` Comparison: 000001, 601166 - Alpha Spread

000001
vs
601166

Over the past 12 months, Ping An Bank Co Ltd has underperformed Industrial Bank Co Ltd, delivering a return of -1% compared to the Industrial Bank Co Ltd's +12% growth.

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000001
601166
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Valuation Comparison

Intrinsic Value
36.89 CNY
Undervaluation 69%
Intrinsic Value
Price
Intrinsic Value
53.1 CNY
Undervaluation 60%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Ping An Bank Co Ltd
SZSE:000001
11.62 CNY
Industrial Bank Co Ltd
SSE:601166
21.09 CNY
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Valuation Scenario:
Bear Case
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Growth Comparison

Growth Over Time
000001, 601166

000001
601166
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Ping An Bank Co Ltd
Revenue
Industrial Bank Co Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
000001, 601166

000001
601166
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Ping An Bank Co Ltd
SZSE:000001
FCF is not applicable for financial companies
Industrial Bank Co Ltd
SSE:601166
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

Ping An Bank Co Ltd
Industrial Bank Co Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Ping An Bank Co Ltd
Not applicable for financial companies
Industrial Bank Co Ltd
Not applicable for financial companies

Operating Margin

Ping An Bank Co Ltd
Industrial Bank Co Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Ping An Bank Co Ltd
Not applicable for financial companies
Industrial Bank Co Ltd
Not applicable for financial companies

Net Margin

Ping An Bank Co Ltd
28.2%
Industrial Bank Co Ltd
33.3%

FCF Margin

Ping An Bank Co Ltd
Industrial Bank Co Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Ping An Bank Co Ltd
Not applicable for financial companies
Industrial Bank Co Ltd
Not applicable for financial companies

ROE

Ping An Bank Co Ltd
8%
Industrial Bank Co Ltd
8.3%

ROA

Ping An Bank Co Ltd
0.7%
Industrial Bank Co Ltd
0.7%

ROIC

Ping An Bank Co Ltd
Industrial Bank Co Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Ping An Bank Co Ltd
Not applicable for financial companies
Industrial Bank Co Ltd
Not applicable for financial companies

ROCE

Ping An Bank Co Ltd
Industrial Bank Co Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Ping An Bank Co Ltd
Not applicable for financial companies
Industrial Bank Co Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
000001, 601166

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000001
601166
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Performance Gap
000001, 601166

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000001
601166
Difference
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Performance By Year
000001, 601166

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601166
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