NSEI:BANKBARODA

Stock Analysis Report

Executive Summary

Bank of Baroda provides various banking products and services to individual and corporate customers.

Rewards

PE ratio (20.2x) is below the Banks industry average (22x)

Earnings are forecast to grow 48.65% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shareholders have been diluted in the past year



Snowflake Analysis

Adequate balance sheet and fair value.


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Share Price & News

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


Latest Share Price and Events

Stable Share Price: BANKBARODA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.3%

BANKBARODA

-3.1%

IN Banks

-2.9%

IN Market


1 Year Return

-12.5%

BANKBARODA

9.1%

IN Banks

2.8%

IN Market

Return vs Industry: BANKBARODA underperformed the Indian Banks industry which returned 9.1% over the past year.

Return vs Market: BANKBARODA underperformed the Indian Market which returned 2.8% over the past year.


Shareholder returns

BANKBARODAIndustryMarket
7 Day-4.3%-3.1%-2.9%
30 Day1.5%0.1%-1.4%
90 Day-2.1%10.1%6.2%
1 Year-12.5%-12.5%9.5%9.1%4.8%2.8%
3 Year-38.3%-38.8%27.5%26.1%31.3%24.4%
5 Year-52.2%-53.6%13.8%10.1%42.7%29.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BANKBARODA (₹97.9) is trading above our estimate of fair value (₹37.92)

Significantly Below Fair Value: BANKBARODA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BANKBARODA is good value based on its PE Ratio (20.2x) compared to the Banks industry average (22x).

PE vs Market: BANKBARODA is poor value based on its PE Ratio (20.2x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: BANKBARODA is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: BANKBARODA is good value based on its PB Ratio (0.5x) compared to the IN Banks industry average (0.6x).


Next Steps

Future Growth

How is Bank of Baroda forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

48.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANKBARODA's forecast earnings growth (48.6% per year) is above the savings rate (6.5%).

Earnings vs Market: BANKBARODA's earnings (48.6% per year) are forecast to grow faster than the Indian market (19.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BANKBARODA's revenue (11.4% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: BANKBARODA's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BANKBARODA's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

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

23.4%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BANKBARODA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BANKBARODA's earnings have grown significantly by 23.4% per year over the past 5 years.

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

Earnings vs Industry: BANKBARODA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (25.8%).


Return on Equity

High ROE: BANKBARODA's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bank of Baroda'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: BANKBARODA has a low level of unsold assets or inventory.

Debt Coverage by Assets: BANKBARODA's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: BANKBARODA has a high level of bad loans (10.72%)


Next Steps

Dividend

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

2.18%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.6%industryaverage0.4%forecastin3Years2.2%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BANKBARODA'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 BANKBARODA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

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


Management Age and Tenure

1.6yrs

Average Tenure

57yo

Average Age

Experienced Management: BANKBARODA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

57yo

Average Age

Experienced Board: BANKBARODA's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

Sell₹566,884,73715 Oct 19
India
EntityCompany
Shares6,461,221
Max Price₹87.74
Buy₹50,419,996,21817 Jun 19
India
EntityCompany
Shares428,559,286
Max Price₹117.65

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.3%.


Management Team

  • Shanti Jain (54yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: ₹3.21m
  • Murali Ramaswami (59yo)

    Executive Director

    • Tenure: 0.2yrs
  • Vikramaditya Khichi (57yo)

    Executive Director

    • Tenure: 1.2yrs
    • Compensation: ₹2.85m
  • Manoj Piplani

    Managing Director of Bobcards

    • Tenure: 0yrs
  • Kuku Kanojia

    Chief Returning Officer

    • Tenure: 2yrs
  • Ramesh Gopalrathnam

    Deputy GM of Corporate Accounts & Taxation and CFO

    • Tenure: 2.3yrs
  • Prashant Agarwal

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
  • Narsimha Nayak

    Chief Vigilance Officer

    • Tenure: 0yrs
  • Sameer Narang

    Chief Economist & Head

    • Tenure: 0yrs
  • Nikita Raut

    Chief Manager of HR & Head of Mumbai Academy

    • Tenure: 0yrs

Board Members

  • Hasmukh Adhia (61yo)

    Non-Executive Chairman

    • Tenure: 0.8yrs
    • Compensation: ₹125.00k
  • Shanti Jain (54yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: ₹3.21m
  • Murali Ramaswami (59yo)

    Executive Director

    • Tenure: 0.2yrs
  • Soundara Kumar (65yo)

    Shareholder Director

    • Tenure: 2yrs
    • Compensation: ₹700.00k
  • Biju Varkkey (54yo)

    Part-Time Non-Official Independent Director

    • Tenure: 0.2yrs
    • Compensation: ₹950.00k
  • Bharatkumar Dhirubhai Dangar (41yo)

    Shareholder Director

    • Tenure: 5yrs
    • Compensation: ₹935.00k
  • Vikramaditya Khichi (57yo)

    Executive Director

    • Tenure: 1.2yrs
    • Compensation: ₹2.85m
  • Ajay Kumar (50yo)

    Government Nominee Director

    • Tenure: 2.9yrs
  • Debasish Panda (57yo)

    Government Nominee Director

    • Tenure: 1.7yrs
  • Srinivasan Sridhar (59yo)

    Shareholder Director

    • Tenure: 1yrs
    • Compensation: ₹210.00k

Company Information

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


Key Information

  • Name: Bank of Baroda
  • Ticker: BANKBARODA
  • Exchange: NSEI
  • Founded: 1908
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹379.644b
  • Shares outstanding: 3.97b
  • Website: https://www.bankofbaroda.com

Number of Employees


Location

  • Bank of Baroda
  • Baroda Bhavan
  • 7th Floor
  • Vadodara
  • Gujarat
  • 390007
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532134BSE (Mumbai Stock Exchange)INR2ININRNo data
BANKBARODANSEI (National Stock Exchange of India)INR2ININRNo data
532134BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 1997
BANKBARODANSEI (National Stock Exchange of India)YesEquity SharesININRFeb 1997

Biography

Bank of Baroda provides various banking products and services to individual and corporate customers. It offers fixed, current, recurring, and savings deposit products, as well as NRI account and foreign cu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 12:48
End of Day Share Price2019/12/12 00:00
Earnings2019/09/30
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.