Bank of Qingdao Co., Ltd. Class H (3866) AI Stock Analysis

• Market Cap: €28.19B
• Dividend Yield: 4.1%
• Average Volume (3M): 3.09M
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.57
• Revenue Growth: 4.33%
• EPS Growth: 17.13%
• Country: HK
• Employees: 5,312
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.58
• Shares Outstanding: 2,291,945,600
• 10 Day Avg. Volume: 4,321,050
• 30 Day Avg. Volume: 3,092,611
• PEG Ratio: 0.12
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 1.60
• P/FCF Ratio: 0.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €4.47
• Price Target Upside: 5.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: HK$4.50 ▲(5.88% Upside)

The stock's overall score is primarily driven by its strong valuation, with a low P/E ratio and high dividend yield suggesting it is undervalued. Financial performance is solid but marred by inconsistencies in revenue growth and cash flow. Technical analysis indicates a lack of strong momentum, with neutral market sentiment. The absence of earnings call data and corporate events means these factors do not influence the score.

Bank of Qingdao Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Bank of Qingdao Co., Ltd. provides various banking products and services in the People's Republic of China. It operates through Retail Banking, Corporate Banking, and Financial Market segments. The company accepts deposits; provides short, mid, and long-term loans; conducts domestic and overseas settlements, as well as acceptance, discounting, and inter-bank discounting of notes; issues financial bonds; and operates as an agent in issuing, cash-in, and underwriting government and financial bonds. It also trades in government bonds, notes of central banks, financial and corporate bonds, mid-term notes, short-term financing coupons, and other bonds issued and circulated in the national interbank bond market; participates in interbank lending and borrowing, and interbank deposit businesses; and performs foreign exchange trading as an agent. In addition, the company provides bank cards, and letters of credit and guarantee; and receipt and payment, and insurance business agency services, as well as other agency services, including funds and sales of precious metals. Further, it engages in the bond settlement agency business and the fixed deposits business of commercial banks for cash management of central treasury; and provision of safe deposit box and wealth management services, as well as in the foreign exchange settlement and sales businesses. As of December 31, 2021, the company operated 103 in-bank self-service banks; and 407 self-service devices, including 19 ATMs, 263 self-service cash deposit and teller machines, and 125 self-service terminals that provide various services, such as withdrawals, deposits, transfers, account enquiries, and payments. The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008. Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People's Republic of China.

How the Company Makes Money

The Bank of Qingdao generates revenue primarily through interest income from loans and advances to customers, which constitutes a significant portion of its earnings. The bank also earns non-interest income through fees and commissions from various services, including wealth management, transaction services, and advisory services. Additionally, the bank invests in securities and government bonds, providing another revenue stream. Significant partnerships with local businesses and government entities enhance its lending capabilities and expand its customer base, contributing to stable growth in its earnings.

Bank of Qingdao Co., Ltd. Class H Financial Statement Overview

Summary

The company demonstrates solid profitability with strong net and EBIT margins. However, inconsistencies in revenue growth and cash flow raise concerns. The balance sheet is robust with a strong equity position, but challenges in debt management and missing asset data could impact future stability.

Income Statement

The company shows a strong gross and net profit margin, with the latest net margin at 31.6%. Revenue growth has been inconsistent, with a notable increase in 2024 over the previous year, but a decline in 2023. EBIT margins have been solid, reflecting efficient cost management. Overall, the income statement suggests profitability but with some variability in growth.

Balance Sheet

The bank maintains a stable equity base with a high equity ratio. However, the debt-to-equity ratio has fluctuated over the years, and total assets information is missing for 2024. Despite these challenges, the bank has a strong stockholder equity position, indicating a solid financial footing.

