3,398,149.40 1,302,214.60
2018-06-30 2,316,476.40 2,711,446.30 1,287,704.10
2018-03-31 2,349,371.91 3,690,793.39 603,156.79
2017-12-31 2,326,163.10 2,702,119.40 1,290,234.60
2017-09-30 2,464,957.50 2,549,058.60 1,296,390.00
2017-06-30 2,431,696.20 2,426,878.50 1,375,981.60
2017-03-31 2,236,727.95 3,363,656.65 1,271,208.03
2016-12-31 2,250,668.50 2,876,057.60 1,346,205.50
2016-09-30 2,221,853.20 2,633,851.10 1,124,923.40
2016-06-30 2,202,290.40 2,477,459.90 1,054,214.70
2016-03-31 1,868,597.71 3,613,993.91 619,219.22
2015-12-31 1,880,217.50 2,531,409.30 1,030,944.40
2015-09-30 1,866,788.80 2,554,955.50 1,001,915.90
2015-06-30 1,758,037.50 2,423,931.80 1,004,009.00
2015-03-31 1,668,846.60 2,446,634.67 619,471.37
2014-12-31 1,660,850.70 2,200,618.80 920,569.60
2014-09-30 1,617,717.00 2,251,354.20 931,057.40
2014-06-30 1,571,376.20 2,257,746.40 951,434.80
2014-03-31 1,522,796.87 2,237,597.10 679,148.86
2013-12-31 1,421,306.80 2,314,124.50 863,872.00
2013-09-30 1,412,279.20 2,272,146.70 817,508.40
2013-06-30 1,362,287.40 2,093,533.70 792,214.90
2013-03-31 1,292,868.83 2,037,369.47 692,230.43
2012-12-31 1,263,204.20 1,785,414.80 725,499.70
2012-09-30 1,204,584.80 1,741,947.00 875,453.20
2012-06-30 1,099,556.82 1,579,992.60 614,736.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • State Bank of India has an acceptable proportion of non-loan assets held.
  • State Bank of India's liabilities are made up of primarily low risk sources of funding.
  • Loans at State Bank of India are broadly funded by customer deposits.
  • State Bank of India's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if State Bank of India has a sufficient allowance for bad loans without relevant financial data.
  • State Bank of India has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess State Bank of India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. State Bank of India has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is State Bank of India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from State Bank of India dividends. Estimated to be 1.41% next year.
If you bought $2,000 of State Bank of India shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate State Bank of India's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate State Bank of India's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:SBID Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:SBID Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 4.00 1.00
2021-03-31 5.02 23.00
2020-03-31 3.78 23.00
2019-03-31 2.35 13.00
LSE:SBID Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-01 0.000 0.000
2018-11-05 0.000 0.000
2018-08-10 0.000 0.000
2018-06-05 0.000 0.000
2018-05-22 0.000 0.000
2017-05-19 2.600 0.927
2016-05-27 2.600 1.027
2015-05-22 3.500 1.605
2014-05-23 3.000 1.092
2014-02-14 3.000 1.619
2013-05-23 4.150 2.396
2012-08-10 3.500 1.595
2012-08-08 3.500 1.777
2012-07-25 3.500 1.730
2012-05-18 3.500 1.647
2012-04-25 3.500 1.773
2011-05-17 3.000 1.472
2011-01-31 0.000 0.000
2010-06-17 3.000 1.079
2010-01-25 2.000 0.945
2009-05-11 2.900 1.504
2009-04-22 2.150 1.653

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as State Bank of India has not reported any payouts.
  • Unable to verify if State Bank of India's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of State Bank of India's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as State Bank of India has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (12x coverage).
X
Income/ dividend checks
We assess State Bank of India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can State Bank of India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. State Bank of India has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of State Bank of India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • State Bank of India has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the State Bank of India management team in years:

2.7
Average Tenure
58
Average Age
  • The tenure for the State Bank of India management team is about average.
Management Team

Parveen Gupta

TITLE
MD of Retail & Digital Banking and Director
COMPENSATION
₹3M
AGE
58
TENURE
3.4 yrs

