Subscribe

Industrial & Commercial Bank of China Ltd. (601398.SS)

CNY7.33 +0.06 (+0.83%)
CN SHH Financial Services Banks - Diversified
Address 55 Fuxingmennei Avenue 100140
Beijing, CN
CEO Lin Liao
IPO 2006-10-27
ISIN CNE000001P37

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 1398.HK (HKD) Other OTC · IDCBF (USD) Other OTC · IDCBY (USD) Shanghai Stock Exchange · 601398.SS (CNY) Vienna Stock Exchange · ICK.VI (EUR)
Description

Industrial and Commercial Bank of China Limited (ICBC), alongside its various subsidiaries, offers a comprehensive array of banking and financial solutions, serving clients both within its home country, China, and across global markets. Its operations are structured into three primary divisions: Corporate Banking, Personal Banking, and Treasury Operations. The Corporate Banking division caters to businesses, government entities, and other financial institutions with a range of tailored products, including corporate lending, trade finance, deposit accounts, business wealth management, custodial services, and diverse corporate intermediary services. For individual customers, the Personal Banking segment provides offerings such as personal loans, credit and debit cards, savings accounts, personal wealth management, and intermediary financial guidance. The Treasury Operations segment actively engages in money market transactions, investment in securities, foreign exchange dealings, and the management of derivative positions. Additionally, ICBC extends its services to include e-banking, investment banking, financial leasing, and insurance. Established in 1984, the institution maintains its headquarters in Beijing, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
CNY7.33 +0.06 (+0.83%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
308M
Beta
0.14
Float Shares
18.84B
Free Float %
5.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.07% -1.49% -0.82% +0.97% -11.48% -8.58% +1.26% +45.58% +37.83% +73.44% +125.16%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.33
DCF (Levered) 198.73 +2,611.1%
Ratings Trend (MoM) 83% Bullish
Rating 2024-11 Change
Strong Buy 4 0
Buy 16 0
Hold 3 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.13
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Banks - Diversified: +4.3%
    +0.4% Q1'26: +167.4% (vs Q1'25)
  • EPS growth Banks - Diversified: +17.7%
    -2.0% Q1'26: +4.3% (vs Q1'25)
  • FCF margin Banks - Diversified: +154.0%
    -64.9% Q1'26: -18.9% (vs Q1'25)
  • EBIT margin Banks - Diversified: +20.4%
    +0.0% Q1'26: +25.4% (vs Q1'25)
  • ROIC Banks - Diversified: +2.3%
    +0.0% Q1'26: +2.8% (vs Q1'25)
  • Share dilution Banks - Diversified: +3.0%
    +2.8% Q1'26: -2.6% (vs Q1'25)
  • Debt / EBITDA Banks - Diversified: 3.66×
    Q1'26: 27.37× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.15) × ERP
WACC = 21% × Ke + 79% × Kd (6.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 7.33
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
16 EPS Ana.
Dec 2027
9 Rev. Ana.
8 EPS Ana.
Dec 2028
3 Rev. Ana.
9 EPS Ana.
Revenue
582.25B
est: 671.02B (-13.2%)
554.96B
est: 653.30B (-15.1%)
600.64B
est: 687.75B (-12.7%)
615.28B
est: 742.04B (-17.1%)
600.52B
est: 789.23B (-23.9%)
601.22B
est: 823.06B (-27.0%)
658.26B
est: 887.25B (-25.8%)
663.15B
est: 895.14B (-25.9%)
657.65B
est: 857.90B (-23.3%)
660.39B
est: 798.55B (-17.3%)
1.54T
est: 816.44B (+89.1%)
