Financials Bank of Chengdu Co., Ltd.

Equities

601838

CNE100002SN6

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
14.42 CNY -2.63% Intraday chart for Bank of Chengdu Co., Ltd. +1.55% +28.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 29,079 32,763 38,543 43,347 56,371 54,997 54,997 -
Enterprise Value (EV) 1 29,079 32,763 38,543 43,347 56,371 42,945 54,997 54,997
P/E ratio - - - 5.74 x 5.69 x 4.08 x 4.3 x 3.63 x
Yield 4.35% 4.63% 4.31% 5.25% 5.12% 7.96% 6.92% 7.57%
Capitalization / Revenue 2.51 x 2.57 x 2.64 x 2.42 x 2.79 x 1.98 x 2.38 x 2.05 x
EV / Revenue 2.51 x 2.57 x 2.64 x 2.42 x 2.79 x 1.98 x 2.38 x 2.05 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.93 x 0.92 x 0.96 x 0.94 x 1.03 x 0.66 x 0.74 x 0.65 x
Nbr of stocks (in thousands) 3,612,251 3,612,251 3,612,251 3,612,251 3,684,401 3,813,934 3,813,934 -
Reference price 2 8.050 9.070 10.67 12.00 15.30 14.42 14.42 14.42
Announcement Date 1/22/19 1/6/20 3/4/21 4/27/22 2/17/23 4/24/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 11,590 12,725 14,600 17,890 20,241 21,702 23,074 26,793
EBITDA - - - - - - - -
EBIT 1 5,092 6,234 6,837 8,804 11,698 13,905 16,480 19,694
Operating Margin 43.94% 48.99% 46.83% 49.21% 57.79% 64.07% 71.42% 73.5%
Earnings before Tax (EBT) 1 - - - - 11,681 13,892 15,349 17,649
Net income 1 - - - 7,831 10,042 11,671 12,950 15,158
Net margin - - - 43.77% 49.61% 53.78% 56.13% 56.57%
EPS 2 - - - 2.090 2.690 2.760 3.354 3.973
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3500 0.4200 0.4600 0.6300 0.7840 0.8968 0.9973 1.092
Announcement Date 1/22/19 1/6/20 3/4/21 4/27/22 2/17/23 4/24/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2023 Q2 2023 S1
Net sales 1 - - 5,805 11,110
EBITDA - - - -
EBIT - 2,611 - -
Operating Margin - - - -
Earnings before Tax (EBT) 1 - 2,602 3,739 6,731
Net income 1 4,457 2,294 3,049 5,576
Net margin - - 52.53% 50.19%
EPS 1.160 - - -
Dividend per Share - - - -
Announcement Date 8/29/22 10/28/22 8/29/23 8/29/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16% 16.6% 15.9% 17.6% 19.5% 18.8% 18.4% 18.6%
ROA (Net income/ Total Assets) 1% 1.06% 1% 1.1% 1.19% 1.2% 1.1% 1.12%
Assets 1 - - - 711,885 843,330 997,539 1,177,309 1,354,468
Book Value Per Share 2 8.640 9.840 11.10 12.70 14.80 17.10 19.50 22.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/22/19 1/6/20 3/4/21 4/27/22 2/17/23 4/24/24 - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
14.42 CNY
Average target price
15.77 CNY
Spread / Average Target
+9.33%
Consensus

Annual profits - Rate of surprise

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