China Construction Bank Corporation

SEHK-939

Basic

Market Cap
HK$1,381.79B
EV
—
Shares Out
250.01B
Revenue
CN¥620.1B
Employees
376,871

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
62.41%
Net
53.33%
FCF
-270.49%

Returns (5Yr Avg)

ROA
0.99%
ROTA
11.93%
ROE
11.84%
ROCE
—
ROIC
1.15%

Valuation (TTM)

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

Valuation (NTM)

Price Target
HK$6.62
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-CN¥2,185.41B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
2.96%
Rev 5Yr
3.73%
Rev 10Yr
—
Dil EPS 3Yr
6.97%
Dil EPS 5Yr
5.32%
Dil EPS 10Yr
4.06%
Rev Fwd 2Yr
1.69%
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
1.89%
EPS LT Growth Est
1.16%

Dividends

Yield
—
Payout
30.54%
DPS
CN¥0.4
DPS Growth 3Yr
7.06%
DPS Growth 5Yr
5.5%
DPS Growth 10Yr
2.92%
DPS Growth Fwd 2Yr
1.34%

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						909,885	989,509	1,057,334	1,170,573	1,247,366	1,261,487
Interest Income On Investments					—	—	—	—	6,135	5,712	5,500
Interest Income, Total						909,885	989,509	1,057,334	1,176,708	1,253,078	1,266,987
Interest On Deposits						372,819	413,600	451,914	526,904	630,133	647,605
Interest Expense, Total						372,819	413,600	451,914	526,904	630,133	647,605
Net Interest Income						537,066	575,909	605,420	649,804	622,945	619,382
Income From Trading Activities					—	—	—	—	3,632	5,685	5,922
Gain (Loss) on Sale of Assets			—	—	—	—	—	—	—	—	—
Gain (Loss) on Sale of Invest. & Securities					—	—	—	—	-8,740	724	1,800
Income (Loss) on Equity Invest.	—	—	—	—		249	895	1,603	—	—	—
Total Other Non Interest Income						168,314	179,054	217,223	125,246	129,763	126,349
Non Interest Income, Total						168,563	179,949	218,826	120,138	136,172	134,071
Revenues Before Provison For Loan Losses						705,629	755,858	824,246	769,942	759,117	753,453
Provision For Loan Losses						163,000	193,491	167,949	154,535	136,774	133,354
Total Revenues						542,629	562,367	656,297	615,407	622,343	620,099
Total Revenues % Chg.						6.9%	3.6%	16.7%	-6.2%	1.1%	0.4%
Salaries And Other Employee Benefits					—	—	—	—	125,150	128,018	128,018
Amort. of Goodwill & Intang. Assets					—	—	—	—	3,140	3,495	3,495
Occupancy Expense					—	—	—	—	33,558	32,450	32,450
Selling General & Admin Expenses, Total						179,531	179,308	209,863	49,984	47,708	47,708
(Income) Loss on Equity Invest.					—	—	—	—	-1,194	-1,151	-743
Total Other Non Interest Expense						35,623	45,813	67,657	8,633	8,939	8,685
Non Operating (Income) Expenses	—	—	—	—	—	—	630	364	—	—	—
Non Interest Expense, Total						215,154	225,751	277,884	219,271	219,459	219,613
EBT, Excl. Unusual Items						327,475	336,616	378,413	396,136	402,884	400,486
Restructuring Charges	—	—			—	—	—	-1	-5	-5	-5
Asset Writedown		—			—	-521	—	—	—	—	—
Other Unusual Items	—	—	—	—		-357	—	—	-12,432	-13,502	-13,502
EBT, Incl. Unusual Items						326,597	336,616	378,412	383,699	389,377	386,979
Income Tax Expense						57,375	63,037	74,484	58,836	56,917	56,759
Earnings From Continuing Operations						269,222	273,579	303,928	324,863	332,460	330,220
Minority Interest						-2,489	-2,529	-1,415	-136	193	507
Net Income						266,733	271,050	302,513	324,727	332,653	330,727
Preferred Dividend and Other Adjustments	—	—				3,962	5,624	4,538	4,538	5,110	5,110
Net Income to Common Incl Extra Items						262,771	265,426	297,975	320,189	327,543	325,617
Net Income to Common Excl. Extra Items						262,771	265,426	297,975	320,189	327,543	325,617
Total Shares Outstanding						250,011	250,011	250,011	250,011	250,011	250,011
Weighted Avg. Shares Outstanding						250,011	250,011	250,011	250,011	250,011	248,635.3
Weighted Avg. Shares Outstanding Dil						250,011	250,011	250,011	250,011	250,011	248,635.3
EPS						1.1	1.1	1.2	1.3	1.3	1.3
EPS Diluted						1.1	1.1	1.2	1.3	1.3	1.3
Effective Tax Rate						17.6%	18.7%	19.7%	15.3%	14.6%	14.7%