- The Industrial Bank’s net income for the fiscal year was 77.12 billion yuan, marking a 16% decrease from the previous year.
- Estimates had placed the net income at 83.8 billion yuan, indicating a miss on projected figures.
- Net interest income, however, saw a slight increase of 0.8% year on year, with a total of 146.5 billion yuan. This was slightly above the estimate of 145.94 billion yuan.
- The bank’s final dividend per share was 1.040 yuan, down from 1.188 yuan from the previous year.
- Return on assets dropped to 0.8% from 1.03% the previous year, slightly below the estimated 0.88%.
- Return on equity also decreased to 10.6% from 13.9% the previous year, missing the estimate of 11.7%.
- The bank’s Common Equity Tier 1 ratio was 9.76%, a slight decrease from 9.81% the previous year, but still above the estimated 9.71%.
- The bank’s performance has received mixed reviews, with 22 buys, 3 holds, and 3 sells.
A look at Industrial Bank Co Ltd A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Industrial Bank Co Ltd A has a positive long-term outlook. With a Value score of 5, the company is deemed to have strong financials and is undervalued in the market. Its Dividend score of 5 indicates that it has a history of consistently paying out dividends to its shareholders, making it an attractive investment for income-seeking investors.
The company also scores well in Growth and Momentum with scores of 4, showing its potential for future growth and its ability to generate positive returns for its investors. However, it has a Resilience score of 2, which suggests that it may be more susceptible to economic downturns or market fluctuations.
Overall, Industrial Bank Co Ltd A is a well-established banking company that offers a range of services to individuals, enterprises, and other clients. Its strong financials, consistent dividends, and potential for growth make it a promising investment option for long-term investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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