Industrial and Commercial Bank of China (1398.HK)

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Financials

Industrial and Commercial Bank of China (1398.HK)

Equity · Currency in HKD · Last updated Apr 28, 2025

Company Info

ISIN

CNE1000003G1

Sector

Financial Services

Industry

Banks - Diversified

IPO Date

Oct 27, 2006

Highlights

Market Cap

HK$2.55T

EPS (TTM)

HK$1.27

PE Ratio

5.26

PEG Ratio

2.10

Total Revenue (TTM)

HK$598.39B

Gross Profit (TTM)

HK$199.14B

EBITDA (TTM)

HK$94.31B

Year Range

HK$3.70 - HK$5.77

Target Price

HK$6.15

Share Price Chart

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Symbol name

Popular comparisons:

1398.HK vs. 9909.HK 1398.HK vs. 3988.HK 1398.HK vs. ^HSI 1398.HK vs. 0939.HK 1398.HK vs. SPY 1398.HK vs. ^GSPC 1398.HK vs. 0005.HK 1398.HK vs. BNP.PA 1398.HK vs. ^NDX

Popular comparisons:

1398.HK vs. 9909.HK 1398.HK vs. 3988.HK 1398.HK vs. ^HSI 1398.HK vs. 0939.HK 1398.HK vs. SPY 1398.HK vs. ^GSPC 1398.HK vs. 0005.HK 1398.HK vs. BNP.PA 1398.HK vs. ^NDX

Performance

Performance Chart

The chart shows the growth of an initial investment of HK$10,000 in Industrial and Commercial Bank of China, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

1398.HK (Industrial and Commercial Bank of China)

Benchmark (^GSPC)

Benchmark

Returns By Period

Industrial and Commercial Bank of China had a return of 8.00% year-to-date (YTD) and 46.30% in the last 12 months. Over the past 10 years, Industrial and Commercial Bank of China had an annualized return of 4.74%, while the S&P 500 had an annualized return of 10.27%, indicating that Industrial and Commercial Bank of China did not perform as well as the benchmark.

1398.HK

YTD

8.00%

-0.36%

18.94%

46.30%

5Y*

9.33%

10Y*

4.74%

^GSPC (Benchmark)

YTD

-6.06%

-1.00%

-4.87%

8.34%

5Y*

14.11%

10Y*

10.27%

*Annualized

Monthly Returns

The table below presents the monthly returns of 1398.HK, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	4.45%	3.97%	0.73%	-1.26%									8.00%
2024	0.00%	5.76%	-2.48%	7.36%	4.49%	4.98%	0.73%	3.46%	3.34%	0.43%	-2.15%	14.47%	47.16%
2023	4.23%	-6.44%	6.63%	0.96%	-0.71%	-0.24%	-1.17%	-5.26%	4.72%	-0.26%	-0.53%	2.14%	3.30%
2022	7.27%	-1.06%	3.00%	-1.46%	-0.63%	-1.06%	-3.30%	-3.61%	-8.00%	-7.34%	14.66%	2.81%	-0.79%
2021	-1.20%	2.22%	10.27%	-9.32%	0.79%	-4.50%	-5.26%	0.46%	-0.23%	-1.62%	-3.29%	6.80%	-6.20%
2020	-13.00%	2.11%	-0.38%	-0.75%	-5.13%	-0.48%	-2.55%	-5.24%	-7.37%	8.46%	12.85%	1.83%	-11.60%
2019	8.41%	-0.33%	-4.80%	2.44%	-4.92%	6.88%	-7.02%	-6.60%	6.06%	7.43%	-1.06%	7.53%	12.71%
2018	17.65%	-8.65%	-0.45%	3.72%	-6.88%	-9.69%	4.21%	-0.52%	-1.04%	-7.34%	4.91%	0.54%	-6.42%
2017	2.79%	6.48%	-0.19%	0.00%	2.56%	1.15%	9.35%	7.13%	-1.03%	6.72%	-1.94%	3.62%	42.50%
2016	-13.89%	-4.71%	13.02%	-2.99%	-2.14%	11.06%	2.33%	12.30%	-1.62%	-3.71%	1.71%	-2.10%	5.97%
2015	-1.41%	1.43%	1.06%	17.83%	0.15%	-4.03%	-13.31%	-14.23%	-2.62%	10.99%	-5.25%	-0.21%	-13.04%
2014	-8.20%	-3.33%	2.58%	-3.14%	9.09%	3.74%	8.77%	-3.56%	-5.84%	5.99%	2.54%	7.60%	15.26%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, 1398.HK is among the top 6% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Industrial and Commercial Bank of China (1398.HK) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

1398.HK: 2.03

^GSPC: 0.46

Sortino ratio

1398.HK: 2.74

^GSPC: 0.77

Omega ratio

1398.HK: 1.35

^GSPC: 1.11

Calmar ratio

1398.HK: 2.45

^GSPC: 0.47

Martin ratio

1398.HK: 11.07

^GSPC: 1.94

The current Industrial and Commercial Bank of China Sharpe ratio is 2.03. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Industrial and Commercial Bank of China with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

1398.HK (Industrial and Commercial Bank of China)

Benchmark (^GSPC)

Dividends

Dividend History

Industrial and Commercial Bank of China provided a 8.98% dividend yield over the last twelve months, with an annual payout of HK$0.49 per share.

