ICICI Bank Ltd. provides banking and financial services in India and internationally. The company was founded in 1955 and is based in Mumbai, India.
IBN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Icici Bank Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Icici Bank Ltd ranked in the 98th percentile in terms of potential gain offered. Our DCF model suggests the stock is undervalued by 18454.5%; returns of such proportions should be viewed with some skepticism, though. In terms of the factors that were most noteworthy in this DCF analysis for IBN, they are:
In the past 3 years, Icici Bank Ltd has a compound free cash flow growth rate of 0.28%; that's better than 76.64% of cash flow producing equities in the Financial Services sector, where it is classified.
Icici Bank Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SIEB, VCTR, QIWI, AMTD, and NMIH can be thought of as valuation peers to IBN, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
The S&P BSE Sensex and NSE Nifty 50 indexes fell sharply in trade on Tuesday as rising COVID-19 cases in the country amid weak global cues rattled investors' sentiment. The Sensex fell as much as 816 points and Nifty 50 index briefly dropped below its important psychological level 10,600. HDFC, HDFC Bank, Reliance Industries, ICICI Bank, Axis Bank, Kotak Mahindra Bank and ITC were among the top drags on the Sensex.
The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in afternoon deals on the back of a broad-based selling pressure. The benchmarks opened lower amid weak global cues and rising COVID-19 cases in the country. The Sensex fell as much as 816 points and Nifty dropped below its important psychological level 10,600. HDFC, HDFC Bank, Reliance Industries, ICICI Bank, Axis Bank, Kotak Mahindra Bank and ITC were among the top drags on the Sensex.
SBI, HDFC Bank and ICICI Bank are offering extra interest rates over the existing senior citizen interest rates for fixed deposit.The special FD scheme for senior citizens is applicable till 30 September 2020