Financials Bank of Shanghai Co., Ltd.

Equities

601229

CNE100002FM5

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.12 CNY +0.56% Intraday chart for Bank of Shanghai Co., Ltd. +1.14% +19.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 122,285 134,820 111,379 101,293 83,961 101,151 101,151 -
Enterprise Value (EV) 1 122,285 134,820 111,379 101,293 83,961 84,814 101,151 101,151
P/E ratio 7.17 x 6.98 x 5.6 x 5.28 x 4.38 x 3.9 x 4.47 x 4.26 x
Yield 4.02% 4.21% 5.1% 5.61% 6.77% 7.71% 6.98% 6.73%
Capitalization / Revenue 2.79 x 2.71 x 2.19 x 1.8 x 1.58 x 1.68 x 1.89 x 1.75 x
EV / Revenue 2.79 x 2.71 x 2.19 x 1.8 x 1.58 x 1.68 x 1.89 x 1.75 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.76 x 0.65 x 0.55 x 0.42 x 0.36 x 0.43 x 0.4 x
Nbr of stocks (in thousands) 14,206,529 14,206,529 14,206,529 14,206,625 14,206,662 14,206,671 14,206,671 -
Reference price 2 8.608 9.490 7.840 7.130 5.910 7.120 7.120 7.120
Announcement Date 1/18/19 1/13/20 1/8/21 3/2/22 3/16/23 3/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 43,888 49,800 50,746 56,230 53,112 50,564 53,529 57,665
EBITDA - - - - - - - -
EBIT 1 19,084 22,230 22,321 23,558 24,025 26,030 42,514 44,712
Operating Margin 43.48% 44.64% 43.99% 41.9% 45.23% 51.48% 79.42% 77.54%
Earnings before Tax (EBT) 1 19,252 22,377 22,410 23,555 24,044 25,897 26,273 28,081
Net income 1 18,034 20,298 20,885 22,042 22,280 22,545 23,914 25,116
Net margin 41.09% 40.76% 41.16% 39.2% 41.95% 44.59% 44.67% 43.55%
EPS 2 1.200 1.360 1.400 1.350 1.350 1.530 1.592 1.673
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3462 0.4000 0.4000 0.4000 0.4000 0.4600 0.4970 0.4792
Announcement Date 1/18/19 1/13/20 1/8/21 3/2/22 3/16/23 3/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 14,774 14,229 13,713 13,732 11,439 13,215 13,145 12,913 11,291 13,094 14,065 12,750 12,750 13,826 13,826
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 5,710 6,209 7,446 4,788 - - - - 6,260 7,252 7,366 5,771 5,771 6,654 6,654
Net income 5,398 5,853 6,821 4,493 - - - - - - - - - - -
Net margin 36.53% 41.14% 49.74% 32.72% - - - - - - - - - - -
EPS 0.2800 0.3700 0.4300 0.2900 - - - - - - - - - - -
Dividend per Share 2 0.4000 - - - 0.4000 - - - - - - - 0.4970 - -
Announcement Date 3/2/22 4/28/22 8/25/22 10/26/22 3/16/23 5/26/23 8/26/23 10/26/23 3/22/24 4/25/24 - - - - -
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) 12.7% 12.9% 12.1% 11.1% 11% 10.4% 10.2% 9.65%
ROA (Net income/ Total Assets) 0.94% 0.95% 0.89% 0.86% 0.81% 0.76% 0.7% 0.67%
Assets 1 1,917,695 2,132,367 2,349,269 2,557,670 2,765,984 2,982,025 3,433,400 3,759,806
Book Value Per Share 2 11.40 12.40 12.00 13.00 14.20 16.80 16.70 17.70
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/18/19 1/13/20 1/8/21 3/2/22 3/16/23 3/22/24 - -
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
HOLD
Number of Analysts
4
Last Close Price
7.12 CNY
Average target price
6.428 CNY
Spread / Average Target
-9.73%
Consensus
  1. Stock Market
  2. Equities
  3. 601229 Stock
  4. Financials Bank of Shanghai Co., Ltd.