Loading...

Bank of Baroda

NSEI:BANKBARODA
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BANKBARODA
NSEI
₹331B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Bank of Baroda provides various banking products and services to individual and corporate customers. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
BANKBARODA Share Price and Events
7 Day Returns
7.4%
NSEI:BANKBARODA
3.1%
IN Banks
0.4%
IN Market
1 Year Returns
-7.2%
NSEI:BANKBARODA
15.6%
IN Banks
2%
IN Market
BANKBARODA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Baroda (BANKBARODA) 7.4% 22.2% 8.8% -7.2% -13.1% -10%
IN Banks 3.1% 12.7% 7% 15.6% 59.7% 77.2%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • BANKBARODA underperformed the Banks industry which returned 15.6% over the past year.
  • BANKBARODA underperformed the Market in India which returned 2% over the past year.
Price Volatility
BANKBARODA
Industry
5yr Volatility vs Market

BANKBARODA Value

 Is Bank of Baroda undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of Baroda to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Baroda.

NSEI:BANKBARODA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 25 analysts.
= Stable Book Value * Return on Equity
= ₹179.96 * 10.2%
₹18.30
Book Value of Equity per Share Weighted future Book Value estimates from 23 analysts. ₹179.96
Discount Rate (Cost of Equity) See below 18.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BANKBARODA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 35%) (212.47%))
1.27
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.27 * 8.6%)
18.47%

Discounted Cash Flow Calculation for NSEI:BANKBARODA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Baroda is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:BANKBARODA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.2% – 18.47%) * ₹179.96)
₹-14.94
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-14.94 / (18.47% - 7.55%)
₹-136.77
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹179.96 + ₹-136.77
₹43.19
NSEI:BANKBARODA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BANKBARODA represents 0.9996x of BSE:532134
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9996x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 43.19 x 0.9996
₹43.17
Value per share (INR) From above. ₹43.17
Current discount Discount to share price of ₹125.20
= -1 x (₹125.20 - ₹43.17) / ₹43.17
-190%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bank of Baroda is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Baroda's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Baroda's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BANKBARODA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-3.84
BSE:532134 Share Price ** BSE (2019-03-20) in INR ₹125.25
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 20.96x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Baroda.

NSEI:BANKBARODA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532134 Share Price ÷ EPS (both in INR)

= 125.25 ÷ -3.84

-32.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Baroda is loss making, we can't compare its value to the IN Banks industry average.
  • Bank of Baroda is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Bank of Baroda's expected growth come at a high price?
Raw Data
NSEI:BANKBARODA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -32.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts
58.4%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.89x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bank of Baroda, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Baroda's assets?
Raw Data
NSEI:BANKBARODA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹185.06
BSE:532134 Share Price * BSE (2019-03-20) in INR ₹125.25
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:BANKBARODA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532134 Share Price ÷ Book Value per Share (both in INR)

= 125.25 ÷ 185.06

0.68x

* Primary Listing of Bank of Baroda.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Baroda is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess Bank of Baroda's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of Baroda has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BANKBARODA Future Performance

 How is Bank of Baroda expected to perform in the next 1 to 3 years based on estimates from 28 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
58.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Baroda expected to grow at an attractive rate?
  • Bank of Baroda's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bank of Baroda's earnings growth is expected to exceed the India market average.
  • Bank of Baroda's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BANKBARODA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BANKBARODA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts 58.4%
NSEI:BANKBARODA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 28 Analysts 17.5%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 37%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BANKBARODA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BANKBARODA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 319,209 71,213 20
2020-03-31 284,607 54,662 24
2019-03-31 241,838 26,096 21
NSEI:BANKBARODA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 115,519 -9,861
2018-09-30 105,999 -13,381
2018-06-30 100,909 -15,331
2018-03-31 92,209 -498,862 -18,871
2017-12-31 129,541 12,770
2017-09-30 131,091 14,120
2017-06-30 132,051 15,720
2017-03-31 133,741 -127,016 18,150
2016-12-31 84,288 -16,077
2016-09-30 35,458 -52,577
2016-06-30 27,078 -56,787
2016-03-31 37,298 332,795 -50,677

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Baroda's earnings are expected to grow significantly at over 20% yearly.
  • Bank of Baroda's revenue is expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BANKBARODA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below

