Projected Income Statement: Industrial and Commercial Bank of China Limited

Forecast Balance Sheet: Industrial and Commercial Bank of China Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 3/30/22 3/30/23 3/27/24 3/28/25 3/27/26 - - -
Estimates

Cash Flow Forecast: Industrial and Commercial Bank of China Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 38,005 27,584 23,128 31,201 43,297 48,979
Change - -27.42% -16.15% 34.91% 38.77% 13.12%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 4/23/21 4/27/22 4/26/23 4/26/24 3/28/25 3/27/26
1CNY in Million
Estimates

Forecast Financial Ratios: Industrial and Commercial Bank of China Limited

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

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 72.56% 71.37% 70.4% 69.2% 66.68% 70.39% 70.35% 70.83%
EBT Margin (%) - 49.36% 50.22% 52.32% 53.66% 50.63% 51.23% 50.53% 49.48%
Net margin (%) - 39.35% 42.84% 45.13% 46.54% 43.97% 43.8% 43.36% 41.95%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 1.02% 0.97% 0.87% 0.98% 0.72% 0.69% 0.66% 0.64%
ROE - 12.15% 11.43% 10.66% 9.88% 9.45% 9% 8.81% 8.85%

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 - 0.2933 0.3035 0.3064 0.308 0.3103 0.3194 0.334 0.3535
Change - - 3.48% 0.96% 0.52% 0.75% 2.94% 4.55% 5.85%
Book Value Per Share 1 - 8.15 8.81 9.55 10.23 10.83 11.66 12.42 13.39
Change - - 8.1% 8.4% 7.12% 5.87% 7.66% 6.55% 7.81%
EPS 1 - 0.95 0.97 0.98 0.98 1 1.031 1.077 1.141
Change - - 2.11% 1.03% 0% 2.04% 3.08% 4.49% 5.91%
Nbr of stocks (in thousands) - 356,406,257 356,406,257 356,406,257 356,406,257 356,406,257 356,406,257 356,406,257 356,406,257
Announcement Date - 3/30/22 3/30/23 3/27/24 3/28/25 3/27/26 - - -
1CNY
Estimates
2026 *2027 *
P/E 6.01x 5.75x
PBR 0.53x 0.5x
EV / Sales 3.06x 2.9x
Yield 5.16% 5.39%

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
16
Last Close Price
6.194CNY
Average target price
7.202CNY
Spread / Average Target
+16.28%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. 1398 Stock
  4. ICBC19 Stock
  5. Financials Industrial and Commercial Bank of China Limited