Thread by @abadjate

Given the constant barrage of Memes around poor #SBI since past few days, decided 2 do some basic data digging:

For a 40lac cr bal sheet size, d bank is currently valued at ~1.75lac Crs

Nw come some #FunFacts:

1. Annual Salary bill is 45000crs. Yup, Mcap = <4x Wage bill!

1/n

2. Residual Val of Subs (aftr assuming a 40% Holdco disc) is roughly 75k crs. This was mostly less thn 15kcrs in 2012

3. Btwn 2012 - 2020 SBI's Mcap has been at a mean level of 1.6-1.8lac Crs. Despite value unlocking in subs!

4. Btwn 2012-20 raised 62k Crs at avg 241/shr

2/n

5. Another interesting statistic to watch:

The Prov / PPOP (Pre-Prov Op Profit) ratio has expanded sharply from 35% over 1997-2012 to 75% over 2013-2020

Basically when this ship turns, d narrative will swing wildly. & by d time folks accept d reality, curr px will b long gone