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1288

Agricultural Bank of China SEHK:1288 Stock Report

Last Price

HK$2.96

Market Cap

HK$1.2t

7D

1.7%

1Y

9.6%

Updated

29 Jun, 2022

Data

Company Financials +
1288 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends6/6

1288 Stock Overview

Agricultural Bank of China Limited provides corporate and retail banking products and services.

Agricultural Bank of China Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Agricultural Bank of China
Historical stock prices
Current Share PriceHK$2.96
52 Week HighHK$3.15
52 Week LowHK$2.54
Beta0.54
1 Month Change-1.00%
3 Month Change-1.66%
1 Year Change9.63%
3 Year Change-9.48%
5 Year Change-15.67%
Change since IPO-9.48%

Recent News & Updates

Jun 25
With EPS Growth And More, Agricultural Bank of China (HKG:1288) Makes An Interesting Case

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

1288HK BanksHK Market
7D1.7%0.4%3.5%
1Y9.6%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

Is 1288's price volatile compared to industry and market?
1288 volatility
1288 Average Weekly Movement1.6%
Banks Industry Average Movement3.0%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.6%
10% least volatile stocks in HK Market3.4%

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

FoundedEmployeesCEOWebsite
1951455,174Qingsong Zhanghttps://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

How do Agricultural Bank of China's earnings and revenue compare to its market cap?
1288 fundamental statistics
Market CapCN¥1.04t
Earnings (TTM)CN¥232.27b
Revenue (TTM)CN¥564.57b

3.8x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1288 income statement (TTM)
RevenueCN¥564.57b
Cost of RevenueCN¥0
Gross ProfitCN¥564.57b
Other ExpensesCN¥332.30b
EarningsCN¥232.27b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.66
Gross Margin100.00%
Net Profit Margin41.14%
Debt/Equity Ratio108.0%

How did 1288 perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

31%

Payout Ratio

Does 1288 pay a reliable dividends?

See 1288 dividend history and benchmarks
When do you need to buy 1288 by to receive an upcoming dividend?
Agricultural Bank of China dividend dates
Ex Dividend DateJul 07 2022
Dividend Pay DateAug 05 2022
Days until Ex dividend7 days
Days until Dividend pay date36 days

Does 1288 pay a reliable dividends?

See 1288 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 1288 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation 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.

1288 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 1288's PE Ratio compare to its peers?

1288 PE Ratio vs Peers
The above table shows the PE ratio for 1288 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.6x
3988 Bank of China
3.8x7.5%HK$1.1t
939 China Construction Bank
3.7x8.2%HK$1.4t
1398 Industrial and Commercial Bank of China
4.1x6.8%HK$1.9t
1658 Postal Savings Bank of China
6.5x13.6%HK$568.4b
1288 Agricultural Bank of China
3.8x7.1%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.

1288 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio5.9x

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

1/6

Future 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

3/6

Past 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

6/6

Financial 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

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.17%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 29 2022Ex Dividend DateJul 07 2022Dividend Pay DateAug 05 202229 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.