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City Union Bank

NSEI:CUB
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CUB
NSEI
₹141B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

City Union Bank Limited provides various banking products and services to personal and corporate clients in India. The last earnings update was 52 days ago. More info.


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CUB Share Price and Events
7 Day Returns
3.2%
NSEI:CUB
3.1%
IN Banks
0.4%
IN Market
1 Year Returns
21.8%
NSEI:CUB
15.6%
IN Banks
2%
IN Market
CUB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
City Union Bank (CUB) 3.2% 8.1% -0.7% 21.8% 154.4% 337.9%
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
  • CUB outperformed the Banks industry which returned 15.6% over the past year.
  • CUB outperformed the Market in India which returned 2% over the past year.
Price Volatility
CUB
Industry
5yr Volatility vs Market

CUB Value

 Is City Union 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
Here we compare the current share price of City Union Bank 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 City Union Bank.

NSEI:CUB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= ₹78.97 * 15.6%
₹12.29
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. ₹78.97
Discount Rate (Cost of Equity) See below 14.4%
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:CUB
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%) (7.27%))
0.743
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

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

The calculations below outline how an intrinsic value for City Union Bank 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:CUB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.6% – 14.43%) * ₹78.97)
₹0.90
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹0.90 / (14.43% - 7.55%)
₹13.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹78.97 + ₹13.03
₹92
NSEI:CUB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:CUB represents 1.00235x of BSE:532210
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00235x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 92.00 x 1.00235
₹92.22
Value per share (INR) From above. ₹92.22
Current discount Discount to share price of ₹192.55
= -1 x (₹192.55 - ₹92.22) / ₹92.22
-108.8%

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

  • The current share price of City Union Bank 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 City Union Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are City Union Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CUB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹9.25
BSE:532210 Share Price ** BSE (2019-03-20) in INR ₹192.1
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 City Union Bank.

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

= BSE:532210 Share Price ÷ EPS (both in INR)

= 192.1 ÷ 9.25

20.76x

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

  • City Union Bank is good value based on earnings compared to the IN Banks industry average.
  • City Union Bank is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does City Union Bank's expected growth come at a high price?
Raw Data
NSEI:CUB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
16.6%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 .

NSEI:CUB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.76x ÷ 16.6%

1.25x

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

  • City Union Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on City Union Bank's assets?
Raw Data
NSEI:CUB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹61.21
BSE:532210 Share Price * BSE (2019-03-20) in INR ₹192.1
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:CUB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532210 Share Price ÷ Book Value per Share (both in INR)

= 192.1 ÷ 61.21

3.14x

* Primary Listing of City Union Bank.

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

  • City Union Bank is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess City Union 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. City Union 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.

CUB Future Performance

 How is City Union Bank expected to perform in the next 1 to 3 years based on estimates from 11 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
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is City Union Bank expected to grow at an attractive rate?
  • City Union Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • City Union Bank's earnings growth is positive but not above the India market average.
  • City Union Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CUB Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CUB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 16.6%
NSEI:CUB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 14.4%
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:CUB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CUB Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 26,169 11,908 1
2021-03-31 21,959 9,588 10
2020-03-31 18,786 8,075 11
2019-03-31 16,206 6,869 9
NSEI:CUB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 17,355 6,599
2018-09-30 16,775 6,366
2018-06-30 16,097 6,133
2018-03-31 15,446 -29,200 5,920
2017-12-31 15,082 5,688
2017-09-30 14,648 5,406
2017-06-30 14,224 5,196
2017-03-31 13,817 -26,740 5,028
2016-12-31 13,175 4,861
2016-09-30 12,510 4,726
2016-06-30 11,974 4,567
2016-03-31 11,604 -28,347 4,447

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • City Union Bank's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • City Union Bank's revenue is expected to grow by 14.4% 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:CUB 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 11 Analyst Estimates (S&P Global) See Below

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

NSEI:CUB Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 16.30 16.30 16.30 1.00
2021-03-31 13.53 16.70 11.90 10.00
2020-03-31 11.34 13.90 10.10 11.00
2019-03-31 9.56 10.50 8.80 10.00
NSEI:CUB Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 9.25
2018-09-30 8.94
2018-06-30 8.64
2018-03-31 8.35
2017-12-31 8.03
2017-09-30 7.64
2017-06-30 7.32
2017-03-31 6.94
2016-12-31 6.70
2016-09-30 6.52
2016-06-30 6.31
2016-03-31 6.15

*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.
  • City Union Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess City Union 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.
City Union Bank has a total score of 2/6, 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.

