OTCPK:CGMB.F

Stock Analysis Report

China Minsheng Banking

Executive Summary

China Minsheng Banking Corp., Ltd. provides various financial products and services to individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China.

Snowflake

Fundamentals

Very undervalued with flawless balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has China Minsheng Banking's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.8%

OTCPK:CGMB.F

-2.6%

US Banks

-1.0%

US Market


1 Year Return

n/a

OTCPK:CGMB.F

-14.2%

US Banks

-0.4%

US Market

No trading data on CGMB.F.

No trading data on CGMB.F.


Share holder returns

CGMB.FIndustryMarket
7 Day-3.8%-2.6%-1.0%
30 Day-10.0%-6.3%-3.3%
90 Dayn/a-3.5%0.8%
1 Yearn/a-11.8%-14.2%1.9%-0.4%
3 Year-38.6%-38.6%42.2%32.4%39.4%30.4%
5 Yearn/a53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is China Minsheng Banking's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Minsheng Banking undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

China Minsheng Banking's share price is below the future cash flow value, and at a moderate discount (> 20%).

China Minsheng Banking's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

China Minsheng Banking is good value based on earnings compared to the US Banks industry average.

China Minsheng Banking is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

China Minsheng Banking is good value based on expected growth next year.


Price Based on Value of Assets

China Minsheng Banking is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is China Minsheng Banking expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

China Minsheng Banking's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).

China Minsheng Banking's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

China Minsheng Banking's revenue growth is expected to exceed the United States of America market average.

China Minsheng Banking's earnings growth is positive but not above the United States of America market average.

China Minsheng Banking's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

China Minsheng Banking is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has China Minsheng Banking performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Minsheng Banking's year on year earnings growth rate has been positive over the past 5 years.

China Minsheng Banking's 1-year earnings growth is less than its 5-year average (1.2% vs 3%)

China Minsheng Banking's earnings growth has not exceeded the US Banks industry average in the past year (1.2% vs 33.2%).


Return on Equity

China Minsheng Banking has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

China Minsheng Banking used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if China Minsheng Banking 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 China Minsheng Banking'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

China Minsheng Banking has an acceptable proportion of non-loan assets held.

China Minsheng Banking has a sufficient allowance for bad loans.

China Minsheng Banking's liabilities are made up of primarily low risk sources of funding.

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

Loans at China Minsheng Banking are broadly funded by customer deposits.

China Minsheng Banking has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

5.34%

Expected Dividend Yield


Dividend Yield and Payments Analysis

China Minsheng Banking's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

China Minsheng Banking's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

What is the CEO of China Minsheng Banking's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average management tenure


CEO

Wanchun Zheng (55yo)

3.8yrs

Tenure

Mr. Wanchun Zheng has been the President of China Minsheng Banking Corp. Ltd. since November 19, 2015 and has been its Executive Director since February 01, 2016. Mr. Zheng served as Senior Executive Vice  ...


CEO Compensation Analysis

Wanchun's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Wanchun to compare compensation growth.


Management Age and Tenure

5.4yrs

Average Tenure

56yo

Average Age

The average tenure for the China Minsheng Banking management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.8yrs

Average Tenure

59yo

Average Age

The tenure for the China Minsheng Banking board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$1,525,79003 Oct 18
BlackRock, Inc.
EntityCompany
Shares2,053,500
Max PriceUS$0.74

Ownership Breakdown


Management Team

  • Qiong Chen (56yo)

    Executive Vice President

    • Tenure: 1.2yrs
  • Qi Hong (62yo)

    Chairman of the Board

  • Bin Li (52yo)

    Executive Vice President

    • Tenure: 7.0yrs
  • Yunshan Lin (49yo)

    Executive Vice President

    • Tenure: 7.0yrs
  • Hongri Huang

    President of Nanning Branch

  • Dan Bai (56yo)

    CFO & Board Secretary

    • Tenure: 7.3yrs
  • Qinghua Hu (56yo)

    Executive VP & Chief Risk Officer

    • Tenure: 2.5yrs
  • Ouyang Yong (56yo)

    Assistant President

    • Tenure: 1.3yrs
  • Wanchun Zheng (55yo)

    President & Executive Director

    • Tenure: 3.8yrs
  • Jie Shi (54yo)

    Executive Vice President

    • Tenure: 7.0yrs

Board Members

  • Qi Hong (62yo)

    Chairman of the Board

    • Tenure: 5.0yrs
  • Yonghao Liu (68yo)

    Vice Chairman of the Board

    • Tenure: 10.4yrs
  • Ningyu Liu (50yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
  • Hancheng Li (56yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
  • Juntong Zhang (45yo)

    Chairman of the Supervisory Board

  • Wanchun Zheng (55yo)

    President & Executive Director

    • Tenure: 3.8yrs
  • Xuefeng Peng (57yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
  • Zhichun Xie (61yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
  • Hong Wei Zhang (65yo)

    Vice Chairman of the Board

    • Tenure: 19.3yrs
  • Zhiqiang Lu (68yo)

    Vice Chairman of the Board

    • Tenure: 13.1yrs

Company Information

China Minsheng Banking Corp., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Minsheng Banking Corp., Ltd.
  • Ticker: CGMB.F
  • Exchange: OTCPK
  • Founded: 1996
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: CN¥242.347b
  • Listing Market Cap: CN¥34.413b
  • Shares outstanding: 43.78b
  • Website: Click here

Number of Employees


Location

  • China Minsheng Banking Corp., Ltd.
  • No. 2 Fuxingmennei Avenue
  • Xicheng District
  • Beijing
  • 100031
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600016SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYDec 2000
600016XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYDec 2000
1988SEHK (The Stock Exchange of Hong Kong Ltd.)Foreign Shares-Foreign ListedHKHKDNov 2009
CMAK.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDApr 2010
CGMB.FOTCPK (Pink Sheets LLC)Foreign Shares-Foreign ListedUSUSDNov 2009
GHFHDB (Deutsche Boerse AG)Foreign Shares-Foreign ListedDEEURNov 2009
1988SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)Foreign Shares-Foreign ListedHKHKDNov 2009
1988SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)Foreign Shares-Foreign ListedHKHKDNov 2009

Biography

China Minsheng Banking Corp., Ltd. provides various financial products and services to individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:41
End of Day Share Price2019/08/15 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.