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Average Score: Yes Bank (Yesbank-In)
Average Score: Yes Bank (Yesbank-In)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
13.85 (INR) 90.4M 16.90 -- -- -9.2% -- -1.1%
2022 February 10 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
NSE Exchange
343.3B 10.50 3.0 -- 213.9B 10.9% 6.5%
AVERAGE SCORE
NEUTRAL OUTLOOK: YESBANK's current Score Averages
score is relatively in-line with the market. Banking Services Group: 4.5 Large Market Cap: 6.2
Banking & Investment Svcs. Sector: 4.6 BSE Sensex Index: 6.5
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive UNIONBANK 8 10 8 10 9
AUBANK 5 3 5 6 6
Neutral YESBANK 2 1 5 6 6
IOB 4 4 4 5 5
Negative
IDFCFIRSTB 3 5 2 3 3
2019-02 2020-02 2021-02 2022-02
BUSINESS SUMMARY
YES BANK Limited is a private sector bank. The Bank is engaged in providing banking services, including corporate and institutional banking, financial
markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management. The Company's
segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Its Treasury segment includes investments
and financial markets activities undertaken on behalf of the Bank's customers, trading, maintenance of reserve requirements and resource mobilization.
The Corporate/Wholesale Banking includes lending, deposit taking and other services offered to corporate customers. The Retail Banking includes
lending, deposit taking and other services offered to retail customers. The Other Banking Operations segment includes para banking activities, such as
third party product distribution and merchant banking, among others.
Page 1 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
PEER COMPANIES
AUBANK AU Small Finance Bank FEDERALBNK Federal Bank
BANKBARODA Bank of Baroda IDFCFIRSTB IDFC First Bank
BANKINDIA Bank of India IOB Indian Overseas Bank
CANBK Canara Bank PNB Punjab National Bank
CENTRALBK Central Bank of India UNIONBANK Union Bank of India
Page 2 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive AUBANK 6 5 7 7 10
YESBANK 6 4 8 8 8
Neutral IDFCFIRSTB 6 8 1 4 6
IOB NR NR NR NR NR
Negative
UNIONBANK NR NR NR NR NR
2019-02 2020-02 2021-02 2022-02
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
AUBANK IDFCFIRST…
UNIONBAN…
YESBANK AUBANK
IOB AUBANK
YESBANK IDFCFIRST…
IDFCFIRST…
Page 3 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 12 Quarters) Positive 2022-01-24 2021-12-31 0.110 -0.010 1200%
Positive 2021-10-22 2021-09-30 0.090 0.030 200.0%
Surprise Type Amount Percent
Positive 2021-07-23 2021-06-30 0.080 -0.020 500.0%
Positive Quarters (> 2%) 4 50.0%
Negative 2021-04-30 2021-03-31 -1.510 -0.050 -2920%
Negative Quarters (< -2%) 4 50.0%
Positive 2021-01-22 2020-12-31 0.060 -0.090 166.7%
In-Line Quarters (within 2%) 0 --
Negative 2020-03-15 2019-12-31 -72.970 -0.500 -14494%
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while 144B
HIGH 2022 2023
flat or falling sales and faltering 135B MEAN
earnings may explain a sell LOW Mean 100.1B 134.8B
recommendation. A rising EPS with flat 126B High 100.1B 134.8B
or falling sales may result from
increased cost efficiency and margins, 117B
Low 100.1B 134.8B
rather than market expansion. This 108.6B Forecasted Growth -7.8% 24.1%
chart shows the sales forecast trend of 108B
# of Analysts 1 1
all analysts and the highest and lowest
projections for the current and next 99B
2021 2022 2023
fiscal year.
Page 4 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
FUNDAMENTAL
NEGATIVE OUTLOOK: Weak fundamentals Fundamental Score Averages
such as low profit margins, high debt levels, or Banking Services Group: 4.9 Large Market Cap: 6.7
falling dividends. Banking & Investment Svcs. Sector: 5.3 BSE Sensex Index: 6.4
Q1 Q2 Q3 Q4
Fundamental Score Trend Peers 2021 2021 2021 2021 Current 3Y Trend
IOB 1 2 3 2 7
Positive
UNIONBANK 3 3 3 3 7
Neutral AUBANK 2 2 2 2 3
Negative IDFCFIRSTB 3 5 6 6 2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 YESBANK 6 2 2 2 2
2019 2020 2021
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
YESBA…
UNIONB… AUBAN…
IDFCFI…
IDFCFI…
IDFCFI… IDFCFI…
AUBAN… YESBA…
YESBA… YESBA…
AUBAN…
IOB
UNIONB…
HIGHLIGHTS
- Yes Bank currently has a Fundamental Rating of 2, which is - The company's operating cash yield has been higher than its industry
significantly more bearish than the Banking Services industry group group average for each of the past five years.
average of 4.9. - The year-over-year dividend growth of -100.0% for YESBANK is the
- YESBANK's net margin of -14.5% is substantially below the Banking lowest within its Banking Services industry group.
Services industry group average of 11.6%.
- The company's debt-to-capital has been higher than its industry group
average for each of the past five years.
