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Bank of Chengdu

XSSC:601838
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601838
XSSC
CN¥31B
Market Cap
  1. Home
  2. CN
  3. Banks
Company description

Bank of Chengdu Co., Ltd. provides various commercial banking products and services in China. The last earnings update was 41 days ago. More info.


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601838 Share Price and Events
7 Day Returns
-0.5%
XSSC:601838
0.5%
CN Banks
2.2%
CN Market
1 Year Returns
2.2%
XSSC:601838
18.6%
CN Banks
19.6%
CN Market
601838 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Chengdu (601838) -0.5% -3.2% 1.8% 2.2% - -
CN Banks 0.5% -4.2% 3% 18.6% 10% 55.1%
CN Market 2.2% -1% -3.5% 19.6% -13% 6.6%
1 Year Return vs Industry and Market
  • 601838 underperformed the Banks industry which returned 18.6% over the past year.
  • 601838 underperformed the Market in China which returned 19.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Bank of Chengdu 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 Chengdu 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 Chengdu.

XSSC:601838 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¥11.23 * 15%
CN¥1.69
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. CN¥11.23
Discount Rate (Cost of Equity) See below 11.3%
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:601838
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 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.624 (1 + (1- 25%) (376.99%))
1.275
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.275 * 6.33%)
11.27%

Discounted Cash Flow Calculation for XSSC:601838 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Chengdu 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:601838 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15% – 11.27%) * CN¥11.23)
CN¥0.42
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.42 / (11.27% - 3.2%)
CN¥5.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥11.23 + CN¥5.21
CN¥16.44
XSSC:601838 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSSC:601838 represents 1.00708x of SHSE:601838
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00708x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 16.44 x 1.00708
CN¥16.56
Value per share (CNY) From above. CN¥16.56
Current discount Discount to share price of CN¥8.54
= -1 x (CN¥8.54 - CN¥16.56) / CN¥16.56
48.4%

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

Current Discount
Amount off the current price Bank of Chengdu is available for.
Intrinsic value
48%
Share price is CN¥8.54 vs Future cash flow value of CN¥16.56
Current Discount Checks
For Bank of Chengdu to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank of Chengdu's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank of Chengdu's share price is below the future cash flow value, and 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 Chengdu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Chengdu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:601838 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.46
SHSE:601838 Share Price ** SHSE (2019-12-09) in CNY CN¥8.48
China Banks Industry PE Ratio Median Figure of 25 Publicly-Listed Banks Companies 7.83x
China Market PE Ratio Median Figure of 3,000 Publicly-Listed Companies 30.51x

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

** Primary Listing of Bank of Chengdu.

XSSC:601838 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601838 Share Price ÷ EPS (both in CNY)

= 8.48 ÷ 1.46

5.82x

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

  • Bank of Chengdu is good value based on earnings compared to the CN Banks industry average.
  • Bank of Chengdu is good value based on earnings compared to the China market.
Price based on expected Growth
Does Bank of Chengdu's expected growth come at a high price?
Raw Data
XSSC:601838 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
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 1.21x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Bank of Chengdu, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Chengdu's assets?
Raw Data
XSSC:601838 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥9.40
SHSE:601838 Share Price * SHSE (2019-12-09) in CNY CN¥8.48
China Banks Industry PB Ratio Median Figure of 25 Publicly-Listed Banks Companies 0.88x
China Market PB Ratio Median Figure of 3,607 Publicly-Listed Companies 2.23x
XSSC:601838 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601838 Share Price ÷ Book Value per Share (both in CNY)

= 8.48 ÷ 9.40

0.9x

* Primary Listing of Bank of Chengdu.

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

  • Bank of Chengdu is overvalued based on assets compared to the CN Banks industry average.
X
Value checks
We assess Bank of Chengdu'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 Chengdu 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 Chengdu expected to perform in the next 1 to 3 years based on estimates from 2 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
21%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Bank of Chengdu expected to grow at an attractive rate?
  • Unable to compare Bank of Chengdu's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bank of Chengdu's earnings growth to the China market average as no estimate data is available.
  • Bank of Chengdu's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:601838 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:601838 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 21%
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 15.7%

*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:601838 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:601838 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 17,905 2
2020-12-31 15,578 2
2019-12-31 13,533 2
2019-12-10
XSSC:601838 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 9,135 -32,342 5,261
2019-06-30 8,771 -27,855 5,031
2019-03-31 8,533 16,122 4,884
2018-12-31 8,148 -11,900 4,649
2018-09-30 7,767 2,173 4,494
2018-06-30 7,797 31,385 4,379
2018-03-31 7,445 30,696 4,084
2017-12-31 7,387 42,607 3,909
2016-12-31 6,001 13,347 2,577

