` Comparison: HDFA vs ICICIBANK - Alpha Spread

HDFA
vs
ICICIBANK

Over the past 12 months, HDFA has underperformed ICICIBANK, delivering a return of 0% compared to the ICICIBANK's +11% growth.

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HDFA
ICICIBANK
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Valuation Comparison

HDFA Intrinsic Value
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ICICIBANK Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
HDFC Bank Ltd
F:HDFA
27.8 EUR
ICICI Bank Ltd
NSE:ICICIBANK
1 387.8 INR
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Valuation Scenario:
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Bull Case

Growth Comparison

Growth Over Time
HDFA, ICICIBANK

HDFA
ICICIBANK
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
HDFC Bank Ltd
Revenue
ICICI Bank Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
HDFA, ICICIBANK

HDFA
ICICIBANK
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
HDFC Bank Ltd
F:HDFA
FCF is not applicable for financial companies
ICICI Bank Ltd
NSE:ICICIBANK
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

HDFA
ICICIBANK
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
Not applicable for financial companies
ICICI Bank Ltd
Not applicable for financial companies

Operating Margin

HDFA
ICICIBANK
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
Not applicable for financial companies
ICICI Bank Ltd
Not applicable for financial companies

Net Margin

HDFA
23.9%
ICICIBANK
24.4%
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
ICICI Bank Ltd

FCF Margin

HDFA
ICICIBANK
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
Not applicable for financial companies
ICICI Bank Ltd
Not applicable for financial companies

ROE

HDFA
14%
ICICIBANK
16.5%
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
ICICI Bank Ltd

ROA

HDFA
1.7%
ICICIBANK
2%
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
ICICI Bank Ltd

ROIC

HDFA
ICICIBANK
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
Not applicable for financial companies
ICICI Bank Ltd
Not applicable for financial companies

ROCE

HDFA
ICICIBANK
LTM 3Y Avg 5Y Avg 10Y Avg
HDFC Bank Ltd
Not applicable for financial companies
ICICI Bank Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HDFA, ICICIBANK

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HDFA
ICICIBANK
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Performance Gap
HDFA, ICICIBANK

Performance Gap Between HDFA and ICICIBANK
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Performance By Year
HDFA, ICICIBANK

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HDFA
ICICIBANK
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