China Construction Bank Corp CICHY

FinancialsBanking ServicesChina

Last close 25.54 USD on Nov 3, 2026, +33.3% year to date

Quant rating

Quant rating B Rank 81 of 304 in Financials

Growth D 214 of 304
Valuation A 32 of 304
Quality D 271 of 304
Revisions A 36 of 304
Momentum A 21 of 304

Wall Street consensus Buy (2.00)Average target 1.83 USD −92.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 347.5B
Enterprise value: 759.9B
52-week range: 18.62 – 26.50
3-year range: 11.05 – 26.50
Dividend yield: 4.34%
Beta (5 years): 0.14
Shares outstanding: 261,600M
Next earnings: Mar 27, 2027

About the company

CHINA CONSTRUCTION BANK CORPORATION is a commercial bank. The Bank operates its businesses through corporate banking businesses, including corporate deposit, corporate credit loan, asset custody, enterprise annuity, trade financing, international settlement, international financing and value-added services, among others, personal banking businesses, including personal deposit, loan, bank card services, private bank services, foreign exchange trading and gold trading services, among others, and capital business. The Bank operates its businesses in domestic and overseas markets.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	164,914	170,093	175,740	169,717	166,454	–
Revenue growth	−3.0%	−3.2%	3.5%	2.0%	9.8%	1.7%
EPS (basic, normalized)	0.19	0.18	0.18	0.19	0.20	–
EPS growth	2.3%	0.5%	−3.7%	−4.3%	19.1%	2.5%
Gross margin	–	–	–	–	–	–
Net margin	28.9%	26.5%	26.3%	27.4%	28.2%	27.4%
ROE	–	10.3%	11.6%	12.3%	12.8%	11.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	740,380
Net debt (mil)	–
Total equity (mil)	588,518
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	164,914	−3.0%	4.6x	1.92	+8.7%	13.3x	0.19	+4.3%	135.8x
2026	123,337	−25.2%	6.2x	2.17	+13.4%	11.8x	0.20	+6.8%	127.1x
2027	130,596	+5.9%	5.8x	2.33	+7.1%	11.0x	0.21	+5.6%	120.4x
2028	139,460	+6.8%	5.4x	2.50	+7.4%	10.2x	0.23	+6.2%	113.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	123,337	+3.0%	+5.1%	+5.9%	0.20	+1.3%	+1.6%	+1.8%
2027	130,596	+2.9%	+5.0%	+5.8%	0.21	+2.2%	+2.6%	+3.3%
2028	139,460	+1.4%	+3.8%	+4.8%	0.23	+2.3%	+2.8%	+4.0%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	200,928	184,992	183,057	181,129	190,070	204,203	179,429	187,347	211,256	225,273
Sales mean (mil)	191,259	182,210	173,192	165,459	192,866	177,495	178,848	174,514	202,137	210,750
Surprise	+5.1%	+1.5%	+5.7%	+9.5%	−1.4%	+15.0%	+0.3%	+7.4%	+4.5%	+6.9%
EPS reported	0.35	0.31	0.35	0.30	0.33	0.32	0.35	0.30	0.33	0.32
EPS mean	0.35	0.32	0.34	0.31	0.35	0.32	0.34	0.30	0.34	0.31
Surprise	0.0%	−3.1%	+4.5%	−3.2%	−7.0%	+1.6%	+4.5%	0.0%	−2.9%	+3.2%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
CICHY China Construction Bank Corp	347.5B	–	28.9%	1.29x	127.1x	120.4x	11.8x	11.0x
ACGBY AGRICULTURAL BANK OF CHINA LIMITED	386.1B	–	22.8%	1.63x	168.9x	159.7x	16.7x	15.8x
BAC Bank of America Corporation	342.7B	14.0%	21.0%	1.72x	11.3x	9.6x	1.2x	1.1x
BACHY Bank of China Ltd	310.7B	–	22.9%	1.29x	161.9x	153.8x	13.8x	13.0x
HSBC HSBC Holdings PLC	288.9B	–	21.6%	1.95x	9.9x	9.0x	1.6x	1.5x
RY Royal Bank of Canada	283.0B	14.9%	19.1%	1.45x	17.4x	16.0x	2.9x	2.7x
Mean		14.5%	22.7%	1.56x	82.7x	78.1x	8.0x	7.5x
Median		14.5%	22.2%	1.54x	72.3x	68.2x	7.3x	6.8x

