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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532648 | NSE: YESBANK

Yes Bank Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 6:27 pm

Market Cap 60,502 Cr.
Current Price 19.3
High / Low32.8/19.0
Stock P/E33.8
Book Value 14.3
Dividend Yield0.00 %
ROCE5.83 %
ROE3.18 %
Face Value 2.00
PEG Ratio1.44

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

View Share Price Target for Yes Bank Ltd

Competitors of Yes Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Fino Payments Bank Ltd 2,956 Cr. 355467/24931.6 77.30.00 %7.07 %14.4 % 10.0
Yes Bank Ltd 60,502 Cr. 19.332.8/19.033.8 14.30.00 %5.83 %3.18 % 2.00
Ujjivan Small Finance Bank Ltd 6,575 Cr. 34.063.0/33.95.65 28.74.41 %11.1 %26.7 % 10.0
South Indian Bank Ltd 5,874 Cr. 22.436.9/22.24.85 33.71.34 %6.19 %13.8 % 1.00
Karnataka Bank Ltd 7,746 Cr. 205287/1925.77 2882.69 %6.24 %13.7 % 10.0
Industry Average162,060.90 Cr411.8914.91197.150.99%7.10%13.93%5.95

All Competitor Stocks of Yes Bank Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Revenue4,6514,8974,9475,1355,4755,8746,2186,4456,7146,9897,4587,7257,737
Interest3,1403,1353,1303,2873,4873,9084,1174,4494,7944,9755,3095,4865,544
Expenses2,0252,1742,2352,2142,7033,0062,8812,7262,8832,9483,3402,8202,984
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 Income8127689267859311,1131,0551,1921,2671,2551,6421,2711,488
Depreciation0000000000000
Profit before tax29835550841921572275462304320451691697
Tax %25%25%27%25%25%24%25%25%25%24%-4%25%19%
Net Profit22326637231416055206347229243467516567
EPS in Rs0.090.110.150.130.060.020.070.120.080.080.160.160.18
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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue8,2949,98111,57213,53316,42520,26929,62426,05220,03919,01922,70227,60628,886
Interest6,0757,2658,0838,96510,62712,52919,81119,25812,61112,52814,80019,52720,564
Expenses1,4992,0552,5483,4294,7906,59511,83439,24614,9378,05810,37111,35011,990
Financing Profit7206629401,1391,0081,144-2,021-32,452-7,509-1,568-2,468-3,272-3,668
Financing Margin %9%7%8%8%6%6%-7%-125%-37%-8%-11%-12%-13%
Other Income1,2571,7222,0482,7294,2185,2934,67511,9563,1073,4053,8835,3555,434
Depreciation5264861121732323053423604034335460
Profit before tax1,9262,3202,9023,7565,0536,2052,349-20,838-4,7621,4349811,5381,766
Tax %32%31%31%33%34%32%27%-21%-27%26%25%16%
Net Profit1,3011,6111,9972,5303,3404,2331,709-16,433-3,4891,0647361,2851,455
EPS in Rs7.258.949.5612.0314.6318.387.38-13.09-1.390.420.260.450.48
Dividend Payout %17%18%19%17%16%15%27%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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:-22%
3 Years:14%
1 Year:-4%
Return on Equity
10 Years:-1%
5 Years:-10%
3 Years:3%
Last Year:3%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital3593614184214564614632,5105,0115,0115,7515,754
Reserves5,4496,75511,24813,34221,58325,29226,42419,18528,12728,68834,01935,453
Borrowings87,87895,500117,379143,363181,464275,582335,982219,102226,795269,403295,136346,737
Other Liabilities5,4196,3907,0988,11711,55611,11517,99017,03613,66015,47620,29818,418
Total Liabilities99,104109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204406,362
Fixed Assets2182772964146127657787302,0962,0162,1562,509
CWIP1120266075725129463125296357
Investments42,97640,93343,19348,78849,98268,29389,32943,74843,11551,75476,74989,997
Other Assets55,89967,77592,628115,980164,391243,319290,701213,061228,320264,683276,003313,499
Total Assets99,104109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204406,362

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +5414,436-2,317-3044,384-21,810-24,573-57,72155,39623,598-25,8169,645
Cash from Investing Activity +-6,742-2,785-3,591-4,023-4,478-8,738-6,23514,128441-14,566-13,026-12,453
Cash from Financing Activity +6,6811767,5744,98911,42935,74833,03925,038-34,9428,39111,4502,771
Net Cash Flow4801,8261,66666211,3365,1992,231-18,55520,89517,423-27,392-38

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 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

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

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
FIIs7.92%8.17%10.97%11.37%12.15%23.24%23.10%23.79%23.39%23.79%22.01%27.08%
DIIs45.87%45.55%44.01%43.93%43.91%38.19%37.77%37.72%40.68%41.98%41.50%38.10%
Government0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public46.21%46.28%45.02%44.70%43.94%38.54%39.10%38.47%35.90%34.21%36.47%34.82%
No. of Shareholders39,77,23841,94,14943,61,34544,75,21545,47,53448,13,41150,57,38749,04,79548,88,44149,94,63661,54,88863,01,444

