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Canara Bank

NSEI:CANBK
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CANBK
NSEI
₹208B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Canara Bank provides various banking products and services in India and internationally. The last earnings update was 262 days ago. More info.


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CANBK Share Price and Events
7 Day Returns
4.4%
NSEI:CANBK
3.1%
IN Banks
0.5%
IN Market
1 Year Returns
12.9%
NSEI:CANBK
16.2%
IN Banks
2.7%
IN Market
CANBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canara Bank (CANBK) 4.4% 26.4% 4% 12.9% 44.4% 3.2%
IN Banks 3.1% 12.4% 8.3% 16.2% 59.6% 74.3%
IN Market 0.5% 9.2% 3.4% 2.7% 43.6% 79%
1 Year Return vs Industry and Market
  • CANBK underperformed the Banks industry which returned 16.2% over the past year.
  • CANBK outperformed the Market in India which returned 2.7% over the past year.
Price Volatility
CANBK
Industry
5yr Volatility vs Market

CANBK Value

 Is Canara Bank 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
  • It is not possible to calculate the future cash flow value for Canara Bank. This is due to cash flow or dividend data being unavailable. The share price is ₹276.2.
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 Canara Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canara Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CANBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-65.94
BSE:532483 Share Price ** BSE (2019-03-20) in INR ₹271.7
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 Canara Bank.

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

= BSE:532483 Share Price ÷ EPS (both in INR)

= 271.7 ÷ -65.94

-4.12x

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

  • Canara Bank is loss making, we can't compare its value to the IN Banks industry average.
  • Canara Bank is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Canara Bank's expected growth come at a high price?
Raw Data
NSEI:CANBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
67.9%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.89x
India Market PEG Ratio Median Figure of 595 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 Canara Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canara Bank's assets?
Raw Data
NSEI:CANBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹503.21
BSE:532483 Share Price * BSE (2019-03-20) in INR ₹271.7
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:CANBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532483 Share Price ÷ Book Value per Share (both in INR)

= 271.7 ÷ 503.21

0.54x

* Primary Listing of Canara Bank.

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

  • Canara Bank is good value based on assets compared to the IN Banks industry average.
X
Value checks
We assess Canara Bank'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. Canara Bank has a total score of 1/6, 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.

CANBK Future Performance

 How is Canara Bank expected to perform in the next 1 to 3 years based on estimates from 12 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
67.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canara Bank expected to grow at an attractive rate?
  • Canara Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Canara Bank's earnings growth is expected to exceed the India market average.
  • Canara Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CANBK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CANBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 67.9%
NSEI:CANBK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 34%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 37%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21%
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:CANBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CANBK Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 298,048 64,486 1
2021-03-31 260,180 45,523 11
2020-03-31 231,077 30,763 12
2019-03-31 208,603 10,489 12
NSEI:CANBK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 34,299 -407,008 -39,514
2017-03-31 103,585 -129,420 13,583
2016-12-31 72,525 -7,939
2016-09-30 46,591 -29,461
2016-06-30 46,011 -27,766
2016-03-31 45,431 33,220 -26,070

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canara Bank's earnings are expected to grow significantly at over 20% yearly.
  • Canara Bank's revenue is expected to grow significantly at over 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:CANBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Canara Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CANBK Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 70.20 70.20 70.20 1.00
2021-03-31 54.38 74.10 28.39 9.00
2020-03-31 40.92 52.60 31.58 9.00
2019-03-31 12.68 19.00 7.82 9.00
NSEI:CANBK Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -65.94
2017-03-31 24.98
2016-12-31 -14.61
2016-09-30 -54.25
2016-06-30 -52.01
2016-03-31 -49.69

*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.
  • Canara Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Canara Bank'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.
Canara Bank has a total score of 5/6, 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.

CANBK Past Performance

  How has Canara Bank performed over the past 5 years?

  • Canara Bank's last earnings update was 262 days ago.
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 Canara Bank'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.
  • Canara Bank does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Canara Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Canara Bank's 1-year growth to the IN Banks industry average as it is not currently profitable.
Earnings and Revenue History
Canara Bank'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 Canara Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CANBK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 34,298.67 -39,513.95 81,580.73
2017-03-31 103,584.70 13,582.75 70,909.61
2016-12-31 72,524.59 -7,939.23 68,316.79
2016-09-30 46,591.17 -29,461.22 65,723.96
2016-06-30 46,011.19 -27,765.65 64,423.61
2016-03-31 45,431.20 -26,070.08 63,123.27
2015-03-31 109,493.07 28,646.68 61,741.08
2014-03-31 93,582.65 26,301.69 51,081.77
2013-03-31 89,517.40 29,697.07 44,962.50
2012-03-31 88,850.86 33,416.96 41,688.99

*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 Canara Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Canara Bank 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 Canara Bank 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 Canara Bank'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.
Canara Bank 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.

