ICICI Bank Limited (IBN) vs U.S. Bancorp (USB)

ICICI Bank Limited and U.S. Bancorp are both Banks Regional companies. ICICI Bank Limited and U.S. Bancorp are of similar size ($100.1B and $93.4B). U.S. Bancorp trades at the lower P/E: 11.8× against 17.2×. U.S. Bancorp grew revenue faster over the last twelve months: 3.33% against −1.20%. U.S. Bancorp has the higher net margin (17.8% vs 17.7%) and the higher return on invested capital (10.6% vs 9.80%). Both pay a dividend; U.S. Bancorp yields more (4.89% vs 1.02%). Across the 20 metrics below, U.S. Bancorp leads on 12 and ICICI Bank Limited on 8.

Valuation

Metric IBN USB Banks Regional median
P/E 17.23 11.84 12.15
P/S 2.86 2.11 2.37
P/B 2.37 1.51 1.21
Price to free cash flow 4.18 7.36 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.95 1.93 2.27
Earnings yield 5.80% 8.44% 8.11%
Free cash flow yield 23.94% 13.58% 8.98%

Profitability

Metric IBN USB Banks Regional median
Gross margin 71.98% 67.64% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.65% 17.83% 18.66%
Free cash flow margin 0.00% 28.64% 21.18%
Return on equity 14.95% 13.42% 10.64%
Return on assets 1.96% 1.10% 1.13%
Return on invested capital 9.80% 10.62% 8.33%

Growth

Metric IBN USB Banks Regional median
Revenue growth (TTM) (1.20%) 3.33% 6.61%
EPS growth (last fiscal year) 0.64% 21.90% —
Revenue growth, 5-year CAGR 10.12% 11.17% 12.30%
Net income growth, 5-year CAGR 19.80% 9.26% 9.71%

Health

Metric IBN USB Banks Regional median
Debt to equity 0.57 0.86 0.22
Current ratio 1.03 0.83 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric IBN USB Banks Regional median
Dividend yield 1.02% 4.89% 3.75%
Payout ratio 0.00 0.53 0.27

Size

Metric IBN USB Banks Regional median
Market cap 100.06b 93.40b 921.07m

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