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China Everbright Bank Co Ltd (601818) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of China Everbright Bank Co Ltd stock ¥6.36, price ¥3.13, upside +103.2%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services CN · ISIN CNE100000SL4

CE China Everbright Bank Co Ltd logo Thin data Nov 4, 2026

China Everbright Bank Co Ltd

601818 · SHG
Undervalued, but in a downtrend

The stock costs 51% less than our calculation considers fair.

Fair value ¥6.36 · Strongly undervalued (51%)
Quality 67/100
Highly profitable · 38.9% net margin (TTM)
Low debt
Generates free cash flow
5.6% dividend yield · Well covered
Ranks above peers (10/13)
Even on cautious assumptions the value is 52% above the price (¥4.77).
Moderate moat 61/100 · thin data
Weak Growth (revenue 5y −13.0 %/yr in CNY)
Thin data

Risks from the AI analysis

🚩Fintech banks like WeBank erode retail and SME share

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥4.44 ¥2.55 Fair Value ¥6.36 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range ¥2.55 – ¥4.44 · fair‑value band ¥4.77 – ¥8.91 · the ¥3.13 price screens below the ¥6.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

China Everbright Bank Company Limited provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

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It offers notice, RMB general and intelligent agreement, structured, and other deposits; working capital, fixed asset, project financing, syndicated, entrusted, and other loans; personal loans; E-grain, E-mortgage, and E-catering loans; overdraft facilities; and credit and debit cards.

The company also provides bank acceptance bills; investment banking services, such as bond underwriting services, M&A financing, corporate asset-backed and credit asset-backed securitization, and intermediary business; auto and trade finance; factoring, FX transactions, e-settlement, e-financing chain, and blockchain forfaiting transaction platform; risk management products; interbank business products, such as interbank lending and deposits, fund custody, clearing agency, and issuance of L/G; and asset custody and management services.

In addition, it is involved in monetary market, bond investment, bond underwriting, and proprietary bond trading business; foreign exchange trading; provision of mobile and online banking services; and operates mobile, electronic, and cloud fee payment platforms.

The company was founded in 1992 and is headquartered in Beijing, China.

Stock analysis

China Everbright Bank Co Ltd (601818) currently trades at ¥3.13, while our model-based Fair Value estimate is ¥6.36, implying the stock looks roughly 51% undervalued today.

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Valuation

Bull case: the Dividend Discount group reads highest at a median of ¥10.93 per share, and 6 of the 6 models we run sit above the ¥3.13 price.

Bear case: the Multiples group reads lowest at ¥5.06, and 0 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥4.77 (bear) to ¥8.91 (bull), the price of ¥3.13 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 67/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

China Everbright Bank Co Ltd reported revenue of 126B CNY in FY2025 versus 270B CNY in FY2021, a compound −17.3%/yr. Reported net income was 38.8B CNY in FY2025, compounding −2.7%/yr from FY2021.

Key figures

Market cap 185B CNY (≈ $27.8B) Large · P/E ratio 7.1 · P/S ratio 2.39 · EPS (TTM) ¥0.4500 · Dividend yield 5.6% · Net margin 38.9% · Return on equity 6.5% · Return on assets (EBIT) 0.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).

What moves the price

The share trades about 15% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 103%, 601818 screens cheaper than that median.

Fair Value models

Bear ¥4.77 Fair Value ¥6.36 Bull ¥8.91
Price ¥3.13 · Upside +103.2%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (¥0.2336 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.
Best data coverage
Residual Income ¥8.34 ¥8.77 ¥9.53 75
DDM Multi-Stage ¥6.84 ¥10.93 ¥15.32 64
Gordon GGM ¥6.84 ¥14.66 ¥24.14 63
All 6 models by family
Dividend Discount
Gordon GGM ¥6.84 ¥14.66 ¥24.14 63
DDM Multi-Stage ¥6.84 ¥10.93 ¥15.32 64
Multiples
P/E Multiple ¥6.41 ¥8.54 ¥10.68 61
P/B Multiple ¥3.79 ¥5.06 ¥6.32 53
Asset-Based
NCAV (Graham) ¥5.06 ¥6.79 ¥10.13 52
Economic Profit
Residual Income ¥8.34 ¥8.77 ¥9.53 75

