DONGGUAN RURAL COMMERCIAL BANK CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.83 HKD | +2.09% |
|
+2.25% | -2.43% |
| 29/04 | Dongguan Rural Bank's 2023 Profit Declines 13% | MT |
| 28/04 | Dongguan Rural Commercial Bank Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 |
|---|---|---|---|
| Capitalization 1 | 42,377 | 43,804 | 43,827 |
| Enterprise Value (EV) 1 | 76,270 | 78,139 | 96,913 |
| P/E ratio | 6.63 x | 7.39 x | 8.49 x |
| Yield | 4.71% | 4.56% | 4.17% |
| Capitalization / Revenue | 4.02 x | 3.98 x | 4.41 x |
| EV / Revenue | 7.23 x | 7.11 x | 9.75 x |
| EV / EBITDA | - | - | - |
| EV / FCF | - | - | - |
| FCF Yield | - | - | - |
| Price to Book | 0.89 x | 0.86 x | 0.8 x |
| Nbr of stocks (in thousands) | 68,88,546 | 68,88,546 | 68,88,546 |
| Reference price 2 | 6.152 | 6.359 | 6.362 |
| Announcement Date | 25/03/22 | 29/03/23 | 26/03/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,162 | 9,215 | 9,323 | 10,553 | 10,997 | 9,938 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 5,108 | 5,701 | 5,372 | 5,990 | 6,284 | 5,170 |
| Net income 1 | 4,543 | 4,936 | 4,857 | 5,590 | 5,932 | 5,161 |
| Net margin | 55.66% | 53.56% | 52.1% | 52.97% | 53.94% | 51.93% |
| EPS | - | - | 0.8500 | 0.9274 | 0.8600 | 0.7493 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.2600 | 0.2900 | 0.2900 | 0.2650 |
| Announcement Date | 28/04/19 | 29/04/20 | 29/04/21 | 25/03/22 | 29/03/23 | 26/03/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 27,971 | 25,927 | 42,130 | 33,893 | 34,336 | 53,086 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 16.2% | 14.9% | 13.6% | 12.9% | 11.7% | 9.61% |
| ROA (Net income/ Total Assets) | 1.15% | 1.12% | 1% | 1% | 0.97% | 0.78% |
| Assets 1 | 3,94,504 | 4,40,544 | 4,85,013 | 5,59,586 | 6,10,067 | 6,59,758 |
| Book Value Per Share | - | - | 6.300 | 6.880 | 7.420 | 7.930 |
| Cash Flow per Share | - | - | 3.980 | 2.920 | 3.510 | 3.190 |
| Capex 1 | 66 | 227 | 416 | 381 | 339 | 206 |
| Capex / Sales | 0.81% | 2.47% | 4.46% | 3.61% | 3.08% | 2.07% |
| Announcement Date | 28/04/19 | 29/04/20 | 29/04/21 | 25/03/22 | 29/03/23 | 26/03/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.43% | 590Cr | |
| +19.08% | 33TCr | |
| +15.53% | 30TCr | |
| +23.30% | 25TCr | |
| +25.72% | 22TCr | |
| +26.88% | 18TCr | |
| +29.87% | 17TCr | |
| +12.20% | 16TCr | |
| +7.38% | 15TCr | |
| +9.36% | 13TCr |
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