China Zheshang Bank Co Ltd (601916) fair value: what the stock is really worth
We calculate from audited financials what China Zheshang Bank Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ¥2.08 – ¥3.62 · fair‑value band ¥4.93 – ¥6.83 · the ¥2.90 price screens below the ¥5.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
China Zheshang Bank Co., Ltd. provides corporate and retail banking services in Mainland China. The company operates through Corporate Banking, Retail Banking, and Treasury Business segments.
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China Zheshang Bank Co., Ltd. provides corporate and retail banking services in Mainland China. The company operates through Corporate Banking, Retail Banking, and Treasury Business segments. The Corporate Banking segment offers corporate loans and advances, trade financing, corporate deposits, credit commitments and financial guarantees, debt instrument underwriting and other corporate, and intermediary banking services to corporate clients, governments, and other institutions. The Retail Banking segment provides personal loans and advances, personal deposits, wealth management, bank card business, and other types of retail banking services to individual customers. The Treasury Business segment is involved in money market transactions, repurchase transactions, debt instrument investments, equity instrument investments, and proprietary business. It also engages in the financial derivatives business. China Zheshang Bank Co., Ltd. was incorporated in 1993 and is headquartered in Hangzhou, China.
Stock analysis
China Zheshang Bank Co Ltd (601916) currently trades at ¥2.90, while our model-based Fair Value estimate is ¥5.84, implying the stock looks roughly 50.3% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥6.14 per share, and 6 of the 6 models we run sit above the ¥2.90 price.
Bear case: the Dividend Discount group reads lowest at ¥3.09, and 0 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥4.93 (bear) to ¥6.83 (bull), the price of ¥2.90 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 32/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
China Zheshang Bank Co Ltd reported revenue of 60.3B CNY in FY2025 versus 29.6B CNY in FY2021, a compound +19.4%/yr. Reported net income was 12.9B CNY in FY2025, compounding +0.6%/yr from FY2021.
Key figures
Market cap 79.6B CNY (≈ $11.9B) · P/E ratio 6.4 · P/S ratio 1.38 · EPS (TTM) ¥0.4400 · Dividend yield 4.5% · Net margin 21.4% · Return on equity 6.5% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 101%, 601916 screens cheaper than that median.
Fair Value models
Bear ¥4.93Fair Value ¥5.84Bull ¥6.83
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.2243 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.Evidence ⓘEvidence = 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+53.0%
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.
+21.9%
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.
+16.9%
Revenue growth 13 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.
+15.4%
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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.
+1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)4.5%
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.−3% vs −1%, 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.56% → 48%
News mood ⓘNews mood, the average tone of recent news (20 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare China Zheshang Bank Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 1073 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside+95% · Top 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)34% · Above median
Operating margin (TTM)64% · Top 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)4.5% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "China Zheshang Bank Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601916
Frequently asked questions
Is China Zheshang Bank Co Ltd (601916) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥5.84 versus a price of ¥2.90, about +101% upside (undervalued).
What is the fair value of 601916?
Our model-based fair value for China Zheshang Bank Co Ltd is ¥5.84 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥2.90.
What is the quality score of 601916?
China Zheshang Bank Co Ltd has a Quality Score of 32/100. 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 Zheshang Bank Co Ltd (601916)?
Our model-based price target is the fair value of ¥5.84 (as of Sep 18, 2026) from 6 valuation models. Cautious scenario ¥4.93, optimistic scenario ¥6.83. It is a calculation from audited fundamentals, not an analyst target.
What is the China Zheshang Bank Co Ltd stock forecast for 2026?
Our models put fair value at ¥5.84, about +101% upside versus a price of ¥2.90 (undervalued). Cautious scenario ¥4.93, optimistic scenario ¥6.83. The calculation is refreshed regularly with new filings.
What is the revenue of China Zheshang Bank Co Ltd (601916)?
China Zheshang Bank Co Ltd reported trailing-twelve-month revenue of about 38.2B CNY (latest available figure, as of Sep 18, 2026).
Does China Zheshang Bank Co Ltd pay a dividend?
