Financials Bank of Ningbo Co., Ltd.

Equities

002142

CNE1000005P7

Banks

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
24.4 CNY +3.70% Intraday chart for Bank of Ningbo Co., Ltd. +6.41% +21.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 158,437 212,323 252,785 214,287 132,798 161,128 - -
Enterprise Value (EV) 1 158,437 212,323 252,785 214,287 132,798 161,128 161,128 161,128
P/E ratio 11.7 x 14.5 x 12.3 x 9.6 x 5.36 x 5.92 x 5.28 x 4.84 x
Yield 1.78% 1.41% 1.31% 1.54% 2.98% 2.63% 2.91% 3.14%
Capitalization / Revenue 4.52 x 5.16 x 4.79 x 3.7 x 2.16 x 2.47 x 2.24 x 2.06 x
EV / Revenue 4.52 x 5.16 x 4.79 x 3.7 x 2.16 x 2.47 x 2.24 x 2.06 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.85 x 2.05 x 1.88 x 1.4 x 0.66 x 0.81 x 0.71 x 0.63 x
Nbr of stocks (in thousands) 5,628,330 6,008,016 6,603,591 6,603,591 6,603,591 6,603,591 - -
Reference price 2 28.15 35.34 38.28 32.45 20.11 24.40 24.40 24.40
Announcement Date 2/28/20 2/26/21 1/17/22 2/10/23 2/7/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 35,081 41,111 52,721 57,879 61,584 65,354 72,052 78,038
EBITDA - - - - - - - -
EBIT 1 15,290 16,500 32,832 35,823 36,968 39,592 44,558 48,412
Operating Margin 43.58% 40.14% 62.27% 61.89% 60.03% 60.58% 61.84% 62.04%
Earnings before Tax (EBT) 1 15,218 16,455 20,522 25,280 27,897 30,203 33,231 36,777
Net income 1 13,714 15,050 19,515 23,075 25,535 27,625 30,764 33,676
Net margin 39.09% 36.61% 37.02% 39.87% 41.46% 42.27% 42.7% 43.15%
EPS 2 2.410 2.430 3.120 3.380 3.750 4.120 4.617 5.044
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.6000 0.6414 0.7110 0.7669
Announcement Date 2/28/20 2/26/21 1/17/22 2/10/23 2/7/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4
Net sales 1 13,843 16,553 15,591 15,091 14,350 16,767 17,418 14,945
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS 2 0.7400 1.000 0.9600 0.9700 0.8200 1.060 1.110 0.9600
Dividend per Share - - - - - - - -
Announcement Date 1/17/22 4/27/23 8/24/23 10/31/23 2/7/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 17.1% 14.9% 16.6% 15.6% 15.1% 14.2% 14% 13.7%
ROA (Net income/ Total Assets) 1.13% 1.02% 1.07% 1.06% - 0.95% 0.94% 0.9%
Assets 1 1,217,075 1,472,603 1,820,939 2,184,512 - 2,894,996 3,289,672 3,753,208
Book Value Per Share 2 15.20 17.30 20.40 23.10 30.50 30.30 34.50 38.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/28/20 2/26/21 1/17/22 2/10/23 2/7/24 - - -
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
BUY
Number of Analysts
25
Last Close Price
24.4 CNY
Average target price
28.71 CNY
Spread / Average Target
+17.66%
Consensus
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