Financials Bank of China Limited BOERSE MUENCHEN

Equities

W8V

CNE1000001Z5

Banks

Real-time BOERSE MUENCHEN 12:43:33 16/07/2024 BST 5-day change 1st Jan Change
0.4045 EUR -3.37% Intraday chart for Bank of China Limited +2.98% +23.12%

Valuation

Fiscal Period: Dezember 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,026,297 856,431 834,399 874,723 1,068,559 1,297,339 - -
Enterprise Value (EV) 1 1,026,297 856,431 834,399 874,723 1,068,559 1,297,339 1,297,339 1,297,339
P/E ratio 4.88 x 3.66 x 3.27 x 3.44 x 3.66 x 4.4 x 4.28 x 4.06 x
Yield 6.42% 8.83% 9.65% 9.25% 8.73% 7.2% 7.33% 7.67%
Capitalization / Revenue 1.87 x 1.51 x 1.38 x 1.41 x 1.71 x 2.1 x 1.99 x 1.86 x
EV / Revenue 1.87 x 1.51 x 1.38 x 1.41 x 1.71 x 2.1 x 1.99 x 1.86 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.53 x 0.37 x 0.35 x 0.36 x 0.36 x 0.41 x 0.37 x 0.35 x
Nbr of stocks (in thousands) 294,368,301 294,385,451 294,384,261 294,387,791 294,387,791 294,387,791 - -
Reference price 2 2.976 2.230 2.290 2.508 2.709 3.290 3.290 3.290
Announcement Date 27/03/20 30/03/21 29/03/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Dezember 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 549,182 567,647 605,717 619,139 624,138 618,286 652,540 696,874
EBITDA - - - - - - - -
EBIT 1 249,537 365,236 379,362 387,943 401,205 406,988 426,880 456,643
Operating Margin 45.44% 64.34% 62.63% 62.66% 64.28% 65.83% 65.42% 65.53%
Earnings before Tax (EBT) 1 250,645 246,378 276,620 284,595 295,608 295,256 306,947 323,895
Net income 1 187,405 192,870 216,559 227,439 231,904 223,907 229,781 240,625
Net margin 34.12% 33.98% 35.75% 36.73% 37.16% 36.21% 35.21% 34.53%
EPS 2 0.6100 0.6100 0.7000 0.7300 0.7400 0.7475 0.7689 0.8107
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1910 0.1970 0.2210 0.2320 0.2364 0.2369 0.2410 0.2525
Announcement Date 27/03/20 30/03/21 29/03/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2022 Q2 2022 S1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 273,322 286,983 302,855 152,460 313,611 153,490 - 151,225 153,206 - 161,038 147,568 - 143,980 143,832 - - -
EBITDA - - - - - - - - - - - - - - - - - -
EBIT 166,183 196,037 - 101,020 204,699 - - 98,702 87,096 - 106,745 - - - - - - -
Operating Margin 60.8% 68.31% - 66.26% 65.27% - - 65.27% 56.85% - 66.29% - - - - - - -
Earnings before Tax (EBT) 98,087 129,616 - - - - - 68,695 - - 71,897 - - - - - - -
Net income 73,357 100,917 112,813 - - - - 54,763 - - 55,989 - - - - - - -
Net margin 26.84% 35.16% 37.25% - - - - 36.21% - - 34.77% - - - - - - -
EPS - - - - - - 0.3700 - - 0.3700 0.1800 - 0.4000 - - 0.3800 0.4100 0.4000
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 27/03/20 30/08/20 30/08/21 30/08/22 30/08/22 30/08/23 30/08/23 30/10/23 28/03/24 28/03/24 29/04/24 - - - - - - -
1CNY in Million
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) 11.5% 10.6% 11.3% 10.8% 10.1% 9.23% 8.91% 8.81%
ROA (Net income/ Total Assets) 0.85% 0.87% 0.89% 0.85% 0.8% 0.67% 0.64% 0.62%
Assets 1 22,021,739 22,168,966 24,332,472 26,757,529 28,988,000 33,239,359 35,945,330 39,032,069
Book Value Per Share 2 5.610 5.980 6.470 6.990 7.580 8.110 8.830 9.400
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/03/20 30/03/21 29/03/22 30/03/23 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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
3.29 CNY
Average target price
3.756 CNY
Spread / Average Target
+14.17%
Consensus
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