Postal Savings Bank of China
Postal Savings Bank of China Co., Ltd. provides various banking products and services for retail and corporate customers in the People’s Republic of China. The last earnings update was 24 days ago. More info.
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1658 Share Price and Events
7 Day Returns
1 Year Returns
1658 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Postal Savings Bank of China (1658) | 3.7% | -1.9% | 12.6% | -8.5% | - | - |
| HK Banks | 2.4% | 0% | 6.4% | -11.3% | 27.4% | 23.5% |
| HK Market | 0.5% | 1.1% | 11.2% | -6.1% | 25.9% | 19.4% |
1 Year Return vs Industry and Market
- 1658 outperformed the Banks industry which returned -11.3% over the past year.
- 1658 underperformed the Market in Hong Kong which returned -6.1% over the past year.
Value
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
Postal Savings Bank of China
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Postal Savings Bank of China.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity = CN¥6.43 * 12.6% |
CN¥0.81 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 9 analysts. | CN¥6.43 |
| Discount Rate (Cost of Equity) | See below | 7.7% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 25%) (78.7%)) |
0.962 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.962 * 5.96%) |
7.73% |
Discounted Cash Flow Calculation for SEHK:1658 using Excess Returns Model Model
The calculations below outline how an intrinsic value for Postal Savings Bank of China 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.6% – 7.73%) * CN¥6.43) |
CN¥0.32 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= CN¥0.32 / (7.73% - 2%) |
CN¥5.50 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= CN¥6.43 + CN¥5.50 |
CN¥11.93 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1658) |
1.169 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥11.93 x 1.169 |
HK$13.95 |
| Value per share (HKD) | From above. | HK$13.95 |
| Current discount | Discount to share price of
HK$4.72
= -1 x (HK$4.72 - HK$13.95) / HK$13.95 |
66.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Postal Savings Bank of China's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Postal Savings Bank of China's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Postal Savings Bank of China's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Postal Savings Bank of China's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥0.62 |
| SEHK:1658 Share Price ** | SEHK (2019-04-18) in HKD | HK$4.72 |
| SEHK:1658 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.855 | CN¥4.04 |
| Hong Kong Banks Industry PE Ratio | Median Figure of 31 Publicly-Listed Banks Companies | 6.22x |
| Hong Kong Market PE Ratio | Median Figure of 1,474 Publicly-Listed Companies | 12x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Postal Savings Bank of China.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1658 Share Price ÷ EPS (both in CNY) = 4.04 ÷ 0.62 |
6.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Postal Savings Bank of China is overvalued based on earnings compared to the HK Banks industry average.
- Postal Savings Bank of China is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Postal Savings Bank of China's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.55x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
11.7%per year |
| Hong Kong Banks Industry PEG Ratio | Median Figure of 16 Publicly-Listed Banks Companies | 0.85x |
| Hong Kong Market PEG Ratio | Median Figure of 462 Publicly-Listed Companies | 0.86x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.55x ÷ 11.7% |
0.56x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Postal Savings Bank of China is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Postal Savings Bank of China's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥5.26 |
| SEHK:1658 Share Price * | SEHK (2019-04-18) in HKD | HK$4.72 |
| SEHK:1658 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.855 | CN¥4.04 |
| Hong Kong Banks Industry PB Ratio | Median Figure of 31 Publicly-Listed Banks Companies | 0.75x |
| Hong Kong Market PB Ratio | Median Figure of 2,149 Publicly-Listed Companies | 1.03x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1658 Share Price ÷ Book Value per Share (both in CNY) = 4.04 ÷ 5.26 |
0.77x |
* Primary Listing of Postal Savings Bank of China.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Postal Savings Bank of China is overvalued based on assets compared to the HK Banks industry average.
Value checks
We assess Postal Savings Bank of China's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Postal Savings Bank of China has a total score of 4/6, 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
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!
Earnings growth vs Low Risk Savings
- Postal Savings Bank of China's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Postal Savings Bank of China's earnings growth is expected to exceed the Hong Kong market average.
