Yes Bank Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 8:58 pm

Market Cap	64,674 Cr.
Current Price	20.6
High / Low	32.8/19.0
Stock P/E	36.1
Book Value	14.6
Dividend Yield	0.00 %
ROCE	5.81 %
ROE	3.11 %
Face Value	2.00
PEG Ratio	1.54

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Yes Bank Ltd

Competitors of Yes Bank Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Fino Payments Bank Ltd	2,705 Cr.	325	467/249	29.0	77.3	0.00 %	7.07 %	14.4 %	10.0
Yes Bank Ltd	64,674 Cr.	20.6	32.8/19.0	36.1	14.6	0.00 %	5.81 %	3.11 %	2.00
Ujjivan Small Finance Bank Ltd	6,775 Cr.	35.0	61.8/32.0	5.82	28.7	4.28 %	11.1 %	26.7 %	10.0
South Indian Bank Ltd	6,664 Cr.	25.5	36.9/22.3	5.50	33.7	1.18 %	6.19 %	13.8 %	1.00
Karnataka Bank Ltd	8,177 Cr.	216	287/192	6.09	288	2.54 %	6.24 %	13.7 %	10.0
Industry Average	160,572.67 Cr	441.50		15.08	226.20	0.99%	7.14%	13.99%	6.14

All Competitor Stocks of Yes Bank Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Revenue	4,651	4,897	4,947	5,135	5,475	5,874	6,218	6,445	6,714	6,989	7,458	7,725	7,737
Interest	3,140	3,135	3,130	3,287	3,487	3,908	4,117	4,449	4,794	4,975	5,309	5,486	5,544
Expenses	2,025	2,174	2,235	2,214	2,703	3,006	2,881	2,726	2,883	2,948	3,340	2,820	2,984
Financing Profit	-514	-412	-418	-366	-716	-1,041	-780	-730	-962	-934	-1,191	-580	-791
Financing Margin %	-11%	-8%	-8%	-7%	-13%	-18%	-13%	-11%	-14%	-13%	-16%	-8%	-10%
Other Income	812	768	926	785	931	1,113	1,055	1,192	1,267	1,255	1,642	1,271	1,488
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	298	355	508	419	215	72	275	462	304	320	451	691	697
Tax %	25%	25%	27%	25%	25%	24%	25%	25%	25%	24%	-4%	25%	19%
Net Profit	223	266	372	314	160	55	206	347	229	243	467	516	567
EPS in Rs	0.09	0.11	0.15	0.13	0.06	0.02	0.07	0.12	0.08	0.08	0.16	0.16	0.18
Gross NPA %	14.97%	14.65%	13.93%	13.40%	12.90%	2.00%	2.20%	2.00%	2.00%	2.00%	1.70%	1.70%	1.60%
Net NPA %	5.55%	5.29%	4.53%	4.20%	3.60%	1.00%	0.83%	1.00%	0.90%	0.90%	0.60%	0.50%	0.50%

Last Updated: November 6, 2024, 7:30 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	8,294	9,981	11,572	13,533	16,425	20,269	29,624	26,052	20,039	19,019	22,702	27,606	28,886
Interest	6,075	7,265	8,083	8,965	10,627	12,529	19,811	19,258	12,611	12,528	14,800	19,527	20,564
Expenses	1,499	2,055	2,548	3,429	4,790	6,595	11,834	39,246	14,937	8,058	10,371	11,350	11,990
Financing Profit	720	662	940	1,139	1,008	1,144	-2,021	-32,452	-7,509	-1,568	-2,468	-3,272	-3,668
Financing Margin %	9%	7%	8%	8%	6%	6%	-7%	-125%	-37%	-8%	-11%	-12%	-13%
Other Income	1,257	1,722	2,048	2,729	4,218	5,293	4,675	11,956	3,107	3,405	3,883	5,355	5,434
Depreciation	52	64	86	112	173	232	305	342	360	403	433	546	0
Profit before tax	1,926	2,320	2,902	3,756	5,053	6,205	2,349	-20,838	-4,762	1,434	981	1,538	1,766
Tax %	32%	31%	31%	33%	34%	32%	27%	-21%	-27%	26%	25%	16%
Net Profit	1,301	1,611	1,997	2,530	3,340	4,233	1,709	-16,433	-3,489	1,064	736	1,285	1,455
EPS in Rs	7.25	8.94	9.56	12.03	14.63	18.38	7.38	-13.09	-1.39	0.42	0.26	0.45	0.48
Dividend Payout %	17%	18%	19%	17%	16%	15%	27%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	23.83%	23.96%	26.69%	32.02%	26.74%	-59.63%	-1061.56%	78.77%	130.50%	-30.83%	74.59%
Change in YoY Net Profit Growth (%)	0.00%	0.13%	2.73%	5.33%	-5.28%	-86.36%	-1001.93%	1140.32%	51.73%	-161.32%	105.42%

Yes Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	-1%
3 Years:	11%
TTM:	18%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-6%
3 Years:	33%
TTM:	114%

