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.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.9%
SBIN
11.6%
IN Banks
8.9%
IN Market
1 Year Return
-42.1%
SBIN
-44.8%
IN Banks
-30.6%
IN Market
Return vs Industry: SBIN exceeded the Indian Banks industry which returned -43.3% over the past year.
Return vs Market: SBIN underperformed the Indian Market which returned -29.3% over the past year.
Shareholder returns
| SBIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 11.6% | 8.9% |
| 30 Day | -38.3% | -31.8% | -24.8% |
| 90 Day | -44.0% | -39.3% | -29.4% |
| 1 Year | -42.1%-42.1% | -44.6%-44.8% | -29.2%-30.6% |
| 3 Year | -35.7%-36.2% | -38.0%-38.8% | -17.0%-21.5% |
| 5 Year | -29.6%-32.0% | -29.4%-31.7% | -5.4%-10.4% |
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
3 weeks ago | Simply Wall St
Introducing State Bank of India (NSE:SBIN), The Stock That Dropped 12% In The Last Year2 months ago | Simply Wall St
How Much Of State Bank of India (NSE:SBIN) Do Institutions Own?4 months ago | Simply Wall St
Does State Bank of India's (NSE:SBIN) Share Price Gain of 27% Match Its Business Performance?Valuation
Is State Bank of India undervalued compared to its fair value and its price relative to the market?
11.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SBIN (₹186.9) is trading above our estimate of fair value (₹149.92)
Significantly Below Fair Value: SBIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SBIN is poor value based on its PE Ratio (11.8x) compared to the Banks industry average (11.3x).
PE vs Market: SBIN is poor value based on its PE Ratio (11.8x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: SBIN is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: SBIN is overvalued based on its PB Ratio (0.7x) compared to the IN Banks industry average (0.3x).
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?
42.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBIN's forecast earnings growth (42.8% per year) is above the savings rate (6.5%).
Earnings vs Market: SBIN's earnings (42.8% per year) are forecast to grow faster than the Indian market (19.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBIN's revenue (15.2% per year) is forecast to grow faster than the Indian market (8.9% per year).
High Growth Revenue: SBIN's revenue (15.2% 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 (13.4%).
Next Steps
Past Performance
How has State Bank of India performed over the past 5 years?
-34.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBIN has high quality earnings.
Growing Profit Margin: SBIN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SBIN's earnings have declined by -34.2% per year over the past 5 years.
Accelerating Growth: SBIN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SBIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (25.5%).
Return on Equity
High ROE: SBIN's Return on Equity (6.2%) 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
Inventory Level: SBIN has a low level of unsold assets or inventory.
Debt Coverage by Assets: SBIN's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: SBIN's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if SBIN has a sufficient allowance for bad loans.
Low Risk Liabilities: SBIN's liabilities are made up of primarily low risk sources of funding.
Loan Level: SBIN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SBIN's loans are broadly funded by customer deposits.
Level of Bad Loans: SBIN has a high level of bad loans (7.37%)
Next Steps
Dividend
What is State Bank of India's current dividend yield, its reliability and sustainability?
3.21%
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 payouts.
High Dividend: Unable to evaluate SBIN's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
3.6yrs
Average management tenure
CEO
Challa Setty (54yo)
0.17
Tenure
Mr. Challa Sreenivasulu Setty has been Managing Director and Director at State Bank of India since January 20, 2020 and served as its Deputy Managing Director of Stressed Assets Resolution Group until Janu ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD of Retail & Digital Banking and Director | 4.33yrs | ₹2.99m | 0.000050% ₹874.4k | |
| MD of Global Banking & Subsidiaries and Director | 3.58yrs | ₹2.81m | 0.000030% ₹524.6k | |
| MD of Commercial Clients Group & IT and Director | no data | ₹2.65m | 0.000010% ₹174.9k | |
| MD & Director | 0.17yr | no data | no data | |
| Deputy MD of International Banking Group | no data | no data | no data | |
| Deputy MD & COO | no data | no data | no data | |
| Deputy MD & Chief Information Officer | no data | no data | no data | |
| Deputy GM | no data | no data | no data | |
| VP of Compliance | 3.58yrs | no data | no data | |
| Deputy Managing Director of International Banking Group | 5.83yrs | no data | no data |
3.6yrs
Average Tenure
58yo
Average Age
Experienced Management: SBIN's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD of Retail & Digital Banking and Director | 4.33yrs | ₹2.99m | 0.000050% ₹874.4k | |
| MD of Global Banking & Subsidiaries and Director | 3.58yrs | ₹2.81m | 0.000030% ₹524.6k | |
| MD of Commercial Clients Group & IT and Director | no data | ₹2.65m | 0.000010% ₹174.9k | |
| MD & Director | 0.17yr | no data | no data | |
| Director | 3.5yrs | ₹830.00k | 0.000010% ₹174.9k | |
| Director | 5.75yrs | ₹935.00k | 0.00021% ₹3.7m | |
| Independent Director | 2.75yrs | ₹960.00k | 0.000060% ₹1.0m | |
| Independent Director | 2.75yrs | ₹1.11m | 0.00017% ₹3.0m | |
| Chairman of the Board | 2.42yrs | ₹2.95m | 0.000010% ₹174.9k | |
| Part-Time Non-Official Director | 2yrs | ₹790.00k | no data |
2.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: SBIN's board of directors are not considered experienced ( 2.8 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.
Recent Insider Transactions
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: ₹1.749t
- 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 |
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 operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking 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, ATM, 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. The company also provides corporate banking services comprising corporate accounts, working capital and project finance, term loans, deferred payment guarantees, corporate loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms overseas subsidiaries or JVs, and cash management, as well as export and cash and letters of credit products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and credit cards, life and non-life insurance, mutual funds, merchant banking, trustee business, factoring, security trading, pension fund management, and custodial services, as well as primary dealership services in the money market. It operates 22,010 branches and 58,415 ATMs. The company was founded in 1806 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 13:07 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.