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bank of Chengdu is high growth as no earnings estimate data is available.
  • Bank of Chengdu's revenue is expected to grow significantly at over 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:601838 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 2 Analyst Estimates (S&P Global) See Below

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

XSSC:601838 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-12-10
XSSC:601838 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.46
2019-06-30 1.39
2019-03-31 1.35
2018-12-31 1.30
2018-09-30 1.29
2018-06-30 1.30
2018-03-31 1.24
2017-12-31 1.20
2016-12-31 0.79

*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 Chengdu 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 Chengdu'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 Chengdu 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 Chengdu 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 Chengdu'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 Chengdu's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Chengdu's 1-year earnings growth exceeds its 5-year average (17.1% vs 11.8%)
  • Bank of Chengdu's earnings growth has exceeded the CN Banks industry average in the past year (17.1% vs 10.4%).
Earnings and Revenue History
Bank of Chengdu'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 Chengdu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601838 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 9,135.11 5,260.75 3,192.20
2019-06-30 8,771.11 5,030.95 3,127.06
2019-03-31 8,533.23 4,884.10 3,044.32
2018-12-31 8,148.31 4,649.13 2,986.48
2018-09-30 7,767.22 4,494.40 2,832.28
2018-06-30 7,796.94 4,379.30 2,854.16
2018-03-31 7,445.06 4,083.72 2,751.68
2017-12-31 7,386.53 3,908.58 2,728.77
2016-12-31 6,000.94 2,577.49 2,568.99
2015-12-31 6,616.23 2,816.19 2,398.35
2014-12-31 7,798.31 3,548.14 2,506.58
2013-12-31 6,451.90 2,975.07 2,153.25
2012-12-31 5,337.99 2,541.57 1,674.88

*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 Chengdu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Chengdu used its assets more efficiently than the CN Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Chengdu 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 Chengdu'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 Chengdu has a total score of 4/6, 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 Chengdu'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 Chengdu'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 Chengdu Company Filings, last reported 2 months ago.

XSSC:601838 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 34,034.56 115,478.30 126,624.39
2019-06-30 32,502.57 105,926.44 107,719.85
2019-03-31 32,599.37 103,272.19 129,051.72
2018-12-31 31,276.07 93,811.03 76,637.99
2018-09-30 29,975.37 84,441.12 73,530.19
2018-06-30 28,613.65 80,616.35 105,657.24
2018-03-31 28,513.66 90,995.60 96,870.13
2017-12-31 25,024.44 86,460.18 105,102.93
2016-12-31 21,983.76 56,025.23 72,378.68
2015-12-31 20,279.08 45,252.37 73,621.48
2014-12-31 18,199.29 46,678.51 66,148.72
2013-12-31 15,209.36 18,794.47 62,509.85
2012-12-31 12,900.02 26,539.43 81,307.04
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 Chengdu has an acceptable proportion of non-loan assets held.
  • Bank of Chengdu's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Chengdu are broadly funded by customer deposits.
  • Bank of Chengdu's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Chengdu has a sufficient allowance for bad loans.
  • Bank of Chengdu has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Chengdu'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 Chengdu 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 Chengdu'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
4.13%
Current annual income from Bank of Chengdu dividends. Estimated to be 4.95% next year.
If you bought CN¥2,000 of Bank of Chengdu shares you are expected to receive CN¥83 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 Chengdu's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.47%).
  • Bank of Chengdu'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:601838 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 2 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 2578 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:601838 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.49 1.00
2020-12-31 0.41 1.00
2019-12-31 0.36 1.00
2019-12-10
XSSC:601838 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-11 0.350 4.172
2018-05-31 0.280 3.204

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

  • Whilst dividend payments have been stable, Bank of Chengdu has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bank of Chengdu only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Bank of Chengdu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Bank of Chengdu'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 Chengdu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Chengdu has a total score of 4/6, 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 Chengdu'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
Hui Wang
COMPENSATION CN¥1,375,200
AGE 52
TENURE AS CEO 6.5 years
CEO Bio

