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Bank of Shanghai

XSSC:601229
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601229
XSSC
CN¥132B
Market Cap
  1. Home
  2. CN
  3. Banks
Company description

Bank of Shanghai Co., Ltd. provides various personal and corporate banking products and services primarily in Mainland China. The last earnings update was 43 days ago. More info.


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601229 Share Price and Events
7 Day Returns
1.1%
XSSC:601229
0.9%
CN Banks
2%
CN Market
1 Year Returns
4.6%
XSSC:601229
17.6%
CN Banks
17.6%
CN Market
601229 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Shanghai (601229) 1.1% -2.2% 1.1% 4.6% - -
CN Banks 0.9% -5.4% 2.3% 17.6% 9.6% 52.5%
CN Market 2% -1.3% -2.7% 17.6% -16.9% 7.3%
1 Year Return vs Industry and Market
  • 601229 underperformed the Banks industry which returned 17.6% over the past year.
  • 601229 underperformed the Market in China which returned 17.6% over the past year.
Price Volatility
601229
Industry
5yr Volatility vs Market

Value

 Is Bank of Shanghai 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 Shanghai 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 Shanghai.

XSSC:601229 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¥13.26 * 10.4%
CN¥1.38
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. CN¥13.26
Discount Rate (Cost of Equity) See below 13.9%
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:601229
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%) (307.91%))
1.689
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.689 * 6.33%)
13.89%

Discounted Cash Flow Calculation for XSSC:601229 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Shanghai 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:601229 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.4% – 13.89%) * CN¥13.26)
CN¥-0.46
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.46 / (13.89% - 3.2%)
CN¥-4.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥13.26 + CN¥-4.28
CN¥8.98
XSSC:601229 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥8.98
Current discount Discount to share price of CN¥9.29
= -1 x (CN¥9.29 - CN¥8.98) / CN¥8.98
-3.5%

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

  • The current share price of Bank of Shanghai is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Shanghai's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Shanghai's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:601229 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.34
SHSE:601229 Share Price ** SHSE (2019-12-05) in CNY CN¥9.29
China Banks Industry PE Ratio Median Figure of 25 Publicly-Listed Banks Companies 7.72x
China Market PE Ratio Median Figure of 2,996 Publicly-Listed Companies 30.32x

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

** Primary Listing of Bank of Shanghai.

XSSC:601229 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601229 Share Price ÷ EPS (both in CNY)

= 9.29 ÷ 1.34

6.92x

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

  • Bank of Shanghai is good value based on earnings compared to the CN Banks industry average.
  • Bank of Shanghai is good value based on earnings compared to the China market.
Price based on expected Growth
Does Bank of Shanghai's expected growth come at a high price?
Raw Data
XSSC:601229 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
15.3%per year
China Banks Industry PEG Ratio Median Figure of 13 Publicly-Listed Banks Companies 0.67x
China Market PEG Ratio Median Figure of 1,261 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

XSSC:601229 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.92x ÷ 15.3%

0.45x

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

  • Bank of Shanghai is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank of Shanghai's assets?
Raw Data
XSSC:601229 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥10.79
SHSE:601229 Share Price * SHSE (2019-12-05) in CNY CN¥9.29
China Banks Industry PB Ratio Median Figure of 25 Publicly-Listed Banks Companies 0.88x
China Market PB Ratio Median Figure of 3,603 Publicly-Listed Companies 2.22x
XSSC:601229 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601229 Share Price ÷ Book Value per Share (both in CNY)

= 9.29 ÷ 10.79

0.86x

* Primary Listing of Bank of Shanghai.

