Industrial & Commercial Bank of China (IDCBY)
OTHER OTC:IDCBY
Want to see IDCBY full AI Analyst Report?
Top Page
Industrial & Commercial Bank of China
(OTC:IDCBY)
Select Model
Select Model
Rating:69Neutral
Price Target:
$19.50
â–²(24.52% Upside)
Action:DowngradedDate:05/01/26
The score is driven primarily by mixed financial performance—strong recent revenue and profitability but rising leverage and sharply weaker cash flow—partly offset by attractive valuation (low P/E and solid dividend yield) and constructive, moderate technical momentum.
Positive Factors
Diversified Commercial Banking Franchise
ICBC's broad commercial banking franchise—retail and corporate deposits and loans, payments, wealth and asset management, trading and treasury services—creates diversified, recurring revenue streams. This scale and product mix support resilience to shocks and durable fee and interest income generation.
Negative Factors
High and Rising Leverage
Higher debt-to-equity (~2.9) reduces balance-sheet flexibility and raises sensitivity to credit losses and funding stress. Over the medium term this constrains capital management, increases refinance and regulatory risk, and can amplify earnings volatility during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Commercial Banking Franchise
ICBC's broad commercial banking franchise—retail and corporate deposits and loans, payments, wealth and asset management, trading and treasury services—creates diversified, recurring revenue streams. This scale and product mix support resilience to shocks and durable fee and interest income generation.
Read all positive factors
Industrial & Commercial Bank of China (IDCBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$370.54B
Dividend Yield4.1%
Average Volume (3M)2.61K
Price to Earnings (P/E)6.3
Beta (1Y)0.31
Revenue Growth-2.98%
EPS Growth0.96%
CountryUS
Employees415,159
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)19.80
Shares Outstanding4,339,702,600
10 Day Avg. Volume2,629
30 Day Avg. Volume2,607
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.50
Price to Sales (P/S)1.35
P/FCF Ratio4.91
Enterprise Value/Market Cap29.59
Enterprise Value/Revenue8.60
Enterprise Value/Gross Profit21.93
Enterprise Value/Ebitda25.61
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.02
Revenue Forecast (FY)$124.47B
Industrial & Commercial Bank of China Business Overview & Revenue Model
Company Description
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Op...
How the Company Makes Money
ICBC primarily generates revenue from: (1) Net interest income: the spread between interest earned on interest-earning assets (notably corporate and retail loans, and interest from securities/investments) and interest paid on funding sources (prim...
Industrial & Commercial Bank of China Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 31, 2026
Earnings Call Sentiment Positive
ICBC demonstrated a solid recovery in profitability and asset growth, with effective risk management and expansion in inclusive finance. However, challenges remain in the real estate sector and credit demand, with narrowing NIM presenting ongoing pressures.Positive Updates
Stable and Positive Profitability
ICBC achieved operating income of CNY 611 billion, up 2% year-on-year, and net profit reached CNY 271.9 billion, up 0.5% year-on-year, reflecting a recovery trend.
Negative Updates
Narrowing Net Interest Margin (NIM)
NIM is under pressure, standing at 1.28%, down 14 basis points year-on-year. The full-year NIM is expected to remain around 1.26%.
Read all updates
Q3-2025 Updates
Positive
Negative
Stable and Positive Profitability
ICBC achieved operating income of CNY 611 billion, up 2% year-on-year, and net profit reached CNY 271.9 billion, up 0.5% year-on-year, reflecting a recovery trend.