- Postal Savings Bank of China's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1658 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 11.7% |
| SEHK:1658 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 15.6% |
| Hong Kong Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 6.3% |
| Hong Kong Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 14.3% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.6% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 11.2% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 336,500 | 72,153 | 5 | |
| 2020-12-31 | 307,454 | 62,970 | 11 | |
| 2019-12-31 | 283,808 | 57,475 | 13 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 205,831 | -311,627 | 49,920 |
| 2018-09-30 | 213,438 | -305,738 | 53,924 |
| 2018-06-30 | 211,557 | -445,254 | 51,215 |
| 2018-03-31 | 204,447 | -1,066,920 | 50,392 |
| 2017-12-31 | 198,127 | -942,463 | 47,683 |
| 2017-09-30 | 185,997 | -1,255,674 | 45,655 |
| 2017-06-30 | 179,985 | -1,211,123 | 43,172 |
| 2017-03-31 | 175,194 | -1,116,889 | 41,105 |
| 2016-12-31 | 172,700 | -951,176 | 39,801 |
| 2016-09-30 | 172,637 | 38,564 | |
| 2016-06-30 | 169,482 | 184,034 | 37,134 |
| 2016-03-31 | 167,760 | 377,333 | 36,095 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from Postal Savings Bank of China Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.89 | 0.99 | 0.79 | 5.00 |
| 2020-12-31 | 0.76 | 0.85 | 0.68 | 10.00 |
| 2019-12-31 | 0.69 | 0.77 | 0.65 | 12.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.62 |
| 2018-09-30 | 0.64 |
| 2018-06-30 | 0.63 |
| 2018-03-31 | 0.62 |
| 2017-12-31 | 0.59 |
| 2017-09-30 | 0.57 |
| 2017-06-30 | 0.55 |
| 2017-03-31 | 0.55 |
| 2016-12-31 | 0.55 |
| 2016-09-30 | 0.55 |
| 2016-06-30 | 0.59 |
| 2016-03-31 | 0.60 |
*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.
- Postal Savings Bank of China is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Postal Savings Bank of China's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Postal Savings Bank of China has a total score of 3/6, 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 Postal Savings Bank of China 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
Past Earnings growth analysis
- Postal Savings Bank of China's year on year earnings growth rate has been positive over the past 5 years.
- Postal Savings Bank of China's 1-year earnings growth is less than its 5-year average (4.7% vs 12.1%)
- Postal Savings Bank of China's earnings growth has not exceeded the HK Banks industry average in the past year (4.7% vs 5.2%).
Earnings and Revenue History
All data from Postal Savings Bank of China Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 205,831.00 | 49,920.00 | 49,559.00 | |
| 2018-09-30 | 213,438.00 | 53,924.00 | 46,420.00 | |
| 2018-06-30 | 211,557.00 | 51,215.00 | 49,340.00 | |
| 2018-03-31 | 204,447.00 | 50,392.00 | 46,420.00 | |
| 2017-12-31 | 198,127.00 | 47,683.00 | 46,420.00 | |
| 2017-09-30 | 185,997.00 | 45,655.00 | 41,329.00 | |
| 2017-06-30 | 179,985.00 | 43,172.00 | 43,409.00 | |
| 2017-03-31 | 175,194.00 | 41,105.00 | 41,329.00 | |
| 2016-12-31 | 172,700.00 | 39,801.00 | 41,329.00 | |
| 2016-09-30 | 172,637.15 | 38,564.43 | -41,911.31 | |
| 2016-06-30 | 169,482.00 | 37,134.00 | 39,991.00 | |
| 2016-03-31 | 167,760.00 | 36,095.00 | 29,624.00 | |
| 2015-12-31 | 164,998.00 | 34,859.00 | 39,010.00 | |
| 2014-12-31 | 153,463.00 | 32,567.00 | 33,733.00 | |
| 2013-12-31 | 136,560.00 | 29,668.00 | 28,245.00 | |
| 2012-12-31 | 120,966.00 | 28,371.00 | 82,409.00 |
*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.
- Postal Savings Bank of China has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Postal Savings Bank of China used its assets less efficiently than the HK Banks industry average last year based on Return on Assets.