Dividends

Dividend Yield

Period	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Dividend	HK$0.49	HK$0.34	HK$0.33	HK$0.34	HK$0.32	HK$0.29	HK$0.28	HK$0.29	HK$0.27	HK$0.28	HK$0.32	HK$0.33
Dividend yield	8.98%	6.43%	8.62%	8.54%	7.27%	5.74%	4.75%	5.19%	4.25%	5.92%	6.92%	5.82%

Monthly Dividends

The table displays the monthly dividend distributions for Industrial and Commercial Bank of China. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	HK$0.16	HK$0.00	HK$0.00	HK$0.00									HK$0.16
2024	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.34	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.34
2023	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.33	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.33
2022	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.34	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.34
2021	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.32	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.32
2020	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.29	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.29
2019	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.28	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.28
2018	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.29	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.29
2017	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.27	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.27
2016	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.28	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.28
2015	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.32	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.32
2014						HK$0.33	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.00	HK$0.33

Dividend Yield & Payout

Dividend Yield

1398.HK: 9.0%

Industrial and Commercial Bank of China has a dividend yield of 8.98%, which means its dividend payment is significantly above the market average.

Payout Ratio

1398.HK: 38.6%

Industrial and Commercial Bank of China has a payout ratio of 38.55%, which is quite average when compared to the overall market. This suggests that Industrial and Commercial Bank of China strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

1398.HK (Industrial and Commercial Bank of China)

Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Industrial and Commercial Bank of China. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Industrial and Commercial Bank of China was 61.25%, occurring on Oct 27, 2008. Recovery took 262 trading sessions.

The current Industrial and Commercial Bank of China drawdown is 4.70%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-61.25%	Oct 31, 2007	244	Oct 27, 2008	262	Nov 16, 2009	506
-46.26%	Nov 9, 2010	224	Oct 4, 2011	785	Dec 5, 2014	1009
-43.8%	Apr 23, 2015	200	Feb 12, 2016	381	Aug 25, 2017	581
-38.14%	Jan 30, 2018	1174	Nov 3, 2022	439	Aug 19, 2024	1613
-22.79%	Nov 19, 2009	56	Feb 8, 2010	185	Nov 8, 2010	241

Volatility

Volatility Chart

The current Industrial and Commercial Bank of China volatility is 9.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

1398.HK (Industrial and Commercial Bank of China)

Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Industrial and Commercial Bank of China over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

Annual

Quarterly

Valuation

The Valuation section provides an overview of how Industrial and Commercial Bank of China is priced in the market compared to other companies in the Banks - Diversified industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.

PE Ratio

1398.HK: 5.3

The chart displays the Price-to-Earnings (P/E) ratio for 1398.HK, comparing it with other companies in the Banks - Diversified industry. Currently, 1398.HK has a P/E ratio of 5.3. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.

PEG Ratio

1398.HK: 2.1

The chart shows the Price/Earnings to Growth (PEG) ratio for 1398.HK compared to other companies in the Banks - Diversified industry. 1398.HK currently has a PEG ratio of 2.1. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.

PS Ratio

1398.HK: 3.9

This chart shows the Price-to-Sales (P/S) ratio for 1398.HK relative to other companies in the Banks - Diversified industry. Currently, 1398.HK has a P/S ratio of 3.9. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

1398.HK: 0.5

The chart illustrates the Price-to-Book (P/B) ratio for 1398.HK in comparison with other companies in the Banks - Diversified industry. Currently, 1398.HK has a P/B value of 0.5. This P/B ratio is low compared to industry peers. It might indicate the stock is undervalued or that the company’s assets are not expected to generate strong returns.

Income Statement

	TTM
Revenue	—
Total Revenue	—
Cost Of Revenue	—
Gross Profit	—
Operating Expenses	—
Selling, General & Admin Expenses	—
R&D Expenses	—
Depreciation And Amortization	—
Total Operating Expenses	—
Income	—
Income Before Tax	—
Operating Income	—
EBITDA	—
EBIT	—
Earnings From Continuing Operations	—
Net Income	—
Income Tax Expense	—
Other Non-Operating Income (Expenses)	—
Extraordinary Items	—
Discontinued Operations	—
Effect Of Accounting Charges	—
Non Recurring	—
Minority Interest	—
Other Items	—
Interest Income	—
Interest Expense	—
Net Interest Income	—

Values in undefined except per share items

Industrial and Commercial Bank of China (1398.HK)

Company Info

Highlights

Share Price Chart

Compare to other instruments

Performance

Performance Chart

Returns By Period

Monthly Returns

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Sharpe ratio

Dividends

Dividend History

Monthly Dividends

Dividend Yield & Payout

Dividend Yield

Payout Ratio

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Financials

Financial Performance

Valuation

PE Ratio

PEG Ratio

PS Ratio

PB Ratio

Income Statement

Optimization

Factor Model

Portfolios

Screeners

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