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Yibin City Commercial Bank Co (2596) Fair Value & Analysis

Financial Services · HK · Market cap HK$12.2B

YC Yibin City Commercial Bank Co 2596 · HK
PriceHK$2.64
Fair ValueHK$4.86
Upside+84.4%
Quality37/100
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Expensive Growth
Highly profitable · 40.5% net margin
Moderate debt · negative free cash flow
1.36% dividend yield
Trails peers (4/13)
Moderate moat 64/100
Evidence: High Range HK$3.65 – HK$6.08 Share as image

Fair value as of: Aug 6, 2026

From 6 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from HK$2.75 to HK$4.86 (+76.7%) since Jul 2, 2026. Share price +0.6% over the past month.

Below-average quality, screening 84% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$3.65). 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 (19 months)

HK$2.66 HK$2.50 Fair Value HK$4.86 Jan 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

19‑month range HK$2.50 – HK$2.66 · fair‑value band HK$3.65 – HK$6.08 · the HK$2.64 price screens below the HK$4.86 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Yibin City Commercial Bank Co (2596) currently trades at HK$2.64, while our model-based Fair Value estimate is HK$4.86, implying the stock looks roughly 84.4% undervalued today. The Quality Score stands at 37/100 (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, Yibin City Commercial Bank Co generated revenue of HK$1.4B at a net margin of 40.5%. Revenue grew 14.0% year over year. It earns a return on equity of 5.2%. Net debt stands at HK$8.0B. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$3.65 (bear case) to HK$6.08 (bull case); at HK$2.64, 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 1% below its 52-week high and 4% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 84%, 2596 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 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. Evidence
Highest evidence
Residual Income HK$1.89 HK$1.91 HK$1.81 76
Gordon GGM HK$0.4200 HK$0.8800 HK$1.40 70
P/E Multiple HK$3.14 HK$4.18 HK$5.23 63
All 6 models by family
Dividend Discount
Gordon GGM HK$0.4200 HK$0.8800 HK$1.40 70
DDM Multi-Stage HK$0.4200 HK$0.7400 HK$0.9300 61
Multiples
P/E Multiple HK$3.14 HK$4.18 HK$5.23 63
P/B Multiple HK$1.52 HK$2.03 HK$2.54 55
Asset-Based
NCAV (Graham) HK$1.23 HK$1.65 HK$2.47 50
Economic Profit
Residual Income HK$1.89 HK$1.91 HK$1.81 76

Widest divergence: Multiples (HK$2.03) versus Dividend Discount (HK$0.7400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$1.4B
Revenue growth (YoY) +14.0%
Net margin 40.5%
Return on equity 5.2%
Free cash flow −HK$1.6B FY2025
P/E ratio 18.9
More key figures
Operating margin 44.3%
EPS (TTM) HK$0.0600
Dividend yield 1.4%
EPS growth (YoY) -11.0%
Net debt HK$8.0B FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 32 · Market factors (momentum, volatility) 64

Profitability 22
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 85
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

Yibin City Commercial Bank Co., Ltd provides banking and financial products and services to small and micro enterprises in the People's Republic of China. Its deposit products include demand, regular, personal notice, fixed term and flexible savings, and education savings.

Full company description

Yibin City Commercial Bank Co., Ltd provides banking and financial products and services to small and micro enterprises in the People's Republic of China. Its deposit products include demand, regular, personal notice, fixed term and flexible savings, and education savings. The company also offers white collar credit, housing loan, personal home, and renovation loan and business loans; specialized services, online, mobile, and telephone banking. Further, the company engages in wealth management; asset management, including financial product design and management; interbank lending, deposits, certificate of deposit, and investment; bond repurchase; spot bond trading; and bill rediscounting. Yibin City Commercial Bank Co. was incorporated in 2006 and is headquartered in Xuzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yibin City Commercial Bank Co reported revenue of HK$4.3B in FY2025 versus HK$2.8B in FY2021, a compound +11.6%/yr. Reported net income was HK$546M in FY2025, compounding +11.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$4.3B
Latest YoY
+2.2%
Avg. growth/yr (3Y) 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.
+12.5%
Avg. growth/yr (5Y) 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.
+15.9%
Revenue +11.6%/yr
FY21 HK$2.8B
FY22 HK$3.0B
FY23 HK$3.9B
FY24 HK$4.2B
FY25 HK$4.3B
Net income +11.6%/yr
FY21 HK$353M
FY22 HK$438M
FY23 HK$468M
FY24 HK$513M
FY25 HK$546M

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Cite: Fair Value Calculator (2026). "Yibin City Commercial Bank Co Fair Value". https://www.fairvalue-calculator.com/stock/2596

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 38 · Bottom 25%
Fair Value upside +84% · Top 25%
Return on equity (TTM) 5% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 40% · Top 25%
Operating margin (TTM) 44% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.67× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 18.9× · Pricier than 75% of peers
P/B 1.08× · Pricier than median
P/S (TTM) 8.78× · Pricier than 75% of peers
EV/EBITDA 12.8× · Pricier 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 70 · sector 44
PAST 21 · sector 41
HEALTH 67 · sector 85
DIVIDEND 27 · 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 Aug 6, 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 Yibin City Commercial Bank Co (2596) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$4.86 versus a price of HK$2.64, about +84% (undervalued).
What is the fair value of 2596?
Our model-based fair value for Yibin City Commercial Bank Co is HK$4.86 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$2.64.
What is the quality score of 2596?
Yibin City Commercial Bank Co has a Quality Score of 37/100. 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 Yibin City Commercial Bank Co (2596)?
Yibin City Commercial Bank Co reported trailing-twelve-month revenue of about HK$1.4B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 2596?
The net profit margin of Yibin City Commercial Bank Co is about 40.5%, meaning it keeps roughly 40.5% of revenue as net income. Based on the latest reported figures.
Does Yibin City Commercial Bank Co pay a dividend?
Yibin City Commercial Bank Co currently shows a dividend yield of about 1.36% relative to its recent price (as of Aug 6, 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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