Financials Agricultural Bank of China Limited

Equities

1288

CNE100000Q43

Banks

Market Closed - Hong Kong S.E. 01:38:22 29/04/2024 pm IST 5-day change 1st Jan Change
3.57 HKD +1.71% Intraday chart for Agricultural Bank of China Limited +2.29% +18.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,71,897 10,75,442 10,05,861 10,00,306 12,47,678 15,09,448 - -
Enterprise Value (EV) 1 12,71,897 10,75,442 10,05,861 10,00,306 12,47,678 15,09,448 15,09,448 15,09,448
P/E ratio 5.2 x 4.05 x 3.36 x 3.43 x 3.8 x 4.36 x 4.15 x 3.91 x
Yield 5.93% 7.74% 9.47% 9.39% - 7.27% 7.61% 7.95%
Capitalization / Revenue 2.03 x 1.63 x 1.39 x 1.38 x 1.79 x 2.17 x 2.01 x 1.92 x
EV / Revenue 2.03 x 1.63 x 1.39 x 1.38 x 1.79 x 2.17 x 2.01 x 1.92 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.55 x 0.38 x 0.32 x 0.37 x - 0.42 x 0.39 x 0.36 x
Nbr of stocks (in thousands) 34,99,83,034 34,99,83,034 34,99,83,034 34,99,83,034 34,99,83,034 34,99,83,034 - -
Reference price 2 3.065 2.390 2.184 2.367 2.736 3.249 3.249 3.249
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,27,268 6,57,961 7,21,746 7,25,499 6,95,468 6,94,014 7,49,961 7,86,561
EBITDA - - - - - - - -
EBIT 1 2,66,305 2,65,971 4,61,471 4,51,476 4,43,163 4,38,680 4,71,167 5,14,025
Operating Margin 42.45% 40.42% 63.94% 62.23% 63.72% 63.21% 62.83% 65.35%
Earnings before Tax (EBT) 1 2,66,576 2,65,050 2,95,880 3,06,216 3,07,419 3,15,527 3,31,618 3,47,019
Net income 1 2,12,098 2,15,925 2,41,183 2,59,140 2,69,356 2,66,989 2,80,033 2,92,875
Net margin 33.81% 32.82% 33.42% 35.72% 38.73% 38.47% 37.34% 37.23%
EPS 2 0.5900 0.5900 0.6500 0.6900 0.7200 0.7458 0.7825 0.8304
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1819 0.1851 0.2068 0.2222 - 0.2361 0.2472 0.2584
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q2 2022 S1 2022 Q4 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 3,04,883 3,39,774 3,66,254 1,79,627 1,75,865 - 1,81,802 3,87,659 1,60,099 1,76,429 - 1,67,854 1,61,820 - 1,80,176 1,61,887 - 1,63,285 1,60,317 - - -
EBITDA - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 1,85,940 2,31,731 2,49,563 1,23,034 - 2,11,908 1,23,336 2,61,688 73,234 1,18,672 - 1,08,727 - - 1,30,528 - - - - - - -
Operating Margin 60.99% 68.2% 68.14% 68.49% - - 67.84% 67.5% 45.74% 67.26% - 64.77% - - 72.44% - - - - - - -
Earnings before Tax (EBT) 1 1,20,714 1,32,555 - - - - - - 71,448 72,942 - 81,441 - - 81,716 - - - - - - -
Net income 1 86,053 1,08,834 1,22,278 64,431 - - 58,195 1,28,945 61,635 61,680 - 74,122 - - 71,690 - - - - - - -
Net margin 28.22% 32.03% 33.39% 35.87% - - 32.01% 33.26% 38.5% 34.96% - 44.16% - - 39.79% - - - - - - -
EPS 2 0.2500 - - - - - - - 0.1600 0.1700 0.3700 - - 0.3500 0.1900 - 0.4000 - - 0.4000 0.4100 0.4200
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 30/03/20 30/08/20 30/08/21 28/10/21 30/03/22 30/03/22 29/08/22 29/08/22 30/03/23 29/08/23 29/08/23 27/10/23 28/03/24 28/03/24 - - - - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.4% 11.4% 11.6% 11.3% 10.9% 10.3% 10.1% 9.95%
ROA (Net income/ Total Assets) 0.89% 0.83% 0.86% 0.82% 0.74% 0.64% 0.61% 0.56%
Assets 1 2,37,51,176 2,60,46,441 2,80,44,535 3,14,98,724 3,66,11,708 4,16,36,988 4,57,79,391 5,25,07,340
Book Value Per Share 2 5.570 6.300 6.900 6.370 - 7.710 8.280 9.140
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
3.305 CNY
Average target price
3.471 CNY
Spread / Average Target
+5.03%
Consensus
  1. Stock Market
  2. Equities
  3. 1288 Stock
  4. Financials Agricultural Bank of China Limited