Chongqing Rural Commercial Bank
Market Cap
US$5.5b
Last Updated
2019/10/16 00:23 UTC
Data Sources
Company Financials +
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.Y | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.3% | -0.2% |
| 30 Day | 0% | 3.7% | 3.7% |
| 90 Day | 0% | 18.8% | 8.5% |
| 1 Year | n/a | 14.0%10.7% | 18.7%16.1% |
| 3 Year | n/a | 37.2%27.6% | 46.9%37.4% |
| 5 Year | n/a | 71.0%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
7 months ago | Simply Wall St
How Does Chongqing Rural Commercial Bank Co., Ltd. (OTCPK:CRCB.Y) Fare As A Dividend Stock?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).
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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%).
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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
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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%)
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Dividend
What is Chongqing Rural Commercial Bank's current dividend yield, its reliability and sustainability?
5.18%
Current Dividend Yield
Dividend Yield vs Market
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).
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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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3618 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2010 |
| C3B | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Dec 2010 |
| 3618 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2010 |
| COGQ.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Dec 2010 |
| 3618 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2010 |
| CRCB.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 00:23 |
| End of Day Share Price | 2019/07/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.