Agricultural Bank of China Ltd ADR ACGBY
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
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China's Big Banks Cut Deposit Rates as Growth Plateaus
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One bank exits the world's systemically important as JPMorgan Chase again required to have top capital
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Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
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Chinese Bank Stocks Gain After State Fund Raises Stakes
Trading Information
- Previous Close Price
- $11.99
- Day Range
- $12.16–12.26
- 52-Week Range
- $8.88–13.08
- Bid/Ask
- $11.95 / $12.47
- Market Cap
- $171.11 Bil
- Volume/Avg
- 8,493 / 10,364
Key Statistics
- Price/Earnings (Normalized)
- 5.18
- Price/Sales
- 1.91
- Dividend Yield (Trailing)
- 6.62%
- Dividend Yield (Forward)
- 6.62%
- Total Yield
- 6.62%
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
|
ACGBY
|
601988
|
601939
|
|---|---|---|---|
Price/Earnings (Normalized) | 5.18 | 6.84 | 6.21 |
Price/Book Value | 0.50 | 0.64 | 0.65 |
Price/Sales | 1.91 | 2.55 | 2.66 |
Price/Cash Flow | 8.66 | 7.07 | 9.68 |
Price/Earnings
ACGBY
601988
601939
Financial Strength
|
Metric
|
ACGBY
|
601988
|
601939
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
ACGBY
|
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
ACGBY
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
| Rcyxbmmty | Pjrpj | $601.0 Bil | |||
| Bank of America Corp
BAC
| Dxmxqspp | Dyrn | $311.2 Bil | |||
| Wells Fargo & Co
WFC
| Ksvkfdbpp | Cpczw | $193.9 Bil | |||
| Royal Bank of Canada
RY
| Wbypbtjrhz | Lyfs | $173.5 Bil | |||
| HSBC Holdings PLC ADR
HSBC
| Hqmvxkjh | Gsnjt | $165.3 Bil | |||
| Citigroup Inc
C
| Zghbhwjn | Fycz | $119.5 Bil | |||
| Mitsubishi UFJ Financial Group Inc ADR
MUFG
| Gjzxhkvr | Fxpdl | $117.5 Bil | |||
| The Toronto-Dominion Bank
TD
| Jklspxkpx | Lxjy | $111.6 Bil | |||
| UBS Group AG
UBS
| Pbbtrtjlpx | Pkydsd | $99.3 Bil | |||
| Banco Santander SA ADR
SAN
| Zjcwk | Fhbgwj | $76.0 Bil |
United States