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Xiamen Bank Co (601187) Fair Value & Analysis

Financial Services · CN · Market cap 19.1B CNY

XB Xiamen Bank Co 601187 · SHG
Price¥7.25
Fair Value¥12.97
Upside+78.9%
Quality45/100
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Expensive Growth
Highly profitable · 46.4% net margin
negative free cash flow
Ranks above peers (7/11)
Wide moat 65/100
Evidence: Medium Range ¥9.73 – ¥16.22 Share as image

Fair value as of: Aug 8, 2026

From 4 valuation models · updated 2 days ago

Share price +4.2% over the past month.

Below-average quality, screening 79% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥9.73). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) 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)

¥7.94 ¥4.12 Fair Value ¥12.97 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥4.12 – ¥7.94 · fair‑value band ¥9.73 – ¥16.22 · the ¥7.25 price screens below the ¥12.97 fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Xiamen Bank Co (601187) currently trades at ¥7.25, while our model-based Fair Value estimate is ¥12.97, implying the stock looks roughly 78.9% undervalued today. The Quality Score stands at 45/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Xiamen Bank Co generated revenue of 2.9B CNY at a net margin of 46.4%. Revenue grew 3.8% year over year. It earns a return on equity of 11.8%. Net debt stands at 67.8B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥9.73 (bear case) to ¥16.22 (bull case); at ¥7.25, 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 12% below its 52-week high and 19% 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 79%, 601187 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 ¥10.52 ¥11.26 ¥12.62 76
P/E Multiple ¥9.73 ¥12.97 ¥16.22 63
P/B Multiple ¥12.73 ¥16.97 ¥21.21 55
All 4 models by family
Multiples
P/E Multiple ¥9.73 ¥12.97 ¥16.22 63
P/B Multiple ¥12.73 ¥16.97 ¥21.21 55
Asset-Based
NCAV (Graham) ¥6.34 ¥8.49 ¥12.68 50
Economic Profit
Residual Income ¥10.52 ¥11.26 ¥12.62 76

Widest divergence: Multiples (¥12.97) versus Asset-Based (¥8.49). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.9B CNY
Revenue growth (YoY) +3.8%
Net margin 46.4%
Return on equity 11.8%
Free cash flow −1.5B CNY FY2025
P/E ratio 7.9
More key figures
Operating margin 62.7%
EPS (TTM) ¥0.9200
EPS growth (YoY) -2.7%
Net debt 67.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 41 · Market factors (momentum, volatility) 56

Profitability 32
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 92
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

Xiamen Bank Co., Ltd. provides various banking products and services to individuals, corporate customers, and small and micro finance businesses in China and internationally.

Full company description

Xiamen Bank Co., Ltd. provides various banking products and services to individuals, corporate customers, and small and micro finance businesses in China and internationally. It offers personal savings products, personal loans, investment and financial management products, bank cards, and convenience finance services; cash management, international business, investment banking, intermediate business, and investment banking services, as well as corporate deposits and loans; and financing solutions for emerging and small businesses. The company also provides financial market services, including precious metal, bond, foreign exchange and derivative, bill collection, inter-bank, and franchise business services; and online and mobile banking services. It has branches in Chongqing and Fujian Province. The company was founded in 1996 and is based in Xiamen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xiamen Bank Co reported revenue of ¥2.8B in FY2025 versus ¥12.3B in FY2021, a compound −31.1%/yr. Reported net income was ¥2.6B in FY2025, compounding +5.0%/yr from FY2021.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.8B CNY
Avg. growth/yr (3Y)
+4.8%
Avg. growth/yr (5Y)
+6.0%
Avg. growth/yr (19Y)
+21.4%
Revenue −31.1%/yr
FY21 ¥12.3B
FY22 ¥13.4B
FY23 ¥13.8B
FY24 ¥14.1B
FY25 ¥2.8B
Net income +5.0%/yr
FY21 ¥2.2B
FY22 ¥2.5B
FY23 ¥2.7B
FY24 ¥2.6B
FY25 ¥2.6B

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Cite: Fair Value Calculator (2026). "Xiamen Bank Co Fair Value". https://www.fairvalue-calculator.com/stock/601187

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 47 · Below median
Fair Value upside +79% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 1% · Below median
Net margin (TTM) 46% · Top 25%
Operating margin (TTM) 63% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 1.00× · 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 19 · sector 44
PAST 47 · sector 41
HEALTH 0 · sector 85
DIVIDEND 0 · 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 8, 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 Xiamen Bank Co (601187) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥12.97 versus a price of ¥7.25, about +79% (undervalued).
What is the fair value of 601187?
Our model-based fair value for Xiamen Bank Co is ¥12.97 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥7.25.
What is the quality score of 601187?
Xiamen Bank Co has a Quality Score of 45/100. 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 Xiamen Bank Co (601187)?
Xiamen Bank Co reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 601187?
The net profit margin of Xiamen Bank Co is about 46.4%, meaning it keeps roughly 46.4% of revenue as net income. Based on the latest reported figures.

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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