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Jiangsu Zhangjiagang Rural Commercial Bank Co (002839) Fair Value & Analysis

Financial Services · CN · Market cap 10.3B CNY

JZ Jiangsu Zhangjiagang Rural Commercial Bank Co 002839 · SHE
Price¥4.35
Fair Value¥7.38
Upside+69.6%
Quality41/100
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Weak Growth
Highly profitable · 50.9% net margin
Low debt · negative free cash flow
5.12% dividend yield
Ranks above peers (8/12)
Moderate moat 61/100
Evidence: High Range ¥5.53 – ¥9.23 Share as image

Fair value as of: Jul 25, 2026

From 6 valuation models · updated 16 days ago

Share price +5.8% over the past month.

Below-average quality, screening 70% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (¥5.53). 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.
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Price vs Fair Value (5 years)

¥4.67 ¥3.28 Fair Value ¥7.38 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range ¥3.28 – ¥4.67 · fair‑value band ¥5.53 – ¥9.23 · the ¥4.35 price screens below the ¥7.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Jiangsu Zhangjiagang Rural Commercial Bank Co (002839) currently trades at ¥4.35, while our model-based Fair Value estimate is ¥7.38, implying the stock looks roughly 69.6% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Jiangsu Zhangjiagang Rural Commercial Bank Co generated revenue of 3.9B CNY at a net margin of 50.9%. Revenue declined 5.4% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of 5.5B CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥5.53 (bear case) to ¥9.23 (bull case); at ¥4.35, 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 9% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 70%, 002839 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥7.34 ¥8.10 ¥11.47 76
Gordon GGM ¥3.85 ¥5.96 ¥8.26 70
P/E Multiple ¥7.89 ¥10.52 ¥13.16 63
All 6 models by family
Dividend Discount
Gordon GGM ¥3.85 ¥5.96 ¥8.26 70
DDM Multi-Stage ¥3.85 ¥5.54 ¥7.45 61
Multiples
P/E Multiple ¥7.89 ¥10.52 ¥13.16 63
P/B Multiple ¥8.82 ¥11.76 ¥14.70 55
Asset-Based
NCAV (Graham) ¥4.20 ¥5.63 ¥8.40 50
Economic Profit
Residual Income ¥7.34 ¥8.10 ¥11.47 76

Widest divergence: Multiples (¥10.52) versus Dividend Discount (¥5.54). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.9B CNY
Revenue growth (YoY) -5.4%
Net margin 50.9%
Return on equity 9.6%
Free cash flow −3.3B CNY FY2025
P/E ratio 5.4
More key figures
Operating margin 67.1%
EPS (TTM) ¥0.7800
Dividend yield 5.1%
EPS growth (YoY) +4.3%
Net cash 5.5B CNY FY2024

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 34 · Market factors (momentum, volatility) 53

Profitability 34
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

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.

About the company

Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd provides banking products and services in China. The company operates through four segments: Corporate Banking Business, Personal Banking Business, Treasury Business, and Other Businesses.

Full company description

Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd provides banking products and services in China. The company operates through four segments: Corporate Banking Business, Personal Banking Business, Treasury Business, and Other Businesses. The Corporate Banking Business segment provides services, including corporate loans, bill issuance, trade financing, corporate deposits and remittances, etc. to corporate customers. Its Personal Banking Business segment offers banking services, including retail loans, savings deposit business, credit card business, and remittance business to private customers. The Capital Business segment engages in the trading of financial instruments, asset management and trust plan investment, bond investment, repurchase and resale business, inter-bank lending industry Services, etc. Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd founded in 2001 and is based in Zhangjiagang, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Zhangjiagang Rural Commercial Bank Co reported revenue of ¥4.6B in FY2025 versus ¥8.0B in FY2021, a compound −12.8%/yr. Reported net income was ¥2.0B in FY2025, compounding +11.0%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.6B CNY
Latest YoY
−46.5%
Avg. growth/yr (3Y)
−18.7%
Avg. growth/yr (5Y)
−7.4%
Avg. growth/yr (20Y)
+9.2%
Revenue −12.8%/yr
FY21 ¥8.0B
FY22 ¥8.6B
FY23 ¥8.7B
FY24 ¥8.6B
FY25 ¥4.6B
Net income +11.0%/yr
FY21 ¥1.3B
FY22 ¥1.7B
FY23 ¥1.8B
FY24 ¥1.9B
FY25 ¥2.0B

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Cite: Fair Value Calculator (2026). "Jiangsu Zhangjiagang Rural Commercial Bank Co Fair Value". https://www.fairvalue-calculator.com/stock/002839

Peer Group

Banks - Regional · 1083 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.

Quality Score 40 · Bottom 25%
Fair Value upside +70% · Top 25%
Return on equity (TTM) 10% · Below median
Return on assets 1% · Below median
Net margin (TTM) 51% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.10× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 5.4× · Cheaper than 75% of peers
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 2.63× · Cheaper than median

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.

VALUE 100 · sector 39
FUTURE 0 · sector 44
PAST 38 · sector 41
HEALTH 95 · sector 85
DIVIDEND 100 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Jiangsu Zhangjiagang Rural Commercial Bank Co (002839) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥7.38 versus a price of ¥4.35, about +70% (undervalued).
What is the fair value of 002839?
Our model-based fair value for Jiangsu Zhangjiagang Rural Commercial Bank Co is ¥7.38 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥4.35.
What is the quality score of 002839?
Jiangsu Zhangjiagang Rural Commercial Bank Co has a Quality Score of 41/100. 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 revenue of Jiangsu Zhangjiagang Rural Commercial Bank Co (002839)?
Jiangsu Zhangjiagang Rural Commercial Bank Co reported trailing-twelve-month revenue of about 3.9B CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 002839?
The net profit margin of Jiangsu Zhangjiagang Rural Commercial Bank Co is about 50.9%, meaning it keeps roughly 50.9% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Zhangjiagang Rural Commercial Bank Co pay a dividend?
Jiangsu Zhangjiagang Rural Commercial Bank Co currently shows a dividend yield of about 5.12% relative to its recent price (as of Jul 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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