Industrial and Commercial Bank of China Ltd
HKEX:1398
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Industrial and Commercial Bank of China Ltd
HKEX:1398
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Coeur Mining Inc
XMUN:CDM1
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Intrinsic Value
The intrinsic value of 
Industrial and Commercial Bank of China Ltd (1398) under the Base Case is 8.674 HKD per share.
Compared with the current market price of 7.775 HKD, the stock appears
Undervalued by 10% .
The intrinsic value is the average of valuations using the DCF method and multiples.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Industrial and Commercial Bank of China Does
Industrial and Commercial Bank of China is one of China’s largest commercial banks. It takes deposits, makes loans, processes payments, and handles everyday banking for individuals, businesses, and government-linked customers. It also offers services such as credit cards, wealth management, trade finance, foreign exchange, and custody services through its branch network and financial subsidiaries.
- Headquarters
- China CN
- Employees
- 409 758
- IPO date
- Oct 27, 2006
Industrial and Commercial Bank of China has no economic moat
Customers can move money to competing banks without giving up their ICBC accounts, leaving much of their business open to rivals. Other large state-backed banks also offer extensive banking services, so ICBC’s size and government ties do not give it exclusive protection from competition.
Read the full moat analysis
The intrinsic value for Industrial and Commercial Bank of China Ltd (1398) under the Base Case is 8.674 HKD.
Compared with the current market price of 7.775 HKD, the stock appears Undervalued by 10% .
