| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 6/6 |
1288 Stock Overview
Agricultural Bank of China Limited provides corporate and retail banking products and services.
Agricultural Bank of China Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$2.96 |
| 52 Week High | HK$3.15 |
| 52 Week Low | HK$2.54 |
| Beta | 0.54 |
| 1 Month Change | -1.00% |
| 3 Month Change | -1.66% |
| 1 Year Change | 9.63% |
| 3 Year Change | -9.48% |
| 5 Year Change | -15.67% |
| Change since IPO | -9.48% |
Recent News & Updates
With EPS Growth And More, Agricultural Bank of China (HKG:1288) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Shareholder Returns
| 1288 | HK Banks | HK Market | |
|---|---|---|---|
| 7D | 1.7% | 0.4% | 3.5% |
| 1Y | 9.6% | 1.3% | -20.1% |
Return vs Industry: 1288 exceeded the Hong Kong Banks industry which returned 1.3% over the past year.
Return vs Market: 1288 exceeded the Hong Kong Market which returned -20.1% over the past year.
Price Volatility
| 1288 volatility | |
|---|---|
| 1288 Average Weekly Movement | 1.6% |
| Banks Industry Average Movement | 3.0% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in HK Market | 13.6% |
| 10% least volatile stocks in HK Market | 3.4% |
Stable Share Price: 1288 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 1288's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1951 | 455,174 | Qingsong Zhang | https://www.abchina.com |
Agricultural Bank of China Limited provides corporate and retail banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency time, foreign currency call, time or demand optional, foreign exchange demand, foreign exchange call, foreign exchange time, certificates of deposit, savings, agreed-term, and negotiated deposits; and loans comprise housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.
Agricultural Bank of China Fundamentals Summary
| 1288 fundamental statistics | |
|---|---|
| Market Cap | CN¥1.04t |
| Earnings (TTM) | CN¥232.27b |
| Revenue (TTM) | CN¥564.57b |
3.8x
P/E Ratio0.4x
P/B RatioIs 1288 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1288 income statement (TTM) | |
|---|---|
| Revenue | CN¥564.57b |
| Cost of Revenue | CN¥0 |
| Gross Profit | CN¥564.57b |
| Other Expenses | CN¥332.30b |
| Earnings | CN¥232.27b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.66 |
| Gross Margin | 100.00% |
| Net Profit Margin | 41.14% |
| Debt/Equity Ratio | 108.0% |
How did 1288 perform over the long term?
See historical performance and comparisonDividends
8.2%
Current Dividend Yield31%
Payout RatioDoes 1288 pay a reliable dividends?
See 1288 dividend history and benchmarks| Agricultural Bank of China dividend dates | |
|---|---|
| Ex Dividend Date | Jul 07 2022 |
| Dividend Pay Date | Aug 05 2022 |
| Days until Ex dividend | 7 days |
| Days until Dividend pay date | 36 days |
Does 1288 pay a reliable dividends?
See 1288 dividend history and benchmarksValuation
Is 1288 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1288?
Other financial metrics that can be useful for relative valuation.
| What is 1288's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥1.04t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does 1288's PE Ratio compare to its peers?
| 1288 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.6x | ||
3988 Bank of China | 3.8x | 7.5% | HK$1.1t |
939 China Construction Bank | 3.7x | 8.2% | HK$1.4t |
1398 Industrial and Commercial Bank of China | 4.1x | 6.8% | HK$1.9t |
1658 Postal Savings Bank of China | 6.5x | 13.6% | HK$568.4b |
1288 Agricultural Bank of China | 3.8x | 7.1% | HK$1.2t |
Price-To-Earnings vs Peers: 1288 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (4.6x).
Price to Earnings Ratio vs Industry
How does 1288's PE Ratio compare vs other companies in the HK Banks Industry?
Price-To-Earnings vs Industry: 1288 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the Hong Kong Banks industry average (5.6x)
Price to Earnings Ratio vs Fair Ratio
What is 1288'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 | 3.8x |
| Fair PE Ratio | 5.9x |
Price-To-Earnings vs Fair Ratio: 1288 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).
Share Price vs Fair Value
What is the Fair Price of 1288 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1288 (HK$2.96) is trading below our estimate of fair value (HK$14.23)
Significantly Below Fair Value: 1288 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 1288 is good value based on its PEG Ratio (0.5x)
Discover undervalued companies
Future Growth
How is Agricultural Bank of China forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1288's forecast earnings growth (7.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 1288's earnings (7.1% per year) are forecast to grow slower than the Hong Kong market (17.2% per year).
High Growth Earnings: 1288's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1288's revenue (8.9% per year) is forecast to grow slower than the Hong Kong market (10.3% per year).
High Growth Revenue: 1288's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1288's Return on Equity is forecast to be low in 3 years time (11.3%).
Discover growth companies
Past Performance
How has Agricultural Bank of China performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1288 has a high level of non-cash earnings.
Growing Profit Margin: 1288's current net profit margins (41.1%) are lower than last year (41.9%).
Past Earnings Growth Analysis
Earnings Trend: 1288's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: 1288's earnings growth over the past year (11.6%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: 1288 earnings growth over the past year (11.6%) exceeded the Banks industry 11.4%.
Return on Equity
High ROE: 1288's Return on Equity (9.7%) is considered low.
Discover strong past performing companies
Financial Health
How is Agricultural Bank of China's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 1288's Assets to Equity ratio (12.2x) is moderate.
Allowance for Bad Loans: 1288 has a sufficient allowance for bad loans (301%).
Low Risk Liabilities: 89% of 1288's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1288 has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: 1288's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: 1288 has an appropriate level of bad loans (1.4%).
Discover healthy companies
Dividend
What is Agricultural Bank of China current dividend yield, its reliability and sustainability?
Dividend Score
6/6Dividend Score 6/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
8.17%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1288's dividend (8.17%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.7%).
High Dividend: 1288's dividend (8.17%) is in the top 25% of dividend payers in the Hong Kong market (7.69%)
Stability and Growth of Payments
Stable Dividend: 1288's dividends per share have been stable in the past 10 years.
Growing Dividend: 1288's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.9%), 1288's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1288's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Qingsong Zhang (56 yo)
2.58yrs
Tenure
CN¥819,900
Compensation
Mr. Qingsong Zhang has been the President of Agricultural Bank of China Ltd since November 2019 and its Executive Vice Chairman of the Board since January 14, 2020. Mr. Zhang served as President of Export-...
CEO Compensation Analysis
Compensation vs Market: Qingsong's total compensation ($USD122.23K) is below average for companies of similar size in the Hong Kong market ($USD1.03M).
Compensation vs Earnings: Qingsong's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 1288's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: 1288's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Agricultural Bank of China Limited's employee growth, exchange listings and data sources
Key Information
- Name: Agricultural Bank of China Limited
- Ticker: 1288
- Exchange: SEHK
- Founded: 1951
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: HK$1.215t
- Shares outstanding: 349.98b
- Website: https://www.abchina.com
Number of Employees
Location
- Agricultural Bank of China Limited
- No. 69, Jianguomen Nei Avenue
- Dongcheng District
- Beijing
- 100005
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.