Financials Industrial Bank Co., Ltd.

Equities

601166

CNE000001QZ7

Banks

End-of-day quote Shanghai S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
16.43 CNY +1.61% Intraday chart for Industrial Bank Co., Ltd. +1.55% +1.36%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,11,329 4,33,557 3,95,541 3,65,419 3,36,751 3,41,322 - -
Enterprise Value (EV) 1 4,11,329 4,33,557 3,95,541 3,65,419 3,36,751 3,41,322 3,41,322 3,41,322
P/E ratio 6.39 x 6.78 x 5.05 x 4.19 x 4.62 x 4.45 x 4.21 x 4.06 x
Yield 3.85% 3.84% 5.44% 6.75% 6.42% 6.52% 6.7% 6.98%
Capitalization / Revenue 2.27 x 2.13 x 1.79 x 1.64 x 1.6 x 1.62 x 1.54 x 1.5 x
EV / Revenue 2.27 x 2.13 x 1.79 x 1.64 x 1.6 x 1.62 x 1.54 x 1.5 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.82 x 0.66 x 0.55 x 0.47 x 0.44 x 0.41 x 0.38 x
Nbr of stocks (in thousands) 2,07,74,191 2,07,74,191 2,07,74,191 2,07,74,244 2,07,74,290 2,07,74,298 - -
Reference price 2 19.80 20.87 19.04 17.59 16.21 16.43 16.43 16.43
Announcement Date 15/01/20 14/01/21 10/01/22 30/01/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,81,308 2,03,137 2,21,236 2,22,374 2,10,831 2,11,271 2,22,023 2,27,993
EBITDA - - - - - - - -
EBIT 1 74,266 76,547 1,62,209 1,54,782 1,45,318 1,47,109 1,54,957 1,61,210
Operating Margin 40.96% 37.68% 73.32% 69.6% 68.93% 69.63% 69.79% 70.71%
Earnings before Tax (EBT) 1 74,503 76,637 95,310 1,06,221 84,329 87,010 93,252 95,407
Net income 1 65,868 66,626 82,680 91,377 77,116 77,746 81,855 84,437
Net margin 36.33% 32.8% 37.37% 41.09% 36.58% 36.8% 36.87% 37.03%
EPS 2 3.100 3.080 3.770 4.200 3.510 3.692 3.905 4.046
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7620 0.8020 1.035 1.188 1.040 1.071 1.100 1.147
Announcement Date 15/01/20 14/01/21 10/01/22 30/01/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 S1 2025 S2
Net sales 1 1,08,955 57,189 59,403 56,450 1,15,853 55,001 51,520 1,06,521 55,410 55,637 - 50,249 49,535 - 57,751 58,610 - 51,176 50,980 - 57,272 57,272 - -
EBITDA - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 46,334 36,393 - 41,927 - - - - - 39,600 - 34,488 30,595 - 43,540 - - - - - - - - -
Operating Margin 42.53% 63.64% - 74.27% - - - - - 71.18% - 68.63% 61.76% - 75.39% - - - - - - - - -
Earnings before Tax (EBT) 1 - 21,558 32,337 19,836 - 31,493 22,555 - 29,642 19,463 - 23,888 11,336 - 27,531 17,421 - 30,931 30,931 - 15,066 15,066 - -
Net income 1 40,112 18,642 27,578 17,309 44,887 26,921 19,569 46,490 25,115 17,565 - 22,285 12,151 - 24,336 10,572 - 29,525 28,106 - 11,485 8,692 - -
Net margin 36.82% 32.6% 46.43% 30.66% 38.74% 48.95% 37.98% 43.64% 45.33% 31.57% - 44.35% 24.53% - 42.14% 18.04% - 57.69% 55.13% - 20.05% 15.18% - -
EPS 2 - 0.8200 1.230 0.6400 - 1.190 0.8000 - 1.110 0.6600 1.770 0.9900 0.7500 1.740 1.080 0.9200 2.050 1.120 0.6700 1.750 0.5529 0.4184 2.170 1.870
Dividend per Share 2 - 1.035 - - - - 1.188 - - - - - - - - - - 0.5576 0.5576 - - - - -
Announcement Date 26/08/21 10/01/22 28/04/22 26/08/22 26/08/22 28/10/22 30/01/23 30/01/23 28/04/23 30/08/23 30/08/23 30/10/23 28/03/24 28/03/24 25/04/24 - - - - - - - - -
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) 14% 12.6% 13.9% 13.9% 10.6% 9.96% 9.94% 9.53%
ROA (Net income/ Total Assets) 0.95% 0.89% 1% 1.02% - 0.74% 0.74% 0.69%
Assets 1 69,26,183 75,19,865 82,47,382 89,37,500 - 1,05,71,248 1,10,94,934 1,22,74,753
Book Value Per Share 2 26.10 25.50 28.80 31.80 34.20 37.70 40.50 43.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 15/01/20 14/01/21 10/01/22 30/01/23 28/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
16.43 CNY
Average target price
17.35 CNY
Spread / Average Target
+5.62%
Consensus
  1. Stock Market
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  3. 601166 Stock
  4. Financials Industrial Bank Co., Ltd.