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Bank of Zhengzhou

DB:3BZ
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3BZ
DB
HK$38B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Bank of Zhengzhou Co., Ltd. provides various banking products and services in the People’s Republic of China. The last earnings update was 150 days ago. More info.


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3BZ Share Price and Events
7 Day Returns
0%
DB:3BZ
2.9%
DE Banks
0.7%
DE Market
1 Year Returns
-9.2%
DB:3BZ
-33.9%
DE Banks
-8.7%
DE Market
3BZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Zhengzhou (3BZ) 0% 6.3% 11.2% -9.2% -22.2% -
DE Banks 2.9% 4.1% 16.2% -33.9% -4.6% -22.2%
DE Market 0.7% 2.2% 8.8% -8.7% 7.6% 9.7%
1 Year Return vs Industry and Market
  • 3BZ outperformed the Banks industry which returned -33.9% over the past year.
Price Volatility
3BZ
Industry
5yr Volatility vs Market

Value

 Is Bank of Zhengzhou undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of Zhengzhou to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Zhengzhou.

DB:3BZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥4.23 * 18.1%
CN¥0.77
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥4.23
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3BZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 25%) (360.27%))
1.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.792 * 5.96%)
10.91%

Discounted Cash Flow Calculation for DB:3BZ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Zhengzhou is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:3BZ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (18.1% – 10.91%) * CN¥4.23)
CN¥0.31
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.31 / (10.91% - 0.23%)
CN¥2.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥4.23 + CN¥2.87
CN¥7.1
DB:3BZ Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:6196)
1.172
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.1 x 1.172
HK$8.32
Non-primary Listing Adjustment Factor 1 share in DB:3BZ represents 0.10461x of SEHK:6196
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10461x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.32 x 0.10461
€0.87
Value per share (EUR) From above. €0.87
Current discount Discount to share price of €0.39
= -1 x (€0.39 - €0.87) / €0.87
55.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bank of Zhengzhou is available for.
Intrinsic value
>50%
Share price is €0.386 vs Future cash flow value of €0.87006
Current Discount Checks
For Bank of Zhengzhou to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank of Zhengzhou's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank of Zhengzhou's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Zhengzhou's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Zhengzhou's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3BZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥0.82
SEHK:6196 Share Price ** SEHK (2019-03-21) in HKD HK$3.69
SEHK:6196 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥3.15
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 14.52x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.55x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Zhengzhou.

DB:3BZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6196 Share Price ÷ EPS (both in CNY)

= 3.15 ÷ 0.82

3.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Zhengzhou is good value based on earnings compared to the DE Banks industry average.
  • Bank of Zhengzhou is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bank of Zhengzhou's expected growth come at a high price?
Raw Data
DB:3BZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7.1%per year
Europe Banks Industry PEG Ratio Median Figure of 109 Publicly-Listed Banks Companies 0.74x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bank of Zhengzhou, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Zhengzhou's assets?
Raw Data
DB:3BZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥5.01
SEHK:6196 Share Price * SEHK (2019-03-21) in HKD HK$3.69
SEHK:6196 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥3.15
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.79x
DB:3BZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6196 Share Price ÷ Book Value per Share (both in CNY)

= 3.15 ÷ 5.01

0.63x

* Primary Listing of Bank of Zhengzhou.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Zhengzhou is good value based on assets compared to the DE Banks industry average.
X
Value checks
We assess Bank of Zhengzhou's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of Zhengzhou has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank of Zhengzhou expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank of Zhengzhou, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Zhengzhou expected to grow at an attractive rate?
  • Bank of Zhengzhou's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bank of Zhengzhou's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Bank of Zhengzhou's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:3BZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3BZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7.1%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3BZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3BZ Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 8,610 -19,475 4,364
2018-06-30 8,626 -13,043 4,412
2018-03-31 8,464 -27,270 4,383
2017-12-31 8,256 -46,831 4,280
2017-09-30 7,986 -99,216 4,084
2017-06-30 7,894 -45,349 4,148
2017-03-31 7,884 -52,287 4,198
2016-12-31 7,634 -10,798 3,999
2016-09-30 7,538 35,404 4,069
2016-06-30 7,247 -17,746 3,727
2016-03-31 6,697 3,309 3,333
2015-12-31 6,564 -22,997 3,356

