All that glitters is not gold, but when it comes to ICICI Bank Limited, investors are keen to find out if this financial giant is a hidden gem. Traded on the NYSE under the ticker IBN, ICICI Bank has caught the eye of many with its strong buy consensus from analysts. With the highest estimated target price reaching $33.41, there's a buzz around its potential upside. However, the stock's valuation market value sits at $29.60, closely aligned with its real value of $29.64, suggesting a fair pricing in the current market. As we dive into November, the question remains: is this regional banking powerhouse poised for growth, or should investors tread carefully? Let's take a closer look at ICICI Bank's stock performance. As of October 18, 2024, the stock is priced at $29.60. Despite the buzz surrounding it, ICICI Bank's stock doesn't seem to react strongly to hype. The anticipated immediate return from upcoming news is minimal, with a daily expected return currently at -0.01%. The stock's volatility, in relation to its hype, is notably high at 2456.52%. Looking ahead, the next significant announcement is expected in about 12 days, within a 90-day investment horizon.
ICICI Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
ICICI Bank
financial leverage refers to using borrowed capital as a funding source to finance ICICI Bank Limited ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. ICICI Bank financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to ICICI Bank's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of ICICI Bank's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between ICICI Bank's total debt and its cash.
This firm reported the last year's revenue of 2.36
T. Total Income to common stockholders was 442.56
B with profit before taxes, overhead, and interest of 1.29
T.
| 2021 | 2023 | 2024 (projected) |
Interest Expense | 411.7B | 741.1B | 778.1B | Depreciation And Amortization | 14.8B | 19.4B | 20.3B |
Total Revenue Breakdown
ICICI Bank Total Revenue yearly trend continues to be very stable with very little volatility. Total Revenue is likely to grow to about 2.5
T this year. Total Revenue usually refers to the total amount of income generated by the sale of goods or services related to the company's primary operations. At this time, ICICI Bank's Total Revenue is very stable compared to the past year.
| 2016 | 785.62 Billion |
| 2017 | 847.07 Billion |
| 2018 | 921.29 Billion |
| 2020 | 1.05 Trillion |
| 2021 | 1.16 Trillion |
| 2022 | 56.68 Million |
| 2023 | 2.36 Trillion |
| 2024 | 2.48 Trillion |
"Buy low, sell high" is a mantra that resonates with investors, and ICICI Bank (NYSE: IBN) presents an intriguing case for those considering a stake in the financial sector. With a market capitalization of $101.75 billion and a price-to-earnings ratio of 22.31x, the bank appears to be reasonably valued. Despite a probability of bankruptcy at 59.52%, which might raise eyebrows, the bank's robust net income of 442.56 billion suggests a resilient financial footing. Institutional investors hold 19.86% of the shares, indicating a level of confidence in the bank's future prospects. As we look to November, potential investors might weigh these factors alongside the bank's target price of $34.70, which suggests a modest upside from current levels.
Are ICICI Bank technical ratios showing a relapse?
ICICI Bank's recent technical indicators suggest some potential challenges ahead. The Information Ratio has dropped to -0.07, hinting at possible downward pressure on the stock. This ratio, which measures risk-adjusted returns, shows that the bank's stock is lagging behind its benchmark. Investors should be cautious, as these signals point to potential declines, advising careful consideration for those holding or planning to buy shares.
ICICI Bank's stock shows low volatility, with a skewness of -0.41 and kurtosis of -0.37. Understanding market volatility can help investors make informed decisions. During bear markets, increased volatility can affect ICICI Bank's stock price, prompting investors to adjust their portfolios by diversifying into other assets as prices drop.
Our Final Takeaway
When is the right time to buy or sell ICICI Bank Limited? Buying stocks such as ICICI Bank isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
While some investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to ICICI Bank.
Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of ICICI Bank Limited. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
editors@macroaxis.com