Executive Summary
Agricultural Bank of China Limited provides corporate and retail banking products and services in the Mainland China and internationally.
Snowflake
Fundamentals
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has Agricultural Bank of China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.3%
1288
0.8%
HK Banks
0.3%
HK Market
1 Year Return
-11.5%
1288
-5.5%
HK Banks
-1.5%
HK Market
Return vs Industry: 1288 underperformed the Hong Kong Banks industry which returned -5.5% over the past year.
Return vs Market: 1288 underperformed the Hong Kong Market which returned -1.5% over the past year.
Shareholder returns
| 1288 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 0.8% | 0.3% |
| 30 Day | 1.9% | 2.2% | 0.5% |
| 90 Day | -1.9% | -2.7% | -4.4% |
| 1 Year | -6.1%-11.5% | -0.5%-5.5% | 2.1%-1.5% |
| 3 Year | 13.0%-3.9% | 15.8%-0.2% | 14.7%3.2% |
| 5 Year | 20.8%-9.4% | 31.5%0.8% | 21.5%1.2% |
Price Volatility Vs. Market
How volatile is Agricultural Bank of China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Investors Who Bought Agricultural Bank of China (HKG:1288) Shares A Year Ago Are Now Down 20%1 month ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Agricultural Bank of China Limited (HKG:1288)2 months ago | Simply Wall St
What To Know Before Buying Agricultural Bank of China Limited (HKG:1288) For Its DividendValuation
Is Agricultural Bank of China undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1288 (HK$3.17) is trading below our estimate of fair value (HK$8.25)
Significantly Below Fair Value: 1288 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1288 is good value based on its PE Ratio (4.9x) compared to the Banks industry average (5.9x).
PE vs Market: 1288 is good value based on its PE Ratio (4.9x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1288 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 1288 is overvalued based on its PB Ratio (0.6x) compared to the HK Banks industry average (0.5x).
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Future Growth
How is Agricultural Bank of China forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1288's forecast earnings growth (6.7% per year) is above the savings rate (2%).
Earnings vs Market: 1288's earnings (6.7% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).
High Growth Earnings: 1288's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1288's revenue (8.5% per year) is forecast to grow slower than the Hong Kong market (10.4% per year).
High Growth Revenue: 1288's revenue (8.5% 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 (11.8%).
Next Steps
Past Performance
How has Agricultural Bank of China performed over the past 5 years?
2.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1288's earnings have grown by 2.6% per year over the past 5 years.
Accelerating Growth: 1288's earnings growth over the past year (5.4%) exceeds its 5-year average (2.6% per year).
Earnings vs Industry: 1288 earnings growth over the past year (5.4%) exceeded the Banks industry 5.2%.
Return on Equity
High ROE: 1288's Return on Equity (12%) is considered low.
Return on Assets
ROA vs Industry: 1288 has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate 1288's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Agricultural Bank of China's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 1288 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1288's debt is covered by short term assets (assets are 2.378010x debt).
Financial Institutions Analysis
Asset Level: 1288's level of assets compared to its equity is moderate.
Allowance for Bad Loans: 1288 has a sufficient allowance for bad loans.
Low Risk Liabilities: 1288's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1288 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 1288's loans are broadly funded by customer deposits.
Level of Bad Loans: 1288 has an appropriate level of bad loans (1.43%)
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Dividend
What is Agricultural Bank of China's current dividend yield, its reliability and sustainability?
6.07%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 1288's dividend (6.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 1288's dividend (6.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: 1288 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1288's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.9%), 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 (30.8% payout ratio).
Next Steps
Management
What is the CEO of Agricultural Bank of China's salary, the management and board of directors tenure and is there insider trading?
1.9yrs
Average management tenure
CEO
Mubing Zhou (62yo)
1yrs
Tenure
CN¥704,000
Compensation
Mr. Mubing Zhou has been an Executive Chairman of Agricultural Bank of China Limited since July 05, 2016 and serves as its President since October 2018. He served as Vice Mayor of Chongqing Municipal Gover ...
CEO Compensation Analysis
Compensation vs. Market: Mubing has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.
Compensation vs Earnings: Mubing's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.9yrs
Average Tenure
55yo
Average Age
Experienced Management: 1288's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Age and Tenure
2.8yrs
Average Tenure
56yo
Average Age
Experienced Board: 1288's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 66,562,000 |
| Max Price | CN¥3.34 |
| Entity | Company |
| Shares | 4,688,980 |
| Max Price | CN¥3.49 |
| Entity | Company |
| Shares | 17,733,000 |
| Max Price | CN¥3.54 |
| Entity | Company |
| Shares | 407,265,861 |
| Max Price | CN¥3.36 |
Ownership Breakdown
Management Team
Cecilia Woo
Assistant Company Secretary
- Tenure: 0yrs
Mubing Zhou (62yo)
Chairman of the Board & President
- Tenure: 1yrs
- Compensation: CN¥704.00k
Chris Ho
Assistant to the Company Secretary
- Tenure: 4.4yrs
Wei Wang (56yo)
Executive VP & Executive Director
- Tenure: 1.7yrs
- Compensation: CN¥646.00k
Keqiu Zhang (55yo)
Executive VP & Executive Director
- Tenure: 0.5yrs
- Compensation: CN¥646.00k
Zhicheng Li (56yo)
Chief Risk Officer
- Tenure: 2.7yrs
- Compensation: CN¥1.16m
Mingde Yao
General Manager of the Finance & Accounting Department
- Tenure: 0yrs
Wanfu Zhou (54yo)
Company Secretary & Secretary to the Board of Directors
- Tenure: 1.5yrs
- Compensation: CN¥929.74k
Dongsheng Zhan (54yo)
Executive Vice President
- Tenure: 0.5yrs
Yong Cui (50yo)
Executive Vice President
- Tenure: 0.4yrs
Board Members
Mubing Zhou (62yo)
Chairman of the Board & President
- Tenure: 1yrs
- Compensation: CN¥704.00k
Wei Wang (56yo)
Executive VP & Executive Director
- Tenure: 1.7yrs
- Compensation: CN¥646.00k
Jingdong Wang (57yo)
Chairman of the Board of Supervisors
- Tenure: 0.9yrs
Jianbo Chen (56yo)
Non-Executive Director
- Tenure: 4.8yrs
Jiandong Xu (56yo)
Non-Executive Director
- Tenure: 4.7yrs
Xing Xiao (48yo)
Independent Non-Executive Director
- Tenure: 4.6yrs
- Compensation: CN¥380.00k
Keqiu Zhang (55yo)
Executive VP & Executive Director
- Tenure: 0.5yrs
- Compensation: CN¥646.00k
Xinxin Wang (67yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥360.00k
Zhenzhong Huang (55yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: CN¥360.00k
Luming Liao (56yo)
Non-Executive Director
- Tenure: 2.2yrs
Company Information
Agricultural Bank of China Limited's company bio, 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
- Market Cap: HK$1.360t
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 601288 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jul 2010 | |
| 601288 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Jul 2010 | |
| 1288 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jul 2010 |
| EK7 | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Jul 2010 |
| ACGB.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Jul 2010 |
| 1288 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jul 2010 |
| 1288 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jul 2010 |
| EK7 | WBAG (Wiener Boerse AG) | Yes | Foreign Shares-Foreign Listed | AT | EUR | Jul 2010 |
| ACGB.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Sep 2010 |
Biography
Agricultural Bank of China Limited provides corporate and retail banking products and services in the Mainland China and internationally. The company operates through Corporate Banking, Personal Banking, a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:48 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.