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Industrial And Commercial Bank Of China Ltd Class H 01398

Morningstar Rating
HKD 4.52 −0.06 (1.31%)
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Company Report

Price vs Fair Value

01398 is trading at a 749% premium.
Price
HKD 4.52
Fair Value
HKD 5.00
Uncertainty
Medium
1-Star Price
HKD 3.26
5-Star Price
HKD 5.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

ICBC's interbank liabilities accounted for less than 10% of total funding, which is one of the lowest among peers.

Bears

Along with other banks, ICBC faces mounting downward pressure in net interest margin due to credit easing policies to boost the sluggish economy.

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News

Trading Information

Previous Close Price
HKD 4.58
Day Range
HKD 4.504.59
52-Week Range
HKD 3.354.80
Bid/Ask
HKD 4.51 / HKD 4.52
Market Cap
HKD 1.61 Tril
Volume/Avg
573.1 Mil / 336.4 Mil

Key Statistics

Price/Earnings (Normalized)
4.19
Price/Sales
1.85
Dividend Yield (Trailing)
7.28%
Dividend Yield (Forward)
7.29%
Total Yield
7.28%

Company Profile

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 413 outlets are located in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively; and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
419,252

Competitors

Valuation

Metric
01398
600036
600016
Price/Earnings (Normalized)
4.195.984.78
Price/Book Value
0.420.880.30
Price/Sales
1.852.651.34
Price/Cash Flow
7.222.38
Price/Earnings
01398
600036
600016

Financial Strength

Metric
01398
600036
600016
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
01398
600036
600016
Return on Assets (Normalized)
1.10%1.33%0.46%
Return on Equity (Normalized)
14.64%16.13%6.61%
Return on Invested Capital (Normalized)
Return on Assets
01398
600036
600016
See how this stock stacks up to its competitors with Morningstar Investor

Banks - Diversified Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
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Economic Moat
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LllfxpmQvfl$161.3 Bil
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C
HnjtpzfLzkv$114.4 Bil
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BnlnyplLdrk$114.1 Bil
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YqjyQhhbrrc$71.9 Bil

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