Technical analysis

1M+5.1%
3M+9.0%
1Y+32.3%
3Y+168.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, China Construction Bank Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	164,914	170,093	175,740	169,717	166,454	151,649
Total interest expense	83,009	89,279	88,779	76,394	71,144	63,387
Net interest income	81,906	80,814	86,961	93,323	95,310	88,262
Loan loss provision	19,803	16,660	21,235	20,925	23,448	29,029
Net interest income after loan loss provision	62,103	64,153	65,726	72,398	71,862	59,232
Non-interest income	30,394	24,918	25,568	26,030	37,400	30,473
Non-interest expense	−38,069	−36,412	−36,435	−42,797	−49,689	−38,117
Net income before taxes	54,428	52,659	54,859	55,631	59,573	51,589
Provision for taxes	5,839	6,589	8,019	8,530	11,726	9,661
Minority interest & equity in affiliates	−126	−96.6	27.2	−19.7	−223	−388
Other	0	0	0	0	0	0
Net income before extraordinary items	48,463	45,974	46,867	47,081	47,624	41,540
Extraordinary items	–	–	–	–	–	–
Net income	48,463	45,974	46,867	47,081	47,624	41,540
Basic weighted average shares (mil)	256,107	250,011	250,011	250,011	250,011	250,011
Diluted weighted average shares (mil)	256,107	250,011	250,011	250,011	250,011	250,011
Basic EPS excluding extraordinary items	0.19	0.18	0.18	0.19	0.19	0.16
Basic EPS, normalized	0.19	0.18	0.18	0.19	0.20	0.16

Balance sheet in millions of USD, fiscal years

Balance sheet, China Construction Bank Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	607,555	483,688	555,430	563,800	507,801	572,455
Other earning assets	1,960,837	1,552,133	1,487,934	1,382,725	1,279,535	1,154,533
Net loans	3,843,191	3,423,729	3,245,056	2,964,108	2,853,672	2,481,181
Property, plant & equipment	27,767	26,654	27,239	27,976	30,658	30,419
Goodwill	345	346	346	327	337	339
Intangibles	2,454	2,500	2,740	2,859	3,068	2,973
Long-term investments	3,973	3,228	2,956	3,291	2,971	2,100
Other long-term assets	20,110	16,646	21,363	16,605	14,797	14,551
Other assets	59,031	49,302	56,471	54,940	69,993	52,906
Total assets	6,525,263	5,558,225	5,399,536	5,016,632	4,762,831	4,311,457
Liabilities
Accounts payable	71,440	70,730	64,454	61,139	57,958	44,910
Payable/accrued	–	–	–	–	–	–
Accrued expenses	14,082	11,649	10,951	10,977	10,403	9,429
Total deposits	4,953,068	4,253,098	4,226,448	3,942,411	3,770,598	3,414,033
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	283,484	166,263	89,888	87,883	52,267	62,076
Current portion of long-term debt	412,252	358,261	349,552	275,368	240,148	214,258
Long-term debt	118,530	101,113	83,764	79,180	79,771	53,168
Minority interest	3,241	2,992	3,090	3,015	4,076	3,762
Other liabilities	145,305	138,990	127,572	142,658	140,149	147,398
Total liabilities	6,001,402	5,103,095	4,955,716	4,602,630	4,355,370	3,949,034
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	37,408	34,251	35,224	36,248	39,359	38,316
Additional paid-in capital	32,763	18,596	19,107	19,668	21,241	20,577
Retained earnings (accumulated deficit)	422,153	372,433	357,937	335,269	327,764	285,903
Treasury stock	–	–	–	–	–	–
Other equity	31,537	29,849	31,552	22,817	19,097	17,627
Total equity	523,861	455,130	443,820	414,001	407,461	362,423
Total liabilities & shareholders' equity	6,525,263	5,558,225	5,399,536	5,016,632	4,762,831	4,311,457

Cash flow statement in millions of USD, fiscal years

Cash flow statement, China Construction Bank Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	253,099	−7,960	31,218	71,423	−9,622	17,619
Cash from operations	300,474	46,309	90,570	141,857	68,752	88,994
Investing activities
Capital expenditures	−3,370	−3,997	−3,535	−3,444	−3,343	−3,945
Other investing cash flows	−248,997	−90,894	−112,170	−91,039	−78,291	−94,470
Cash from investing	−252,367	−94,890	−115,705	−94,483	−81,634	−98,415
Financing activities
Financing cash flow items	242	−4,991	4,134	917	−4,139	−6,541
Cash dividends paid	−15,469	−14,707	−14,450	−13,898	−13,596	−13,202
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	38,649	18,712	3,648	12,049	20,273	5,956
Cash from financing	23,422	−986	−6,668	−932	2,538	−13,787
Foreign exchange effects	−1,117	794	1,063	2,570	−1,200	−3,368
Net change in cash	70,412	−48,774	−30,740	49,013	−11,544	−26,576
Free cash flow	297,104	42,312	87,035	138,414	65,409	85,049

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.