Industrial Bank Co., Ltd.

XSSC:601166 Stock Report

Market Cap: CN¥375.0b

Industrial Bank Valuation

Is 601166 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 601166 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601166 (CN¥18.51) is trading below our estimate of fair value (CN¥51.43)

Significantly Below Fair Value: 601166 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601166?

Key metric: As 601166 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601166. This is calculated by dividing 601166's market cap by their current earnings.
What is 601166's PE Ratio?
PE Ratio5.3x
EarningsCN¥70.95b
Market CapCN¥374.98b

Price to Earnings Ratio vs Peers

How does 601166's PE Ratio compare to its peers?

The above table shows the PE ratio for 601166 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.4x
600000 Shanghai Pudong Development Bank
7.5x8.9%CN¥288.5b
000001 Ping An Bank
5.2x5.6%CN¥228.0b
601818 China Everbright Bank
6.7x11.2%CN¥199.5b
600016 China Minsheng Banking
6.2x7.5%CN¥167.4b
601166 Industrial Bank
5.4x6.5%CN¥384.5b

Price-To-Earnings vs Peers: 601166 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (6.4x).

Price to Earnings Ratio vs Industry

How does 601166'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
601166 5.3xIndustry Avg. 5.8xNo. of Companies16PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601166 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the CN Banks industry average (5.8x).

Price to Earnings Ratio vs Fair Ratio

What is 601166'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.

601166 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio6.2x

Price-To-Earnings vs Fair Ratio: 601166 is good value based on its Price-To-Earnings Ratio (5.4x) 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 601166 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.51
CN¥19.53
+5.5%
11.8%CN¥23.71CN¥15.60n/a15
Nov ’25CN¥18.29
CN¥19.50
+6.6%
11.4%CN¥23.71CN¥15.60n/a15
Oct ’25CN¥19.27
CN¥19.18
-0.5%
11.1%CN¥22.20CN¥15.70n/a15
Sep ’25CN¥16.51
CN¥19.12
+15.8%
12.8%CN¥22.50CN¥15.30n/a14
Aug ’25CN¥16.64
CN¥18.83
+13.2%
12.3%CN¥22.50CN¥15.30n/a13
Jul ’25CN¥17.75
CN¥18.66
+5.2%
12.4%CN¥22.50CN¥15.30n/a14
Jun ’25CN¥17.89
CN¥18.13
+1.3%
15.2%CN¥22.50CN¥11.27n/a14
May ’25CN¥16.85
CN¥17.55
+4.1%
16.5%CN¥22.50CN¥11.27n/a15
Apr ’25CN¥15.83
CN¥17.81
+12.5%
18.9%CN¥22.50CN¥11.00n/a16
Mar ’25CN¥16.58
CN¥17.77
+7.2%
18.2%CN¥22.50CN¥11.23n/a16
Feb ’25CN¥15.71
CN¥17.77
+13.1%
18.2%CN¥22.50CN¥11.23n/a16
Jan ’25CN¥16.21
CN¥17.97
+10.9%
18.0%CN¥22.50CN¥11.23n/a16
Dec ’24CN¥14.61
CN¥18.40
+25.9%
17.1%CN¥22.50CN¥11.23n/a16
Nov ’24CN¥15.11
CN¥18.93
+25.3%
16.8%CN¥22.50CN¥11.00CN¥18.2916
Oct ’24CN¥16.29
CN¥20.60
+26.5%
18.4%CN¥29.22CN¥11.51CN¥19.2717
Sep ’24CN¥15.94
CN¥21.04
+32.0%
18.8%CN¥29.22CN¥11.51CN¥16.5118
Aug ’24CN¥16.63
CN¥21.39
+28.6%
18.6%CN¥29.22CN¥12.09CN¥16.6417
Jul ’24CN¥15.65
CN¥21.78
+39.2%
15.4%CN¥29.22CN¥17.00CN¥17.7516
Jun ’24CN¥16.55
CN¥22.20
+34.2%
13.1%CN¥29.22CN¥18.00CN¥17.8916
May ’24CN¥17.22
CN¥22.43
+30.3%
13.0%CN¥29.22CN¥18.00CN¥16.8516
Apr ’24CN¥16.89
CN¥22.79
+34.9%
11.0%CN¥28.68CN¥18.00CN¥15.8316
Mar ’24CN¥17.16
CN¥22.99
+34.0%
10.9%CN¥28.68CN¥19.00CN¥16.5814
Feb ’24CN¥17.50
CN¥23.01
+31.5%
11.1%CN¥28.98CN¥19.00CN¥15.7114
Jan ’24CN¥17.59
CN¥22.52
+28.0%
12.4%CN¥28.98CN¥16.50CN¥16.2115
Dec ’23CN¥17.53
CN¥22.55
+28.7%
12.2%CN¥28.98CN¥16.50CN¥14.6115
Nov ’23CN¥15.42
CN¥23.17
+50.3%
15.8%CN¥30.32CN¥16.50CN¥15.1115

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

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