Ping An Bank Co., Ltd.

SZSE:000001 Stock Report

Market Cap: CN¥226.1b

Ping An Bank Valuation

Is 000001 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 000001 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000001 (CN¥11.65) is trading below our estimate of fair value (CN¥19.32)

Significantly Below Fair Value: 000001 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000001?

Key metric: As 000001 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000001. This is calculated by dividing 000001's market cap by their current earnings.
What is 000001's PE Ratio?
PE Ratio5.2x
EarningsCN¥43.70b
Market CapCN¥226.08b

Price to Earnings Ratio vs Peers

How does 000001's PE Ratio compare to its peers?

The above table shows the PE ratio for 000001 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
601818 China Everbright Bank
7x10.1%CN¥208.4b
600016 China Minsheng Banking
6.3x7.7%CN¥169.2b
600000 Shanghai Pudong Development Bank
7.3x10.0%CN¥280.0b
601166 Industrial Bank
5.4x6.5%CN¥386.4b
000001 Ping An Bank
5.2x5.7%CN¥226.1b

Price-To-Earnings vs Peers: 000001 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does 000001'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
000001 5.2xIndustry Avg. 5.9xNo. of Companies15PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000001 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the CN Banks industry average (5.9x).

Price to Earnings Ratio vs Fair Ratio

What is 000001'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.

000001 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ratio6x

Price-To-Earnings vs Fair Ratio: 000001 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (6x).

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 000001 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥11.65
CN¥13.32
+14.3%
14.6%CN¥17.70CN¥10.50n/a20
Dec ’25CN¥11.38
CN¥13.32
+17.0%
14.6%CN¥17.70CN¥10.50n/a20
Nov ’25CN¥11.43
CN¥13.23
+15.8%
15.3%CN¥17.70CN¥10.30n/a20
Oct ’25CN¥12.21
CN¥12.25
+0.3%
12.7%CN¥17.19CN¥10.30n/a20
Sep ’25CN¥10.16
CN¥12.24
+20.5%
12.6%CN¥17.19CN¥10.30n/a19
Aug ’25CN¥10.27
CN¥12.38
+20.5%
12.5%CN¥17.19CN¥10.30n/a19
Jul ’25CN¥10.35
CN¥12.38
+19.7%
12.3%CN¥17.19CN¥10.30n/a20
Jun ’25CN¥11.11
CN¥12.19
+9.7%
12.9%CN¥17.19CN¥10.17n/a20
May ’25CN¥10.79
CN¥12.21
+13.2%
13.0%CN¥17.19CN¥10.00n/a21
Apr ’25CN¥10.64
CN¥12.18
+14.5%
13.6%CN¥17.19CN¥9.10n/a22
Mar ’25CN¥10.49
CN¥12.84
+22.4%
17.4%CN¥17.19CN¥8.30n/a22
Feb ’25CN¥9.41
CN¥12.84
+36.5%
17.4%CN¥17.19CN¥8.30n/a22
Jan ’25CN¥9.39
CN¥13.24
+41.0%
15.0%CN¥17.19CN¥9.10n/a22
Dec ’24CN¥9.66
CN¥13.67
+41.6%
11.9%CN¥17.19CN¥10.40CN¥11.3822
Nov ’24CN¥10.48
CN¥14.14
+35.0%
13.8%CN¥18.07CN¥10.40CN¥11.4323
Oct ’24CN¥11.20
CN¥14.97
+33.6%
10.8%CN¥18.07CN¥12.00CN¥12.2123
Sep ’24CN¥11.32
CN¥15.29
+35.1%
11.2%CN¥18.10CN¥12.00CN¥10.1623
Aug ’24CN¥12.16
CN¥15.99
+31.5%
12.6%CN¥19.99CN¥12.00CN¥10.2725
Jul ’24CN¥11.23
CN¥16.32
+45.3%
12.0%CN¥19.99CN¥12.00CN¥10.3523
Jun ’24CN¥11.59
CN¥16.90
+45.8%
8.8%CN¥19.99CN¥14.50CN¥11.1122
May ’24CN¥12.55
CN¥16.83
+34.1%
9.1%CN¥19.99CN¥14.10CN¥10.7922
Apr ’24CN¥12.53
CN¥17.44
+39.1%
12.7%CN¥21.45CN¥13.50CN¥10.6421
Mar ’24CN¥14.17
CN¥17.33
+22.3%
12.2%CN¥21.38CN¥13.50CN¥10.4921
Feb ’24CN¥14.70
CN¥17.19
+16.9%
13.7%CN¥21.38CN¥12.00CN¥9.4121
Jan ’24CN¥13.16
CN¥16.26
+23.5%
13.6%CN¥20.37CN¥12.00CN¥9.3920
Dec ’23CN¥13.10
CN¥15.81
+20.7%
13.9%CN¥20.20CN¥10.00CN¥9.6620

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 Analysis2024/12/18 01:29
End of Day Share Price 2024/12/18 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

Ping An Bank Co., Ltd. is covered by 60 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Judy ZhangBNP Paribas Securities (Asia)
Yaogang ZhangBOCI Research Ltd.
Shanshan LiBOCOM International Securities Limited