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Zhengzhou's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bank of Zhengzhou is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3BZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bank of Zhengzhou Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3BZ Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 0.82
2018-06-30 0.83
2018-03-31 0.82
2017-12-31 0.80
2017-09-30 0.76
2017-06-30 0.78
2017-03-31 0.79
2016-12-31 0.75
2016-09-30 0.82
2016-06-30 0.80
2016-03-31 0.77
2015-12-31 0.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bank of Zhengzhou will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of Zhengzhou's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Zhengzhou has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank of Zhengzhou performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Zhengzhou's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Zhengzhou's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Zhengzhou's 1-year earnings growth is less than its 5-year average (6.9% vs 14.9%)
  • Bank of Zhengzhou's earnings growth has exceeded the DE Banks industry average in the past year (6.9% vs 5.5%).
Earnings and Revenue History
Bank of Zhengzhou's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Zhengzhou Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3BZ Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 8,610.33 4,364.01 2,673.92
2018-06-30 8,626.40 4,412.10 2,961.36
2018-03-31 8,464.46 4,383.44 2,781.63
2017-12-31 8,256.04 4,280.02 2,673.92
2017-09-30 7,985.56 4,084.06 803.04
2017-06-30 7,893.58 4,148.40 2,391.39
2017-03-31 7,884.30 4,198.34 2,305.94
2016-12-31 7,634.11 3,998.77 2,222.09
2016-09-30 7,538.18 4,069.38 1,978.53
2016-06-30 7,247.29 3,727.48 2,048.22
2016-03-31 6,696.66 3,333.26 1,972.05
2015-12-31 6,563.73 3,356.37 1,828.98
2015-09-30 6,214.17 3,183.03 1,718.07
2015-06-30 5,864.61 3,009.70 1,607.15
2015-03-31 5,435.97 2,736.39 1,566.40
2014-12-31 5,007.32 2,463.08 1,525.65
2013-12-31 3,856.98 1,901.85 1,152.01
2012-12-31 2,999.38 1,460.30 1,176.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank of Zhengzhou has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Zhengzhou used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Zhengzhou improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank of Zhengzhou's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Zhengzhou has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank of Zhengzhou's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of Zhengzhou's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Zhengzhou Company Filings, last reported 5 months ago.

DB:3BZ Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 38,679.06 116,696.36 118,616.06
2018-06-30 34,890.56 111,425.79 32,423.97
2018-03-31 33,661.00 112,569.52 122,635.95
2017-12-31 33,439.37 111,649.49 31,515.17
2017-09-30 24,658.26 124,533.31 83,623.14
2017-06-30 23,073.10 115,730.07 63,544.08
2017-03-31 22,934.76 104,382.05 84,326.03
2016-12-31 21,861.38 97,304.13 28,231.80
2016-09-30
2016-06-30 19,931.39 65,103.01 35,043.65
2016-03-31 17,824.02 52,461.90 36,901.19
2015-12-31 17,824.02 52,461.90 36,901.19
2015-09-30 17,824.02 52,461.90 36,901.19
2015-06-30 12,445.83 32,468.76 38,324.58
2015-03-31 12,445.83 32,468.76 38,324.58
2014-12-31 11,405.58 25,289.53 29,366.48
2013-12-31 9,536.47 21,355.15 27,884.36
2012-12-31 7,671.35 12,218.31 16,255.59
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of Zhengzhou has an acceptable proportion of non-loan assets held.
  • Bank of Zhengzhou's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Zhengzhou are broadly funded by customer deposits.
  • Bank of Zhengzhou's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Zhengzhou has a sufficient allowance for bad loans.
  • Bank of Zhengzhou has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Zhengzhou's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Zhengzhou has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank of Zhengzhou's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bank of Zhengzhou dividends.
If you bought €2,000 of Bank of Zhengzhou shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bank of Zhengzhou's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bank of Zhengzhou's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3BZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3BZ Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-10-22 0.000 0.000
2018-08-20 0.000 0.000
2018-04-30 0.000 0.000
2018-03-22 0.000 0.000
2017-05-19 0.220 5.858
2016-04-29 0.200 4.839
2016-03-29 0.200 5.522

