BANK OF BEIJING CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.5 CNY | -3.17% |
|
-5.17% | +21.41% |
| 11/04 | Bank of Beijing Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 28/03 | China Longyuan Power Issues 2 Billion Yuan Debentures | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,20,092 | 1,02,332 | 93,875 | 91,126 | 95,778 | 1,16,286 | - | - |
| Enterprise Value (EV) 1 | 1,20,092 | 1,02,332 | 93,875 | 91,126 | 95,778 | 1,16,286 | 1,16,286 | 1,16,286 |
| P/E ratio | 5.8 x | 4.94 x | 4.35 x | 4.23 x | - | 4.6 x | 4.33 x | 4.07 x |
| Yield | 5.37% | 6.2% | 6.87% | 7.19% | 7.06% | 6.42% | 6.88% | 7.45% |
| Capitalization / Revenue | 1.9 x | 1.59 x | 1.42 x | 1.37 x | - | 1.73 x | 1.64 x | 1.58 x |
| EV / Revenue | 1.9 x | 1.59 x | 1.42 x | 1.37 x | - | 1.73 x | 1.64 x | 1.58 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.63 x | 0.51 x | 0.43 x | 0.4 x | 0.38 x | 0.44 x | 0.41 x | 0.37 x |
| Nbr of stocks (in thousands) | 2,11,42,984 | 2,11,42,984 | 2,11,42,984 | 2,11,42,984 | 2,11,42,984 | 2,11,42,984 | - | - |
| Reference price 2 | 5.680 | 4.840 | 4.440 | 4.310 | 4.530 | 5.500 | 5.500 | 5.500 |
| Announcement Date | 28/04/20 | 29/04/21 | 29/04/22 | 07/04/23 | 11/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 63,129 | 64,299 | 66,275 | 66,276 | - | 67,216 | 71,043 | 73,770 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 25,351 | 24,536 | 48,819 | 47,744 | - | 47,254 | 50,223 | 52,023 |
| Operating Margin | 40.16% | 38.16% | 73.66% | 72.04% | - | 70.3% | 70.69% | 70.52% |
| Earnings before Tax (EBT) 1 | 25,147 | 24,434 | 25,178 | 27,019 | - | 29,281 | 30,775 | 32,198 |
| Net income 1 | 21,441 | 21,484 | 22,226 | 24,760 | - | 26,532 | 27,824 | 29,325 |
| Net margin | 33.96% | 33.41% | 33.54% | 37.36% | - | 39.47% | 39.16% | 39.75% |
| EPS 2 | 0.9800 | 0.9800 | 1.020 | 1.020 | - | 1.194 | 1.269 | 1.353 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3050 | 0.3000 | 0.3050 | 0.3100 | 0.3200 | 0.3533 | 0.3785 | 0.4100 |
| Announcement Date | 28/04/20 | 29/04/21 | 29/04/22 | 07/04/23 | 11/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,411 | 16,492 | 17,622 | 16,321 | 17,447 | 14,886 | 16,403 | 17,011 | - | 16,325 | - | 17,068 | 17,068 | 15,279 | 15,279 | 17,416 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 6,298 | 4,619 | - | - | 5,978 | 5,418 | - | - | - | - | - | - | - | - | - | - |
| Net income | 5,600 | 4,043 | - | - | 5,787 | 5,399 | - | - | - | - | - | - | - | - | - | - |
| Net margin | 34.12% | 24.51% | - | - | 33.17% | 36.27% | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.2600 | 0.1800 | - | - | 0.2700 | 0.1300 | - | - | 0.6500 | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.3050 | - | - | - | 0.3100 | - | - | - | - | 0.3200 | - | - | - | 0.3690 | - |
| Announcement Date | 29/10/21 | 29/04/22 | 29/04/22 | 31/08/22 | 28/10/22 | 07/04/23 | 28/04/23 | 30/08/23 | 30/08/23 | 30/10/23 | 11/04/24 | - | - | - | - | - |
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) | 11.5% | 10.7% | 10.3% | 9.6% | 9.32% | 9.1% | 8.98% | 9.17% |
| ROA (Net income/ Total Assets) | 0.81% | 0.76% | 0.75% | 0.77% | - | 0.68% | 0.65% | 0.6% |
| Assets 1 | 26,53,589 | 28,19,423 | 29,79,357 | 32,23,455 | - | 38,75,467 | 42,66,676 | 49,03,918 |
| Book Value Per Share 2 | 8.950 | 9.520 | 10.30 | 10.90 | 11.80 | 12.60 | 13.50 | 14.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 28/04/20 | 29/04/21 | 29/04/22 | 07/04/23 | 11/04/24 | - | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
5.5
CNY
Average target price
5.54
CNY
Spread / Average Target
+0.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.41% | 16.05B | |
| +16.61% | 210B | |
| +2.39% | 73.14B | |
| +7.99% | 54.82B | |
| +1.36% | 47.1B | |
| +13.25% | 47B | |
| +19.29% | 44.81B | |
| +10.93% | 36.6B | |
| -16.21% | 35.14B | |
| -96.60% | 32.24B |
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- Financials Bank of Beijing Co., Ltd.
