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1 Comment
Industrial and Commercial Bank of China Limited is currently in a long term downtrend where the price is trading 4.1% below its 200 day moving average.
From a valuation standpoint, the stock is 69.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.3.
Industrial and Commercial Bank of China Limited's total revenue rose by 4.3% to $216B since the same quarter in the previous year.
Its net income has increased by 44.2% to $87B since the same quarter in the previous year.
Finally, its free cash flow fell by 104.7% to $-57B since the same quarter in the previous year.
Based on the above factors, Industrial and Commercial Bank of China Limited gets an overall score of 3/5.
| Industry | Banks - Diversified |
|---|---|
| Exchange | SHG |
| CurrencyCode | CNY |
| ISIN | CNE000001P37 |
| Sector | Financial Services |
| Target Price | 6.17 |
|---|---|
| PE Ratio | 7.26 |
| Beta | 0.25 |
| Market Cap | 2T |
| Dividend Yield | None |
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services, such as deposits, trade financing, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions. The Personal Banking segment provides financial products and services, including deposit-taking activities, personal loans, card business, personal wealth management services, and various personal intermediary services to individual customers. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It is also involved in the fund raising, fund sales, asset management, and other businesses; financial leasing; insurance businesses, such as life, health, and accident insurance, as well as reinsurance; sponsorship and underwriting for listing, underwriting for bond issuance, financial consulting, direct investment, sales and trading, asset management, market research, etc.; provision of all-round cross-border comprehensive financial services for corporate and personal customers; debt-for-equity swaps; and issuance of wealth management products, wealth management advisory and consulting services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.
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