China Merchants Bank Co., Ltd. Logo

China Merchants Bank Co., Ltd.

3968.HK

(4.2)
Stock Price

30,05 HKD

1.36% ROA

14.81% ROE

4.18x PER

Market Cap.

686.131.154.967,16 HKD

49.44% DER

7.88% Yield

43.13% NPM

China Merchants Bank Co., Ltd. Stock Analysis

China Merchants Bank Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

China Merchants Bank Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.68x) suggests it's undervalued, making it an attractive opportunity for investors.

2 DER

The stock has a low debt to equity ratio (49%), which means it has a small amount of debt compared to the ownership it holds

3 Net Profit Growth

With a track record of consistent net profit growth over the past five years, this company presents a compelling investment opportunity due to its strong financial performance.

4 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

5 Dividend Growth

With a history of consistent dividend increases over the last five years, the company has proven to be a reliable choice for investors seeking steady income.

6 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

7 ROE

ROE in an average range (14.81%) suggests satisfactory profitability and decent utilization of shareholders' equity.

8 ROA

The stock's ROA (1.36%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

9 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

10 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

11 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (72) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

China Merchants Bank Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

China Merchants Bank Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

China Merchants Bank Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

China Merchants Bank Co., Ltd. Revenue
Year Revenue Growth
1999 7.264.011.000
2000 8.738.048.000 16.87%
2001 10.492.521.000 16.72%
2002 7.966.249.000 -31.71%
2003 16.246.326.000 50.97%
2004 22.494.817.000 27.78%
2005 28.446.146.000 20.92%
2006 25.083.779.000 -13.4%
2007 40.920.000.000 38.7%
2008 55.271.000.000 25.96%
2009 51.377.000.000 -7.58%
2010 71.361.000.000 28%
2011 96.094.000.000 25.74%
2012 113.336.000.000 15.21%
2013 132.551.000.000 14.5%
2014 165.705.000.000 20.01%
2015 201.335.000.000 17.7%
2016 208.704.000.000 3.53%
2017 219.899.000.000 5.09%
2018 247.246.000.000 11.06%
2019 267.980.000.000 7.74%
2020 287.601.000.000 6.82%
2021 327.223.000.000 12.11%
2022 342.258.000.000 4.39%
2023 327.276.000.000 -4.58%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

China Merchants Bank Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
1999 0
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

China Merchants Bank Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
1999 2.009.399.000
2000 2.645.116.000 24.03%
2001 2.946.357.000 10.22%
2002 3.829.891.000 23.07%
2003 4.816.439.000 20.48%
2004 6.514.204.000 26.06%
2005 7.908.583.000 17.63%
2006 9.517.787.000 16.91%
2007 14.354.000.000 33.69%
2008 20.340.000.000 29.43%
2009 23.078.000.000 11.86%
2010 28.481.000.000 18.97%
2011 34.798.000.000 18.15%
2012 40.795.000.000 14.7%
2013 45.565.000.000 10.47%
2014 50.656.000.000 10.05%
2015 55.741.000.000 9.12%
2016 58.538.000.000 4.78%
2017 66.772.000.000 12.33%
2018 77.112.000.000 13.41%
2019 86.541.000.000 10.9%
2020 96.745.000.000 10.55%
2021 109.727.000.000 11.83%
2022 113.375.000.000 3.22%
2023 105.756.000.000 -7.2%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

China Merchants Bank Co., Ltd. EBITDA
Year EBITDA Growth
1999 3.541.382.000
2000 4.644.614.000 23.75%
2001 5.901.453.000 21.3%
2002 6.073.296.000 2.83%
2003 7.849.076.000 22.62%
2004 11.005.432.000 28.68%
2005 15.451.013.000 28.77%
2006 23.788.882.000 35.05%
2007 39.591.000.000 39.91%
2008 54.494.000.000 27.35%
2009 49.915.000.000 -9.17%
2010 62.991.000.000 20.76%
2011 94.366.000.000 33.25%
2012 123.786.000.000 23.77%
2013 145.914.000.000 15.17%
2014 187.461.000.000 22.16%
2015 176.673.000.000 -6.11%
2016 163.814.000.000 -7.85%
2017 188.059.000.000 12.89%
2018 217.748.000.000 13.63%
2019 127.899.000.000 -70.25%
2020 134.535.000.000 4.93%
2021 160.792.000.000 16.33%
2022 313.582.000.000 48.72%
2023 175.624.000.000 -78.55%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

