China Citic Bank Corp Ltd Class A (601998) Fair Value & Analysis
Financial Services · CN · Market cap 398B CNY (≈ $59.4B) · ISIN CNE1000000R4
What is China Citic Bank Corp Ltd Class A really worth?
Below-average quality, trading 49% below our fair value of ¥17.44.
Strengths
Risks
For context
Fair value as of: Aug 31, 2026
From 6 valuation models · updated 5 days ago
Fair value updated Aug 31, 2026, revised from ¥17.32 to ¥17.44 (+0.7%) since Aug 27, 2026. Share price +17.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥13.08). The market is more pessimistic than our downside scenario.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range ¥3.86 – ¥8.98 · fair‑value band ¥13.08 – ¥21.80 · the ¥8.89 price screens below the ¥17.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
China Citic Bank Corp Ltd Class A (601998) currently trades at ¥8.89, while our model-based Fair Value estimate is ¥17.44, implying the stock looks roughly 49.0% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of ¥22.52 per share, and 6 of the 6 models we run sit above the ¥8.89 price. Bear case: the Dividend Discount group reads lowest at ¥11.29, and 0 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Citic Bank Corp Ltd Class A generated revenue of 156B CNY at a net margin of 45.7%. Revenue grew 3.2% year over year. It earns a return on equity of 8.5%. Net debt stands at 2.7T CNY. Fundamentals as of Aug 31, 2026
Our scenario range runs from ¥13.08 (bear case) to ¥21.80 (bull case); at ¥8.89, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 96%, 601998 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.5542 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 6 models by family
Widest divergence: Multiples (¥22.52) versus Dividend Discount (¥11.29). Highest evidence: Residual Income (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. It operates in three segments: Corporate Banking, Retail Banking, and Financial Market business.
Full company description
China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. It operates in three segments: Corporate Banking, Retail Banking, and Financial Market business. The Corporate Banking segment offers corporate loans, deposit services, agency services, money transfer and settlement services, and guarantee services to corporate clients, government agencies, and non-financial institutions. Its Retail Banking segment provides personal loans, deposit services, agency services, remittance and settlement services, and guarantee services to individual customers. The Financial Markets Business segment engages in interbank lending, repurchase transactions and debt instrument investments in the interbank market, and trading in debt instruments, as well as derivatives and forex trading. The company also offers wealth management, treasury business, asset management, financial leasing, private banking and other non-bank financial services. It operates through branches; self-service banks; and self-service terminals, as well as smart teller machines. The company was founded in 1987 and is headquartered in Beijing, the People's Republic of China. China CITIC Bank Corporation Limited operates as a subsidiary of CITIC Financial Holdings Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Citic Bank Corp Ltd Class A reported revenue of 356B CNY in FY2025 versus 363B CNY in FY2021, a compound −0.4%/yr. Reported net income was 70.6B CNY in FY2025, compounding +6.1%/yr from FY2021.
of which total revenue +1.9 % · buybacks/dilution −1.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Should Value Investors Buy China CITIC Bank (CHCJY) Stock?
- Are Investors Undervaluing China CITIC Bank (CHCJY) Right Now?
- Tencent Cloud and China CITIC Bank International Limited Sign Strategic Cooperation Agreement to Accelerate FinTech 2.0 Transformation
- China expands digital yuan programme with 12 new bank operators
Peer Group
Banks - Regional · 1071 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 75.65 SGD | 40.48 SGD | −46% |
| China Merchants Bank Co 3968 | HK$47.96 | HK$76.51 | +60% |
| Intesa Sanpaolo S.p.A ISP | €6.78 | €5.66 | −17% |
| HDFC Bank Limited HDB | $23.17 | $24.12 | +4% |
| BNP Paribas SA BNP | €102.56 | €144.64 | +41% |
| UniCredit S.p.A UCG | €84.71 | €77.62 | −8% |
| Mizuho Financial Group MFG | $10.74 | $9.69 | −10% |
| ICICI Bank Limited ICICIBANK | ₹1,443 | ₹835.21 | −42% |
| Oversea-Chinese Banking Corporation O39 | 31.07 SGD | 19.80 SGD | −36% |
| CaixaBank, S.A CABK | €13.52 | €8.85 | −35% |
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