Financials Bank of Nanjing Co., Ltd.

Equities

601009

CNE100000627

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.03 CNY -4.44% Intraday chart for Bank of Nanjing Co., Ltd. -3.22% +22.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 54,795 74,389 80,857 89,663 107,741 93,404 93,404 -
Enterprise Value (EV) 1 54,795 74,389 80,857 89,663 107,741 76,337 93,404 93,404
P/E ratio 5.13 x 6.18 x 6.03 x 6.31 x 6.77 x 5.03 x 4.67 x 4.19 x
Yield 6.07% 4.47% 4.86% 5.31% 5.12% 7.27% 6.23% 6.89%
Capitalization / Revenue 2 x 2.29 x 2.35 x 2.19 x 2.42 x 2.02 x 1.89 x 1.73 x
EV / Revenue 2 x 2.29 x 2.35 x 2.19 x 2.42 x 2.02 x 1.89 x 1.73 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.7 x 0.86 x 0.76 x 0.74 x 0.85 x 0.55 x 0.59 x 0.53 x
Nbr of stocks (in thousands) 8,482,208 8,482,208 10,007,017 10,007,017 10,339,845 10,343,734 10,343,734 -
Reference price 2 6.460 8.770 8.080 8.960 10.42 9.030 9.030 9.030
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 27,406 32,442 34,465 40,925 44,606 46,265 49,417 54,122
EBITDA - - - - - - - -
EBIT 1 12,712 14,938 15,579 19,187 30,632 31,874 32,167 39,418
Operating Margin 46.38% 46.05% 45.2% 46.88% 68.67% 68.89% 65.09% 72.83%
Earnings before Tax (EBT) 1 12,673 14,893 15,501 19,184 21,739 22,861 24,640 27,299
Net income 1 11,073 12,453 13,101 15,857 18,408 18,977 20,471 22,955
Net margin 40.4% 38.39% 38.01% 38.75% 41.27% 41.02% 41.42% 42.41%
EPS 2 1.260 1.420 1.340 1.420 1.540 1.794 1.932 2.155
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3920 0.3920 0.3930 0.4754 0.5339 0.5367 0.5623 0.6224
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 10,624 12,277 11,255 11,656 9,418 12,953 11,351 11,388 - 13,501 12,388 12,388 15,174 15,174
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 4,362 5,936 6,075 5,996 3,732 6,511 6,389 5,661 - - - - - -
Net income 3,513 5,015 5,135 4,820 3,437 5,427 5,258 4,599 - - - - - -
Net margin 33.07% 40.85% 45.63% 41.35% 36.49% 41.9% 46.32% 40.39% - - - - - -
EPS 2 0.2800 0.4300 0.5100 0.3900 0.2100 0.4600 0.4400 0.3700 - 0.5300 0.4600 0.3600 - -
Dividend per Share 2 0.4754 - - - 0.5339 - - - 0.5367 - - 0.5998 - -
Announcement Date 4/15/22 4/15/22 7/3/22 10/28/22 4/28/23 4/28/23 8/30/23 10/30/23 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 17% 16.5% 14.3% 14.9% 15.1% 13.1% 11% 13%
ROA (Net income/ Total Assets) 0.93% 0.96% 0.92% 0.97% 0.95% 0.88% 0.8% 0.86%
Assets 1 1,189,101 1,293,196 1,430,227 1,633,017 1,937,892 2,151,526 2,558,815 2,654,290
Book Value Per Share 2 9.170 10.20 10.70 12.10 12.20 13.50 15.40 17.00
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/5/19 4/29/20 4/29/21 4/15/22 4/28/23 4/26/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
9.03 CNY
Average target price
9.487 CNY
Spread / Average Target
+5.06%
Consensus
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  4. Financials Bank of Nanjing Co., Ltd.