CANBK Health

 How is Canara Bank'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 Canara Bank'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 Canara Bank Company Filings, last reported 11 months ago.

NSEI:CANBK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 374,194.91 389,094.96 199,250.69
2017-03-31 351,834.76 395,917.55 277,714.98
2016-12-31 351,834.76 395,917.55 277,714.98
2016-09-30 334,867.63 255,868.16 205,351.53
2016-06-30 334,867.63 255,868.16 205,351.53
2016-03-31 328,589.06 269,634.23 224,593.07
2015-03-31 328,703.59 257,628.21 285,262.38
2014-03-31 304,898.16 273,097.24 238,583.12
2013-03-31 254,085.85 203,550.89 205,020.73
2012-03-31 232,048.80 156,144.23 114,548.11
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.
  • Canara Bank has an acceptable proportion of non-loan assets held.
  • Canara Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Canara Bank are broadly funded by customer deposits.
  • Canara Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Canara Bank has a sufficient allowance for bad loans without relevant financial data.
  • Canara Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Canara Bank'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. Canara Bank 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.

CANBK Dividends

 What is Canara Bank'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
0.37%
Current annual income from Canara Bank dividends. Estimated to be 1.06% next year.
If you bought ₹2,000 of Canara Bank shares you are expected to receive ₹7 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?
  • Canara Bank's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Canara Bank's dividend is below the markets top 25% of dividend payers in India (1.92%).
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:CANBK 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 12 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:CANBK Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 6.00 1.00
2021-03-31 3.95 10.00
2020-03-31 3.35 11.00
2019-03-31 0.77 9.00
NSEI:CANBK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-10-11 1.000 0.363
2017-06-22 1.000 0.295
2017-05-29 1.000 0.282
2017-01-20 0.000 0.000
2016-05-27 0.000 0.000
2015-06-16 10.500 4.539
2015-05-25 10.500 3.327
2014-06-19 9.000 2.244
2014-05-26 9.000 2.005
2014-01-20 13.000 5.071
2013-06-10 13.000 5.007
2012-05-23 11.000 2.647
2011-06-10 11.000 2.430
2010-07-19 10.000 1.682
2009-03-31 8.000 2.471
2009-03-23 8.000 5.027

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Canara Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canara Bank has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (13.8x coverage).
X
Income/ dividend checks
We assess Canara Bank'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 Canara Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canara Bank 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.

CANBK Management

 What is the CEO of Canara Bank'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.
  • Canara Bank has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Canara Bank management team in years:

1.3
Average Tenure
  • The average tenure for the Canara Bank management team is less than 2 years, this suggests a new team.
Management Team

Matam Rao

TITLE
Executive Director
TENURE
1.4 yrs

Debashish Mukherjee

TITLE
Executive Director
TENURE
1.1 yrs

V. Ramachandra

TITLE
CFO & GM
TENURE
0.1 yrs

Vinay Mohta

TITLE
Compliance Officer

S. Bhat

TITLE
Chief General Manager and Head of BR
TENURE
7.7 yrs

Anil Mittal

TITLE
Chief Vigilance Officer
TENURE
1.9 yrs

R. Shashikala

TITLE
Group Chief Risk Officer
TENURE
1.2 yrs

A. Manimekhalai

TITLE
Executive Director
AGE
52

S. Kohli

TITLE
General Secretary of Officers Association
Board of Directors Tenure

Average tenure of the Canara Bank board of directors in years:

2.7
Average Tenure
  • The average tenure for the Canara Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Thothala Manoharan

TITLE
Chairman of the Board
COMPENSATION
₹710K
AGE
62
TENURE
3.6 yrs

Matam Rao

TITLE
Executive Director
TENURE
1.4 yrs

Debashish Mukherjee

TITLE
Executive Director
TENURE
1.1 yrs

A. Manimekhalai

TITLE
Executive Director
AGE
52
TENURE
0.1 yrs

Venkatachalam Ramakrishna Iyer

TITLE
Shareholder Director
COMPENSATION
₹830K
TENURE
2.7 yrs

Krishnamurthy H.

