Valuation Industrial and Commercial Bank of China Limited

Equities

Delayed Hong Kong S.E. Other stock markets 09:14:45 11/02/2026 am IST			5-day change	1st Jan Change
6.550 ^HKD	-0.30%		+2.66%	+4.13%

30/01	London Stock Exchange strikes collaboration deal with China's ICBC	AN
23/01	UK, China to Revive Business Dialogue During Prime Minister's Visit to Beijing	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	24,72,244	24,72,244	-
Change	-	-8.96%	-5.17%	7.5%	44.09%	7.93%	0%	-
Enterprise Value (EV)	17,12,977	15,59,423	14,78,751	15,89,701	22,90,644	24,72,244	24,72,244	24,72,244
Change	-	-8.96%	-5.17%	7.5%	44.09%	7.93%	0%	0%
P/E ratio	4.92x	3.77x	3.67x	3.54x	5x	5.83x	5.72x	5.53x
PBR	0.57x	0.44x	0.4x	0.36x	0.48x	0.52x	0.49x	0.46x
PEG	-	0.4x	1.74x	3.43x	-	3.35x	3.14x	1.61x
Capitalization / Revenue	1.94x	1.81x	1.76x	1.97x	2.91x	3.06x	2.97x	2.86x
EV / Revenue	0x	0x	0x	0x	0x	3.06x	2.97x	2.86x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	4.51x	4.36x	4.11x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2628	0.2933	0.3035	0.3064	0.308	0.3102	0.3152	0.3255
Rate of return	6.2%	8.18%	8.54%	8.84%	6.29%	5.34%	5.43%	5.6%
EPS ²	0.86	0.95	0.97	0.98	0.98	0.997	1.015	1.05
Distribution rate	30.6%	30.9%	31.3%	31.3%	31.4%	31.1%	31.1%	31%
Net sales ¹	8,82,665	8,60,880	8,41,441	8,06,458	7,86,126	8,08,869	8,32,686	8,63,041
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	3,91,382	6,24,653	6,00,557	5,67,760	5,43,971	5,47,766	5,67,283	6,01,974
Net income ¹	3,15,906	3,38,731	3,60,483	3,63,993	3,65,863	3,59,917	3,71,033	3,82,718
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	4.235	3.585	3.556	3.467	4.896	5.808	5.808	5.808
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	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	5.79x	-	-	5.37%	36TCr
JPMORGAN CHASE & CO.	15.87x	-	-	1.8%	87TCr
BANK OF AMERICA CORPORATION	14.82x	-	-	1.92%	41TCr
HSBC HOLDINGS PLC	15.25x	-	-	3.97%	31TCr
WELLS FARGO & COMPANY	14.98x	-	-	1.8%	29TCr
CHINA CONSTRUCTION BANK CORPORATION	5.56x	-	-	5.37%	28TCr
ROYAL BANK OF CANADA	15.32x	-	-	2.85%	24TCr
BANK OF CHINA LIMITED	5.69x	-	-	5.3%	24TCr
MITSUBISHI UFJ FINANCIAL GROUP, INC.	15.28x	-	-	2.53%	21TCr
COMMONWEALTH BANK OF AUSTRALIA	25.49x	-	-	3.12%	19TCr
Average	13.40x			3.4%	33.92TCr
Weighted average by Cap.	13.47x			3.12%