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Ping An Bank Co Ltd Class A 000001 Stock Quote

| Rating as of

XSHE: 000001

Market Open

| Currency in CNY

  • Last Close 11.05
  • Sector Financial Services
  • Industry Banks - Regional
  • Investment Style Large Value
  • Day Range 11.03  –  11.15
  • Year Range 10.39  –  15.74
  • Market Cap 216.1819 Bil
  • Volume / Avg 35.3 Mil /  82.0 Mil
  • Price / Sales 1.29
  • Price / Book 0.56
  • Forward Div Yield 2.52%
  • Trailing Div Yield 1.37%

Morningstar‘s Stock Analysis 000001

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Ping An Bank: Solid Credit Quality Despite Increasing Top-Line Growth Challenges

Iris Tan Senior Equity Analyst

Analyst Note

| Iris Tan |

We lower our fair value estimate on Ping An Bank, or PAB, to CNY 17.00 from CNY 19.00 after indications of further retail loan pricing pressure on its earnings. First-half 2023 net profit growth accelerated to 14.9% year on year from 13.6% in the first quarter on lower provision expense and operating cost savings, largely in line with our expectation. However, the lower expenses are mitigating a further 25-basis-point contraction in net interest margin, or NIM, that is worse than its peers. This indicates that PAB is more sensitive to intensifying competition in retail loan pricing especially as the consumption recovery has stalled. While we think PAB is inexpensive at the current share price level, trading at a 0.5 times 2023 price/book ratio, investors may need to have a longer holding period given our view for a weaker-than-peer second-half revenue growth outlook.

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Key Statistics 000001

Company Profile 000001

Business Description

Ping An Bank is a leading nationwide joint-stock commercial bank with headquarters in Shenzhen. Its parent, Ping An Group, the second-largest insurance company in China, owns about a 58% stake in Ping An Bank. The bank was formerly known as Shenzhen Development Bank and was merged with Ping An Bank in mid-2012. The bank offers a full range of commercial banking services, operating 91 branches and 1,058 outlets in China.

5047 East Shennan Road, Board Office of Ping On Bank, Guangdong
Shenzhen, 518001, CHN
Industry Banks - Regional
Employees 44,077

Competitors & Peers 000001

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 000001’s competitive advantage.

Ping An Bank Co Ltd Class A

XSHE: 000001

China Merchants Bank Co Ltd Class A

XSHG: 600036

China Citic Bank Corp Ltd Class A

XSHG: 601998
+$0.09 (0.81%) +$0.61 (1.88%) +$0.01 (0.17%)
Market Cap
216.18 Bil831.75 Bil281.56 Bil
Banks - Regional Banks - Regional Banks - Regional
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Ping An Bank Co Ltd Class A Stock

Yes. 000001 has a forward dividend yield of 2.58%. See 000001’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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000001’s market cap is 216.18 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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000001’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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000001’s price/sales is 1.29.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

000001’s price/forward earnings is 4.66.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

000001’s price/book is 0.56.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 000001’s valuation ratios compared to the Market Index.

000001’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 000001’s historical performance against its industry peers and the overall market.