CHINA MERCHANTS BANK CO LTDCC

CHINA MERCHANTS BANK CO LTD

50.25HKDD
−0.25−0.50%
At close at Jun 6, 08:08 GMT
HKD
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3968 fundamentals

Key facts

Market capitalization‪1.23 T‬HKD
Founded1987
Employees (FY)‪117.2 K‬
CEOLiang Wang
About

China Merchants Bank Co., Ltd. engages in the provision of corporate and personal banking services. It focuses on individual and corporate businesses, credit card, and small and medium enterprises. It operates through the following business segments: Wholesale Finance, Retail Finance, and Other Businesses. The company was founded on March 31, 1987 and is headquartered in Shenzhen, China.

Ownership
‪‪4.59 B‬‬
Free Float shares
‪‪3.78 B‬‬ (82.43%)
Closely held shares
‪‪806.71 M‬‬ (17.57%)
Free Float shares
‪‪3.78 B‬‬ (82.43%)
Closely held shares
‪‪806.71 M‬‬ (17.57%)
Capital structure
Market cap
‪‪1.23 T‬‬
Debt
‪‪1.85 T‬‬
Minority interest
‪‪8.22 B‬‬
Preferred stock
‪‪29.47 B‬‬
Cash & equivalents
‪‪618.03 B‬‬
Enterprise value
‪‪2.50 T‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪1.23 T‬‬
Price to earning ratio (P/E)
7.99x
Price to sales ratio (P/S)
2.37x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
7.99x
Price to sales ratio (P/S)
2.37x
Valuation ratios
‪0.00‬
‪0.55‬
‪1.10‬
‪1.65‬
‪2.20‬
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪1.70‬
‪3.40‬
‪5.10‬
‪6.80‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪25.0%‬
‪26.7%‬
‪28.4%‬
‪30.1%‬
‪31.8%‬
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪40.00 B‬‬
‪‪80.00 B‬‬
‪‪120.00 B‬‬
‪‪160.00 B‬‬
Total revenue
Net income
Net margin %
Revenue to profit conversion
Total revenue
Int. expense & PCL
Non-int. expense
Op income
Unusual income/ expense
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪35.00 B‬‬
‪‪70.00 B‬‬
‪‪105.00 B‬‬
‪‪140.00 B‬‬
Total revenue
Int. & Non-int. expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪35.00 B‬‬
‪‪70.00 B‬‬
‪‪105.00 B‬‬
‪‪140.00 B‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Retail Finance
Wholesale Finance
Other
By country
Period: 2024
China
Overseas

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
‪0.00‬
‪‪25.00 B‬‬
‪‪50.00 B‬‬
‪‪75.00 B‬‬
‪‪100.00 B‬‬
Actual
Estimate
Earnings
Next:Aug 29, 2025
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
‪0.00‬
‪0.45‬
‪0.90‬
‪1.35‬
‪1.80‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
34.57%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
4.30%
Next payment
2.184
Next ex-date
Jul 3, 2025
Next pay date
Aug 1, 2025
Dividend history
‪3.5%‬
‪5.0%‬
‪6.5%‬
‪8.0%‬
‪9.5%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.60‬
‪1.20‬
‪1.80‬
‪2.40‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Loans and customer deposits
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪‪−3.50 T‬‬
‪0.00‬
‪‪3.50 T‬‬
‪‪7.00 T‬‬
‪‪10.50 T‬‬
Net loans
Total deposits
Loan loss allowances
Capital adequacy analysis
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪5.00‬
‪10.00‬
‪15.00‬
‪20.00‬
Common equity Tier 1 ratio
Tier 1 capital ratio
Total capital ratio