TITLE
Shareholder Director
COMPENSATION
₹810K
TENURE
2.7 yrs

Uma Shankar

TITLE
Reserve Bank of India Nominee Director
TENURE
4.1 yrs

Suchindra Misra

TITLE
Government of India Nominee Director
TENURE
2.8 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 (₹)
X
Management checks
We assess Canara Bank'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. Canara Bank 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.

CANBK News

Simply Wall St News

Is Canara Bank (NSE:CANBK) Excessively Paying Its CEO?

Rakesh Sharma is the CEO of Canara Bank (NSE:CANBK), which has recently grown to a market capitalization of ₹184.48b. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … See our latest analysis for Canara Bank

Simply Wall St -

Understated Factors To Consider Before Investing In Canara Bank (NSE:CANBK)

Canara Bank’s (NSE:CANBK) profitability and risk are largely affected by the underlying economic growth for the region it operates in IN given it is a small-cap stock with a market capitalisation of ₹181.48b. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Canara Bank to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Canara Bank in a safe position in the face of adverse headwinds.

Simply Wall St -

Why Canara Bank (NSE:CANBK) Could Be A Buy

Let’s examine Canara Bank’s valuation and outlook in more detail to determine if there’s still a bargain opportunity? … View out our latest analysis for Canara Bank … Can we expect growth from Canara Bank?

Simply Wall St -

Canara Bank (NSE:CANBK): Risks You Need To Consider Before Buying

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … See our latest analysis for Canara Bank An interpretation of CANBK's beta With a beta of 1.38, Canara Bank is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

At INR263.9, Is Canara Bank (NSE:CANBK) A Buy?

Canara Bank (NSEI:CANBK), operating in the financial services industry based in India, saw a decent share price growth in the teens level on the NSEI over the last few months. … What’s more interesting is that, Canara Bank’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Did Canara Bank (NSE:CANBK) Create Value For Investors Over The Past Year?

View our latest analysis for Canara Bank Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since Canara Bank’s return does not cover its cost, with a difference of -9.93%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:CANBK Last Perf Mar 16th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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What You Should Know About Canara Bank’s (NSE:CANBK) Liquidity

We can gauge Canara Bank’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now. … While financial companies will always have some leverage for a sufficient capital buffer, Canara Bank’s leverage ratio of less than the suitable maximum level of 20x, at 17x, is considered to be very cautious and prudent. … Compared to the appropriate industry loan to deposit level of 90%, Canara Bank’s ratio of over 70.42% is sensibly lower and within the safe margin, 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: Canara Bank passes all of our liquidity and leverage checks which shows it is prudent in managing those factors.

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What Is Canara Bank's (NSE:CANBK) Share Price Doing?

Great news for investors – Canara Bank is still trading at a fairly cheap price. … What’s more interesting is that, Canara Bank’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

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CANBK Company Info

Description

Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising re-investment plan, recurring deposits, deposit schemes for senior citizens, current account, and others; loan products, such as housing, home improvement, vehicle, site, teachers, gold, mortgage, housing-cum-solar, consumer, 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 attorneyship; and safe deposit lockers, depository, and safe custody 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. In addition, it offers NRI banking products and services, such as remittance facilities; loans and advances, such as home, home improvement, vehicle, rent, mortgage, and site loans; and investment and online trading facilities. As of March 31, 2018, the company operated 6,212 branches, including 289 specialized branches and 8 overseas branches and 9,395 ATMs. Canara Bank was founded in 1906 and is headquartered in Bengaluru, India.

Details
Name: Canara Bank
CANBK
Exchange: NSEI
Founded: 1906
₹208,046,206,855
753,244,775
Website: http://www.canarabank.com
Address: Canara Bank
No. 112, J C Road,
Bengaluru,
Karnataka, 560002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532483 Equity Shares Mumbai Stock Exchange IN INR 23. Dec 2002
NSEI CANBK Equity Shares National Stock Exchange of India IN INR 23. Dec 2002
Number of employees
Current staff
Staff numbers
0
Canara Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 12:52
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2018/07/03
Last earnings reported: 2018/03/31
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.