Page 5 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
RELATIVE VALUATION
NEUTRAL OUTLOOK: Multiples relatively in-line Relative Valuation Score Averages
with the market. Banking Services Group: 4.7 Large Market Cap: 3.8
Banking & Investment Svcs. Sector: 4.6 BSE Sensex Index: 4.1
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive UNIONBANK 10 10 10 10 10
YESBANK 2 7 6 7 7
Neutral IDFCFIRSTB 3 2 3 3 3
IOB 5 3 3 2 3
Negative
AUBANK 2 2 3 3 2
2019-02 2020-02 2021-02 2022-02
IDFCFIRST… AUBANK
IOB
YESBANK IOB
AUBANK AUBANK
IDFCFIRST…
IOB IDFCFIRST…
YESBANK UNIONBAN…
HIGHLIGHTS
- Yes Bank currently has a Relative Valuation Rating of 7 which is - YESBANK's 3.0 Forward P/E is currently at the low end of its 5-year
significantly above the S&P BSE SENSEX index average rating of 4.1. range (lowest 2.3 to highest 53.3).
- YESBANK's Price to Sales ratio of 3.8 represents a 12% Discount to
its 5-year average of 4.3.
Page 6 of 11
© 2021 Refinitiv. All rights reserved.
YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Page 7 of 11
© 2021 Refinitiv. All rights reserved.
YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
RISK
POSITIVE OUTLOOK: Consistent return Risk Score Averages
patterns (low volatility). Banking Services Group: 5.2 Large Market Cap: 8.8
Banking & Investment Svcs. Sector: 5.0 BSE Sensex Index: 9.6
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive IDFCFIRSTB 9 9 9 9 9
UNIONBANK 8 8 7 8 8
Neutral YESBANK 5 1 7 8 8
AUBANK 8 5 7 7 7
Negative
IOB 3 6 7 7 7
2019-02 2020-02 2021-02 2022-02
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
AUBAN… AUBAN…
IDFCFI…
IDFCFI… IDFCFI…
UNIONB…
IOB UNIONB…
YESBA…
YESBA… YESBA…
AUBAN…
UNIONB… IOB IOB
IOB
UNIONB…
AUBAN…
IDFCFI…
YESBA…
Daily Returns (Last 90 Days) Standard Deviation Beta vs. BSE Sensex 0.99 Correlation vs. BSE Sensex
Best 5.7% Last 90 Days 1.94 Positive Days Only 1.34 Last 90 Days 47%
Worst -3.1% Last 60 Months 19.90 Negative Days Only 0.69 Last 60 Months 37%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 1.34 Correlation vs. Group
Best 70.1% Average 3.3% Positive Days Only 1.39 Last 90 Days 54%
Worst -53.3% Largest 8.4% Negative Days Only 0.97 Last 60 Months 37%
Page 8 of 11
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YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive AUBANK 5 5 5 7 7
UNIONBANK 1 7 2 5 6
Neutral IOB 2 3 1 4 4
YESBANK 1 2 4 4 4
Negative
IDFCFIRSTB 1 4 2 2 2
2019-02 2020-02 2021-02 2022-02
AUBANK
IOB
UNIONBAN… YESBANK
IOB AUBANK
YESBANK IDFCFIRST…
UNIONBAN…
IDFCFIRST…
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
YESBANK Industry Avg Feb Mar Apr
Last 1 Month 53 53 Company Avg -2.6% 4.1% 5.4%
Last 3 Months 52 51 Industry Avg -1.5% -1.3% 4.5%
Last 6 Months 51 51 Industry Rank 40 of 94 12 of 92 78 of 94
PRICE PERFORMANCE
Daily close prices are used to calculate the YESBANK YESBANK BSE Sensex
performance of the stock as compared to a
BSE Sensex Close Price (2022-02-10) 13.85 58,466
relevant index over five time periods.
52-Week High 16.90 61,766
3%
1-Week 52-Week Low 10.50 47,706
-1.8%
-15.6%
1-Year
13.9%
Page 9 of 11
© 2021 Refinitiv. All rights reserved.
YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Page 10 of 11
© 2021 Refinitiv. All rights reserved.
YES BANK (YESBANK-IN)
Banking & Investment Svcs. / Banking Services / Banks DETAILED STOCK REPORT
Report Date: 2022-Feb-10
Valuation Averages
Negative values are excluded when calculating the averages. A maximum value of
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the
averages.
Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current company’s values to its 5-year average and an industry
average are presented. A discount occurs when the company’s ratio is valued
more favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
● Magnitude of Returns – The best / worst daily returns in the past 90 days and the
best / worst monthly returns in the past 60 months.
● Volatility – The standard deviation of the stock price over the last 90 days and
last 60 months, along with the average and largest intra-day stock swing.
● Beta – Measures the tendency of a security’s returns to respond to swings in the
market, based on the beta of the company versus the relevant index.
● Correlation – Determines how closely the returns of the stock and the relevant
index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
● Relative Strength – The relative strength of the company for the last 1 month, 3
months, and 6 months on a scale of 1 to 100.
● Seasonality – The average monthly return (price performance) for the current
month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.
DISCLAIMER
© 2021 Refinitiv. Republication or redistribution of Refinitiv content, including by
framing or similar means, is prohibited without the prior written consent of Refinitiv.
All information in this report is assumed to be accurate to the best of our ability.
Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions
taken in reliance on such content.
The content in this Refinitiv report does not constitute investment advice or a
recommendation to buy or sell securities of any kind. Past performance is not a
guarantee of future results. Investors should consider this report as only a single
factor when making an investment decision.
Page 11 of 11
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