Financials Hua Xia Bank Co., Limited

Equities

600015

CNE000001FW7

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
6.72 CNY -0.44% Intraday chart for Hua Xia Bank Co., Limited -1.32% +19.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 94,760 118,020 96,170 86,168 82,598 106,948 106,948 -
Enterprise Value (EV) 1 94,760 118,020 96,170 86,168 82,598 89,442 106,948 106,948
P/E ratio 4.74 x 5.6 x 5.21 x 4.15 x 3.63 x 3.8 x 4.14 x 4 x
Yield 2.35% 3.25% 4.82% 6.04% 7.38% 6.83% 6.09% 6.22%
Capitalization / Revenue 1.31 x 1.39 x 1.01 x 0.9 x 0.88 x 0.96 x 1.2 x 1.16 x
EV / Revenue 1.31 x 1.39 x 1.01 x 0.9 x 0.88 x 0.96 x 1.2 x 1.16 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.44 x 0.57 x 0.44 x 0.36 x 0.32 x 0.32 x 0.34 x 0.32 x
Nbr of stocks (in thousands) 12,822,687 15,387,224 15,387,224 15,387,224 15,914,928 15,914,928 15,914,928 -
Reference price 2 7.390 7.670 6.250 5.600 5.190 6.720 6.720 6.720
Announcement Date 3/8/19 3/10/20 2/21/21 2/22/22 2/23/23 2/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 72,227 84,734 95,309 95,870 93,808 93,207 89,105 92,345
EBITDA - - - - - - - -
EBIT 1 26,688 27,497 27,151 66,736 64,428 62,380 59,918 63,639
Operating Margin 36.95% 32.45% 28.49% 69.61% 68.68% 68.15% 67.24% 68.91%
Earnings before Tax (EBT) 1 26,783 27,563 27,153 31,493 33,583 35,439 35,304 36,283
Net income 1 20,854 21,905 21,275 23,535 25,035 26,363 25,998 26,728
Net margin 28.87% 25.85% 22.32% 24.55% 26.69% 28.28% 29.18% 28.94%
EPS 2 1.560 1.370 1.200 1.350 1.430 1.480 1.625 1.681
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1740 0.2490 0.3010 0.3380 0.3830 0.3840 0.4089 0.4180
Announcement Date 3/8/19 3/10/20 2/21/21 2/22/22 2/23/23 2/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 47,581 24,502 24,380 23,377 24,000 24,452 48,452 24,511 20,845 23,117 24,525 22,098 22,309 22,997 22,004 21,262
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 35,242 7,756 17,235 14,990 - 17,445 34,360 - - - 16,979 13,500 15,832 - - -
Operating Margin 74.07% 31.65% 70.69% 64.12% - 71.34% 70.92% - - - 69.23% 63.44% 70.97% - - -
Earnings before Tax (EBT) 1 12,060 7,670 6,905 9,837 7,546 7,957 15,503 7,470 10,610 7,865 8,545 11,083 6,847 5,923 10,819 10,819
Net income 1 - 5,625 5,215 7,340 5,626 5,904 11,530 5,546 7,959 5,854 6,260 8,408 5,792 - - -
Net margin - 22.96% 21.39% 31.4% 23.44% 24.15% 23.8% 22.63% 38.18% 25.32% 25.52% 38.05% 25.96% - - -
EPS 2 - 0.2400 0.3400 0.4800 0.3000 0.2600 - 0.3600 0.5100 0.3100 0.2700 0.5300 0.3800 0.4300 0.3700 -
Dividend per Share 2 - - - 0.3380 - - - - 0.3830 - - 0.1986 - - 0.2026 0.2026
Announcement Date 8/30/20 8/30/21 10/29/21 2/22/22 4/29/22 8/26/22 8/26/22 10/28/22 2/23/23 4/27/23 8/25/23 2/22/24 - - - -
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% 10.6% 8.64% 9.04% 9% 8.71% 8.58% 8.26%
ROA (Net income/ Total Assets) 0.8% 0.77% 0.66% 0.67% 0.67% 0.57% 0.58% 0.58%
Assets 1 2,594,749 2,852,214 3,208,899 3,538,034 3,736,567 4,389,063 4,490,187 4,640,247
Book Value Per Share 2 16.90 13.50 14.30 15.50 16.40 17.50 19.70 21.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/8/19 3/10/20 2/21/21 2/22/22 2/23/23 2/22/24 - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
5
Last Close Price
6.72 CNY
Average target price
4.814 CNY
Spread / Average Target
-28.36%
Consensus
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  4. Financials Hua Xia Bank Co., Limited