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

  • Bank of Shanghai is good value based on assets compared to the CN Banks industry average.
X
Value checks
We assess Bank of Shanghai'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 Shanghai 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 Bank of Shanghai expected to perform in the next 1 to 3 years based on estimates from 4 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
15.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Shanghai expected to grow at an attractive rate?
  • Bank of Shanghai's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Bank of Shanghai's earnings growth is positive but not above the China market average.
  • Bank of Shanghai's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:601229 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:601229 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 15.3%
XSSC:601229 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 15.9%
China Banks Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
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:601229 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:601229 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 62,991 27,584 3
2020-12-31 56,738 23,987 4
2019-12-31 51,330 20,779 4
2019-12-07
XSSC:601229 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 32,175 47,523 19,077
2019-06-30 31,228 109,076 18,336
2019-03-31 29,757 64,088 17,615
2018-12-31 28,513 -21,733 16,994
2018-09-30 28,451 -55,957 17,947
2018-06-30 26,600 -68,679 16,904
2018-03-31 25,041 -119,850 15,852
2017-12-31 24,425 -60,767 15,328
2017-09-30 24,104 -20,687 15,054
2017-06-30 23,720 4,687 14,789
2017-03-31 24,242 120,703 14,546
2016-12-31 24,827 170,846 14,308

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Shanghai's earnings are expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
  • Bank of Shanghai's revenue is expected to grow by 15.9% 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:601229 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 4 Analyst Estimates (S&P Global) See Below

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

XSSC:601229 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.11 2.49 1.85 3.00
2020-12-31 1.78 2.20 1.59 4.00
2019-12-31 1.53 1.89 1.38 4.00
2019-12-07
XSSC:601229 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.34
2019-06-30 1.29
2019-03-31 1.24
2018-12-31 1.20
2018-09-30 1.26
2018-06-30 1.19
2018-03-31 1.11
2017-12-31 1.08
2017-09-30 1.07
2017-06-30 1.08
2017-03-31 1.09
2016-12-31 1.10

*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 Shanghai 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 Shanghai'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 Shanghai has a total score of 2/6, 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 Bank of Shanghai 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 Shanghai'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 Shanghai's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Shanghai's 1-year earnings growth is less than its 5-year average (6.3% vs 10.3%)
  • Bank of Shanghai's earnings growth has not exceeded the CN Banks industry average in the past year (6.3% vs 10.4%).
Earnings and Revenue History
Bank of Shanghai'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 Shanghai Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601229 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 32,174.63 19,076.76 9,651.14
2019-06-30 31,227.56 18,335.86 9,617.68
2019-03-31 29,756.52 17,615.27 9,242.97
2018-12-31 28,512.92 16,994.04 9,006.39
2018-09-30 28,451.46 17,947.37 8,753.53
2018-06-30 26,599.79 16,904.39 8,392.04
2018-03-31 25,040.91 15,852.35 8,234.23
2017-12-31 24,424.58 15,328.50 8,105.36
2017-09-30 24,103.85 15,054.41 8,069.28
2017-06-30 23,719.99 14,788.95 7,952.73
2017-03-31 24,242.31 14,546.42 7,880.14
2016-12-31 24,827.17 14,308.27 7,875.91
2016-09-30 24,929.01 14,004.35 7,629.29
2016-06-30 25,726.94 13,682.16 7,646.09
2016-03-31 25,483.55 13,320.94 7,495.82
2015-12-31 25,320.67 13,002.37 7,622.51
2015-09-30 24,553.14 12,512.95 7,485.57
2015-06-30 24,000.99 12,119.50 7,345.54
2015-03-31 23,404.99 11,747.98 7,192.73
2014-12-31 22,808.99 11,376.46 7,039.92
2013-12-31 19,331.96 9,342.42 6,292.28
2012-12-31 16,318.75 7,508.90 5,758.05

*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 Shanghai has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Shanghai used its assets more efficiently than the CN Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Shanghai 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 Shanghai'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 Shanghai 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 Bank of Shanghai'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 Shanghai'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 Shanghai Company Filings, last reported 2 months ago.