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Quality Score breakdown

Overall quality 67/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 32
How much profit the company makes from its sales and capital
Quality Growth 58
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 29
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 98
How calm the share price moves, does not count
Price momentum 34
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 26
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−53.7%
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.
−23.2%
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.
−13.0%
Start year 2020 (pandemic). Over 10 years: −2.8% a year
Revenue growth 23 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.
+12.5%
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.
+6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.8%
Dividend (yield on the price)5.6%
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.0.8% vs 0.4%, 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.19% → 19%
Pace: the 5-year rate starts in 2020 (pandemic)

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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 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 67 · Top 25%
Fair Value upside +103.2% · Top 25%
Profitability
Return on equity (12 months) 6.5% · Bottom 25%
Return on assets 0.5% · Bottom 25%
Net margin (12 months) 38.9% · Top 25%
Operating margin (12 months) 54.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −18.6% · Bottom 25%
Dividend yield (12 months) 5.6% · Top 25%
Balance sheet
Debt / equity 0.28× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 7.1× · Cheapest 25%
P/B 0.31× · Cheapest 25%
P/S (12 months) 2.39× · Cheaper than median
Price / free cash flow 1.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 8
FUTURE (revenue growth)0 · sector 48
PAST (return on equity)26 · sector 43
HEALTH (low debt)86 · sector 85
DIVIDEND (yield)100 · sector 52

Context: sector, industry, market

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.52 ¥7.59 +38% vs 601818
China Merchants Bank Co 600036 ¥42.54 ¥52.73 +24% vs 601818
BNP Paribas SA BNP €91.94 €106.01 +15% vs 601818
Intesa Sanpaolo S.p.A ISP €6.27 €4.59 −27% vs 601818
UniCredit S.p.A UCG €77.18 €50.44 −35% vs 601818
Oversea-Chinese Banking Corporation O39 27.93 SGD 18.20 SGD −35% vs 601818
Mizuho Financial Group MFG $9.80 $5.90 −40% vs 601818
DBS Group D05 71.20 SGD 40.39 SGD −43% vs 601818
HDFC Bank Limited HDFCBANK ₹760.00 ₹406.39 −47% vs 601818
ICICI Bank Limited ICICIBANK ₹1,500 ₹615.63 −59% vs 601818

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China Everbright Bank Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "China Everbright Bank Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601818

