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
Very undervalued with flawless balance sheet and pays a dividend.
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.
7 Day Return
1 Year Return
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.
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
Is Chongqing Rural Commercial Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRCB.Y ($20.94) is trading below our estimate of fair value ($70.33)
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 (3.8x) compared to the US Banks industry average (13.2x).
PE vs Market: CRCB.Y is good value based on its PE Ratio (3.8x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: CRCB.Y is good value based on its PEG Ratio (0.3x)
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 (1.1x).
How is Chongqing Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRCB.Y's forecast earnings growth (11.3% per year) is above the savings rate (2%).
Earnings vs Market: CRCB.Y's earnings (11.3% per year) are forecast to grow slower than the US market (17.8% per year).
High Growth Earnings: CRCB.Y's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRCB.Y's revenue (21.4% per year) is forecast to grow faster than the US market (9.7% per year).
High Growth Revenue: CRCB.Y's revenue (21.4% per year) is forecast to grow faster 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 (10.9%).
How has Chongqing Rural Commercial Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRCB.Y has a high level of non-cash earnings.
Growing Profit Margin: CRCB.Y's current net profit margins (46.7%) are lower than last year (48.6%).
Past Earnings Growth Analysis
Earnings Trend: CRCB.Y's earnings have grown by 5% 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 (-13.9%) over the past year, making it difficult to compare to the Banks industry average (3.6%).
Return on Equity
High ROE: CRCB.Y's Return on Equity (9%) is considered low.
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
Financial Institutions Analysis
Asset Level: CRCB.Y's Assets to Equity ratio (12x) is moderate.
Allowance for Bad Loans: CRCB.Y has a sufficient allowance for bad loans (315%).
Low Risk Liabilities: 73% 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 (43%).
Low Risk Deposits: CRCB.Y's Loans to Deposits ratio (64%) is appropriate.
Level of Bad Loans: CRCB.Y has an appropriate level of bad loans (1.3%).
What is Chongqing Rural Commercial Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRCB.Y's dividend (7.86%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: CRCB.Y's dividend (7.86%) is in the top 25% of dividend payers in the US market (3.48%)
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 (30%), 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 (28.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Wenhui Xie (47 yo)
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 ($USD68.49K) is below average for companies of similar size in the US market ($USD6.42M).
Compensation vs Earnings: Wenhui's compensation has been consistent with company performance over the past year.
Experienced Board: CRCB.Y's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chongqing Rural Commercial Bank Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Chongqing Rural Commercial Bank Co., Ltd.
- Ticker: CRCB.Y
- Exchange: OTCPK
- Founded: 1951
- Industry: Regional Banks
- Sector: Banks
- Market Cap: HK$52.365b
- Listing Market Cap: HK$6.743b
- Shares outstanding: 11.36b
- Website: https://www.cqrcb.com
Number of Employees
- Chongqing Rural Commercial Bank Co., Ltd.
- No. 36 Jinshamen Road
- Jiangbei District
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||2021/04/19 23:34|
|End of Day Share Price||2021/01/20 00:00|
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.