China CITIC Bank Valuation
Is 601998 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation 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 601998 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 601998 (CN¥6.74) is trading below our estimate of fair value (CN¥26.63)
Significantly Below Fair Value: 601998 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 601998?
Key metric: As 601998 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 601998's PE Ratio? | |
|---|---|
| PE Ratio | 4x |
| Earnings | CN¥62.62b |
| Market Cap | CN¥331.54b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does 601998's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.2x | ||
601166 Industrial Bank | 5.4x | 6.5% | CN¥384.5b |
600000 Shanghai Pudong Development Bank | 7.5x | 8.9% | CN¥288.5b |
000001 Ping An Bank | 5.2x | 5.6% | CN¥228.0b |
601818 China Everbright Bank | 6.7x | 11.2% | CN¥199.5b |
601998 China CITIC Bank | 4x | 6.5% | CN¥357.0b |
Price-To-Earnings vs Peers: 601998 is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (6.2x).
Price to Earnings Ratio vs Industry
How does 601998's PE Ratio compare vs other companies in the CN Banks Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 601998 is good value based on its Price-To-Earnings Ratio (4x) compared to the CN Banks industry average (5.8x).
Price to Earnings Ratio vs Fair Ratio
What is 601998'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 4x |
| Fair PE Ratio | 6.3x |
Price-To-Earnings vs Fair Ratio: 601998 is good value based on its Price-To-Earnings Ratio (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?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
Agricultural Bank of China
HK$1.8t
Provides banking products and services.
601288
HK$4.80
7D
2.3%
1Y
31.5%
Chongqing Rural Commercial Bank
HK$64.0b
Engages in the provision of banking services in the People’s Republic of China.
601077
HK$5.59
7D
2.2%
1Y
39.4%
Hua Xia Bank
CN¥118.4b
Provides commercial banking services in China and Hong Kong.
600015
CN¥7.44
7D
4.5%
1Y
33.1%