BSE:532483

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Canara Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532483's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.7%

532483

-2.4%

IN Banks

-1.6%

IN Market


1 Year Return

-58.4%

532483

-26.3%

IN Banks

-2.2%

IN Market

Return vs Industry: 532483 underperformed the Indian Banks industry which returned -26.3% over the past year.

Return vs Market: 532483 underperformed the Indian Market which returned -2.2% over the past year.


Shareholder returns

532483IndustryMarket
7 Day-3.7%-2.4%-1.6%
30 Day-3.8%9.7%1.7%
90 Day-15.3%7.9%6.2%
1 Year-58.4%-58.4%-26.3%-26.3%-0.4%-2.2%
3 Year-78.7%-78.7%-41.3%-41.9%-4.4%-9.0%
5 Year-67.7%-68.6%-11.7%-13.6%40.4%29.8%

Price Volatility Vs. Market

How volatile is Canara Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

0.22x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the IN Banks industry average.

PE vs Market: 532483 is unprofitable, so we can't compare its PE Ratio to the Indian market.


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 (0.2x) compared to the IN Banks industry average (0.6x).


Next Steps

Future Growth

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

20.9%

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.


Next Steps

Past Performance

How has Canara Bank performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532483 is currently unprofitable.

Growing Profit Margin: 532483 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 532483 is unprofitable, but has reduced losses over the past 5 years at a rate of 13.1% per year.

Accelerating Growth: Unable to compare 532483's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532483 is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (4.6%).


Return on Equity

High ROE: 532483 has a negative Return on Equity (-3.11%), as it is currently unprofitable.


Next Steps

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 (19x) is moderate.

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

Low Risk Liabilities: 90% 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 (65%) is appropriate.

Level of Bad Loans: 532483 has a high level of bad loans (8.6%).


Next Steps

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?

2.1yrs

Average management tenure


CEO

Lingam Prabhakar (58 yo)

0.58

Tenure

₹521,716

Compensation

Mr. Lingam Venkata Prabhakar serves as Managing Director and Chief Executive Director of Canara Bank since February 1, 2020. He has been Additional Non-Executive Director at Can Fin Homes Ltd. since July 3 ...


Leadership Team

NamePositionTenureCompensationOwnership
Lingam Prabhakar
MD, CEO & Director0.58yr₹521.72kno data
Matam Rao
Executive Director3yrs₹2.85m0.00020%
₹ 250.6k
Debashish Mukherjee
Executive Director2.58yrs₹2.81m0.000030%
₹ 37.6k
A. Manimekhalai
Executive Director1.58yrs₹2.73mno data
V. Ramachandra
CFO & GM1.58yrsno datano data
Jayaraman V.
GM & CTOno datano datano data
K. Hariharan
GM & Group Chief Compliance Officerno datano datano data
S. Bhat
Chief General Manager and Head of BR9.25yrsno datano data
A.V. Rao
Group Chief Risk Officer1.42yrsno datano data
B. Sankar
Chief Vigilance Officerno datano datano data
S. Ramesh
Chief General Manager & Head Internal Auditno datano datano data
Deepak Shukla
Assistant GM & Chief Information Security Officerno datano datano data

2.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 532483's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lingam Prabhakar
MD, CEO & Director0.58yr₹521.72kno data
Matam Rao
Executive Director3yrs₹2.85m0.00020%
₹ 250.6k
Debashish Mukherjee
Executive Director2.58yrs₹2.81m0.000030%
₹ 37.6k
A. Manimekhalai
Executive Director1.58yrs₹2.73mno data
Suchindra Misra
Government of India Nominee Director4.25yrsno datano data
Venkatachalam Ramakrishna Iyer
Independent Shareholder Director1.25yrs₹2.50m0.000010%
₹ 12.5k
R. Kesavan
Reserve Bank of India Nominee Director1.42yrsno datano data
Bimal Sharma
Shareholder Director1.25yrs₹1.85m0.000010%
₹ 12.5k

1.5yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 532483's board of directors are not considered experienced ( 1.5 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 substantially diluted in the past year, with total shares outstanding growing by 93%.


Top Shareholders

Company Information

Canara Bank's company bio, 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: ₹125.292b
  • Shares outstanding: 1.45b
  • Website: https://www.canarabank.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532483BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2002
CANBKNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2002

Biography

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, rec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 12:38
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.