Bank of Nanjing Co Ltd (601009) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Bank of Nanjing Co Ltd stock ¥16.12, price ¥12.09, upside +33.3%, quality 59 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥7.11 – ¥12.40 · fair‑value band ¥14.53 – ¥21.61 · the ¥12.09 price screens below the ¥16.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Bank of Nanjing Co., Ltd. engages in the provision of various financial products and services in China. The company offers corporate deposits, savings deposits, foreign currency savings deposits, and certificates of deposit; and personal, corporate, supply chain, and international business loans.
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It also provides micro financing, private banking, wealth management, cash management, currency investment, foreign exchange, asset management, fund and bond investment, and electronic banking services, as well as credit and debit cards.
Bank of Nanjing Co., Ltd. was incorporated in 1996 and is headquartered in Nanjing, China.
Stock analysis
Bank of Nanjing Co Ltd (601009) currently trades at ¥12.09, while our model-based Fair Value estimate is ¥16.12, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥22.93 per share, and 5 of the 6 models we run sit above the ¥12.09 price.
Bear case: the Asset-Based group reads lowest at ¥11.10, and 1 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥14.53 (bear) to ¥21.61 (bull), the price of ¥12.09 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Bank of Nanjing Co Ltd reported revenue of 54.5B CNY in FY2025 versus 77.7B CNY in FY2021, a compound −8.5%/yr. Reported net income was 21.8B CNY in FY2025, compounding +8.3%/yr from FY2021.
Key figures
Market cap 149B CNY (≈ $22.4B) Large · P/E ratio 7.2 · P/S ratio 3.50 · EPS (TTM) ¥1.69 · Dividend yield 1.8% · Net margin 53.5% · Return on equity 10.7% · Return on assets (EBIT) 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 33%, 601009 screens cheaper than that median.
Fair Value models
Bear¥14.53Fair Value ¥16.12Bull¥21.61
Price ¥12.09 · Upside +33.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥1.25 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Revenue growth 1 year
+38.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.5%
Start year 2020 (pandemic). Over 10 years: +12.9% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.3%
Dividend (yield on the price)1.8%
Per share before 2010divided by the spin-off factor 1.0615
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.3% vs 7.2%, steady
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.63% → 59%
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Banks - Regional · 1002 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+33.3% · Top 25%
Profitability
Return on equity (12 months)10.7% · Below median
Return on assets0.7% · Below median
Net margin (12 months)53.5% · Top 25%
Operating margin (12 months)67.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.5% · Below median
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity1.08× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bank of Nanjing Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601009
Frequently asked questions
Is Bank of Nanjing Co Ltd (601009) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥16.12 versus a price of ¥12.09, about +33% upside (undervalued).
What is the fair value of 601009?
Our model-based fair value for Bank of Nanjing Co Ltd is ¥16.12 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥12.09.
What is the quality score of 601009?
Bank of Nanjing Co Ltd has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bank of Nanjing Co Ltd (601009)?
Our model-based price target is the fair value of ¥16.12 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario ¥14.53, optimistic scenario ¥21.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank of Nanjing Co Ltd stock forecast for 2026?
Our models put fair value at ¥16.12, about +33% upside versus a price of ¥12.09 (undervalued). Cautious scenario ¥14.53, optimistic scenario ¥21.61. The calculation is refreshed regularly with new filings.
What is the revenue of Bank of Nanjing Co Ltd (601009)?
Bank of Nanjing Co Ltd reported trailing-twelve-month revenue of about 42.7B CNY (latest available figure, as of Nov 6, 2026).
Does Bank of Nanjing Co Ltd pay a dividend?
Bank of Nanjing Co Ltd currently shows a dividend yield of 1.84% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Bank of Nanjing Co Ltd (601009)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank of Nanjing Co Ltd it is ¥16.12 per share (as of Nov 6, 2026), against a price of ¥12.09. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank of Nanjing Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 601009 trades below its calculated fair value: price ¥12.09, fair value ¥16.12, a gap of about +33% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601009?
No. The price is what the market pays today (¥12.09); the fair value is what the company's own numbers justify (¥16.12). For Bank of Nanjing Co Ltd the two are ¥4.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank of Nanjing Co Ltd worth?
The market values Bank of Nanjing Co Ltd at about 149B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥12.09; our models calculate a fair value of ¥16.12 per share.
What do the bullish and bearish scenarios say about 601009?
Our models span a range for Bank of Nanjing Co Ltd: cautious scenario ¥14.53, base ¥16.12, optimistic ¥21.61 per share (as of Nov 6, 2026, price ¥12.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601009?
Bank of Nanjing Co Ltd trades at a price-to-earnings ratio of 7.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥16.12 is built from several models across several years. Other multiples: P/B 0.7, P/S 3.5, EV/EBITDA 6.5.
How solid is the balance sheet of Bank of Nanjing Co Ltd (601009)?
Balance-sheet figures for Bank of Nanjing Co Ltd (as of Nov 6, 2026): return on equity 10.7%, debt of 1.08 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 601009 from its 52-week high?
Bank of Nanjing Co Ltd trades at ¥12.09, about 3% below its 52-week high of ¥12.40 and 22% above the low of ¥9.89 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥16.12 is for.
Which stocks are comparable to Bank of Nanjing Co Ltd?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bank of Nanjing Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥12.09, calculated fair value ¥16.12 (+33%), Quality Score 59/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601009 calculated?
We run Bank of Nanjing Co Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥16.12, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Bank of Nanjing Co Ltd currently trades 25% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bank of Nanjing Co Ltd (601009)?
The closing price on Nov 5, 2026 was ¥12.09. Our model-based fair value is ¥16.12, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank of Nanjing Co Ltd right now?
The price is below even our cautious bear case (¥14.53). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank of Nanjing Co Ltd (601009) come from?
Earnings per share at Bank of Nanjing Co Ltd grew +8.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.9 %, EBIT margin −1.8 %, tax rate +0.6 %, residual (interest, one-offs) +1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bank of Nanjing Co Ltd
How large is the market capitalisation of Bank of Nanjing Co Ltd (601009)?
The market capitalisation of Bank of Nanjing Co Ltd is 149B CNY (≈ $22.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bank of Nanjing Co Ltd (601009)?
The price-to-sales ratio of Bank of Nanjing Co Ltd is 3.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bank of Nanjing Co Ltd (601009)?
Earnings per share at Bank of Nanjing Co Ltd are ¥1.69 (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank of Nanjing Co Ltd (601009)?
The dividend yield of Bank of Nanjing Co Ltd is 1.8% (payout 13.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bank of Nanjing Co Ltd (601009)?
The net margin of Bank of Nanjing Co Ltd is 53.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bank of Nanjing Co Ltd (601009)?
The return on equity (ROE) of Bank of Nanjing Co Ltd is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bank of Nanjing Co Ltd (601009)?
On an EBIT basis the return on assets of Bank of Nanjing Co Ltd is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bank of Nanjing Co Ltd (601009)?
The operating margin of Bank of Nanjing Co Ltd is 67.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank of Nanjing Co Ltd (601009)?
Revenue at Bank of Nanjing Co Ltd is growing +5.5% versus a year earlier (3y avg −14.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bank of Nanjing Co Ltd (601009)?
Earnings per share at Bank of Nanjing Co Ltd are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank of Nanjing Co Ltd (601009) generate?
The free cash flow of Bank of Nanjing Co Ltd is 209B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bank of Nanjing Co Ltd (601009) carry?
The net debt of Bank of Nanjing Co Ltd is 313B CNY (fiscal year 2025, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026