Industrial and Commercial Bank of China (1398) Stock Overview
Provides banking products and services in the People's Republic of China and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for 1398 from our risk checks.
1398 Community Fair Values
Create NarrativeSee what 91 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Industrial and Commercial Bank of China Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$7.61 |
| 52 Week High | HK$7.77 |
| 52 Week Low | HK$5.56 |
| Beta | 0.14 |
| 1 Month Change | 6.21% |
| 3 Month Change | 6.28% |
| 1 Year Change | 26.83% |
| 3 Year Change | 100.26% |
| 5 Year Change | 75.35% |
| Change since IPO | 116.19% |
Recent News & Updates
Recent updates
Narrative Update • Jun 28
1398: Risk Controls And Governance Changes Will Support Future Confidence
Analysts have slightly raised their HK$ price target for Industrial and Commercial Bank of China, reflecting updated fair value assumptions of around HK$9.22, modestly adjusted discount rate expectations, and revised views on revenue growth, profit margin, and future P/E levels. What's in the News for Industrial and Commercial Bank of China Industrial and Commercial Bank of China will stop offering intermediary services for retail trading of precious metals on the Shanghai Gold Exchange after 24 July, citing risk management considerations, according to recent press coverage.
Narrative Update • Jun 13
1398: Dividend Timetable And Board Actions Will Support Constructive Shareholder Outlook
Analysts now view Industrial and Commercial Bank of China as fairly valued at HK$8.33 per share, up from HK$7.62. The revised valuation is mainly linked to updated assumptions on revenue growth, profit margins and future P/E levels.
Narrative Update • May 30
1398: Higher Payouts And Richer Multiple Will Shape A Measured Outlook
Analysts have lifted their HK$ price target for Industrial and Commercial Bank of China. This reflects an updated fair value estimate of HK$7.15 that factors in slightly lower revenue growth assumptions, a modestly higher expected profit margin of about 41%, and an adjusted forward P/E of about 7x.Narrative Update • Apr 20
1398: Governance Timetable And Dividend Plan Will Shape Balanced Preference Shareholder Outlook
Analysts have nudged their HK$ fair value estimate for Industrial and Commercial Bank of China slightly higher, reflecting modest adjustments to inputs such as discount rate, revenue growth, profit margin, and forward P/E assumptions in their price target models. What's in the News Board meeting scheduled for February 13, 2026 to review the 2026 inclusive finance business operation plan, fixed asset investment budget, and internal audit plan, outlining the bank's priorities for the year ahead (Key Developments).Narrative Update • Apr 05
1398: Upcoming Governance Plans And Dividend Timetable Will Support Preference Shareholder Returns
Analysts have nudged their HK$ price target for Industrial and Commercial Bank of China slightly higher, citing updated assumptions that combine a marginally lower discount rate with stable revenue growth expectations, a modestly stronger profit margin, and a small adjustment to the projected future P/E multiple. What's in the News A board meeting will be held on Feb 13, 2026 to consider the 2026 inclusive finance business operation plan, the 2026 fixed asset investment budget, and the internal audit plan for 2026 (company event filing).Narrative Update • Mar 21
1398: Slight Model Tweaks Will Still Pressure Margins And Share Performance
Analysts have made only a slight adjustment to their HK$ fair value estimate for Industrial and Commercial Bank of China. This reflects small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E rather than a major change in view.Narrative Update • Mar 07
1398: Upcoming Governance Plans Will Support Preference Shareholder Returns
Analysts have raised their HK$ fair value estimate for Industrial and Commercial Bank of China slightly, to HK$7.37 from HK$7.26, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for Feb 13, 2026, to review the inclusive finance business operation plan for 2026, the fixed asset investment budget for 2026, and the internal audit plan for 2026 (company board disclosure).Narrative Update • Feb 21
1398: Governance And Inclusive Finance Plans Will Support Future Confidence
Analysts have slightly lifted their HK$ fair value estimate for Industrial and Commercial Bank of China to HK$8.81. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E.Narrative Update • Feb 07
1398: Green Finance Review And Governance Focus Will Support Future Confidence
Analysts have slightly increased their price target for Industrial and Commercial Bank of China, reflecting higher fair value estimates and minor adjustments to assumptions for discount rate, revenue growth, profit margin, and forward P/E. What's in the News Board meeting scheduled for December 23, 2025 to review the bank's implementation of green finance over the prior two years (Key Developments).Narrative Update • Jan 24
1398: Green Finance Review Will Support Confidence In Improved Profitability
Analysts have raised their price target for Industrial and Commercial Bank of China to ¥8.72 from ¥8.30 as they incorporate updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News Board meeting scheduled for Dec 23, 2025 to review the bank's green finance implementation over the past two years, basic regulations for compliance management, and remuneration payment plans for directors and senior management for 2024 (Key Developments).Narrative Update • Jan 09
