Jana Small Finance Bank Valuation

Q: What is the Fair Price of JSFB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

JSFB (₹413.4) is trading above our estimate of [[fair value]] (₹407.73)

Is JSFB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JSFB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JSFB (₹413.4) is trading above our estimate of fair value (₹407.73)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JSFB?

Key metric: As JSFB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JSFB. This is calculated by dividing JSFB's market cap by their current earnings.
What is JSFB's PE Ratio?
PE Ratio	6x
Earnings	₹7.24b
Market Cap	₹43.24b

JSFB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

How does JSFB's PE Ratio compare to its peers?

The above table shows the PE ratio for JSFB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.5x
UTKARSHBNK Utkarsh Small Finance Bank	8.6x	32.6%	₹39.9b
DCBBANK DCB Bank	6.5x	19.1%	₹36.8b
SOUTHBANK South Indian Bank	4.9x	8.7%	₹59.7b
KTKBANK Karnataka Bank	5.8x	7.8%	₹78.4b
JSFB Jana Small Finance Bank	6x	4.8%	₹43.2b

Price-To-Earnings vs Peers: JSFB is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does JSFB's PE Ratio compare vs other companies in the IN Banks Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: JSFB is good value based on its Price-To-Earnings Ratio (6x) compared to the Indian Banks industry average (9.8x).

Price to Earnings Ratio vs Fair Ratio

What is JSFB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JSFB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6x
Fair PE Ratio	8.1x

Price-To-Earnings vs Fair Ratio: JSFB is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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