Bank of Communications Co., Ltd.

DB:C4C Stock Report

Market Cap: €64.4b

Bank of Communications Valuation

Is C4C 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 C4C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C4C (€0.71) is trading below our estimate of fair value (€2.43)

Significantly Below Fair Value: C4C is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C4C?

Key metric: As C4C is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for C4C. This is calculated by dividing C4C's market cap by their current earnings.
What is C4C's PE Ratio?
PE Ratio4.9x
EarningsCN¥84.78b
Market CapCN¥490.00b

Price to Earnings Ratio vs Peers

How does C4C's PE Ratio compare to its peers?

The above table shows the PE ratio for C4C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
CBK Commerzbank
8.5x8.9%€18.1b
PCZ ProCredit Holding
4.4x12.2%€454.7m
WBC Westpac Banking
15.6x-0.06%AU$108.7b
BNS Bank of Nova Scotia
13x8.6%CA$94.8b
C4C Bank of Communications
4.9x5.6%€522.2b

Price-To-Earnings vs Peers: C4C is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does C4C's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
C4C 4.9xIndustry Avg. 7.6xNo. of Companies46PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: C4C is good value based on its Price-To-Earnings Ratio (4.9x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is C4C'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.

C4C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: C4C is good value based on its Price-To-Earnings Ratio (4.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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 C4C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.71
€0.76
+6.8%
13.8%€0.99€0.61n/a17
Dec ’25€0.67
€0.76
+14.0%
13.5%€0.99€0.61n/a18
Nov ’25€0.69
€0.76
+9.8%
13.2%€0.96€0.59n/a17
Oct ’25€0.68
€0.74
+10.2%
12.5%€0.93€0.59n/a17
Sep ’25€0.64
€0.74
+15.9%
12.4%€0.93€0.59n/a18
Aug ’25€0.65
€0.72
+12.4%
9.3%€0.85€0.59n/a18
Jul ’25€0.71
€0.72
+0.9%
9.5%€0.85€0.60n/a19
Jun ’25€0.68
€0.68
-0.3%
16.8%€0.84€0.40n/a19
May ’25€0.66
€0.67
+1.7%
16.4%€0.85€0.41n/a19
Apr ’25€0.60
€0.66
+9.7%
16.2%€0.85€0.39n/a19
Mar ’25€0.60
€0.65
+8.5%
15.3%€0.79€0.42n/a19
Feb ’25€0.54
€0.65
+21.8%
15.5%€0.80€0.42n/a20
Jan ’25€0.54
€0.65
+20.9%
16.9%€0.83€0.42n/a20
Dec ’24€0.53
€0.66
+25.3%
16.1%€0.83€0.42€0.6721
Nov ’24€0.55
€0.67
+21.5%
15.8%€0.83€0.44€0.6921
Oct ’24€0.56
€0.67
+17.8%
14.6%€0.84€0.46€0.6821
Sep ’24€0.52
€0.65
+25.4%
14.8%€0.82€0.44€0.6422
Aug ’24€0.55
€0.63
+16.5%
14.4%€0.78€0.44€0.6521
Jul ’24€0.60
€0.64
+6.0%
13.7%€0.78€0.44€0.7120
Jun ’24€0.59
€0.66
+11.1%
14.6%€0.82€0.46€0.6820
May ’24€0.58
€0.64
+9.9%
14.0%€0.82€0.41€0.6619
Apr ’24€0.56
€0.64
+13.1%
14.7%€0.83€0.41€0.6018
Mar ’24€0.56
€0.64
+15.9%
14.0%€0.80€0.43€0.6018
Feb ’24€0.56
€0.64
+14.3%
13.9%€0.80€0.43€0.5418
Jan ’24€0.53
€0.61
+15.3%
16.6%€0.79€0.43€0.5418
Dec ’23€0.53
€0.62
+17.3%
16.9%€0.79€0.43€0.5319

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 14:32
End of Day Share Price 2024/12/20 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 here.

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 .

Analyst Sources

Bank of Communications Co., Ltd. is covered by 73 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yu Hang AuABCI Securities Company Limited
Meizhi YanBarclays
Dorris ChenBNP Paribas Securities (Asia)