Bank Of Ningbo Co (SZSE:002142) 3-Year FCF Growth Rate : 37.80% (As of Mar. 2024)

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What is Bank Of Ningbo Co 3-Year FCF Growth Rate?

Bank Of Ningbo Co's Free Cash Flow per Share for the three months ended in Mar. 2024 was ¥14.33.

During the past 12 months, Bank Of Ningbo Co's average Free Cash Flow per Share Growth Rate was 43.00% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 37.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Free Cash Flow per Share growth rate.

During the past 13 years, the highest 3-Year average Free Cash Flow per Share Growth Rate of Bank Of Ningbo Co was 106.30% per year. The lowest was -31.60% per year. And the median was 6.10% per year.

Competitive Comparison of Bank Of Ningbo Co's 3-Year FCF Growth Rate

For the Banks - Regional subindustry, Bank Of Ningbo Co's 3-Year FCF Growth Rate, along with its competitors' market caps and 3-Year FCF Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank Of Ningbo Co's 3-Year FCF Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Of Ningbo Co's 3-Year FCF Growth Rate distribution charts can be found below:

* The bar in red indicates where Bank Of Ningbo Co's 3-Year FCF Growth Rate falls into.

Bank Of Ningbo Co 3-Year FCF Growth Rate Calculation

This is the 3-year average growth rate of Free Cash Flow per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Free Cash Flow per Share growth rate.

Bank Of Ningbo Co (SZSE:002142) 3-Year FCF Growth Rate Explanation

Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.

Bank Of Ningbo Co 3-Year FCF Growth Rate Related Terms

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Bank Of Ningbo Co (SZSE:002142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Ningbo Co Ltd (SZSE:002142) » Definitions » 3-Year FCF Growth Rate

Traded in Other Exchanges

N/A

Address

No. 345, Ningdong Road, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

http://www.nbcb.com.cn

Bank of Ningbo is the fifth largest city commercial bank in China by total assets. Established in 1997 and listed on the Shenzhen Exchange in 2007, the bank is headquartered in Ningbo, a vice provincial city in Zhejiang province. It has a differentiated positioning in SME and nonmortgage retail loan business. The bank has established 16 branches in Zhejiang Province, Jiangsu Province, Shanghai, Beijing, and Guangdong Province. These regions contributed about 29%, 23%, 5%, 4%, and 4%, respectively, to revenue in 2022. It has a diversified shareholding structure, with SASAC of Ningbo Municipal Government, Singapore's OCBC Bank, and Youngor Group holding 19%, 18%, and 8% of the shares, respectively, as of end-March 2023.

Bank Of Ningbo Co (SZSE:002142) Headlines

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