All data from Bank of Baroda Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANKBARODA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 25.24 36.40 18.00 18.00
2020-03-31 20.44 29.20 15.40 22.00
2019-03-31 10.06 14.54 6.56 21.00
NSEI:BANKBARODA Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -3.84
2018-09-30 -5.40
2018-06-30 -6.40
2018-03-31 -8.17
2017-12-31 5.57
2017-09-30 6.13
2017-06-30 6.67
2017-03-31 7.88
2016-12-31 -6.97
2016-09-30
2016-06-30 -24.70
2016-03-31 -22.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bank of Baroda is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank of Baroda's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Baroda has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BANKBARODA Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Baroda's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Baroda does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bank of Baroda's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bank of Baroda's 1-year growth to the IN Banks industry average as it is not currently profitable.
Earnings and Revenue History
Bank of Baroda's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Baroda Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANKBARODA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 115,519.00 -9,861.07 87,916.21
2018-09-30 105,999.00 -13,381.07 87,916.21
2018-06-30 100,909.00 -15,331.07 87,916.21
2018-03-31 92,209.00 -18,871.07 87,916.21
2017-12-31 129,541.47 12,769.77 80,692.58
2017-09-30 131,091.47 14,119.77 80,692.58
2017-06-30 132,051.47 15,719.77 80,692.58
2017-03-31 133,741.47 18,149.77 80,692.58
2016-12-31 84,287.51 -16,076.82 81,388.60
2016-09-30 35,457.51 -52,576.82 81,388.60
2016-06-30 27,077.51 -56,786.82 81,388.60
2016-03-31 37,297.51 -50,676.82 81,388.60
2015-03-31 145,876.46 39,117.27 69,585.14
2014-03-31 135,886.76 50,007.30 61,432.88
2013-03-31 115,009.82 48,042.30 50,181.41
2012-03-31 117,598.12 52,485.74 43,150.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bank of Baroda has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bank of Baroda has efficiently used its assets last year compared to the IN Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bank of Baroda improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bank of Baroda's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Baroda has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BANKBARODA Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of Baroda's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Baroda Company Filings, last reported 2 months ago.

NSEI:BANKBARODA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 492,580.00 704,010.00 262,710.00
2018-09-30 490,000.00 689,160.00 241,610.00
2018-06-30 477,270.00 666,070.00 241,030.00
2018-03-31 468,387.57 648,598.17 765,371.38
2017-12-31
2017-09-30 439,780.00 325,450.00 237,800.00
2017-06-30 433,840.00 296,300.00 231,680.00
2017-03-31 433,001.00 312,420.02 1,332,514.51
2016-12-31 439,370.00 325,670.00 299,750.00
2016-09-30 436,090.00 333,520.00 218,930.00
2016-06-30 432,120.00 363,540.00 222,330.00
2016-03-31 426,968.53 338,452.26 1,180,454.42
2015-03-31 422,043.68 355,015.17 1,314,328.86
2014-03-31 380,052.28 369,763.01 1,172,223.89
2013-03-31 333,918.24 265,529.43 751,996.38
2012-03-31 286,074.85 235,980.58 448,098.05
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of Baroda has an acceptable proportion of non-loan assets held.
  • Bank of Baroda's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Baroda are broadly funded by customer deposits.
  • Bank of Baroda's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Bank of Baroda has a sufficient allowance for bad loans without relevant financial data.
  • Bank of Baroda has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank of Baroda's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Baroda has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BANKBARODA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bank of Baroda dividends. Estimated to be 2.23% next year.
If you bought ₹2,000 of Bank of Baroda shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bank of Baroda's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bank of Baroda's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BANKBARODA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 28 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BANKBARODA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 3.59 20.00
2020-03-31 2.81 20.00
2019-03-31 1.84 17.00
NSEI:BANKBARODA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-29 0.000 0.000
2018-10-30 0.000 0.000
2018-07-27 0.000 0.000
2018-06-27 0.000 0.000
2018-06-20 0.000 0.000
2018-05-25 0.000 0.000
2017-06-05 1.200 0.785
2017-05-18 1.200 0.665
2017-02-10 0.000 0.000
2016-11-11 0.000 0.000
2016-08-11 0.000 0.000
2016-05-13 0.000 0.000
2015-06-24 3.200 2.050
2014-05-13 4.200 2.336
2014-01-15 4.400 3.403
2013-05-13 4.300 3.703
2012-06-29 3.400 2.320
2011-07-05 3.300 2.183
2010-05-26 3.000 1.759
2010-05-25 3.000 2.209
2009-03-31 1.800 1.901
2009-03-23 1.600 3.459