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Midcap 150 Index Fund8,570,3471.5620.65287,8262024-11-132877.61%
Nippon India ETF Nifty Midcap 1507,648,0331.5518.43287,8262024-11-132557.17%
Nippon India Nifty Midcap 150 Index Fund7,193,3271.5417.34287,8262024-11-132399.19%
Motilal Oswal Nifty Midcap 100 ETF2,767,3471.936.67287,8262024-11-13861.47%
SBI Nifty Midcap 150 Index Fund1,972,8581.554.75287,8262024-11-13585.43%
Motilal Oswal Nifty 500 Index Fund756,0310.271.82287,8262024-11-13162.67%
Navi Nifty Midcap 150 Index Fund691,1441.551.67287,8262024-11-13140.13%
Edelweiss NIFTY Large Mid Cap 250 Index Fund287,8260.790.69287,8262024-11-130%
Nippon India ETF S&P BSE Sensex Next 50275,7852.110.66287,8262024-11-13-4.18%
SBI S&P BSE Sensex Next 50 ETF109,2442.110.26287,8262024-11-13-62.05%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value2.002.002.002.002.00
Basic EPS (Rs.)0.450.280.42-1.65-56.11
Diluted EPS (Rs.)0.440.280.42-1.65-56.11
Cash EPS (Rs.)0.380.400.58-1.25-12.82
Book Value[Excl.RevalReserv]/Share (Rs.)12.5814.1613.4513.2317.29
Book Value[Incl.RevalReserv]/Share (Rs.)12.5814.1613.4513.2317.29
Operating Revenue / Share (Rs.)8.247.897.598.0020.76
Net Profit / Share (Rs.)0.380.250.42-1.39-13.09
Net Profit After MI / Share (Rs.)0.380.250.42-1.39-13.09
Net Profit Margin (%)4.653.245.59-17.41-63.07
Net Profit After MI And SOA Nargin (%)4.653.245.59-17.41-63.07
Operating Profit Margin (%)-14.74-14.92-12.30-34.55-108.96
Return On Assets (%)0.310.200.33-1.27-6.37
Return On Equity / Networth (%)3.041.803.15-10.52-75.74
Net Interest Margin (X)1.982.222.032.712.63
Cost To Income (%)36.8573.3870.5561.1492.56
Interest Income / Total Assets (%)6.796.395.967.3210.10
Non-Interest Income / Total Assets (%)1.311.161.061.254.63
Operating Profit / Total Assets (%)-1.00-0.95-0.73-2.53-11.01
Operating Expenses / Total Assets (%)2.462.482.192.162.66
Interest Expenses / Total Assets (%)4.804.163.934.607.46
Enterprise Value (Rs.Cr.)406340.75325548.03291128.03259067.88241333.83
EV Per Net Sales (X)14.7214.3415.3112.939.26
Price To Book Value (X)1.841.060.911.181.30
Price To Sales (X)2.821.911.621.951.08
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.010.010.03-0.08-0.58

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Yes Bank Ltd as of November 15, 2024 is: 15.68

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 November 15, 2024, Yes Bank Ltd is Overvalued by 18.76% compared to the current share price 19.30

Intrinsic Value of Yes Bank Ltd as of November 15, 2024 is: 19.36

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 November 15, 2024, Yes Bank Ltd is Undervalued by 0.31% compared to the current share price 19.30

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: 7.1%)
      • 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: 13.93%)
      • 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: 33.8 (Industry average Stock P/E: 14.91)
      • 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.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorYES BANK House, Off Western Express Highway, Mumbai Maharashtra 400055shareholders@yesbank.in
http://www.yesbank.in
Management
NamePosition Held
Mr. R GandhiPart Time Chairman & Independent Director
Mr. Prashant KumarManaging Director & CEO
Mr. Rajan PentalExecutive Director
Mr. Sharad SharmaIndependent Director
Mr. Sanjay Kumar KhemaniIndependent Director
Mr. Sadashiv Srinivas RaoIndependent Director
Ms. Nandita GurjarIndependent Director
Ms. Rekha MurthyIndependent Director
Mr. Atul MalikIndependent Director
Mr. Thekepat Keshav KumarNominee Director
Mr. Sunil KaulNominee Director
Ms. Shweta JalanNominee Director
Mr. Sandeep TewariNominee Director

FAQ

What is the latest intrinsic value of Yes Bank Ltd?

The latest intrinsic value of Yes Bank Ltd as on 14 November 2024 is ₹15.68, which is 18.76% lower than the current market price of ₹19.30.

What is the Market Cap of Yes Bank Ltd?

The Market Cap of Yes Bank Ltd is 60,502 Cr..

What is the current Stock Price of Yes Bank Ltd as on 14 November 2024?

The current stock price of Yes Bank Ltd as on 14 November 2024 is ₹19.3.

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

In FY 2024, 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 33.8.

What is the Book Value of Yes Bank Ltd?

The Book Value of Yes Bank Ltd is 14.3.

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 5.83 %.

What is the ROE of Yes Bank Ltd?

The ROE of Yes Bank Ltd is 3.18 %.

What is the Face Value of Yes Bank Ltd?

The Face Value of Yes Bank Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Yes Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE