Valuation China Merchants Bank Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 13/02/2026			5-day change	1st Jan Change
38.71 ^CNY	-0.72%		-2.25%	-8.05%

11/02	CATL Issues 5 Billion Yuan in Green Tech Bonds	MT
26/01	Li Ning Subsidiaries Subscribe to Wealth Management Products	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	10,96,062	12,31,298	9,45,895	6,87,245	9,83,280	9,96,532	9,96,532	-
Change	-	12.34%	-23.18%	-27.34%	43.08%	1.35%	0%	-
Enterprise Value (EV)	10,96,062	12,31,298	9,45,895	6,87,245	9,83,280	9,96,532	9,96,532	9,96,532
Change	-	12.34%	-23.18%	-27.34%	43.08%	1.35%	0%	0%
P/E ratio	11.6x	10.6x	7.08x	4.94x	6.94x	7.39x	6.43x	6.11x
PBR	1.73x	1.43x	1.14x	0.76x	0.95x	0.97x	0.79x	0.7x
PEG	-	0.5x	0.5x	0.7x	13.02x	10.46x	1.84x	1.16x
Capitalization / Revenue	3.77x	3.72x	2.74x	2.03x	2.91x	3.22x	2.81x	2.7x
EV / Revenue	0x	0x	0x	0x	0x	2.96x	2.81x	2.7x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	4.51x	4.23x	3.88x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	1.253	1.522	1.738	1.972	2	2	2.102	2.16
Rate of return	2.85%	3.12%	4.66%	7.09%	5.09%	5.17%	5.43%	5.58%
EPS ²	3.79	4.61	5.26	5.63	5.66	5.7	6.02	6.338
Distribution rate	33.1%	33%	33%	35%	35.3%	34.4%	34.9%	34.1%
Net sales ¹	2,90,508	3,31,253	3,44,784	3,39,123	3,37,537	3,37,532	3,55,034	3,69,111
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,87,514	2,14,135	2,20,154	2,15,611	2,16,839	2,21,084	2,35,706	2,56,863
Net income ¹	97,342	1,19,922	1,38,012	1,46,602	1,48,391	1,50,181	1,55,774	1,60,023
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	43.95	48.71	37.26	27.82	39.30	38.71	38.71	38.71
Nbr of stocks (in thousands)	2,52,19,846	2,52,19,846	2,52,19,846	2,52,19,846	2,52,19,846	2,52,19,846	2,52,19,846	-
Announcement Date	14/01/21	14/01/22	13/01/23	19/01/24	14/01/25	23/01/26	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
CHINA MERCHANTS BANK CO., LTD.	6.65x	-	-	5.17%	14TCr
JPMORGAN CHASE & CO.	14.91x	-	-	1.92%	82TCr
BANK OF AMERICA CORPORATION	13.81x	-	-	2.06%	38TCr
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.68x	-	-	5.48%	35TCr
HSBC HOLDINGS PLC	14.28x	-	-	4.24%	29TCr
CHINA CONSTRUCTION BANK CORPORATION	5.46x	-	-	5.46%	27TCr
WELLS FARGO & COMPANY	13.77x	-	-	1.96%	27TCr
ROYAL BANK OF CANADA	14.95x	-	-	2.92%	24TCr
BANK OF CHINA LIMITED	5.61x	-	-	5.41%	23TCr
MITSUBISHI UFJ FINANCIAL GROUP, INC.	15.51x	-	-	2.49%	22TCr
Average	11.06x			3.71%	32.1TCr
Weighted average by Cap.	11.82x			3.35%