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Chinese (SSE) Financials Sector Analysis

UpdatedFeb 25, 2024
DataAggregated Company Financials
Companies105
  • 7D4.4%
  • 3M2.3%
  • 1Y-4.4%
  • YTD8.3%

The Financials industry is up 4.4% in the last week, with China Merchants Bank up 4.9%. In the past year, the industry is down 4.4%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

Has the Chinese Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Feb 2024CN¥7.0tCN¥3.9tCN¥841.0b15.6x8.3x1.8x
Wed, 24 Jan 2024CN¥6.4tCN¥3.9tCN¥838.8b14.5x7.6x1.6x
Fri, 22 Dec 2023CN¥5.8tCN¥2.6tCN¥754.6b14.8x7.6x2.2x
Sun, 19 Nov 2023CN¥6.1tCN¥2.6tCN¥754.7b15.5x8.1x2.3x
Tue, 17 Oct 2023CN¥6.3tCN¥2.6tCN¥767.7b15.5x8.2x2.4x
Thu, 14 Sep 2023CN¥6.4tCN¥2.6tCN¥766.6b16.1x8.3x2.4x
Sat, 12 Aug 2023CN¥6.6tCN¥2.6tCN¥770.2b17.8x8.5x2.5x
Mon, 10 Jul 2023CN¥6.0tCN¥2.6tCN¥770.6b15.1x7.8x2.3x
Wed, 07 Jun 2023CN¥6.2tCN¥2.6tCN¥770.1b15.2x8x2.4x
Fri, 05 May 2023CN¥6.5tCN¥2.8tCN¥768.8b16.7x8.5x2.4x
Sun, 02 Apr 2023CN¥6.2tCN¥2.8tCN¥771.1b16.9x8x2.2x
Tue, 28 Feb 2023CN¥6.3tCN¥2.7tCN¥772.5b16.7x8.2x2.3x
Thu, 26 Jan 2023CN¥6.6tCN¥2.4tCN¥763.2b16.8x8.7x2.7x
Sat, 24 Dec 2022CN¥6.0tCN¥2.6tCN¥730.5b15.1x8.2x2.3x
Mon, 21 Nov 2022CN¥5.8tCN¥2.6tCN¥729.7b14.9x7.9x2.3x
Wed, 19 Oct 2022CN¥5.7tCN¥2.6tCN¥732.3b12.4x7.7x2.2x
Fri, 16 Sep 2022CN¥6.1tCN¥2.6tCN¥732.6b13.3x8.4x2.4x
Sun, 14 Aug 2022CN¥6.1tCN¥2.6tCN¥734.4b13.1x8.3x2.4x
Tue, 12 Jul 2022CN¥6.4tCN¥2.6tCN¥730.3b13x8.7x2.5x
Thu, 09 Jun 2022CN¥6.4tCN¥2.6tCN¥730.6b13x8.7x2.5x
Sat, 07 May 2022CN¥6.2tCN¥2.6tCN¥733.8b12.2x8.4x2.4x
Mon, 04 Apr 2022CN¥7.0tCN¥2.7tCN¥747.7b13x9.3x2.6x
Wed, 02 Mar 2022CN¥7.2tCN¥2.8tCN¥759.5b13.3x9.4x2.6x
Fri, 28 Jan 2022CN¥7.3tCN¥2.7tCN¥753.8b13.6x9.7x2.7x
Sun, 26 Dec 2021CN¥7.3tCN¥2.5tCN¥727.5b14.7x10.1x2.9x
Tue, 23 Nov 2021CN¥7.3tCN¥2.5tCN¥726.4b14.9x10x2.9x
Thu, 21 Oct 2021CN¥7.4tCN¥2.4tCN¥719.8b14.7x10.3x3x
Sat, 18 Sep 2021CN¥7.5tCN¥2.4tCN¥718.2b15.6x10.4x3.1x
Mon, 16 Aug 2021CN¥7.1tCN¥2.4tCN¥709.5b14.1x10.1x2.9x
Mon, 31 May 2021CN¥8.0tCN¥2.4tCN¥648.8b16.9x12.3x3.4x
Thu, 04 Mar 2021CN¥7.7tCN¥2.2tCN¥628.0b17.7x12.2x3.4x
Price to Earnings Ratio

12.2x


Total Market Cap: CN¥7.7tTotal Earnings: CN¥628.0bTotal Revenue: CN¥2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Financials Sector Price to Earnings3Y Average 9.1x202220232024
Current Industry PE
  • Investors are relatively neutral on the Chinese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 9.1x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Financials sector?

CN Market5.15%
Financials4.39%
Consumer Finance10.90%
Diversified Financial7.25%
Banks5.85%
Insurance3.76%
Capital Markets2.89%
Mortgage Finance0%
Mortgage REITs0%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings decline of 56.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 8.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
600036 China Merchants BankCN¥32.954.9%
+CN¥39.1b
-12.0%PB0.8x
601318 Ping An Insurance (Group) Company of ChinaCN¥44.073.0%
+CN¥23.4b
-8.6%PE10.2x
1 Ping An BankCN¥10.8512.2%
+CN¥22.9b
-21.7%PB0.5x
601166 Industrial BankCN¥16.865.0%
+CN¥16.8b
-0.2%PB0.5x
2142 Bank of NingboCN¥22.849.9%
+CN¥13.5b
-23.8%PB0.8x
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601601

CN¥27.03

China Pacific Insurance (Group)

7D

3.9%

1Y

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987

CN¥5.98

Guangzhou Yuexiu Capital Holdings Group

7D

-1.6%

1Y

-9.5%

601108

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Caitong SecuritiesLtd

7D

-1.5%

1Y

0.3%

600036

CN¥32.95

China Merchants Bank

7D

4.9%

1Y

-12.0%

601336

CN¥33.73

New China Life Insurance

7D

10.3%

1Y

8.8%

563

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Shaanxi International TrustLtd

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-1.0%

1Y

-9.3%

2142

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Bank of Ningbo

7D

9.9%

1Y

-23.8%

600919

CN¥7.85

Bank of Jiangsu

7D

7.8%

1Y

8.6%

601166

CN¥16.86

Industrial Bank

7D

5.0%

1Y

-0.2%

601128

CN¥7.15

Jiangsu Changshu Rural Commercial Bank

7D

-1.0%

1Y

-8.1%

600909

CN¥4.64

Huaan Securities

7D

-0.4%

1Y

-6.6%

601555

CN¥7.08

Soochow Securities

7D

-0.3%

1Y

0%

601990

CN¥7.89

Nanjing Securities

7D

-0.6%

1Y

-14.1%

958

CN¥3.96

SPIC Industry-Finance Holdings

7D

-1.5%

1Y

-11.8%

1

CN¥10.85

Ping An Bank

7D

12.2%

1Y

-21.7%

601318

CN¥44.07

Ping An Insurance (Group) Company of China

7D

3.0%

1Y

-8.6%