OTCPK:IDCB.F

Stock Analysis Report

Industrial and Commercial Bank of China

Executive Summary

Industrial and Commercial Bank of China Limited provides various banking products and services primarily in China and internationally.

Snowflake

Fundamentals

Flawless balance sheet 6 star dividend payer.


Similar Companies

Share Price & News

How has Industrial and Commercial Bank of China's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

OTCPK:IDCB.F

-1.9%

US Banks

-1.9%

US Market


1 Year Return

-14.9%

OTCPK:IDCB.F

-16.1%

US Banks

-3.3%

US Market

IDCB.F outperformed the Banks industry which returned -16.1% over the past year.

IDCB.F underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

IDCB.FIndustryMarket
7 Day-2.0%-1.9%-1.9%
30 Day-8.1%-11.1%-6.2%
90 Day-11.3%-4.9%0.3%
1 Year-14.9%-14.9%-13.7%-16.1%-1.1%-3.3%
3 Year-0.5%-0.5%37.8%28.4%37.9%28.9%
5 Year-4.6%-4.6%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Industrial and Commercial Bank of China 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

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

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


Price Based on Earnings

Industrial and Commercial Bank of China is good value based on earnings compared to the US Banks industry average.

Industrial and Commercial Bank of China is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Industrial and Commercial Bank of China is poor value based on expected growth next year.


Price Based on Value of Assets

Industrial and Commercial Bank of China is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Industrial and Commercial Bank of China expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Industrial and Commercial Bank of China's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).

Industrial and Commercial Bank of China's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Industrial and Commercial Bank of China's revenue growth is expected to exceed the United States of America market average.

Industrial and Commercial Bank of China's earnings growth is positive but not above the United States of America market average.

Industrial and Commercial Bank of China's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Industrial and Commercial Bank of China is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Industrial and Commercial Bank of China performed over the past 5 years?

1.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Industrial and Commercial Bank of China's year on year earnings growth rate has been positive over the past 5 years.

Industrial and Commercial Bank of China's 1-year earnings growth exceeds its 5-year average (4.1% vs 1.4%)

Industrial and Commercial Bank of China's earnings growth has not exceeded the US Banks industry average in the past year (4.1% vs 33.1%).


Return on Equity

Industrial and Commercial Bank of China has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Industrial and Commercial Bank of China has an acceptable proportion of non-loan assets held.

Industrial and Commercial Bank of China has a sufficient allowance for bad loans.

Industrial and Commercial Bank of China's liabilities are made up of primarily low risk sources of funding.

Industrial and Commercial Bank of China's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Industrial and Commercial Bank of China are broadly funded by customer deposits.

Industrial and Commercial Bank of China has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Industrial and Commercial Bank of China's current dividend yield, its reliability and sustainability?

6.21%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Industrial and Commercial Bank of China's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Industrial and Commercial Bank of China's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Shu Gu (52yo)

2.8yrs

Tenure

CN¥672,900

Compensation

Mr. Shu Gu has been the President and Executive Director of Industrial and Commercial Bank of China Limited since October 2016 and December 29, 2016 respectively. He serves as President of Industrial and C ...


CEO Compensation Analysis

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

Shu's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

55.5yo

Average Age

The tenure for the Industrial and Commercial Bank of China management team is about average.


Board Age and Tenure

2.5yrs

Average Tenure

58yo

Average Age

The average tenure for the Industrial and Commercial Bank of China board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


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Ownership Breakdown


Management Team

  • Wenwu Zhang (57yo)

    General Manager of Finance & Accounting Department

    • Tenure: 0.0yrs
    • Compensation: CN¥50.00k
  • Shu Gu (52yo)

    Vice Chairman & President

    • Tenure: 2.8yrs
    • Compensation: CN¥672.90k
  • Hao Hu (57yo)

    Senior EVP & Executive Director

    • Tenure: 0.3yrs
    • Compensation: CN¥618.30k
  • Xueqing Guan (55yo)

    Board Secretary

    • Tenure: 3.1yrs
    • Compensation: CN¥1.15m
  • Li Huang (55yo)

    Chief Responsible Officer of Internal Audit Bureau & Employee Supervisor

    • Tenure: 3.2yrs
  • Bairong Wang (56yo)

    Chief Risk Officer

    • Tenure: 3.1yrs
    • Compensation: CN¥1.14m
  • Jiong Tan (53yo)

    Senior EVP & Executive Director

    • Tenure: 0.3yrs
    • Compensation: CN¥618.30k
  • Bresson Xu

    Corporate Strategy & Investor Relations

    • Tenure: 0.0yrs
  • Chen Siqing (59yo)

    Chairman of the Board

    • Tenure: 0.3yrs

Board Members

  • Anthony Francis Neoh (73yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥445.00k
  • Silas Yang (64yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥440.00k
  • Si Shen (66yo)

    Independent Non Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥413.30k
  • Shu Gu (52yo)

    Vice Chairman & President

    • Tenure: 2.8yrs
    • Compensation: CN¥672.90k
  • Hao Hu (57yo)

    Senior EVP & Executive Director

    • Tenure: 0.3yrs
    • Compensation: CN¥618.30k
  • Nout Elisabeth Maria Wellink (76yo)

    Independent Non-Executive Director

    • Tenure: 0.7yrs
    • Compensation: CN¥25.00k
  • Fuqing Zheng (56yo)

    Non-Executive Director

    • Tenure: 4.5yrs
  • Li Huang (55yo)

    Chief Responsible Officer of Internal Audit Bureau & Employee Supervisor

    • Tenure: 3.2yrs
  • Jiong Tan (53yo)

    Senior EVP & Executive Director

    • Tenure: 0.3yrs
    • Compensation: CN¥618.30k
  • Chen Siqing (59yo)

    Chairman of the Board

    • Tenure: 0.3yrs

Company Information

Industrial and Commercial Bank of China Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Industrial and Commercial Bank of China Limited
  • Ticker: IDCB.F
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: HK$2.045t
  • Listing Market Cap: HK$260.760b
  • Shares outstanding: 356.41b
  • Website: https://www.icbc-ltd.com

Number of Employees


Location

  • Industrial and Commercial Bank of China Limited
  • No. 55 Fuxingmennei Avenue
  • Xicheng District
  • Beijing
  • 100140
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601398SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYOct 2006
1398SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDOct 2006
ICKDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEUROct 2006
IDCB.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDOct 2006
1398SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDOct 2006
601398XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYOct 2006
1398SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDOct 2006
ICKWBAG (Wiener Boerse AG)YesForeign Shares-Foreign ListedATEUROct 2006
IDCB.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Industrial and Commercial Bank of China Limited provides various banking products and services primarily in China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 00:12
End of Day Share Price2019/08/23 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.