Dinesh Khara

TITLE
MD of Risk
COMPENSATION
₹3M
AGE
57

Prashant Kumar

TITLE
Deputy MD & CFO
TENURE
0.6 yrs

Neeraj Vyas

TITLE
Deputy MD & COO
AGE
59

Mahindra Kumar

TITLE
Deputy GM

Sanjay Abhyankar

TITLE
VP of Compliance
TENURE
2.7 yrs

S. M. Shahab

TITLE
Ex-Officio Chief General Manager of Bengaluru

Arijit Basu

TITLE
Managing Director of Corporate Clients Group & IT and Director
AGE
58
TENURE
0.8 yrs

Siddhartha Sengupta

TITLE
Deputy Managing Director of International Banking Group
TENURE
4.9 yrs

Anshula Kant

TITLE
MD of Stressed Assets
Board of Directors Tenure

Average tenure and age of the State Bank of India board of directors in years:

3
Average Tenure
60
Average Age
  • The average tenure for the State Bank of India board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rajnish Kumar

TITLE
Chairman of the Board
COMPENSATION
₹3M
AGE
60
TENURE
1.5 yrs

Parveen Gupta

TITLE
MD of Retail & Digital Banking and Director
COMPENSATION
₹3M
AGE
58
TENURE
3.4 yrs

Dinesh Khara

TITLE
MD of Risk
COMPENSATION
₹3M
AGE
57
TENURE
2.7 yrs

Arijit Basu

TITLE
Managing Director of Corporate Clients Group & IT and Director
AGE
58

Anshula Kant

TITLE
MD of Stressed Assets

Sanjiv Malhotra

TITLE
Independent Director
COMPENSATION
₹790K
AGE
67
TENURE
4.8 yrs

Girish Ahuja

TITLE
Director
COMPENSATION
₹360K
AGE
72
TENURE
3.3 yrs

Pushpendra Rai

TITLE
Director
COMPENSATION
₹790K
AGE
65
TENURE
3.3 yrs

Bhaskar Pramanik

TITLE
Director
AGE
67
TENURE
1.8 yrs

Rajiv Kumar

TITLE
Director
COMPENSATION
₹15K
AGE
58
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess State Bank of India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. State Bank of India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking services, including current accounts, savings accounts, term deposits, and recurring deposits; home, auto, education, and personal loans, as well as loans against property and securities; and wealth management, mobile and Internet banking, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, pension policy, and mobile wallet services, as well as cards and inflation indexed national savings securities cumulative bonds. The company also offers corporate banking services comprising corporate accounts, working capital and project finance, term loans, deferred payment guarantees, corporate loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms overseas subsidiaries or JVs, and cash management products, as well as export and cash and letters of credit products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and credit cards, insurance, mutual funds, merchant banking, trustee business, factoring, security trading, pension fund management, and custodial services, as well as primary dealership services in the money market. It operates 22,414 branches and 59,541 ATMs. The company was founded in 1806 and is headquartered in Mumbai, India.

Details
Name: State Bank of India
SBID
Exchange: LSE
Founded: 1806
₹39,976,497,294
8,924,611,534
Website: http://www.sbi.co.in
Address: State Bank of India
State Bank Bhavan,
Corporate Centre,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SBIN Equity Shares National Stock Exchange of India IN INR 01. Mar 1995
BSE 500112 Equity Shares Mumbai Stock Exchange IN INR 01. Mar 1995
LSE SBID GDR-EACH REPR 10 EQT SHS INR1(REG S) London Stock Exchange GB USD 04. Oct 1996
OTCPK SBKF.F GDR-EACH REPR 10 EQT SHS INR1(REG S) Pink Sheets LLC US USD 04. Oct 1996
DB SID GDR-EACH REPR 10 EQT SHS INR1(REG S) Deutsche Boerse AG DE EUR 04. Oct 1996
Number of employees
Current staff
Staff numbers
264,041
State Bank of India employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:44
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.