Financials China Zheshang Bank Co., Ltd Shanghai S.E.

Equities

601916

CNE100003PS9

Banks

End-of-day quote Shanghai S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
2.96 CNY -0.67% Intraday chart for China Zheshang Bank Co., Ltd -0.67% +17.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 96,437 82,691 70,756 60,286 65,233 76,459 - -
Enterprise Value (EV) 1 96,437 82,691 70,756 60,286 65,233 76,459 76,459 76,459
P/E ratio 5.68 x - - - - - - -
Yield - - - - - 8.22% 9.16% 8.45%
Capitalization / Revenue - 1.73 x 1.3 x 0.99 x 1.02 x 1.16 x 1.1 x 1.04 x
EV / Revenue - 1.73 x 1.3 x 0.99 x 1.02 x 1.16 x 1.1 x 1.04 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - 0.46 x - - 0.33 x 0.31 x 0.3 x
Nbr of stocks (in thousands) 21,268,697 21,268,697 21,268,697 21,268,697 27,464,636 27,464,636 - -
Reference price 2 3.637 3.190 2.689 2.464 1.836 2.129 2.129 2.129
Announcement Date 27/03/20 30/03/21 29/03/22 27/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 47,771 54,471 61,085 63,704 65,851 69,298 73,606
EBITDA - - - - - - - -
EBIT 1 - 34,529 14,932 15,847 17,523 45,540 43,987 45,028
Operating Margin - 72.28% 27.41% 25.94% 27.51% 69.16% 63.47% 61.17%
Earnings before Tax (EBT) 1 - - - 15,831 17,492 18,819 20,498 21,196
Net income 1 12,925 - - 13,618 15,048 16,092 17,232 18,275
Net margin - - - 22.29% 23.62% 24.44% 24.87% 24.83%
EPS 0.6400 - - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.1750 0.1950 0.1800
Announcement Date 27/03/20 30/03/21 29/03/22 27/03/23 28/03/24 - - -
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) - 9.6% 8.58% 9.01% 9.45% 9.26% 9.32% 9.38%
ROA (Net income/ Total Assets) - 0.64% 0.58% 0.55% 0.54% 0.49% 0.48% 0.46%
Assets 1 - - - 2,454,136 2,786,667 3,259,081 3,599,452 3,972,826
Book Value Per Share 2 - - 5.840 - - 6.380 6.920 7.130
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/03/20 30/03/21 29/03/22 27/03/23 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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.129 CNY
Average target price
2.7 CNY
Spread / Average Target
+26.80%
Consensus

Chiffre d''affaires - Rate of surprise

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