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bank of Zhengzhou has not reported any payouts.
  • Unable to verify if Bank of Zhengzhou's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bank of Zhengzhou's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bank of Zhengzhou has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Zhengzhou's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Zhengzhou afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Zhengzhou has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank of Zhengzhou's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xueqing Shen
COMPENSATION CN¥2,991,000
AGE 53
CEO Bio

Mr. Xueqing Shen has serves as President of Bank of Zhengzhou Co., Ltd. (“Bank”) since December 2011. Mr. Shen has been an Executive Director of Bank of Zhengzhou Co., Ltd since February 2012. Prior to joining the Bank, he held a number of positions in Guangdong Development Bank Co., Ltd. (currently known as China Guangfa Bank Co., Ltd.) from June 1996 to November 2011. He had served successively as the deputy manager and the manager of general office, the director of operations department and the assistant to sub-branch President of Huayuan Road sub-branch, Zhengzhou branch from June 1996 to October 2000, the assistant to sub-branch President, the Vice President and the President of Dongming Road sub-branch, Zhengzhou branch from October 2000 to July 2004, the General Manager of No.3 corporate banking department and the General Manager of general office of Zhengzhou branch from July 2004 to April 2006, the President of Anyang sub-branch from April 2006 to September 2009, and the Vice President of Changsha branch from October 2009 to November 2011. Prior to that, he had worked in Financial and Trade Commission of Pingdingshan City, Henan Province from July 1990 to June 1996 and had served as the deputy chief of information investigation section since May 1995. Mr. Shen graduated from Henan Institute of Finance and Economics (Henan, China) in June 1990, majoring in public finance, and obtained a bachelor’s degree in economics. He obtained an executive master’s degree in business administration degree from Xi’an Jiaotong University (Shaanxi, China) in December 2008, and an executive master’s degree in business administration from Tsinghua University (Beijing, China) in July 2015. He has been a senior economist accredited by the People’s Government of Henan Province since December 2005.

CEO Compensation
  • Xueqing's compensation has been consistent with company performance over the past year.
  • Xueqing's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bank of Zhengzhou management team in years:

3.4
Average Tenure
51.5
Average Age
  • The tenure for the Bank of Zhengzhou management team is about average.
Management Team

Tianyu Wang

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
52

Xueqing Shen

TITLE
President & Executive Director
COMPENSATION
CN¥3M
AGE
53

Tao Feng

TITLE
Vice Chairman of the Board
COMPENSATION
CN¥3M
AGE
55

Li Guoquan

TITLE
General Manager of the Planning & Finance Department

Yuezhen Mao

TITLE
Chief Accountant & VP
AGE
55
TENURE
7.5 yrs

Tao Jiang

TITLE
Chief Information Officer
AGE
46
TENURE
3.3 yrs

Yanli Wang

TITLE
Chief Risk Officer
AGE
47

Zhaoqi Wang

TITLE
Chief Auditor
AGE
51

Chunqiao Fu

TITLE
VP, Joint Company Secretary & Director of the Office of the Board of Directors
AGE
45
TENURE
3.5 yrs

Sharon Leung

TITLE
Secretary
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Bank of Zhengzhou board of directors in years:

5.4
Average Tenure
52.5
Average Age
  • The tenure for the Bank of Zhengzhou board of directors is about average.
Board of Directors

Tianyu Wang

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
52
TENURE
8 yrs

Xueqing Shen

TITLE
President & Executive Director
COMPENSATION
CN¥3M
AGE
53
TENURE
7.1 yrs

Tao Feng

TITLE
Vice Chairman of the Board
COMPENSATION
CN¥3M
AGE
55
TENURE
2.8 yrs

Shihao Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥180K
AGE
68
TENURE
7.1 yrs

Taifeng Xie

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
60
TENURE
3.8 yrs

Ge Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
51
TENURE
3.8 yrs

Mabel Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
47
TENURE
3.8 yrs

Yanyan Li

TITLE
Independent Non-Executive Director
AGE
50
TENURE
0.7 yrs

Jingguo Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥36K
AGE
55
TENURE
7.1 yrs

Songwei Liang

TITLE
Non-Executive Director
AGE
50
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Dec 18 Buy Yunnan International Holding Group Limited Company 01. Nov 18 01. Nov 18 75,000,000 €0.51 €38,471,171
03. Dec 18 Buy Yunnan International Holding Group Limited Company 01. Nov 18 01. Nov 18 318,000 €0.45 €142,817
03. Dec 18 Buy Yunnan International Holding Group Limited Company 28. Nov 18 28. Nov 18 94,339,623 €0.48 €45,298,041
23. Oct 18 Buy Yunnan International Holding Group Limited Company 02. Oct 18 02. Oct 18 44,000,000 €0.51 €22,244,541
19. Oct 18 Sell China Goldjoy Group Limited Company 28. Sep 18 28. Sep 18 -72,802,000 €0.45 €-32,831,941
15. Jun 18 Sell China Strategic Holdings Limited Company 13. Jun 18 13. Jun 18 -12,000,000 €0.47 €-5,661,063
23. May 18 Buy China Strategic Holdings Limited Company 18. May 18 18. May 18 26,665,000 €0.42 €11,256,621
17. May 18 Sell Henan Hongbao Group Company Limited Company 15. May 18 15. May 18 -70,000,000 €0.42 €-29,310,275
X
Management checks
We assess Bank of Zhengzhou's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Zhengzhou has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bank of Zhengzhou Co., Ltd. provides various banking products and services in the People’s Republic of China. It operates through Corporate Banking, Retail Banking, and Treasury Business segments. The Corporate Banking segment provides deposit products, corporate loans and advances, trade finance products, financial leasing services, agency services, and remittance and settlement services to corporations, government agencies, and financial institutions. The Retail Banking segment offers deposit products, personal loans, bank cards, personal wealth management services, remittance and settlement services, and collection and payment agency services to retail customers. The Treasury Business segment engages in the interbank money market transactions and repurchases transactions, as well as offers investment services. The company also offers short-term, medium-term, and long-term loans; provides guarantees and safe-deposit box services; accepts and discounts bills; issues financial bonds; acts as an issuing agent, cashing agent, and the underwriter of government bonds; trades in government bonds; and acts as an insurance agent, as well as offers online, telephone, and mobile banking services. In addition, it provides cash management, investment banking, international trade, and platform finance services, as well as credit cards. As of December 31, 2017, it had a total of 153 intra-branch self-service facilities, including 78 banks in Zhengzhou, 11 branches, and 64 county outlets; 161 extra-branch self-service facilities in Henan province comprising 86 branches in Zhengzhou and 75 branches in the counties; and a network of self-service outlets in other counties, including Nanyang, Xinxiang, Luoyang, Zhongmu, Dengfeng, Xinmi, and Xinzheng. The company was formerly known as Commercial Bank of Zhengzhou Co., Ltd. and changed its name to Bank of Zhengzhou Co., Ltd. in December 2009. Bank of Zhengzhou Co., Ltd. was founded in 1996 and is headquartered in Zhengzhou, China.

Details
Name: Bank of Zhengzhou Co., Ltd.
3BZ
Exchange: DB
Founded: 1996
HK$4,263,986,363
5,921,931,900
Website: http://www.zzbank.cn
Address: Bank of Zhengzhou Co., Ltd.
22 Shangwu Waihuan Road,
Zhengdong New District,
Zhengzhou,
Henan Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6196 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 23. Dec 2015
DB 3BZ Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 23. Dec 2015
SHSC 6196 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 23. Dec 2015
SZSC 6196 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 23. Dec 2015
XSEC 002936 Foreign Shares-Foreign Listed Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 23. Dec 2015
SZSE 002936 Domestic Shares Shenzhen Stock Exchange CN CNY 19. Sep 2018
Number of employees
Current staff
Staff numbers
4,313
Bank of Zhengzhou employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 22:54
End of day share price update: 2019/03/21 00:00
Last earnings filing: 2018/10/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.