Jiangsu Changshu Rural Commercial Bank Co., Ltd.

XSSC:601128 Stock Report

Market Cap: CN¥22.6b

Jiangsu Changshu Rural Commercial Bank Valuation

Is 601128 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 601128 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601128 (CN¥7.5) is trading below our estimate of fair value (CN¥23.96)

Significantly Below Fair Value: 601128 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601128?

Key metric: As 601128 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601128. This is calculated by dividing 601128's market cap by their current earnings.
What is 601128's PE Ratio?
PE Ratio6x
EarningsCN¥3.74b
Market CapCN¥22.61b

Price to Earnings Ratio vs Peers

How does 601128's PE Ratio compare to its peers?

The above table shows the PE ratio for 601128 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.1x
601665 Qilu Bank
5.8x14.4%CN¥26.0b
002966 Bank of Suzhou
5.9x10.1%CN¥28.9b
601997 Bank of GuiyangLtd
4.3x1.0%CN¥21.8b
601577 Bank of Changsha
4.4x7.5%CN¥34.6b
601128 Jiangsu Changshu Rural Commercial Bank
6x15.2%CN¥22.6b

Price-To-Earnings vs Peers: 601128 is expensive based on its Price-To-Earnings Ratio (6x) compared to the peer average (5.1x).

Price to Earnings Ratio vs Industry

How does 601128'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
601128 6.0xIndustry Avg. 5.9xNo. of Companies15PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601128 is expensive based on its Price-To-Earnings Ratio (6x) compared to the CN Banks industry average (5.9x).

Price to Earnings Ratio vs Fair Ratio

What is 601128'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.

601128 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio5.9x

Price-To-Earnings vs Fair Ratio: 601128 is expensive based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).

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 601128 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥7.50
CN¥9.01
+20.2%
7.9%CN¥10.08CN¥7.85n/a9
Dec ’25CN¥7.61
CN¥9.01
+18.5%
7.9%CN¥10.08CN¥7.85n/a9
Nov ’25CN¥6.98
CN¥8.89
+27.3%
6.8%CN¥10.04CN¥7.85n/a9
Oct ’25CN¥7.35
CN¥8.79
+19.5%
6.5%CN¥10.04CN¥7.85n/a9
Sep ’25CN¥6.46
CN¥8.81
+36.3%
6.5%CN¥10.04CN¥7.85n/a9
Aug ’25CN¥7.17
CN¥8.67
+20.9%
6.9%CN¥10.04CN¥7.85n/a9
Jul ’25CN¥7.84
CN¥8.67
+10.6%
6.9%CN¥10.04CN¥7.85n/a9
Jun ’25CN¥7.79
CN¥8.70
+11.7%
6.6%CN¥10.04CN¥7.85n/a10
May ’25CN¥7.23
CN¥8.16
+12.9%
10.1%CN¥9.95CN¥6.73n/a10
Apr ’25CN¥6.53
CN¥8.04
+23.2%
10.7%CN¥9.95CN¥6.73n/a10
Mar ’25CN¥6.32
CN¥8.19
+29.6%
10.6%CN¥10.03CN¥6.73n/a10
Feb ’25CN¥6.23
CN¥8.19
+31.5%
10.6%CN¥10.03CN¥6.73n/a10
Jan ’25CN¥5.81
CN¥8.74
+50.4%
9.3%CN¥10.03CN¥7.55n/a10
Dec ’24CN¥6.22
CN¥8.72
+40.3%
9.5%CN¥10.03CN¥7.55CN¥7.6110
Nov ’24CN¥6.75
CN¥9.00
+33.4%
13.1%CN¥11.74CN¥7.55CN¥6.9811
Oct ’24CN¥6.65
CN¥8.99
+35.2%
13.8%CN¥11.74CN¥7.55CN¥7.3510
Sep ’24CN¥6.55
CN¥8.99
+37.4%
13.8%CN¥11.74CN¥7.55CN¥6.4610
Aug ’24CN¥6.49
CN¥9.11
+40.3%
13.8%CN¥11.74CN¥7.55CN¥7.1710
Jul ’24CN¥6.20
CN¥9.17
+47.9%
13.3%CN¥11.74CN¥7.55CN¥7.8410
Jun ’24CN¥6.39
CN¥9.49
+48.5%
10.4%CN¥11.74CN¥8.27CN¥7.799
May ’24CN¥7.10
CN¥9.49
+33.7%
10.4%CN¥11.74CN¥8.27CN¥7.239
Apr ’24CN¥6.77
CN¥9.46
+39.7%
10.7%CN¥11.74CN¥8.27CN¥6.538
Mar ’24CN¥7.12
CN¥9.51
+33.5%
8.6%CN¥11.29CN¥8.64CN¥6.327
Feb ’24CN¥6.68
CN¥9.51
+42.3%
8.6%CN¥11.29CN¥8.64CN¥6.237
Jan ’24CN¥6.86
CN¥9.41
+37.2%
8.8%CN¥11.33CN¥8.64CN¥5.817
Dec ’23CN¥6.82
CN¥9.41
+38.1%
8.8%CN¥11.33CN¥8.64CN¥6.227

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 23:15
End of Day Share Price 2024/12/23 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

Jiangsu Changshu Rural Commercial Bank Co., Ltd. is covered by 21 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wenqing HanBofA Global Research
Yi Chuan WangChangjiang Securities Co. LTD.
Wen DingChina Galaxy Securities Co., Ltd.