China Zheshang Bank Co Ltd currently shows a dividend yield of about 4.52% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of China Zheshang Bank Co Ltd (601916)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Zheshang Bank Co Ltd it is ¥5.84 per share (as of Sep 18, 2026), against a price of ¥2.90. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is China Zheshang Bank Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 601916 trades below its calculated fair value: price ¥2.90, fair value ¥5.84, a gap of about +101% (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 601916?
No. The price is what the market pays today (¥2.90); the fair value is what the company's own numbers justify (¥5.84). For China Zheshang Bank Co Ltd the two are ¥2.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Zheshang Bank Co Ltd worth?
The market values China Zheshang Bank Co Ltd at about 79.6B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥2.90; our models calculate a fair value of ¥5.84 per share.
What do the bullish and bearish scenarios say about 601916?
Our models span a range for China Zheshang Bank Co Ltd: cautious scenario ¥4.93, base ¥5.84, optimistic ¥6.83 per share (as of Sep 18, 2026, price ¥2.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601916?
China Zheshang Bank Co Ltd trades at a price-to-earnings ratio of 6.4 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.84 is built from several models across several years. Other multiples: P/B 0.4, P/S 2.0.
How solid is the balance sheet of China Zheshang Bank Co Ltd (601916)?
Balance-sheet figures for China Zheshang Bank Co Ltd (as of Sep 18, 2026): return on equity 6.5%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 601916 from its 52-week high?
China Zheshang Bank Co Ltd trades at ¥2.90, about 24% below its 52-week high of ¥3.84 and 1% above the low of ¥2.88 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.84 is for.
Which stocks are comparable to China Zheshang Bank Co Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Zheshang Bank Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price ¥2.90, calculated fair value ¥5.84 (+101%), Quality Score 32/100, 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 601916 calculated?
We run China Zheshang 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 ¥5.84, 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 16.1 % above its aggregate fair value. China Zheshang Bank Co Ltd currently trades 101 % 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 Zheshang Bank Co Ltd (601916)?
The closing price on Sep 18, 2026 was ¥2.90. Our model-based fair value is ¥5.84, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Zheshang Bank Co Ltd right now?
The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥4.93). 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of China Zheshang Bank Co Ltd (601916) come from?
Earnings per share at China Zheshang Bank Co Ltd grew +3.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share +3.8 %, EBIT margin −2.6 %, tax rate +1.8 %, residual (interest, one-offs) +0.8 %. 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 Zheshang Bank Co Ltd
How large is the market capitalisation of China Zheshang Bank Co Ltd (601916)?
The market capitalisation of China Zheshang Bank Co Ltd is 79.6B CNY (≈ $11.9B). 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 Zheshang Bank Co Ltd (601916)?
The price-to-sales ratio of China Zheshang Bank Co Ltd is 1.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China Zheshang Bank Co Ltd (601916)?
Earnings per share at China Zheshang Bank Co Ltd are ¥0.4400 (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China Zheshang Bank Co Ltd (601916)?
The dividend yield of China Zheshang Bank Co Ltd is 4.5% (payout 29.8%). 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 Zheshang Bank Co Ltd (601916)?
The net margin of China Zheshang Bank Co Ltd is 21.4% (fiscal year 2025). 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 Zheshang Bank Co Ltd (601916)?
The return on equity (ROE) of China Zheshang 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 Zheshang Bank Co Ltd (601916)?
On an EBIT basis the return on assets of China Zheshang Bank Co Ltd is 0.6% (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 Zheshang Bank Co Ltd (601916)?
The operating margin of China Zheshang Bank Co Ltd is 63.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Zheshang Bank Co Ltd (601916)?
Revenue at China Zheshang Bank Co Ltd is growing +0.2% versus a year earlier (3y avg +21.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does China Zheshang Bank Co Ltd (601916) generate?
The free cash flow of China Zheshang Bank Co Ltd is −21.9B 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 Zheshang Bank Co Ltd (601916) carry?
The net debt of China Zheshang Bank Co Ltd is 306B CNY (fiscal year 2025). 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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