Bank of Shanghai Co., Ltd.

XSSC:601229 Stock Report

Market Cap: CN¥130.6b

Bank of Shanghai Valuation

Is 601229 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 601229 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥21.28
Fair Value
56.8% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: 601229 (CN¥9.19) is trading below our estimate of fair value (CN¥21.28)

Significantly Below Fair Value: 601229 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601229?

Key metric: As 601229 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601229. This is calculated by dividing 601229's market cap by their current earnings.
What is 601229's PE Ratio?
PE Ratio5.9x
EarningsCN¥21.98b
Market CapCN¥130.56b

Price to Earnings Ratio vs Peers

How does 601229's PE Ratio compare to its peers?

The above table shows the PE ratio for 601229 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.5x
601169 Bank of Beijing
5.5x8.0%CN¥125.8b
600015 Hua Xia Bank
4.9x4.4%CN¥117.0b
600016 China Minsheng Banking
6.4x7.1%CN¥176.0b
000001 Ping An Bank
5.1x5.2%CN¥221.6b
601229 Bank of Shanghai
5.9x4.8%CN¥130.6b

Price-To-Earnings vs Peers: 601229 is expensive based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (5.5x).

Price to Earnings Ratio vs Industry

How does 601229's PE Ratio compare vs other companies in the CN Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
601838 Bank of Chengdu
0.5x-107.1%US$9.51b
No more companies available in this PE range
601229 5.9xIndustry Avg. 5.9xNo. of Companies16PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601229 is expensive based on its Price-To-Earnings Ratio (5.9x) compared to the CN Banks industry average (5.9x).

Price to Earnings Ratio vs Fair Ratio

What is 601229'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.

601229 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio6x

Price-To-Earnings vs Fair Ratio: 601229 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (6x).

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 601229 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.19
CN¥8.14
-11.4%
21.2%CN¥10.59CN¥5.30n/a5
Feb ’26CN¥9.30
CN¥8.14
-12.5%
21.2%CN¥10.59CN¥5.30n/a5
Jan ’26CN¥9.15
CN¥8.14
-11.1%
21.2%CN¥10.59CN¥5.30n/a5
Dec ’25CN¥8.20
CN¥7.53
-8.2%
18.1%CN¥9.00CN¥5.30n/a4
Nov ’25CN¥7.93
CN¥7.53
-5.1%
18.1%CN¥9.00CN¥5.30n/a4
Oct ’25CN¥7.89
CN¥7.53
-4.6%
18.1%CN¥9.00CN¥5.30n/a4
Sep ’25CN¥7.08
CN¥7.53
+6.3%
18.1%CN¥9.00CN¥5.30n/a4
Aug ’25CN¥7.38
CN¥7.00
-5.1%
15.9%CN¥8.00CN¥5.30n/a4
Jul ’25CN¥7.37
CN¥7.00
-5.0%
15.9%CN¥8.00CN¥5.30n/a4
Jun ’25CN¥7.81
CN¥6.80
-12.9%
16.4%CN¥8.11CN¥5.30n/a5
May ’25CN¥7.30
CN¥6.74
-7.6%
17.8%CN¥8.11CN¥5.00n/a5
Apr ’25CN¥6.78
CN¥6.43
-5.2%
17.8%CN¥8.11CN¥5.00n/a4
Mar ’25CN¥6.57
CN¥6.43
-2.2%
17.8%CN¥8.11CN¥5.00n/a4
Feb ’25CN¥6.37
CN¥6.43
+0.9%
17.8%CN¥8.11CN¥5.00CN¥9.304
Jan ’25CN¥5.97
CN¥6.43
+7.7%
17.8%CN¥8.11CN¥5.00CN¥9.154
Dec ’24CN¥5.96
CN¥6.65
+11.6%
16.6%CN¥8.11CN¥5.00CN¥8.205
Nov ’24CN¥6.08
CN¥6.65
+9.4%
16.6%CN¥8.11CN¥5.00CN¥7.935
Oct ’24CN¥6.17
CN¥6.67
+8.1%
16.1%CN¥8.11CN¥5.10CN¥7.895
Sep ’24CN¥6.03
CN¥6.31
+4.7%
14.1%CN¥7.50CN¥5.10CN¥7.084
Aug ’24CN¥6.17
CN¥6.19
+0.3%
13.9%CN¥7.50CN¥5.10CN¥7.384
Jul ’24CN¥5.75
CN¥6.26
+8.9%
12.3%CN¥7.50CN¥5.40CN¥7.374
Jun ’24CN¥6.16
CN¥6.26
+1.7%
12.3%CN¥7.50CN¥5.40CN¥7.814
May ’24CN¥6.28
CN¥5.95
-5.3%
3.4%CN¥6.20CN¥5.70CN¥7.303
Apr ’24CN¥5.99
CN¥6.63
+10.7%
18.0%CN¥8.68CN¥5.70CN¥6.784
Mar ’24CN¥6.00
CN¥6.87
+14.5%
17.0%CN¥8.68CN¥5.70CN¥6.575
Feb ’24CN¥6.01
CN¥7.22
+20.0%
18.3%CN¥8.94CN¥5.70CN¥6.376
Analyst Price Target
Consensus Narrative from 5 Analysts
CN¥8.14
Fair Value
12.9% overvalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/11 07:45
End of Day Share Price 2025/02/11 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.

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 Github.

Analyst Sources

Bank of Shanghai Co., Ltd. is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yung ChenCCB International Securities Limited
Heng Chao ZouChina Merchants Securities Co. Ltd.
Feifei XiaoCitic Securities Co., Ltd.