Financials China Zheshang Bank Co., Ltd

Equities

2016

CNE1000025S9

Banks

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
2.21 HKD -0.45% Intraday chart for China Zheshang Bank Co., Ltd 0.00% +9.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 96,437 82,691 70,756 60,286 65,233 74,805 - -
Enterprise Value (EV) 1 96,437 82,691 70,756 60,286 65,233 74,805 74,805 74,805
P/E ratio 5.68 x - - - - - - -
Yield - - - - - 8.31% 8.8% 8.8%
Capitalization / Revenue - 1.73 x 1.3 x 0.99 x 1.02 x 1.15 x 1.12 x 1.1 x
EV / Revenue - 1.73 x 1.3 x 0.99 x 1.02 x 1.15 x 1.12 x 1.1 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - 0.46 x - - 0.33 x 0.31 x 0.29 x
Nbr of stocks (in thousands) 21,268,697 21,268,697 21,268,697 21,268,697 27,464,636 27,464,636 - -
Reference price 2 3.637 3.190 2.689 2.464 1.836 2.046 2.046 2.046
Announcement Date 3/27/20 3/30/21 3/29/22 3/27/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 47,771 54,471 61,085 63,704 64,968 66,495 68,061
EBITDA - - - - - - - -
EBIT 1 - 34,529 14,932 15,847 17,523 45,599 48,130 45,074
Operating Margin - 72.28% 27.41% 25.94% 27.51% 70.19% 72.38% 66.23%
Earnings before Tax (EBT) 1 - - - 15,831 17,492 18,849 20,556 21,253
Net income 1 12,925 - - 13,618 15,048 16,110 17,261 18,306
Net margin - - - 22.29% 23.62% 24.8% 25.96% 26.9%
EPS 0.6400 - - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.1700 0.1800 0.1800
Announcement Date 3/27/20 3/30/21 3/29/22 3/27/23 3/28/24 - - -
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) - 9.6% 8.58% 9.01% 9.45% 8.18% 7.91% 7.81%
ROA (Net income/ Total Assets) - 0.64% 0.58% 0.55% 0.54% 0.49% 0.45% 0.42%
Assets 1 - - - 2,454,136 2,786,667 3,287,668 3,835,861 4,358,651
Book Value Per Share 2 - - 5.840 - - 6.280 6.690 7.130
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/27/20 3/30/21 3/29/22 3/27/23 3/28/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.046 CNY
Average target price
2.696 CNY
Spread / Average Target
+31.76%
Consensus

Chiffre d''affaires - Rate of surprise

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