854.30B
802.48B – 907.78B
+4.6% YoY
901.35B
831.00B – 957.18B
+5.5% YoY
961.25B
894.33B – 1.02T
+6.6% YoY
EBITDA
est: 46.33B (-100.0%)
447.92B
est: 47.36B (+845.7%)
49.56B
46.55B – 52.66B
+4.6% YoY
52.29B
48.21B – 55.53B
+5.5% YoY
55.77B
51.88B – 59.24B
+6.6% YoY
EBIT
est: 43.40B (-100.0%)
419.66B
est: 44.38B (+845.7%)
46.43B
43.62B – 49.34B
+4.6% YoY
48.99B
45.17B – 52.03B
+5.5% YoY
52.25B
48.61B – 55.50B
+6.6% YoY
Net Income
277.13B
est: 288.96B (-4.1%)
278.25B
est: 288.78B (-3.6%)
286.05B
est: 296.98B (-3.7%)
297.68B
est: 312.46B (-4.7%)
312.22B
est: 322.83B (-3.3%)
315.91B
est: 304.69B (+3.7%)
348.34B
est: 346.80B (+0.4%)
361.13B
est: 374.01B (-3.4%)
363.99B
est: 372.07B (-2.2%)
365.86B
est: 354.22B (+3.3%)
368.56B
est: 358.90B (+2.7%)
368.15B
334.83B – 397.95B
+2.6% YoY
382.47B
347.86B – 413.43B
+3.9% YoY
402.03B
365.64B – 434.57B
+5.1% YoY
SGA
163.51B
est: 173.08B (-5.5%)
162.16B
est: 168.51B (-3.8%)
177.72B
est: 177.40B (+0.2%)
185.04B
est: 191.40B (-3.3%)
154.66B
est: 203.57B (-24.0%)
154.53B
est: 212.30B (-27.2%)
168.19B
est: 228.85B (-26.5%)
171.46B
est: 230.89B (-25.7%)
169.94B
est: 221.28B (-23.2%)
171.83B
est: 180.07B (-4.6%)
146.45B
est: 184.10B (-20.5%)
192.64B
180.96B – 204.70B
+4.6% YoY
203.25B
187.39B – 215.84B
+5.5% YoY
216.76B
201.67B – 230.25B
+6.6% YoY
EPS
0.77
est: 0.77 (-0.5%)
0.77
est: 0.77 (-0.5%)
0.79
est: 0.80 (-0.7%)
0.82
est: 0.84 (-2.0%)
0.86
est: 0.86 (-0.5%)
0.86
est: 0.82 (+5.4%)
0.95
est: 0.93 (+2.3%)
0.97
est: 1.00 (-3.2%)
1.00
est: 1.00 (+0.3%)
0.98
est: 0.99 (-1.4%)
1.00
est: 1.01 (-0.7%)
1.03
0.94 – 1.12
+2.6% YoY
1.07
0.98 – 1.16
+3.9% YoY
1.13
1.03 – 1.22
+5.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-05-08 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-05-07 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-05-06 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-30 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-29 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-28 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-27 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-24 A- 4/5 5/5 3/5 3/5 1/5 4/5 4/5
2026-04-23 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-15 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-14 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-13 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
382.42B
OE per share TTM
1.09
Owner's Yield
14.36%
Maintenance CapEx ratio
106.61%
Maint CapEx / Avg PPE
39.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.01M
Shares Outstanding
356.41B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jun Liu Chief Compliance Officer, President & Vice Chairman 926.4K male
Lin Liao Executive Chairman 926.4K male
Fenglin Tian Chief Business Officer & Board Secretary 906.0K male
Jingwu Wang Senior Executive Vice President, Chief Risk Officer & Executive Director 850.4K male
Hongtao Duan Executive Director 850.4K male
Mingde Yao Senior EVice President & Chief Financial Officer 850.4K male
Guide Zhao Senior Executive Vice President 142.0K male
Wei Wu Zhang Senior Executive Vice President 142.0K male
Zhang Shouchuan Senior Executive Vice President 142.0K male
Zou Xin General Manager of Corporate Strategy & Investor Relations male
Nenghong Tao General Manager of Finance & Accounting Department
Li Huang Head of Beijing Branch male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits