NSEI:YESBANK

Stock Analysis Report

Executive Summary

Yes Bank Limited provides banking and financial services primarily in India.


Snowflake Analysis

Adequate balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Yes Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YESBANK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.5%

YESBANK

-12.4%

IN Banks

-3.9%

IN Market


1 Year Return

-91.0%

YESBANK

-50.0%

IN Banks

-32.2%

IN Market

Return vs Industry: YESBANK underperformed the Indian Banks industry which returned -47.9% over the past year.

Return vs Market: YESBANK underperformed the Indian Market which returned -30.7% over the past year.


Shareholder returns

YESBANKIndustryMarket
7 Day-8.5%-12.4%-3.9%
30 Day-17.7%-37.8%-26.8%
90 Day-48.8%-45.6%-31.7%
1 Year-90.8%-91.0%-49.8%-50.0%-30.8%-32.2%
3 Year-92.0%-92.3%-44.8%-45.5%-19.5%-23.8%
5 Year-85.0%-85.7%-39.3%-41.3%-10.0%-14.9%

Price Volatility Vs. Market

How volatile is Yes Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yes Bank undervalued compared to its fair value and its price relative to the market?

0.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate YESBANK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate YESBANK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: YESBANK is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: YESBANK is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YESBANK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YESBANK is good value based on its PB Ratio (0.2x) compared to the IN Banks industry average (0.3x).


Next Steps

Future Growth

How is Yes Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

78.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YESBANK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: YESBANK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: YESBANK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: YESBANK's revenue (66.8% per year) is forecast to grow faster than the Indian market (8.8% per year).

High Growth Revenue: YESBANK's revenue (66.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YESBANK is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Yes Bank performed over the past 5 years?

-54.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YESBANK is currently unprofitable.

Growing Profit Margin: YESBANK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: YESBANK is unprofitable, and losses have increased over the past 5 years at a rate of -54.2% per year.

Accelerating Growth: Unable to compare YESBANK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YESBANK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (25.5%).


Return on Equity

High ROE: YESBANK has a negative Return on Equity (-74.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Yes Bank'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: YESBANK has a low level of unsold assets or inventory.

Debt Coverage by Assets: YESBANK's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable YESBANK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: YESBANK is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -10.6% per year.


Financial Institutions Analysis

Asset Level: YESBANK's level of assets compared to its equity is moderate.

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

Low Risk Liabilities: YESBANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: YESBANK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: YESBANK's loans are broadly funded by customer deposits.

Level of Bad Loans: YESBANK has a high level of bad loans (7.64%)


Next Steps

Dividend

What is Yes Bank's current dividend yield, its reliability and sustainability?

8.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YESBANK's dividend (8.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: YESBANK's dividend (8.3%) is in the top 25% of dividend payers in the Indian market (4.06%)


Stability and Growth of Payments

Stable Dividend: YESBANK's dividend payments have been volatile in the past 10 years.

Growing Dividend: YESBANK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: YESBANK is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

Prashant Kumar

0.083

Tenure

Mr. Prashant Kumar has been Chief Executive Officer, Director and Managing Director of YES BANK Ltd. since March 2020. He served as Deputy Managing Director of HR, Corporate Development Officer of State Ba ...


Leadership Team

NamePositionTenureCompensationOwnership
Prashant Kumar
CEO, MD & Director0.083yrno datano data
Shivanand Shettigar
Group President & Group Company Secretaryno datano data0.00094% 2.8m
Anurag Adlakha
Group Chief Financial Officer0.67yrno data0.00012% 360.7k
Anita Pai
Chief Operating Officer0.50yrno datano data
Anup Purohit
Group President & Chief Information Officerno datano data0.0014% 4.2m
K. Somasundaram
Senior President & Head of Complianceno datano data0.0025% 7.5m
Sanjay Nambiar
Group Presidentno datano data0.0015% 4.5m
Jasneet Bachal
Chief Marketing Officer0.50yrno datano data
Nikhil Sahni
Group President GB & National Head Branch Bankingno datano data0.000010% 30.1k
R. Ravichander
Head of Business Development of South & Group Presidentno datano data0.0029% 8.7m

0.5yrs

Average Tenure

Experienced Management: YESBANK's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Prashant Kumar
CEO, MD & Director0.083yrno datano data
Sunil Mehta
Non-Executive Chairman0.083yrno datano data
Rama Gandhi
Additional Director0.92yrno datano data
Mahesh Krishnamurti
Non-Executive Director0.083yrno datano data
Ananth Gopalakrishnan
Additional Director0.083yrno datano data
Partha Sengupta
Nominee Director0.083yrno datano data
Swaminathan Janakiraman
Nominee Director0.083yrno datano data
Atul Bheda
Non-Executive Director0.083yrno datano data

0.08yrs

Average Tenure

62yo

Average Age

Experienced Board: YESBANK's board of directors are not considered experienced ( 0.1 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: YESBANK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.


Top Shareholders

Company Information

Yes Bank Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yes Bank Limited
  • Ticker: YESBANK
  • Exchange: NSEI
  • Founded: 2003
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹300.584b
  • Shares outstanding: 12.55b
  • Website: https://www.yesbank.in

Number of Employees


Location

  • Yes Bank Limited
  • Yes Bank Tower, IFC - 2
  • 15th Floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532648BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2005
YESBANKNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2005

Biography

Yes Bank Limited provides banking and financial services primarily in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers corporate banking services, such as working capital finance, term loans, corporate finance, trade and transaction banking products, cash management and debt capital markets, treasury, liquidity management, and other services. It also provides retail banking products, including secured business, home, car, super bike, commercial vehicle, construction equipment, gold, and personal loans, as well as loans against securities; health care and printing equipment finance; and business banking services to micro, small, and medium enterprises. In addition, the company offers financial and advisory services to ministries under the union and state governments, central and state public sector undertakings, boards, and other affiliates; and banking solutions to banks, non-banking finance and housing finance companies, asset finance companies, insurance companies, small finance and payment banks, mutual funds, financial institutions, private equity funds, cooperative and regional rural banks, capital market participants, primary dealers, depositories, AD II license holders, money changers, and payment aggregators. Further, it provides debit and credit cards, current and savings accounts, and mobile banking services; and transaction banking services comprising escrow, trade finance, supply chain finance, foreign exchange, and bullion trading. Additionally, the company offers loan syndication services; investment banking services, including mergers and acquisition advisory, and capital advisory services; and microcredit, micro-saving, micro-insurance, and remittance services. As of March 31, 2019, it operated 1,120 branches; 2 national operating centers; and 1,456 ATMs and bunch note acceptors. The company was incorporated in 2003 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 Analysis2020/04/03 13:53
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
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.