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Earnings transcript
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0939
0939.HK
China Construction Bank Corporation
$9.77
0.05
(0.46%)
| Exchange: | HKSE |
| Market Cap: | 2.348T |
| Shares Outstanding: | 250.011B |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – DiversifiedView industry performance | |||||
| CEO: | Zhang Yi | |||||
| Full Time Employees: | 378344 | |||||
| Address: |
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| Website: | https://www.ccb.com |
China Construction Bank Corporation delivers a comprehensive range of banking and financial services to individual and corporate clients, both within the People’s Republic of China and across international markets. The institution’s operations are segmented into Corporate Banking, Personal Banking, Treasury Business, and other categories. CCB’s extensive offerings include a diverse array of deposit products, such as foreign currency, RMB, and various corporate and individual account types, alongside a broad spectrum of loan products, from personal financing (like housing and auto loans) to commercial lending for small and medium-sized enterprises (SMEs), traditional credit, and specialized facilities. Beyond core banking, the company provides credit cards, personal gold investment options (physical and account-based), foreign exchange services, access to government and savings bonds, securities accounts, and comprehensive wealth management solutions. Its service portfolio further encompasses transactional services such as collection, payroll processing, third-party payments, insurance agency, and remittances. Additionally, CCB offers international settlement and financing, financial institution services, securities and fund settlement, guarantee-based solutions, consulting, factoring, fund custody, and a full suite of e-banking services. It also caters to specialized institutional requirements, collaborating with government agencies, social security funds, and various banking, securities, and insurance partners. Founded in 1954 and headquartered in Beijing, the People’s Republic of China, China Construction Bank Corporation operates through a vast network of 14,741 banking outlets.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 0939.HK | China Construction Bank Corporation | 2.35T | 8.7 | 48.7 | 0.8% |
 JPM | JPMorgan Chase & Co. | 881.4B | 14.2 | 13.4 | 3.3% |
 BAC | Bank of America Corporation | 353.6B | 12.0 | 11.5 | 29.4% |
 HSBC | HSBC Holdings plc | 310.8B | 13.5 | 10.6 | 1.8% |
 RY | Royal Bank of Canada | 278.9B | 17.6 | 17.2 | 0.9% |
 WFC | Wells Fargo & Company | 247.3B | 11.6 | 11.2 | 6.2% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 622,343,000 | 607,870,000 | 1,326,015,445 |
| Gross Profit | 1,408,017,000 | 749,567,000 | 616,229,559 |
| EBITDA | 0 | 414,607,000 | 399,746,751 |
| Operating Income | 414,167,000 | 395,739,000 | 370,772,055 |
| Net Income | 332,653,000 | 335,577,000 | 330,134,737 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 38,324,826,000 | 40,571,149,000 | 45,651,340,398 |
| Total Liabilities | 35,152,752,000 | 37,227,184,000 | 42,103,746,300 |
| Total Stockholders Equity | 3,010,154,000 | 3,322,127,000 | 3,524,918,401 |
| Total Debt | 6,609,374,000 | 2,866,476,000 | 10,075,625,754 |
| Cash and Cash Equivalents | 3,948,975,000 | 3,537,201,000 | 3,054,322,154 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 585,693,000 | 338,023,000 | -28,210,483 |
| Capital Expenditure | -25,093,000 | -29,172,000 | -22,954,138 |
| Free Cash Flow | 560,600,000 | 308,851,000 | -51,164,621 |
| Net Income | 332,653,000 | 336,282,000 | 330,134,737 |
| Net Change in Cash | -218,189,000 | -356,015,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 842,077,031.078 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 994,273,345.396 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 927,274,144.733 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 415,766,906.744 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 509,532,569.125 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 468,255,644.032 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 330,312,002.703 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 410,350,516.881 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 375,116,469.892 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 186,966,347.133 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 220,758,491.896 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 205,882,660.652 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.500 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.320 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates 0939.HK intrinsic value between $6.42 – $8.42 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about 0939.HK valuation
Is China Construction Bank Corporation (0939.HK) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for China Construction Bank Corporation (0939.HK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is 0939.HK a buy, hold, or sell for long-term investors?
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What is 0939.HK’s P/E ratio?
You can see 0939.HK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for 0939.HK?
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0939.HK
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Daily snapshot
0.46
Trading Metrics:
| Open: | 9.82 | Previous Close: | 9.72 | |
| Day Low: | 9.63 | Day High: | 9.9 | |
| Year Low: | 7.37 | Year High: | 9.99 | |
| Price Avg 50: | 9.55 | Price Avg 200: | 8.67 | |
| Volume: | 412.307M | Average Volume: | 221.153M |
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