CUB Past Performance

  How has City Union Bank 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 City Union 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.
  • City Union Bank's year on year earnings growth rate has been positive over the past 5 years.
  • City Union Bank's 1-year earnings growth exceeds its 5-year average (16% vs 13.3%)
  • City Union Bank's earnings growth has exceeded the IN Banks industry average in the past year (16% vs 3.1%).
Earnings and Revenue History
City Union 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 City Union Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CUB 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 17,355.36 6,598.70 6,878.63
2018-09-30 16,775.25 6,365.56 6,749.97
2018-06-30 16,097.10 6,133.23 6,647.14
2018-03-31 15,446.47 5,919.98 6,539.42
2017-12-31 15,081.75 5,687.51 6,204.80
2017-09-30 14,648.40 5,405.80 6,209.35
2017-06-30 14,224.26 5,195.66 6,151.29
2017-03-31 13,817.44 5,027.69 6,017.17
2016-12-31 13,174.95 4,861.24 5,404.56
2016-09-30 12,510.05 4,725.58 5,233.75
2016-06-30 11,973.82 4,566.61 4,953.92
2016-03-31 11,604.22 4,446.93 4,805.34
2015-12-31 11,115.22 4,315.36 4,508.07
2015-09-30 11,006.45 4,211.82 4,478.92
2015-06-30 10,576.46 4,070.84 4,456.98
2015-03-31 10,289.54 3,950.20 4,496.80
2014-12-31 10,385.62 3,792.91 4,274.27
2014-09-30 9,855.51 3,656.74 4,198.39
2014-06-30 9,022.05 3,562.81 4,131.10
2014-03-31 8,718.45 3,470.74 4,064.15
2013-12-31 8,574.75 3,462.06 3,403.25
2013-09-30 8,224.69 3,423.48 3,327.01
2013-06-30 8,450.12 3,384.16 1,581.85
2013-03-31 7,772.17 3,220.17 3,140.93
2012-12-31 7,263.60 3,115.16 2,668.22
2012-09-30 6,760.66 2,985.28 2,500.51
2012-06-30 6,508.81 2,956.27 2,483.89
2012-03-31 6,140.84 2,802.52 2,393.79

*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.
  • City Union Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • City Union Bank used its assets more efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if City Union Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess City Union 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.
City Union Bank has a total score of 4/6, 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.

CUB Health

 How is City Union 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 City Union 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 City Union Bank Company Filings, last reported 2 months ago.

NSEI:CUB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 44,709.67 10,263.36 16,886.67
2018-09-30 44,709.67 10,263.36 16,886.67
2018-06-30 41,632.35 17,358.81 11,374.16
2018-03-31 41,632.35 17,358.81 11,374.16
2017-12-31 38,465.28 6,931.20 15,248.70
2017-09-30 38,465.28 6,931.20 15,248.70
2017-06-30 35,701.98 5,309.97 16,796.30
2017-03-31 35,701.98 5,309.97 16,796.30
2016-12-31 32,992.65 644.94 13,690.41
2016-09-30 32,992.65 644.94 13,690.41
2016-06-30 30,519.96 1,125.46 15,003.10
2016-03-31 30,519.96 6,645.46 15,003.10
2015-12-31 29,192.02 1,408.09 12,828.58
2015-09-30 29,192.02 1,408.09 12,828.58
2015-06-30 26,955.22 1,688.16 15,843.22
2015-03-31 26,955.22 1,688.16 15,843.22
2014-12-31 25,676.03 3,717.99 11,219.22
2014-09-30 25,676.03 3,717.99 11,219.22
2014-06-30 20,249.32 3,049.84 12,676.86
2014-03-31 20,249.32 3,049.84 12,676.86
2013-12-31 19,422.28 6,170.14 9,973.20
2013-09-30 19,422.28 6,170.14 9,973.20
2013-06-30 16,406.69 4,767.39 10,163.36
2013-03-31 16,406.69 4,767.39 8,464.57
2012-12-31 13,994.84 4,966.48 10,447.10
2012-09-30 13,994.84 4,966.48 10,447.10
2012-06-30 12,431.00 3,487.00 4,960.00
2012-03-31 12,430.97 3,487.03 4,960.02
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.
  • City Union Bank has an acceptable proportion of non-loan assets held.
  • City Union Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at City Union Bank are broadly funded by customer deposits.
  • City Union Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if City Union Bank has a sufficient allowance for bad loans without relevant financial data.
  • City Union Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess City Union 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. City Union 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.

