Canara Bank is one of the oldest and largest public sector banks in India. Founded in 1906, it has a rich history of serving the banking needs of the country. With over 10,000 branches and a strong presence in rural areas, Canara Bank is committed to financial inclusion and empowering communities.
Fundamentals of Canara Bank
Here is the fundamentals of Canara Bank
Market Cap: ₹ 53,308.22
As of 4/14/2023, Canara Bank’s market cap was ₹ 53,308.22, indicating its overall size and value in the market.
PE Ratio: 5.86
PE Ratio: 5.86 as of 4/14/2023, indicating how much investors are willing to pay for each dollar of the company’s earnings.
EBITDA Margin (%): 33.26 %
Canara Bank’s EBITDA margin was 33.26 %, indicating the company’s earnings before interest, taxes, depreciation, and amortization as a percentage of its revenue.
Revenue Growth 1-Year (%): 0.51 %
Over the past year, Canara Bank’s revenue growth was 0.51 %, indicating its growth or decline in revenue over the last 12 months.
Net Profit Growth 1-Year (%): >114.48 %
Over the past year, Canara Bank’s net profit was 114.48 % as 1 Year net profit %, indicating its growth or decline in profits over the last 12 months.
Canara Bank Share Price Target Prediction Using Fundamentals
Canara Bank is a well-established player in the Indian banking industry with a market cap of ₹ 53,308.22 Cr. The current price of the stock is Rs. 294.00, which is relatively low compared to its peers in the industry. The PE ratio TTM of 5.86 indicates that the stock is undervalued and has the potential to grow in the future.
The EBITDA margin of 33.26% is impressive and indicates that the bank is efficiently managing its operations. The revenue growth of 0.51% in the last year is not very encouraging, but the net profit growth of 114.48% is a positive sign. This indicates that the bank has been able to control its expenses and improve its profitability.
Looking ahead, Canara Bank has a strong presence in the Indian market and is well-positioned to benefit from the growth opportunities in the banking sector. The government’s focus on financial inclusion and digital banking is expected to drive growth in the sector, and Canara Bank is well-equipped to capitalize on these opportunities.
Overall, Canara Bank is a solid investment option for long-term investors who are looking for a value stock with growth potential.
Canara Bank Share Price Targets
After analyzing the fundamentals of Canara Bank, Here are the share price targets the Canara Bank company shown in the table below.
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2023 | 324 | 354 |
| 2024 | 384 | 414 |
| 2025 | 444 | 474 |
| 2026 | 504 | 534 |
| 2027 | 564 | 594 |
| 2028 | 624 | 654 |
| 2029 | 684 | 714 |
| 2030 | 744 | 774 |
Canara Bank Share Price Target 2023
As per fundamental analysis and chart analysis which we did, we got few share prediction for
The target share price of Canara Bank for the year 2023, the 1st target could be ₹324 and 2nd target is around ₹354
Canara Bank Share Price Target 2024
The target share price of Canara Bank for the year 2024, the 1st target could be ₹384 and 2nd target is around ₹414
Canara Bank Share Price Target 2025
The target share price of Canara Bank for the year 2025, the 1st target could be ₹444 and 2nd target is around ₹474
Canara Bank Share Price Target 2026
The target share price of Canara Bank for the year 2026, the 1st target could be ₹504 and 2nd target is around ₹534
Canara Bank Share Price Target 2027 to 2030
The target share price of Canara Bank for the years 2027, 2028, 2029, and 2030 will be ₹564, ₹624, ₹684, and ₹744 respectively.