XSSC:601229 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 173,803.97 405,936.08 649,446.84
2019-06-30 167,762.60 396,947.65 554,474.45
2019-03-31 166,613.36 403,604.23 635,338.08
2018-12-31 161,768.61 422,634.57 212,475.20
2018-09-30 158,409.50 410,967.66 315,013.63
2018-06-30 153,177.72 389,560.66 213,677.69
2018-03-31 151,939.16 390,170.75 328,153.97
2017-12-31 147,441.40 381,486.69 186,799.49
2017-09-30 124,618.21 406,344.50 294,202.41
2017-06-30 121,240.35 411,692.54 158,225.97
2017-03-31 120,289.88 496,234.27 299,481.51
2016-12-31 116,218.61 483,913.04 158,407.02
2016-09-30 103,818.50 397,991.60 282,301.85
2016-06-30 99,721.90 374,179.55 294,668.94
2016-03-31 96,488.32 252,623.63 261,886.04
2015-12-31 92,834.40 208,563.03 201,107.54
2015-09-30 89,400.59 175,869.56 299,947.42
2015-06-30 86,089.53 181,391.52 215,945.51
2015-03-31 86,089.53 181,391.52 215,945.51
2014-12-31 74,358.96 106,993.01 204,593.76
2013-12-31 56,319.99 82,919.57 148,126.17
2012-12-31 42,271.62 57,820.17 185,820.60
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 Shanghai has an acceptable proportion of non-loan assets held.
  • Bank of Shanghai's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Shanghai are broadly funded by customer deposits.
  • Bank of Shanghai's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Shanghai has a sufficient allowance for bad loans.
  • Bank of Shanghai has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Shanghai'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 Shanghai 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 Bank of Shanghai'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
3.73%
Current annual income from Bank of Shanghai dividends. Estimated to be 5.58% next year.
If you bought CN¥2,000 of Bank of Shanghai shares you are expected to receive CN¥75 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 Shanghai's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.48%).
  • Bank of Shanghai's dividend is above the markets top 25% of dividend payers in China (1.96%).
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:601229 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 4 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:601229 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.57 2.00
2020-12-31 0.52 2.00
2019-12-31 0.47 2.00
2019-12-07
XSSC:601229 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-24 0.346 3.764
2018-07-09 0.275 3.067
2017-07-11 0.211 2.365

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

  • Whilst dividend payments have been stable, Bank of Shanghai has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bank of Shanghai only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Bank of Shanghai's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Shanghai'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 Shanghai afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Shanghai has a total score of 3/6, 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 Bank of Shanghai'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
Youlian Hu
COMPENSATION CN¥0
AGE 57
TENURE AS CEO 3.9 years
CEO Bio

Mr. Youlian Hu has been the President of Bank of Shanghai Co., Ltd. since January 10, 2016 and its Vice Chairman since March 2013. Mr. Hu served as a Vice President of Bank of Shanghai Co., Ltd. until January 2016. Mr. Hu has 29 years experience. Mr. Hu's previous positions include Deputy Division Chief of the Finance and Accounting Division of CCB Jiangshu Branch, Division Chief of the Finance Division of CCB's Finance and Accounting Department, Division Chief of the Comprehensive Division and Planning Division of CCB's Planning and Finance Department, General Manager of CCB Zhongshan Branch, General Manager of Bank of Shanghai Pudong Branch and Assistant President of Bank of Shanghai. Mr. Hu is an Accountant. He holds a Bachelor's degree in Economics from Fudan University.