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bank of Baroda has not reported any payouts.
  • Unable to verify if Bank of Baroda's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bank of Baroda's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bank of Baroda has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.1x coverage).
X
Income/ dividend checks
We assess Bank of Baroda's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Baroda afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Baroda has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BANKBARODA Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jaya Jayakumar
COMPENSATION ₹3,151,937
AGE 56
TENURE AS CEO 3.6 years
CEO Bio

Mr. P. S. Jayakumar, also known as Jaya, has been the Chief Executive Officer and Managing Director of Bank of Baroda since October 13, 2015. Mr. Jayakumar serves as Chief Executive Officer of Bank of Baroda (India) and Managing Director of Bank of Baroda (India) at Bank of Baroda (Uganda) Limited. He served as Managing Director and Chief Executive Officer of VBHC Value Homes Pvt Ltd. He was the Co-founder and Chief Executive Officer of Value Budget Housing (VBHC) since 2009. He served as the Managing Director of Value and Budget Housing Corporation Pvt. Ltd. He served as Head of Balance Sheet Optimisation - Treasury in Asia-Pacific at Citigroup Inc. since May 2008 and also served as its Country Head - Citibank Consumer Business. He started his career with Citibank in 1986 and has held many senior management positions there, including being Country Head for Consumer Business in India and Asia Pacific and Head for Consumer Lending Business in Asia Pacific. During his banking career, spanning 24 years, he has contributed significantly to the development of the retail banking industry in India. He was associated with the first asset securitisation in India in 1991 and the first multi-lingual biometric ATM for the financially excluded in 2006. He served as Region Head of Asia-Pacific (Consumer Finance) at Citigroup Inc. from January 1, 2004 to May 2008. He served Consumer Finance Head in India. He served as Managing Director and Head of Citibank Consumer Loan for Asia Pacific Countries (covering Indonesia, Philippines, Australia, Thailand, Hong Kong and Korea). Mr. Jayakumar has held diverse assignments at Citibank, such as Treasurer - Consumer Bank, Business Development Head covering deposit and lending business, Managing Director for Citi Financial Ltd. Mr. Jayakumar serves as Chairman at IndiaFirst Life Insurance Company Limited. He serves as a Director of Value and BudgetHousing Corporation Pvt. Ltd. He has been a Director of Bank of Baroda since October 13, 2015. He served as Director of VBHC Value Homes Pvt Ltd., until October 2015. He was a Co-founder of Home First Finance Company. He served as Non-Executive Promoter Director at Home First Finance Company India Private Limited until March 31, 2016. He served as a Non-Executive Director of TCS e-Serve Limited (formerly, Citigroup Global Services Limited) from September 19, 2005 to January 1, 2009. He served as Director of Citicorp Finance (India) Limited. He also served as a Board Member in many of Citibank's subsidiaries in India. He is an Associate Member of the Institute of Chartered Accountants of India. He is also a Gurukul Chevening Scholar from the London School of Economics and Political Science in 1998. Mr. Jayakumar holds a Post Graduate Diploma in Business Management from XLRI, Jamshedpur and a Master's Degree in Commerce from the University of Madras.

CEO Compensation
  • Jaya's compensation has increased whilst company is loss making.
  • Jaya's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Bank of Baroda management team in years:

1.4
Average Tenure
56
Average Age
  • The average tenure for the Bank of Baroda management team is less than 2 years, this suggests a new team.
Management Team

Jaya Jayakumar

TITLE
MD, CEO & Executive Director
COMPENSATION
₹3M
AGE
56
TENURE
3.6 yrs

Papia Sengupta

TITLE
Executive Director
COMPENSATION
₹3M
AGE
59

Ramesh Gopalrathnam

TITLE
Deputy GM of Corporate Accounts & Taxation and CFO
TENURE
1.6 yrs

Prashant Agarwal

TITLE
Company Secretary & Compliance Officer

Bhaskar Sharma

TITLE
Chief Risk Officer

Manoj Piplani

TITLE
Managing Director of Bobcards

Kuku Kanojia

TITLE
Chief Returning Officer
TENURE
1.3 yrs

Narsimha Nayak

TITLE
Chief Vigilance Officer

Sameer Narang

TITLE
Chief Economist

Shanti Jain

TITLE
Executive Director
AGE
53
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Bank of Baroda board of directors in years:

2.2
Average Tenure
56
Average Age
  • The average tenure for the Bank of Baroda board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hasmukh Adhia

TITLE
Non-Executive Chairman
AGE
60

Jaya Jayakumar

TITLE
MD, CEO & Executive Director
COMPENSATION
₹3M
AGE
56
TENURE
3.4 yrs

Papia Sengupta

TITLE
Executive Director
COMPENSATION
₹3M
AGE
59
TENURE
2.2 yrs

Shanti Jain

TITLE
Executive Director
AGE
53
TENURE
0.5 yrs

Vikramaditya Khichi

TITLE
Executive Director
AGE
56
TENURE
0.4 yrs

Bharatkumar Dhirubhai Dangar

TITLE
Shareholder Director
COMPENSATION
₹800K
AGE
40
TENURE
4.3 yrs

Biju Varkkey

TITLE
Part Time Non-Official Director
COMPENSATION
₹730K
AGE
53
TENURE
2.9 yrs

Gopal Agarwal

TITLE
Part-Time Non-Official Director
COMPENSATION
₹490K
AGE
56
TENURE
2.7 yrs

Ajay Kumar

TITLE
Government Nominee Director
AGE
49
TENURE
2.2 yrs

Soundara Kumar

TITLE
Shareholder Director
COMPENSATION
₹130K
AGE
64
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
13. Jul 18 Sell India Company 20. Jun 18 20. Jun 18 -7,552,410 ₹128.20 ₹-968,218,603
07. Apr 18 Buy India Company 27. Mar 18 06. Apr 18 341,356,534 ₹157.46 ₹53,749,984,250
X
Management checks
We assess Bank of Baroda's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Baroda has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BANKBARODA News

Simply Wall St News

Should You Be Concerned About Bank of Baroda’s (NSE:BANKBARODA) Liquidity?

As a small-cap bank stock with a market capitalisation of ₹291.0b, Bank of Baroda’s (NSE:BANKBARODA) risk and profitability are largely determined by the underlying economic growth of the IN regions in which it operates. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.

Simply Wall St -

How Should Investors React To Bank of Baroda's (NSE:BANKBARODA) CEO Pay?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Can Bank of Baroda (NSE:BANKBARODA) Survive The Next Financial Crisis?

As a small-cap bank stock with a market capitalisation of ₹300.00b, Bank of Baroda’s (NSE:BANKBARODA) risk and profitability are largely determined by the underlying economic growth of the IN regions in which it operates. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

Simply Wall St -

Is It The Right Time To Buy Bank of Baroda (NSE:BANKBARODA)?

received a lot of attention from a substantial price movement on the NSEI over the last few months, increasing to ₹153.3 at one point, and dropping to the lows of ₹121.5. … A question to answer is whether Bank of Baroda's current trading price of ₹121.5 reflective of the actual value of the? … Let’s take a look at Bank of Baroda’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Can These Factors Give You An Edge In Bank of Baroda (NSE:BANKBARODA)?

Though banks are required to have a certain level of buffer to meet its capital requirements, Bank of Baroda’s leverage level of 16x is significantly below the appropriate ceiling of 20x. … Relative to the prudent industry loan to deposit level of 90%, Bank of Baroda’s ratio of over 72.10%is appropriately lower, which positions the bank cautiously in terms of liquidity as it has not disproportionately lent out its deposits and has retained an apt level of deposits.Next Steps: Bank of Baroda meets all of our liquidity and leverage criteria, exhibiting operational prudency. … High liquidity and low leverage places the bank in an ideal position to repay financial liabilities in case of adverse headwinds.

Simply Wall St -

Should You Buy Bank of Baroda (NSE:BANKBARODA) At INR144.3?

