NSEI:ALBK

Stock Analysis Report

Allahabad Bank

Executive Summary

Allahabad Bank provides banking products and services in India and internationally.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.9%

ALBK

-0.8%

IN Banks

-1.2%

IN Market


1 Year Return

-71.4%

ALBK

6.4%

IN Banks

6.4%

IN Market

Return vs Industry: ALBK underperformed the Indian Banks industry which returned 6.4% over the past year.

Return vs Market: ALBK underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

ALBKIndustryMarket
7 Day-3.9%-0.8%-1.2%
30 Day-26.8%-4.2%-3.6%
90 Day-43.2%-6.4%-0.5%
1 Year-71.4%-71.4%6.8%6.4%8.4%6.4%
3 Year-81.6%-81.6%11.6%10.4%20.9%14.3%
5 Year-87.1%-87.3%5.5%2.1%29.8%18.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ALBK is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: ALBK 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 ALBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALBK is good value based on its PB Ratio (0.4x) compared to the IN Banks industry average (0.6x).


Next Steps

Future Growth

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

22.7%

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 Allahabad 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 Allahabad Bank performed over the past 5 years?

-44.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALBK is currently unprofitable.

Growing Profit Margin: ALBK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ALBK is unprofitable, and losses have increased over the past 5 years at a rate of -44% per year.

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

Earnings vs Industry: ALBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (25.5%).


Return on Equity

High ROE: ALBK has a negative Return on Equity (-55.66%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Allahabad 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

Inventory Level: ALBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALBK's debt is covered by short term assets (assets are 2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ALBK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ALBK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -17.9% each year


Financial Institutions Analysis

Asset Level: ALBK's level of assets compared to its equity is moderate.

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

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

Loan Level: ALBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALBK's loans are broadly funded by customer deposits.

Level of Bad Loans: ALBK has a high level of bad loans (22.14%)


Next Steps

Dividend

What is Allahabad Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.6%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALBK'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?

2.0yrs

Average management tenure


CEO

Allahabad Bank has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
P. Rajagopal
Executive Director0.9yrs₹2.14mno data
K. Ramachandran
Executive Director1.2yrs₹2.19mno data
Sanjay Aggarwal
CFO and GM of Finance & Accounts1.8yrsno datano data
Dina Kumar
Chief Manager0yrsno datano data
Banambar Sahoo
General Manager of Recovery & Law2.1yrsno datano data
S. V. L. N. Rao
General Manager of Planning2.1yrsno datano data
Sanjeev Suri
General Manager of Human Recourse2.1yrsno datano data
Neelratan Nirmal Saha
Chief Risk Officer & GM of Integrated Risk Management1.8yrsno datano data
Arun Verma
Chief Vigilance Officer2.8yrsno datano data
Prakash Sharma
General Manager of Treasury0.3yrsno datano data

2.0yrs

Average Tenure

Experienced Management: ALBK's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
P. Rajagopal
Executive Director0.9yrs₹2.14mno data
K. Ramachandran
Executive Director1.2yrs₹2.19mno data
Rajeev Ranjan
Government Nominee Director2.5yrsno datano data
Gautam Guha
Part-Time Non-Official Director0.3yrsno datano data
Vivek Deep
RBI Nominee Director3.2yrsno datano data
Sarath Sura
Shareholder Director1.9yrsno datano data
Bijaya Sahoo
Shareholder Director1.9yrsno data0.000010% 5.1k
Radha Sharma
Part-Time Non-Official Director0.9yrsno datano data
Parthapratim Pal
Shareholder Director1.9yrsno datano data

1.9yrs

Average Tenure

58yo

Average Age

Experienced Board: ALBK's board of directors are not considered experienced ( 1.9 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 170.6%.


Top Shareholders

Company Information

Allahabad Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allahabad Bank
  • Ticker: ALBK
  • Exchange: NSEI
  • Founded: 1865
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹51.174b
  • Shares outstanding: 3.72b
  • Website: https://www.allahabadbank.in

Number of Employees


Location

  • Allahabad Bank
  • 2, Netaji Subhas Road
  • Kolkata
  • West Bengal
  • 700001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532480BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2002
ALBKNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2002

Biography

Allahabad Bank provides banking products and services in India and internationally. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The company offers various deposit products, including saving and current accounts, term and flexi fix deposits, fixed deposit, double deposit plan, monthly income plan, and recurring deposits. It also provides various loan products, such as housing and furnishing loans, car loans, two-wheeler loans, education loans, commercial vehicle and home appliances finance schemes, trade and property loans, rent loans, reverse mortgage schemes, and overdraft facilities, as well as loans against national savings certificate/Kisan Vikas Patra; and personal loans for doctors. In addition, the company offers agriculture and small business loans, as well as government sponsored schemes; cash management services and gold card scheme; and international banking services. Further, it provides debit, prepaid gift, and credit cards; insurance products; online and mobile banking, bill payment services; and MSME banking services. It operates through approximately 3229 branches in India and 1 branch in Hong Kong, as well as 836 ATMs. Allahabad Bank was founded in 1865 and is headquartered in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 13:00
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.