Valuation Industrial and Commercial Bank of China Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:38:46 08/07/2025 pm IST			5-day change	1st Jan Change
6.150 ^HKD	+0.33%		-3.00%	+18.04%

26/06	S&P Assigns A/A-1 Ratings to ICIL Aero Treasury's Medium-Term Note Program	MT
25/06	Ping An Insurance, Other Insurers Bet on Bank Stocks for High Dividends	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	17,12,977	15,59,423	14,78,751	15,89,701	22,90,644	25,70,330	-	-
Change	-	-8.96%	-5.17%	7.5%	44.09%	12.21%	-	-
Enterprise Value (EV)	17,12,977	15,59,423	14,78,751	15,89,701	22,90,644	25,70,330	25,70,330	25,70,330
Change	-	-8.96%	-5.17%	7.5%	44.09%	12.21%	0%	0%
P/E ratio	4.92x	3.77x	3.67x	3.54x	5x	5.67x	5.53x	5.33x
PBR	0.57x	0.44x	0.4x	0.36x	0.48x	0.51x	0.48x	0.45x
PEG	-	0.4x	1.74x	3.43x	-	7.4x	2.1x	1.4x
Capitalization / Revenue	1.94x	1.81x	1.76x	1.97x	2.91x	3.26x	3.14x	3.04x
EV / Revenue	0x	0x	0x	0x	0x	3.26x	3.14x	3.04x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	4.73x	4.55x	4.33x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2628	0.2933	0.3035	0.3064	0.308	0.3078	0.3123	0.3225
Rate of return	6.2%	8.18%	8.54%	8.84%	6.29%	5.49%	5.57%	5.76%
EPS ²	0.86	0.95	0.97	0.98	0.98	0.9875	1.013	1.052
Distribution rate	30.6%	30.9%	31.3%	31.3%	31.4%	31.2%	30.8%	30.7%
Net sales ¹	8,82,665	8,60,880	8,41,441	8,06,458	7,86,126	7,88,598	8,18,012	8,45,557
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	3,91,382	6,24,653	6,00,557	5,67,760	5,43,971	5,43,440	5,64,837	5,93,669
Net income ¹	3,15,906	3,38,731	3,60,483	3,63,993	3,65,863	3,58,083	3,66,832	3,80,004
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	4.235	3.585	3.556	3.467	4.896	5.602	5.602	5.602
Nbr of stocks (in thousands)	35,64,06,257	35,64,06,257	35,64,06,257	35,64,06,257	35,64,06,257	35,64,06,257	-	-
Announcement Date	26/03/21	30/03/22	30/03/23	27/03/24	28/03/25	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.67x	-	-	5.49%	36TCr
JPMORGAN CHASE & CO.	15.76x	-	-	1.96%	81TCr
BANK OF AMERICA CORPORATION	13.45x	-	-	2.23%	37TCr
CHINA CONSTRUCTION BANK CORPORATION	5.81x	-	-	5.25%	28TCr
WELLS FARGO & COMPANY	14.11x	-	-	2.04%	27TCr
BANK OF CHINA LIMITED	5.78x	-	-	5.42%	24TCr
HSBC HOLDINGS PLC	9.83x	-	-	5.49%	21TCr
COMMONWEALTH BANK OF AUSTRALIA	28.79x	-	-	2.72%	19TCr
ROYAL BANK OF CANADA	13.9x	-	-	3.34%	19TCr
HDFC BANK LIMITED	22.71x	-	-	1.04%	18TCr
Average	13.58x			3.5%	30.93TCr
Weighted average by Cap.	13.20x			3.29%