Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. (002807) Report Analysis
Jiangsu Jiangyin Rural Commercial's financial results from Q1 demonstrated decent performance, but will likely only help Jiangsu Jiangyin Rural Commercial remain on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Therefore, Jiangsu Jiangyin Rural Commercial received an overall score of 72, translating into a HOLD ranking.
Jiangsu Jiangyin Rural Commercial reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 791.31 million compared to CNY 647.93 million a year ago. Net income was CNY 275.06 million compared to CNY 228.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.1266 compared to CNY 0.105 a year ago. Diluted earnings per share from continuing operations was CNY 0.1148 compared to CNY 0.0949 a year ago.
Business Description
Jiangsu Jiangyin Rural Commercial provides various personal and corporate banking products and services in China. Its personal finance products include personal deposit, financing, bank card, foreign exchange, and wealth management products, as well as agency services. The company’s corporate finance products comprise unit deposits; traditional, technology, and green financing products; and others. It also provides international finance products, including settlement, letters of credit, documentary collection, financing, and hedging and value-added products. In addition, the company offers small and micro finance products; and online and mobile banking, payment, convenience, and other services. Jiangsu Jiangyin Rural Commercial was founded in 2001 and is based in Jiangyin, China.
Sector Overview
Jiangsu Jiangyin Rural Commercial is included in the Banks according to GICS (global industry classification standard). The Banks industry, which is in the Financials sector, includes Diversified & Regional Banks whose operations focus on conventional banking, retail banking, and lending to SMEs (small and medium enterprises). Jiangsu Jiangyin Rural Commercial's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Parameter | Value | Change | Score | |
---|---|---|---|---|
Assets | 157,892.6 | 3.1% | 66 | |
Liabilities | 144,505.6 | 3.2% | 76 | |
Price to Book | 0.7 | 5.7% | 74 | |
Cash & Equivalents | 2,447.6 | 5.9% | 76 | |
Equity | 13,247.1 | 1.7% | 69 | |
Total Revenues | 2,591.9 | 4.3% | 51 |
Parameter | Value | Change | Score | |
---|---|---|---|---|
Return on Equity | 10.3 | 2.4% | 77 | |
Net Cashflow | 143.9 | 121.7% | 42 | |
Capital Expenditure | -194.5 | -10.2% | 51 | |
Free Cashflow | -0.0 | -101.6% | 94 |
* All values are TTM
The below chart reflects Jiangsu Jiangyin Rural Commercial's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Jiangsu Jiangyin Rural Commercial's peer average final assessment score stands on 66.0, Jiangsu Jiangyin Rural Commercial's score is 72.
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Jiangsu Jiangyin Rural Commercial's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Jiangsu Jiangyin Rural Commercial's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 88.
Overall, Jiangsu Jiangyin Rural Commercial's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. In terms of liabilities, Jiangsu Jiangyin Rural Commercial published good numbers. Their reported liabilities were 144505.6, representing a 3.2% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 76. Also, Jiangsu Jiangyin Rural Commercial did a great job related to cash and cash equivalents this period, which stood at 2447.6, representing a 5.9% change from the previous filing. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 76. On the other hand, Assets, jumped out as looking rather underwhelming. Jiangsu Jiangyin Rural Commercial's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 157892.6 and represents a 3.1% change from the previous report. Jiangsu Jiangyin Rural Commercial's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Jiangsu Jiangyin Rural Commercial's stock price. Therefore, their asset component earned a score of 66. Therefore, it received a score of 77.
Parameter | Value | Change | Score |
---|---|---|---|
Assets | 157,892.6 | 3.1% | 66 |
Liabilities | 144,505.6 | 3.2% | 76 |
Price to Book | 0.7 | 5.7% | 74 |
Cash & Equivalents | 2,447.6 | 5.9% | 76 |
Equity | 13,247.1 | 1.7% | 69 |
The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its balance sheet with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a balance sheet score of 77, the average of its peers stands on 68.0.
Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|---|
Ping An Bank Co., Ltd. | 281.2B | 79 | 78 | 69 | 88 | 79 | 83 | 0 | 1 |
Bank of Ningbo Co., Ltd. | 225.7B | 86 | 51 | 68 | 97 | 84 | 89 | 1 | 1 |
Bank of Suzhou Co., Ltd. | 22.1B | 91 | 82 | 54 | 97 | 89 | 92 | 2 | 1 |
Qingdao Rural Commercial Bank Co., Ltd. | 18.4B | 66 | 68 | 55 | 72 | 77 | 74 | 3 | 1 |
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd | 11.1B | 84 | 53 | 55 | 65 | 79 | 77 | 4 | 1 |
China Merchants Bank Co., Ltd. | 1.1T | 72 | 81 | 68 | 37 | 84 | 77 | 5 | 1 |
Industrial Bank Co., Ltd. | 402.2B | 74 | 80 | 68 | 90 | 82 | 85 | 6 | 1 |
Shanghai Pudong Development Bank Co., Ltd. | 233.9B | 74 | 70 | 55 | 51 | 76 | 72 | 7 | 1 |
China Everbright Bank Company Limited | 160.4B | 89 | 44 | 69 | 54 | 76 | 76 | 8 | 1 |
China Minsheng Banking Corp., Ltd. | 150.8B | 80 | 45 | 69 | 90 | 77 | 81 | 9 | 1 |
Bank of Nanjing Co., Ltd. | 111.2B | 81 | 51 | 51 | 89 | 82 | 82 | 10 | 1 |
Bank of Jiangsu Co., Ltd. | 100.3B | 87 | 85 | 55 | 92 | 78 | 83 | 11 | 1 |
Bank of Beijing Co., Ltd. | 95.8B | 64 | 63 | 68 | 67 | 90 | 84 | 12 | 1 |
Bank of Shanghai Co., Ltd. | 92.8B | 83 | 62 | 54 | 90 | 90 | 90 | 13 | 1 |
Bank of Hangzhou Co., Ltd. | 85.0B | 82 | 63 | 54 | 87 | 79 | 81 | 14 | 1 |
Hua Xia Bank Co., Limited | 79.1B | 79 | 49 | 69 | 89 | 76 | 81 | 15 | 1 |
Bank of Chengdu Co., Ltd. | 61.3B | 83 | 76 | 68 | 82 | 83 | 86 | 16 | 1 |
Bank of Changsha Co., Ltd. | 31.4B | 74 | 63 | 69 | 72 | 79 | 79 | 17 | 1 |
QILU BANK CO., LTD. | 22.4B | 80 | 59 | 95 | 77 | 89 | 93 | 18 | 1 |
Bank of Guiyang Co.,Ltd. | 21.2B | 74 | 61 | 69 | 77 | 80 | 80 | 19 | 1 |
Jiangsu Changshu Rural Commercial Bank Co., Ltd. | 20.6B | 85 | 81 | 69 | 60 | 81 | 82 | 20 | 1 |
Bank of Xi'an Co.,Ltd. | 16.2B | 81 | 55 | 67 | 97 | 75 | 80 | 21 | 1 |
Xiamen Bank Co., Ltd. | 15.6B | 86 | 66 | 69 | 84 | 78 | 83 | 22 | 1 |
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd | 12.2B | 83 | 72 | 69 | 81 | 79 | 83 | 23 | 1 |
Jiangsu Zijin Rural Commercial Bank Co.,Ltd | 10.5B | 41 | 80 | 56 | 95 | 80 | 77 | 24 | 1 |
Wuxi Rural Commercial Bank Co.,Ltd | 10.3B | 66 | 72 | 55 | 62 | 78 | 73 | 25 | 1 |
Jiangsu Suzhou Rural Commercial Bank Co., Ltd | 9.0B | 78 | 77 | 55 | 60 | 75 | 74 | 26 | 1 |
Jiangsu Jiangyin Rural Commercial appears likely to maintain its strong income statement metrics, especially Return Factors. Jiangsu Jiangyin Rural Commercial's reported return on equity (ROE) ratio was 10.3, representing a change of 2.4%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. Jiangsu Jiangyin Rural Commercial management did an underwhelming job managing revenue efficiency this past period. Jiangsu Jiangyin Rural Commercial's revenue efficiency is 2591.9 according to the metrics in the current filing, which represents a 4.3% change from the previous report. This metric might have a 2.3 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 51. their income statement received an overall score of 70.
Parameter | Value | Change | Score |
---|---|---|---|
Total Revenues | 2,591.9 | 4.3% | 51 |
Return on Equity | 10.3 | 2.4% | 77 |
The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its income statement with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a income statement score of 70 , the average of its peers stands on 66.0.
