Stock 601398 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials Industrial and Commercial Bank of China Limited Shanghai S.E.

Equities

601398

CNE000001P37

Banks

End-of-day quote Shanghai S.E.
Other stock markets
 03:30:00 30/04/2024 am IST 		5-day change 1st Jan Change
5.43 CNY +0.93% Intraday chart for Industrial and Commercial Bank of China Limited -0.91% +13.60%
29/04 Industrial and Commercial Bank of China Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
29/04 Industrial And Commercial Bank of China Redeems 55 Billion Yuan Tier-II Capital Bonds MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,50,257 17,12,192 15,59,687 14,76,442 15,91,798 18,03,594 - -
Enterprise Value (EV) 1 20,50,257 17,12,192 15,59,687 14,76,442 15,91,798 18,03,594 18,03,594 18,03,594
P/E ratio 6.23 x 4.92 x 3.77 x 3.66 x 3.54 x 3.92 x 3.79 x 3.6 x
Yield 4.9% 6.21% 8.18% 8.55% 0.88% 7.97% 8.17% 8.5%
Capitalization / Revenue 2.4 x 1.94 x 1.81 x 1.75 x 1.97 x 2.3 x 2.11 x 2.12 x
EV / Revenue 2.4 x 1.94 x 1.81 x 1.75 x 1.97 x 2.3 x 2.11 x 2.12 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.77 x 0.57 x 0.44 x 0.4 x 0.36 x 0.38 x 0.36 x 0.33 x
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 - -
Reference price 2 5.362 4.234 3.585 3.550 3.472 3.913 3.913 3.913
Announcement Date 27/03/20 26/03/21 30/03/22 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 8,55,164 8,82,665 8,60,880 8,41,441 8,06,458 7,82,829 8,28,612 8,62,016
EBITDA - - - - - - - -
EBIT 1 5,68,226 3,91,382 6,24,653 6,00,557 5,67,760 5,46,242 5,88,109 6,02,446
Operating Margin 66.45% 44.34% 72.56% 71.37% 70.4% 69.78% 70.98% 69.89%
Earnings before Tax (EBT) 1 3,91,789 3,92,126 4,24,899 4,22,565 4,21,966 4,21,188 4,42,474 4,60,220
Net income 1 3,07,699 3,15,906 3,38,731 3,60,483 3,63,993 3,62,072 3,73,996 3,93,146
Net margin 35.98% 35.79% 39.35% 42.84% 45.13% 46.25% 45.14% 45.61%
EPS 2 0.8600 0.8600 0.9500 0.9700 0.9800 0.9978 1.033 1.087
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2628 0.2628 0.2933 0.3035 0.0306 0.3120 0.3195 0.3327
Announcement Date 27/03/20 26/03/21 30/03/22 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 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 3,81,799 4,02,346 4,26,406 2,16,985 - 2,16,930 4,43,788 - 1,90,322 - 2,10,445 - 1,94,614 1,82,938 2,10,165 1,96,575 - 1,89,542 1,75,893 - - -
EBITDA - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 2,61,177 3,14,421 3,31,415 1,30,651 - 1,59,415 3,40,615 - 1,12,308 - 1,53,019 - 1,34,997 1,09,236 1,61,580 1,43,594 - 1,31,902 1,05,787 - - -
Operating Margin 68.41% 78.15% 77.72% 60.21% - 73.49% 76.75% - 59.01% - 72.71% - 69.37% 59.71% 76.88% 73.05% - 69.59% 60.14% - - -
Earnings before Tax (EBT) 1,82,580 1,89,351 - - - - - - 1,00,388 - 97,069 - 1,10,590 1,07,721 1,02,455 - - - - - - -
Net income 1,39,768 1,48,790 1,63,473 - - - - - 94,661 - 83,580 - 94,929 95,320 87,653 - - - - - - -
Net margin 36.61% 36.98% 38.34% - - - - - 49.74% - 39.72% - 48.78% 52.11% 41.71% - - - - - - -
EPS - - - 0.2600 0.2500 - - 0.2400 0.2600 0.2500 0.2300 0.4800 0.2400 0.2600 0.2400 - 0.4900 - - 0.5400 0.5000 0.5600
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 27/03/20 30/08/20 27/08/21 30/03/22 29/04/22 30/08/22 30/08/22 28/10/22 30/03/23 28/04/23 30/08/23 30/08/23 27/10/23 27/03/24 29/04/24 - - - - - - -
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) 13.1% 12% 12.2% 11.4% 10.7% 9.95% 9.64% 9.58%
ROA (Net income/ Total Assets) 1.08% 1% 1.02% 0.97% 0.87% 0.77% 0.75% 0.71%
Assets 1 2,84,90,648 3,17,17,470 3,32,08,922 3,71,63,196 4,18,38,276 4,71,08,636 4,99,70,714 5,54,89,950
Book Value Per Share 2 6.930 7.480 8.150 8.810 9.550 10.20 11.00 11.70
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/03/20 26/03/21 30/03/22 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

Ratings for Industrial and Commercial Bank of China Limited

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
3.913 CNY
Average target price
4.44 CNY
Spread / Average Target
+13.47%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Banks

1st Jan change Capi.
JPMORGAN CHASE & CO. Stock JPMorgan Chase & Co.
+13.22% 555B
BANK OF AMERICA CORPORATION Stock Bank of America Corporation
+10.78% 295B
WELLS FARGO & COMPANY Stock Wells Fargo & Company
+21.03% 209B
BANK OF CHINA LIMITED Stock Bank of China Limited
+18.46% 172B
CHINA CONSTRUCTION BANK CORPORATION Stock China Construction Bank Corporation
+9.68% 165B
HSBC HOLDINGS PLC Stock HSBC Holdings plc
+9.46% 156B
ROYAL BANK OF CANADA Stock Royal Bank of Canada
-0.33% 139B
HDFC BANK LIMITED Stock HDFC Bank Limited
-11.07% 139B
COMMONWEALTH BANK OF AUSTRALIA Stock Commonwealth Bank of Australia
+2.45% 125B
Other Banks
  1. Stock Market
  2. Equities
  3. 1398 Stock
  4. 601398 Stock
  5. Financials Industrial and Commercial Bank of China Limited