Wuxi Rural Commercial Bank Co.,Ltd

XSSC:600908 Stock Report

Market Cap: CN¥12.7b

Wuxi Rural Commercial BankLtd Valuation

Is 600908 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 600908 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600908 (CN¥5.8) is trading below our estimate of fair value (CN¥16.7)

Significantly Below Fair Value: 600908 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600908?

Key metric: As 600908 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600908. This is calculated by dividing 600908's market cap by their current earnings.
What is 600908's PE Ratio?
PE Ratio5.8x
EarningsCN¥2.19b
Market CapCN¥12.73b

Price to Earnings Ratio vs Peers

How does 600908's PE Ratio compare to its peers?

The above table shows the PE ratio for 600908 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.9x
002807 Jiangsu Jiangyin Rural Commercial BankLTD
5.2x10.5%CN¥10.1b
601187 Xiamen Bank
6x26.4%CN¥14.6b
001227 Bank of Lanzhou
7.5xn/aCN¥14.1b
603323 Jiangsu Suzhou Rural Commercial Bank
4.9x10.6%CN¥9.4b
600908 Wuxi Rural Commercial BankLtd
5.8x8.7%CN¥12.8b

Price-To-Earnings vs Peers: 600908 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (5.9x).

Price to Earnings Ratio vs Industry

How does 600908'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
600908 5.8xIndustry Avg. 5.8xNo. of Companies15PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600908 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the CN Banks industry average (5.8x).

Price to Earnings Ratio vs Fair Ratio

What is 600908'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.

600908 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio5.2x

Price-To-Earnings vs Fair Ratio: 600908 is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (5.2x).

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 600908 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.80
CN¥6.06
+4.4%
2.4%CN¥6.20CN¥5.91n/a2
Nov ’25CN¥5.66
CN¥6.06
+7.0%
2.4%CN¥6.20CN¥5.91n/a2
Oct ’25CN¥6.13
CN¥6.06
-1.2%
2.4%CN¥6.20CN¥5.91n/a2
Sep ’25CN¥5.15
CN¥6.06
+17.6%
2.4%CN¥6.20CN¥5.91n/a2
Aug ’25CN¥5.24
CN¥6.06
+15.6%
2.4%CN¥6.20CN¥5.91n/a2
Jul ’25CN¥5.46
CN¥6.06
+10.9%
2.4%CN¥6.20CN¥5.91n/a2
Jun ’25CN¥5.65
CN¥6.33
+12.1%
6.5%CN¥6.89CN¥5.91n/a3
May ’25CN¥5.35
CN¥6.33
+18.4%
6.5%CN¥6.89CN¥5.91n/a3
Nov ’24CN¥5.05
CN¥7.08
+40.1%
2.6%CN¥7.26CN¥6.89CN¥5.662
Oct ’24CN¥5.58
CN¥7.40
+32.7%
6.0%CN¥8.03CN¥6.80CN¥6.134
Sep ’24CN¥5.48
CN¥7.40
+35.1%
6.0%CN¥8.03CN¥6.80CN¥5.154
Aug ’24CN¥5.62
CN¥7.40
+31.7%
6.0%CN¥8.03CN¥6.80CN¥5.244
Jul ’24CN¥5.36
CN¥7.40
+38.1%
6.0%CN¥8.03CN¥6.80CN¥5.464
Jun ’24CN¥5.44
CN¥7.40
+36.1%
6.0%CN¥8.03CN¥6.80CN¥5.654
May ’24CN¥5.68
CN¥7.40
+30.3%
6.0%CN¥8.03CN¥6.80CN¥5.354
Apr ’24CN¥5.38
CN¥7.69
+43.0%
8.2%CN¥8.21CN¥6.80CN¥5.153
Mar ’24n/a
CN¥8.14
0%
0.9%CN¥8.21CN¥8.07CN¥5.192
Feb ’24n/a
CN¥8.14
0%
0.9%CN¥8.21CN¥8.07CN¥5.032
Jan ’24n/a
CN¥8.10
0%
1.4%CN¥8.21CN¥7.99CN¥5.052
Dec ’23n/a
CN¥8.10
0%
1.4%CN¥8.21CN¥7.99CN¥4.922
Nov ’23n/a
CN¥8.10
0%
1.4%CN¥8.21CN¥7.99CN¥5.052

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Jiangsu Jiangyin Rural Commercial BankLTD

CN¥10.1b

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD.

2807

CN¥4.09

7D

-3.1%

1Y

13.3%

Chongqing Rural Commercial Bank

HK$62.4b

Engages in the provision of banking services in the People’s Republic of China.

601077

HK$5.55

7D

-1.1%

1Y

37.0%

China CITIC Bank

HK$350.4b

Provides various banking products and services in the People’s Republic of China and internationally.

601998

HK$6.71

7D

-1.3%

1Y

24.0%