China Merchants Bank Co., Ltd. Gross Profit
Year Gross Profit Growth
1999 7.264.011.000
2000 8.738.048.000 16.87%
2001 10.492.521.000 16.72%
2002 7.966.249.000 -31.71%
2003 16.246.326.000 50.97%
2004 22.494.817.000 27.78%
2005 28.446.146.000 20.92%
2006 25.083.779.000 -13.4%
2007 40.920.000.000 38.7%
2008 55.271.000.000 25.96%
2009 51.377.000.000 -7.58%
2010 71.361.000.000 28%
2011 96.094.000.000 25.74%
2012 113.336.000.000 15.21%
2013 132.551.000.000 14.5%
2014 165.705.000.000 20.01%
2015 201.335.000.000 17.7%
2016 208.704.000.000 3.53%
2017 219.899.000.000 5.09%
2018 247.246.000.000 11.06%
2019 267.980.000.000 7.74%
2020 287.601.000.000 6.82%
2021 327.223.000.000 12.11%
2022 342.258.000.000 4.39%
2023 327.276.000.000 -4.58%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

China Merchants Bank Co., Ltd. Net Profit
Year Net Profit Growth
1999 481.785.000
2000 803.812.000 40.06%
2001 1.431.120.000 43.83%
2002 1.734.270.000 17.48%
2003 2.229.910.000 22.23%
2004 3.144.087.000 29.08%
2005 3.930.383.000 20.01%
2006 7.107.526.000 44.7%
2007 15.243.000.000 53.37%
2008 21.077.000.000 27.68%
2009 18.235.000.000 -15.59%
2010 25.769.000.000 29.24%
2011 36.129.000.000 28.68%
2012 45.273.000.000 20.2%
2013 51.743.000.000 12.5%
2014 55.911.000.000 7.45%
2015 57.696.000.000 3.09%
2016 62.081.000.000 7.06%
2017 70.150.000.000 11.5%
2018 80.560.000.000 12.92%
2019 92.867.000.000 13.25%
2020 97.342.000.000 4.6%
2021 119.922.000.000 18.83%
2022 138.012.000.000 13.11%
2023 152.552.000.000 9.53%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

China Merchants Bank Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1999 0
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 1 0%
2008 1 100%
2009 1 0%
2010 1 100%
2011 2 0%
2012 2 50%
2013 2 0%
2014 2 0%
2015 2 0%
2016 2 0%
2017 3 0%
2018 3 33.33%
2019 4 0%
2020 4 0%
2021 5 25%
2022 5 20%
2023 6 16.67%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

China Merchants Bank Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2000 6.315.650.000
2001 16.972.448.000 62.79%
2002 33.169.045.000 48.83%
2003 26.815.187.000 -23.69%
2004 4.568.282.000 -486.99%
2005 26.038.055.000 82.46%
2006 69.451.974.000 62.51%
2007 115.496.000.000 39.87%
2008 48.596.000.000 -137.67%
2009 39.529.000.000 -22.94%
2010 3.424.000.000 -1054.47%
2011 97.070.000.000 96.47%
2012 243.219.000.000 60.09%
2013 110.942.000.000 -119.23%
2014 264.048.000.000 57.98%
2015 391.341.000.000 32.53%
2016 -138.119.000.000 383.34%
2017 -21.996.000.000 -527.93%
2018 -53.213.000.000 58.66%
2019 -19.532.000.000 -172.44%
2020 402.203.000.000 104.86%
2021 157.888.000.000 -154.74%
2022 535.251.000.000 70.5%
2023 -45.938.000.000 1265.16%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

China Merchants Bank Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2000 7.493.086.000
2001 18.331.770.000 59.13%
2002 33.996.272.000 46.08%
2003 27.459.731.000 -23.8%
2004 6.570.441.000 -317.93%
2005 27.294.077.000 75.93%
2006 71.219.822.000 61.68%
2007 118.471.000.000 39.88%
2008 52.669.000.000 -124.93%
2009 43.096.000.000 -22.21%
2010 8.889.000.000 -384.82%
2011 101.296.000.000 91.22%
2012 249.713.000.000 59.44%
2013 119.153.000.000 -109.57%
2014 272.173.000.000 56.22%
2015 400.420.000.000 32.03%
2016 -120.615.000.000 431.98%
2017 -5.660.000.000 -2031.01%
2018 -35.721.000.000 84.15%
2019 4.432.000.000 905.98%
2020 421.328.000.000 98.95%
2021 182.048.000.000 -131.44%
2022 570.143.000.000 68.07%
2023 -40.704.000.000 1500.71%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

