Financials Bank of Communications Co., Ltd. Shanghai S.E.

Equities

601328

CNE1000000S2

Banks

End-of-day quote Shanghai S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
6.85 CNY -1.30% Intraday chart for Bank of Communications Co., Ltd. -0.72% +19.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,94,261 2,96,581 3,15,344 3,24,597 3,80,573 4,43,555 - -
Enterprise Value (EV) 1 3,94,261 2,96,581 3,15,344 3,24,597 3,80,573 4,43,555 4,43,555 4,43,555
P/E ratio 4.95 x 3.49 x 3.49 x 3.48 x 3.85 x 4.26 x 3.96 x 3.76 x
Yield 6.36% 9.19% 9.25% 9.41% 8.47% 7.62% 7.98% 8.32%
Capitalization / Revenue 1.7 x 1.2 x 1.17 x 1.19 x 1.48 x 1.82 x 1.65 x 1.63 x
EV / Revenue 1.7 x 1.2 x 1.17 x 1.19 x 1.48 x 1.82 x 1.65 x 1.63 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.53 x 0.35 x 0.36 x 0.35 x 0.36 x 0.38 x 0.35 x 0.33 x
Nbr of stocks (in thousands) 7,42,62,727 7,42,62,727 7,42,62,727 7,42,62,727 7,42,62,727 7,42,62,727 - -
Reference price 2 4.951 3.451 3.838 3.965 4.426 4.989 4.989 4.989
Announcement Date 27/03/20 26/03/21 25/03/22 30/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,32,472 2,46,200 2,69,390 2,72,970 2,57,595 2,43,207 2,62,049 2,75,779
EBITDA - - - - - - - -
EBIT 1 88,148 86,213 1,62,650 1,60,515 1,57,668 1,52,230 1,65,043 1,69,965
Operating Margin 37.92% 35.02% 60.38% 58.8% 61.21% 62.59% 62.98% 61.63%
Earnings before Tax (EBT) 1 88,200 86,425 93,959 98,215 99,698 1,03,770 1,06,754 1,09,131
Net income 1 77,281 78,274 87,581 92,149 92,728 86,831 95,494 98,669
Net margin 33.24% 31.79% 32.51% 33.76% 36% 35.7% 36.44% 35.78%
EPS 2 1.000 0.9900 1.100 1.140 1.150 1.170 1.258 1.325
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3150 0.3170 0.3550 0.3730 0.3750 0.3800 0.3981 0.4153
Announcement Date 27/03/20 26/03/21 25/03/22 30/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q2 2022 S1 2022 Q3 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 1,10,867 1,15,973 1,23,012 63,421 65,984 66,925 1,30,049 59,307 72,030 - 51,273 58,706 - 53,437 64,703 - 56,808 58,870 - - -
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT 1 69,793 73,486 - 42,121 40,278 43,223 83,405 42,743 44,220 - - - - 41,947 43,815 - 36,103 38,680 - - -
Operating Margin 62.95% 63.36% - 66.41% 61.04% 64.58% 64.13% 72.07% 61.39% - - - - 78.5% 67.72% - 63.55% 65.7% - - -
Earnings before Tax (EBT) 39,241 39,958 - - - - - - - - - - - - - - - - - - -
Net income - - 42,019 22,341 - 20,704 44,040 - - - - - - - - - - - - - -
Net margin - - 34.16% 35.23% - 30.94% 33.86% - - - - - - - - - - - - - -
EPS - - - - - - - - - 0.5700 - - 0.5800 - - 0.6300 - - 0.6500 0.6500 0.6700
Dividend per Share - - - - - - - - - - - - - - - - - - - - -
Announcement Date 27/03/20 28/08/20 27/08/21 29/10/21 25/03/22 26/08/22 26/08/22 28/10/22 25/08/23 25/08/23 27/10/23 27/03/24 27/03/24 26/04/24 - - - - - - -
1CNY in Million
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) 11.2% 10.4% 10.8% 10.3% 9.68% 9.09% 8.89% 8.8%
ROA (Net income/ Total Assets) 0.8% 0.76% 0.8% 0.75% 0.69% 0.59% 0.62% 0.59%
Assets 1 97,20,881 1,02,99,211 1,09,47,625 1,22,86,533 1,34,38,841 1,47,17,119 1,53,35,172 1,66,06,192
Book Value Per Share 2 9.340 9.870 10.60 11.40 12.30 13.10 14.10 15.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/03/20 26/03/21 25/03/22 30/03/23 27/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
4.989 CNY
Average target price
5.144 CNY
Spread / Average Target
+3.09%
Consensus
  1. Stock Market
  2. Equities
  3. 3328 Stock
  4. 601328 Stock
  5. Financials Bank of Communications Co., Ltd.