ICICI Bank may be overvalued with poor growth indicators, but the 3 analysts following the company give it an average rating of buy. The analysts have set target prices ranging from $27.0 to $30.9 per share, for an average of $28.63. At today's price of $21.99, ICICI Bank is trading -23.19% away from its average target price, suggesting there is an analyst consensus of strong upside potential.
ICICI Bank Limited provides various banking products and services in India and internationally. Based in Mumbai, India, the large-cap Finance company has 130,542 full time employees. ICICI Bank has not offered a regular dividend during the last year.
ICICI Bank has a trailing twelve month P/E ratio of 20.0, compared to an average of 14.34 for the Finance sector. Based on its EPS guidance of 1.26, the company has a forward P/E ratio of 17.5. Based on the average compound growth rate of ICICI Bank's historical and projected earnings per share, which is -46.6%, the company's PEG ratio is -0.41. This indicates that its shares are overvalued.
In contrast, the market is undervaluing ICICI Bank in terms of its equity because its P/B ratio is 0.0. In comparison, the sector average is 1.57. The company's shares are currently trading -96.4% below their Graham number, which suggests that its shares offer investors a margin of safety.
If analysts are giving the the company a decent rating despite its hefty price point, it could be related to its strong cash flows. They might also believe that ICICI Bank's positive margin growth trend will continue.
| 2020-03-31 | 2021-03-31 | 2022-03-31 | |
|---|---|---|---|
| Revenue (MM) | $1,051,206 | $1,186,774 | $1,163,696 |
| Revenue Growth | n/a | 12.9% | -1.94% |
| Net Margins | 9.1% | 15.49% | 21.58% |
| Net Margins Growth | n/a | 70.22% | 39.32% |
| Earnings Per Share | $29.1 | $53.66 | $1.1 |
| EPS Growth | n/a | 84.4% | -97.95% |
| Diluted Shares (MM) | 3,284 | 3,421 | 3,491 |
| Free Cash Flow (MM) | $776,913 | $1,363,271 | $562,515 |
| FCF Growth | n/a | 75.47% | -58.74% |
| Capital Expenditures (MM) | -$18,734 | -$16,882 | -$18,600 |
| Net Debt / EBITDA | 1.53 | 0.01 | -0.14 |
