Financials Shanghai Pudong Development Bank Co., Ltd.

Equities

600000

CNE0000011B7

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.42 CNY +0.13% Intraday chart for Shanghai Pudong Development Bank Co., Ltd. +1.09% +12.08%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 287,650 363,085 284,129 250,374 213,684 217,793 217,793 -
Enterprise Value (EV) 1 287,650 363,085 284,129 250,374 213,684 194,311 217,793 217,793
P/E ratio 5.3 x 6.44 x 4.87 x 5.69 x 5.06 x 6.69 x 5.56 x 5 x
Yield 3.57% 4.85% 4.96% 4.81% 4.4% 3.09% 3.91% 3.71%
Capitalization / Revenue 1.68 x 1.9 x 1.45 x 1.31 x 1.13 x 1.12 x 1.31 x 1.27 x
EV / Revenue 1.68 x 1.9 x 1.45 x 1.31 x 1.13 x 1.12 x 1.31 x 1.27 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.65 x 0.73 x 0.54 x 0.45 x 0.36 x 0.32 x 0.33 x 0.31 x
Nbr of stocks (in thousands) 29,352,080 29,352,080 29,352,134 29,352,166 29,352,174 29,352,177 29,352,177 -
Reference price 2 9.800 12.37 9.680 8.530 7.280 7.420 7.420 7.420
Announcement Date 1/3/19 1/21/20 1/27/21 3/18/22 3/22/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 171,542 190,688 196,371 190,982 188,622 173,434 166,030 171,509
EBITDA - - - - - - - -
EBIT 1 65,343 69,864 66,736 137,549 131,574 121,711 117,206 118,524
Operating Margin 38.09% 36.64% 33.98% 72.02% 69.76% 69.88% 70.59% 69.11%
Earnings before Tax (EBT) 1 65,284 69,817 66,682 59,071 56,149 40,692 46,825 41,145
Net income 1 55,914 58,911 58,325 53,003 51,171 36,702 37,514 40,659
Net margin 32.59% 30.89% 29.7% 27.75% 27.13% 21.16% 22.59% 23.71%
EPS 2 1.850 1.920 1.987 1.500 1.440 0.9900 1.334 1.483
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3500 0.6000 0.4800 0.4100 0.3200 0.2296 0.2900 0.2751
Announcement Date 1/3/19 1/21/20 1/27/21 3/18/22 3/22/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 97,599 47,843 - - - 43,151 41,585 40,619 45,285
EBITDA - - - - - - - - -
EBIT 1 38,270 12,463 - - - - 28,824 26,639 32,066
Operating Margin 39.21% 26.05% - - - - 69.31% 61.49% 70.81%
Earnings before Tax (EBT) 1 38,218 - - - - 7,060 5,236 8,889 19,513
Net income 1 32,106 - - - - 7,307 4,848 8,716 15,406
Net margin 32.9% - - - - 16.93% 11.66% 21.46% 34.02%
EPS - 0.3500 0.3200 0.2700 0.5800 - - - -
Dividend per Share - - - - - - - - -
Announcement Date 8/23/19 8/27/21 10/29/21 3/18/22 4/27/22 8/9/23 10/27/23 3/20/24 -
1CNY in Million
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) 13.1% 12.3% 10.8% 8.75% 7.98% 5.21% 5.64% 4.85%
ROA (Net income/ Total Assets) 0.9% 0.89% - 0.66% 0.61% 0.41% 0.45% 0.41%
Assets 1 6,212,667 6,649,097 - 8,043,432 8,420,438 8,856,660 8,336,486 10,039,245
Book Value Per Share 2 15.10 16.80 18.00 19.10 20.00 21.00 22.20 23.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/3/19 1/21/20 1/27/21 3/18/22 3/22/23 3/20/24 - -
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
HOLD
Number of Analysts
8
Last Close Price
7.42 CNY
Average target price
6.569 CNY
Spread / Average Target
-11.47%
Consensus
  1. Stock Market
  2. Equities
  3. 600000 Stock
  4. Financials Shanghai Pudong Development Bank Co., Ltd.