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Canara BankBSE:532483 Stock Report

Market Cap

₹360.2b

7D

2.6%

1Y

121.7%

Updated

23 Oct, 2021

Data

Company Financials
532483 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

532483 Overview

Canara Bank provides various banking products and services in India and internationally.

Canara Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canara Bank
Historical stock prices
Current Share Price₹198.55
52 Week High₹84.40
52 Week Low₹204.25
Beta1.05
1 Month Change23.52%
3 Month Change35.95%
1 Year Change121.72%
3 Year Change-6.61%
5 Year Change-36.71%
Change since IPO304.79%

Recent News & Updates

Shareholder Returns

532483IN BanksIN Market
7D2.6%2.1%-3.1%
1Y121.7%62.3%61.1%

Return vs Industry: 532483 exceeded the Indian Banks industry which returned 62.3% over the past year.

Return vs Market: 532483 exceeded the Indian Market which returned 61.1% over the past year.

Price Volatility

Is 532483's price volatile compared to industry and market?
532483 volatility
532483 Beta1.05
Industry Beta0.98
Market Beta1

Stable Share Price: 532483 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532483's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190688,213Lingam Prabhakarhttps://www.canarabank.com

Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, fixed deposits, unclaimed deposits, deposit schemes for senior citizens, re-investment plans, and others; loan products, such as housing, home improvement, vehicle, site, rent, teachers, gold, mortgage, housing-cum-solar, consumer, education, rain water harvesting, and other loans; life, general, and health insurance products; consultancy services, which cover personal tax assistance and investment counselling, estate and wills services, private and charitable trustee services, debenture and security trusteeship, and attorney ship; foreign exchange and international banking services; mutual funds; and safe deposit lockers, depository, safe custody, and card services. The company also provides corporate banking products and services, including accounts and deposits, such as current, fixed, and recurring deposits; supply chain finance management; loans and advances comprising working capital finance, term loans, infrastructure financing, and export finance; syndication services; IPO monitoring services; and merchant and commercial banking, escrow bankers/ASBA, underwriting, and investments services.

Canara Bank Fundamentals Summary

How do Canara Bank's earnings and revenue compare to its market cap?
532483 fundamental statistics
Market Cap₹360.20b
Earnings (TTM)₹36.46b
Revenue (TTM)₹341.50b

9.9x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532483 income statement (TTM)
Revenue₹341.50b
Cost of Revenue₹0
Gross Profit₹341.50b
Expenses₹305.03b
Earnings₹36.46b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)20.10
Gross Margin100.00%
Net Profit Margin10.68%
Debt/Equity Ratio80.4%

How did 532483 perform over the long term?

See historical performance and comparison

Valuation

Is Canara Bank undervalued compared to its fair value and its price relative to the market?

9.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 532483's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 532483's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 532483 is good value based on its PE Ratio (9.9x) compared to the Indian Banks industry average (20.5x).

PE vs Market: 532483 is good value based on its PE Ratio (9.9x) compared to the Indian market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532483's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532483 is good value based on its PB Ratio (0.6x) compared to the IN Banks industry average (1.2x).


Future Growth

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

21.2%

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 Canara Bank 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.


Past Performance

How has Canara Bank performed over the past 5 years?

30.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532483 has high quality earnings.

Growing Profit Margin: 532483 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 532483 has become profitable over the past 5 years, growing earnings by 30% per year.

Accelerating Growth: 532483 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 532483 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (26.5%).


Return on Equity

High ROE: 532483's Return on Equity (5.7%) is considered low.


Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 532483's Assets to Equity ratio (18.4x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if 532483 has a sufficient allowance for bad loans.

Low Risk Liabilities: 91% of 532483's liabilities are made up of primarily low risk sources of funding.

Loan Level: 532483 has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: 532483's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: 532483 has a high level of bad loans (9%).


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532483's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532483's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532483's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532483's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532483 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532483's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Lingam Prabhakar (59 yo)

1.67yrs

Tenure

₹3,264,338

Compensation

Mr. Lingam Venkata Prabhakar serves as Managing Director and Chief Executive Director of Canara Bank since February 1, 2020. He serves as Chairman of the Board at Can Fin Homes Limited since August 26, 202...


CEO Compensation Analysis

Compensation vs Market: Lingam's total compensation ($USD43.54K) is below average for companies of similar size in the Indian market ($USD821.71K).

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


Leadership Team

Experienced Management: 532483's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 532483'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 been diluted in the past year, with total shares outstanding growing by 24.8%.


Top Shareholders

Company Information

Canara Bank's employee growth, exchange listings and data sources


Key Information

  • Name: Canara Bank
  • Ticker: 532483
  • Exchange: BSE
  • Founded: 1906
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹360.196b
  • Shares outstanding: 1.81b
  • Website: https://www.canarabank.com

Number of Employees


Location

  • Canara Bank
  • 112, J C Road
  • Town Hall
  • Bengaluru
  • Karnataka
  • 560002
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 12:04
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.