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Hua Xia Bank

XSSC:600015
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600015
XSSC
CN¥114B
Market Cap
  1. Home
  2. CN
  3. Banks
Company description

Hua Xia Bank Co., Limited provides commercial banking services in China. The last earnings update was 36 days ago. More info.


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600015 Share Price and Events
7 Day Returns
-0.8%
XSSC:600015
-0.7%
CN Banks
-0.1%
CN Market
1 Year Returns
-4.2%
XSSC:600015
15.3%
CN Banks
14.1%
CN Market
600015 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hua Xia Bank (600015) -0.8% -4% -1.5% -4.2% -23.8% -3.3%
CN Banks -0.7% -4.4% 2.5% 15.3% 11.9% 48.8%
CN Market -0.1% -2.8% -3.6% 14.1% -18.3% 7.6%
1 Year Return vs Industry and Market
  • 600015 underperformed the Banks industry which returned 15.3% over the past year.
  • 600015 underperformed the Market in China which returned 14.1% over the past year.
Price Volatility
600015
Industry
5yr Volatility vs Market

Value

 Is Hua Xia Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hua Xia Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hua Xia Bank.

XSSC:600015 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥16.32 * 11.5%
CN¥1.88
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. CN¥16.32
Discount Rate (Cost of Equity) See below 15.9%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XSSC:600015
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 25%) (683.96%))
2.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (2 * 6.33%)
15.86%

Discounted Cash Flow Calculation for XSSC:600015 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hua Xia Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

XSSC:600015 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 15.86%) * CN¥16.32)
CN¥-0.71
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.71 / (15.86% - 3.2%)
CN¥-5.63
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥16.32 + CN¥-5.63
CN¥10.69
XSSC:600015 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥10.69
Current discount Discount to share price of CN¥7.39
= -1 x (CN¥7.39 - CN¥10.69) / CN¥10.69
30.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hua Xia Bank is available for.
Intrinsic value
31%
Share price is CN¥7.39 vs Future cash flow value of CN¥10.69
Current Discount Checks
For Hua Xia Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hua Xia Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hua Xia Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hua Xia Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hua Xia Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:600015 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.41
SHSE:600015 Share Price ** SHSE (2019-12-04) in CNY CN¥7.39
China Banks Industry PE Ratio Median Figure of 25 Publicly-Listed Banks Companies 7.68x
China Market PE Ratio Median Figure of 2,996 Publicly-Listed Companies 29.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hua Xia Bank.

XSSC:600015 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600015 Share Price ÷ EPS (both in CNY)

= 7.39 ÷ 1.41

5.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hua Xia Bank is good value based on earnings compared to the CN Banks industry average.
  • Hua Xia Bank is good value based on earnings compared to the China market.
Price based on expected Growth
Does Hua Xia Bank's expected growth come at a high price?
Raw Data
XSSC:600015 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
5%per year
China Banks Industry PEG Ratio Median Figure of 13 Publicly-Listed Banks Companies 0.66x
China Market PEG Ratio Median Figure of 1,262 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

XSSC:600015 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.25x ÷ 5%

1.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hua Xia Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hua Xia Bank's assets?
Raw Data
XSSC:600015 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥15.69
SHSE:600015 Share Price * SHSE (2019-12-04) in CNY CN¥7.39
China Banks Industry PB Ratio Median Figure of 25 Publicly-Listed Banks Companies 0.87x
China Market PB Ratio Median Figure of 3,603 Publicly-Listed Companies 2.2x
XSSC:600015 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600015 Share Price ÷ Book Value per Share (both in CNY)

= 7.39 ÷ 15.69

0.47x

* Primary Listing of Hua Xia Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hua Xia Bank is good value based on assets compared to the CN Banks industry average.
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Value checks
We assess Hua Xia Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Hua Xia Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hua Xia Bank expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hua Xia Bank expected to grow at an attractive rate?
  • Hua Xia Bank's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Hua Xia Bank's earnings growth is positive but not above the China market average.
  • Hua Xia Bank's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:600015 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:600015 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 5%
XSSC:600015 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 12.3%
China Banks Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
China Banks Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
China Market Earnings Growth Rate Market Cap Weighted Average 20.8%
China Market Revenue Growth Rate Market Cap Weighted Average 15.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XSSC:600015 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:600015 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 91,920 22,941 4
2020-12-31 86,500 21,811 5
2019-12-31 78,943 21,008 4
2019-12-05
XSSC:600015 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 52,795 128,550 19,905
2019-06-30 51,024 169,999 20,522
2019-03-31 50,316 8,473 19,229
2018-12-31 51,110 -100,935 20,014
2018-09-30 48,551 -94,898 19,265
2018-06-30 48,520 -157,375 19,178
2018-03-31 48,273 -156,723 19,029
2017-12-31 48,795 -87,828 18,979
2017-09-30 49,781 -33,729 19,287
2017-06-30 49,753 26,327 19,687
2017-03-31 49,812 195,865 19,745
2016-12-31 50,150 139,912 19,677

