Industrial and Commercial Bank of China Limited

OTCPK:IDCB.F Stock Report

Market Cap: US$283.4b

Industrial and Commercial Bank of China Valuation

Is IDCB.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IDCB.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IDCB.F ($0.6) is trading below our estimate of fair value ($1.86)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IDCB.F?

Key metric: As IDCB.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IDCB.F. This is calculated by dividing IDCB.F's market cap by their current earnings.
What is IDCB.F's PE Ratio?
PE Ratio4.5x
EarningsCN¥349.38b
Market CapCN¥2.05t

Price to Earnings Ratio vs Peers

How does IDCB.F's PE Ratio compare to its peers?

The above table shows the PE ratio for IDCB.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
WFC Wells Fargo
14.5x3.6%US$247.5b
BAC Bank of America
16.3x9.7%US$358.7b
C Citigroup
19.5x30.6%US$130.0b
JPM JPMorgan Chase
13.2x-5.0%US$690.6b
IDCB.F Industrial and Commercial Bank of China
4.5x4.2%US$2.2t

Price-To-Earnings vs Peers: IDCB.F is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does IDCB.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
IDCB.F 4.5xIndustry Avg. 12.8xNo. of Companies79PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IDCB.F is good value based on its Price-To-Earnings Ratio (4.5x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is IDCB.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IDCB.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IDCB.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IDCB.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.67
0%
14.0%US$0.86US$0.50n/a18
Nov ’25US$0.59
US$0.68
+15.4%
13.9%US$0.88US$0.50n/a18
Oct ’25US$0.64
US$0.66
+3.4%
10.9%US$0.80US$0.51n/a18
Sep ’25US$0.58
US$0.66
+13.1%
10.5%US$0.80US$0.51n/a19
Aug ’25US$0.51
US$0.65
+27.6%
10.8%US$0.80US$0.50n/a19
Jul ’25US$0.59
US$0.65
+10.1%
10.4%US$0.80US$0.50n/a20
Jun ’25n/a
US$0.63
0%
13.5%US$0.80US$0.37n/a20
May ’25US$0.51
US$0.61
+21.4%
14.8%US$0.80US$0.37n/a20
Apr ’25US$0.50
US$0.61
+21.9%
14.1%US$0.80US$0.38n/a21
Mar ’25US$0.53
US$0.60
+13.9%
13.0%US$0.80US$0.41n/a21
Feb ’25US$0.49
US$0.61
+24.4%
13.0%US$0.80US$0.41n/a21
Jan ’25US$0.49
US$0.62
+27.0%
12.9%US$0.81US$0.42n/a21
Dec ’24US$0.49
US$0.63
+29.6%
11.7%US$0.80US$0.41n/a21
Nov ’24US$0.48
US$0.61
+28.3%
11.8%US$0.78US$0.41US$0.5921
Oct ’24US$0.49
US$0.62
+25.3%
11.4%US$0.78US$0.44US$0.6422
Sep ’24US$0.47
US$0.63
+34.5%
12.3%US$0.78US$0.45US$0.5823
Aug ’24n/a
US$0.66
0%
13.3%US$0.86US$0.46US$0.5123
Jul ’24US$0.53
US$0.66
+23.0%
11.9%US$0.85US$0.52US$0.5922
Jun ’24US$0.53
US$0.66
+24.9%
11.8%US$0.85US$0.53n/a22
May ’24US$0.54
US$0.67
+25.0%
11.1%US$0.81US$0.54US$0.5122
Apr ’24US$0.55
US$0.69
+25.9%
11.0%US$0.81US$0.55US$0.5022
Mar ’24US$0.50
US$0.69
+37.7%
12.0%US$0.83US$0.54US$0.5324
Feb ’24US$0.53
US$0.69
+29.6%
12.2%US$0.83US$0.55US$0.4924
Jan ’24US$0.53
US$0.68
+28.6%
14.3%US$0.85US$0.49US$0.4924
Dec ’23US$0.50
US$0.66
+32.1%
15.5%US$0.83US$0.47US$0.4924
Nov ’23US$0.45
US$0.64
+44.1%
15.4%US$0.81US$0.46US$0.4824

Analyst Forecast: Target price is less than 20% higher than the current share price.

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