Agricultural Bank of China Ltd Class H ACGBF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
-
ICBC's Profit Slips as Low Rates Weigh — Update
-
Major Chinese Banks Lower Deposit Rates to Protect Margins — Update
-
Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks
-
China's Big Banks Cut Deposit Rates as Growth Plateaus
-
One bank exits the world's systemically important as JPMorgan Chase again required to have top capital
-
Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
-
Chinese Bank Stocks Gain After State Fund Raises Stakes
-
Major Chinese Banks Cut Yuan Deposit Rates to Protect Profits
Trading Information
- Previous Close Price
- $0.46
- Day Range
- $0.46–0.46
- 52-Week Range
- $0.35–0.49
- Bid/Ask
- $0.43 / $0.56
- Market Cap
- $160.99 Bil
- Volume/Avg
- 2,000 / 63,977
Key Statistics
- Price/Earnings (Normalized)
- 4.87
- Price/Sales
- 1.80
- Dividend Yield (Trailing)
- 7.05%
- Dividend Yield (Forward)
- 7.18%
- Total Yield
- 7.05%
Company Profile
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 40.14% and 35.29%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 56%, and 3% of total revenue in the first half of 2024, respectively. Rural banking and urban banking contributed 50% and 50% of total revenue during the same period.
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Stock Style Box
- Large Value
- Total Number of Employees
- 446,023
- Website
- https://www.abchina.com
Competitors
Valuation
Metric
|
ACGBF
|
601988
|
601939
|
---|---|---|---|
Price/Earnings (Normalized) | 4.87 | 6.84 | 6.21 |
Price/Book Value | 0.47 | 0.64 | 0.65 |
Price/Sales | 1.80 | 2.55 | 2.66 |
Price/Cash Flow | 8.14 | 7.07 | 9.68 |
Price/Earnings
ACGBF
601988
601939
Financial Strength
Metric
|
ACGBF
|
601988
|
601939
|
---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
Metric
|
ACGBF
|
601988
|
601939
|
---|---|---|---|
Return on Assets (Normalized) | 0.66% | 0.71% | 0.85% |
Return on Equity (Normalized) | 11.13% | 10.36% | 11.26% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
ACGBF
601988
601939
Banks - Diversified Industry Comparables
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|---|
JPMorgan Chase & Co
JPM
| Lnrmlywrp | Zfcrk | $601.0 Bil | |||
Bank of America Corp
BAC
| Pgsxpbg | Cdzf | $311.2 Bil | |||
Wells Fargo & Co
WFC
| Nflvdkqbn | Fcvb | $193.9 Bil | |||
Royal Bank of Canada
RY
| Lvznrkcy | Ptmkg | $173.5 Bil | |||
HSBC Holdings PLC ADR
HSBC
| Gfmqswgzw | Tgsc | $165.4 Bil | |||
Citigroup Inc
C
| Clfhwrqm | Fnvd | $119.5 Bil | |||
Mitsubishi UFJ Financial Group Inc ADR
MUFG
| Lzwxcvyph | Qyz | $117.5 Bil | |||
The Toronto-Dominion Bank
TD
| Qqwxgkqtv | Wgkp | $111.6 Bil | |||
UBS Group AG
UBS
| Btmtllsmz | Wdyfhdm | $99.3 Bil | |||
Banco Santander SA ADR
SAN
| Ppckb | Fpfszf | $76.0 Bil |