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hua Xia Bank's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Hua Xia Bank's revenue is expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XSSC:600015 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Hua Xia Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600015 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.55 1.97 1.26 3.00
2020-12-31 1.51 1.83 1.33 3.00
2019-12-31 1.39 1.67 1.13 3.00
2019-12-05
XSSC:600015 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.41
2019-06-30 1.45
2019-03-31 1.50
2018-12-31 1.56
2018-09-30 1.51
2018-06-30 1.50
2018-03-31 1.48
2017-12-31 1.48
2017-09-30 1.43
2017-06-30 1.46
2017-03-31 1.47
2016-12-31 1.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hua Xia Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hua Xia Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hua Xia Bank has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hua Xia Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hua Xia Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hua Xia Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Hua Xia Bank's 1-year earnings growth exceeds its 5-year average (3.3% vs 1.8%)
  • Hua Xia Bank's earnings growth has not exceeded the CN Banks industry average in the past year (3.3% vs 10.4%).
Earnings and Revenue History
Hua Xia Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hua Xia Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600015 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 52,795.00 19,905.00 23,743.00
2019-06-30 51,024.00 20,522.00 22,826.00
2019-03-31 50,316.00 19,229.00 22,617.00
2018-12-31 51,110.00 20,014.00 23,533.00
2018-09-30 48,551.00 19,265.00 21,502.00
2018-06-30 48,520.00 19,178.00 21,635.00
2018-03-31 48,273.00 19,029.00 21,370.00
2017-12-31 48,795.00 18,979.00 21,878.00
2017-09-30 49,781.00 19,287.00 23,355.00
2017-06-30 49,753.00 19,687.00 22,819.00
2017-03-31 49,812.00 19,745.00 22,468.00
2016-12-31 50,150.00 19,677.00 22,086.00
2016-09-30 50,579.00 19,588.00 21,619.00
2016-06-30 50,595.00 19,446.00 20,916.00
2016-03-31 50,715.00 19,178.00 20,830.00
2015-12-31 49,897.00 18,883.00 20,466.00
2015-09-30 50,127.00 18,716.00 20,675.00
2015-06-30 50,123.00 18,574.00 21,005.00
2015-03-31 49,352.00 18,395.00 20,706.00
2014-12-31 48,601.00 17,981.00 20,622.00
2014-09-30 46,847.00 17,553.00 19,814.00
2014-06-30 44,877.00 16,876.00 18,928.00
2014-03-31 43,104.00 16,278.00 18,074.00
2013-12-31 41,524.00 15,506.00 17,604.00
2013-09-30 39,652.00 14,746.00 16,964.00
2013-06-30 38,501.00 14,021.00 16,660.00
2013-03-31 37,178.43 13,395.75 16,202.95
2012-12-31 35,951.00 12,797.00 15,892.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hua Xia Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hua Xia Bank used its assets less efficiently than the CN Banks industry average last year based on Return on Assets.
  • Unable to establish if Hua Xia Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Hua Xia Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hua Xia Bank has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hua Xia Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Hua Xia Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hua Xia Bank Company Filings, last reported 2 months ago.

