Agricultural Bank of China Ltd Class H ACGBF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
-
Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks
-
China's Big Banks Cut Deposit Rates as Growth Plateaus
-
One bank exits the world's systemically important as JPMorgan Chase again required to have top capital
-
Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
-
Chinese Bank Stocks Gain After State Fund Raises Stakes
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Major Chinese Banks Cut Yuan Deposit Rates to Protect Profits
Trading Information
- Previous Close Price
- $0.44
- Day Range
- $0.41–0.41
- 52-Week Range
- $0.31–0.45
- Bid/Ask
- $0.40 / $0.50
- Market Cap
- $143.63 Bil
- Volume/Avg
- 600 / 237,692
Key Statistics
- Price/Earnings (Normalized)
- 4.56
- Price/Sales
- 1.64
- Dividend Yield (Trailing)
- 7.52%
- Dividend Yield (Forward)
- 0.96%
- Total Yield
- 7.52%
Company Profile
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Stock Style Box
- Large Value
- Total Number of Employees
- 451,003
- Website
- https://www.abchina.com
Competitors
Valuation
Metric
|
ACGBF
|
600036
|
601939
|
---|---|---|---|
Price/Earnings (Normalized) | 4.56 | 6.12 | 5.55 |
Price/Book Value | 0.44 | 0.94 | 0.61 |
Price/Sales | 1.64 | 2.67 | 2.39 |
Price/Cash Flow | 7.37 | 8.63 | 8.03 |
Price/Earnings
ACGBF
600036
601939
Financial Strength
Metric
|
ACGBF
|
600036
|
601939
|
---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
Metric
|
ACGBF
|
600036
|
601939
|
---|---|---|---|
Return on Assets (Normalized) | 0.72% | 1.38% | 0.89% |
Return on Equity (Normalized) | 11.67% | 16.75% | 11.75% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
ACGBF
600036
601939
Banks - Diversified Industry Comparables
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