CUB Dividends

 What is City Union 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
0.14%
Current annual income from City Union Bank dividends. Estimated to be 0.23% next year.
If you bought ₹2,000 of City Union Bank shares you are expected to receive ₹3 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?
  • City Union Bank's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • City Union 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:CUB 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 11 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:CUB Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.50 1.00
2021-03-31 0.48 5.00
2020-03-31 0.44 5.00
2019-03-31 0.40 5.00
NSEI:CUB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-03 0.273 0.151
2018-05-24 0.273 0.160
2017-07-28 0.248 0.160
2017-05-29 0.248 0.168
2016-05-23 0.992 0.885
2016-02-11 1.653 2.194
2015-08-03 0.909 1.230
2015-05-26 0.909 1.088
2014-07-30 0.826 1.119
2014-07-17 0.826 1.287
2014-07-14 0.826 1.309
2014-05-26 0.826 1.375
2013-08-02 0.826 2.045
2013-05-20 0.826 1.856
2013-02-08 1.653 3.618
2012-08-03 0.826 1.792
2011-08-11 0.703 1.842
2011-05-27 0.703 1.829
2010-06-29 0.620 1.685
2009-06-11 0.620 2.750
2009-03-23 0.413 2.936

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

  • City Union Bank is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • City Union Bank is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of City Union Bank's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of City Union Bank's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • No need to calculate the sustainability of City Union Bank's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess City Union 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 City Union Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. City Union Bank has a total score of 0/6, see the detailed checks below.


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

CUB Management

 What is the CEO of City Union 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.
CEO
N. V. Kamakodi
COMPENSATION ₹20,123,170
AGE 44
TENURE AS CEO 7.8 years
CEO Bio

Dr. N. V. Narayanan Kamakodi, B.Tech., MBA, CAIIB, Ph.D. has been an Managing Director and Chief Executive Officer of City Union Bank Ltd. since May 1, 2011. and served as its Executive President since January 3, 2011. Dr. Kamakodi served as Executive Director of City Union Bank Ltd. since October 2006. He served as the General Manager of City Union Bank Ltd. since March 2005. He was actively involved in the various aspects of banking. He has been a Director of City Union Bank Ltd. since April 27, 2011. Dr. Kamakodi was associated with Reliance Industries Limited as an Assistant Manager. Thereafter, he was associated with Bupro, a business processes outsourcing company. He has been associated with Bank since 2003. He is in charge of the overall operations of the Bank. Dr. Kamakodi has a bachelor of technology degree in chemical engineering from Bharathidasan University, a master of business administration degree from the Chinese University of Hong Kong, a doctorate of philosophy in e-banking from Sastra University and is also a certified associate of the Indian Institute of Bankers.

CEO Compensation
  • N. V.'s compensation has increased by more than 20% in the past year.
  • N. V.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

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

5.8
Average Tenure
55
Average Age
  • The average tenure for the City Union Bank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

N. V. Kamakodi

TITLE
MD, CEO & Director
COMPENSATION
₹20M
AGE
44
TENURE
7.8 yrs

V. Ramesh

TITLE
Secretary
COMPENSATION
₹3M
AGE
55
TENURE
3.7 yrs

R. Venkatasubramanian

TITLE
Chief GM & COO
AGE
56
TENURE
2.2 yrs

K. Jayaraman

TITLE
Deputy GM & Chief Risk Officer
TENURE
0.9 yrs

R. Sivalingam

TITLE
Chief Manager
AGE
58
TENURE
8.3 yrs

V. Gopalakrishnan

TITLE
Deputy General Manager
AGE
47
TENURE
22.9 yrs
Board of Directors Tenure

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

2.8
Average Tenure
59.5
Average Age
  • The average tenure for the City Union Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Seturaman Mahalingam

TITLE
Non-Executive Chairman of the Board
COMPENSATION
₹3M
AGE
70
TENURE
2.8 yrs

N. V. Kamakodi

TITLE
MD, CEO & Director
COMPENSATION
₹20M
AGE
44
TENURE
12.4 yrs

R. Ramabadran Mohan

TITLE
Independent Director
COMPENSATION
₹2M
AGE
63
TENURE
4.8 yrs

S. Bernard

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
68
TENURE
2.6 yrs

Veezhinathan Kamakoti

TITLE
Independent Director
COMPENSATION
₹2M
AGE
50
TENURE
7.9 yrs

Abarna Bhaskar

TITLE
Independent Director
COMPENSATION
₹2M
AGE
56
TENURE
4.4 yrs

Mahalinga Narayanan

TITLE
Independent Director
COMPENSATION
₹1M
AGE
73
TENURE
2.8 yrs

Subramaniam Narayanan

TITLE
Independent Director
COMPENSATION
₹680K
AGE
57
TENURE
1.8 yrs

V. N. Shankar

TITLE
Additional Director
COMPENSATION
₹100K
AGE
47
TENURE
1.1 yrs

T. Sridhar

TITLE
Additional Director
COMPENSATION
₹110K
AGE
62
TENURE
1.1 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 (₹)
04. Jun 18 Sell R. Venkatasubramanian Individual 04. Apr 18 31. May 18 -18,700 ₹170.01 ₹-3,179,199
X
Management checks
We assess City Union 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. City Union 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.

