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China Citic Bank Corp Stock

China Citic Bank Corp P/E 2024

China Citic Bank Corp P/E

7.9

Ticker

601998.SS

ISIN

CNE1000000R4

As of Nov 17, 2024, China Citic Bank Corp's P/E ratio was 7.9, a 36.68% change from the 5.78 P/E ratio recorded in the previous year.

The China Citic Bank Corp P/E history

China Citic Bank Corp Aktienanalyse

What does China Citic Bank Corp do?

China Citic Bank Corp Ltd, also known as CITIC Bank, is one of the largest commercial banks in China. It was founded in 1987 and is headquartered in Beijing. The CITIC Bank has a broad business model focusing on the needs of corporations, investors, and retail customers. It offers a variety of banking and financial services, such as deposits, loans, wealth management, and investment banking. The company operates in various sectors including the financial sector, automotive industry, and real estate sector. The primary business of the bank is lending. It offers loans to corporations and individuals on different terms. CITIC Bank also has partnerships with other banks to lend money and minimize credit risks. In addition, the bank provides investment and advisory services to support companies in recapitalization, mergers and acquisitions. Another important division is wealth management. The bank offers various financial products such as investment funds, stocks, and bonds. These products are available to both retail customers and institutional investors. Wealth management is a significant growth factor for the company, as many Chinese individuals increasingly want to invest in investment products. In the investment banking sector, CITIC Bank provides advisory services to support companies in financing growth strategies, implementing mergers and acquisitions, and initial public offerings. The bank has strong relationships with major Chinese companies, giving it a clear advantage over other investment banks. In the automotive industry, CITIC Bank is represented through a partnership with the Chinese car manufacturer Geely. The company offers financial services such as loans and leasing contracts to support the purchase of Geely cars. The goal is to promote the sale of Geely cars by facilitating financing. CITIC Bank is also active in the real estate sector. It offers financing for the purchase of properties and is involved in various real estate projects. The bank also has partnerships with real estate developers to jointly develop projects and promote the sale of properties. Overall, China Citic Bank Corp Ltd has an impressive balance sheet and is a significant financial institution in China. With a broad business model and a strong focus on the needs of corporations, investors, and retail customers, the bank is well-positioned to continue growing. China Citic Bank Corp ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering China Citic Bank Corp's P/E Ratio

The Price to Earnings (P/E) Ratio of China Citic Bank Corp is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing China Citic Bank Corp's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of China Citic Bank Corp is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in China Citic Bank Corp’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about China Citic Bank Corp stock

What is the price-to-earnings ratio of China Citic Bank Corp?

The price-earnings ratio of China Citic Bank Corp is currently 7.9.

How has the price-earnings ratio of China Citic Bank Corp changed compared to last year?

The price-to-earnings ratio of China Citic Bank Corp has increased by 36.68% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of China Citic Bank Corp high compared to other companies?

Yes, the price-to-earnings ratio of China Citic Bank Corp is high compared to other companies.

How does an increase in the price-earnings ratio of China Citic Bank Corp affect the company?

An increase in the price-earnings ratio of China Citic Bank Corp would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of China Citic Bank Corp affect the company?

A decrease in the price-earnings ratio of China Citic Bank Corp would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of China Citic Bank Corp?

Some factors that influence the price-earnings ratio of China Citic Bank Corp are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does China Citic Bank Corp pay?

Over the past 12 months, China Citic Bank Corp paid a dividend of 0.33 CNY . This corresponds to a dividend yield of about 5.02 %. For the coming 12 months, China Citic Bank Corp is expected to pay a dividend of 0.35 CNY.

What is the dividend yield of China Citic Bank Corp?

The current dividend yield of China Citic Bank Corp is 5.02 %.

When does China Citic Bank Corp pay dividends?

China Citic Bank Corp pays a quarterly dividend. This is distributed in the months of August, August, August, August.

How secure is the dividend of China Citic Bank Corp?

China Citic Bank Corp paid dividends every year for the past 0 years.

What is the dividend of China Citic Bank Corp?

For the upcoming 12 months, dividends amounting to 0.35 CNY are expected. This corresponds to a dividend yield of 5.33 %.

In which sector is China Citic Bank Corp located?

China Citic Bank Corp is assigned to the 'Finance' sector.

Wann musste ich die Aktien von China Citic Bank Corp kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of China Citic Bank Corp from 7/10/2024 amounting to 0.326 CNY, you needed to have the stock in your portfolio before the ex-date on 7/10/2024.

When did China Citic Bank Corp pay the last dividend?

The last dividend was paid out on 7/10/2024.

What was the dividend of China Citic Bank Corp in the year 2023?

In the year 2023, China Citic Bank Corp distributed 0.302 CNY as dividends.

In which currency does China Citic Bank Corp pay out the dividend?

The dividends of China Citic Bank Corp are distributed in CNY.

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Andere Kennzahlen von China Citic Bank Corp

Our stock analysis for China Citic Bank Corp Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of China Citic Bank Corp Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.