IND.+COMM.BK CHINA ADR/20 (ICKB) - Net Assets
Based on the latest financial reports, IND.+COMM.BK CHINA ADR/20 (ICKB) has net assets worth €4.36 Trillion EUR (≈ $5.09 Trillion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€55.77 Trillion ≈ $65.20 Trillion USD) and total liabilities (€51.42 Trillion ≈ $60.11 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore IND.+COMM.BK CHINA ADR/20 (ICKB) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.36 Trillion |
| % of Total Assets | 7.81% |
| Annual Growth Rate | 6.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.75 |
IND.+COMM.BK CHINA ADR/20 - Net Assets Trend (2021–2025)
This chart illustrates how IND.+COMM.BK CHINA ADR/20's net assets have evolved over time, based on quarterly financial data. Explore ICKB strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for IND.+COMM.BK CHINA ADR/20 (2021–2025)
The table below shows the annual net assets of IND.+COMM.BK CHINA ADR/20 from 2021 to 2025. For live valuation and market cap data, see ICKB stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €4.27 Trillion ≈ $4.99 Trillion |
+7.14% |
| 2024-12-31 | €3.99 Trillion ≈ $4.66 Trillion |
+5.58% |
| 2023-12-31 | €3.78 Trillion ≈ $4.42 Trillion |
+7.43% |
| 2022-12-31 | €3.52 Trillion ≈ $4.11 Trillion |
+7.33% |
| 2021-12-31 | €3.28 Trillion ≈ $3.83 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to IND.+COMM.BK CHINA ADR/20's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 34.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.18 Trillion | 51.37% |
| Other Components | €2.06 Trillion | 48.63% |
| Total Equity | €4.24 Trillion | 100.00% |
IND.+COMM.BK CHINA ADR/20 Competitors by Market Cap
The table below lists competitors of IND.+COMM.BK CHINA ADR/20 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moodys Corporation
NYSE:MCO
|
$78.32 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$78.37 Billion |
|
ICICI Bank Limited
F:ICBA
|
$78.49 Billion |
|
Glencore PLC
JSE:GLN
|
$78.52 Billion |
|
Brookfield Asset Management Ltd.
NYSE:BAM
|
$78.13 Billion |
|
AXA SA
F:AXAA
|
$78.11 Billion |
|
Emerson Electric Company
NYSE:EMR
|
$78.09 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$78.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IND.+COMM.BK CHINA ADR/20's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,969,841,000,000 to 4,244,259,000,000, a change of 274,418,000,000 (6.9%).
- Net income of 368,562,000,000 contributed positively to equity growth.
- Dividend payments of 202,740,000,000 reduced retained earnings.
- Other factors increased equity by 108,596,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €368.56 Billion | +8.68% |
| Dividends Paid | €202.74 Billion | -4.78% |
| Other Changes | €108.60 Billion | +2.56% |
| Total Change | €- | 6.91% |
Book Value vs Market Value Analysis
This analysis compares IND.+COMM.BK CHINA ADR/20's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.68x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €9.14 | €15.40 | x |
| 2022-12-31 | €9.81 | €15.40 | x |
| 2023-12-31 | €10.54 | €15.40 | x |
| 2024-12-31 | €11.14 | €15.40 | x |
| 2025-12-31 | €11.91 | €15.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IND.+COMM.BK CHINA ADR/20 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.22%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.60x
- Recent ROE (8.68%) is below the historical average (9.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.69% | 37.06% | 0.03x | 10.80x | €22.56 Billion |
| 2022 | 10.33% | 41.45% | 0.02x | 11.33x | €11.52 Billion |
| 2023 | 9.69% | 43.43% | 0.02x | 11.90x | €-11.70 Billion |
| 2024 | 9.22% | 44.77% | 0.02x | 12.30x | €-31.12 Billion |
| 2025 | 8.68% | 44.22% | 0.02x | 12.60x | €-55.86 Billion |
Industry Comparison
This section compares IND.+COMM.BK CHINA ADR/20's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $860,864,634,400
- Average return on equity (ROE) among peers: 8.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IND.+COMM.BK CHINA ADR/20 (ICKB) | €4.36 Trillion | 10.69% | 11.80x | $78.13 Billion |
| VP Bank AG (3VFN) | $1.11 Billion | 3.99% | 9.34x | $568.46 Million |
| THE BK N.T.BUTTERF.+S.NEW (4IK) | $977.49 Million | 0.00% | 14.69x | $1.96 Billion |
| ABN AMRO BK.UNSP.ADR/1 (AB2A) | $26.11 Billion | 9.20% | 13.75x | $23.71 Billion |
| Barclays PLC (BCY2) | $70.21 Billion | 9.08% | 18.72x | $66.81 Billion |
| BANC.DE.SA.A ADR2/EO-125 (BDS) | $14.08 Billion | 12.61% | 16.43x | $15.71 Billion |
| Banco Santander S.A (BSDK) | $112.75 Billion | 12.51% | 15.56x | $148.32 Billion |
| Bank of Communications Co. Ltd (C4C) | $1.28 Trillion | 7.47% | 11.14x | $31.37 Billion |
| China Construction Bank Corporation (C6T) | $3.69 Trillion | 9.19% | 11.38x | $249.31 Billion |
| CHINA CON.BANK ADR/20 YC1 (C6TB) | $3.34 Trillion | 10.04% | 11.13x | $235.44 Billion |
| Commonwealth Bank of Australia (CWW) | $73.09 Billion | 12.85% | 16.16x | $181.02 Billion |
About IND.+COMM.BK CHINA ADR/20
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 financial products and services, such as deposit-taking activities, trade financing, corporate w… Read more