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SBIN

State Bank of IndiaNSEI:SBIN Stock Report

Market Cap

₹4.2t

7D

-6.6%

1Y

92.6%

Updated

26 Nov, 2021

Data

Company Financials +
SBIN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends4/6

SBIN Stock Overview

State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally.

State Bank of India Competitors

Kotak Mahindra Bank

BSE:500247

₹3.9t

Bank of Baroda

BSE:532134

₹459.7b

Punjab National Bank

BSE:532461

₹423.9b

Union Bank of India

BSE:532477

₹298.7b

Price History & Performance

Summary of all time highs, changes and price drops for State Bank of India
Historical stock prices
Current Share Price₹470.50
52 Week High₹542.30
52 Week Low₹242.05
Beta0.97
1 Month Change-9.37%
3 Month Change14.07%
1 Year Change92.63%
3 Year Change65.29%
5 Year Change85.16%
Change since IPO2,371.11%

Recent News & Updates

Oct 17
Does State Bank of India (NSE:SBIN) Deserve A Spot On Your Watchlist?

Does State Bank of India (NSE:SBIN) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jul 03
Here's Why I Think State Bank of India (NSE:SBIN) Is An Interesting Stock

Here's Why I Think State Bank of India (NSE:SBIN) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

SBININ BanksIN Market
7D-6.6%-4.9%-3.3%
1Y92.6%22.7%43.0%

Return vs Industry: SBIN exceeded the Indian Banks industry which returned 27.9% over the past year.

Return vs Market: SBIN exceeded the Indian Market which returned 47.7% over the past year.

Price Volatility

Is SBIN's price volatile compared to industry and market?
SBIN volatility
SBIN Average Weekly Movement3.8%
Banks Industry Average Movement5.5%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: SBIN is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SBIN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1806245,652Swaminathan Janakiramanhttps://www.sbi.co.in

State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking products and services, including current accounts, savings accounts, term deposits, and recurring deposits; home, auto, education, gold, and personal loans, as well as loans against property and securities; and wealth management, mobile and internet banking, demat, foreign inward remittance, safe deposit locker, public provident fund, money transfer, pension policy, and mobile wallet services, as well as cards and inflation indexed national savings securities cumulative bonds.

State Bank of India Fundamentals Summary

How do State Bank of India's earnings and revenue compare to its market cap?
SBIN fundamental statistics
Market Cap₹4.20t
Earnings (TTM)₹286.53b
Revenue (TTM)₹2.01t

14.7x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBIN income statement (TTM)
Revenue₹2.01t
Cost of Revenue₹0
Gross Profit₹2.01t
Expenses₹1.72t
Earnings₹286.53b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)32.11
Gross Margin100.00%
Net Profit Margin14.27%
Debt/Equity Ratio144.6%

How did SBIN perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is State Bank of India undervalued compared to its fair value and its price relative to the market?

14.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBIN (₹470.5) is trading above our estimate of fair value (₹350.24)

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


Price To Earnings Ratio

PE vs Industry: SBIN is good value based on its PE Ratio (14.7x) compared to the Indian Banks industry average (16.9x).

PE vs Market: SBIN is good value based on its PE Ratio (14.7x) compared to the Indian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: SBIN is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: SBIN is overvalued based on its PB Ratio (1.4x) compared to the IN Banks industry average (1.1x).


Future Growth

How is State Bank of India forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBIN's forecast earnings growth (23.8% per year) is above the savings rate (6.7%).

Earnings vs Market: SBIN's earnings (23.8% per year) are forecast to grow faster than the Indian market (20.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SBIN's revenue (13.3% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: SBIN's revenue (13.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBIN's Return on Equity is forecast to be low in 3 years time (14.3%).


Past Performance

How has State Bank of India performed over the past 5 years?

52.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBIN has a high level of non-cash earnings.

Growing Profit Margin: SBIN's current net profit margins (14.3%) are lower than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: SBIN's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: SBIN's earnings growth over the past year (22.1%) is below its 5-year average (52.9% per year).

Earnings vs Industry: SBIN earnings growth over the past year (22.1%) underperformed the Banks industry 32.4%.


Return on Equity

High ROE: SBIN's Return on Equity (10%) is considered low.


Financial Health

How is State Bank of India'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


Financial Institutions Analysis

Asset Level: SBIN's Assets to Equity ratio (16.6x) is moderate.

Allowance for Bad Loans: SBIN has a low allowance for bad loans (30%).

Low Risk Liabilities: 81% of SBIN's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBIN has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: SBIN's Loans to Deposits ratio (65%) is appropriate.

Level of Bad Loans: SBIN has a high level of bad loans (5%).


Dividend

What is State Bank of India current dividend yield, its reliability and sustainability?

0.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBIN's dividend (0.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: SBIN's dividend (0.85%) is low compared to the top 25% of dividend payers in the Indian market (1.44%).


Stability and Growth of Payments

Stable Dividend: SBIN's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBIN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), SBIN's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBIN's dividends in 3 years are forecast to be well covered by earnings (18% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Swaminathan Janakiraman (57 yo)

0.83

Tenure

₹511,645

Compensation

Shri. Swaminathan Janakiraman serves as Managing Director of Risk, Compliance and Stresses Assets Resolution Group (R, C & SARG) and serves as its Director at State Bank of India since January 28, 2021. He...


CEO Compensation Analysis

Compensation vs Market: Swaminathan's total compensation ($USD6.87K) is below average for companies of similar size in the Indian market ($USD1.14M).

Compensation vs Earnings: Insufficient data to compare Swaminathan's compensation with company performance.


Leadership Team

Experienced Management: SBIN's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SBIN's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

State Bank of India's employee growth, exchange listings and data sources


Key Information

  • Name: State Bank of India
  • Ticker: SBIN
  • Exchange: NSEI
  • Founded: 1806
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹4.199t
  • Shares outstanding: 8.92b
  • Website: https://www.sbi.co.in

Number of Employees


Location

  • State Bank of India
  • State Bank Bhavan
  • 14th Floor
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 15:50
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.