Bank of Ningbo Co Ltd

Chart & Performance

D1W1MN

P/E

6.56

P/S

3.18

EPS

3.87

Div Yield, %

2.37%

Shrs. gr., 5y

2.85%

Rev. gr., 5y

12.81%

Revenues

52.66b

-9.01%

Net income

25.54b

+10.66%

CFO

173.37b

+82.94%

Dividend

Jul 10, 20240.6 CNY/sh

Profile

Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the People's Republic of China. The company operates through Corporate Business, Personal Business, Treasury Business, and Other Business segments. It offers deposits; short-term, medium-term, and long-term loans; bank cards; domestic and international settlement services; bill discounting services; collection and payment agency, cashing proxy, and government bonds underwriting services; sells government and financial bonds; inter-bank lending and borrowing services; safe deposit box services; foreign exchange deposits; foreign currency exchange, loans, and remittances; bank guarantees; and insurance agency services, as well as other banking services. The company also provides financial bonds issuance; handles entrusted loan business of funds used for local fiscal credit turnover; foreign currencies purchase and sale; inter-bank foreign currency lending/borrowing; foreign currency bills acceptance and discount; foreign currency exchange and sales services; foreign exchange lending and guarantee services; and other business services. As of December 31, 2021, it operated 16 branches, 1 capital operation center located in Shanghai, and 19 first-level sub-branches located in the cities of Ningbo and Zhejiang province; Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, Lishui, Huzhou, Quzhou, and Zhoushan. The company was formerly known as Ningbo Commercial Bank Co., Ltd. and changed its name to Bank of Ningbo Co., Ltd. in February 2007. Bank of Ningbo Co., Ltd. was founded in 1997 and is headquartered in Ningbo, the People's Republic of China.

URL

https://www.nbcb.com.cn/

IPO date

Jul 19, 2007

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	52,655,000 -9.01%	57,866,000 9.66%
Cost of revenue	(33,583,000)	21,582,000
Unusual Expense (Income)
NOPBT	86,238,000	36,284,000
NOPBT Margin	163.78%	62.70%
Operating Taxes	2,289,000	2,148,000
Tax Rate	2.65%	5.92%
NOPAT	83,949,000	34,136,000
Net income	25,535,000 10.66%	23,075,000 18.05%
Dividends	(13,756,000)	(3,302,000)
Dividend yield	10.36%	1.54%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		689,922,000
Long-term debt	4,118,000	550,996,000
Deferred revenue		454,000
Other long-term liabilities	1,237,992,000	(548,837,000)
Net debt	(1,294,755,000)	(77,147,000)
Cash flow
Cash from operating activities	173,372,000	94,768,000
CAPEX	(3,707,000)	(2,873,000)
Cash from investing activities	(377,370,000)	(126,945,000)
Cash from financing activities	(70,277,000)	38,776,000
FCF	800,934,000	32,872,000
Balance
Cash	43,790,000	172,580,000
Long term investments	1,255,083,000	1,145,485,000
Excess cash	1,296,240,250	1,315,171,700
Stockholders' equity	192,210,000	130,860,000
Invested Capital	1,232,216,000	1,175,484,000
ROIC	6.97%	2.62%
ROCE	6.05%	1.96%
EV
Common stock shares outstanding	6,604,000	6,604,000
Price	20.10 -38.06%	32.45 -15.23%
Market cap	132,740,400 -38.06%	214,299,800 -6.82%
EV	(1,146,189,600)	152,862,800
EBITDA	88,647,000	38,100,000
EV/EBITDA		4.01
Interest	49,859,000	41,210,000
Interest/NOPBT	57.82%	113.58%