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Bank of Jiangsu Co (600919) Fair Value & Analysis

Financial Services · CN · Market cap 208B CNY

BO Bank of Jiangsu Co 600919 · SHG
Price¥11.75
Fair Value¥22.62
Upside+92.5%
Quality61/100
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Weak Growth
Highly profitable · 52.0% net margin
Low debt · generates free cash flow
5.01% dividend yield
Ranks above peers (12/13)
Moderate moat 64/100
Evidence: High Range ¥16.97 – ¥28.28 Share as image

Fair value as of: Jul 18, 2026

From 25 valuation models · updated 21 days ago

Fair value updated Jul 18, 2026, revised from ¥22.28 to ¥22.62 (+1.5%) since Jun 26, 2026. Share price +5.0% over the past month.

A solid business, screening 93% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥16.97). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) 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.
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Price vs Fair Value (5 years)

¥11.83 ¥4.07 Fair Value ¥22.62 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ¥4.07 – ¥11.83 · fair‑value band ¥16.97 – ¥28.28 · the ¥11.75 price screens below the ¥22.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Bank of Jiangsu Co (600919) currently trades at ¥11.75, while our model-based Fair Value estimate is ¥22.62, implying the stock looks roughly 92.5% undervalued today. We read business quality at 61/100 (solid 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, Bank of Jiangsu Co generated revenue of 67.9B CNY at a net margin of 52.0%. Revenue grew 12.2% year over year. It earns a return on equity of 11.0%. Net debt stands at 434B CNY. Fundamentals as of Jul 18, 2026

Our scenario range runs from ¥16.97 (bear case) to ¥28.28 (bull case); at ¥11.75, 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 23% 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 93%, 600919 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
Growth DCF ¥415.76 ¥694.59 ¥1,176 80
Residual Income ¥16.57 ¥18.65 ¥31.59 76
ROIC Compounder ¥39.83 ¥43.03 ¥45.88 72
All 25 models by family
DCF Models
FCF DCF ¥412.69 ¥697.88 ¥1,187 38
Owner Earnings ¥46.34 ¥64.33 ¥95.18 31
5Y Revenue Exit ¥152.33 ¥177.15 ¥200.62 39
5Y EBITDA Exit ¥160.88 ¥194.00 ¥227.10 41
5Y P/E Exit ¥164.21 ¥200.56 ¥235.63 38
10Y Revenue Exit ¥235.98 ¥284.25 ¥338.45 36
10Y EBITDA Exit ¥241.95 ¥296.57 ¥360.17 37
10Y P/E Exit ¥244.17 ¥301.37 ¥367.16 35
Earnings-Based
Graham-Dodd ¥12.78 ¥50.07 ¥67.96 54
Lynch FV ¥12.33 ¥17.62 ¥22.90 50
PEG = 1.0 ¥12.33 ¥17.62 ¥22.90 46
EPV ¥39.83 ¥43.03 ¥45.88 59
Dividend Discount
Gordon GGM ¥8.02 ¥17.51 ¥29.46 70
DDM Multi-Stage ¥8.02 ¥14.34 ¥18.24 61
Multiples
P/E Multiple ¥28.20 ¥37.60 ¥47.00 63
P/S Multiple ¥8.98 ¥11.98 ¥14.97 58
P/B Multiple ¥23.97 ¥31.96 ¥39.95 55
EV/EBIT ¥52.04 ¥62.16 ¥72.28 53
EV/EBITDA ¥44.49 ¥52.09 ¥59.70 54
EV/Revenue ¥30.06 ¥33.66 ¥37.25 43
Asset-Based
NCAV (Graham) ¥9.21 ¥12.34 ¥18.42 50
Growth DCF
Growth DCF ¥415.76 ¥694.59 ¥1,176 80
Economic Profit
Residual Income ¥16.57 ¥18.65 ¥31.59 76
ROIC Compounder ¥39.83 ¥43.03 ¥45.88 72
Growth Earnings
Growth-Adj P/E ¥21.38 ¥30.54 ¥39.70 68

Widest divergence: Growth DCF (¥694.59) versus Asset-Based (¥12.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 67.9B CNY
Revenue growth (YoY) +12.2%
Net margin 52.0%
Return on equity 11.0%
Free cash flow 560B CNY FY2025
P/E ratio 6.3
More key figures
Operating margin 71.3%
EPS (TTM) ¥1.81
Dividend yield 5.0%
EPS growth (YoY) +9.4%
Net debt 434B CNY FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 69

Profitability 34
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 88
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

Bank of Jiangsu Co., Ltd. provides various banking products and services in China. It operates through Corporate Finance business, Personal Finance business, Capital business, and Other businesses segments.

