NSEI:SBIN

Stock Analysis Report

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.

Snowflake

Fundamentals

Adequate balance sheet with moderate 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


Market Performance


7 Day Return

4.3%

SBIN

3.1%

IN Banks

3.1%

IN Market


1 Year Return

1.7%

SBIN

10.2%

IN Banks

3.7%

IN Market

Return vs Industry: SBIN underperformed the Indian Banks industry which returned 10.2% over the past year.

Return vs Market: SBIN underperformed the Indian Market which returned 3.7% over the past year.


Shareholder returns

SBINIndustryMarket
7 Day4.3%3.1%3.1%
30 Day-5.3%5.7%5.7%
90 Day-25.4%-5.5%1.4%
1 Year1.7%1.7%10.6%10.2%5.9%3.7%
3 Year3.6%2.7%17.5%16.0%22.3%16.0%
5 Year6.6%2.9%21.6%17.7%42.5%28.9%

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?

24.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SBIN (₹265.45) is trading above our estimate of fair value (₹117.3)

Significantly Undervalued: 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 (25x) compared to the Banks industry average (19.9x).

PE vs Market: SBIN is poor value based on its PE Ratio (25x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: SBIN is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: SBIN is overvalued based on its PB Ratio (1x) compared to the IN Banks industry average (0.5x).


Next Steps

Future Growth

How is State Bank of India forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?

32.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBIN's forecast earnings growth (32% per year) is above the savings rate (7.6%).

Earnings vs Market: SBIN's earnings (32% per year) are forecast to grow faster than the Indian market (18.2% per year).

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

Revenue vs Market: SBIN's revenue (10.5% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: SBIN's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

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

-52.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SBIN's earnings have declined by -52.6% 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 (25.2%).


Return on Equity

High ROE: SBIN's Return on Equity (4.4%) is considered low.


Return on Assets

ROA vs Industry: SBIN's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SBIN's Return on Capital Employed to determine if it has improved over the past 3 years.


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 0.7x 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 (7.73%)


Next Steps

Dividend

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

1.90%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of State Bank of India's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

State Bank of India has no CEO, or we have no data on them.


Management Age and Tenure

3.5yrs

Average Tenure

58.5yo

Average Age

Experienced Management: SBIN's management team is considered experienced (3.5 years average tenure).


Board Age and Tenure

3.2yrs

Average Tenure

64yo

Average Age

Experienced Board: SBIN's board of directors are considered experienced (3.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

Sell₹4,716,828,52215 Oct 19
India
EntityCompany
Shares19,107,691
Max Price₹246.85
Sell₹13,099,705,80522 Feb 19
India
EntityCompany
Shares50,431,982
Max Price₹259.75
Buy₹2,794,00021 Dec 18
Sanjiv Malhotra
EntityIndividual
Role
Member of the Board of Directors
Director
Shares9,600
Max Price₹291.04

Ownership Breakdown


Management Team

  • Arijit Basu (59yo)

    MD of Commercial Clients Group & IT and Director

    • Tenure: 0yrs
    • Compensation: ₹2.65m
  • Bommana Babu (58yo)

    Deputy MD & COO

    • Tenure: 0yrs
  • Dinesh Khara (58yo)

    MD of Global Banking & Subsidiaries and Director

    • Tenure: 3.2yrs
    • Compensation: ₹2.81m
  • Siddhartha Sengupta (60yo)

    Deputy Managing Director of International Banking Group

    • Tenure: 5.4yrs
  • Sanjiv Chadha

    Deputy Managing Director

    • Tenure: 4.8yrs
  • Prashant Kumar

    Deputy MD of HR and Corporate Development Officer & CFO

    • Tenure: 1.1yrs
  • Abhijit Chakravorty

    Country Head of Bangladesh Operations

    • Tenure: 3.8yrs
  • Sanjay Abhyankar

    VP of Compliance

    • Tenure: 3.2yrs
  • Mahindra Kumar

    Deputy GM

    • Tenure: 0yrs
  • D. Tambe

    Deputy MD & Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Chandan Sinha (62yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: ₹830.00k
  • Arijit Basu (59yo)

    MD of Commercial Clients Group & IT and Director

    • Tenure: 0yrs
    • Compensation: ₹2.65m
  • Sanjiv Malhotra (68yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: ₹935.00k
  • Basant Seth (67yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: ₹960.00k
  • Parveen Gupta (59yo)

    MD of Retail & Digital Banking and Director

    • Tenure: 3.9yrs
    • Compensation: ₹2.99m
  • Bhaskar Pramanik (68yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: ₹1.11m
  • Rajnish Kumar (61yo)

    Chairman of the Board

    • Tenure: 2yrs
    • Compensation: ₹2.95m
  • Dinesh Khara (58yo)

    MD of Global Banking & Subsidiaries and Director

    • Tenure: 3.2yrs
    • Compensation: ₹2.81m
  • Girish Ahuja (73yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: ₹265.00k
  • Pushpendra Rai (66yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: ₹965.00k

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: ₹2.369t
  • 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

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 Analysis2019/10/18 12:43
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.