China Merchants Bank Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2000 1.177.436.000
2001 1.359.322.000 13.38%
2002 827.227.000 -64.32%
2003 644.544.000 -28.34%
2004 2.002.159.000 67.81%
2005 1.256.022.000 -59.4%
2006 1.767.848.000 28.95%
2007 2.975.000.000 40.58%
2008 4.073.000.000 26.96%
2009 3.567.000.000 -14.19%
2010 5.465.000.000 34.73%
2011 4.226.000.000 -29.32%
2012 6.494.000.000 34.92%
2013 8.211.000.000 20.91%
2014 8.125.000.000 -1.06%
2015 9.079.000.000 10.51%
2016 17.504.000.000 48.13%
2017 16.336.000.000 -7.15%
2018 17.492.000.000 6.61%
2019 23.964.000.000 27.01%
2020 19.125.000.000 -25.3%
2021 24.160.000.000 20.84%
2022 34.892.000.000 30.76%
2023 5.234.000.000 -566.64%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

China Merchants Bank Co., Ltd. Equity
Year Equity Growth
1999 2.881.504.000
2000 3.685.316.000 21.81%
2001 5.116.436.000 27.97%
2002 16.031.821.000 68.09%
2003 18.261.438.000 12.21%
2004 20.880.950.000 12.54%
2005 24.670.546.000 15.36%
2006 55.160.524.000 55.27%
2007 67.984.000.000 18.86%
2008 79.515.000.000 14.5%
2009 92.783.000.000 14.3%
2010 134.006.000.000 30.76%
2011 164.997.000.000 18.78%
2012 200.434.000.000 17.68%
2013 265.465.000.000 24.5%
2014 314.404.000.000 15.57%
2015 360.806.000.000 12.86%
2016 402.350.000.000 10.33%
2017 480.210.000.000 16.21%
2018 543.605.000.000 11.66%
2019 617.707.000.000 12%
2020 730.354.000.000 15.42%
2021 865.681.000.000 15.63%
2022 954.238.000.000 9.28%
2023 1.021.339.000.000 6.57%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

China Merchants Bank Co., Ltd. Assets
Year Assets Growth
1999 156.606.396.000
2000 219.507.988.000 28.66%
2001 266.317.155.000 17.58%
2002 371.659.912.000 28.34%
2003 503.892.810.000 26.24%
2004 602.765.487.000 16.4%
2005 733.983.030.000 17.88%
2006 934.102.238.000 21.42%
2007 1.310.552.000.000 28.72%
2008 1.571.797.000.000 16.62%
2009 2.067.941.000.000 23.99%
2010 2.402.507.000.000 13.93%
2011 2.794.971.000.000 14.04%
2012 3.408.219.000.000 17.99%
2013 4.016.399.000.000 15.14%
2014 4.731.829.000.000 15.12%
2015 5.474.978.000.000 13.57%
2016 5.942.311.000.000 7.86%
2017 6.297.638.000.000 5.64%
2018 6.745.729.000.000 6.64%
2019 7.417.240.000.000 9.05%
2020 8.361.448.000.000 11.29%
2021 9.249.021.000.000 9.6%
2022 10.138.912.000.000 8.78%
2023 10.668.009.000.000 4.96%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

China Merchants Bank Co., Ltd. Liabilities
Year Liabilities Growth
1999 153.724.892.000
2000 215.822.672.000 28.77%
2001 261.200.719.000 17.37%
2002 355.628.091.000 26.55%
2003 485.631.372.000 26.77%
2004 581.884.537.000 16.54%
2005 709.312.484.000 17.96%
2006 878.941.714.000 19.3%
2007 1.242.568.000.000 29.26%
2008 1.492.016.000.000 16.72%
2009 1.975.158.000.000 24.46%
2010 2.268.501.000.000 12.93%
2011 2.629.961.000.000 13.74%
2012 3.207.712.000.000 18.01%
2013 3.750.443.000.000 14.47%
2014 4.416.769.000.000 15.09%
2015 5.113.220.000.000 13.62%
2016 5.538.949.000.000 7.69%
2017 5.814.246.000.000 4.73%
2018 6.202.124.000.000 6.25%
2019 758.491.000.000 -717.69%
2020 503.900.000.000 -50.52%
2021 631.107.000.000 20.16%
2022 429.691.000.000 -46.87%
2023 500.463.000.000 14.14%