Stock Price CAGR
10 Years:	-18%
5 Years:	-17%
3 Years:	17%
1 Year:	-1%

Return on Equity
10 Years:	-1%
5 Years:	-10%
3 Years:	3%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:26 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	359	361	418	421	456	461	463	2,510	5,011	5,011	5,751	5,754
Reserves	5,449	6,755	11,248	13,342	21,583	25,292	26,424	19,185	28,127	28,688	34,967	36,402
Borrowings	87,878	95,500	117,379	143,363	181,464	275,582	335,982	219,102	226,795	269,403	295,136	346,737
Other Liabilities	5,419	6,390	7,098	8,117	11,556	11,115	17,990	17,036	13,660	15,476	19,350	17,469
Total Liabilities	99,104	109,005	136,143	165,243	215,060	312,450	380,860	257,832	273,593	318,578	355,204	406,362
Fixed Assets	218	277	296	414	612	765	778	730	2,096	2,016	2,156	2,509
CWIP	11	20	26	60	75	72	51	294	63	125	296	357
Investments	42,976	40,933	43,193	48,788	49,982	68,293	89,329	43,748	43,115	51,754	76,749	89,997
Other Assets	55,899	67,775	92,628	115,980	164,391	243,319	290,701	213,061	228,320	264,683	276,003	313,499
Total Assets	99,104	109,005	136,143	165,243	215,060	312,450	380,860	257,832	273,593	318,578	355,204	406,362

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	541	4,436	-2,317	-304	4,384	-21,810	-24,573	-57,721	55,396	23,598	-25,816	9,645
Cash from Investing Activity +	-6,742	-2,785	-3,591	-4,023	-4,478	-8,738	-6,235	14,128	441	-14,566	-13,026	-12,453
Cash from Financing Activity +	6,681	176	7,574	4,989	11,429	35,748	33,039	25,038	-34,942	8,391	11,450	2,771
Net Cash Flow	480	1,826	1,666	662	11,336	5,199	2,231	-18,555	20,895	17,423	-27,392	-38

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-86.00	-93.00	-115.00	-140.00	-177.00	-269.00	-324.00	-180.00	-212.00	-261.00	-285.00	-335.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
ROE %		25%	21%	20%	19%	18%	6%	-68%	-13%	3%	2%	3%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
FIIs	7.92%	8.17%	10.97%	11.37%	12.15%	23.24%	23.10%	23.79%	23.39%	23.79%	22.01%	27.08%
DIIs	45.87%	45.55%	44.01%	43.93%	43.91%	38.19%	37.77%	37.72%	40.68%	41.98%	41.50%	38.10%
Government	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	46.21%	46.28%	45.02%	44.70%	43.94%	38.54%	39.10%	38.47%	35.90%	34.21%	36.47%	34.82%
No. of Shareholders	39,77,238	41,94,149	43,61,345	44,75,215	45,47,534	48,13,411	50,57,387	49,04,795	48,88,441	49,94,636	61,54,888	63,01,444

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Midcap 150 Index Fund	8,570,347	1.56	20.65	287,826	2024-12-18	2877.61%
Nippon India ETF Nifty Midcap 150	7,648,033	1.55	18.43	287,826	2024-12-18	2557.17%
Nippon India Nifty Midcap 150 Index Fund	7,193,327	1.54	17.34	287,826	2024-12-18	2399.19%
Motilal Oswal Nifty Midcap 100 ETF	2,767,347	1.93	6.67	287,826	2024-12-18	861.47%
SBI Nifty Midcap 150 Index Fund	1,972,858	1.55	4.75	287,826	2024-12-18	585.43%
Motilal Oswal Nifty 500 Index Fund	756,031	0.27	1.82	287,826	2024-12-18	162.67%
Navi Nifty Midcap 150 Index Fund	691,144	1.55	1.67	287,826	2024-12-18	140.13%
Edelweiss NIFTY Large Mid Cap 250 Index Fund	287,826	0.79	0.69	287,826	2024-12-18	0%
Nippon India ETF S&P BSE Sensex Next 50	275,785	2.11	0.66	287,826	2024-12-18	-4.18%
SBI S&P BSE Sensex Next 50 ETF	109,244	2.11	0.26	287,826	2024-12-18	-62.05%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Face Value	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	0.45	0.28	0.42	-1.65	-56.11
Diluted EPS (Rs.)	0.44	0.28	0.42	-1.65	-56.11
Cash EPS (Rs.)	0.63	0.40	0.58	-1.25	-12.82
Book Value[Excl.RevalReserv]/Share (Rs.)	14.65	14.16	13.45	13.23	17.29
Book Value[Incl.RevalReserv]/Share (Rs.)	14.65	14.16	13.45	13.23	17.29
Operating Revenue / Share (Rs.)	9.60	7.89	7.59	8.00	20.76
Net Profit / Share (Rs.)	0.44	0.25	0.42	-1.39	-13.09
Net Profit After MI / Share (Rs.)	0.44	0.25	0.42	-1.39	-13.09
Net Profit Margin (%)	4.65	3.24	5.59	-17.41	-63.07
Net Profit After MI And SOA Nargin (%)	4.65	3.24	5.59	-17.41	-63.07
Operating Profit Margin (%)	-14.74	-14.92	-12.30	-34.55	-108.96
Return On Assets (%)	0.31	0.20	0.33	-1.27	-6.37
Return On Equity / Networth (%)	3.04	1.80	3.15	-10.52	-75.74
Net Interest Margin (X)	1.98	2.22	2.03	2.71	2.63
Cost To Income (%)	74.50	73.38	70.55	54.46	36.64
Interest Income / Total Assets (%)	6.79	6.39	5.96	7.32	10.10
Non-Interest Income / Total Assets (%)	1.31	1.16	1.06	1.25	4.63
Operating Profit / Total Assets (%)	-1.00	-0.95	-0.73	-2.53	-11.01
Operating Expenses / Total Assets (%)	2.46	2.48	2.19	2.16	2.66
Interest Expenses / Total Assets (%)	4.80	4.16	3.93	4.60	7.46
Enterprise Value (Rs.Cr.)	395339.39	325548.03	291128.03	259067.88	241333.83
EV Per Net Sales (X)	14.32	14.34	15.31	12.93	9.26
Price To Book Value (X)	1.58	1.06	0.91	1.18	1.30
Price To Sales (X)	2.42	1.91	1.62	1.95	1.08
Retention Ratios (%)	100.00	100.00	100.00	100.00	100.00
Earnings Yield (X)	0.01	0.01	0.03	-0.08	-0.58

