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Bank of Beijing

XSSC:601169
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601169
XSSC
CN¥119B
Market Cap
  1. Home
  2. CN
  3. Banks
Company description

Bank of Beijing Co., Ltd. provides various banking products and services to individual and corporate clients in China, Hong Kong, and the Netherlands. The last earnings update was 47 days ago. More info.


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601169 Share Price and Events
7 Day Returns
1.4%
XSSC:601169
2.5%
CN Banks
1.7%
CN Market
1 Year Returns
-5.1%
XSSC:601169
22.5%
CN Banks
21.4%
CN Market
601169 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Beijing (601169) 1.4% 0.9% 2.2% -5.1% -32.1% -3.6%
CN Banks 2.5% 1% 4.8% 22.5% 18.6% 42.8%
CN Market 1.7% 2.1% -1.9% 21.4% -12.1% 7.8%
1 Year Return vs Industry and Market
  • 601169 underperformed the Banks industry which returned 22.5% over the past year.
  • 601169 underperformed the Market in China which returned 21.4% over the past year.
Price Volatility
601169
Industry
5yr Volatility vs Market

601169 Value

 Is Bank of Beijing 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 Bank of Beijing 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 Bank of Beijing.

XSSC:601169 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¥9.97 * 10.5%
CN¥1.04
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. CN¥9.97
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:601169
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 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.634 (1 + (1- 25%) (456.28%))
2.207
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:601169 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Beijing 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:601169 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 15.86%) * CN¥9.97)
CN¥-0.54
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.54 / (15.86% - 3.2%)
CN¥-4.24
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥9.97 + CN¥-4.24
CN¥5.73
XSSC:601169 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥5.73
Current discount Discount to share price of CN¥5.63
= -1 x (CN¥5.63 - CN¥5.73) / CN¥5.73
1.7%

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

Current Discount
Amount off the current price Bank of Beijing is available for.
Intrinsic value
2%
Share price is CN¥5.63 vs Future cash flow value of CN¥5.73
Current Discount Checks
For Bank of Beijing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank of Beijing's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bank of Beijing'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 Bank of Beijing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Beijing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:601169 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.99
SHSE:601169 Share Price ** SHSE (2019-12-13) in CNY CN¥5.63
China Banks Industry PE Ratio Median Figure of 25 Publicly-Listed Banks Companies 8.05x
China Market PE Ratio Median Figure of 3,002 Publicly-Listed Companies 30.99x

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

** Primary Listing of Bank of Beijing.

XSSC:601169 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601169 Share Price ÷ EPS (both in CNY)

= 5.63 ÷ 0.99

5.72x

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

  • Bank of Beijing is good value based on earnings compared to the CN Banks industry average.
  • Bank of Beijing is good value based on earnings compared to the China market.
Price based on expected Growth
Does Bank of Beijing's expected growth come at a high price?
Raw Data
XSSC:601169 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8.1%per year
China Banks Industry PEG Ratio Median Figure of 13 Publicly-Listed Banks Companies 0.71x
China Market PEG Ratio Median Figure of 1,261 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

XSSC:601169 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.72x ÷ 8.1%

0.71x

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

  • Bank of Beijing is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank of Beijing's assets?
Raw Data
XSSC:601169 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥8.78
SHSE:601169 Share Price * SHSE (2019-12-13) in CNY CN¥5.63
China Banks Industry PB Ratio Median Figure of 25 Publicly-Listed Banks Companies 0.9x
China Market PB Ratio Median Figure of 3,609 Publicly-Listed Companies 2.27x
XSSC:601169 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601169 Share Price ÷ Book Value per Share (both in CNY)

= 5.63 ÷ 8.78

0.64x

* Primary Listing of Bank of Beijing.

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

  • Bank of Beijing is good value based on assets compared to the CN Banks industry average.
X
Value checks
We assess Bank of Beijing'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. Bank of Beijing 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.

