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Bank of Qingdao

DB:4BQ
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4BQ
DB
HK$36B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Bank of Qingdao Co., Ltd. provides various banking products and services in the People’s Republic of China. The last earnings update was 173 days ago. More info.


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4BQ Share Price and Events
7 Day Returns
-7.7%
DB:4BQ
4.3%
DE Banks
1.3%
DE Market
1 Year Returns
-1.4%
DB:4BQ
-31.5%
DE Banks
-7.6%
DE Market
4BQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Qingdao (4BQ) -7.7% 0% 0% -1.4% 10.1% -
DE Banks 4.3% 8.6% 11.8% -31.5% -3.9% -24%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • 4BQ outperformed the Banks industry which returned -31.5% over the past year.
  • 4BQ outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
4BQ
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Bank of Qingdao's competitors could be found in our database.

Value

 Is Bank of Qingdao 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 Qingdao 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    Our intrinsic value calculation method has changed recently, learn more here.

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

DB:4BQ 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¥4.35 * 11.1%
CN¥0.48
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥4.35
Discount Rate (Cost of Equity) See below 9.1%
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:4BQ
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.602 (1 + (1- 25%) (252.08%))
1.495
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.495 * 5.96%)
9.14%

Discounted Cash Flow Calculation for DB:4BQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Qingdao 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:4BQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.1% – 9.14%) * CN¥4.35)
CN¥0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.08 / (9.14% - 0.23%)
CN¥0.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥4.35 + CN¥0.95
CN¥5.3
DB:4BQ Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3866)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.3 x 1.17
HK$6.19
Non-primary Listing Adjustment Factor 1 share in DB:4BQ represents 0.09873x of SEHK:3866
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09873x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.19 x 0.09873
€0.61
Value per share (EUR) From above. €0.61
Current discount Discount to share price of €0.62
= -1 x (€0.62 - €0.61) / €0.61
-1.4%

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

  • The current share price of Bank of Qingdao is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Qingdao's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Qingdao's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4BQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.48
SEHK:3866 Share Price ** SEHK (2019-03-19) in HKD HK$6.28
SEHK:3866 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.37
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 14.63x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

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

** Primary Listing of Bank of Qingdao.

DB:4BQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3866 Share Price ÷ EPS (both in CNY)

= 5.37 ÷ 0.48

11.2x

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

  • Bank of Qingdao is good value based on earnings compared to the DE Banks industry average.
  • Bank of Qingdao is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bank of Qingdao's expected growth come at a high price?
Raw Data
DB:4BQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.3%per year
Europe Banks Industry PEG Ratio Median Figure of 108 Publicly-Listed Banks Companies 0.73x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.46x

*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 Qingdao, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Qingdao's assets?
Raw Data
DB:4BQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥4.52
SEHK:3866 Share Price * SEHK (2019-03-19) in HKD HK$6.28
SEHK:3866 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.37
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.89x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:4BQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3866 Share Price ÷ Book Value per Share (both in CNY)

= 5.37 ÷ 4.52

1.19x

* Primary Listing of Bank of Qingdao.

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

  • Bank of Qingdao is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Bank of Qingdao'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 Qingdao has a total score of 2/6, 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 Qingdao expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank of Qingdao, 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
-2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Qingdao expected to grow at an attractive rate?
  • Bank of Qingdao'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 Qingdao's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Bank of Qingdao's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:4BQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4BQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.3%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:4BQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:4BQ Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 4,367 10,790 1,946
2018-03-31 4,278 -6,609 1,923
2017-12-31 4,189 -24,009 1,900
2017-09-30 4,461 -25,641 2,002
2017-06-30 4,733 -27,274 2,103
2017-03-31 4,810 -13,539 2,096
2016-12-31 4,887 195 2,089
2016-09-30 4,872 -9,153 2,045
2016-06-30 4,856 -18,501 2,002
2016-03-31 4,641 -15,275 1,908
2015-12-31 4,426 -12,049 1,814
2015-09-30 4,122 -22,807 1,549

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Qingdao's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bank of Qingdao 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:4BQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bank of Qingdao Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4BQ Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.48
2018-03-31 0.47
2017-12-31 0.47
2017-09-30 0.49
2017-06-30 0.52
2017-03-31 0.52
2016-12-31 0.51
2016-09-30 0.53
2016-06-30 0.55
2016-03-31 0.56
2015-12-31 0.58
2015-09-30 0.39

