RBL Bank's intrinsic value using Intellectual Capital analysis

RBL Bank

BSE : 540065

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NSE : RBLBANK

Industry : Bank Pvt sector

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ISIN : INE976G01028

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FreeFloat : 30.00%

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FnO : Yes

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LotSize : 2600

BSE 200 | BSE 250 LargeMidcap | BSE LargeMidcap | Nifty 200 | Nifty LargeMidcap 250 | Nifty Midcap Liquid 15 | BSE 150 Midcap | BSE Midcap | Nifty Midcap 100 | Nifty Midcap 150 | Nifty Midcap 50 | BSE BANKEX | BSE Private Bank | Nifty Bank | Nifty Private Bank | Nifty Growth Sectors 15 | Nifty High Beta 50 | BSE 100 ESG | BSE Diversfied Financials Rev Growth | Nifty Services Sector

Intellectual Capital (IC)	-33.73
Net Worth (NW)	10,875.92
Intrinsic Worth (IW)	10,842.19
Market Cap (MC)	8,650.89
Economic Value Added	390.93

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	-0.31%
IC Gross Margin (EBITDA/IC)	-17881.93%
IC Net Margin (NPT/IC)	-1490.22%
Knowledge Turnover (Sales/IC)	-295.93
Market to Intrinsic Value (MC/IW)	0.80

As Of	Intrinsic Value	Market Price
30 Sep 2020	Rs. 212.94	Rs. 169.90
22 Jan 2021	-	Rs. 232.80

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Sell	10 DMA : Rs. 251.17	Sell	Strong Sell
KB > 50% : No		50 DMA : Rs. 233.68
0 < M2IV < 1 : Yes		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Dec-17
S
1150.79
1409.01
934.62
934.62
251.12
165.33
165.33

Mar-18
S
1222.71
1534.69
992.49
992.49
270.24
178.12
178.12

Jun-18
S
1364.22
1690.19
1103.49
1103.49
291.97
190.04
190.04

Sep-18
S
1463.43
1796.54
1179.83
1179.83
309.37
204.54
204.54

Dec-18
S
1638.93
2012.99
1321.64
1321.64
337.79
225.19
225.19

Mar-19
S
1834.12
2243.35
1455.42
1455.42
360.02
247.18
247.18

Jun-19
S
2022.67
2503.88
1610.97
1610.97
405.62
267.05
267.05

Sep-19
S
2126.15
2567.68
1359.98
1359.98
102.52
54.31
54.31

Dec-19
S
2157.33
2644.30
1328.56
1328.56
93.88
69.95
69.95

Mar-20
C
2281.17
2782.77
1338.51
1338.51
151.26
114.85
114.85

Jun-20
C
2321.73
2654.88
1396.34
1396.34
202.79
154.42
154.42

Sep-20
C
2163.59
2613.89
1347.06
1347.06
202.43
152.43
152.43

* C - Consolidated, S - Standalone