Financials Bank of Nanjing Co., Ltd.

Equities

601009

CNE100000627

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.03 CNY -4.44% Intraday chart for Bank of Nanjing Co., Ltd. -3.22% +22.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 54,795 74,389 80,857 89,663 107,741 93,404 93,404 -
Enterprise Value (EV) 1 54,795 74,389 80,857 89,663 107,741 76,337 93,404 93,404
P/E ratio 5.13 x 6.18 x 6.03 x 6.31 x 6.77 x 5.03 x 4.69 x 4.23 x
Yield 6.07% 4.47% 4.86% 5.31% 5.12% 7.27% 6.2% 6.84%
Capitalization / Revenue 2 x 2.29 x 2.35 x 2.19 x 2.42 x 2.02 x 1.89 x 1.72 x
EV / Revenue 2 x 2.29 x 2.35 x 2.19 x 2.42 x 2.02 x 1.89 x 1.72 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.7 x 0.86 x 0.76 x 0.74 x 0.85 x 0.55 x 0.59 x 0.53 x
Nbr of stocks (in thousands) 8,482,208 8,482,208 10,007,017 10,007,017 10,339,845 10,343,734 10,343,734 -
Reference price 2 6.460 8.770 8.080 8.960 10.42 9.030 9.030 9.030
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 27,406 32,442 34,465 40,925 44,606 46,265 49,317 54,280
EBITDA - - - - - - - -
EBIT 1 12,712 14,938 15,579 19,187 30,632 31,874 34,800 41,241
Operating Margin 46.38% 46.05% 45.2% 46.88% 68.67% 68.89% 70.56% 75.98%
Earnings before Tax (EBT) 1 12,673 14,893 15,501 19,184 21,739 22,861 24,640 27,299
Net income 1 11,073 12,453 13,101 15,857 18,408 18,977 20,433 22,800
Net margin 40.4% 38.39% 38.01% 38.75% 41.27% 41.02% 41.43% 42%
EPS 2 1.260 1.420 1.340 1.420 1.540 1.794 1.927 2.136
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3920 0.3920 0.3930 0.4754 0.5339 0.5367 0.5603 0.6177
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 10,040 10,064 10,624 12,277 11,255 11,656 9,418 12,953 11,351 11,388 11,872 13,501 13,501 12,388 12,388
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 5,378 4,449 4,362 5,936 6,075 5,996 3,732 6,511 6,389 5,661 4,891 - - - -
Net income 1 4,355 3,890 3,513 5,015 5,135 4,820 3,437 5,427 5,258 4,599 3,822 - - - -
Net margin 43.37% 38.65% 33.07% 40.85% 45.63% 41.35% 36.49% 41.9% 46.32% 40.39% 32.19% - - - -
EPS 2 0.4200 0.3200 0.2800 0.4300 0.5100 0.3900 0.2100 0.4600 0.4400 0.3700 0.3597 0.5500 0.5300 0.4600 0.3600
Dividend per Share 2 - - 0.4754 - - - 0.5339 - - - 0.5367 - - - 0.5998
Announcement Date 8/18/21 10/29/21 4/15/22 4/15/22 7/3/22 10/28/22 4/28/23 4/28/23 8/30/23 10/30/23 4/26/24 - - - -
1CNY in Million2CNY
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) 17% 16.5% 14.3% 14.9% 15.1% 13.1% 12.9% 13.1%
ROA (Net income/ Total Assets) 0.93% 0.96% 0.92% 0.97% 0.95% 0.88% 0.87% 0.86%
Assets 1 1,189,101 1,293,196 1,430,227 1,633,017 1,937,892 2,151,526 2,359,545 2,638,530
Book Value Per Share 2 9.170 10.20 10.70 12.10 12.20 13.50 15.40 17.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
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
14
Last Close Price
9.03 CNY
Average target price
9.176 CNY
Spread / Average Target
+1.61%
Consensus
  1. Stock Market
  2. Equities
  3. 601009 Stock
  4. Financials Bank of Nanjing Co., Ltd.