XSSC:600015 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 263,045.00 777,739.00 342,009.00
2019-06-30 258,180.00 756,023.00 245,653.00
2019-03-31 214,746.00 633,886.00 281,834.00
2018-12-31 218,715.00 626,208.00 108,554.00
2018-09-30 182,454.00 885,435.00 280,173.00
2018-06-30 177,672.00 574,911.00 65,344.00
2018-03-31 173,726.00 576,711.00 338,538.00
2017-12-31 169,498.00 624,320.00 136,444.00
2017-09-30 163,974.00 588,665.00 349,987.00
2017-06-30 159,613.00 579,037.00 231,998.00
2017-03-31 156,328.00 522,670.00 491,360.00
2016-12-31 152,973.00 558,418.00 357,722.00
2016-09-30 149,082.00 465,106.00 513,619.00
2016-06-30 144,107.00 460,931.00 386,426.00
2016-03-31 142,793.00 353,449.00 596,521.00
2015-12-31 118,388.00 242,865.00 377,324.00
2015-09-30 112,871.00 185,500.00 545,095.00
2015-06-30 111,798.00 187,293.00 274,314.00
2015-03-31 106,009.00 148,733.00 447,594.00
2014-12-31 102,099.00 128,442.00 262,036.00
2014-09-30 96,902.00 76,908.00 535,510.00
2014-06-30 92,078.00 107,385.00 402,545.00
2014-03-31 90,300.00 106,336.00 591,852.00
2013-12-31 86,019.00 105,537.00 259,666.00
2013-09-30 82,532.00 76,255.00 398,564.00
2013-06-30 82,667.00 136,775.00 318,404.00
2013-03-31 77,904.72 122,458.64 412,686.33
2012-12-31 74,723.00 128,985.00 347,151.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Hua Xia Bank has an acceptable proportion of non-loan assets held.
  • Hua Xia Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Hua Xia Bank are broadly funded by customer deposits.
  • Hua Xia Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Hua Xia Bank has a sufficient allowance for bad loans.
  • Hua Xia Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Hua Xia Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hua Xia Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hua Xia Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.35%
Current annual income from Hua Xia Bank dividends. Estimated to be 3.33% next year.
If you bought CN¥2,000 of Hua Xia Bank shares you are expected to receive CN¥47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hua Xia Bank's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.48%).
  • Hua Xia Bank's dividend is above the markets top 25% of dividend payers in China (1.98%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSSC:600015 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
China Banks Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 3.1%
China Market Average Dividend Yield Market Cap Weighted Average of 2577 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XSSC:600015 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.29 3.00
2020-12-31 0.26 5.00
2019-12-31 0.18 3.00
2019-12-05
XSSC:600015 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-02 0.174 2.323
2018-06-20 0.151 1.952
2017-06-22 0.151 1.643
2016-07-01 0.303 3.379
2015-07-01 0.302 3.447
2014-07-03 0.302 4.017
2013-07-17 0.251 4.603
2012-03-26 0.134 2.606
2011-04-18 0.107 1.800
2010-03-29 0.069 1.111
2009-04-21 0.069 1.161

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hua Xia Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.9x coverage).
X
Income/ dividend checks
We assess Hua Xia Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hua Xia Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hua Xia Bank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hua Xia Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Rankin
COMPENSATION CN¥26,000
AGE 56
CEO Bio

Mr. Robert John Rankin, also known as Rob, BEC, LLB, serves as Independent Non-Executive Chairman of Sargon Capital Pty Ltd. Mr. Rankin serves as the Chief Executive Officer of Asia-Pacific Region(Except Japan) at Hua Xia Bank Co., Limited. Mr. Rankin served as the Chief Executive Officer of Consolidated Press Holdings Pty Limited from November 10, 2014 to February 1, 2017. He served as the Co-Head of Corporate Banking & Securities and Head of Corporate Finance at Deutsche Bank AG since June 01, 2012. He was responsible for Deutsche Bank's leading global investment banking business serving institutional, corporate and sovereign clients from over 100 offices in 40 countries. He oversaw Deutsche Bank's leading global capital markets, origination and advisory businesses and acted as trusted advisor to many of Deutsche Bank's most important clients. He served as the Chief Executive Officer of Operations in Asia-Pacific Region (excluding Japan) at Deutsche Bank AG from October 2009 to June 01, 2012. He served as Head of Investment Banking at UBS Investment Bank Asia Ltd. at UBS Investment Bank. He served as Co-Head of Investment Banking in Asia at UBS Group AG. Mr. Rankin joined UBS in 1990. He was responsible for the investment banking business of Swiss financial services group UBS AG in the Asia-Pacific region. He joined Deutsche Bank AG in June 2009. Upon returning to Sydney, he worked as a Securities and Mergers and Acquisitions Lawyer at Blake Dawson Waldron. After joining the Australian arm of the Swiss Bank Corporation (merging to become UBS in 1998), he rose through the ranks in the Sydney office of UBS and relocated to Hong Kong in 2001 to be the UBS Head of Asia Pacific telecommunications, media and technology. In 2003, he was named by UBS as Managing Director and Co-Head of Investment Banking, Asia Pacific (ex Japan), and was Sole Managing Director and Head a year later. He served as the Chairman of Crown Resorts Limited from August 12, 2015 to February 1, 2017. He served as Non-Executive Director of Melco Resorts & Entertainment Limited since May 20, 2015 until June 9, 2017. Mr. Rankin served as Non-Executive Director of Crown Resorts Limited from July 30, 2015 to June 21, 2017. He served as a Director of Crown Resorts Limited since February 19, 2015. He served as Director of Hua Xia Bank Co., Limited until February 27, 2014. He served on the UBS Investment Bank Board. Whilst working at Blake Dawson Waldron, he was a Member of the Australian Stock Exchange Listing Committee. Mr. Rankin completed Bachelor degrees in Economics and Law from the University of Sydney in 1985 and 1987 respectively.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is higher than average for companies of similar size in China.
Management Team Tenure