CUB News

Simply Wall St News

Have Insiders Been Selling City Union Bank Ltd. (NSE:CUB) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in City Union Bank Ltd. … See our latest analysis for City Union Bank. … City Union Bank Insider Transactions Over The Last Year

Simply Wall St -

What Kind Of Shareholders Own City Union Bank Limited (NSE:CUB)?

Every investor in City Union Bank Limited (NSE:CUB) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹137b, City Union Bank is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for City Union Bank

Simply Wall St -

Here's What City Union Bank Limited's (NSE:CUB) P/E Ratio Is Telling Us

We'll look at City Union Bank Limited's (NSE:CUB) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, City Union Bank's P/E ratio is 19.13. … How Do You Calculate City Union Bank's P/E Ratio

Simply Wall St -

Is City Union Bank Limited (NSE:CUB) Undervalued After Accounting For Its Future Growth?

Looking at City Union Bank Limited’s (NSE:CUB) fundamentals some investors are wondering if its last closing price of ₹189.45 represents a good value for money for this high growth stock. … Check out our latest analysis for City Union Bank? … The excitement around City Union Bank's growth potential is not unfounded

Simply Wall St -

City Union Bank Limited (NSE:CUB): Will The Growth Last?

Based on City Union Bank Limited's (NSE:CUB) earnings update in September 2018,. … the consensus outlook from analysts appear fairly confident, … with earnings expected to grow by 19% in the upcoming year

Simply Wall St -

Is City Union Bank Limited's (NSE:CUB) CEO Overpaid Relative To Its Peers?

Kamakodi became the CEO of City Union Bank Limited (NSE:CUB) in 2011N … See our latest analysis for City Union Bank. … At the time of writing our data says that City Union Bank Limited has a market cap of ₹142b, and is paying total annual CEO compensation of ₹20m.

Simply Wall St -

Understated Factors To Consider Before Investing In City Union Bank Limited (NSE:CUB)

City Union Bank Limited’s (NSE:CUB) 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 ₹122b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like City Union Bank to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Is City Union Bank Limited's (NSE:CUB) Stock Available For A Good Price After Accounting For Growth?

City Union Bank Limited (NSE:CUB) is considered a high growth stock. … View our latest analysis for City Union Bank? … If you are bullish about City Union Bank's growth potential then you are certainly not alone

Simply Wall St -

Is City Union Bank Limited's (NSE:CUB) CEO Salary Justified?

Kamakodi is the CEO of City Union Bank Limited (NSE:CUB), which has recently grown to a market capitalization of ₹137.52b. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Why Are Insiders Cautious About City Union Bank Limited's (NSE:CUB) Shares?

some insider selling over the past three months, with insiders divesting from. … Generally, insiders selling shares in their own firm sends a bearish signal. … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market

Simply Wall St -

CUB Company Info

Description

City Union Bank Limited provides various banking products and services to personal and corporate clients in India. It operates through four segments: Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations. The company offers savings and current accounts; salary accounts; and fixed deposits, flexi fix, recurring, and tax saver deposits. It also provides four and two wheeler loans, educational loans, housing loans, consumer and jewel loans, cash credits, working capital loans, bank guarantees, letters of credit, bills finance, foreign currency loans, and overdrafts. In addition, the company offers ATM services; locker facilities, cards, and cash management services; and real time gross settlement and national electronic fund transfer services. As of February 18, 2019, it operated through a network of 620 branches. The company was formerly known as The Kumbakonam City Union Bank Limited and changed its name to City Union Bank Limited in November 1987. City Union Bank Limited was incorporated in 1904 and is based in Kumbakonam, India.

Details
Name: City Union Bank Ltd.
CUB
Exchange: NSEI
Founded: 1904
₹141,097,607,137
734,500,818
Website: http://www.cityunionbank.com
Address: City Union Bank Ltd.
Narayana No. 24 B,
Gandhi Nagar,
Kumbakonam,
Tamil Nadu, 612001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532210 Equity Shares Mumbai Stock Exchange IN INR 09. Sep 1998
NSEI CUB Equity Shares National Stock Exchange of India IN INR 09. Sep 1998
Number of employees
Current staff
Staff numbers
5,319
City Union Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:46
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/01/28
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.