Valuation China Merchants Bank Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2025-07-09			5-day change	1st Jan Change
47.13 ^CNY	-1.03%		+1.46%	+19.92%

Jul. 04	Jiangsu Lianyungang Port Issues 500 Million Yuan in Medium-Term Bonds	MT
Jul. 04	China Merchants Bank Gets Nod to Set Up Asset Investment Subsidiary	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,096,062	1,231,298	945,895	687,245	983,280	1,187,440	-	-
Change	-	12.34%	-23.18%	-27.34%	43.08%	20.76%	-	-
Enterprise Value (EV)	1,096,062	1,231,298	945,895	687,245	983,280	1,187,440	1,187,440	1,187,440
Change	-	12.34%	-23.18%	-27.34%	43.08%	20.76%	0%	0%
P/E ratio	11.6x	10.6x	7.08x	4.94x	6.94x	8.05x	7.71x	7.33x
PBR	1.73x	1.43x	1.14x	0.76x	0.95x	1.03x	0.95x	0.87x
PEG	-	0.5x	0.5x	0.7x	13.02x	2.33x	1.76x	1.43x
Capitalization / Revenue	3.77x	3.72x	2.74x	2.03x	2.91x	3.51x	3.35x	3.08x
EV / Revenue	0x	0x	0x	0x	0x	3.51x	3.35x	3.08x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	5.36x	5.08x	4.54x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	1.253	1.522	1.738	1.972	2	2.052	2.063	2.171
Rate of return	2.85%	3.12%	4.66%	7.09%	5.09%	4.35%	4.38%	4.61%
EPS ²	3.79	4.61	5.26	5.63	5.66	5.855	6.112	6.426
Distribution rate	33.1%	33%	33%	35%	35.3%	35.1%	33.8%	33.8%
Net sales ¹	290,508	331,253	344,784	339,123	337,537	338,351	354,003	385,807
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	187,514	214,135	220,154	215,611	216,839	221,374	233,833	261,572
Net income ¹	97,342	119,922	138,012	146,602	148,391	148,327	155,426	164,418
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	43.95	48.71	37.26	27.82	39.30	47.13	47.13	47.13
Nbr of stocks (in thousands)	25,219,846	25,219,846	25,219,846	25,219,846	25,219,846	25,219,846	-	-
Announcement Date	1/14/21	1/14/22	1/13/23	1/19/24	1/14/25	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CHINA MERCHANTS BANK CO., LTD.	8.13x	-	-	4.31%	167B
JPMORGAN CHASE & CO.	15.24x	-	-	2.02%	786B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.69x	-	-	5.48%	360B
BANK OF AMERICA CORPORATION	13.04x	-	-	2.3%	355B
CHINA CONSTRUCTION BANK CORPORATION	5.84x	-	-	5.23%	281B
WELLS FARGO & COMPANY	13.97x	-	-	2.07%	266B
BANK OF CHINA LIMITED	5.82x	-	-	5.38%	240B
HSBC HOLDINGS PLC	9.83x	-	-	5.49%	212B
COMMONWEALTH BANK OF AUSTRALIA	29.03x	-	-	2.7%	196B
ROYAL BANK OF CANADA	13.92x	-	-	3.32%	186B
Average	12.05x			3.83%	304.76B
Weighted average by Cap.	12.18x			3.52%