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ICIC

ICICI Prudential Life Insurance NSEI:ICICIPRULI Stock Report

Last Price

₹494.65

Market Cap

₹708.5b

7D

-1.3%

1Y

-20.2%

Updated

27 Jun, 2022

Data

Company Financials +
ICICIPRULI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ICICIPRULI Stock Overview

ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India.

Rewards

Earnings are forecast to grow 27.84% per year

Risk Analysis

No risks detected for ICICIPRULI from our risk checks.

ICICI Prudential Life Insurance Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ICICI Prudential Life Insurance
Historical stock prices
Current Share Price₹494.65
52 Week High₹724.30
52 Week Low₹430.00
Beta0.62
1 Month Change-6.55%
3 Month Change-0.18%
1 Year Change-20.17%
3 Year Change26.59%
5 Year Change4.73%
Change since IPO59.44%

Recent News & Updates

Shareholder Returns

ICICIPRULIIN InsuranceIN Market
7D-1.3%0.1%2.3%
1Y-20.2%-20.0%-0.9%

Return vs Industry: ICICIPRULI matched the Indian Insurance industry which returned -20% over the past year.

Return vs Market: ICICIPRULI underperformed the Indian Market which returned -0.9% over the past year.

Price Volatility

Is ICICIPRULI's price volatile compared to industry and market?
ICICIPRULI volatility
ICICIPRULI Average Weekly Movement4.3%
Insurance Industry Average Movement4.4%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: ICICIPRULI is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ICICIPRULI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200015,530Narayanan Kannanhttps://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India. The company also provides term life, health, savings, annuity, and retirement insurance products; and pension fund management services. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its own sales force and website.

ICICI Prudential Life Insurance Fundamentals Summary

How do ICICI Prudential Life Insurance's earnings and revenue compare to its market cap?
ICICIPRULI fundamental statistics
Market Cap₹708.53b
Earnings (TTM)₹7.59b
Revenue (TTM)₹644.40b

93.3x

P/E Ratio

1.1x

P/S Ratio

Is ICICIPRULI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICICIPRULI income statement (TTM)
Revenue₹644.40b
Cost of Revenue₹568.80b
Gross Profit₹75.60b
Other Expenses₹68.00b
Earnings₹7.59b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.28
Gross Margin11.73%
Net Profit Margin1.18%
Debt/Equity Ratio13.1%

How did ICICIPRULI perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ICICIPRULI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICICIPRULI?

Other financial metrics that can be useful for relative valuation.

ICICIPRULI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA65.5x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does ICICIPRULI's PE Ratio compare to its peers?

ICICIPRULI PE Ratio vs Peers
The above table shows the PE ratio for ICICIPRULI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average78.4x
540719 SBI Life Insurance
72xn/a₹1.1t
540777 HDFC Life Insurance
88.8x17.6%₹1.2t
MFSL Max Financial Services
111.9x30.7%₹282.4b
LICI Life Insurance Corporation of India
41.4x27.6%₹4.2t
ICICIPRULI ICICI Prudential Life Insurance
93.3x27.8%₹708.5b

Price-To-Earnings vs Peers: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the peer average (78.5x).


Price to Earnings Ratio vs Industry

How does ICICIPRULI's PE Ratio compare vs other companies in the Asian Insurance Industry?

Price-To-Earnings vs Industry: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the Indian Insurance industry average (70.2x)


Price to Earnings Ratio vs Fair Ratio

What is ICICIPRULI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICICIPRULI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio93.3x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (93.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).


Share Price vs Fair Value

What is the Fair Price of ICICIPRULI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ICICIPRULI (₹494.65) is trading above our estimate of fair value (₹108.28)

Significantly Below Fair Value: ICICIPRULI is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: ICICIPRULI is poor value based on its PEG Ratio (3.4x)


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Future Growth

How is ICICI Prudential Life Insurance forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICICIPRULI's forecast earnings growth (27.8% per year) is above the savings rate (6.7%).

Earnings vs Market: ICICIPRULI's earnings (27.8% per year) are forecast to grow faster than the Indian market (17.4% per year).

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

Revenue vs Market: ICICIPRULI's revenue is expected to decline over the next 3 years (-11.9% per year).

High Growth Revenue: ICICIPRULI's revenue is forecast to decline over the next 3 years (-11.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICICIPRULI's Return on Equity is forecast to be low in 3 years time (14.9%).


Discover growth companies

Past Performance

How has ICICI Prudential Life Insurance performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ICICIPRULI has high quality earnings.

Growing Profit Margin: ICICIPRULI's current net profit margins (1.2%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: ICICIPRULI's earnings have declined by 19.1% per year over the past 5 years.

Accelerating Growth: ICICIPRULI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ICICIPRULI had negative earnings growth (-20.6%) over the past year, making it difficult to compare to the Insurance industry average (-8.1%).


Return on Equity

High ROE: ICICIPRULI's Return on Equity (8.3%) is considered low.


Discover strong past performing companies

Financial Health

How is ICICI Prudential Life Insurance's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ICICIPRULI's short term assets (₹63.6B) exceed its short term liabilities (₹52.5B).

Long Term Liabilities: ICICIPRULI's short term assets (₹63.6B) do not cover its long term liabilities (₹2,300.3B).


Debt to Equity History and Analysis

Debt Level: ICICIPRULI has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ICICIPRULI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ICICIPRULI's debt is well covered by operating cash flow (152.6%).

Interest Coverage: ICICIPRULI's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


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Dividend

What is ICICI Prudential Life Insurance current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ICICIPRULI's dividend (0.11%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: ICICIPRULI's dividend (0.11%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: ICICIPRULI is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: ICICIPRULI is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: ICICIPRULI is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: ICICIPRULI is not paying a notable dividend for the Indian market.


Discover strong dividend paying companies

Management

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

6.0yrs

Average management tenure


CEO

Narayanan Kannan (56 yo)

4yrs

Tenure

₹72,990,001

Compensation

Mr. Narayanan Srinivasa Kannan, BE, CFA, PGDM is the Chief Executive Officer, Managing Director and Whole-time Director at ICICI Prudential Life Insurance Company Ltd. since June 19, 2018. Mr. Kannan serve...


CEO Compensation Analysis

Compensation vs Market: Narayanan's total compensation ($USD932.54K) is about average for companies of similar size in the Indian market ($USD900.69K).

Compensation vs Earnings: Narayanan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ICICIPRULI's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: ICICIPRULI's board of directors are considered experienced (4.4 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

ICICI Prudential Life Insurance Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ICICI Prudential Life Insurance Company Limited
  • Ticker: ICICIPRULI
  • Exchange: NSEI
  • Founded: 2000
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: ₹708.533b
  • Shares outstanding: 1.44b
  • Website: https://www.iciciprulife.com

Number of Employees


Location

  • ICICI Prudential Life Insurance Company Limited
  • ICICI PruLife Towers
  • 1089, Appasaheb Marathe Marg
  • Mumbai
  • Maharashtra
  • 400025
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.