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ICBC China Valuation Multiples

Discover revenue and EBITDA valuation multiples for ICBC China and similar public comparables like RAKBANK, National Bank of Fujairah, and First Abu Dhabi Bank.

ICBC China Overview

About ICBC China

Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.


Founded

1984

HQ

China
Employees

419.3K+

Website

icbc-ltd.com

Financials

LTM Revenue $109B

LTM EBITDA n/a

EV

$522B

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ICBC China Financials

ICBC China has a last 12-month revenue of $109B and a last 12-month EBITDA of n/a.

In the most recent fiscal year, ICBC China achieved revenue of $113B and an EBITDA of n/a.

ICBC China expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ICBC China P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $115B $113B XXX XXX XXX
Gross Profit n/a n/a XXX XXX XXX
Gross Margin NaN% NaN% XXX XXX XXX
EBITDA n/a n/a XXX XXX XXX
EBITDA Margin NaN% NaN% XXX XXX XXX
Net Profit $49.7B $50.2B XXX XXX XXX
Net Margin 43% 45% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

ICBC China Stock Performance

As of April 14, 2025, ICBC China's stock price is CNY 6 (or $1).

ICBC China has current market cap of CNY 2.26T (or $312B), and EV of CNY 3.79T (or $522B).

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ICBC China Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$522B $312B XXX XXX XXX XXX $0.14

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ICBC China Valuation Multiples

As of April 14, 2025, ICBC China has market cap of $312B and EV of $522B.

ICBC China's trades at 4.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate ICBC China's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICBC China Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $522B XXX XXX XXX
EV/Revenue 4.6x XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E 6.2x XXX XXX XXX
P/E/Growth 6.1x XXX XXX XXX
EV/FCF 7.0x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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ICBC China Valuation Multiples

ICBC China's NTM/LTM revenue growth is 3%

ICBC China's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, ICBC China's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate ICBC China's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICBC China Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -2% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth n/a XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 14% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 34% XXX XXX XXX XXX

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ICBC China Public Comps

See public comps and valuation multiples for Commercial Banking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Commercial Bank XXX XXX XXX XXX XXX XXX
Abu Dhabi Islamic Bank XXX XXX XXX XXX XXX XXX
First Abu Dhabi Bank XXX XXX XXX XXX XXX XXX
National Bank of Fujairah XXX XXX XXX XXX XXX XXX
RAKBANK XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

ICBC China M&A and Investment Activity

ICBC China acquired  XXX companies to date.

Last acquisition by ICBC China was  XXXXXXXX, XXXXX XXXXX XXXXXX . ICBC China acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ICBC China

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ICBC China

When was ICBC China founded? ICBC China was founded in 1984.
Where is ICBC China headquartered? ICBC China is headquartered in China.
How many employees does ICBC China have? As of today, ICBC China has 419.3K+ employees.
Is ICBC China publicy listed? Yes, ICBC China is a public company listed on SHG.
What is the stock symbol of ICBC China? ICBC China trades under 601398 ticker.
When did ICBC China go public? ICBC China went public in 2006.
Who are competitors of ICBC China? Similar companies to ICBC China include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah.
What is the current market cap of ICBC China? ICBC China's current market cap is $312B
What is the current revenue of ICBC China? ICBC China's last 12-month revenue is $109B.
What is the current EV/Revenue multiple of ICBC China? Current revenue multiple of ICBC China is 4.8x.
What is the current revenue growth of ICBC China? ICBC China revenue growth between 2023 and 2024 was -2%.
Is ICBC China profitable? Yes, ICBC China is EBITDA-positive (as of the last 12 months).

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