SEHK:6122

Stock Analysis Report

Jilin Jiutai Rural Commercial Bank

Executive Summary

Jilin Jiutai Rural Commercial Bank Corporation Limited provides commercial banking and related financial services to personal, corporate, and small business customers in China.

Snowflake

Fundamentals

Flawless balance sheet unattractive dividend payer.

Risks

  • Jilin Jiutai Rural Commercial Bank is not covered by any analysts.

Similar Companies

Share Price & News

How has Jilin Jiutai Rural Commercial Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.9%

SEHK:6122

0.2%

HK Banks

1.9%

HK Market


1 Year Return

-9.8%

SEHK:6122

-15.2%

HK Banks

-10.5%

HK Market

6122 outperformed the Banks industry which returned -15.3% over the past year.

6122 outperformed the Market in Hong Kong which returned -11.1% over the past year.


Share holder returns

6122IndustryMarket
7 Day3.9%0.2%1.9%
30 Day8.4%-8.4%-7.1%
90 Day16.7%-10.2%-4.5%
1 Year-3.7%-9.8%-10.8%-15.2%-7.3%-10.5%
3 Yearn/a11.3%-4.4%15.1%3.7%
5 Yearn/a20.4%-7.7%9.9%-8.3%

Price Volatility Vs. Market

How volatile is Jilin Jiutai Rural Commercial Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jilin Jiutai Rural Commercial Bank undervalued based on future cash flows and its price relative to the stock market?

18%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Jilin Jiutai Rural Commercial Bank's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Jilin Jiutai Rural Commercial Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Jilin Jiutai Rural Commercial Bank is overvalued based on earnings compared to the HK Banks industry average.

Jilin Jiutai Rural Commercial Bank is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Jilin Jiutai Rural Commercial Bank, we can't assess if its growth is good value.


Price Based on Value of Assets

Jilin Jiutai Rural Commercial Bank is overvalued based on assets compared to the HK Banks industry average.


Next Steps

Future Growth

How is Jilin Jiutai Rural Commercial Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Jilin Jiutai Rural Commercial Bank is high growth as no revenue estimate data is available.

Jilin Jiutai Rural Commercial Bank's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Jilin Jiutai Rural Commercial Bank's revenue growth to the Hong Kong market average as no estimate data is available.

Jilin Jiutai Rural Commercial Bank's earnings growth is positive but not above the Hong Kong market average.

Jilin Jiutai Rural Commercial Bank'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 Jilin Jiutai Rural Commercial Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Jilin Jiutai Rural Commercial Bank performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Jilin Jiutai Rural Commercial Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Jilin Jiutai Rural Commercial Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Jilin Jiutai Rural Commercial Bank's 1-year earnings growth is negative, it can't be compared to the HK Banks industry average.


Return on Equity

Jilin Jiutai Rural Commercial Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Jilin Jiutai Rural Commercial Bank 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 Jilin Jiutai Rural Commercial Bank 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 Jilin Jiutai 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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Jilin Jiutai Rural Commercial Bank has an acceptable proportion of non-loan assets held.

Jilin Jiutai Rural Commercial Bank has a sufficient allowance for bad loans.

Jilin Jiutai Rural Commercial Bank's liabilities are made up of primarily low risk sources of funding.

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

Loans at Jilin Jiutai Rural Commercial Bank are broadly funded by customer deposits.

Jilin Jiutai Rural Commercial Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Jilin Jiutai Rural Commercial Bank's current dividend yield, its reliability and sustainability?

5.45%

Current Dividend Yield


Dividend Yield and Payments Analysis

Jilin Jiutai Rural Commercial Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.27%).

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

Jilin Jiutai Rural Commercial Bank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Jilin Jiutai Rural Commercial Bank has only been paying a dividend for 2 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x 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 Jilin Jiutai Rural Commercial Bank's salary, the management and board of directors tenure and is there insider trading?

