Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Postal Savings Bank of China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1658 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 1658's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
19.2%
1658
3.7%
HK Banks
2.2%
HK Market
1 Year Return
-0.8%
1658
-12.2%
HK Banks
7.5%
HK Market
Return vs Industry: 1658 exceeded the Hong Kong Banks industry which returned -13.3% over the past year.
Return vs Market: 1658 underperformed the Hong Kong Market which returned 7.5% over the past year.
Shareholder returns
| 1658 | Industry | Market | |
|---|---|---|---|
| 7 Day | 19.2% | 3.7% | 2.2% |
| 30 Day | 23.4% | 7.5% | 9.4% |
| 90 Day | 44.4% | 13.0% | 15.8% |
| 1 Year | 4.0%-0.8% | -6.8%-12.2% | 11.8%7.5% |
| 3 Year | 25.0%9.8% | -19.2%-31.2% | -3.5%-13.6% |
| 5 Year | n/a | 46.6%11.3% | 65.0%37.0% |
Long-Term Price Volatility Vs. Market
How volatile is Postal Savings Bank of China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Much Did Postal Savings Bank of China's(HKG:1658) Shareholders Earn From Share Price Movements Over The Last Year?2 months ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Postal Savings Bank of China Co., Ltd. (HKG:1658)4 months ago | Simply Wall St
Postal Savings Bank of China (HKG:1658) Share Prices Have Dropped 15% In The Last YearValuation
Is Postal Savings Bank of China undervalued compared to its fair value and its price relative to the market?
46.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1658 (HK$5.27) is trading below our estimate of fair value (HK$9.83)
Significantly Below Fair Value: 1658 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1658 is poor value based on its PE Ratio (6.6x) compared to the HK Banks industry average (6.4x).
PE vs Market: 1658 is good value based on its PE Ratio (6.6x) compared to the Hong Kong market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: 1658 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 1658 is overvalued based on its PB Ratio (0.6x) compared to the HK Banks industry average (0.4x).
Next Steps
Future Growth
How is Postal Savings Bank of China forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
11.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1658's forecast earnings growth (11.3% per year) is above the savings rate (1.5%).
Earnings vs Market: 1658's earnings (11.3% per year) are forecast to grow slower than the Hong Kong market (20.9% per year).
High Growth Earnings: 1658's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1658's revenue (11% per year) is forecast to grow slower than the Hong Kong market (14% per year).
High Growth Revenue: 1658's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1658's Return on Equity is forecast to be low in 3 years time (11.1%).
Next Steps
Past Performance
How has Postal Savings Bank of China performed over the past 5 years?
11.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1658 has high quality earnings.
Growing Profit Margin: 1658's current net profit margins (25.2%) are lower than last year (26.7%).
Past Earnings Growth Analysis
Earnings Trend: 1658's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: 1658's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1658 had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the Banks industry average (-7.2%).
Return on Equity
High ROE: 1658's Return on Equity (9.1%) is considered low.
Next Steps
Financial Health
How is Postal Savings 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
Financial Institutions Analysis
Asset Level: 1658's Assets to Equity ratio (16.9x) is moderate.
Allowance for Bad Loans: 1658 has a sufficient allowance for bad loans (402%).
Low Risk Liabilities: 96% of 1658's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1658 has an appropriate level of Loans to Assets ratio (49%).
Low Risk Deposits: 1658's Loans to Deposits ratio (54%) is appropriate.
Level of Bad Loans: 1658 has an appropriate level of bad loans (0.9%).
Next Steps
Dividend
What is Postal Savings Bank of China current dividend yield, its reliability and sustainability?
4.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1658's dividend (4.78%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.11%).
High Dividend: 1658's dividend (4.78%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.67%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1658 has been paying a dividend for less than 10 years.
Growing Dividend: 1658's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.6%), 1658's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1658's dividends in 3 years are forecast to be well covered by earnings (30.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Postal Savings Bank of China has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice President | 8yrs | CN¥560.40k | no data | |
| Vice President | 8yrs | CN¥560.40k | no data | |
| Vice President | 8yrs | CN¥560.40k | no data | |
| VP & Executive Director | 8yrs | CN¥584.00k | no data | |
| VP & Executive Director | 4.42yrs | CN¥561.00k | no data | |
| Chief Risk Officer | 0.92yr | no data | no data | |
| VP & Joint Company Secretary | 3.83yrs | CN¥502.10k | no data | |
| Secretary to the Party Discipline Committee | 4yrs | CN¥536.00k | no data | |
| Chief Information Officer | 1yr | no data | no data |
6.0yrs
Average Tenure
54yo
Average Age
Experienced Management: 1658's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| VP & Executive Director | 8yrs | CN¥584.00k | no data | |
| VP & Executive Director | 4.42yrs | CN¥561.00k | no data | |
| Independent Non-Executive Director | 1.25yrs | CN¥31.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥300.00k | no data | |
| Independent Non-Executive Director | 1.25yrs | CN¥53.00k | no data | |
| Non-Executive Director | 3.25yrs | no data | no data | |
| Non-Executive Chairman | 1.67yrs | no data | no data | |
| Chairman of the Board of Supervisors | 8yrs | no data | no data | |
| External Supervisor | 4.67yrs | no data | no data | |
| Non-Executive Director | 3.08yrs | no data | no data | |
| Independent Non-Executive Director | 3.25yrs | CN¥300.00k | no data | |
| Non-Executive Director | 3.67yrs | no data | no data |
3.5yrs
Average Tenure
54yo
Average Age
Experienced Board: 1658's board of directors are considered experienced (3.5 years average tenure).
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
Postal Savings Bank of China Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Postal Savings Bank of China Co., Ltd.
- Ticker: 1658
- Exchange: SEHK
- Founded: 2007
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: HK$498.661b
- Shares outstanding: 86.98b
- Website: https://www.psbc.com
Number of Employees
Location
- Postal Savings Bank of China Co., Ltd.
- No. 3 Financial Street
- Xicheng District
- Beijing
- Beijing Province
- 100808
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1658 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| 1658 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| 1658 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| PSTV.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Dec 2016 | |
| 3YB0 | DB (Deutsche Boerse AG) | UNSPONSORED ADR | DE | EUR | Dec 2016 | |
| 601658 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Dec 2019 | |
| 601658 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Dec 2019 |
Biography
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 savings produ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 10:15 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.