Agricultural Bank of China Limited

SEHK-1288

Basic

Market Cap
HK$1,734.26B
EV
—
Shares Out
349.98B
Revenue
CN¥557.45B
Employees
451,003

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
54.5%
Net
48.11%
FCF
-469.82%

Returns (5Yr Avg)

ROA
0.81%
ROTA
10.52%
ROE
10.47%
ROCE
—
ROIC
0.94%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
HK$4
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-CN¥1,799.93B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
3.91%
Rev 5Yr
3.31%
Rev 10Yr
—
Dil EPS 3Yr
6.34%
Dil EPS 5Yr
3.84%
Dil EPS 10Yr
2.92%
Rev Fwd 2Yr
2.97%
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
3.56%
EPS LT Growth Est
2.26%

Dividends

Yield
—
Payout
32.34%
DPS
CN¥0.23
DPS Growth 3Yr
7.65%
DPS Growth 5Yr
5.83%
DPS Growth 10Yr
2.69%
DPS Growth Fwd 2Yr
1.35%

Metric	Dec '14	Dec '15	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans				873,140	930,932	1,008,014	1,108,464	1,223,698	1,252,213
Interest Income, Total				873,140	930,932	1,008,014	1,108,464	1,223,698	1,252,213
Interest On Deposits				372,270	385,853	430,027	518,581	651,948	681,535
Interest Expense, Total				372,270	385,853	430,027	518,581	651,948	681,535
Net Interest Income				500,870	545,079	577,987	589,883	571,750	570,678
Income From Trading Activities				19,067	16,405	14,241	5,519	23,124	22,395
Gain (Loss) on Sale of Assets				1,017	1,172	1,032	900	1,037	1,037
Gain (Loss) on Sale of Invest. & Securities				5,793	-7,311	15,046	6,069	17,802	22,020
Total Other Non Interest Income				102,603	103,987	113,440	92,912	81,755	76,120
Non Interest Income, Total				128,480	114,253	143,759	105,400	123,718	121,572
Revenues Before Provison For Loan Losses				629,350	659,332	721,746	695,283	695,468	692,250
Provision For Loan Losses				138,605	164,699	165,886	145,266	135,707	134,805
Total Revenues				490,745	494,633	555,860	550,017	559,761	557,445
Total Revenues % Chg.				5.3%	0.8%	12.4%	-1.1%	1.8%	1.3%
Salaries And Other Employee Benefits				124,206	123,340	137,938	145,603	151,615	151,615
Occupancy Expense				18,711	19,551	19,797	20,745	21,621	21,621
Selling General & Admin Expenses, Total				48,246	49,452	61,558	61,554	62,047	62,047
(Income) Loss on Equity Invest.	—			-45	-518	-409	-66	-189	-73
Total Other Non Interest Expense				32,990	37,753	41,081	15,690	17,235	18,391
Non Interest Expense, Total				224,108	229,578	259,965	243,526	252,329	253,601
EBT, Excl. Unusual Items				266,637	265,055	295,895	306,491	307,432	303,844
Restructuring Charges				-61	-5	-15	-38	-13	-13
Asset Writedown		—	—	—	—	—	—	—	—
EBT, Incl. Unusual Items				266,576	265,050	295,880	306,453	307,419	303,831
Income Tax Expense				53,652	48,650	53,944	47,587	37,599	35,287
Earnings From Continuing Operations				212,924	216,400	241,936	258,866	269,820	268,544
Minority Interest				-826	-475	-753	366	-464	-356
Net Income				212,098	215,925	241,183	259,232	269,356	268,188
Preferred Dividend and Other Adjustments	—			4,600	9,530	13,798	17,239	16,063	16,063
Net Income to Common Incl Extra Items				207,498	206,395	227,385	241,993	253,293	252,125
Net Income to Common Excl. Extra Items				207,498	206,395	227,385	241,993	253,293	252,125
Total Shares Outstanding				349,983	349,983	349,983	349,983	349,983	349,983
Weighted Avg. Shares Outstanding				349,983	349,983	349,983	349,983	349,983	353,153.7
Weighted Avg. Shares Outstanding Dil				349,983	349,983	349,983	349,983	349,983	353,153.7
EPS				0.6	0.6	0.6	0.7	0.7	0.7
EPS Diluted				0.6	0.6	0.6	0.7	0.7	0.7
Effective Tax Rate				20.1%	18.4%	18.2%	15.5%	12.2%	11.6%