6.7yrs

Average management tenure


CEO

Bing Gao (51yo)

0.0yrs

Tenure

CN¥2,653,000

Compensation

Mr. Bing Gao serves as the Chief Executive Officer of Jilin Jiutai Rural Commercial Bank Co., Ltd. and has been its Chairman since December 2008. From June 1990 to September 2001, Mr. Gao held a number of  ...


CEO Compensation Analysis

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

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


Management Age and Tenure

6.7yrs

Average Tenure

51yo

Average Age

The average tenure for the Jilin Jiutai Rural Commercial Bank management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.5yrs

Average Tenure

53yo

Average Age

The tenure for the Jilin Jiutai Rural Commercial Bank board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellCN¥71,831,57017 May 19
Xintong Cui
EntityIndividual
Shares23,423,400
Max PriceCN¥3.07
SellCN¥138,943,79016 May 19
Xintong Cui
EntityIndividual
Shares45,591,000
Max PriceCN¥3.05
BuyCN¥214,494,60509 Apr 19
Xintong Cui
EntityIndividual
Shares45,591,000
Max PriceCN¥4.70
SellCN¥66,000,00229 Mar 19
Wei Zhang
EntityIndividual
Shares21,000,000
Max PriceCN¥3.14
SellCN¥214,494,60529 Mar 19
Ground International Development Limited
EntityCompany
Shares45,591,000
Max PriceCN¥4.70
BuyCN¥6,432,79326 Mar 19
Wei Zhang
EntityIndividual
Shares2,100,000
Max PriceCN¥3.06
SellCN¥8,000,00001 Feb 19
Wei Zhang
EntityIndividual
Shares2,100,000
Max PriceCN¥3.81
SellCN¥40,000,02330 Jan 19
Wei Zhang
EntityIndividual
Shares10,500,000
Max PriceCN¥3.81

Ownership Breakdown


Management Team

  • Pete Lau (34yo)

    Joint Company Secretary

    • Tenure: 1.3yrs
  • Chunyu Yuan (47yo)

    Joint Company Secretary

    • Tenure: 6.7yrs
    • Compensation: CN¥1.65m
  • Bing Gao (51yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: CN¥2.65m
  • Haishan Zhang (54yo)

    President

    • Tenure: 10.7yrs
  • Xiangmin Liang (53yo)

    COO, VP & Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥1.65m
  • Hailiang Zhang

    Head of Accounting Department

    • Tenure: 7.6yrs

Board Members

  • Wing Yin Chung (42yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: CN¥273.00k
  • Chunyu Yuan (47yo)

    Joint Company Secretary

    • Tenure: 6.7yrs
    • Compensation: CN¥1.65m
  • Bing Gao (51yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: CN¥2.65m
  • Shujun Wu (60yo)

    Non-Executive Director

    • Tenure: 6.7yrs
  • Xinyou Zhang (53yo)

    Non-Executive Director

    • Tenure: 6.7yrs
  • Baocheng Wang (63yo)

    Non-Executive Director

    • Tenure: 3.3yrs
  • Yusheng Zhang (69yo)

    Non-Executive Director

    • Tenure: 4.3yrs
  • Jinguan Yang (56yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥100.00k
  • Hui Luo (47yo)

    Chairman of Board of Supervisors

    • Tenure: 10.7yrs
  • Xiangmin Liang (53yo)

    COO, VP & Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥1.65m

Company Information

Jilin Jiutai Rural Commercial Bank Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jilin Jiutai Rural Commercial Bank Corporation Limited
  • Ticker: 6122
  • Exchange: SEHK
  • Founded: 2008
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: HK$14.560b
  • Shares outstanding: 4.18b
  • Website: https://www.jtnsh.com

Number of Employees


Location

  • Jilin Jiutai Rural Commercial Bank Corporation Limited
  • No. 2559 Wei Shan Road
  • High-tech Zone
  • Changchun
  • Jilin Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6122SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJan 2017
2JJDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJan 2017

Biography

Jilin Jiutai Rural Commercial Bank Corporation Limited provides commercial banking and related financial services to personal, corporate, and small business customers in China. The company operates through ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 13:09
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
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.