Financials Ping An Bank Co., Ltd.

Equities

000001

CNE000000040

Banks

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.6 CNY -0.09% Intraday chart for Ping An Bank Co., Ltd. -0.84% +12.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 319,227 375,310 319,810 255,382 182,222 205,703 - -
Enterprise Value (EV) 1 319,227 375,310 319,810 255,382 182,222 205,703 205,703 205,703
P/E ratio 10.7 x 13.8 x 9.53 x 5.98 x 4.17 x 4.46 x 4.23 x 4.06 x
Yield 1.33% 0.93% 1.38% 2.17% 7.66% 6.83% 6.59% 7.38%
Capitalization / Revenue 2.31 x 2.44 x 1.89 x 1.42 x 1.11 x 1.36 x 1.29 x 1.26 x
EV / Revenue 2.31 x 2.44 x 1.89 x 1.42 x 1.11 x 1.36 x 1.29 x 1.26 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.17 x 1.28 x 0.98 x 0.7 x 0.45 x 0.47 x 0.43 x 0.38 x
Nbr of stocks (in thousands) 19,405,918 19,405,918 19,405,918 19,405,918 19,405,918 19,405,918 - -
Reference price 2 16.45 19.34 16.48 13.16 9.390 10.60 10.60 10.60
Announcement Date 1/13/20 2/1/21 1/13/22 1/16/23 3/14/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 137,958 153,542 169,383 179,895 164,699 150,989 159,800 163,511
EBITDA - - - - - - - -
EBIT 1 95,816 107,327 119,802 128,781 117,022 107,648 114,289 118,048
Operating Margin 69.45% 69.9% 70.73% 71.59% 71.05% 71.3% 71.52% 72.2%
Earnings before Tax (EBT) 1 36,240 36,754 45,879 57,253 57,718 59,038 62,631 64,186
Net income 1 28,195 28,928 36,336 45,516 46,455 47,011 49,678 50,862
Net margin 20.44% 18.84% 21.45% 25.3% 28.21% 31.14% 31.09% 31.11%
EPS 2 1.540 1.400 1.730 2.200 2.250 2.378 2.506 2.609
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2180 0.1800 0.2280 0.2850 0.7190 0.7238 0.6987 0.7827
Announcement Date 1/13/20 2/1/21 1/13/22 1/16/23 3/14/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 78,328 84,680 42,193 46,207 45,815 92,022 46,243 41,630 - 43,512 39,024 37,065 38,770 44,959 29,004 29,004 42,222 42,222
EBITDA - - - - - - - - - - - - - - - - - -
EBIT 17,659 - 29,211 - 33,143 66,806 - - - 31,465 28,163 24,561 27,950 - - - - -
Operating Margin 22.54% - 69.23% - 72.34% 72.6% - - - 72.31% 72.17% 66.26% 72.09% - - - - -
Earnings before Tax (EBT) 1 17,587 - 9,092 16,184 11,599 - 18,329 11,141 - 13,566 17,060 8,725 18,525 16,479 10,011 10,011 13,213 13,213
Net income 1 - - 7,201 12,850 9,238 - 14,571 8,857 - 10,785 14,248 6,820 14,932 11,235 8,057 7,237 10,635 8,606
Net margin - - 17.07% 27.81% 20.16% - 31.51% 21.28% - 24.79% 36.51% 18.4% 38.51% 24.99% 27.78% 24.95% 25.19% 20.38%
EPS 2 - - 0.3300 0.5600 0.4700 - 0.7500 0.4200 0.6400 0.5600 0.7300 0.3100 0.6600 0.5300 0.7000 0.3400 0.5480 0.4435
Dividend per Share 2 - - 0.2280 - - - - - - - - 0.7190 - - 0.3300 0.3300 - -
Announcement Date 8/27/20 8/19/21 1/13/22 4/26/22 8/17/22 8/17/22 10/25/22 1/16/23 4/24/23 8/23/23 10/24/23 3/14/24 4/19/24 - - - - -
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) 11.3% 9.58% 10.9% 12.4% 11.4% 10.7% 10.5% 10.1%
ROA (Net income/ Total Assets) 0.77% 0.69% 0.77% 0.89% 0.85% 0.81% 0.81% 0.79%
Assets 1 3,661,688 4,204,651 4,718,961 5,121,638 5,454,321 5,780,630 6,137,157 6,411,486
Book Value Per Share 2 14.10 15.20 16.80 18.80 20.70 22.50 24.50 27.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/13/20 2/1/21 1/13/22 1/16/23 3/14/24 - - -
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
OUTPERFORM
Number of Analysts
28
Last Close Price
10.6 CNY
Average target price
12.21 CNY
Spread / Average Target
+15.19%
Consensus
  1. Stock Market
  2. Equities
  3. 000001 Stock
  4. Financials Ping An Bank Co., Ltd.