001914.SHE China Merchants Property Operation & Service Co Ltd
- Market cap
- CNY 9.16B
- P/E
- 13.8x
- P/B
- 0.79x
- ROE
- 8.1%
- Dividend yield
- 3.26%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 001914.SHE undervalued?
Graham number001914.SHE trades 30.5% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
China Merchants Property Operation & Service Co Ltd fundamental analysis
No fundamental analysis for China Merchants Property Operation & Service Co Ltd yet.
China Merchants Property Operation & Service Co Ltd stock price
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About China Merchants Property Operation & Service Co Ltd
China Merchants Property Operation & Service Co., Ltd. engages in the real estate development and management. It also offers property and asset management services, and other services. The company was formerly known as AVIC SUNDA Holding Company Limited and changed its name to China Merchants Property Operation and Service Co., Ltd. in December 2019. China Merchants Property Operation & Service Co., Ltd. was founded in 1985 and is headquartered in Shenzhen, China.
Full company profileChina Merchants Property Operation & Service Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
China Merchants Property Operation & Service Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 6.33B | 4.26B | 6.66B | 6.08B | 8.65B | 10.6B | 13.0B | 15.6B | 17.2B | 19.3B | 19.8B |
| Gross Profit | 1.14B | -11.5M | 1.00B | 1.12B | 1.18B | 1.35B | 1.47B | 1.81B | 2.05B | 2.14B | 2.03B |
| Operating Income | 283M | 301M | 1.22B | 402M | 602M | 745M | 825M | 915M | 1.14B | 956M | 1.28B |
| EBITDA | 120M | -779M | 263M | 658M | 755M | 804M | 872M | 998M | 1.17B | 1.04B | 1.25B |
| Net Income | 161M | 151M | 857M | 286M | 437M | 513M | 594M | 736M | 840M | 655M | 905M |
| EPS | 0.24 | 0.23 | 1.28 | 0.41 | 0.41 | 0.48 | 0.56 | 0.69 | 0.79 | 0.62 | 0.86 |
| Balance Sheet | |||||||||||
| Total Assets | 21.7B | 19.1B | 13.2B | 16.5B | 16.3B | 16.8B | 17.8B | 18.6B | 19.1B | 20.1B | 20.6B |
| Total Liabilities | 17.0B | 14.5B | 8.35B | 8.50B | 7.99B | 8.19B | 8.50B | 8.69B | 8.50B | 9.21B | 9.30B |
| Shareholders' Equity | 4.08B | 4.18B | 4.84B | 7.98B | 8.31B | 8.66B | 9.15B | 9.76B | 10.4B | 10.7B | 11.1B |
| Cash & Short-term Investments | 1.96B | 2.07B | 2.21B | 2.41B | 2.30B | 2.06B | 3.17B | 4.35B | 4.67B | 5.62B | 3.53B |
| Total Debt | 9.99B | 6.77B | 4.83B | 3.95B | 3.09B | 2.60B | 2.47B | 2.16B | 896M | 377M | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 2.34B | 2.56B | 1.28B | 359M | 989M | 703M | 995M | 1.82B | 1.84B | 1.64B | - |
| Capital Expenditure | 541M | 344M | 143M | 43.9M | 35.2M | 18.6M | 28.2M | 30.6M | 23.8M | 19.1M | 20.9M |
| Free Cash Flow | 1.80B | 2.22B | 1.14B | 315M | 954M | 684M | 967M | 1.79B | 1.81B | 1.62B | -2.39B |
| Ratios | |||||||||||
| ROE | 4.0% | 3.6% | 17.7% | 3.6% | 5.3% | 5.9% | 6.5% | 7.5% | 8.1% | 6.1% | 8.1% |
| ROA | 0.7% | 0.8% | 6.5% | 1.7% | 2.7% | 3.1% | 3.3% | 4.0% | 4.4% | 3.3% | 4.4% |
| Net Profit Margin | 2.6% | 3.5% | 12.9% | 4.7% | 5.1% | 4.8% | 4.6% | 4.7% | 4.9% | 3.4% | 4.6% |
| Debt to Equity | 2.45x | 1.62x | 1.00x | 0.49x | 0.37x | 0.30x | 0.27x | 0.22x | 0.09x | 0.04x | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
China Merchants Property Operation & Service Co Ltd dividends
- Dividend yield
- 3.26%
- Forward dividend
- 0.26 CNY
- Payout ratio
- 45.5%
- Ex-dividend date
- Jul 24, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 298M | 0.28 | 45.5% |
| 2024 | CNY 273M | 0.26 | 32.5% |
| 2023 | CNY 215M | 0.20 | 29.3% |
| 2022 | CNY 106M | 0.10 | 17.9% |
| 2021 | CNY 137M | 0.13 | 26.8% |
| 2020 | CNY 108M | 0.10 | 24.7% |
| 2019 | CNY 200M | 0.29 | 69.9% |
| 2018 | CNY 485M | 0.73 | 56.6% |
| 2017 | CNY 588M | 0.88 | 390.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 20:10 on May 17, 2012.
Who owns China Merchants Property Operation & Service Co Ltd
- Insiders 62.87%
- Institutions 10.82%
- Public & others 26.31%
- Shares outstanding 1.05B
- Free float 431M
China Merchants Property Operation & Service Co Ltd company profile
- Company name
- China Merchants Property Operation & Service Co Ltd
- Ticker
- 001914.SHE
- ISIN
- CNE000000H95
- Exchange
- Shenzhen Stock Exchange
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Employees
- 41,450
- Fiscal year end
- December
- Address
- Nanguang Building, Shenzhen, China, 518031
- Phone
- 86 75 5832 44582
- Website
- cmpo1914.com
About China Merchants Property Operation & Service Co Ltd
China Merchants Property Operation & Service Co., Ltd. engages in the real estate development and management. It also offers property and asset management services, and other services. The company was formerly known as AVIC SUNDA Holding Company Limited and changed its name to China Merchants Property Operation and Service Co., Ltd. in December 2019. China Merchants Property Operation & Service Co., Ltd. was founded in 1985 and is headquartered in Shenzhen, China.
China Merchants Property Operation & Service Co Ltd management
6- Mr. Zhi Heng ChenGM & Director · born 1979
- Ms. Xia JiangFinancial Director & Accounting Supervisor · born 1980
- Mr. Jiang ChenChief Compliance Officer, General Counsel & Secretary of the Board of Directors · born 1976
- Ms. Yan Hong WenDeputy General Manager · born 1974
- Mr. Xiao ZhaoNon-Independent Director & Deputy GM · born 1972
- Mr. Lin ChenDeputy General Manager · born 1985