Jiangsu Changshu Rural Commercial Bank
Market Cap
CN¥19.7b
Last Updated
2021/01/18 09:22 UTC
Data Sources
Company Financials +
Executive Summary
Jiangsu Changshu Rural Commercial Bank Co., Ltd. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Jiangsu Changshu Rural Commercial Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 601128 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 601128's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.6%
601128
6.1%
CN Banks
-1.2%
CN Market
1 Year Return
-17.5%
601128
10.4%
CN Banks
25.4%
CN Market
Return vs Industry: 601128 underperformed the CN Banks industry which returned 10.4% over the past year.
Return vs Market: 601128 underperformed the CN Market which returned 25.4% over the past year.
Shareholder returns
| 601128 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 6.1% | -1.2% |
| 30 Day | 4.2% | 9.5% | 4.7% |
| 90 Day | -13.9% | 13.2% | 6.7% |
| 1 Year | -15.4%-17.5% | 15.0%10.4% | 27.5%25.4% |
| 3 Year | -3.0%-10.2% | 24.0%11.8% | 23.2%17.0% |
| 5 Year | n/a | 92.1%62.6% | 38.9%29.5% |
Long-Term Price Volatility Vs. Market
How volatile is Jiangsu Changshu Rural Commercial Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Jiangsu Changshu Rural Commercial Bank undervalued compared to its fair value and its price relative to the market?
11.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 601128 (CN¥7.38) is trading above our estimate of fair value (CN¥7.36)
Significantly Below Fair Value: 601128 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 601128 is poor value based on its PE Ratio (11.2x) compared to the CN Banks industry average (8.5x).
PE vs Market: 601128 is good value based on its PE Ratio (11.2x) compared to the CN market (35x).
Price to Earnings Growth Ratio
PEG Ratio: 601128 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 601128 is overvalued based on its PB Ratio (1.2x) compared to the CN Banks industry average (0.9x).
Next Steps
Future Growth
How is Jiangsu Changshu Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
14.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 601128's forecast earnings growth (14.1% per year) is above the savings rate (3.3%).
Earnings vs Market: 601128's earnings (14.1% per year) are forecast to grow slower than the CN market (24.2% per year).
High Growth Earnings: 601128's earnings are forecast to grow, but not significantly.
Revenue vs Market: 601128's revenue (15.3% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 601128's revenue (15.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 601128's Return on Equity is forecast to be low in 3 years time (11.4%).
Next Steps
Past Performance
How has Jiangsu Changshu Rural Commercial Bank performed over the past 5 years?
15.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 601128 has high quality earnings.
Growing Profit Margin: 601128's current net profit margins (36.1%) are lower than last year (37.5%).
Past Earnings Growth Analysis
Earnings Trend: 601128's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: 601128's earnings growth over the past year (4.2%) is below its 5-year average (15.5% per year).
Earnings vs Industry: 601128 earnings growth over the past year (4.2%) exceeded the Banks industry 3.6%.
Return on Equity
High ROE: 601128's Return on Equity (10.4%) is considered low.
Next Steps
Financial Health
How is Jiangsu Changshu Rural Commercial Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 601128's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: 601128 has a sufficient allowance for bad loans (461%).
Low Risk Liabilities: 87% of 601128's liabilities are made up of primarily low risk sources of funding.
Loan Level: 601128 has an appropriate level of Loans to Assets ratio (62%).
Low Risk Deposits: 601128's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: 601128 has an appropriate level of bad loans (0.9%).
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Dividend
What is Jiangsu Changshu Rural Commercial Bank current dividend yield, its reliability and sustainability?
2.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 601128's dividend (2.71%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 601128's dividend (2.71%) is in the top 25% of dividend payers in the CN market (1.82%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 601128 has been paying a dividend for less than 10 years.
Growing Dividend: 601128's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.3%), 601128's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 601128's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Guang Qiang Zhuang (50 yo)
4.17yrs
Tenure
CN¥1,664,100
Compensation
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 4.17yrs | CN¥1.66m | no data | |
| VP & CFO | 1yr | CN¥436.90k | no data | |
| VP & Chief Information Officer | 3.75yrs | CN¥400.00k | no data | |
| Assistant President | 1.08yrs | CN¥1.14m | no data | |
| Secretary & Director | 20yrs | CN¥1.29m | no data | |
| Vice President | 3.25yrs | CN¥1.40m | no data | |
| Assistant President | 4.25yrs | CN¥1.15m | no data | |
| Vice President | 3.25yrs | CN¥1.43m | no data |
3.5yrs
Average Tenure
49yo
Average Age
Experienced Management: 601128's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 4.17yrs | CN¥1.66m | no data | |
| Secretary & Director | 20yrs | CN¥1.29m | no data | |
| Chairman of the Board | 7.75yrs | CN¥1.65m | no data | |
| Director | 6.83yrs | CN¥32.00k | no data | |
| Director | 3.75yrs | no data | no data | |
| Director | 3.75yrs | CN¥29.00k | no data | |
| Director | 3.75yrs | CN¥29.00k | no data | |
| Independent Director | 3.75yrs | CN¥79.00k | no data | |
| Independent Director | 3.75yrs | CN¥83.00k | 0.00022% CN¥ 43.4k | |
| Independent Director | 3.75yrs | CN¥83.00k | no data | |
| Chief Supervisor | 6.83yrs | no data | no data | |
| Non-Executive Director | 2yrs | CN¥28.00k | no data |
3.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: 601128's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Jiangsu Changshu Rural Commercial Bank Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Jiangsu Changshu Rural Commercial Bank Co., Ltd.
- Ticker: 601128
- Exchange: SHSE
- Founded: 2001
- Industry: Regional Banks
- Sector: Banks
- Market Cap: CN¥19.734b
- Shares outstanding: 2.74b
- Website: https://www.csrcbank.com
Number of Employees
Location
- Jiangsu Changshu Rural Commercial Bank Co., Ltd.
- No. 58 Xinshiji Dadao
- Changshu
- Jiangsu Province
- 215500
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 601128 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Sep 2016 |
| 601128 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Sep 2016 |
Biography
Jiangsu Changshu Rural Commercial Bank Co., Ltd. provides rural financial services in China. The company offers personal savings, debit and credit cards, payment services, financial management services, pr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 09:22 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.