Cash Flow

Operating cash flows have been positive and significant, especially in earlier years, but there is a lack of data for 2024. Free cash flow showed robust growth in 2020 but has been inconsistent since. The absence of cash flow data for 2024 and prior volatility poses some concerns regarding cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.16B	9.86B	8.34B	7.26B	7.17B	6.40B
Gross Profit	10.16B	9.86B	8.34B	7.26B	10.44B	9.60B
EBITDA	0.00	5.59B	4.50B	3.68B	3.72B	0.00
Net Income	4.69B	4.26B	3.55B	3.08B	2.92B	2.39B
Balance Sheet
Total Assets	743.03B	689.96B	607.99B	529.61B	522.25B	459.83B
Cash, Cash Equivalents and Short-Term Investments	63.89B	67.18B	46.98B	38.66B	60.58B	49.89B
Total Debt	106.21B	18.68B	14.36B	11.92B	14.99B	20.99B
Total Liabilities	695.94B	645.06B	568.05B	493.02B	488.92B	428.92B
Stockholders Equity	46.08B	43.93B	39.06B	35.82B	32.64B	30.29B
Cash Flow
Free Cash Flow	60.31B	22.58B	9.73B	-2.17B	2.38B	44.56B
Operating Cash Flow	60.63B	22.95B	10.14B	-1.67B	3.01B	45.29B
Investing Cash Flow	-33.82B	-13.28B	-17.05B	-10.27B	-4.45B	-30.37B
Financing Cash Flow	-34.33B	5.83B	10.99B	-19.45B	15.03B	-8.11B

Bank of Qingdao Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3866, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.31, below the 50-day MA of 4.26, and above the 200-day MA of 3.60, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3866.

Bank of Qingdao Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1963	83 Outperform	HK$29.90B	4.40	―	6.02%	1.93%	4.23%
9677	70 Outperform	HK$17.22B	7.81	―	3.81%	6.65%	16.74%
3866	68 Neutral	€28.19B	5.81	11.99%	4.10%	4.33%	17.13%
6196	67 Neutral	HK$17.59B	7.75	―	1.73%	-5.02%	-3.28%
9889	58 Neutral	HK$24.73B	5.62	7.77%	7.57%	-7.29%	-14.37%
1551	56 Neutral	HK$24.04B	13.47	―	2.96%	-3.87%	22.34%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bank of Qingdao Co., Ltd. Class H Corporate Events

Bank of Qingdao Reports Strong Q1 2025 Financial Results

Bank of Qingdao Co., Ltd. reported a strong financial performance for the first quarter of 2025, with a 9.58% increase in operating income and a 16.42% rise in net profit attributable to shareholders compared to the same period in 2024. The bank’s total assets grew by 3.36% from the end of the previous year, reflecting its solid market positioning and effective management strategies.

Bank of Qingdao Announces Upcoming Board Meeting for Quarterly Results

Bank of Qingdao Co., Ltd. has announced that its board of directors will hold a meeting on April 28, 2025, to consider and approve the first quarterly results for the period ending March 31, 2025, along with other matters. This announcement indicates the bank’s ongoing commitment to transparency and timely financial reporting, which may impact its stakeholders and market positioning.

Bank of Qingdao Reports Strong Financial Growth in 2024

Bank of Qingdao Co., Ltd. announced its audited annual results for the year ended December 31, 2024, showing a significant improvement in financial performance. The bank reported a 19.97% increase in net profit and a 21.05% rise in basic and diluted earnings per share, reflecting strong operational growth and effective cost management, which positions the bank favorably in the competitive banking sector.

Bank of Qingdao Announces Final Dividend for 2024

Bank of Qingdao Co., Ltd. has announced a final cash dividend of RMB 1.6 per 10 shares for the financial year ending December 31, 2024. This announcement, dated March 26, 2025, indicates a positive financial performance and shareholder return strategy. The dividend will be paid on July 25, 2025, with the ex-dividend date set for May 30, 2025. This move may enhance the company’s attractiveness to investors by demonstrating financial stability and commitment to shareholder value.

Bank of Qingdao Schedules Board Meeting to Approve Annual Results

Bank of Qingdao Co., Ltd. has announced a board meeting scheduled for March 26, 2025, to discuss and approve the annual financial results for the year ending December 31, 2024. This meeting will also address the potential payment of dividends, which could impact the company’s financial strategy and stakeholder interests.

Bank of Qingdao Reports Strong 2024 Financial Performance

Bank of Qingdao Co., Ltd. reported significant growth in its key financial metrics for 2024, including a 20.16% increase in net profit attributable to shareholders and a 13.48% rise in total assets. The bank’s strategic implementation of the ’14th Five Year Plan’ and focus on high-quality development have bolstered its market position, reflecting a robust performance in a pivotal year for its strategic goals.