601169 Future Performance

 How is Bank of Beijing 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
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Beijing expected to grow at an attractive rate?
  • Bank of Beijing's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Bank of Beijing's earnings growth is positive but not above the China market average.
  • Bank of Beijing's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:601169 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:601169 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8.1%
XSSC:601169 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 12.6%
China Banks Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
China Banks Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
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:601169 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:601169 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 72,800 24,852 3
2020-12-31 67,726 22,966 5
2019-12-31 62,926 21,225 4
2019-12-15
XSSC:601169 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 40,728 65,305 20,719
2019-06-30 39,919 78,159 20,276
2019-03-31 38,752 87,141 19,810
2018-12-31 38,108 37,167 19,261
2018-09-30 37,825 992 19,103
2018-06-30 37,637 28,797 18,767
2018-03-31 37,331 5,208 18,332
2017-12-31 36,922 12,545 17,992
2017-09-30 36,470 42,126 18,142
2017-06-30 36,423 95,318 17,519
2017-03-31 35,644 99,142 17,751
2016-12-31 35,908 -5,293 17,581

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Beijing's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Bank of Beijing's revenue is expected to grow by 12.6% 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:601169 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 Bank of Beijing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601169 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.18 1.19 1.17 3.00
2020-12-31 1.10 1.11 1.09 3.00
2019-12-31 1.02 1.02 1.02 1.00
2019-12-15
XSSC:601169 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.99
2019-06-30 0.96
2019-03-31 0.94
2018-12-31 0.91
2018-09-30 0.91
2018-06-30 0.96
2018-03-31 0.96
2017-12-31 0.99
2017-09-30 1.00
2017-06-30 0.96
2017-03-31 0.97
2016-12-31 0.97

*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.
  • Bank of Beijing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank of Beijing'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.
Bank of Beijing 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.

601169 Past Performance

  How has Bank of Beijing 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 Bank of Beijing'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.
  • Bank of Beijing's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Beijing's 1-year earnings growth exceeds its 5-year average (8.5% vs 5.1%)
  • Bank of Beijing's earnings growth has not exceeded the CN Banks industry average in the past year (8.5% vs 10.4%).
Earnings and Revenue History
Bank of Beijing'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 Bank of Beijing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601169 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 40,728.00 20,719.00 14,329.00
2019-06-30 39,919.00 20,276.00 14,036.00
2019-03-31 38,752.00 19,810.00 14,047.00
2018-12-31 38,108.00 19,261.00 13,978.00
2018-09-30 37,825.00 19,103.00 13,958.00
2018-06-30 37,637.00 18,767.00 13,901.00
2018-03-31 37,331.00 18,332.00 13,773.00
2017-12-31 36,922.00 17,992.00 13,522.00
2017-09-30 36,470.00 18,142.00 12,753.00
2017-06-30 36,423.00 17,519.00 12,801.00
2017-03-31 35,644.00 17,751.00 12,402.00
2016-12-31 35,908.00 17,581.00 12,247.00
2016-09-30 35,687.00 17,658.00 12,066.00
2016-06-30 35,718.00 17,424.00 11,770.00
2016-03-31 35,948.00 17,128.00 11,757.00
2015-12-31 34,872.00 16,839.00 11,014.00
2015-09-30 34,541.00 17,167.00 10,164.00
2015-06-30 33,734.00 16,812.00 9,749.00
2015-03-31 32,714.00 16,087.00 9,567.00
2014-12-31 31,564.00 15,623.00 9,091.00
2014-09-30 30,858.00 15,032.00 9,259.00
2014-06-30 29,165.00 14,500.00 8,324.00
2014-03-31 27,630.00 13,846.70 8,101.91
2013-12-31 26,824.00 13,454.00 7,822.00
2013-09-30 26,254.76 12,717.89 8,168.21
2013-06-30 26,192.68 13,074.92 7,681.40
2013-03-31 25,135.21 12,432.76 7,339.04
2012-12-31 23,888.67 11,674.81 7,171.04

*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.
  • Bank of Beijing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Beijing used its assets less efficiently than the CN Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Beijing 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 Bank of Beijing'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.
Bank of Beijing 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.

601169 Health

 How is Bank of Beijing'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 Bank of Beijing'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 Bank of Beijing Company Filings, last reported 2 months ago.

