Full text
Earnings transcript
Read the complete earnings call transcript.
6013
601398.SS
Industrial & Commercial Bank of China Ltd.
$8.13
0.03
(0.37%)
| Exchange: | SHH |
| Market Cap: | 2.898T |
| Shares Outstanding: | 363.336B |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | Lin Liao | |||||
| Full Time Employees: | 409758 | |||||
| Address: |
| |||||
| Website: | https://www.icbc-ltd.com |
Industrial and Commercial Bank of China Limited (ICBC), alongside its various subsidiaries, offers a comprehensive array of banking and financial solutions, serving clients both within its home country, China, and across global markets. Its operations are structured into three primary divisions: Corporate Banking, Personal Banking, and Treasury Operations. The Corporate Banking division caters to businesses, government entities, and other financial institutions with a range of tailored products, including corporate lending, trade finance, deposit accounts, business wealth management, custodial services, and diverse corporate intermediary services. For individual customers, the Personal Banking segment provides offerings such as personal loans, credit and debit cards, savings accounts, personal wealth management, and intermediary financial guidance. The Treasury Operations segment actively engages in money market transactions, investment in securities, foreign exchange dealings, and the management of derivative positions. Additionally, ICBC extends its services to include e-banking, investment banking, financial leasing, and insurance. Established in 1984, the institution maintains its headquarters in Beijing, People’s Republic of China.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 657,650,000 | 660,387,000 | 1,544,181,000 |
| Gross Profit | 657,650,000 | 660,387,000 | 697,856,000 |
| EBITDA | 34,774,000 | 34,538,000 | 447,915,000 |
| Operating Income | 487,711,000 | 488,559,000 | 419,661,000 |
| Net Income | 363,993,000 | 365,863,000 | 368,562,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 44,697,079,000 | 48,821,746,000 | 53,477,773,000 |
| Total Liabilities | 40,920,491,000 | 44,834,480,000 | 49,475,479,000 |
| Total Stockholders Equity | 3,756,887,000 | 3,969,841,000 | 3,974,529,000 |
| Total Debt | 1,898,250,000 | 2,599,150,000 | 10,270,995,000 |
| Cash and Cash Equivalents | 5,298,435,000 | 4,751,029,000 | 3,672,850,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,417,002,000 | 579,194,000 | 195,794,000 |
| Capital Expenditure | -14,494,000 | -35,585,000 | -48,979,000 |
| Free Cash Flow | 1,402,508,000 | 543,609,000 | 146,815,000 |
| Net Income | 363,993,000 | 366,946,000 | 368,562,000 |
| Net Change in Cash | 828,881,000 | -465,328,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 899,831,983.009 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,047,766,047.618 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 979,584,834.620 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 454,617,612.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 548,028,697.440 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 504,976,125.598 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 364,029,786.838 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 443,957,454.033 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 407,119,303.309 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 202,908,805.663 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 236,267,393.637 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 220,892,780.643 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.140 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.250 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.020 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about 601398.SS valuation
Is Industrial & Commercial Bank of China Ltd. (601398.SS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Industrial & Commercial Bank of China Ltd. (601398.SS) 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 601398.SS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether 601398.SS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is 601398.SS’s P/E ratio?
You can see 601398.SS’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 601398.SS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is 601398.SS a good long-term investment?
Whether 601398.SS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
601398.SS
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.37
Trading Metrics:
| Open: | 8.1 | Previous Close: | 8.1 | |
| Day Low: | 8.06 | Day High: | 8.21 | |
| Year Low: | 6.85 | Year High: | 8.4 | |
| Price Avg 50: | 7.64 | Price Avg 200: | 7.5 | |
| Volume: | 243.891M | Average Volume: | 373.413M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's free