CEO Compensation
  • Insufficient data for Youlian to compare compensation growth.
  • Youlian's remuneration is higher than average for companies of similar size in China.
Management Team Tenure

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

6.7
Average Tenure
51
Average Age
  • The average tenure for the Bank of Shanghai management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Youlian Hu

TITLE
Vice Chairman of the Board & President
AGE
57
TENURE
3.9 yrs

Hongmin Shi

TITLE
VP, CFO & Executive Director
AGE
51
TENURE
6.7 yrs

Debin Hu

TITLE
VP & Chief Information Officer
AGE
51

Tao Huang

TITLE
VP & Chief Risk Officer
AGE
48

Xiaohong Li

TITLE
Board Secretary
AGE
50
TENURE
9.9 yrs

Will Fenj

TITLE
IR Officer

Ning Zhou

TITLE
Head of the Planning & Finance Department
Board of Directors Tenure

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

4.3
Average Tenure
59.5
Average Age
  • The tenure for the Bank of Shanghai board of directors is about average.
Board of Directors

Yu Jin

TITLE
Chairman of the Board
AGE
54
TENURE
4.8 yrs

Youlian Hu

TITLE
Vice Chairman of the Board & President
AGE
57
TENURE
3.8 yrs

Hongmin Shi

TITLE
VP, CFO & Executive Director
AGE
51
TENURE
1.2 yrs

Jianhua Wan

TITLE
Independent Non-Executive Director
AGE
63
TENURE
4.3 yrs

Jianxin Xu

TITLE
Independent Non-Executive Director
AGE
64
TENURE
4.3 yrs

Zheng Sun

TITLE
Independent Non-Executive Director
AGE
62
TENURE
2.3 yrs

Jinan Liu

TITLE
Vice Chairman of the Board of Supervisors
AGE
55
TENURE
2.5 yrs

David Kwok

TITLE
Non-Executive Director
AGE
66
TENURE
6.7 yrs

Jun Ye

TITLE
Non-Executive Director
AGE
47
TENURE
6.7 yrs

Xuyuan Chen

TITLE
Non-Executive Director
AGE
63
TENURE
5.7 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 Shanghai'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 Shanghai 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

Bank of Shanghai Co., Ltd. provides various personal and corporate banking products and services primarily in Mainland China. It operates through Corporate Banking, Retail Banking, Treasury Business, and Others segments. The company offers current, time-demand, fixed, education, individual call, interest-on-interest, and foreign exchange deposits; and individual housing loans, license plate loans, and loans for individual studies. It also provides certificate and savings bonds; open-ended funds; unit-linked, annuities, health, and life insurance services; and debit and credit cards. In addition, the company offers fixed asset loans, liquidity revolving loans, mortgage loans, syndicated loans, corporation overdrafts, and working capital loans; and settlement services, such as cheque, cashier’s order, bank and trade acceptance, remittance, collection with acceptance, consignment collection, and periodical credit services. Further, it provides intermediary services comprising entrusted loan of unit, tender guarantee, performance guarantee, advance payment guarantee, quality and maintenance guarantee, payment guarantee, and credit certification services; and supply chain services consisting of advance payment financing, chattel mortgage credit extension, accounts receivable financing, credit insurance financing, auto dealer financing, order financing, and domestic letter of credit services, as well as online, mobile, and telephone banking services. Additionally, the company offers investment banking, cash management, wealth management, securities agency, pension finance, financial consulting and advisory, derivatives, foreign currency trading, and equity investments services. As of December 31, 2017, it operated 312 branches and 558 self-service stations. The company was formerly known as Shanghai City United Bank Ltd. and changed its name to Bank of Shanghai Co., Ltd. in July 1998. Bank of Shanghai Co., Ltd. was founded in 1995 and is based in Shanghai, China.

Details
Name: Bank of Shanghai Co., Ltd.
601229
Exchange: XSSC
Founded: 1995
CN¥131,836,586,336
14,206,528,700
Website: http://www.bosc.cn
Address: Bank of Shanghai Co., Ltd.
No. 168, Middle Yincheng Road,
Pudong New District,
Shanghai,
200120,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601229 Domestic Shares Shanghai Stock Exchange CN CNY 16. Nov 2016
XSSC 601229 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 16. Nov 2016
Number of employees
Current staff
Staff numbers
10,459
Bank of Shanghai employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 15:39
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/11/19
Last earnings filing: 2019/10/25
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.