Read all positive updates
Company Guidance
During the ICBC 2025 Q3 Earnings Call, the bank provided guidance indicating a stable recovery in profitability and growth, despite a challenging external environment. Key metrics highlighted include an operating income of CNY 611 billion, up 2% year-on-year, and a net profit of CNY 271.9 billion, marking a 0.5% increase from the previous year. The annualized ROA and ROE stood at 0.71% and 9.3%, respectively. Total assets exceeded CNY 52.81 trillion, reflecting an 8.2% growth since the end of last year. The NPL ratio was reported at 1.33%, with a CAR of 18.85% and a provision coverage ratio of 217.1%. The cost-to-income ratio was maintained at 26.55%, while the net interest margin (NIM) saw a slight decrease of 2 basis points. ICBC plans to continue strengthening its risk management and diversifying its income streams, with a focus on fee-based income and bond investments. The bank expects NIM to stabilize over the next 1 to 2 years, supported by manageable monetary policy impacts and refined liability cost management. Looking forward, ICBC remains confident in its strategic initiatives to deliver sustained growth and high-quality returns for its investors.Industrial & Commercial Bank of China Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28T | 1.49T | 660.39B | 838.05B | 913.56B | 939.89B |
| Gross Profit | 499.90B | 833.50B | 817.28B | 838.05B | 913.56B | 939.89B |
| EBITDA | 428.13B | 429.60B | 456.37B | 451.72B | 0.00 | 439.75B |
| Net Income | 360.78B | 358.52B | 365.86B | 363.99B | 361.13B | 348.34B |
Balance Sheet | ||||||
| Total Assets | 55.56T | 53.51T | 48.82T | 44.70T | 39.61T | 35.17T |
| Cash, Cash Equivalents and Short-Term Investments | 3.39T | 4.74T | 4.75T | 5.30T | 4.74T | 4.19T |
| Total Debt | 11.15T | 10.28T | 2.04T | 1.90T | 5.04T | 4.64T |
| Total Liabilities | 51.49T | 49.51T | 44.83T | 40.92T | 1.43T | 1.28T |
| Stockholders Equity | 4.04T | 3.98T | 3.97T | 3.76T | 3.50T | 3.26T |
Cash Flow | ||||||
| Free Cash Flow | 71.84B | 409.03B | 462.55B | 499.19B | 778.87B | 339.02B |
| Operating Cash Flow | 113.39B | 456.67B | 505.85B | 530.39B | 802.00B | 360.88B |
| Investing Cash Flow | -2.20T | -2.42T | -1.47T | -891.85B | -910.62B | -674.56B |
| Financing Cash Flow | 34.88B | 35.01B | 1.29T | 3.82T | 3.19T | -11.55B |
Industrial & Commercial Bank of China Technical Analysis
Positive
15.66
Price Trends
16.83
Positive
16.43
Positive
15.78
Positive
Market Momentum
0.35
Negative
68.11
Neutral
85.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDCBY, the sentiment is Positive. The current price of 15.66 is below the 20-day moving average (MA) of 17.41, below the 50-day MA of 16.83, and below the 200-day MA of 15.78, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 68.11 is Neutral, neither overbought nor oversold. The STOCH value of 85.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IDCBY.
Industrial & Commercial Bank of China Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $824.35B | 12.43 | 16.32% | 1.79% | 1.33% | 2.47% | |
72 Outperform | $370.37B | 10.30 | 10.50% | 1.93% | -1.69% | 20.90% | |
71 Outperform | $315.99B | 13.61 | 11.88% | 4.14% | -7.13% | -2.41% | |
69 Neutral | $370.54B | 6.29 | 9.23% | 4.10% | -2.98% | 0.96% | |
69 Neutral | $199.02B | 13.57 | 9.31% | 2.48% | -0.93% | 3.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $242.31B | 11.96 | 12.04% | 1.80% | 1.28% | 16.35% |
* Financial Sector Average
IDCBY
Industrial & Commercial Bank of China
17.67
4.47
33.83%
BAC
Bank of America
52.19
11.97
29.78%
HSBC
HSBC Holdings
90.13
36.26
67.33%
JPM
JPMorgan Chase
307.65
59.91
24.18%
MUFG
Mitsubishi UFJ
17.57
5.21
42.15%
WFC
Wells Fargo
79.18
6.90
9.55%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.