China Construction Bank Corporation

WBAG:CNCB Stock Report

Market Cap: €203.3b

China Construction Bank Valuation

Is CNCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNCB (€0.8) is trading below our estimate of fair value (€2.87)

Significantly Below Fair Value: CNCB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNCB?

Key metric: As CNCB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNCB. This is calculated by dividing CNCB's market cap by their current earnings.
What is CNCB's PE Ratio?
PE Ratio4.6x
EarningsCN¥327.87b
Market CapCN¥1.55t

Price to Earnings Ratio vs Peers

How does CNCB's PE Ratio compare to its peers?

The above table shows the PE ratio for CNCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.4x
EBS Erste Group Bank
7.7x-2.0%€23.7b
BG BAWAG Group
9.4x6.5%€6.3b
RBI Raiffeisen Bank International
2.8x-7.9%€6.4b
OBS Oberbank
13.6xn/a€4.9b
CNCB China Construction Bank
4.6x4.1%€1.6t

Price-To-Earnings vs Peers: CNCB is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (8.4x).

Price to Earnings Ratio vs Industry

How does CNCB's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNCB 4.6xIndustry Avg. 7.6xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNCB is good value based on its Price-To-Earnings Ratio (4.6x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is CNCB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNCB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ratio7.8x

Price-To-Earnings vs Fair Ratio: CNCB is good value based on its Price-To-Earnings Ratio (4.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CNCB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.80
€0.87
+9.4%
15.4%€1.35€0.73n/a17
Dec ’25€0.72
€0.87
+20.6%
15.4%€1.33€0.72n/a18
Nov ’25€0.72
€0.85
+17.7%
15.7%€1.32€0.71n/a18
Oct ’25€0.68
€0.79
+17.4%
8.1%€0.95€0.70n/a18
Sep ’25€0.63
€0.79
+24.4%
8.1%€0.95€0.70n/a18
Aug ’25€0.64
€0.79
+23.8%
8.1%€0.97€0.70n/a18
Jul ’25€0.69
€0.78
+13.4%
9.2%€0.98€0.65n/a20
Jun ’25€0.66
€0.76
+15.4%
10.1%€0.97€0.61n/a20
May ’25€0.60
€0.75
+25.2%
12.2%€0.98€0.55n/a20
Apr ’25€0.56
€0.72
+28.0%
11.5%€0.92€0.55n/a20
Mar ’25€0.58
€0.72
+24.6%
10.8%€0.92€0.55n/a20
Feb ’25€0.55
€0.72
+32.3%
10.6%€0.92€0.55n/a21
Jan ’25€0.54
€0.72
+33.8%
10.6%€0.91€0.54n/a22
Dec ’24€0.53
€0.72
+35.9%
10.9%€0.91€0.53€0.7222
Nov ’24€0.54
€0.73
+35.7%
10.8%€0.92€0.53€0.7222
Oct ’24€0.53
€0.74
+38.2%
11.7%€0.92€0.54€0.6823
Sep ’24€0.49
€0.73
+48.4%
12.8%€0.95€0.52€0.6324
Aug ’24€0.53
€0.75
+41.8%
11.7%€0.94€0.53€0.6424
Jul ’24€0.60
€0.76
+26.5%
9.7%€0.94€0.65€0.6923
Jun ’24€0.60
€0.78
+30.9%
9.8%€0.96€0.67€0.6624
May ’24€0.61
€0.78
+27.2%
9.1%€0.92€0.67€0.6025
Apr ’24€0.60
€0.78
+29.5%
9.7%€0.93€0.67€0.5625
Mar ’24€0.59
€0.78
+32.1%
10.2%€0.92€0.64€0.5824
Feb ’24€0.59
€0.78
+30.6%
10.2%€0.91€0.63€0.5524
Jan ’24€0.59
€0.78
+33.4%
11.5%€0.97€0.63€0.5424
Dec ’23€0.58
€0.78
+35.0%
13.8%€0.98€0.53€0.5324

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 20:03
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Construction Bank Corporation is covered by 74 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yu Hang AuABCI Securities Company Limited
Meizhi YanBarclays
Dorris ChenBNP Paribas Securities (Asia)