Bank of Baroda (NSEI:BANKBARODA), operating in the financial services industry based in India, saw significant share price volatility over the past couple of months on the NSEI, rising to the highs of ₹168.65 and falling to the lows of ₹131.55. … Furthermore, Bank of Baroda’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … BANKBARODA’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

Simply Wall St -

What You Must Know About Bank of Baroda's (NSE:BANKBARODA) Return on Equity

Bank of Baroda (NSEI:BANKBARODA) generated a below-average return on equity of 3.30% in the past 12 months, while its industry returned 7.81%. … View our latest analysis for Bank of Baroda Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Bank of Baroda’s cost of equity is 14.01%.

Simply Wall St -

Is Bank of Baroda (NSE:BANKBARODA) Worth INR145.35 Based On Intrinsic Value?

NSEI:BANKBARODA Intrinsic Value Apr 4th 18 Deriving BANKBARODA's True Value The key assumption for Excess Returns is that equity value is how much the firm can earn, over and above its cost of equity, given the level of equity it has in the company at the moment. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (10.28% – 13.87%) * ₹190.61 = ₹-6.83 Excess Return Per Share is used to calculate the terminal value of BANKBARODA, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = ₹-6.83 / (13.87% – 7.00%) = ₹-99.46 Combining these components gives us BANKBARODA's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = ₹190.61 + ₹-99.46 = ₹91.16 Compared to the current share price of ₹145.35, BANKBARODA is , at this time, priced higher than its intrinsic value.

Simply Wall St -

Is Bank of Baroda (NSE:BANKBARODA) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BANKBARODA Price per share = ₹138.4 Earnings per share = ₹6.127 ∴ Price-Earnings Ratio = ₹138.4 ÷ ₹6.127 = 22.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with BANKBARODA, then BANKBARODA’s P/E would naturally be higher since investors would reward BANKBARODA’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with BANKBARODA, BANKBARODA’s P/E would again be higher since investors would reward BANKBARODA’s lower risk with a higher price as well.

Simply Wall St -

Is Bank of Baroda (NSE:BANKBARODA) Undervalued After Accounting For Its Future Growth?

Bank of Baroda (NSEI:BANKBARODA) is considered a high-growth stock, but its last closing price of ₹157.5 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Bank of Baroda is available at price-to-earnings ratio of 25.71x, showing us it is overvalued based on current earnings compared to the banks industry average of 19.71x , and undervalued relative to the current IN market average of 25.71x. … However, seeing as Bank of Baroda is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio.

Simply Wall St -

BANKBARODA Company Info

Description

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 currency deposits. The company also provides loans, such as home, education, vehicle, personal, mortgage, commission agents, traders, and debit card EMI loans, as well as advances against securities and gold ornaments/jewelries, and loans for public issues/IPOs; professional, composite, small business borrower, capital expenditure, bridge, and short term corporate loans, as well as loans for micro, small, and medium enterprises; working capital finance, term finance, commercial vehicle finance, export and import finance, bill finance, lines of credit, loans against rent receivables, term finance, project finance, infrastructure finance, loans for takeover of accounts, foreign currency credit, and supply chain finance; overdrafts and non-fund based services; and debit, prepaid, and credit cards. In addition, it offers loans and advances, and pensions and other government schemes to rural and agricultural customers; life insurance, general insurance, and health insurance products, as well as mutual funds; appraisal, merchant banking, cash management, remittance, collection, electronic clearing, correspondent banking, treasury, trade finance, investment, wealth management, and capital market services; and digital banking services. As of March 31, 2018, the company operated 5,467 branches in India, as well as 106 branches internationally. Bank of Baroda was founded in 1908 and is headquartered in Vadodara, India.

Details
Name: Bank of Baroda
BANKBARODA
Exchange: NSEI
Founded: 1908
₹331,350,895,533
2,645,516,132
Website: http://www.bankofbaroda.com
Address: Bank of Baroda
Baroda House,
Mandvi,
Vadodara,
Gujarat, 390006,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532134 Equity Shares Mumbai Stock Exchange IN INR 26. Feb 1997
NSEI BANKBARODA Equity Shares National Stock Exchange of India IN INR 26. Feb 1997
BSE 532134 INR2 Mumbai Stock Exchange IN INR 21. Mar 2019
NSEI BANKBARODA INR2 National Stock Exchange of India IN INR 21. Mar 2019
Number of employees
Current staff
Staff numbers
56,359
Bank of Baroda employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:45
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.