| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
939 Stock Overview
China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.
Rewards
Risk Analysis
No risks detected for 939 from our risk checks.
China Construction Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$5.94 |
| 52 Week High | HK$6.74 |
| 52 Week Low | HK$5.03 |
| Beta | 0.68 |
| 1 Month Change | 10.82% |
| 3 Month Change | 11.45% |
| 1 Year Change | -1.98% |
| 3 Year Change | -14.41% |
| 5 Year Change | 2.41% |
| Change since IPO | 152.77% |
Recent News & Updates
China Construction Bank's (HKG:939) Shareholders Will Receive A Bigger Dividend Than Last Year
China Construction Bank Corporation ( HKG:939 ) has announced that it will be increasing its dividend on the 5th of...
Shareholder Returns
| 939 | HK Banks | HK Market | |
|---|---|---|---|
| 7D | 1.4% | 1.1% | -0.06% |
| 1Y | -2.0% | 1.3% | -15.0% |
Return vs Industry: 939 underperformed the Hong Kong Banks industry which returned 1.3% over the past year.
Return vs Market: 939 exceeded the Hong Kong Market which returned -15% over the past year.
Price Volatility
| 939 volatility | |
|---|---|
| 939 Average Weekly Movement | 2.0% |
| 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: 939 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 939's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1954 | 370,093 | Jiang Wang | https://www.ccb.com |
China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, Treasury Business, and Others segments. The company accepts various deposits, such as foreign currency, all in one accounts, RMB, corporate term and notification, and corporate demand deposits, as well corporate deposits by agreement.
China Construction Bank Fundamentals Summary
| 939 fundamental statistics | |
|---|---|
| Market Cap | CN¥1.21t |
| Earnings (TTM) | CN¥291.75b |
| Revenue (TTM) | CN¥618.22b |
4.1x
P/E Ratio0.5x
P/B RatioIs 939 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 939 income statement (TTM) | |
|---|---|
| Revenue | CN¥618.22b |
| Cost of Revenue | CN¥3.42b |
| Gross Profit | CN¥614.80b |
| Expenses | CN¥323.05b |
| Earnings | CN¥291.75b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.17 |
| Gross Margin | 99.45% |
| Net Profit Margin | 47.19% |
| Debt/Equity Ratio | 88.4% |
How did 939 perform over the long term?
See historical performance and comparisonDividends
6.8%
Current Dividend Yield28%
Payout RatioValuation
Is China Construction Bank undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 939 (HK$5.94) is trading below our estimate of fair value (HK$20.02)
Significantly Below Fair Value: 939 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 939 is good value based on its PE Ratio (4.1x) compared to the Hong Kong Banks industry average (6.2x).
PE vs Market: 939 is good value based on its PE Ratio (4.1x) compared to the Hong Kong market (8.9x).
Price to Earnings Growth Ratio
PEG Ratio: 939 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 939 is overvalued based on its PB Ratio (0.5x) compared to the HK Banks industry average (0.3x).
Future Growth
How is China Construction Bank forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 939's forecast earnings growth (8% per year) is above the savings rate (1.5%).
Earnings vs Market: 939's earnings (8% per year) are forecast to grow slower than the Hong Kong market (16.3% per year).
High Growth Earnings: 939's earnings are forecast to grow, but not significantly.
Revenue vs Market: 939's revenue (8.1% per year) is forecast to grow slower than the Hong Kong market (11.5% per year).
High Growth Revenue: 939's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 939's Return on Equity is forecast to be low in 3 years time (11.9%).
Past Performance
How has China Construction Bank performed over the past 5 years?
3.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 939 has high quality earnings.
Growing Profit Margin: 939's current net profit margins (47.2%) are higher than last year (47.2%).
Past Earnings Growth Analysis
Earnings Trend: 939's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: 939's earnings growth over the past year (19.9%) exceeds its 5-year average (3.6% per year).
Earnings vs Industry: 939 earnings growth over the past year (19.9%) exceeded the Banks industry 9.6%.
Return on Equity
High ROE: 939's Return on Equity (11.7%) is considered low.
Financial Health
How is China Construction 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
Financial Institutions Analysis
Asset Level: 939's Assets to Equity ratio (11.8x) is moderate.
Allowance for Bad Loans: 939 has a sufficient allowance for bad loans (228%).
Low Risk Liabilities: 87% of 939's liabilities are made up of primarily low risk sources of funding.
Loan Level: 939 has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: 939's Loans to Deposits ratio (74%) is appropriate.
Level of Bad Loans: 939 has an appropriate level of bad loans (1.5%).
Dividend
What is China Construction Bank current dividend yield, its reliability and sustainability?
6.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 939's dividend (6.75%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.38%).
High Dividend: 939's dividend (6.75%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).
Stability and Growth of Payments
Stable Dividend: 939's dividends per share have been stable in the past 10 years.
Growing Dividend: 939's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.8%), 939's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 939's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Jiang Wang (58 yo)
0.92
Tenure
Mr. Jiang Wang serves as President at China Construction Bank since February 2021. He serves as President at China Construction Bank Corporation since February 05, 2021 and has been its Executive Vice Chai...
Leadership Team
Experienced Management: 939's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
Experienced Board: 939's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Construction Bank Corporation's employee growth, exchange listings and data sources
Key Information
- Name: China Construction Bank Corporation
- Ticker: 939
- Exchange: SEHK
- Founded: 1954
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: HK$1.494t
- Shares outstanding: 250.01b
- Website: https://www.ccb.com
Number of Employees
Location
- China Construction Bank Corporation
- No. 25, Financial Street
- Xicheng District
- Beijing
- 100033
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 10:06 |
| End of Day Share Price | 2022/01/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.