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.


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

16.4%

SBIN

11.6%

IN Banks

6.4%

IN Market


1 Year Return

-45.1%

SBIN

-36.5%

IN Banks

-14.8%

IN Market

Return vs Industry: SBIN underperformed the Indian Banks industry which returned -36.3% over the past year.

Return vs Market: SBIN underperformed the Indian Market which returned -14.8% over the past year.


Shareholder returns

SBINIndustryMarket
7 Day16.4%11.6%6.4%
30 Day10.0%10.4%10.6%
90 Day-30.6%-21.2%-7.1%
1 Year-45.1%-45.1%-36.3%-36.5%-13.1%-14.8%
3 Year-34.9%-34.9%-36.1%-36.8%-4.1%-9.2%
5 Year-24.4%-26.0%-17.3%-19.8%23.2%11.7%

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?

8.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBIN (₹187.8) is trading above our estimate of fair value (₹36.64)

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 (8.5x) compared to the Banks industry average (11.4x).

PE vs Market: SBIN is good value based on its PE Ratio (8.5x) compared to the Indian market (10.6x).


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 (0.6x).


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?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBIN's forecast earnings growth (25% per year) is above the savings rate (7.2%).

Earnings vs Market: SBIN's earnings (25% per year) are forecast to grow faster than the Indian market (18.4% per year).

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

Revenue vs Market: SBIN's revenue (12.5% per year) is forecast to grow faster than the Indian market (7.1% per year).

High Growth Revenue: SBIN's revenue (12.5% 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 (12.1%).


Next Steps

Past Performance

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

-19.6%

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 (12.6%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: SBIN's earnings have declined by -19.6% per year over the past 5 years.

Accelerating Growth: SBIN's earnings growth over the past year (731.1%) exceeds its 5-year average (-19.6% per year).

Earnings vs Industry: SBIN earnings growth over the past year (731.1%) exceeded the Banks industry 19.9%.


Return on Equity

High ROE: SBIN's Return on Equity (8.2%) 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


Financial Institutions Analysis

Asset Level: SBIN's Assets to Equity ratio (16.2x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if SBIN has a sufficient allowance for bad loans.

Low Risk Liabilities: 83% 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 (57%).

Low Risk Deposits: SBIN's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: SBIN has a high level of bad loans (7.4%).


Next Steps

Dividend

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

4.02%

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?

2.9yrs

Average management tenure


CEO

Challa Setty (54yo)

0.42

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

NamePositionTenureCompensationOwnership
Dinesh Khara
MD of Global Banking & Subsidiaries and Director3.83yrs₹2.81m0.000030% 502.8k
Arijit Basu
MD of Commercial Clients Group & IT and Directorno data₹2.65m0.000010% 167.6k
Challa Setty
MD & Director0.42yrno datano data
Venkat Chalasani
Deputy MD of International Banking Group0.25yrno datano data
Bommana Babu
Deputy MD & COOno datano datano data
D. Tambe
Deputy MD & Chief Information Officerno datano datano data
Mahindra Kumar
Deputy GMno datano datano data
Sanjay Abhyankar
VP of Compliance3.83yrsno datano data
Siddhartha Sengupta
Deputy Managing Director of International Banking Group6.08yrsno datano data
Sanjiv Chadha
Deputy Managing Director5.42yrsno datano data

2.9yrs

Average Tenure

58yo

Average Age

Experienced Management: SBIN's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dinesh Khara
MD of Global Banking & Subsidiaries and Director3.83yrs₹2.81m0.000030% 502.8k
Arijit Basu
MD of Commercial Clients Group & IT and Directorno data₹2.65m0.000010% 167.6k
Challa Setty
MD & Director0.42yrno datano data
Chandan Sinha
Director3.75yrs₹830.00k0.000010% 167.6k
Sanjiv Malhotra
Director6yrs₹935.00k0.00021% 3.5m
Basant Seth
Independent Director3yrs₹960.00k0.000060% 1.0m
Bhaskar Pramanik
Independent Director3yrs₹1.11m0.00017% 2.8m
Rajnish Kumar
Chairman of the Board2.67yrs₹2.95m0.000010% 167.6k
Pushpendra Rai
Director4.42yrs₹965.00kno data
Purnima Gupta
Independent Part-Time Non-Official Director2.33yrs₹790.00kno data

3.0yrs

Average Tenure

64yo

Average Age

Experienced Board: SBIN's board of directors are considered experienced (3 years average tenure).


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: ₹1.676t
  • 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 REG SUSUSDOct 1996
SBIDLSE (London Stock Exchange)GDR REG SGBUSDOct 1996
SIDDB (Deutsche Boerse AG)GDR REG SDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 13:26
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.