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Chinese (SSE) Banks Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies29
  • 7D-2.4%
  • 3M1.9%
  • 1Y-6.1%
  • YTD-1.6%

Over the last 7 days, the Banks industry has dropped 2.4%, driven by a pullback from China Merchants Bank of 3.6%. However, the industry is down 6.1% over the past year.

Industry Valuation and Performance

Has the Chinese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021CN¥3.7tCN¥1.2tCN¥518.9b7x
Wed, 27 Oct 2021CN¥4.0tCN¥1.1tCN¥508.4b7.7x
Fri, 24 Sep 2021CN¥3.7tCN¥1.1tCN¥495.8b7.9x
Sun, 22 Aug 2021CN¥3.8tCN¥1.1tCN¥496.9b7.4x
Fri, 09 Jul 2021CN¥4.1tCN¥1.1tCN¥487.9b7.6x
Thu, 01 Apr 2021CN¥4.1tCN¥1.1tCN¥461.6b8.4x
Sun, 03 Jan 2021CN¥3.6tCN¥1.0tCN¥450.2b8.7x
Wed, 07 Oct 2020CN¥3.1tCN¥999.5bCN¥437.0b7.9x
Tue, 30 Jun 2020CN¥3.0tCN¥1.0tCN¥444.3b7.1x
Fri, 03 Apr 2020CN¥3.0tCN¥1.0tCN¥477.9b6.1x
Mon, 06 Jan 2020CN¥3.5tCN¥1.0tCN¥466.4b7.7x
Thu, 10 Oct 2019CN¥3.3tCN¥999.4bCN¥461.7b7.5x
Wed, 03 Jul 2019CN¥3.3tCN¥960.9bCN¥444.4b7.4x
Sat, 06 Apr 2019CN¥3.2tCN¥937.1bCN¥431.3b8.3x
Tue, 08 Jan 2019CN¥2.5tCN¥895.9bCN¥412.3b6.5x
PE Ratio

7x

Total Market Cap: CN¥2.7tTotal Earnings: CN¥414.1bTotal Revenue: CN¥889.5b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 7.7x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Banks industry have grown 7.8% per year over the last three years, and revenues for these companies have grown 9.0% 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 Banks industry?

Regional Banks-1.57%
Diversified Banks-2.60%

Industry PE: Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 9.1x. However analysts expect its future annual earnings growth (16%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 5.8x.

Forecasted Growth: Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 16% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Diversified Banks industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
2142 Bank of Ningbo3.3%+CN¥7.6b5.4%PB2x
600015 Hua Xia Bank1.4%+CN¥1.2b-13.0%PB0.3x
601825 Shanghai Rural Commercial Bank0.3%+CN¥192.9mn/aPB0.7x
601665 QILU BANK0.6%+CN¥137.4mn/aPB0.8x
601528 Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd0.2%+CN¥30.2mn/aPB1.2x
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