Full company description

Bank of Jiangsu Co., Ltd. provides various banking products and services in China. It operates through Corporate Finance business, Personal Finance business, Capital business, and Other businesses segments. The company offers personal banking services including private banking; investment and financing; personal savings; investment and wealth management; personal exchange; personal loans; payment, and welfare and sport lottery agency; and consumer finance services. It also provides corporate banking services comprising time, demand, structured, and current deposits; project financing and wealth management services; inward and outward remittance, export documentary collection and credit, import payment agency, and package loans, as well as L/C advice, review and negotiation, confirmation, and establishment services; money market, fixed income, and foreign exchange and derivatives; investment banking services, such as M&A and reorganization, structured financing, bond market, and securitization; and custody services. In addition, the company provides corporate loan, trade financing, finance leasing, guarantee, remittance and settlement, securities agency, credit card, repurchase transaction, and derivatives trading services; debt instrument investment services; foreign currency; and internet banking services, including direct, mobile, personal online, corporate online, telephone, SMS, and WeChat banking. The company serves individuals, corporations, government agencies, and financial institutions. Bank of Jiangsu Co., Ltd. was incorporated in 2006 and is based in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bank of Jiangsu Co reported revenue of ¥87.9B in FY2025 versus ¥123B in FY2021, a compound −8.1%/yr. Reported net income was ¥34.5B in FY2025, compounding +15.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
87.9B CNY
Latest YoY
−43.5%
Avg. growth/yr (3Y)
−13.1%
Avg. growth/yr (5Y)
−3.9%
Avg. growth/yr (20Y)
+16.1%
Revenue −8.1%/yr
FY21 ¥123B
FY22 ¥134B
FY23 ¥148B
FY24 ¥155B
FY25 ¥87.9B
Net income +15.0%/yr
FY21 ¥19.7B
FY22 ¥25.4B
FY23 ¥28.8B
FY24 ¥31.8B
FY25 ¥34.5B

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Cite: Fair Value Calculator (2026). "Bank of Jiangsu Co Fair Value". https://www.fairvalue-calculator.com/stock/600919

Peer Group

Banks - Regional · 1082 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 63 · Above median
Fair Value upside +93% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 1% · Below median
Net margin (TTM) 52% · Top 25%
Operating margin (TTM) 71% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than 75% of peers
P/B 0.62× · Cheaper than 75% of peers
P/S (TTM) 3.07× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers

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 61 · sector 44
PAST 44 · sector 41
HEALTH 91 · sector 85
DIVIDEND 100 · sector 49

Insider activity: 30/100

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 18, 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 Bank of Jiangsu Co (600919) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ¥22.62 versus a price of ¥11.75, about +93% (undervalued).
What is the fair value of 600919?
Our model-based fair value for Bank of Jiangsu Co is ¥22.62 (as of Jul 18, 2026), built from audited fundamentals. The current price is ¥11.75.
What is the quality score of 600919?
Bank of Jiangsu Co has a Quality Score of 61/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Bank of Jiangsu Co (600919)?
Bank of Jiangsu Co reported trailing-twelve-month revenue of about 67.9B CNY (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 600919?
The net profit margin of Bank of Jiangsu Co is about 52.0%, meaning it keeps roughly 52.0% of revenue as net income. Based on the latest reported figures.
Does Bank of Jiangsu Co pay a dividend?
Bank of Jiangsu Co currently shows a dividend yield of about 5.02% relative to its recent price (as of Jul 18, 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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