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Yes Bank Ltd as of December 19, 2024 is: 16.72

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 19, 2024, Yes Bank Ltd is Overvalued by 18.83% compared to the current share price 20.60

Intrinsic Value of Yes Bank Ltd as of December 19, 2024 is: 20.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 19, 2024, Yes Bank Ltd is Undervalued by 0.19% compared to the current share price 20.60

Last 5 Year EPS CAGR: 23.47%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Yes Bank Ltd:
1. Net Profit Margin: 4.65%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 0% (Industry Average ROCE: 7.14%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0% (Industry Average ROE: 13.99%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 36.1 (Industry average Stock P/E: 15.08)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

YES Bank Ltd. is a Public Limited Listed company incorporated on 21/11/2003 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65190MH2003PLC143249 and registration number is 143249. Currently Company is involved in the business activities of Financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs. 19023.51 Cr. and Equity Capital is Rs. 5010.99 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Banks - Private Sector	YES BANK House, Off Western Express Highway, Mumbai Maharashtra 400055	shareholders@yesbank.in http://www.yesbank.in

Management
Name	Position Held
Mr. R Gandhi	Part Time Chairman & Independent Director
Mr. Prashant Kumar	Managing Director & CEO
Mr. Rajan Pental	Executive Director
Mr. Sharad Sharma	Independent Director
Mr. Sanjay Kumar Khemani	Independent Director
Mr. Sadashiv Srinivas Rao	Independent Director
Ms. Nandita Gurjar	Independent Director
Ms. Rekha Murthy	Independent Director
Mr. Atul Malik	Independent Director
Mr. Thekepat Keshav Kumar	Nominee Director
Mr. Sunil Kaul	Nominee Director
Ms. Shweta Jalan	Nominee Director
Mr. Sandeep Tewari	Nominee Director

FAQ

What is the latest intrinsic value of Yes Bank Ltd?

The latest intrinsic value of Yes Bank Ltd as on 19 December 2024 is ₹16.72, which is 18.83% lower than the current market price of ₹20.60. The stock has a market capitalization of 64,674 Cr. and recorded a high/low of 32.8/19.0 during the current fiscal year 2024-2025. As of Mar 2024, the company has reserves of ₹36,402 Cr and total liabilities of ₹406,362 Cr.

What is the Market Cap of Yes Bank Ltd?

The Market Cap of Yes Bank Ltd is 64,674 Cr..

What is the current Stock Price of Yes Bank Ltd as on 19 December 2024?

The current stock price of Yes Bank Ltd as on 19 December 2024 is 20.6.

What is the High / Low of Yes Bank Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Yes Bank Ltd stocks is 32.8/19.0.

What is the Stock P/E of Yes Bank Ltd?

The Stock P/E of Yes Bank Ltd is 36.1.

What is the Book Value of Yes Bank Ltd?

The Book Value of Yes Bank Ltd is 14.6.

What is the Dividend Yield of Yes Bank Ltd?

The Dividend Yield of Yes Bank Ltd is 0.00 %.

What is the ROCE of Yes Bank Ltd?

The ROCE of Yes Bank Ltd is 5.81 %.

What is the ROE of Yes Bank Ltd?

The ROE of Yes Bank Ltd is 3.11 %.

What is the Face Value of Yes Bank Ltd?

The Face Value of Yes Bank Ltd is 2.00.