- Unable to establish if Postal Savings Bank of China improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Postal Savings Bank of China's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Postal Savings Bank of China has a total score of 1/6, 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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Postal Savings Bank of China Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 475,313.00 | 257,381.00 | 868,474.00 |
| 2018-09-30 | 469,936.00 | 294,309.00 | 2,424,019.00 |
| 2018-06-30 | 453,498.00 | 298,208.00 | 1,001,246.00 |
| 2018-03-31 | 449,102.00 | 126,629.00 | 2,786,487.00 |
| 2017-12-31 | 431,357.00 | 270,308.00 | 939,926.00 |
| 2017-09-30 | 426,244.00 | 216,622.00 | 2,113,975.00 |
| 2017-06-30 | 364,782.00 | 168,479.00 | 769,217.00 |
| 2017-03-31 | 360,143.00 | 104,596.00 | 2,061,072.00 |
| 2016-12-31 | 346,888.00 | 205,294.00 | 618,011.00 |
| 2016-09-30 | |||
| 2016-06-30 | 283,674.00 | 348,661.00 | 896,678.00 |
| 2016-03-31 | 273,804.00 | 376,278.00 | 1,054,265.00 |
| 2015-12-31 | 270,831.00 | 491,688.00 | 764,719.00 |
| 2014-12-31 | 187,909.00 | 134,714.00 | 1,638,615.00 |
| 2013-12-31 | 141,047.00 | 88,282.00 | 1,712,096.00 |
| 2012-12-31 | 114,869.00 | 19,505.00 | 1,545,647.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Postal Savings Bank of China has an acceptable proportion of non-loan assets held.
- Postal Savings Bank of China's liabilities are made up of primarily low risk sources of funding.
- Loans at Postal Savings Bank of China are broadly funded by customer deposits.
- Postal Savings Bank of China's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
- Postal Savings Bank of China has a sufficient allowance for bad loans.
- Postal Savings Bank of China has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Postal Savings Bank of China's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Postal Savings Bank of China has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Postal Savings Bank of China'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
If you bought
HK$2,000 of
Postal Savings Bank of China
shares you are expected to receive
HK$96
in your first year as a dividend.
Dividend Amount
- Postal Savings Bank of China's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
- Postal Savings Bank of China's dividend is below the markets top 25% of dividend payers in Hong Kong (5.34%).
Upcoming dividend payment
Purchase Postal Savings Bank of China before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 13 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Banks Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 5% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 965 Stocks | 3.4% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.21 | 4.00 |
| 2020-12-31 | 0.19 | 12.00 |
| 2019-12-31 | 0.18 | 10.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-26 | 0.194 | 4.923 |
| 2018-03-27 | 0.147 | 3.570 |
| 2017-03-24 | 0.074 | 1.872 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Postal Savings Bank of China has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Postal Savings Bank of China only paid a dividend in the past 2 years.
Income/ dividend checks
We assess Postal Savings Bank of China's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Postal Savings Bank of China afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Postal Savings Bank of China has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CN¥634,500 |
| AGE | 56 |
| TENURE AS CEO | 0.3 years |
CEO Bio
Mr. Xuewen Zhang has been Chairman and President at Postal Savings Bank of China Co., Ltd. since January 4, 2019. He had been Vice President of Postal Savings Bank of China Co., Ltd. since December 2012 and serves as its Director since December 2012. Mr. Zhang served as a Deputy Director of the internal trade division II of the trade finance department of the MOF from September 1995 to July 1998 and Deputy Director of the grain division of the economy and Trade Department of the MOF from July 1998 to June 2000. He served as a Deputy Director and the Director of the grain division of the economic development department of the MOF from June 2000 to July 2004 and Deputy Director General of the economic development department of the MOF from July 2004 to December 2012. Mr. Zhang serves as a Deputy Chairman of the Rural Social Insurance Commission of China Social Insurance Association and Deputy Chairman of the Banking Accounting Society of China. He was qualified as a senior economist granted by the Professional and Technical Positions Qualification Evaluation Commission of the MOF in January 2014. Mr. Zhang obtained a bachelor’s degree in economics from Zhongnan University of Finance and Economics in July 1986, a Doctor’s Degree in economics from Dongbei University of Finance and Economics in June 2012.
CEO Compensation
- Xuewen's compensation has been consistent with company performance over the past year.
