Bank of Nanjing Co., Ltd.

SHSE:601009 Stock Report

Market Cap: CN¥112.7b

Bank of Nanjing Valuation

Is 601009 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 601009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601009 (CN¥10.47) is trading below our estimate of fair value (CN¥29.05)

Significantly Below Fair Value: 601009 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601009?

Key metric: As 601009 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601009. This is calculated by dividing 601009's market cap by their current earnings.
What is 601009's PE Ratio?
PE Ratio6x
EarningsCN¥18.77b
Market CapCN¥112.68b

Price to Earnings Ratio vs Peers

How does 601009's PE Ratio compare to its peers?

The above table shows the PE ratio for 601009 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.5x
002142 Bank of Ningbo
5.9x9.1%CN¥155.2b
600926 Bank of Hangzhou
5.4x15.5%CN¥85.2b
600919 Bank of Jiangsu
5.8x11.4%CN¥171.8b
601838 Bank of Chengdu
5x11.4%CN¥61.3b
601009 Bank of Nanjing
6x10.1%CN¥112.7b

Price-To-Earnings vs Peers: 601009 is expensive based on its Price-To-Earnings Ratio (6x) compared to the peer average (5.5x).

Price to Earnings Ratio vs Industry

How does 601009's PE Ratio compare vs other companies in the CN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
601009 6.0xIndustry Avg. 5.9xNo. of Companies17PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601009 is expensive based on its Price-To-Earnings Ratio (6x) compared to the CN Banks industry average (5.9x).

Price to Earnings Ratio vs Fair Ratio

What is 601009'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.

601009 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio6.1x

Price-To-Earnings vs Fair Ratio: 601009 is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (6.1x).

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 601009 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥10.47
CN¥11.42
+9.1%
8.6%CN¥12.96CN¥9.50n/a10
Dec ’25CN¥10.57
CN¥11.57
+9.5%
9.1%CN¥13.09CN¥9.50n/a11
Nov ’25CN¥9.97
CN¥11.62
+16.6%
9.1%CN¥13.09CN¥9.50n/a11
Oct ’25CN¥10.95
CN¥11.40
+4.1%
8.2%CN¥12.51CN¥9.50n/a11
Sep ’25CN¥9.92
CN¥11.32
+14.1%
8.0%CN¥12.51CN¥9.50n/a11
Aug ’25CN¥10.14
CN¥11.25
+11.0%
7.5%CN¥12.30CN¥9.50n/a11
Jul ’25CN¥10.27
CN¥10.88
+6.0%
7.1%CN¥11.80CN¥9.50n/a11
Jun ’25CN¥10.37
CN¥10.36
-0.07%
11.0%CN¥11.77CN¥8.35n/a12
May ’25CN¥9.32
CN¥9.62
+3.2%
15.9%CN¥12.18CN¥7.00n/a12
Apr ’25CN¥9.09
CN¥9.17
+0.8%
15.3%CN¥12.18CN¥7.00n/a13
Mar ’25CN¥8.71
CN¥9.10
+4.5%
15.9%CN¥12.18CN¥7.00n/a13
Feb ’25CN¥8.26
CN¥9.10
+10.2%
15.9%CN¥12.18CN¥7.00n/a13
Jan ’25CN¥7.38
CN¥9.53
+29.1%
17.2%CN¥12.18CN¥7.00n/a13
Dec ’24CN¥7.28
CN¥9.77
+34.3%
13.8%CN¥12.18CN¥7.49CN¥10.5713
Nov ’24CN¥7.78
CN¥9.78
+25.7%
13.7%CN¥12.18CN¥7.56CN¥9.9713
Oct ’24CN¥8.05
CN¥10.79
+34.1%
16.1%CN¥12.91CN¥8.40CN¥10.9512
Sep ’24CN¥7.95
CN¥11.52
+44.9%
20.0%CN¥17.50CN¥8.46CN¥9.9213
Aug ’24CN¥8.57
CN¥11.73
+36.9%
19.8%CN¥17.50CN¥8.60CN¥10.1413
Jul ’24CN¥8.00
CN¥11.90
+48.7%
18.7%CN¥17.50CN¥8.60CN¥10.2713
Jun ’24CN¥8.46
CN¥13.22
+56.3%
14.4%CN¥17.50CN¥9.98CN¥10.3714
May ’24CN¥9.42
CN¥13.69
+45.3%
13.7%CN¥17.50CN¥9.98CN¥9.3213
Apr ’24CN¥8.96
CN¥14.16
+58.1%
13.2%CN¥17.50CN¥9.98CN¥9.0912
Mar ’24CN¥9.94
CN¥14.15
+42.4%
12.7%CN¥17.50CN¥9.97CN¥8.7113
Feb ’24CN¥10.40
CN¥14.15
+36.1%
12.7%CN¥17.50CN¥9.97CN¥8.2613
Jan ’24CN¥10.42
CN¥13.95
+33.8%
13.5%CN¥17.50CN¥9.97CN¥7.3813
Dec ’23CN¥10.18
CN¥13.93
+36.8%
13.8%CN¥17.50CN¥9.72CN¥7.2813

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 Analysis2024/12/22 04:21
End of Day Share Price 2024/12/20 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

Bank of Nanjing Co., Ltd. is covered by 40 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wenzhou HuBOCI Research Ltd.
Wenqing HanBofA Global Research
Zhihua ChenChangjiang Securities Co. LTD.