NSEI:SBIN

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State Bank of India

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


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

SBINIndustryMarket
7 Day3.9%2.4%1.3%
30 Day17.7%17.3%7.1%
90 Day14.8%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

Valuation

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%).


Next Steps

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%).


Next Steps

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.


Next Steps

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

NamePositionTenureCompensationOwnership
Challa Setty
MD, MD of Retail & Digital Banking and Directorno data₹2.05m0.000010%
₹ 214.9k
Ashwani Bhatia
MD, MD of Global Banking & Subsidiaries and Director0.25yrno datano data
Charanjit Surinder Attra
Chief Financial Officer0.083yrno datano data
Saloni Narayan
Deputy MD & COO0.42yrno datano data
Dhananjaya Tambe
Deputy MD & Chief Information Officerno datano datano data
Mahindra Kumar
Deputy GMno datano datano data
Soma Prasad
Deputy Managing Director & Group Compliance Officerno datano datano data
Rana Ashutosh Singh
Deputy Managing Director HR & Corporate Development Officer0.083yrno datano data
Sanjeev Nautiyal
Deputy Managing Director of FI & MMno datano datano data
Siddhartha Sengupta
Deputy Managing Director of International Banking Group6.5yrsno datano data
Abhijit Chakravorty
Country Head of Bangladesh Operations4.83yrsno datano data
Venkat Chalasani
Deputy Managing Director0.083yrno datano 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

NamePositionTenureCompensationOwnership
Challa Setty
MD, MD of Retail & Digital Banking and Directorno data₹2.05m0.000010%
₹ 214.9k
Ashwani Bhatia
MD, MD of Global Banking & Subsidiaries and Director0.25yrno datano data
Ganesh Natarajan
Director0.42yrno datano data
Chandan Sinha
Nominee Director4.17yrs₹1.82m0.000010%
₹ 214.9k
Mrugank Paranjape
Director0.42yrno datano data
Dinesh Khara
Chairman of the Board0.083yr₹2.94m0.000030%
₹ 644.8k
Pushpendra Rai
Non-Executive Director4.83yrs₹1.55mno data
Ketan Vikamsey
Director0.42yrno datano data
Purnima Gupta
Independent Part-Time Non-Official Director2.75yrs₹1.76mno data
Debasish Panda
Nominee Director0.83yrno datano data
B. Venugopal
Independent Director2.42yrs₹2.44m0.000060%
₹ 1.3m
Sanjeev Maheshwari
Non Executive Director0.92yr₹710.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500112BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 1995
SBINNSEI (National Stock Exchange of India)YesEquity SharesININRMar 1995
SBKF.FOTCPK (Pink Sheets LLC)GDR-EACH REPR 10 EQT SHS INR1(REG'S)USUSDOct 1996
SBIDLSE (London Stock Exchange)GDR-EACH REPR 10 EQT SHS INR1(REG'S)GBUSDOct 1996
SIDDB (Deutsche Boerse AG)GDR-EACH REPR 10 EQT SHS INR1(REG'S)DEEUROct 1996
SBIDLBATS-CHIXE (BATS 'Chi-X Europe')GDR-EACH REPR 10 EQT SHS INR1(REG'S)GBUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 12:32
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.