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CHIB

China Banking PSE:CHIB Stock Report

Last Price

₱26.90

Market Cap

₱72.4b

7D

0.2%

1Y

8.0%

Updated

25 Jun, 2022

Data

Company Financials
CHIB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends4/6

CHIB Stock Overview

China Banking Corporation, a commercial bank, provides various banking and financial products and services to individuals and business in the Philippines.

China Banking Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for China Banking
Historical stock prices
Current Share Price₱26.90
52 Week High₱28.10
52 Week Low₱23.75
Beta0.49
1 Month Change-0.19%
3 Month Change1.89%
1 Year Change8.03%
3 Year Change-2.00%
5 Year Change-20.84%
Change since IPO553.99%

Recent News & Updates

Shareholder Returns

CHIBPH BanksPH Market
7D0.2%-4.4%-1.7%
1Y8.0%0.6%-8.6%

Return vs Industry: CHIB exceeded the PH Banks industry which returned 0.6% over the past year.

Return vs Market: CHIB exceeded the PH Market which returned -8.6% over the past year.

Price Volatility

Is CHIB's price volatile compared to industry and market?
CHIB volatility
CHIB Average Weekly Movement1.9%
Banks Industry Average Movement3.9%
Market Average Movement5.2%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.1%

Stable Share Price: CHIB is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CHIB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192010,180William Whanghttps://www.chinabank.ph

China Banking Corporation, a commercial bank, provides various banking and financial products and services to individuals and business in the Philippines. It offers deposits and related services, such as savings, peso, and time deposits, as well as foreign currency accounts; credit cards and card advisory services; home, auto, and salary loans, as well as long and short-term working capital loans; and remittance status, money transfer, services advisory, and pay to cash services. The company also provides government securities and corporate bonds; unit investment trust funds, wealth management, escrow, and corporate trust services; life and non-life insurance services; stock brokerage services; foreign exchange and derivatives products, such as spot, forward, FX swap, cross currency swap, and interest rate swap; and import and export financing services.

China Banking Fundamentals Summary

How do China Banking's earnings and revenue compare to its market cap?
CHIB fundamental statistics
Market Cap₱72.40b
Earnings (TTM)₱16.40b
Revenue (TTM)₱40.97b

4.4x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHIB income statement (TTM)
Revenue₱40.97b
Cost of Revenue₱173.50m
Gross Profit₱40.80b
Other Expenses₱24.40b
Earnings₱16.40b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.09
Gross Margin99.58%
Net Profit Margin40.03%
Debt/Equity Ratio78.4%

How did CHIB perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

16%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CHIB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHIB?

Other financial metrics that can be useful for relative valuation.

CHIB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CHIB's PE Ratio compare to its peers?

CHIB PE Ratio vs Peers
The above table shows the PE ratio for CHIB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.9x

Price-To-Earnings vs Peers: CHIB is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (34.9x).


Price to Earnings Ratio vs Industry

How does CHIB's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: CHIB is good value based on its Price-To-Earnings Ratio (4.4x) compared to the PH Banks industry average (7.2x)


Price to Earnings Ratio vs Fair Ratio

What is CHIB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHIB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CHIB's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CHIB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHIB (₱26.9) is trading below our estimate of fair value (₱35.91)

Significantly Below Fair Value: CHIB is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CHIB's PEG Ratio to determine if it is good value.


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Future Growth

How is China Banking forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.4%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Banking has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether China Banking is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has China Banking performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHIB has a high level of non-cash earnings.

Growing Profit Margin: CHIB's current net profit margins (40%) are higher than last year (36.4%).


Past Earnings Growth Analysis

Earnings Trend: CHIB's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: CHIB's earnings growth over the past year (22.2%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: CHIB earnings growth over the past year (22.2%) underperformed the Banks industry 45.8%.


Return on Equity

High ROE: CHIB's Return on Equity (13.1%) is considered low.


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Financial Health

How is China Banking's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CHIB's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: CHIB has a low allowance for bad loans (84%).

Low Risk Liabilities: 88% of CHIB's liabilities are made up of primarily low risk sources of funding.

Loan Level: CHIB has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: CHIB's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: CHIB has a high level of bad loans (3%).


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Dividend

What is China Banking current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CHIB's dividend (3.72%) is higher than the bottom 25% of dividend payers in the PH market (1.54%).

High Dividend: CHIB's dividend (3.72%) is low compared to the top 25% of dividend payers in the PH market (4.97%).


Stability and Growth of Payments

Stable Dividend: CHIB's dividends per share have been stable in the past 10 years.

Growing Dividend: CHIB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.4%), CHIB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

William Whang (62 yo)

4.58yrs

Tenure

₱6,421,600

Compensation

Mr. William C. Whang has been President, Chief Executive Officer and Executive Director of China Banking Corporation since November 1, 2017 and serves as an Executive Director. Mr. Whang served as Chief Op...


Leadership Team

Experienced Management: CHIB's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CHIB's board of directors are seasoned and experienced ( 13.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CHIB 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

China Banking Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: China Banking Corporation
  • Ticker: CHIB
  • Exchange: PSE
  • Founded: 1920
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₱72.396b
  • Shares outstanding: 2.69b
  • Website: https://www.chinabank.ph

Number of Employees


Location

  • China Banking Corporation
  • China Bank Building
  • 8745 Paseo de Roxas corner Villar Street
  • Makati City
  • 1226
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.