Executive Summary
State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with reasonable growth potential.
Similar Companies
Share Price & News
How has State Bank of India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBIN is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SBIN's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
3.9%
SBIN
2.4%
IN Banks
1.3%
IN Market
1 Year Return
-29.0%
SBIN
-13.0%
IN Banks
7.6%
IN Market
Return vs Industry: SBIN underperformed the Indian Banks industry which returned -13% over the past year.
Return vs Market: SBIN underperformed the Indian Market which returned 7.6% over the past year.
Shareholder returns
| SBIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 2.4% | 1.3% |
| 30 Day | 17.7% | 17.3% | 7.1% |
| 90 Day | 14.8% | 22.5% | 9.2% |
| 1 Year | -29.0%-29.0% | -13.0%-13.0% | 9.6%7.6% |
| 3 Year | -28.9%-28.9% | -28.8%-29.5% | 4.5%-0.6% |
| 5 Year | -2.5%-4.6% | 3.9%1.6% | 51.0%39.7% |
Long-Term Price Volatility Vs. Market
How volatile is State Bank of India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much Did State Bank of India's(NSE:SBIN) Shareholders Earn From Share Price Movements Over The Last Three Years?2 months ago | Simply Wall St
How Many State Bank of India (NSE:SBIN) Shares Do Institutions Own?3 months ago | Simply Wall St
Need To Know: Analysts Are Much More Bullish On State Bank of India (NSE:SBIN) RevenuesValuation
Is State Bank of India undervalued compared to its fair value and its price relative to the market?
9.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SBIN (₹238.7) is trading above our estimate of fair value (₹88.06)
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 (9.1x) compared to the IN Banks industry average (19.2x).
PE vs Market: SBIN is good value based on its PE Ratio (9.1x) compared to the Indian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: SBIN is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SBIN's PB Ratio (0.8x) is in line with the IN Banks industry average.
Next Steps
Future Growth
How is State Bank of India forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
24.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBIN's forecast earnings growth (24.3% per year) is above the savings rate (7.2%).
Earnings vs Market: SBIN's earnings (24.3% per year) are forecast to grow faster than the Indian market (24.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBIN's revenue (14.8% per year) is forecast to grow faster than the Indian market (11.4% per year).
High Growth Revenue: SBIN's revenue (14.8% 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 (12%).
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Past Performance
How has State Bank of India performed over the past 5 years?
11.4%
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 (14.6%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: SBIN's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: SBIN's earnings growth over the past year (90.8%) exceeds its 5-year average (11.4% per year).
Earnings vs Industry: SBIN earnings growth over the past year (90.8%) exceeded the Banks industry -1.6%.
Return on Equity
High ROE: SBIN's Return on Equity (9.1%) is considered low.
Next Steps
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 (16.1x) is moderate.
Allowance for Bad Loans: SBIN has a low allowance for bad loans (32%).
Low Risk Liabilities: 84% 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 (53%).
Low Risk Deposits: SBIN's Loans to Deposits ratio (67%) is appropriate.
Level of Bad Loans: SBIN has a high level of bad loans (5.4%).
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Dividend
What is State Bank of India current dividend yield, its reliability and sustainability?
2.37%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SBIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SBIN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SBIN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SBIN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SBIN is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SBIN's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
0.3yrs
Average management tenure
CEO
Challa Setty (55 yo)
no data
Tenure
₹2,045,591
Compensation
Mr. Challa Sreenivasulu Setty has been Managing Director of Retail & Digital Banking and Director at State Bank of India since 2020 and January 20, 2020 respectively and served as its Deputy Managing Direc...
CEO Compensation Analysis
Compensation vs Market: Challa's total compensation ($USD27.60K) is below average for companies of similar size in the Indian market ($USD944.22K).
Compensation vs Earnings: Insufficient data to compare Challa's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, MD of Retail & Digital Banking and Director | no data | ₹2.05m | 0.000010% ₹ 214.9k | |
| MD, MD of Global Banking & Subsidiaries and Director | 0.25yr | no data | no data | |
| Chief Financial Officer | 0.083yr | no data | no data | |
| Deputy MD & COO | 0.42yr | no data | no data | |
| Deputy MD & Chief Information Officer | no data | no data | no data | |
| Deputy GM | no data | no data | no data | |
| Deputy Managing Director & Group Compliance Officer | no data | no data | no data | |
| Deputy Managing Director HR & Corporate Development Officer | 0.083yr | no data | no data | |
| Deputy Managing Director of FI & MM | no data | no data | no data | |
| Deputy Managing Director of International Banking Group | 6.5yrs | no data | no data | |
| Country Head of Bangladesh Operations | 4.83yrs | no data | no data | |
| Deputy Managing Director | 0.083yr | no data | no data |
0.3yrs
Average Tenure
59yo
Average Age
Experienced Management: SBIN's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, MD of Retail & Digital Banking and Director | no data | ₹2.05m | 0.000010% ₹ 214.9k | |
| MD, MD of Global Banking & Subsidiaries and Director | 0.25yr | no data | no data | |
| Director | 0.42yr | no data | no data | |
| Nominee Director | 4.17yrs | ₹1.82m | 0.000010% ₹ 214.9k | |
| Director | 0.42yr | no data | no data | |
| Chairman of the Board | 0.083yr | ₹2.94m | 0.000030% ₹ 644.8k | |
| Non-Executive Director | 4.83yrs | ₹1.55m | no data | |
| Director | 0.42yr | no data | no data | |
| Independent Part-Time Non-Official Director | 2.75yrs | ₹1.76m | no data | |
| Nominee Director | 0.83yr | no data | no data | |
| Independent Director | 2.42yrs | ₹2.44m | 0.000060% ₹ 1.3m | |
| Non Executive Director | 0.92yr | ₹710.00k | no data |
0.8yrs
Average Tenure
60yo
Average Age
Experienced Board: SBIN's board of directors are not considered experienced ( 0.8 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 company bio, 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: ₹2.149t
- Shares outstanding: 8.92b
- Website: https://www.sbi.co.in
Number of Employees
Location
- State Bank of India
- State Bank Bhavan
- Corporate Centre
- Mumbai
- Maharashtra
- 400021
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500112 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 1995 |
| SBIN | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 1995 |
| SBKF.F | OTCPK (Pink Sheets LLC) | GDR-EACH REPR 10 EQT SHS INR1(REG'S) | US | USD | Oct 1996 | |
| SBID | LSE (London Stock Exchange) | GDR-EACH REPR 10 EQT SHS INR1(REG'S) | GB | USD | Oct 1996 | |
| SID | DB (Deutsche Boerse AG) | GDR-EACH REPR 10 EQT SHS INR1(REG'S) | DE | EUR | Oct 1996 | |
| SBIDL | BATS-CHIXE (BATS 'Chi-X Europe') | GDR-EACH REPR 10 EQT SHS INR1(REG'S) | GB | USD | Oct 1996 |
Biography
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 o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 12:32 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.