Average tenure and age of the Hua Xia Bank management team in years:

5.8
Average Tenure
54
Average Age
  • The average tenure for the Hua Xia Bank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jianhua Zhang

TITLE
President & Director
AGE
54
TENURE
2.9 yrs

Guan Wenjie

TITLE
VP & CFO
AGE
49
TENURE
5.8 yrs

Chunhua Liu

TITLE
Director & Chief Audit Officer
AGE
49
TENURE
6 yrs

Robert Rankin

TITLE
Chief Executive Officer of Asia-Pacific Region(Except Japan)
COMPENSATION
CN¥26K
AGE
56

Jiqing Song

TITLE
Secretary
COMPENSATION
CN¥1M
AGE
54
Board of Directors Tenure

Average tenure and age of the Hua Xia Bank board of directors in years:

5.8
Average Tenure
55.5
Average Age
  • The tenure for the Hua Xia Bank board of directors is about average.
Board of Directors

Minji Li

TITLE
Chairman of the Board
AGE
54
TENURE
2.7 yrs

Jianhua Zhang

TITLE
President & Director
AGE
54
TENURE
2.7 yrs

Chunhua Liu

TITLE
Director & Chief Audit Officer
AGE
49
TENURE
5.8 yrs

Xiangquan Zeng

TITLE
Independent Director
AGE
64
TENURE
9.2 yrs

Yongguang Ren

TITLE
Director
AGE
60
TENURE
9.2 yrs

Changchun Yu

TITLE
Independent Director
AGE
67
TENURE
9.2 yrs

Libin Zou

TITLE
Director
AGE
52
TENURE
5.8 yrs

Jianbo Li

TITLE
Director
AGE
54
TENURE
5.8 yrs

Yonghong Chen

TITLE
Independent Director
AGE
57
TENURE
5.8 yrs

Delin Yang

TITLE
Independent Director
AGE
57
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Hua Xia Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hua Xia Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Hua Xia Bank Co., Limited provides commercial banking services in China. The company offers various deposit products, including current, time, personal call, education, FX agreement savings, agreement, notice, and foreign currency deposits, as well as corporate deposits and withdrawals. It also provides housing mortgage and guarantee, and housing mortgage transfer loans; private loans and loans for self-employed; personal auto, comprehensive consumer, study subsidy, small pledge, and entrusted loans; working capital, fixed asset, credit and guarantee, stock pledged, warehouse receipt pledge, foreign currency pledged, corporate time deposit certificate and gold pledge, and syndicate loans; bank and trade acceptance discounting, domestic factoring with recourse, and export tax rebate custody loans; and confirmed warehouse and buyer shared interest payment for bill discounting products. In addition, the company offers credit and debit cards; wealth management, and investment and management products; gold and forex trading services; call deposits; fund investment services; and agency sales, guarantee, collection and payment, settlement, and other services, as well as acts as a third party for custody, transfer, saving, and withdrawal of securities transaction settlement funds. Further, it provides cash management and international settlement services; import and export trade financing; forex settlement and sale services; and corporate financial advisory and asset custody services, as well as products and services for SMEs and financing institutions. Additionally, the company offers Internet and mobile banking, and online payment services. As of December 31, 2018, it operated 42 tier-1 branches, 66 tier-2 branches, 8 non-local branches, and 1,022 outlets in 110 cities. Hua Xia Bank Co., Limited was founded in 1992 and is headquartered in Beijing, China.

Details
Name: Hua Xia Bank Co., Limited
600015
Exchange: XSSC
Founded: 1992
CN¥113,711,585,234
15,387,223,983
Website: http://www.hxb.com.cn
Address: Hua Xia Bank Co., Limited
Hua Xia Bank Mansion,
No. 22 Jianguomennei Street,
Beijing,
100005,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600015 Domestic Shares Shanghai Stock Exchange CN CNY 12. Sep 2003
XSSC 600015 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 12. Sep 2003
Number of employees
Current staff
Staff numbers
41,283
Hua Xia Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:40
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.