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Bank of Ningbo SZSE:002142 Stock Report

Last Price


Market Cap







30 Jun, 2022


Company Financials +
2142 fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance5/6
Financial Health6/6

2142 Stock Overview

Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the People's Republic of China.

Bank of Ningbo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Ningbo
Historical stock prices
Current Share PriceCN¥35.81
52 Week HighCN¥41.70
52 Week LowCN¥30.99
1 Month Change9.34%
3 Month Change-6.99%
1 Year Change-10.14%
3 Year Change50.59%
5 Year Change132.53%
Change since IPO152.43%

Recent News & Updates

Shareholder Returns

2142CN BanksCN Market

Return vs Industry: 002142 exceeded the CN Banks industry which returned -18% over the past year.

Return vs Market: 002142 matched the CN Market which returned -10.1% over the past year.

Price Volatility

Is 2142's price volatile compared to industry and market?
2142 volatility
2142 Average Weekly Movement4.2%
Banks Industry Average Movement4.2%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 002142 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 002142's weekly volatility (4%) has been stable over the past year.

About the Company

199724,177Lingjun Zhuang

Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the People's Republic of China. The company operates through Corporate Business, Personal Business, Treasury Business, and Other Business segments. It offers deposits; short-term, medium-term, and long-term loans; bank cards; domestic and international settlement services; bill discounting services; collection and payment agency, cashing proxy, and government bonds underwriting services; sells government and financial bonds; inter-bank lending and borrowing services; safe deposit box services; foreign exchange deposits; foreign currency exchange, loans, and remittances; bank guarantees; and insurance agency services, as well as other banking services.

Bank of Ningbo Fundamentals Summary

How do Bank of Ningbo's earnings and revenue compare to its market cap?
2142 fundamental statistics
Market CapCN¥236.47b
Earnings (TTM)CN¥19.77b
Revenue (TTM)CN¥41.69b


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2142 income statement (TTM)
Cost of RevenueCN¥0
Gross ProfitCN¥41.69b
Other ExpensesCN¥21.92b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)2.99
Gross Margin100.00%
Net Profit Margin47.43%
Debt/Equity Ratio391.6%

How did 2142 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 2142 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2142?

Other financial metrics that can be useful for relative valuation.

2142 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 2142's PE Ratio compare to its peers?

2142 PE Ratio vs Peers
The above table shows the PE ratio for 2142 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.3x
601009 Bank of Nanjing
600919 Bank of Jiangsu
600926 Bank of Hangzhou
601838 Bank of Chengdu
002142 Bank of Ningbo

Price-To-Earnings vs Peers: 002142 is expensive based on its Price-To-Earnings Ratio (12x) compared to the peer average (7.3x).

Price to Earnings Ratio vs Industry

How does 2142's PE Ratio compare vs other companies in the CN Banks Industry?

Price-To-Earnings vs Industry: 002142 is expensive based on its Price-To-Earnings Ratio (12x) compared to the CN Banks industry average (6.8x)

Price to Earnings Ratio vs Fair Ratio

What is 2142'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.

2142 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: 002142 is expensive based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

Share Price vs Fair Value

What is the Fair Price of 2142 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002142 (CN¥35.81) is trading below our estimate of fair value (CN¥49.18)

Significantly Below Fair Value: 002142 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: 002142 is good value based on its PEG Ratio (0.6x)

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Future Growth

How is Bank of Ningbo forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002142's forecast earnings growth (21% per year) is above the savings rate (3.2%).

Earnings vs Market: 002142's earnings (21% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 002142's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002142's revenue (18.9% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 002142's revenue (18.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002142's Return on Equity is forecast to be low in 3 years time (16.8%).

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Past Performance

How has Bank of Ningbo performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002142 has high quality earnings.

Growing Profit Margin: 002142's current net profit margins (47.4%) are higher than last year (43.9%).

Past Earnings Growth Analysis

Earnings Trend: 002142's earnings have grown by 16.8% per year over the past 5 years.

Accelerating Growth: 002142's earnings growth over the past year (31.6%) exceeds its 5-year average (16.8% per year).

Earnings vs Industry: 002142 earnings growth over the past year (31.6%) exceeded the Banks industry 20.4%.

Return on Equity

High ROE: 002142's Return on Equity (13.2%) is considered low.

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Financial Health

How is Bank of Ningbo's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: 002142's Assets to Equity ratio (14.2x) is moderate.

Allowance for Bad Loans: 002142 has a sufficient allowance for bad loans (511%).

Low Risk Liabilities: 69% of 002142's liabilities are made up of primarily low risk sources of funding.

Loan Level: 002142 has an appropriate level of Loans to Assets ratio (41%).

Low Risk Deposits: 002142's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: 002142 has an appropriate level of bad loans (0.8%).

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What is Bank of Ningbo current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002142's dividend (1.4%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 002142's dividend (1.4%) is low compared to the top 25% of dividend payers in the CN market (1.94%).

Stability and Growth of Payments

Stable Dividend: 002142's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002142's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.6%), 002142's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: 002142's dividends in 3 years are forecast to be well covered by earnings (18.5% payout ratio).

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Lingjun Zhuang (42 yo)





Mr. Lingjun Zhuang serves as President and Vice Chairman of Bank of Ningbo Co., Ltd. since March 24, 2022 and served as its Vice President and Chief Financial Officer since April 03, 2020. Mr. Lingjun Zhua...

Leadership Team

Experienced Management: 002142's management team is seasoned and experienced (9.8 years average tenure).

Board Members

Experienced Board: 002142's board of directors are considered experienced (4.8 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 9.9%.

Top Shareholders

Company Information

Bank of Ningbo Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: Bank of Ningbo Co., Ltd.
  • Ticker: 2142
  • Exchange: SZSE
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: CN¥236.475b
  • Shares outstanding: 6.60b
  • Website:

Number of Employees


  • Bank of Ningbo Co., Ltd.
  • No. 345, Ningdong Road
  • Yinzhou District
  • Ningbo
  • Zhejiang Province
  • 315042
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Annual Earnings2021/12/31

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.