OTCPK:CRCB.Y

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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. More Details


Snowflake Analysis

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

Stable Share Price: Insufficient data to determine CRCB.Y's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CRCB.Y's volatility change over the past year.


Market Performance


7 Day Return

0%

CRCB.Y

-0.7%

US Banks

-0.5%

US Market


1 Year Return

n/a

CRCB.Y

-21.9%

US Banks

18.3%

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%-0.7%-0.5%
30 Dayn/a10.1%3.6%
90 Dayn/a12.4%5.6%
1 Yearn/a-19.1%-21.9%21.0%18.3%
3 Yearn/a-4.4%-12.4%45.2%35.6%
5 Yearn/a29.2%13.1%89.8%68.8%

Long-Term 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

No news available

Valuation

Is Chongqing Rural Commercial Bank undervalued compared to its fair value and its price relative to the market?

46.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRCB.Y ($22.01) is trading below our estimate of fair value ($41.46)

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 (3.4x) compared to the US Banks industry average (11.2x).

PE vs Market: CRCB.Y is good value based on its PE Ratio (3.4x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CRCB.Y is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CRCB.Y is good value based on its PB Ratio (0.3x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is Chongqing Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRCB.Y's forecast earnings growth (7.9% per year) is above the savings rate (2.2%).

Earnings vs Market: CRCB.Y's earnings (7.9% per year) are forecast to grow slower than the US market (21.9% per year).

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

Revenue vs Market: CRCB.Y's revenue (10.8% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CRCB.Y's revenue (10.8% 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 (10.2%).


Next Steps

Past Performance

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

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRCB.Y has high quality earnings.

Growing Profit Margin: CRCB.Y's current net profit margins (45.2%) are lower than last year (52.1%).


Past Earnings Growth Analysis

Earnings Trend: CRCB.Y's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: CRCB.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRCB.Y had negative earnings growth (-17%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).


Return on Equity

High ROE: CRCB.Y's Return on Equity (9.7%) is considered low.


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


Financial Institutions Analysis

Asset Level: CRCB.Y's Assets to Equity ratio (11.8x) is moderate.

Allowance for Bad Loans: CRCB.Y has a sufficient allowance for bad loans (370%).

Low Risk Liabilities: 76% of CRCB.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: CRCB.Y has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: CRCB.Y's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: CRCB.Y has an appropriate level of bad loans (1.3%).


Next Steps

Dividend

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

8.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRCB.Y's dividend (8.49%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CRCB.Y's dividend (8.49%) is in the top 25% of dividend payers in the US market (4.2%)


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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.3%), 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 (23.3% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Wenhui Xie (47 yo)

no data

Tenure

CN¥491,400

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

Compensation vs Market: Wenhui's total compensation ($USD74.87K) is below average for companies of similar size in the US market ($USD7.11M).

Compensation vs Earnings: Wenhui's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jianzhong Liu
Executive Chairman of the Board12.42yrsCN¥491.40k0.00021%
CN¥ 12.7k
Wenhui Xie
President & Executive Directorno dataCN¥491.40k0.00021%
CN¥ 12.7k
Peizong Zhang
VP & Executive Director1.92yrsCN¥448.60k0.00016%
CN¥ 9.7k
Jiangqiao Liu
VP & Secretary of the Board4.17yrsCN¥454.90kno data
Xin Gao
IR Officerno datano datano data
Yi Zheng
Chief Credit Approval Officer & Employee Representative Supervisor9yrsCN¥1.29mno data
Sau Ping Wong
Company Secretary0.25yrno datano data
Yuzhou Zhu
Director of Disciplinary Inspection and Supervision Department & Employee Representative Supervisor9yrsCN¥988.00k0.00033%
CN¥ 20.0k
Xiaoming Le
Director of the Party-Masses Work Dept. & Party Com. Office & Employee Representative Supervisor1.42yrsno datano data

4.2yrs

Average Tenure

48yo

Average Age

Experienced Management: CRCB.Y's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jianzhong Liu
Executive Chairman of the Board12.42yrsCN¥491.40k0.00021%
CN¥ 12.7k
Wenhui Xie
President & Executive Directorno dataCN¥491.40k0.00021%
CN¥ 12.7k
Peizong Zhang
VP & Executive Director1.92yrsCN¥448.60k0.00016%
CN¥ 9.7k
Yi Zheng
Chief Credit Approval Officer & Employee Representative Supervisor9yrsCN¥1.29mno data
Yuzhou Zhu
Director of Disciplinary Inspection and Supervision Department & Employee Representative Supervisor9yrsCN¥988.00k0.00033%
CN¥ 20.0k
Xiaoming Le
Director of the Party-Masses Work Dept. & Party Com. Office & Employee Representative Supervisor1.42yrsno datano data
Honghai Wen
Non-Executive Director12.42yrsCN¥90.00k0.00011%
CN¥ 6.7k
Peng Zhang
Non-Executive Director1.25yrsCN¥30.00k0.000010%
CN¥ 606.3
Qinghua Song
Independent Non-Executive Director3.17yrsCN¥180.00kno data
Zengting Yuan
Independent Non-Executive Director6yrsCN¥180.00kno data
Guohua Cao
Independent Non-Executive Director6yrsCN¥180.00kno data
Qiaoyun Zhang
Independent Non-Executive Director1.92yrsCN¥180.00kno data

6.0yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CRCB.Y's board of directors are considered experienced (6 years average tenure).


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

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$47.003b
  • Listing Market Cap: HK$6.063b
  • Shares outstanding: 8.84b
  • Website: https://www.cqrcb.com

Number of Employees


Location

  • Chongqing Rural Commercial Bank Co., Ltd.
  • Tower Two
  • 31st Floor
  • Causeway Bay
  • Hong Kong

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
601077SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYOct 2019
601077XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYOct 2019

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 Analysis2020/11/23 01:10
End of Day Share Price2020/11/16 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.