1398: Higher Revenue Assumptions Will Still Pressure Margins And Share Performance
Analysts have slightly lifted their price target for Industrial and Commercial Bank of China, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and forward P/E that they see as better aligned with the bank’s current outlook. What's in the News A board meeting is scheduled for Dec 23, 2025, to review the bank's green finance implementation over the past two years, compliance management regulations, and proposed remuneration plans for directors and senior management for 2024 (Key Developments).Narrative Update • Dec 26
1398: Future Margin Compression May Drive Share Price Underperformance
Analysts have modestly raised their price target on Industrial and Commercial Bank of China, reflecting a slightly higher fair value estimate of RMB 5.35 from RMB 5.29. This is supported by expectations for stronger revenue growth, a lower discount rate, and a marginally cheaper forward P/E multiple, despite a small compression in profit margins.Narrative Update • Dec 12
1398: Upcoming Dividend Decisions Will Support Preference Shareholder Returns
Analysts have nudged their price target on Industrial and Commercial Bank of China higher, raising fair value by about 2 percent to approximately $7.26. They cite slightly stronger long term revenue growth, improved profit margins, and a marginally lower projected discount rate, which together offset a modest decline in the expected future P/E multiple.Narrative Update • Nov 27
1398: Interim Dividend And Board Moves To Support Measured Earnings Outlook
Analysts have modestly increased their price target for Industrial and Commercial Bank of China from ¥7.06 to ¥7.14, citing slight improvements in projected revenue growth and profit margins. What's in the News A Special Shareholders Meeting is scheduled for November 28, 2025.Narrative Update • Nov 10
1398: Rising Revenue Expectations Will Drive Future Earnings Momentum
The analyst price target for Industrial and Commercial Bank of China has been revised upward by RMB0.07 to RMB7.06. This change reflects updated expectations based on improved revenue growth projections, despite a slight decrease in anticipated profit margin.Narrative Update • Sep 02
Digital Modernization And International Expansion Will Unlock Future Opportunities
Analysts have raised their price target for Industrial and Commercial Bank of China to HK$6.97, citing improving economic conditions, stabilizing loan quality, supportive policy outlook, and renewed earnings optimism. Analyst Commentary Increasing likelihood of a soft landing in China's economy supporting a re-rating of bank stocks.
New Narrative • Nov 07
ICBC's Strategic Shift And Fintech Investment Poised To Boost Earnings And Net Margins
Strategic investments in capital strength and fintech aim to boost loan growth, enhance digital services, and improve revenue and operational efficiency.Shareholder Returns
| 1398 | HK Banks | HK Market | |
|---|---|---|---|
| 7D | -1.1% | -1.0% | -2.9% |
| 1Y | 26.8% | 20.8% | -6.2% |
Return vs Industry: 1398 exceeded the Hong Kong Banks industry which returned 20.8% over the past year.
Return vs Market: 1398 exceeded the Hong Kong Market which returned -6.2% over the past year.
Price Volatility
| 1398 volatility | |
|---|---|
| 1398 Average Weekly Movement | 3.4% |
| Banks Industry Average Movement | 4.0% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in HK Market | 15.1% |
| 10% least volatile stocks in HK Market | 3.6% |
Stable Share Price: 1398 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 1398's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 402,548 | Jun Liu | www.icbc-ltd.com |
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody services, and various types of corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions.
Industrial and Commercial Bank of China Limited Fundamentals Summary
| 1398 fundamental statistics | |
|---|---|
| Market cap | HK$3.22t |
| Earnings (TTM) | HK$422.75b |
| Revenue (TTM) | HK$797.84b |
6.4x
P/E Ratio0.6x
P/B RatioIs 1398 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1398 income statement (TTM) | |
|---|---|
| Revenue | CN¥682.49b |
| Cost of Revenue | CN¥0 |
| Gross Profit | CN¥682.49b |
| Other Expenses | CN¥320.86b |
| Earnings | CN¥361.63b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.01 |
| Gross Margin | 100.00% |
| Net Profit Margin | 52.99% |
| Debt/Equity Ratio | 148.0% |
How did 1398 perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield32%
Payout RatioDoes 1398 pay a reliable dividends?
See 1398 dividend history and benchmarks| Industrial and Commercial Bank of China dividend dates | |
|---|---|
| Ex Dividend Date | Oct 09 2026 |
| Dividend Pay Date | Nov 25 2026 |
| Days until Ex dividend | 25 days |
| Days until Dividend pay date | 72 days |
Does 1398 pay a reliable dividends?
See 1398 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 21:44 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Industrial and Commercial Bank of China Limited is covered by 47 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Meizhi Yan | Barclays |
| Kevin Kwek | Bernstein |
| Yi Wu | BofA Global Research |