Chinese (SSE) Banks Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies31
- 7D4.4%
- 3M12.4%
- 1Y-1.1%
- YTD16.3%
Over the last 7 days, the Banks industry has risen 4.4%, driven by gains from China Merchants Bank of 1.9%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 7.5% annually.
Industry Valuation and Performance
Has the Chinese Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | CN¥3.2t | CN¥1.5t | CN¥594.7b | 5.4x | 5.3x | 2.2x |
| Fri, 22 Mar 2024 | CN¥3.0t | CN¥1.5t | CN¥611.4b | 5.2x | 5x | 2x |
| Sun, 18 Feb 2024 | CN¥3.0t | CN¥1.4t | CN¥603.7b | 5.2x | 4.9x | 2.1x |
| Tue, 16 Jan 2024 | CN¥2.8t | CN¥1.4t | CN¥595.1b | 5x | 4.6x | 2x |
| Thu, 14 Dec 2023 | CN¥2.7t | CN¥1.4t | CN¥595.1b | 4.9x | 4.5x | 2x |
| Sat, 11 Nov 2023 | CN¥2.9t | CN¥1.3t | CN¥594.9b | 4.8x | 4.8x | 2.1x |
| Mon, 09 Oct 2023 | CN¥3.1t | CN¥1.4t | CN¥599.9b | 5.4x | 5.1x | 2.2x |
| Wed, 06 Sep 2023 | CN¥3.1t | CN¥1.4t | CN¥604.3b | 5.3x | 5.1x | 2.2x |
| Fri, 04 Aug 2023 | CN¥3.1t | CN¥1.3t | CN¥588.7b | 5.4x | 5.3x | 2.4x |
| Sun, 02 Jul 2023 | CN¥2.9t | CN¥1.3t | CN¥585.4b | 5.1x | 5x | 2.2x |
| Tue, 30 May 2023 | CN¥3.0t | CN¥1.3t | CN¥586.4b | 5.3x | 5.2x | 2.3x |
| Thu, 27 Apr 2023 | CN¥3.1t | CN¥1.4t | CN¥591.1b | 5.5x | 5.2x | 2.1x |
| Sat, 25 Mar 2023 | CN¥3.0t | CN¥1.6t | CN¥616.9b | 5.5x | 4.9x | 1.9x |
| Mon, 20 Feb 2023 | CN¥3.1t | CN¥1.2t | CN¥611.0b | 5.5x | 5.1x | 2.6x |
| Wed, 18 Jan 2023 | CN¥3.3t | CN¥1.2t | CN¥594.7b | 5.9x | 5.6x | 2.8x |
| Fri, 16 Dec 2022 | CN¥3.2t | CN¥1.3t | CN¥567.9b | 6x | 5.6x | 2.4x |
| Sun, 13 Nov 2022 | CN¥2.9t | CN¥1.3t | CN¥567.9b | 5.7x | 5.1x | 2.2x |
| Tue, 11 Oct 2022 | CN¥3.0t | CN¥1.3t | CN¥553.2b | 6.2x | 5.3x | 2.4x |
| Thu, 08 Sep 2022 | CN¥3.1t | CN¥1.3t | CN¥556.0b | 6.4x | 5.5x | 2.4x |
| Sat, 06 Aug 2022 | CN¥3.1t | CN¥1.2t | CN¥543.7b | 6.5x | 5.6x | 2.5x |
| Mon, 04 Jul 2022 | CN¥3.5t | CN¥1.2t | CN¥541.5b | 6.7x | 6.4x | 2.8x |
| Wed, 01 Jun 2022 | CN¥3.4t | CN¥1.2t | CN¥541.5b | 6.7x | 6.3x | 2.7x |
| Fri, 29 Apr 2022 | CN¥3.5t | CN¥1.3t | CN¥536.5b | 6.9x | 6.5x | 2.6x |
| Sun, 27 Mar 2022 | CN¥3.6t | CN¥1.5t | CN¥535.8b | 6.8x | 6.7x | 2.4x |
| Tue, 22 Feb 2022 | CN¥4.0t | CN¥1.4t | CN¥541.1b | 7.3x | 7.3x | 2.9x |
| Thu, 20 Jan 2022 | CN¥3.9t | CN¥1.2t | CN¥520.5b | 7.6x | 7.4x | 3.3x |
| Sat, 18 Dec 2021 | CN¥3.8t | CN¥1.2t | CN¥518.9b | 6.9x | 7.2x | 3.3x |
| Mon, 15 Nov 2021 | CN¥3.8t | CN¥1.2t | CN¥518.9b | 7.1x | 7.3x | 3.3x |
| Wed, 13 Oct 2021 | CN¥3.6t | CN¥1.1t | CN¥495.8b | 7.9x | 7.3x | 3.2x |
| Fri, 10 Sep 2021 | CN¥4.0t | CN¥1.1t | CN¥495.8b | 8.1x | 8.1x | 3.6x |
| Sun, 08 Aug 2021 | CN¥3.5t | CN¥1.1t | CN¥487.9b | 7.2x | 7.2x | 3.2x |
| Sat, 01 May 2021 | CN¥4.0t | CN¥1.1t | CN¥461.6b | 7.9x | 8.8x | 3.7x |
Price to Earnings Ratio
8.8x
Current Industry PE
- Investors are pessimistic on the Chinese Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.3x which is lower than its 3-year average PE of 6.1x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 industry?
| CN Market | -0.40% | |
| Financials | 3.66% | |
| Banks | 4.38% | |
| Diversified Banks | 4.43% | |
| Regional Banks | 4.25% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 6.7x.
- Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings growth of 11.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 5.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600036 China Merchants Bank | CN¥33.38 | 1.9% +CN¥15.9b | -1.9% | PB0.8x | |
| 600926 Bank of Hangzhou | CN¥12.49 | 8.3% +CN¥5.7b | 2.6% | PB0.7x | |
| 1 Ping An Bank | CN¥10.54 | 2.5% +CN¥5.0b | -14.2% | PB0.4x | |
| 2142 Bank of Ningbo | CN¥21.93 | 3.5% +CN¥5.0b | -17.6% | PB0.8x | |
| 600919 Bank of Jiangsu | CN¥8.23 | 3.3% +CN¥4.8b | 8.9% | PB0.7x |