ICICI Bank Limited (IBN) vs Nu Holdings Ltd. (NU)

ICICI Bank Limited and Nu Holdings Ltd. are both Banks Regional companies. ICICI Bank Limited is the larger, with a market value of $100.1B against $65.9B — 1.5× the size. ICICI Bank Limited trades at the lower P/E: 17.2× against 18.4×. Nu Holdings Ltd. grew revenue faster over the last twelve months: 50.5% against −1.20%. Nu Holdings Ltd. has the higher net margin (18.7% vs 17.7%) and the higher return on invested capital (62.5% vs 9.80%). Across the 18 metrics below, ICICI Bank Limited leads on 10 and Nu Holdings Ltd. on 8.

Valuation

Metric IBN NU Banks Regional median
P/E 17.23 18.36 12.15
P/S 2.86 3.41 2.37
P/B 2.37 4.98 1.21
Price to free cash flow 4.18 n/m 10.80
EV/EBITDA n/m 70.20 —
EV/Sales 2.95 2.95 2.27
Earnings yield 5.80% 5.45% 8.11%
Free cash flow yield 23.94% (2.53%) 8.98%

Profitability

Metric IBN NU Banks Regional median
Gross margin 71.98% 71.67% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.65% 18.65% 18.66%
Free cash flow margin 0.00% (8.63%) 21.18%
Return on equity 14.95% 31.60% 10.64%
Return on assets 1.96% 4.96% 1.13%
Return on invested capital 9.80% 62.53% 8.33%

Growth

Metric IBN NU Banks Regional median
Revenue growth (TTM) (1.20%) 50.52% 6.61%
EPS growth (last fiscal year) 0.64% 45.00% —
Revenue growth, 5-year CAGR 10.12% 84.54% 12.30%
Net income growth, 5-year CAGR 19.80% 0.00% 9.71%

Health

Metric IBN NU Banks Regional median
Debt to equity 0.57 0.35 0.22
Current ratio 1.03 0.55 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric IBN NU Banks Regional median
Dividend yield 1.02% — 3.75%
Payout ratio 0.00 0.00 0.27

Size

Metric IBN NU Banks Regional median
Market cap 100.06b 65.90b 921.07m

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