Stock Updates

Is this Large Market Cap Stock target price reasonable for ICICI Bank Ltd. (NYSE:IBN)?

The company in question is, ICICI Bank Ltd. (NYSE:IBN) currently with a stock price of 7.62 (4.81% today). The market cap for ICICI Bank Ltd. is 22162.47, and is in the sector Financial, and Money Center Banks industry. The target price for ICICI Bank Ltd. is 9.7. Currently ICICI Bank Ltd. is trading with a P/E of 23.89, and a forward P/E of 13.58. Average volume for ICICI Bank Ltd. is 8639.91 and so far today it is 13710800.

Performance in the last year for ICICI Bank Ltd. has been -15.53%. For EPS growth, ICICI Bank Ltd. has seen a growth of -16.90%, and is looking to grow in the next year to 25.22%. More long term stats show that EPS growth has been 13.00% over the last five years and could be 22.00% for the next five years. ICICI Bank Ltd. has seen sales growth quarter over quarter at -0.80%, with EPS growth quarter over quarter at -22.20%. The 20-day simple moving average is -0.25%, with the 200-day simple moving average coming to 8.55%.

Since the IPO date for ICICI Bank Ltd. on the 3/28/2000, ICICI Bank Ltd. has seen performance year to date to be -0.64%. With ICICI Bank Ltd. trading at 7.62, the dividend yield is 1.97%, and the EPS is 0.32.

So could ICICI Bank Ltd., be undervalued? Well as said before P/E is 23.89. The PEG is 1.09, P/S is 4.92 and the P/B is at *TBA. The P/cash is *TBA, with P/free cash flow at *TBA.

ICICI Bank Ltd. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at *TBA, and total debt/equity at *TBA.

In terms of margins, ICICI Bank Ltd. has a gross margin of *TBA, an operating margin of *TBA and a profit margin of 0.00%.Payout ratio for ICICI Bank Ltd. is 0.00%. Return on assets come to *TBA with return on investment coming to 4.50%.

Insider ownership for ICICI Bank Ltd., is at 62.40% and institutional ownership comes to 22.50%. Outstanding shares are at 2908.46. While shares float is 2902.88. The float short is currently 0.46%, and short ratio is 1.55.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Stephen Butters

Leave a Comment