Corporation Bank
Market Cap
₹143.3b
Last Updated
2019/12/10 12:48 UTC
Data Sources
Company Financials +
Executive Summary
Corporation Bank provides banking products and services for individuals and corporate customers in India.
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Corporation Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CORPBANK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
CORPBANK
-2.1%
IN Banks
-2.4%
IN Market
1 Year Return
-14.6%
CORPBANK
13.8%
IN Banks
6.8%
IN Market
Return vs Industry: CORPBANK underperformed the Indian Banks industry which returned 13.8% over the past year.
Return vs Market: CORPBANK underperformed the Indian Market which returned 6.8% over the past year.
Shareholder returns
| CORPBANK | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -2.1% | -2.4% |
| 30 Day | 38.9% | 2.1% | -0.6% |
| 90 Day | 38.5% | 12.6% | 7.2% |
| 1 Year | -14.6%-14.6% | 14.2%13.8% | 8.9%6.8% |
| 3 Year | -47.2%-47.2% | 28.6%27.1% | 31.8%24.8% |
| 5 Year | -59.8%-60.9% | 11.9%8.3% | 40.3%27.8% |
Price Volatility Vs. Market
How volatile is Corporation Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What You Should Know About Corporation Bank’s (NSE:CORPBANK) Liquidity And Leverage1 year ago | Simply Wall St
What Are The Drivers Of Corporation Bank's (NSE:CORPBANK) Risks?1 year ago | Simply Wall St
Is Corporation Bank (NSE:CORPBANK) Undervalued?Valuation
Is Corporation Bank undervalued compared to its fair value and its price relative to the market?
0.84x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CORPBANK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CORPBANK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CORPBANK is unprofitable, so we can't compare its PE Ratio to the Banks industry average.
PE vs Market: CORPBANK 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 CORPBANK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CORPBANK is overvalued based on its PB Ratio (0.8x) compared to the IN Banks industry average (0.7x).
Next Steps
Future Growth
How is Corporation Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
112.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CORPBANK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.5%).
Earnings vs Market: CORPBANK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CORPBANK's is expected to become profitable in the next 3 years.
Revenue vs Market: Insufficient data to determine if CORPBANK's revenue is forecast to grow faster than the Indian market.
High Growth Revenue: Insufficient data to determine if CORPBANK's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CORPBANK's Return on Equity is forecast to be low in 3 years time (6.9%).
Next Steps
Past Performance
How has Corporation Bank performed over the past 5 years?
-50.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CORPBANK is currently unprofitable.
Growing Profit Margin: CORPBANK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CORPBANK is unprofitable, and losses have increased over the past 5 years at a rate of -50.5% per year.
Accelerating Growth: Unable to compare CORPBANK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CORPBANK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (25.8%).
Return on Equity
High ROE: CORPBANK has a negative Return on Equity (-37.26%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Corporation 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: CORPBANK has a low level of unsold assets or inventory.
Debt Coverage by Assets: CORPBANK's debt is covered by short term assets (assets are 5.1x 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: CORPBANK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CORPBANK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51.2% each year
Financial Institutions Analysis
Asset Level: CORPBANK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if CORPBANK has a sufficient allowance for bad loans.
Low Risk Liabilities: CORPBANK's liabilities are made up of primarily low risk sources of funding.
Loan Level: CORPBANK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CORPBANK's loans are broadly funded by customer deposits.
Level of Bad Loans: CORPBANK has a high level of bad loans (17.23%)
Next Steps
Dividend
What is Corporation Bank's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CORPBANK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CORPBANK'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 CORPBANK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CORPBANK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CORPBANK is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CORPBANK'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 Corporation Bank's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
P. Bharathi (59yo)
0.8yrs
Tenure
₹2,801,656
Compensation
Mrs. P. V. Bharathi has been Chief Executive Officer, Managing Director and Executive Director of Corporation Bank since February 1, 2019. Mrs. Bharathi served as Executive Director of Canara Bank Limited ...
CEO Compensation Analysis
Compensation vs Market: P.'s total compensation ($USD39.44K) is below average for companies of similar size in the Indian market ($USD633.49K).
Compensation vs Earnings: Insufficient data to compare P.'s compensation with company performance.
Management Age and Tenure
0.8yrs
Average Tenure
Experienced Management: CORPBANK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
1.5yrs
Average Tenure
62yo
Average Age
Experienced Board: CORPBANK's board of directors are not considered experienced ( 1.5 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
| Entity | Company |
| Shares | 3,405,547,226 |
| Max Price | ₹26.68 |
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 164.5%.
Management Team
Santanu Dash (56yo)
Deputy GM
- Tenure: 8.9yrs
- Compensation: ₹1.58m
Birupaksha Mishra
Executive Director
- Tenure: 1yrs
- Compensation: ₹2.64m
Ranjan Sinha
Chief Customer Service Officer
- Tenure: 6.1yrs
P. Bharathi (59yo)
CEO, MD & Director
- Tenure: 0.8yrs
- Compensation: ₹2.80m
V. Muthukrishnan
CFO & GM
- Tenure: 0.7yrs
A. Vinod
Chief Risk Officer
- Tenure: 0.8yrs
A. Vijayakumar
Chief Vigilance Officer
- Tenure: 0.7yrs
Board Members
Manish Gupta
Central Government Nominee Director
- Tenure: 5.7yrs
Birupaksha Mishra
Executive Director
- Tenure: 1yrs
- Compensation: ₹2.64m
Chitra Lal (67yo)
Shareholder Director
- Tenure: 2.3yrs
P. Bharathi (59yo)
CEO, MD & Director
- Tenure: 0.8yrs
- Compensation: ₹2.80m
M. Rao (65yo)
Part Time Non official Director
- Tenure: 0.8yrs
Pradeep Jain (57yo)
Shareholder Director
- Tenure: 2.3yrs
K. Murthy
Non-Official Director
- Tenure: 2yrs
P. Panda
RBI Nominee Director
- Tenure: 0.7yrs
Company Information
Corporation Bank's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Corporation Bank
- Ticker: CORPBANK
- Exchange: NSEI
- Founded: 1906
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₹143.261b
- Shares outstanding: 5.99b
- Website: https://www.corpbank.com
Number of Employees
Location
- Corporation Bank
- P.B. No. 88
- Mangaladevi Temple Road
- Mangalore
- Karnataka
- 575001
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532179 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 1997 |
| CORPBANK | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 1997 |
Biography
Corporation Bank provides banking products and services for individuals and corporate customers in India. It offers savings accounts, current accounts, deposits, loans, agriculture loans, cards, cash manag ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 12:48 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.