Frequently asked questions

Is China Everbright Bank Co Ltd (601818) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥6.36 versus a price of ¥3.13, about +103% upside (undervalued).
What is the fair value of 601818?
Our model-based fair value for China Everbright Bank Co Ltd is ¥6.36 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥3.13.
What is the quality score of 601818?
China Everbright Bank Co Ltd has a Quality Score of 67/100. 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 China Everbright Bank Co Ltd (601818)?
Our model-based price target is the fair value of ¥6.36 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario ¥4.77, optimistic scenario ¥8.91. It is a calculation from audited fundamentals, not an analyst target.
What is the China Everbright Bank Co Ltd stock forecast for 2026?
Our models put fair value at ¥6.36, about +103% upside versus a price of ¥3.13 (undervalued). Cautious scenario ¥4.77, optimistic scenario ¥8.91. The calculation is refreshed regularly with new filings.
What is the revenue of China Everbright Bank Co Ltd (601818)?
China Everbright Bank Co Ltd reported trailing-twelve-month revenue of about 77.3B CNY (latest available figure, as of Nov 4, 2026).
Does China Everbright Bank Co Ltd pay a dividend?
China Everbright Bank Co Ltd currently shows a dividend yield of 5.59% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of China Everbright Bank Co Ltd (601818)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Everbright Bank Co Ltd it is ¥6.36 per share (as of Nov 4, 2026), against a price of ¥3.13. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is China Everbright Bank Co Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 601818 trades below its calculated fair value: price ¥3.13, fair value ¥6.36, a gap of about +103% (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 601818?
No. The price is what the market pays today (¥3.13); the fair value is what the company's own numbers justify (¥6.36). For China Everbright Bank Co Ltd the two are ¥3.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Everbright Bank Co Ltd worth?
The market values China Everbright Bank Co Ltd at about 185B CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥3.13; our models calculate a fair value of ¥6.36 per share.
What do the bullish and bearish scenarios say about 601818?
Our models span a range for China Everbright Bank Co Ltd: cautious scenario ¥4.77, base ¥6.36, optimistic ¥8.91 per share (as of Nov 4, 2026, price ¥3.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601818?
China Everbright Bank Co Ltd trades at a price-to-earnings ratio of 7.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.36 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 6.2. Other multiples: P/B 0.3, P/S 2.4.
How solid is the balance sheet of China Everbright Bank Co Ltd (601818)?
Balance-sheet figures for China Everbright Bank Co Ltd (as of Nov 4, 2026): return on equity 6.5%, debt of 0.28 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 601818 from its 52-week high?
China Everbright Bank Co Ltd trades at ¥3.13, about 15% below its 52-week high of ¥3.67 and 8% above the low of ¥2.89 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.36 is for.
Which stocks are comparable to China Everbright Bank 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 China Everbright Bank Co Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price ¥3.13, calculated fair value ¥6.36 (+103%), Quality Score 67/100, 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 601818 calculated?
We run China Everbright Bank 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 ¥6.36, 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 15.6% above its aggregate fair value. China Everbright Bank Co Ltd currently trades 51% 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 China Everbright Bank Co Ltd (601818)?
The closing price on Nov 5, 2026 was ¥3.13. Our model-based fair value is ¥6.36, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Everbright Bank Co Ltd right now?
The price is below even our cautious bear case (¥4.77). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (¥4.77 to ¥8.91) leaves room in how you read the outcome.
Where does the earnings growth of China Everbright Bank Co Ltd (601818) come from?
Earnings per share at China Everbright Bank Co Ltd grew +0.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +2.3 %, EBIT margin −3.0 %, tax rate +0.8 %, residual (interest, one-offs) +0.0 %. 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 China Everbright Bank Co Ltd

How large is the market capitalisation of China Everbright Bank Co Ltd (601818)?
The market capitalisation of China Everbright Bank Co Ltd is 185B CNY (≈ $27.8B). 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 China Everbright Bank Co Ltd (601818)?
The price-to-sales ratio of China Everbright Bank Co Ltd is 2.39 (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 China Everbright Bank Co Ltd (601818)?
Earnings per share at China Everbright Bank Co Ltd are ¥0.4500 (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China Everbright Bank Co Ltd (601818)?
The dividend yield of China Everbright Bank Co Ltd is 5.6% (payout 38.9%). 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 China Everbright Bank Co Ltd (601818)?
The net margin of China Everbright Bank Co Ltd is 38.9% (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 China Everbright Bank Co Ltd (601818)?
The return on equity (ROE) of China Everbright Bank Co Ltd is 6.5% (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 China Everbright Bank Co Ltd (601818)?
On an EBIT basis the return on assets of China Everbright Bank Co Ltd is 0.8% (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 China Everbright Bank Co Ltd (601818)?
The operating margin of China Everbright Bank Co Ltd is 54.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Everbright Bank Co Ltd (601818)?
Revenue at China Everbright Bank Co Ltd is growing −18.6% versus a year earlier (3y avg −23.2%). 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 China Everbright Bank Co Ltd (601818)?
Earnings per share at China Everbright Bank Co Ltd are growing −40.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Everbright Bank Co Ltd (601818) generate?
The free cash flow of China Everbright Bank Co Ltd is 155B 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 China Everbright Bank Co Ltd (601818) carry?
The net debt of China Everbright Bank Co Ltd is 905B CNY (fiscal year 2025, ≈ 5.8 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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