China Merchants Bank Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
13.31
Net Income per Share
5.74
Price to Earning Ratio
4.18x
Price To Sales Ratio
2.04x
POCF Ratio
1.27
PFCF Ratio
1.53
Price to Book Ratio
0.6
EV to Sales
0.66
EV Over EBITDA
0.91
EV to Operating CashFlow
0.46
EV to FreeCashFlow
0.49
Earnings Yield
0.24
FreeCashFlow Yield
0.65
Market Cap
686,13 Bil.
Enterprise Value
220,84 Bil.
Graham Number
71.95
Graham NetNet
18.42

Income Statement Metrics

Net Income per Share
5.74
Income Quality
6.83
ROE
0.15
Return On Assets
0.01
Return On Capital Employed
0.02
Net Income per EBT
0.85
EBT Per Ebit
0.71
Ebit per Revenue
0.72
Effective Tax Rate
0.14

Margins

Sales, General, & Administrative to Revenue
0.34
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
0.72
Pretax Profit Margin
0.51
Net Profit Margin
0.43

Dividends

Dividend Yield
0.08
Dividend Yield %
7.88
Payout Ratio
0.41
Dividend Per Share
1.89

Operating Metrics

Operating Cashflow per Share
18.9
Free CashFlow per Share
17.7
Capex to Operating CashFlow
-0.06
Capex to Revenue
-0.09
Capex to Depreciation
0
Return on Invested Capital
0.14
Return on Tangible Assets
0.01
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-1.2

Balance Sheet

Cash per Share
38,24
Book Value per Share
40,08
Tangible Book Value per Share
401.88
Shareholders Equity per Share
40.08
Interest Debt per Share
25.93
Debt to Equity
0.49
Debt to Assets
0.05
Net Debt to EBITDA
-1.91
Current Ratio
0
Tangible Asset Value
10.150,34 Bil.
Net Current Asset Value
465,30 Bil.
Invested Capital
0.49
Working Capital
965,76 Bil.
Intangibles to Total Assets
0
Average Receivables
0,00 Bil.
Average Payables
0,00 Bil.
Average Inventory
0
Debt to Market Cap
0.73

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

China Merchants Bank Co., Ltd. Dividends
Year Dividends Growth
2007 0
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 1 0%
2021 2 0%
2022 2 0%
2023 2 0%

China Merchants Bank Co., Ltd. Profile

About China Merchants Bank Co., Ltd.

China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels. The company also offers credit cards; insurance products; open-ended funds; discount and guarantees for commercial bills, redemption of commercial bills, and guaranteed discount for commercial acceptance bills; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. In addition, it provides forfeiting and risk participation, escrow, cross-border RMB clearing, and interbank services; and risk and financial management, cross-border RMB and oversea financing, international factoring and settlement, and trade finance services. Further, the company offers financial leasing and guarantee, investment and wealth management, forex option and gold trading, forex express trading, international, offshore and private banking, custody, pension, and electronic banking services. As of December 31, 2021, it operated 143 branches; 1,770 sub-branches; one branch-level operation center; 2,812 self-service centers; 6,592 self-service machines; one representative office; 14,746 visual counters in Mainland China. The company also operates in Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China.

CEO
Mr. Liang Wang
Employee
112.999
Address
China Merchants Bank Tower
Shenzhen, 518040

China Merchants Bank Co., Ltd. Executives & BODs

China Merchants Bank Co., Ltd. Executives & BODs
# Name Age
1 Mr. Jiangtao Zhu Msc
Chief Risk Officer, Executive Vice President & Executive Director
70
2 Mr. Desheng Zhong
Executive Assistant President
70
3 Mr. Liang Wang
President, Chief Executive Officer & Executive Director
70
4 Mr. Jiawen Peng
Company Secretary, Chief Financial Officer, Executive Assistant President & GM of Assets and Liabilities Mgmt Department
70
5 Mr. Wang Yungui
Executive Vice President
70
6 Ms. Li Li
General Manager of Finance & Accounting Department
70
7 Mr. Xiaoqing Wang
Executive Vice President
70
8 Ms. Ying Wang
Executive Assistant President
70
9 Mr. Weirong Hou
President of Corporate Finance Department
70
10 Mr. Chaoyang Jiang
Chief Information Officer
70

China Merchants Bank Co., Ltd. Competitors