XSSC:601169 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 205,331.00 543,128.00 406,235.00
2019-06-30 199,498.00 550,503.00 302,146.00
2019-03-31 199,376.00 522,775.00 356,630.00
2018-12-31 194,134.00 585,432.00 329,316.00
2018-09-30 189,644.00 554,955.00 393,869.00
2018-06-30 183,936.00 557,340.00 296,506.00
2018-03-31 183,365.00 526,623.00 391,830.00
2017-12-31 176,714.00 549,234.00 325,879.00
2017-09-30 154,075.00 494,996.00 435,710.00
2017-06-30 149,721.00 463,217.00 299,307.00
2017-03-31 148,601.00 481,286.00 499,819.00
2016-12-31 143,779.00 444,207.00 454,586.00
2016-09-30 142,922.00 364,516.00 638,214.00
2016-06-30 125,272.00 343,020.00 512,034.00
2016-03-31 122,002.00 340,852.00 664,646.00
2015-12-31 116,814.00 283,237.00 534,708.00
2015-09-30 108,103.00 220,590.00 400,742.00
2015-06-30 103,503.00 199,943.00 362,194.00
2015-03-31 100,500.00 136,307.00 275,935.00
2014-12-31 96,144.00 168,406.00 354,372.00
2014-09-30 92,082.00 133,412.00 325,460.00
2014-06-30 87,730.00 137,275.00 245,312.00
2014-03-31 83,663.21 103,649.80 233,117.37
2013-12-31 78,306.00 91,817.00 253,893.00
2013-09-30 78,021.39 113,242.79 204,483.24
2013-06-30 76,144.18 90,387.53 266,982.71
2013-03-31 76,163.40 87,499.90 258,549.28
2012-12-31 71,690.71 80,430.33 190,408.16
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.
  • Bank of Beijing has an acceptable proportion of non-loan assets held.
  • Bank of Beijing's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Beijing are broadly funded by customer deposits.
  • Bank of Beijing's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Beijing has a sufficient allowance for bad loans.
  • Bank of Beijing has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Beijing'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. Bank of Beijing 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.

601169 Dividends

 What is Bank of Beijing'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
5.08%
Current annual income from Bank of Beijing dividends. Estimated to be 5.67% next year.
If you bought CN¥2,000 of Bank of Beijing shares you are expected to receive CN¥102 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?
  • Bank of Beijing's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Bank of Beijing's dividend is above the markets top 25% of dividend payers in China (1.94%).
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:601169 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%
China Market Average Dividend Yield Market Cap Weighted Average of 2579 Stocks 1.8%
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 1.9%

Industry and Market average data is calculated daily.

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

XSSC:601169 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.33 3.00
2020-12-31 0.32 4.00
2019-12-31 0.31 3.00
2019-12-15
XSSC:601169 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-02 0.286 5.184
2018-07-03 0.267 4.482
2017-07-05 0.208 2.892
2016-07-04 0.174 2.237
2015-07-09 0.145 2.138
2014-07-10 0.087 1.577
2013-07-15 0.193 5.197
2012-07-04 0.080 2.061
2011-06-07 0.087 2.204
2010-04-28 0.072 1.454
2009-04-28 0.072 1.104

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 Bank of Beijing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Bank of Beijing'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 Bank of Beijing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Beijing 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.

601169 Management

 What is the CEO of Bank of Beijing'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
Shujian Yang
COMPENSATION CN¥0
AGE 50
TENURE AS CEO 2 years
CEO Bio

