Bank of Ningbo Co., Ltd.

XSEC:002142 Stock Report

Market Cap: CN¥158.4b

Bank of Ningbo Valuation

Is 002142 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 002142 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002142 (CN¥23.98) is trading below our estimate of fair value (CN¥70.15)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002142?

Key metric: As 002142 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002142. This is calculated by dividing 002142's market cap by their current earnings.
What is 002142's PE Ratio?
PE Ratio6.1x
EarningsCN¥26.14b
Market CapCN¥158.35b

Price to Earnings Ratio vs Peers

How does 002142's PE Ratio compare to its peers?

The above table shows the PE ratio for 002142 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.3x
600919 Bank of Jiangsu
5.5x11.9%CN¥162.6b
601009 Bank of Nanjing
5.9x10.2%CN¥110.2b
600926 Bank of Hangzhou
5.1x15.4%CN¥80.7b
601838 Bank of Chengdu
4.8x11.6%CN¥58.6b
002142 Bank of Ningbo
6.1x9.2%CN¥158.4b

Price-To-Earnings vs Peers: 002142 is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

How does 002142'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
002142 6.1xIndustry Avg. 5.7xNo. of Companies19PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002142 is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the CN Banks industry average (5.9x).


Price to Earnings Ratio vs Fair Ratio

What is 002142'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.

002142 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio6.3x

Price-To-Earnings vs Fair Ratio: 002142 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (6.3x).


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 002142 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥23.98
CN¥28.80
+20.1%
13.8%CN¥35.88CN¥20.46n/a15
Nov ’25CN¥25.50
CN¥28.80
+12.9%
13.8%CN¥35.88CN¥20.46n/a15
Oct ’25CN¥25.70
CN¥27.71
+7.8%
15.9%CN¥35.88CN¥17.25n/a15
Sep ’25CN¥20.25
CN¥28.21
+39.3%
12.6%CN¥35.88CN¥24.02n/a15
Aug ’25CN¥21.31
CN¥28.80
+35.1%
11.7%CN¥35.88CN¥24.02n/a15
Jul ’25CN¥22.95
CN¥28.74
+25.2%
11.5%CN¥35.88CN¥24.02n/a16
Jun ’25CN¥24.77
CN¥28.69
+15.8%
12.9%CN¥37.90CN¥24.02n/a17
May ’25CN¥22.93
CN¥28.51
+24.3%
14.6%CN¥37.90CN¥22.15n/a16
Apr ’25CN¥21.52
CN¥30.46
+41.5%
13.5%CN¥37.90CN¥24.15n/a17
Mar ’25CN¥22.03
CN¥30.29
+37.5%
13.7%CN¥37.90CN¥24.15n/a17
Feb ’25CN¥21.30
CN¥30.47
+43.1%
13.6%CN¥37.90CN¥24.15n/a17
Jan ’25CN¥20.11
CN¥32.48
+61.5%
13.4%CN¥38.60CN¥24.15n/a17
Dec ’24CN¥22.62
CN¥33.54
+48.3%
10.1%CN¥38.60CN¥27.77n/a17
Nov ’24CN¥24.91
CN¥33.83
+35.8%
10.5%CN¥40.10CN¥27.85CN¥25.5018
Oct ’24CN¥26.87
CN¥35.37
+31.6%
7.4%CN¥40.10CN¥30.48CN¥25.7018
Sep ’24CN¥27.67
CN¥36.17
+30.7%
9.8%CN¥44.40CN¥30.48CN¥20.2518
Aug ’24CN¥28.12
CN¥36.93
+31.3%
11.9%CN¥47.20CN¥30.52CN¥21.3116
Jul ’24CN¥25.30
CN¥37.37
+47.7%
11.1%CN¥47.20CN¥32.00CN¥22.9516
Jun ’24CN¥24.62
CN¥38.07
+54.6%
10.4%CN¥47.20CN¥31.00CN¥24.7715
May ’24CN¥27.38
CN¥37.84
+38.2%
9.7%CN¥47.20CN¥31.00CN¥22.9316
Apr ’24CN¥27.31
CN¥39.41
+44.3%
9.5%CN¥45.72CN¥31.00CN¥21.5215
Mar ’24CN¥30.38
CN¥39.52
+30.1%
9.2%CN¥45.72CN¥31.00CN¥22.0315
Feb ’24CN¥32.53
CN¥39.43
+21.2%
10.2%CN¥45.93CN¥31.00CN¥21.3014
Jan ’24CN¥32.45
CN¥38.86
+19.7%
9.8%CN¥45.93CN¥31.00CN¥20.1114
Dec ’23CN¥31.96
CN¥38.82
+21.5%
9.5%CN¥45.93CN¥31.00CN¥22.6214
Nov ’23CN¥24.88
CN¥39.16
+57.4%
13.0%CN¥50.16CN¥30.00CN¥24.9116

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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