- Xuewen's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Postal Savings Bank of China management team in years:
- The tenure for the Postal Savings Bank of China management team is about average.
Management Team
Xuewen Zhang
Chairman & President
CN¥635K
56
0.3 yrs
Xueming Xu
Vice President
CN¥608K
51
Jiawen Qu
Vice President
CN¥610K
55
Hong Yao
VP & Executive Director
CN¥610K
52
12.1 yrs
Chunye Du
Secretary to the Board of Directors & Joint Company Secretary
CN¥537K
41
2.3 yrs
Hucheng Liu
Secretary to the Party Discipline Committee
CN¥584K
52
2.3 yrs
Maurice Ngai
Joint Company Secretary
56
3.1 yrs
Board of Directors Tenure
Average tenure and age of the Postal Savings Bank of China board of directors in years:
- The average tenure for the Postal Savings Bank of China board of directors is less than 3 years, this suggests a new board.
Board of Directors
Hong Yao
VP & Executive Director
CN¥610K
52
2.9 yrs
Weihua Ma
Independent Non-Executive Director
CN¥450K
70
5.3 yrs
Xuewen Zhang
Chairman & President
CN¥635K
56
0.3 yrs
Peizhong Gan
Independent Non-Executive Director
CN¥300K
61
2.9 yrs
Yuejun Chen
Chairman of the Board of Supervisors
53
6.3 yrs
Wenbo Han
Non-Executive Director
CN¥530K
52
2.1 yrs
Jian Tang
Non-Executive Director
CN¥579K
58
6.3 yrs
David Chin
Non-Executive Director
CN¥464K
50
2.9 yrs
Zhonghua Bi
Independent Non-Executive Director
CN¥300K
66
5.3 yrs
Tingmei Fu
Independent Non-Executive Director
CN¥300K
51
2.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Apr 19 | Sell | UBS Asset Management | Company | 02. Apr 19 | 02. Apr 19 | -3,973,000 | HK$4.49 | HK$-17,838,759 | ||
| 22. Mar 19 | Sell | UBS Asset Management | Company | 19. Mar 19 | 19. Mar 19 | -17,426,000 | HK$4.80 | HK$-83,684,929 | ||
| 07. Mar 19 | Sell | UBS Asset Management | Company | 04. Mar 19 | 04. Mar 19 | -33,853,000 | HK$4.70 | HK$-159,193,646 | ||
| 11. Feb 19 | Sell | UBS Asset Management | Company | 01. Feb 19 | 01. Feb 19 | -3,000,000 | HK$4.36 | HK$-13,093,206 | ||
| 30. Nov 18 | Buy | CSIC Investment One Limited | Company | 19. Oct 18 | 19. Oct 18 | 4,080,000 | HK$4.63 | HK$18,907,135 | ||
| 25. Jun 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 20. Jun 18 | 20. Jun 18 | 374,000 | HK$5.31 | HK$1,985,191 | ||
Management checks
We assess Postal Savings Bank of China's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Postal Savings Bank of China 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
How Do Analysts See Postal Savings Bank of China Co., Ltd. (HKG:1658) Performing In The Year Ahead?
As Postal Savings Bank of China Co., Ltd. … (HKG:1658) announced its earnings release on 31 December 2018, … the past 5-year average growth rate of 12%.
Simply Wall St - – Full articlePostal Savings Bank of China Co., Ltd. (HKG:1658): What Are The Future Prospects?
In December 2018, Postal Savings Bank of China Co., Ltd. … (HKG:1658) announced its most recent earnings update, whicha
Simply Wall St - – Full articleHow Does Postal Savings Bank of China Co., Ltd. (HKG:1658) Fare As A Dividend Stock?
Postal Savings Bank of China Co., Ltd. … Let's take a look at Postal Savings Bank of China in more detail. … See our latest analysis for Postal Savings Bank of China
Simply Wall St - – Full articleIs Postal Savings Bank of China Co., Ltd.'s (HKG:1658) Future Growth Already Accounted For In Today's Price?
See our latest analysis for Postal Savings Bank of China? … What can we expect from Postal Savings Bank of China in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Postal Savings Bank of China
Simply Wall St - – Full articleWhat You Should Know About Postal Savings Bank of China Co., Ltd.’s (HKG:1658) Liquidity
As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … The recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … We should we cautious when it comes to investing in financial stocks due to the various risks large banks tend to face.
