Company Valuation: Agricultural Bank of China Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 10,75,935 10,05,690 10,01,871 12,46,034 18,32,725 24,54,441 24,54,441 -
Change - -6.53% -0.38% 24.37% 47.08% 33.92% 0% -
Enterprise Value (EV) 10,75,935 10,05,690 10,01,871 12,46,034 18,32,725 24,54,441 24,54,441 24,54,441
Change - -6.53% -0.38% 24.37% 47.08% 33.92% 0% 0%
P/E ratio 4.05x 3.36x 3.44x 3.79x 5.55x 6.28x 6.1x 5.73x
PBR 0.38x 0.32x 0.37x 0.4x 0.56x 0.62x 0.58x 0.54x
PEG - 0.3x 0.56x 0.87x 1.33x 1.15x 2.04x 0.89x
Capitalization / Revenue 1.63x 1.39x 1.38x 1.79x 2.58x 3.42x 3.23x 3.04x
EV / Revenue 0x 0x 0x 0x 0x 3.42x 3.23x 3.04x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.34x 4.96x 4.58x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1851 0.2068 0.2222 0.2309 0.2419 0.2441 0.253 0.2632
Rate of return 7.74% 9.47% 9.37% 8.45% 5.81% 4.91% 5.09% 5.3%
EPS 2 0.59 0.65 0.69 0.72 0.75 0.791 0.8147 0.8674
Distribution rate 31.4% 31.8% 32.2% 32.1% 32.3% 30.9% 31.1% 30.3%
Net sales 1 6,59,332 7,21,746 7,25,499 6,95,468 7,10,555 7,17,874 7,59,352 8,06,761
EBITDA - - - - - - - -
EBIT 1 4,29,435 4,61,471 4,51,476 4,43,163 4,49,375 4,59,929 4,94,550 5,35,900
Net income 1 2,15,925 2,41,183 2,59,140 2,69,356 2,82,083 2,83,081 2,94,613 3,15,822
Net Debt - - - - - - - -
Reference price 2 2.391 2.183 2.371 2.732 4.163 4.967 4.967 4.967
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 34,99,83,034 -
Announcement Date 30/03/21 30/03/22 30/03/23 28/03/24 28/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.28x - - 4.91% 35TCr
20.33x - - 0.88% 11TCr
15.5x - - 4.47% 7.55TCr
7.68x - - 6.56% 6.16TCr
5.58x - - 5.28% 6.1TCr
17.32x - - 3.82% 5.9TCr
6.35x - - 4.79% 5.81TCr
11.27x - - 3.71% 4.97TCr
10.32x - - 3.82% 3.32TCr
Average 11.18x 4.25% 9.57TCr
Weighted average by Cap. 10.16x 4.3%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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