Bank of Baroda (BSE:532134) - Share price, News & Analysis

532134 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	3/6

532134 Stock Overview

Bank of Baroda provides various banking products and services to individuals, government departments, and corporate customers.

Rewards

Price-To-Earnings ratio (6.7x) is below the Indian market (20.5x)

Earnings grew by 407.2% over the past year

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Bank of Baroda Competitors

Yes Bank

NSEI:YESBANK

₹318.2b

IndusInd Bank

BSE:532187

₹625.9b

Canara Bank

BSE:532483

₹338.0b

Punjab National Bank

BSE:532461

₹327.6b

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Baroda
Historical stock prices
Current Share Price	₹101.10
52 Week High	₹122.65
52 Week Low	₹72.50
Beta	0.81
1 Month Change	-0.44%
3 Month Change	-9.41%
1 Year Change	17.63%
3 Year Change	-19.41%
5 Year Change	-37.15%
Change since IPO	1,277.38%

Shareholder Returns

	532134	IN Banks	IN Market
7D	6.0%	1.2%	3.0%
1Y	17.6%	-6.3%	0.3%

Return vs Industry: 532134 exceeded the Indian Banks industry which returned -5.6% over the past year.

Return vs Market: 532134 exceeded the Indian Market which returned 0.6% over the past year.

Price Volatility

Is 532134's price volatile compared to industry and market?
532134 volatility
532134 Average Weekly Movement	5.4%
Banks Industry Average Movement	5.2%
Market Average Movement	7.0%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: 532134 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532134's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1908	79,806	Sanjiv Chadha	https://www.bankofbaroda.in

Bank of Baroda provides various banking products and services to individuals, government departments, and corporate customers. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It offers savings and current accounts; term, fixed and recurring deposits; and NRI deposit products.

Bank of Baroda Fundamentals Summary

How do Bank of Baroda's earnings and revenue compare to its market cap?
532134 fundamental statistics
Market Cap	₹522.82b
Earnings (TTM)	₹78.50b
Revenue (TTM)	₹331.07b

6.7x

P/E Ratio

0.6x

P/B Ratio

Is 532134 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
532134 income statement (TTM)
Revenue	₹331.07b
Cost of Revenue	₹0
Gross Profit	₹331.07b
Other Expenses	₹252.57b
Earnings	₹78.50b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	15.18
Gross Margin	100.00%
Net Profit Margin	23.71%
Debt/Equity Ratio	118.2%

How did 532134 perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

19%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is 532134 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532134?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 532134. This is calculated by dividing 532134's market cap by their current preferred multiple.
What is 532134's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹522.82b

532134 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 532134's PE Ratio compare to its peers?

532134 PE Ratio vs Peers

The above table shows the PE ratio for 532134 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	14.2x
YESBANK Yes Bank	29.9x	n/a	₹318.2b
532187 IndusInd Bank	13x	n/a	₹625.9b
532483 Canara Bank	5.5x	12.4%	₹338.0b
532461 Punjab National Bank	8.5x	n/a	₹327.6b
532134 Bank of Baroda	6.7x	n/a	₹522.8b

Forward PE

Price-To-Earnings vs Peers: 532134 is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (14.2x).

Price to Earnings Ratio vs Industry

How does 532134's PE Ratio compare vs other companies in the IN Banks Industry?

Price-To-Earnings vs Industry: 532134 is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Indian Banks industry average (13.2x)

Price to Earnings Ratio vs Fair Ratio

What is 532134's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532134 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 532134's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 532134 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 532134's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 532134's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532134's PEG Ratio to determine if it is good value.

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Future Growth

How is Bank of Baroda forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

18.5%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bank of Baroda has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Check out Bank of Baroda's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Bank of Baroda competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Bank of Baroda performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

44.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532134 has a high level of non-cash earnings.

Growing Profit Margin: 532134's current net profit margins (23.7%) are higher than last year (4.3%).

Past Earnings Growth Analysis

Earnings Trend: 532134's earnings have grown significantly by 44.8% per year over the past 5 years.

Accelerating Growth: 532134's earnings growth over the past year (407.2%) exceeds its 5-year average (44.8% per year).

Earnings vs Industry: 532134 earnings growth over the past year (407.2%) exceeded the Banks industry 43.6%.

Return on Equity

High ROE: 532134's Return on Equity (8.6%) is considered low.

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Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: 532134's Assets to Equity ratio (14.5x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if 532134 has a sufficient allowance for bad loans.

Low Risk Liabilities: 86% of 532134's liabilities are made up of primarily low risk sources of funding.

Loan Level: 532134 has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: 532134's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: 532134 has a high level of bad loans (6.8%).

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Dividend

What is Bank of Baroda current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 532134's dividend (2.82%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: 532134's dividend (2.82%) is in the top 25% of dividend payers in the Indian market (1.85%)

Stability and Growth of Payments

Stable Dividend: 532134's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532134's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.8%), 532134's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure

CEO

Sanjiv Chadha (58 yo)

2.42yrs

Tenure

₹4,046,242

Compensation

Mr. Sanjiv Chadha is Non-Executive & Independent Director of National Insurance Company Ltd. from June 08, 2022 and served as its Non-Executive Director since October 28, 2020 until June 08, 2022. Mr. Chad...

CEO Compensation Analysis

Compensation vs Market: Sanjiv's total compensation ($USD51.21K) is below average for companies of similar size in the Indian market ($USD867.95K).

Compensation vs Earnings: Sanjiv's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 532134's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: 532134's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/29 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31