Mr. Hui Wang is Chairman and President of Bank of Chengdu Co. Ltd. since 2018. Mr. Wang is a Senior Economist with a Doctor degree in Finance from Chinese Finance Research Institute of South western University of Finance and Economics (“SWUFE”). He has successively served as Chief of Investment Credit Section of Sichuan Branch of China Construction Bank ("CCB”); Head of Investment Credit Department of Chengdu Branch of CCB; President of Chengdu 6th Sub Branch of CCB; Deputy General Manager of Operational Department of Sichuan Branch of CCB (former Chengdu Branch); President of Chengdu 1st Branch of CCB; and Chairman of the Board of Directors of Sichuan Jincheng Consumer Finance Co., Ltd. He served as Vice Chairman of the Board of Directors of Bank of Chengdu Co. Ltd. From March 2005 to July 2005, he had been the President of BOCD. From July 2005 to October2005, he has served as the President and Director of BOCD. From October2005to January 2010, he has been the President, Director and Party Committee Member of BOCD. From January 2010toJune2013, he has served as Vice Chairman of the Board of Directors and Party Committee Member of BOCD; meanwhile he has also served as Chairman of the Board of Directors of Sichuan Jincheng Consumer Finance Co., Ltd. From June2013toApril2015, he has been President, Director and Party Committee Member of BOCD. From June 2013 to June 2014, he has served as the Chairman of the Board of Directors of Sichuan Jincheng Consumer Finance Co., Ltd. Since April 2015, he has been serving as the President, Director and Deputy Party Secretary of BOCD.

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

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

3.6
Average Tenure
53
Average Age
  • The tenure for the Bank of Chengdu management team is about average.
Management Team

Weizhong He

TITLE
Vice Chairman
COMPENSATION
CN¥1M

Bing Cai

TITLE
VP & Chief Information Officer
COMPENSATION
CN¥502K
AGE
50
TENURE
4 yrs

Xiaoying Wei

TITLE
Director of Human Resources
COMPENSATION
CN¥511K
AGE
54
TENURE
2.9 yrs

Jinming Li

TITLE
Vice President
COMPENSATION
CN¥512K
AGE
55

Wanrong Li

TITLE
Vice President
COMPENSATION
CN¥512K
AGE
52

Jun Zheng

TITLE
Chief Economist
COMPENSATION
CN¥507K
AGE
55
TENURE
3.3 yrs

Hui Wang

TITLE
Chairman & President
COMPENSATION
CN¥1M
AGE
52
TENURE
6.5 yrs
Board of Directors Tenure

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

2.9
Average Tenure
55.5
Average Age
  • The average tenure for the Bank of Chengdu board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hui Wang

TITLE
Chairman & President
COMPENSATION
CN¥1M
AGE
52
TENURE
1.9 yrs

Aaron Ho

TITLE
Vice Chairman of the Board
AGE
64
TENURE
11.5 yrs

Bo Sun

TITLE
Chief Supervisor
AGE
51
TENURE
2.9 yrs

Ailan Li

TITLE
Director
COMPENSATION
CN¥512K
AGE
57
TENURE
13.5 yrs

Leng Hai Kwek

TITLE
Director
AGE
66
TENURE
11.5 yrs

Zugang You

TITLE
Director
AGE
57
TENURE
9.9 yrs

Rong Yang

TITLE
Director
COMPENSATION
CN¥512K
AGE
59
TENURE
2.9 yrs

Chiping Shao

TITLE
Independent Director
COMPENSATION
CN¥180K
AGE
54
TENURE
2.9 yrs

Bin Fan

TITLE
Independent Director
COMPENSATION
CN¥180K
AGE
52
TENURE
2.9 yrs

Lixin Wang

TITLE
Director
AGE
53
TENURE
2.9 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 Chengdu'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 Chengdu 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 Chengdu Co., Ltd. provides various commercial banking products and services in China. The company offers personal and corporate deposits, personal and corporate loans, personal finance, trade chain financing, credit cards, and guarantee services. It also provides foreign exchange services; and other financial services, such as payroll, social insurance, and utility fees collection services. The company was formerly known as Chengdu City Commercial Bank Co., Ltd. and changed its name to Bank of Chengdu Co., Ltd. in August 2008. Bank of Chengdu Co., Ltd. was founded in 1996 and is based in Chengdu, China.

Details
Name: Bank of Chengdu Co., Ltd.
601838
Exchange: XSSC
Founded: 1996
CN¥30,631,891,312
3,612,251,334
Website: http://www.bocd.com.cn
Address: Bank of Chengdu Co., Ltd.
No. 16, Xiyu Street,
Chengdu,
Sichuan Province, 610015,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601838 Domestic Shares Shanghai Stock Exchange CN CNY 31. Jan 2018
XSSC 601838 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 31. Jan 2018
Number of employees
Current staff
Staff numbers
5,529
Bank of Chengdu employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 16:20
End of day share price update: 2019/12/09 00:00
Last estimates confirmation: 2019/11/06
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.