A deep look into Jiangsu Jiangyin Rural Commercial's cash flow metrics showed some disappointing metrics. The most troubling factors we're looking at are Net Cash Flow and Capital Expenditure. Jiangsu Jiangyin Rural Commercial's net cash flow metrics were 143.9 according to their current filing, which represents a 121.7% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Jiangsu Jiangyin Rural Commercial's stock price going forward. Consequently, their net cash flow movement received a grade of 42. Also, Jiangsu Jiangyin Rural Commercial's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Jiangsu Jiangyin Rural Commercial recorded CapEx of -194.5, which represents a -10.2% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Its CapEx movement, therefore, received a grade of 51. However, one encouraging metric, Free Cash flow, stood out. Jiangsu Jiangyin Rural Commercial's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Jiangsu Jiangyin Rural Commercial recorded free cash flow of -0.0, which represents a -101.6% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 9.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Consequently, their free cash flow movement received a grade of 94. Therefore, it received a cautionary score of 53.
Parameter | Value | Change | Score |
---|---|---|---|
Net Cashflow | 143.9 | 121.7% | 42 |
Capital Expenditure | -194.5 | -10.2% | 51 |
Free Cashflow | -0.0 | -101.6% | 94 |
The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its cash flow with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a cash flow score of 53, the average of its peers stands on 67.0.
Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|
Ping An Bank Co., Ltd. | 281.2B | 91 | 42 | 96 | 69 | 85 | 0 | 1 |
Bank of Ningbo Co., Ltd. | 225.7B | 93 | 38 | 59 | 69 | 71 | 1 | 1 |
Bank of Suzhou Co., Ltd. | 22.1B | 61 | 78 | 49 | 69 | 61 | 2 | 1 |
Qingdao Rural Commercial Bank Co., Ltd. | 18.4B | 86 | 49 | 84 | 69 | 81 | 3 | 1 |
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd | 11.1B | 39 | 98 | 84 | 69 | 64 | 4 | 1 |
China Merchants Bank Co., Ltd. | 1.1T | 90 | 45 | 44 | 69 | 68 | 5 | 1 |
Industrial Bank Co., Ltd. | 402.2B | 81 | 56 | 47 | 69 | 66 | 6 | 1 |
Shanghai Pudong Development Bank Co., Ltd. | 233.9B | 48 | 87 | 85 | 69 | 68 | 7 | 1 |
China Everbright Bank Company Limited | 160.4B | 43 | 95 | 54 | 69 | 56 | 8 | 1 |
China Minsheng Banking Corp., Ltd. | 150.8B | 84 | 45 | 91 | 69 | 79 | 9 | 1 |
Bank of Nanjing Co., Ltd. | 111.2B | 49 | 84 | 48 | 69 | 54 | 10 | 1 |
Bank of Jiangsu Co., Ltd. | 100.3B | 93 | 41 | 90 | 69 | 84 | 11 | 1 |
Bank of Beijing Co., Ltd. | 95.8B | 67 | 67 | 92 | 69 | 75 | 12 | 1 |
Bank of Shanghai Co., Ltd. | 92.8B | 95 | 38 | 80 | 69 | 81 | 13 | 1 |
Bank of Hangzhou Co., Ltd. | 85.0B | 49 | 87 | 90 | 69 | 69 | 14 | 1 |
Hua Xia Bank Co., Limited | 79.1B | 80 | 57 | 69 | 69 | 75 | 15 | 1 |
Bank of Chengdu Co., Ltd. | 61.3B | 66 | 67 | 45 | 69 | 58 | 16 | 1 |
Bank of Changsha Co., Ltd. | 31.4B | 59 | 81 | 45 | 69 | 60 | 17 | 1 |
QILU BANK CO., LTD. | 22.4B | 81 | 54 | 90 | 69 | 80 | 18 | 1 |
Bank of Guiyang Co.,Ltd. | 21.2B | 67 | 67 | 90 | 69 | 75 | 19 | 1 |
Jiangsu Changshu Rural Commercial Bank Co., Ltd. | 20.6B | 71 | 73 | 81 | 69 | 80 | 20 | 1 |
Bank of Xi'an Co.,Ltd. | 16.2B | 43 | 90 | 62 | 67 | 51 | 21 | 1 |
Xiamen Bank Co., Ltd. | 15.6B | 93 | 40 | 85 | 69 | 82 | 22 | 1 |
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd | 12.2B | 96 | 37 | 44 | 69 | 69 | 23 | 1 |
Jiangsu Zijin Rural Commercial Bank Co.,Ltd | 10.5B | 46 | 99 | 50 | 67 | 53 | 24 | 1 |
Wuxi Rural Commercial Bank Co.,Ltd | 10.3B | 82 | 52 | 84 | 69 | 79 | 25 | 1 |
Jiangsu Suzhou Rural Commercial Bank Co., Ltd | 9.0B | 85 | 50 | 56 | 69 | 70 | 26 | 1 |
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