*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 Qingdao will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of Qingdao'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 Qingdao 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 Qingdao 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 Qingdao'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 Qingdao's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Qingdao's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bank of Qingdao's 1-year earnings growth is negative, it can't be compared to the DE Banks industry average.
Earnings and Revenue History
Bank of Qingdao'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 Qingdao Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4BQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 4,367.14 1,945.90 1,928.75
2018-03-31 4,277.92 1,923.07 1,846.39
2017-12-31 4,188.69 1,900.25 1,764.02
2017-09-30 4,461.02 2,001.56 1,882.19
2017-06-30 4,733.35 2,102.88 2,000.36
2017-03-31 4,810.31 2,095.74 2,040.69
2016-12-31 4,887.27 2,088.61 2,081.02
2016-09-30 4,871.68 2,045.08 1,968.12
2016-06-30 4,856.10 2,001.56 1,855.21
2016-03-31 4,640.86 1,907.67 1,823.56
2015-12-31 4,425.61 1,813.78 1,791.90
2015-09-30 4,122.18 1,549.26 1,940.82
2015-06-30 4,076.36 1,659.41 1,810.10
2015-03-31 4,015.07 1,577.38 1,769.45
2014-12-31 3,953.77 1,495.35 1,728.81
2013-12-31 3,207.59 1,141.91 1,459.55
2012-12-31 2,603.43 920.03 1,200.04

*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 Qingdao has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Qingdao used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Qingdao 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 Qingdao'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 Qingdao has a total score of 2/6, 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 Qingdao'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 Qingdao'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 Qingdao Company Filings, last reported 8 months ago.

DB:4BQ Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 26,693.44 77,522.79 17,194.26
2018-03-31 26,693.44 77,522.79 17,194.26
2017-12-31 26,123.21 87,244.01 13,851.24
2017-09-30 26,123.21 87,244.01 13,851.24
2017-06-30 18,188.47 79,914.78 39,611.92
2017-03-31 18,188.47 79,914.78 39,611.92
2016-12-31 17,635.97 69,186.96 15,439.59
2016-09-30 17,635.97 69,186.96 15,439.59
2016-06-30 17,076.18 33,044.47 6,765.07
2016-03-31 17,076.18 33,044.47 6,765.07
2015-12-31 16,613.65 21,895.21 11,105.31
2015-09-30 16,613.65 21,895.21 11,105.31
2015-06-30 12,114.97 30,231.73 9,849.63
2015-03-31 12,114.97 30,231.73 9,849.63
2014-12-31 9,784.65 20,787.69 11,843.26
2013-12-31 8,205.15 16,401.31 15,178.43
2012-12-31 7,436.64 14,509.08 17,577.09
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 Qingdao has an acceptable proportion of non-loan assets held.
  • Bank of Qingdao's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Qingdao are broadly funded by customer deposits.
  • Bank of Qingdao's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Qingdao has a sufficient allowance for bad loans.
  • Bank of Qingdao has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Qingdao'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 Qingdao 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 Qingdao'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
3.72%
Current annual income from Bank of Qingdao dividends.
If you bought €2,000 of Bank of Qingdao shares you are expected to receive €74 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?
  • Bank of Qingdao's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Bank of Qingdao's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
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:4BQ 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 2.9%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:4BQ Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-05-15 0.200 3.669
2017-04-19 0.200 3.642
2017-03-24 0.200 3.239
2016-05-10 0.200 4.504
2015-12-03 0.250 6.139

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

  • Bank of Qingdao has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Bank of Qingdao has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Bank of Qingdao's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
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 Qingdao'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 Qingdao afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Qingdao has a total score of 2/6, 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 Qingdao'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
Lin Wang
COMPENSATION CN¥2,227,000
AGE 55
CEO Bio

Mr. Wang Lin has been President and Executive Director of Bank of Qingdao Co., Ltd. since March 31, 2012 and September 16, 2011, respectively. Mr. Wang has over 30 years of experience in banking operations and management. He joined Bank of Qingdao in July 2011 as the Deputy Secretary of The Party Committee. Mr. Wang served as the General Manager of The Pension Finance Department and Supplementary Pension Management Center of the head office at China Merchants Bank from February 2010 to August 2010 and from August 2010 to July 2011, respectively. He also served as the Head and Secretary of The Party Committee of the Ningbo branch of China Merchants Bank from July 2005 to February 2010 and General Manager of The Corporate Banking Department of The Head Office at China Merchants Bank from June 2002 to July 2005. He also worked at the Nanjing branch of China Merchants Bank from December 1996 to June 2002 as Deputy Head and Head of Chengbei sub-branch, Head of Hunan Road sub-branch and Chengxi sub-branch, Assistant To The Head and Deputy Head of The Nanjing Branch. Prior to that, he worked with the Nanjing branch of Agricultural Bank of China from July 1984 to December 1996 as an accountant, staff member of the credit office, secretary of the office and senior staff member of Pukou sub-branch, assistant to the director and deputy director of the Chengbei office as well as deputy general manager of the international department of the Nanjing branch, where he was primarily responsible for the accounting, commercial and industrial credit business of the sub-branch and the office secretarial matters and business operation and management of the international department. Mr. Wang graduated from Nanjing University of Finance & Economics in Jiangsu Province, majoring in finance (continuing education), and obtained a bachelors degree in management in December 2000. He also holds an EMBA degree from Peking University in July 2006 and is a senior economist.

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

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

8.6
Average Tenure
54.5
Average Age
  • The average tenure for the Bank of Qingdao management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shaoquan Guo

TITLE
Executive Chairman of the Board
COMPENSATION
CN¥2M
AGE
56

Lin Wang

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
55

Lan Lu

TITLE
Secretary to the Board & Executive Director
COMPENSATION
CN¥1M
AGE
54
TENURE
8.6 yrs

Fengjiang Yang

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
54
TENURE
11.8 yrs

Bo Wang

TITLE
Head of the Planning & Finance Department

Wing Sze Yu

TITLE
Joint Company Secretary
TENURE
0.4 yrs
Board of Directors Tenure

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

3.2
Average Tenure
54.5
Average Age
  • The tenure for the Bank of Qingdao board of directors is about average.
Board of Directors

Lin Wang

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
55
TENURE
7.5 yrs

Lan Lu

TITLE
Secretary to the Board & Executive Director
COMPENSATION
CN¥1M
AGE
54
TENURE
2.4 yrs

Fengjiang Yang

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
54
TENURE
6.9 yrs

Kelvin Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥182K
AGE
58
TENURE
3.9 yrs

Shaoquan Guo

TITLE
Executive Chairman of the Board
COMPENSATION
CN¥2M
AGE
56
TENURE
9.2 yrs

Hua Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥182K
AGE
51
TENURE
3.9 yrs

Qing Chen

TITLE
Chairlady of the Board of Supervisors
AGE
59
TENURE
2.3 yrs

Shuping Dai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥188K
AGE
58
TENURE
2.4 yrs

Simon Cheung

TITLE
Independent Non-Executive Director
AGE
48
TENURE
1.8 yrs

Qiaoling Fang

TITLE
Independent Non-Executive Director
AGE
42
TENURE
0.8 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 (€)
X
Management checks
We assess Bank of Qingdao'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 Qingdao 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 Qingdao Co., Ltd. provides various banking products and services in the People’s Republic of China. The company operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company intakes deposits; provides short, mid, and long-term loans; conducts domestic and international settlements, as well as acceptance, discounting, and inter-bank discounting of notes; issues financial bonds; and operates as an agent in issuing, cashing-in, and underwriting government and financial bonds. It also trades in government bonds, notes of central banks, financial and corporate bonds, mid-term notes, short-term financing coupons, and other bonds issued and circulated in the national interbank bond market; participates in interbank lending and borrowing, and interbank deposit businesses; and performs foreign exchange trading as an agent. In addition, the company carry’s out the foreign exchange settlement and sales businesses; provides bank cards, and letter of credit and guarantee services; and performs receipt and payment, and insurance business as an agent, as well as other agency services, including funds and sales of precious metals. Further, it is involved in the bond settlement agency business and the fixed deposits business of commercial banks for cash management of central treasury; and provision of safe deposit box and wealth management services. As of December 31, 2017, the company operated 4 off-bank self-service banks; 97 in-bank self-service banks; and 482 self-service devices, including 102 self-service ATMs, 257 self-service cash recycling service machines, and 123 self-service terminals that provide services, such as withdrawals, deposits, transfers, account enquiries, and payments. The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008. Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People’s Republic of China.

Details
Name: Bank of Qingdao Co., Ltd.
4BQ
Exchange: DB
Founded: 1996
HK$4,036,617,940
4,509,690,000
Website: http://www.qdccb.com
Address: Bank of Qingdao Co., Ltd.
No. 6 Qinling Road,
Laoshan District,
Qingdao,
Shandong Province, 266061,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3866 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 03. Dec 2015
DB 4BQ Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 03. Dec 2015
SZSC 3866 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 03. Dec 2015
XSEC 002948 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 16. Jan 2019
Number of employees
Current staff
Staff numbers
3,566
Bank of Qingdao employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 21:58
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/09/27
Last earnings reported: 2018/06/30
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.