Bank of Chengdu Co (601838) Fair Value & Analysis
Financial Services · CN · Market cap 84.7B CNY
Fair value as of: Jul 25, 2026
From 25 valuation models · updated 13 days ago
Fair value updated Jul 25, 2026, revised from ¥35.86 to ¥36.24 (+1.1%) since Jun 26, 2026. Share price −4.2% over the past month.
A solid business, screening 102% undervalued on our models.
What matters now
- The price is below even our cautious bear case (¥27.18). The market is more pessimistic than our downside scenario.
- Solid quality (58/100) 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.
Price vs Fair Value (5 years)
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 ¥8.94 – ¥20.88 · fair‑value band ¥27.18 – ¥45.30 · the ¥17.97 price screens below the ¥36.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.
Analysis
Bank of Chengdu Co (601838) currently trades at ¥17.97, while our model-based Fair Value estimate is ¥36.24, implying the stock looks roughly 101.7% undervalued today. We read business quality at 58/100 (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 Chengdu Co generated revenue of 21.7B CNY at a net margin of 61.8%. Revenue grew 4.6% year over year. It earns a return on equity of 14.0%. Net debt stands at 70.1B CNY. Fundamentals as of Jul 25, 2026
Our scenario range runs from ¥27.18 (bear case) to ¥45.30 (bull case); at ¥17.97, 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 14% below its 52-week high and 17% 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 102%, 601838 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.
All 25 models by family
Widest divergence: Growth DCF (¥408.80) versus Asset-Based (¥15.70). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 56
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 Chengdu Co., Ltd. provides various banking products and services in China. The company operates through three segments: Corporate Banking, Personal Banking, and Fund Operation Sales.
Full company description
Bank of Chengdu Co., Ltd. provides various banking products and services in China. The company operates through three segments: Corporate Banking, Personal Banking, and Fund Operation Sales. It offers savings; accounts; fixed, education savings, lumpsum, and corporate deposits; wealth management; fund products; agency treasury bonds; debit and credit cards; and personal, syndicated, working capital, fixed asset, real estate development, specialized corporate, entrusted, enterprise, science and technology enterprise, and full garden loans. The company also provides investment banking, including structured financing, mergers and acquisitions financing, credit bond underwriting, asset securitization, capital markets, and local debt and transaction matching advisors; foreign exchange; remittance; international settlement and trade finance; documentation services contact information; financial markets; treasury management; bill of exchange; guarantee; and asset custody. In addition, it offers account and settlement services; bill financing; government-bank linkage; and electronic banking, such as online, mobile, and telephone banking. The company was formerly known as Chengdu City Commercial Bank Co., Ltd. and changed its name to Bank of Chengdu Co., Ltd. in May 2008. Bank of Chengdu Co., Ltd. was founded in 1996 and is headquartered in Chengdu, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bank of Chengdu Co reported revenue of ¥23.5B in FY2025 versus ¥32.5B in FY2021, a compound −7.8%/yr. Reported net income was ¥13.3B in FY2025, compounding +14.1%/yr from FY2021.
Watch 601838: get an alert when its fair value changes →
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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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% |
Compare Bank of Chengdu Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Bank of Chengdu Co (601838) overvalued or undervalued?
What is the fair value of 601838?
What is the quality score of 601838?
What is the revenue of Bank of Chengdu Co (601838)?
What is the net profit margin of 601838?
Does Bank of Chengdu Co pay a dividend?
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.
Track Bank of Chengdu Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.