Company Valuation: China CITIC Bank Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 198,303 215,131 230,020 348,825 406,687 393,383 - -
Change - 8.49% 6.92% 51.65% 16.59% -3.27% - -
Enterprise Value (EV) 198,303 215,131 230,020 348,825 406,687 393,383 393,383 393,383
Change - 8.49% 6.92% 51.65% 16.59% -3.27% 0% 0%
P/E 4.28x 4.7x 4.64x 5.82x 6.42x 5.99x 5.8x 5.54x
PBR 0.44x 0.44x 0.43x 0.55x 0.59x 0.52x 0.49x 0.46x
PEG - -2.54x 0.61x 1.11x - 1.74x 1.71x 1.17x
Capitalization / Revenue 0.97x 1.02x 1.12x 1.63x 1.91x 1.78x 1.7x 1.59x
EV / Revenue 0x 0x 0x 0x 0x 1.78x 1.7x 1.59x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 2.65x 2.52x 2.36x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.302 0.329 0.356 0.1722 0.193 0.3949 0.4148 0.4333
Rate of return 6.54% 6.61% 6.73% 2.47% 2.51% 5.31% 5.58% 5.82%
EPS 2 1.08 1.06 1.14 1.2 1.2 1.241 1.284 1.344
Distribution rate 28% 31% 31.2% 14.4% 16.1% 31.8% 32.3% 32.2%
Net sales 1 204,554 211,109 205,896 213,646 212,636 220,783 231,286 247,475
EBITDA - - - - - - - -
EBIT 1 142,330 144,271 136,356 141,285 141,756 148,702 156,355 166,991
Net income 1 55,641 62,103 66,524 68,576 70,618 72,190 74,763 79,681
Net Debt - - - - - - - -
Reference price 2 4.620 4.980 5.290 6.980 7.700 7.440 7.440 7.440
Nbr of stocks (in thousands) 48,934,842 48,934,844 48,966,866 54,098,008 55,645,162 55,645,162 - -
Announcement Date 11/01/22 12/01/23 22/01/24 14/01/25 14/01/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.92x - - 5.37% 57.47B
13.69x - - 1.87% 911B
13.2x - - 1.96% 425B
5.72x - - 5.42% 374B
12.26x - - 4.2% 342B
18.95x - - 2.25% 298B
5.36x - - 5.68% 282B
11.73x - - 2.22% 261B
5.8x - - 5.4% 261B
14.6x - - 2.71% 250B
Average 10.72x 3.71% 346.27B
Weighted average by Cap. 11.60x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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