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine Postal Savings Bank of China Co., Ltd. (HKG:1658)?
Postal Savings Bank of China Co., Ltd. … A question to answer is whether Postal Savings Bank of China's current trading price of HK$4.14 reflective of the actual value of the? … Let’s take a look at Postal Savings Bank of China’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs Postal Savings Bank of China Co., Ltd. (HKG:1658) Over-Exposed To Risk?
As a HK$357b market capitalisation bank, Postal Savings Bank of China Co., Ltd. … Growth stimulates demand for loans and impacts a borrower’s ability to repay which directly affects the level of risk Postal Savings Bank of China takes on. … The level of risky assets a bank holds on its accounts affects the attractiveness of the company as an investment.
Simply Wall St - – Full articleDoes Postal Savings Bank of China Co Ltd (HKG:1658) Have A Place In Your Portfolio?
Postal Savings Bank of China Co Ltd (HKG:1658) has recently paid dividends to shareholders, and currently yields 3.6%. … Let's take a look at Postal Savings Bank of China in more detail. … See our latest analysis for Postal Savings Bank of China
Simply Wall St - – Full articleLooking At Postal Savings Bank of China Co Ltd (HKG:1658) From All Angles
Postal Savings Bank of China Co Ltd (HKG:1658) is a company with exceptional fundamental characteristics. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Postal Savings Bank of China here
Simply Wall St - – Full articleIs Postal Savings Bank of China Co Ltd (HKG:1658) Highly Illiquid?
Postal Savings Bank of China Co Ltd (HKG:1658) is a large-cap stock operating in the financial services sector with a market capitalisation of HK$373.6b. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … View our latest analysis for Postal Savings Bank of China
Simply Wall St - – Full articleCompany Info
Description
Postal Savings Bank of China Co., Ltd. provides various banking products and services for retail and corporate customers in the People’s Republic of China. Its Personal Banking segment offers personal deposits; residential mortgage, and other personal consumer loans, personal business and micro loans, credit cards, overdrafts; debit and various bank cards; payment and collection agency services, and various settlement services; wealth management services; and life, property, health, and accident insurance products. This segment is also involved in the distribution of fund products, government savings bonds, asset management plans of securities companies, and precious metals. The company’s Corporate Banking segment provides time and demand deposits; working capital, fixed asset, trade finance, and corporate loans; settlement and cash management services; trade finance and international settlement services; underwriting, distribution, and debt advisory services for debt financing instruments, including short-term commercial papers, medium-term notes, private placement notes, asset-backed securities and debt financing plans; structured financing, M&A loans, and capital market and financial advisory services; and custody services. The Treasury segment trades in financial products comprising money market, fixed income, and foreign exchange products, as well as derivatives and precious metals; invests in debt securities and negotiable certificates of deposit, as well as wealth management products; and issues debt securities. This segment is also involved in the interbank financing and asset management businesses. The company also provides online, mobile, self-service, telephone, television, and micro-banking services. As of December 31, 2017, it had 39,798 outlets. The company was founded in 2007 and is headquartered in Beijing, the People’s Republic of China. Postal Savings Bank of China Co., Ltd. operates as a subsidiary of China Post Group Corporation.
Details
| Name: | Postal Savings Bank of China Co., Ltd. |
| 1658 | |
| Exchange: | SEHK |
| Founded: | 2007 |
| HK$382,464,309,280 | |
| 81,030,574,000 | |
| Website: | http://www.psbc.com |
| Address: |
Postal Savings Bank of China Co., Ltd. No. 3 Financial Street, Xicheng District, Beijing, 100808, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1658 | Foreign Shares - Foreigh Listaed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 28. Sep 2016 | |
| SHSC | 1658 | Foreign Shares - Foreigh Listaed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 28. Sep 2016 | |
| SZSC | 1658 | Foreign Shares - Foreigh Listaed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 28. Sep 2016 | |
| OTCPK | PSTV.Y | ADR | Pink Sheets LLC | US | USD | 22. Dec 2016 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 13:00 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/26 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
