3618 Stock Overview
Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related financial services in the People’s Republic of China.
No risks detected for 3618 from our risk checks.
Chongqing Rural Commercial Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$2.89|
|52 Week High||HK$3.70|
|52 Week Low||HK$2.59|
|1 Month Change||7.04%|
|3 Month Change||4.71%|
|1 Year Change||-15.99%|
|3 Year Change||-35.35%|
|5 Year Change||-40.04%|
|Change since IPO||-44.42%|
Recent News & Updates
|3618||HK Banks||HK Market|
Return vs Industry: 3618 underperformed the Hong Kong Banks industry which returned 1.3% over the past year.
Return vs Market: 3618 underperformed the Hong Kong Market which returned -15% over the past year.
|3618 Average Weekly Movement||2.3%|
|Banks Industry Average Movement||2.5%|
|Market Average Movement||6.7%|
|10% most volatile stocks in HK Market||13.1%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 3618 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 3618's weekly volatility (2%) has been stable over the past year.
About the Company
Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related financial services in the People’s Republic of China. It operates in three segments: Corporate Banking, Personal Banking, and Financial Market Operations. The Corporate Banking segment offers financial products and services, including deposit takings, corporate loans, trade financing, financial leasing, and other corporate intermediary services to corporations, government agencies, and financial institutions.
Chongqing Rural Commercial Bank Fundamentals Summary
|3618 fundamental statistics|
Is 3618 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3618 income statement (TTM)|
|Cost of Revenue||CN¥0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.83|
|Net Profit Margin||48.07%|
How did 3618 perform over the long term?See historical performance and comparison
9.3%Current Dividend Yield
Is Chongqing Rural Commercial Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3618 (HK$2.89) is trading below our estimate of fair value (HK$16.38)
Significantly Below Fair Value: 3618 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3618 is good value based on its PE Ratio (2.8x) compared to the Hong Kong Banks industry average (6.2x).
PE vs Market: 3618 is good value based on its PE Ratio (2.8x) compared to the Hong Kong market (8.9x).
Price to Earnings Growth Ratio
PEG Ratio: 3618 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 3618's PB Ratio (0.3x) is in line with the HK Banks industry average.
How is Chongqing Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3618's forecast earnings growth (7.5% per year) is above the savings rate (1.5%).
Earnings vs Market: 3618's earnings (7.5% per year) are forecast to grow slower than the Hong Kong market (16.3% per year).
High Growth Earnings: 3618's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3618's revenue (13% per year) is forecast to grow faster than the Hong Kong market (11.5% per year).
High Growth Revenue: 3618's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3618's Return on Equity is forecast to be low in 3 years time (9.7%).
How has Chongqing Rural Commercial Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3618 has high quality earnings.
Growing Profit Margin: 3618's current net profit margins (48.1%) are higher than last year (45.2%).
Past Earnings Growth Analysis
Earnings Trend: 3618's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: 3618's earnings growth over the past year (5.4%) exceeds its 5-year average (2.3% per year).
Earnings vs Industry: 3618 earnings growth over the past year (5.4%) underperformed the Banks industry 9.6%.
Return on Equity
High ROE: 3618's Return on Equity (9%) is considered low.
How is Chongqing Rural Commercial Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 3618's Assets to Equity ratio (11.8x) is moderate.
Allowance for Bad Loans: 3618 has a sufficient allowance for bad loans (312%).
Low Risk Liabilities: 69% of 3618's liabilities are made up of primarily low risk sources of funding.
Loan Level: 3618 has an appropriate level of Loans to Assets ratio (44%).
Low Risk Deposits: 3618's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: 3618 has an appropriate level of bad loans (1.3%).
What is Chongqing Rural Commercial Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3618's dividend (9.3%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.38%).
High Dividend: 3618's dividend (9.3%) is in the top 25% of dividend payers in the Hong Kong market (7.06%)
Stability and Growth of Payments
Stable Dividend: 3618's dividends per share have been stable in the past 10 years.
Growing Dividend: 3618's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.8%), 3618's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3618's dividends in 3 years are forecast to be well covered by earnings (27.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wenhui Xie (48 yo)
Mr. Wenhui Xie has serves as President and deputy Secretary to the Party Committee of Chongqing Rural Commercial Bank Co., Ltd. (“Bank”) since December 2013. Mr. Xie has been an Executive Director of Chong...
CEO Compensation Analysis
Compensation vs Market: Wenhui's total compensation ($USD70.47K) is below average for companies of similar size in the Hong Kong market ($USD691.77K).
Compensation vs Earnings: Wenhui's compensation has been consistent with company performance over the past year.
Experienced Management: 3618's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: 3618's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chongqing Rural Commercial Bank Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Chongqing Rural Commercial Bank Co., Ltd.
- Ticker: 3618
- Exchange: SEHK
- Founded: 1951
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: HK$49.600b
- Shares outstanding: 11.36b
- Website: https://www.cqrcb.com
Number of Employees
- Chongqing Rural Commercial Bank Co., Ltd.
- No. 36 Jinshamen Road
- Jiangbei District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 10:04|
|End of Day Share Price||2022/01/26 00:00|
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.