Mr. Shujian Yang is President of Bank of Beijing Co., Ltd. since December 20, 2017. Mr. Yang joined the Board of Directors of Bank of Beijing Co., Ltd in May 2014 and served as its Secretary for the Board of Directors since August 2007. He served as Vice President of Bank of Beijing Co., Ltd since August 2014 until December 20, 2017. Mr. Yang was General Manager of Bank of Beijing Scotiabank Assets Management Company from March 2013 to March 2014, and has served as General Manager of Shijiazhuang Regional Branch since July 2014. He served as Deputy (Managing) Director of Board’s Office of the Bank from March 2005 to July 2007, Branch Manager of Xueyuanlu Branch of the Bank from February 2004 to February 2005; Deputy General Manager of HR Department of the Bank from May 2002 to January 2004; Deputy Director of General Office of the Bank from May 2000 to April 2002; and Head of Banking Card Business Group of Business Development Department of the Bank from July 1997 to April 2000. He is a senior economist. He obtained a Bachelor’s Degree in economics in JilinUniversity in 1994, a Master’s Degree in economics in JilinUniversity in 1994 and a Doctor’s Degree in economics in Central University of Finance and Economics in 1997.

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

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

13.4
Average Tenure
56
Average Age
  • The average tenure for the Bank of Beijing management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shujian Yang

TITLE
President & Director
AGE
50
TENURE
2 yrs

Zhihong Du

TITLE
CFO & VP
AGE
58
TENURE
13.4 yrs

Wang Jian

TITLE
VP & Chief Information Officer
AGE
55
TENURE
13.4 yrs

Frans Johan Maria Robert de Mandt

TITLE
Director & President Assistant
AGE
53

Li Hua Feng

TITLE
Vice President
AGE
57

Deyong Wei

TITLE
VP & Director
AGE
57
Board of Directors Tenure

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

3.9
Average Tenure
54
Average Age
  • The tenure for the Bank of Beijing board of directors is about average.
Board of Directors

Dongning Zhang

TITLE
Chairman of the Board
AGE
59
TENURE
3.9 yrs

Shujian Yang

TITLE
President & Director
AGE
50
TENURE
5.6 yrs

Frans Johan Maria Robert de Mandt

TITLE
Director & President Assistant
AGE
53
TENURE
4 yrs

Deyong Wei

TITLE
VP & Director
AGE
57
TENURE
1 yrs

Xiaohui Li

TITLE
Independent Director
AGE
52
TENURE
6.3 yrs

Jian Hu

TITLE
Independent Director
AGE
62
TENURE
4.6 yrs

Ying Zeng

TITLE
Chief Supervisor
AGE
55

Zhen Dong Liu

TITLE
Director
AGE
48
TENURE
1 yrs

Hongyu Liu

TITLE
Independent Director
AGE
56
TENURE
3.4 yrs

Hongxin He

TITLE
Director
AGE
49
TENURE
1 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 Bank of Beijing'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. Bank of Beijing 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.

601169 News

Simply Wall St News

601169 Company Info

Description

Bank of Beijing Co., Ltd. provides various banking products and services to individual and corporate clients in China, Hong Kong, and the Netherlands. The company accepts current, fixed, personal call, education, automatic notice and fixed, and foreign currency deposits; and offers personal housing, auto, student, building property mortgage consumption, and government loans. It also provides insurance products; funds; third-party depository, fee collection, and safe deposits box services; and savings and debit, and credit cards. In addition, the company offers corporate banking services, including account settling, institution financing credit, cash management, institution fund management, trade finance, and investment banking services, as well as syndicated loans and electronic banking services. Further, it operates as an agent for precious metal exchange and bond settlements; and trades in personal foreign exchange. Additionally, the company is involved in the valet trading of current and future foreign exchange; settlement and sale of future foreign exchange; and investment banking and asset custody, and foreign exchange deposit, as well as exchange, settlement, and L/G services. It operates through a network of 650 branches. The company was founded in 1996 and is based in Beijing, China.

Details
Name: Bank of Beijing Co., Ltd.
601169
Exchange: XSSC
Founded: 1996
CN¥119,035,001,451
21,142,984,272
Website: http://www.bankofbeijing.com.cn
Address: Bank of Beijing Co., Ltd.
No. 17, Financial Street,
First floor,
Beijing,
100033,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601169 Domestic Shares Shanghai Stock Exchange CN CNY 19. Sep 2007
XSSC 601169 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 19. Sep 2007
Number of employees
Current staff
Staff numbers
14,680
Bank of Beijing employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/15 15:39
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/12/02
Last earnings filing: 2019/10/29
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.