OTCPK:CRCB.Y

Stock Analysis Report

Chongqing Rural Commercial Bank

Executive Summary

Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related financial services 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 Chongqing Rural Commercial Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Information is not available.


Market Performance


7 Day Return

0%

CRCB.Y

0.3%

US Banks

-0.2%

US Market


1 Year Return

n/a

CRCB.Y

10.7%

US Banks

16.1%

US Market

Return vs Industry: Insufficient data to determine how CRCB.Y performed against the US Banks industry.

Return vs Market: Insufficient data to determine how CRCB.Y performed against the US Market.


Shareholder returns

CRCB.YIndustryMarket
7 Day0%0.3%-0.2%
30 Day0%3.7%3.7%
90 Day0%18.8%8.5%
1 Yearn/a14.0%10.7%18.7%16.1%
3 Yearn/a37.2%27.6%46.9%37.4%
5 Yearn/a71.0%52.1%61.8%44.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Chongqing Rural Commercial 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: CRCB.Y ($25.99) is trading below our estimate of fair value ($74.52)

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


Price To Earnings Ratio

PE vs Industry: CRCB.Y is good value based on its PE Ratio (3.9x) compared to the Banks industry average (12.6x).

PE vs Market: CRCB.Y is good value based on its PE Ratio (3.9x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: CRCB.Y is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: CRCB.Y is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Chongqing Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRCB.Y's forecast earnings growth (6.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CRCB.Y's earnings (6.2% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: CRCB.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRCB.Y's revenue (11.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CRCB.Y's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRCB.Y's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

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

8.2%

Historical annual earnings growth


Earnings and Revenue History

Information is not available.

Information is not available.


Past Earnings Growth Analysis

Earnings Trend: CRCB.Y's earnings have grown by 8.2% per year over the past 5 years.

Accelerating Growth: CRCB.Y's earnings growth over the past year (8.7%) exceeds its 5-year average (8.2% per year).

Earnings vs Industry: CRCB.Y earnings growth over the past year (8.7%) underperformed the Banks industry 27.3%.


Return on Equity

High ROE: CRCB.Y's Return on Equity (13.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Chongqing 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

Inventory Level: CRCB.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: CRCB.Y's debt is covered by short term assets (assets are 1.3x debt).


Financial Institutions Analysis

Asset Level: CRCB.Y's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CRCB.Y has a sufficient allowance for bad loans.

Low Risk Liabilities: CRCB.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: CRCB.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CRCB.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: CRCB.Y has an appropriate level of bad loans (1.25%)


Next Steps

Dividend

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

5.18%

Current Dividend Yield


Dividend Yield vs Market

company5.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years5.6%

Current dividend yield vs market & industry

Notable Dividend: CRCB.Y's dividend (5.18%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CRCB.Y's dividend (5.18%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CRCB.Y has been paying a dividend for less than 10 years.

Growing Dividend: CRCB.Y's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.1%), CRCB.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRCB.Y's dividends in 3 years are forecast to be well covered by earnings (21.5% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Wenhui Xie (46yo)

0yrs

Tenure

CN¥908,000

Compensation

Mr. Wenhui Xie has serves as President and deputy Secretary to the Party Committee of Chongqing Rural Commercial Bank Co., Ltd. (“Bank”) since December 2013. Mr. Xie has been an Executive Director of Chong ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Wenhui's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

51yo

Average Age

Experienced Management: CRCB.Y's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CRCB.Y's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Information is not available.


Management Team

  • Jianzhong Liu (56yo)

    Chairman of the Board

    • Tenure: 11.3yrs
    • Compensation: CN¥796.00k
  • Wenhui Xie (46yo)

    President & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥908.00k
  • Yi Zheng (54yo)

    GM of Credit Approval Department & Employee Representative Supervisor

    • Tenure: 7.9yrs
    • Compensation: CN¥1.29m
  • Yuzhou Zhu (54yo)

    Director of Security Monitoring Department & Employee Representative Supervisor

    • Tenure: 7.9yrs
    • Compensation: CN¥988.00k
  • Jiangqiao Liu (48yo)

    VP & Secretary of the Board

    • Tenure: 3.1yrs
  • Peizong Zhang (44yo)

    Executive Director

    • Tenure: 0.8yrs
    • Compensation: CN¥357.00k
  • Xin Gao

    IR Officer

    • Tenure: 0yrs
  • Wai Ha Chu

    Company Secretary

    • Tenure: 0.9yrs

Board Members

  • Jianzhong Liu (56yo)

    Chairman of the Board

    • Tenure: 11.3yrs
    • Compensation: CN¥796.00k
  • Honghai Wen (54yo)

    Non-Executive Director

    • Tenure: 11.3yrs
    • Compensation: CN¥90.00k
  • Wenhui Xie (46yo)

    President & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥908.00k
  • Yi Zheng (54yo)

    GM of Credit Approval Department & Employee Representative Supervisor

    • Tenure: 7.9yrs
    • Compensation: CN¥1.29m
  • Yuzhou Zhu (54yo)

    Director of Security Monitoring Department & Employee Representative Supervisor

    • Tenure: 7.9yrs
    • Compensation: CN¥988.00k
  • Qinghua Song (53yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥180.00k
  • Zengting Yuan (43yo)

    Independent Non-Executive Director

    • Tenure: 5yrs
    • Compensation: CN¥180.00k
  • Guohua Cao (52yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: CN¥180.00k
  • Peizong Zhang (44yo)

    Executive Director

    • Tenure: 0.8yrs
    • Compensation: CN¥357.00k
  • Qiaoyun Zhang (56yo)

    Independent Non Executive Director

    • Tenure: 0.8yrs

Company Information

Chongqing Rural Commercial Bank Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chongqing Rural Commercial Bank Co., Ltd.
  • Ticker: CRCB.Y
  • Exchange: OTCPK
  • Founded: 1951
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: HK$42.800b
  • Listing Market Cap: HK$5.456b
  • Shares outstanding: 10.00b
  • Website: https://www.cqrcb.com

Location

  • Chongqing Rural Commercial Bank Co., Ltd.
  • No. 36 Jinshamen Road
  • Jiangbei District
  • Chongqing
  • 400023
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3618SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2010
C3BDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2010
3618SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2010
COGQ.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDDec 2010
3618SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2010
CRCB.YOTCPK (Pink Sheets LLC)ADRUSUSDJul 2012

Biography

Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related financial services in the People’s Republic of China. It operates in three segments: Corpo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:23
End of Day Share Price2019/07/18 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.