Projected Income Statement: Chongqing Rural Commercial Bank Co., Ltd.

Forecast Balance Sheet: Chongqing Rural Commercial Bank Co., Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 146,887 - - - - - - -
Change - - - - - - - -
Announcement Date 3/30/22 3/30/23 3/28/24 3/25/25 3/25/26 - - -
Estimates

Cash Flow Forecast: Chongqing Rural Commercial Bank Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 790.1 880.7 610.9 1,036 490.2 1,732
Change - 11.46% -30.64% 69.65% -52.7% 253.38%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 3/30/21 3/30/22 3/30/23 3/28/24 3/25/25 3/25/26
1CNY in Million
Estimates

Forecast Financial Ratios: Chongqing Rural Commercial Bank Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 36.29% 40.05% 43.62% 45.46% 67.1% 66.42% 63.78% 62.8%
EBT Margin (%) - 36.32% 39.87% 43.63% 45.35% 47.85% 48.83% 49.62% 50.02%
Net margin (%) - 31% 35.44% 39% 40.74% 41.5% 42.93% 43.83% 44.33%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.81% 0.8% 0.8% 0.8% 0.75% 0.77% 0.77% 0.77%
ROE - 9.82% 9.76% 9.58% 9.05% 9.18% 9.16% 9.5% 9.77%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 0.2525 0.2714 0.2885 0.3046 0.3209 0.346 0.3801 0.4068
Change - - 7.49% 6.3% 5.58% 5.35% 7.83% 9.85% 7.04%
Book Value Per Share 1 - 9.241 10.01 10.76 11.63 12.11 12.44 13.49 14.32
Change - - 8.36% 7.43% 8.15% 4.11% 2.74% 8.37% 6.18%
EPS 1 - 0.84 0.89 0.94 0.99 1.05 1.149 1.259 1.352
Change - - 5.95% 5.62% 5.32% 6.06% 9.46% 9.55% 7.38%
Nbr of stocks (in thousands) - 11,357,000 11,357,000 11,357,000 11,357,000 11,357,000 11,357,000 11,357,000 11,357,000
Announcement Date - 3/30/22 3/30/23 3/28/24 3/25/25 3/25/26 - - -
1CNY
Estimates
2026 *2027 *
P/E Ratio 5.03x 4.59x
PBR 0.46x 0.43x
EV / Sales 2.49x 2.34x
Yield 5.99% 6.58%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
5.777CNY
Average target price
7.113CNY
Spread / Average Target
+23.11%

Quarterly revenue - Rate of surprise

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