SEHK:3866

Stock Analysis Report

Executive Summary

Bank of Qingdao Co., Ltd. provides various banking products and services in the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Risks

  • Bank of Qingdao is not covered by any analysts.

Share Price & News

How has Bank of Qingdao's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

SEHK:3866

0.2%

HK Banks

1.9%

HK Market


1 Year Return

8.0%

SEHK:3866

-15.2%

HK Banks

-10.4%

HK Market

3866 outperformed the Banks industry which returned -15.2% over the past year.

3866 outperformed the Market in Hong Kong which returned -10.4% over the past year.


Share holder returns

3866IndustryMarket
7 Day0.8%0.2%1.9%
30 Day-0.5%-8.3%-6.8%
90 Day3.8%-9.7%-4.2%
1 Year12.3%8.0%-10.8%-15.2%-7.2%-10.4%
3 Year42.8%28.2%11.4%-4.4%15.3%3.9%
5 Yearn/a20.4%-7.7%10.1%-8.1%

Price Volatility Vs. Market

How volatile is Bank of Qingdao's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank of Qingdao undervalued based on future cash flows and its price relative to the stock market?

15.68x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bank of Qingdao's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bank of Qingdao's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bank of Qingdao is overvalued based on earnings compared to the HK Banks industry average.

Bank of Qingdao is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Bank of Qingdao, we can't assess if its growth is good value.


Price Based on Value of Assets

Bank of Qingdao is overvalued based on assets compared to the HK Banks industry average.


Next Steps

Future Growth

How is Bank of Qingdao expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Bank of Qingdao is high growth as no revenue estimate data is available.

Bank of Qingdao's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Bank of Qingdao's revenue growth to the Hong Kong market average as no estimate data is available.

Bank of Qingdao's earnings growth is expected to exceed the Hong Kong market average.

Bank of Qingdao's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bank of Qingdao will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Bank of Qingdao performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank of Qingdao's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Bank of Qingdao's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Bank of Qingdao's 1-year earnings growth is negative, it can't be compared to the HK Banks industry average.


Return on Equity

Bank of Qingdao has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank of Qingdao used its assets less efficiently than the HK Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank of Qingdao improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Bank of Qingdao'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank of Qingdao has an acceptable proportion of non-loan assets held.

Bank of Qingdao has a sufficient allowance for bad loans.

Bank of Qingdao's liabilities are made up of primarily low risk sources of funding.

Bank of Qingdao's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank of Qingdao are broadly funded by customer deposits.

Bank of Qingdao has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Bank of Qingdao's current dividend yield, its reliability and sustainability?

3.36%

Current Dividend Yield


Dividend Yield and Payments Analysis

Bank of Qingdao's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.25%).

Bank of Qingdao's dividend is below the markets top 25% of dividend payers in Hong Kong (6.18%).

Whilst dividend payments have been stable, Bank of Qingdao has been paying a dividend for less than 10 years.

Bank of Qingdao has only been paying a dividend for 3 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bank of Qingdao's salary, the management and board of directors tenure and is there insider trading?

9.0yrs

Average management tenure


CEO

Lin Wang (56yo)

0.0yrs

Tenure

CN¥2,286,000

Compensation

Mr. Wang Lin has been President and Executive Director of Bank of Qingdao Co., Ltd. since March 31, 2012 and September 16, 2011, respectively. Mr. Wang has over 30 years of experience in banking operations ...


CEO Compensation Analysis

Lin's remuneration is lower than average for companies of similar size in Hong Kong.

Lin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.0yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Bank of Qingdao management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.3yrs

Average Tenure

55.5yo

Average Age

The tenure for the Bank of Qingdao board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Shaoquan Guo (57yo)

    Executive Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: CN¥2.46m
  • Lin Wang (56yo)

    President & Executive Director

    • Tenure: 0.0yrs
    • Compensation: CN¥2.29m
  • Fengjiang Yang (55yo)

    VP & Executive Director

    • Tenure: 7.3yrs
    • Compensation: CN¥1.72m
  • Lan Lu (55yo)

    Secretary to the Board & Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥1.65m
  • Bo Wang

    Head of the Planning & Finance Department

    • Tenure: 0.0yrs
  • Wing Sze Yu

    Joint Company Secretary

    • Tenure: 0.8yrs

Board Members

  • Kelvin Wong (59yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥182.00k
  • Yunjie Zhou (53yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥124.00k
  • Shaoquan Guo (57yo)

    Executive Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: CN¥2.46m
  • Lin Wang (56yo)

    President & Executive Director

    • Tenure: 0.0yrs
    • Compensation: CN¥2.29m
  • Fengjiang Yang (55yo)

    VP & Executive Director

    • Tenure: 7.3yrs
    • Compensation: CN¥1.72m
  • Hua Chen (52yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥188.00k
  • Lan Lu (55yo)

    Secretary to the Board & Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥1.65m
  • Qing Chen (60yo)

    Chief Supervisor

    • Tenure: 2.7yrs
  • Shuping Dai (59yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥188.00k
  • Qiaoling Fang (43yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥85.00k

Company Information

Bank of Qingdao Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Qingdao Co., Ltd.
  • Ticker: 3866
  • Exchange: SEHK
  • Founded: 1996
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: HK$28.957b
  • Shares outstanding: 4.51b
  • Website: https://www.qdccb.com

Number of Employees


Location

  • Bank of Qingdao Co., Ltd.
  • No. 6 Qinling Road
  • Laoshan District
  • Qingdao
  • Shandong Province
  • 266061
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3866SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2015
4BQDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2015
3866SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2015
2948SZSE (Shenzhen Stock Exchange)Domestic SharesCNCNYJan 2019
2948XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)Domestic SharesCNCNYJan 2019

Biography

Bank of Qingdao Co., Ltd. provides various banking products and services in the People’s Republic of China. It operates through three segments: Retail Banking, Corporate Banking, and Financial Market Busin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 13:01
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.