Financials Bank of Ningbo Co., Ltd.

Equities

002142

CNE1000005P7

Banks

End-of-day quote Shenzhen S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
22.06 CNY -0.72% Intraday chart for Bank of Ningbo Co., Ltd. -0.36% +9.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,58,437 2,12,323 2,52,785 2,14,287 1,32,798 1,45,675 - -
Enterprise Value (EV) 1 1,58,437 2,12,323 2,52,785 2,14,287 1,32,798 1,45,675 1,45,675 1,45,675
P/E ratio 11.7 x 14.5 x 12.3 x 9.6 x 5.36 x 5.35 x 4.84 x 4.36 x
Yield 1.78% 1.41% 1.31% 1.54% 2.98% 2.91% 3.15% 3.49%
Capitalization / Revenue 4.52 x 5.16 x 4.79 x 3.7 x 2.16 x 2.22 x 2.04 x 1.85 x
EV / Revenue 4.52 x 5.16 x 4.79 x 3.7 x 2.16 x 2.22 x 2.04 x 1.85 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.85 x 2.05 x 1.88 x 1.4 x 0.66 x 0.73 x 0.64 x 0.57 x
Nbr of stocks (in thousands) 56,28,330 60,08,016 66,03,591 66,03,591 66,03,591 66,03,591 - -
Reference price 2 28.15 35.34 38.28 32.45 20.11 22.06 22.06 22.06
Announcement Date 28/02/20 26/02/21 17/01/22 10/02/23 07/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 35,081 41,111 52,721 57,879 61,584 65,743 71,452 78,729
EBITDA - - - - - - - -
EBIT 1 15,290 16,500 32,832 35,823 36,968 39,920 43,852 48,845
Operating Margin 43.58% 40.14% 62.27% 61.89% 60.03% 60.72% 61.37% 62.04%
Earnings before Tax (EBT) 1 15,218 16,455 20,522 25,280 27,897 30,059 33,034 36,573
Net income 1 13,714 15,050 19,515 23,075 25,535 27,625 30,437 33,714
Net margin 39.09% 36.61% 37.02% 39.87% 41.46% 42.02% 42.6% 42.82%
EPS 2 2.410 2.430 3.120 3.380 3.750 4.123 4.561 5.057
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.6000 0.6412 0.6940 0.7708
Announcement Date 28/02/20 26/02/21 17/01/22 10/02/23 07/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 13,843 16,553 15,591 15,091 14,350 17,509 17,770 18,018 15,684
EBITDA - - - - - - - - -
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income - - - - - - - - -
Net margin - - - - - - - - -
EPS 2 0.7400 1.000 0.9600 0.9700 0.8200 1.060 1.050 1.020 1.010
Dividend per Share - - - - - - - - -
Announcement Date 17/01/22 27/04/23 24/08/23 31/10/23 07/02/24 29/04/24 - - -
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) 17.1% 14.9% 16.6% 15.6% 15.1% 14.1% 13.9% 13.7%
ROA (Net income/ Total Assets) 1.13% 1.02% 1.07% 1.06% 1.01% 0.95% 0.92% 0.9%
Assets 1 12,17,075 14,72,603 18,20,939 21,84,512 25,28,218 29,01,585 33,18,372 37,63,068
Book Value Per Share 2 15.20 17.30 20.40 23.10 30.50 30.20 34.50 38.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 28/02/20 26/02/21 17/01/22 10/02/23 07/02/24 - - -
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
23
Last Close Price
22.06 CNY
Average target price
28.74 CNY
Spread / Average Target
+30.29%
Consensus
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