Postal Savings Bank of China Co., Ltd.

SEHK-1658

Basic

Market Cap
HK$511.28B
EV
—
Shares Out
99.16B
Revenue
CN¥319.63B
Employees
181,964

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
28.44%
Net
26.88%
FCF
-308.52%

Returns (5Yr Avg)

ROA
0.61%
ROTA
10.47%
ROE
10.44%
ROCE
—
ROIC
0.75%

Valuation (TTM)

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

Valuation (NTM)

Price Target
HK$5.01
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-CN¥2,841.56B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
9.96%
Rev 5Yr
8.95%
Rev 10Yr
—
Dil EPS 3Yr
4.15%
Dil EPS 5Yr
4.74%
Dil EPS 10Yr
2.35%
Rev Fwd 2Yr
3.57%
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
3.16%
EPS LT Growth Est
1%

Dividends

Yield
—
Payout
32.1%
DPS
CN¥0.26
DPS Growth 3Yr
7.77%
DPS Growth 5Yr
6.15%
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
1.74%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						390,700	416,252	451,567	474,240	498,327	504,532
Interest Income, Total						390,700	416,252	451,567	474,240	498,327	504,532
Interest On Deposits						148,014	162,874	182,185	200,647	216,524	220,554
Interest Expense, Total						148,014	162,874	182,185	200,647	216,524	220,554
Net Interest Income						242,686	253,378	269,382	273,593	281,803	283,978
Income From Trading Activities					—	3,747	3,259	3,286	3,673	4,460	4,520
Gain (Loss) on Sale of Assets	—					—	-70	-32	1	-10	-10
Gain (Loss) on Sale of Invest. & Securities					—	12,576	15,922	23,687	22,479	26,961	28,010
Income (Loss) on Equity Invest.	—	—	—	—	—	—	—	—	3	18	18
Total Other Non Interest Income						18,107	14,048	22,784	35,642	29,680	27,648
Non Interest Income, Total						34,430	33,159	49,725	61,798	61,109	60,186
Revenues Before Provison For Loan Losses						277,116	286,537	319,107	335,391	342,912	344,164
Provision For Loan Losses						55,384	50,398	46,638	35,328	26,167	24,531
Total Revenues						221,732	236,139	272,469	300,063	316,745	319,633
Total Revenues % Chg.						8.1%	6.5%	15.4%	10.1%	5.6%	4.4%
Salaries And Other Employee Benefits					—	50,039	51,355	59,228	62,878	64,017	64,017
Occupancy Expense					—	7,225	8,078	9,037	11,300	12,128	12,128
Selling General & Admin Expenses, Total						34	—	30	30	35	35
Total Other Non Interest Expense						100,689	108,570	122,720	134,491	148,966	152,558
Non Operating (Income) Expenses	—	—	—	—		—	—	—	—	—	—
Non Interest Expense, Total						157,987	168,003	191,015	208,699	225,146	228,738
EBT, Excl. Unusual Items						63,745	68,136	81,454	91,364	91,599	90,895
Other Unusual Items	—	—	—	—		—	—	—	—	—	—
EBT, Incl. Unusual Items						63,745	68,136	81,454	91,364	91,599	90,895
Income Tax Expense						2,709	3,818	4,922	6,009	5,175	4,799
Earnings From Continuing Operations						61,036	64,318	76,532	85,355	86,424	86,096
Minority Interest	—					-103	-119	-362	-131	-154	-180
Net Income						60,933	64,199	76,170	85,224	86,270	85,916
Preferred Dividend and Other Adjustments	—	—	—	—		2,501	2,584	5,276	6,708	5,316	5,316
Net Income to Common Incl Extra Items						58,432	61,615	70,894	78,516	80,954	80,600
Net Income to Common Excl. Extra Items						58,432	61,615	70,894	78,516	80,954	80,600
Total Shares Outstanding						86,202.7	86,978.6	92,384	92,384	99,161.1	99,161.1
Weighted Avg. Shares Outstanding						81,341	86,914	91,033	92,384	97,527	99,119.7
Weighted Avg. Shares Outstanding Dil						81,341	86,914	91,033	92,384	97,527	99,119.7
EPS						0.7	0.7	0.8	0.8	0.8	0.8
EPS Diluted						0.7	0.7	0.8	0.8	0.8	0.8
Effective Tax Rate						4.2%	5.6%	6%	6.6%	5.6%	5.3%