Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 1/6 |
Past Performance | 5/6 |
Financial Health | 6/6 |
Dividends | 6/6 |
600036 Stock Overview
China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services.
Rewards
Risk Analysis
No risks detected for 600036 from our risk checks.
China Merchants Bank Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | CN¥38.78 |
52 Week High | CN¥58.92 |
52 Week Low | CN¥35.26 |
Beta | 0.97 |
1 Month Change | -0.13% |
3 Month Change | -22.47% |
1 Year Change | -33.71% |
3 Year Change | 13.23% |
5 Year Change | 72.97% |
Change since IPO | 824.38% |
Recent News & Updates
Shareholder Returns
600036 | CN Banks | CN Market | |
---|---|---|---|
7D | 0.7% | -1.1% | -1.0% |
1Y | -33.7% | -25.5% | -18.0% |
Return vs Industry: 600036 underperformed the CN Banks industry which returned -25.5% over the past year.
Return vs Market: 600036 underperformed the CN Market which returned -18% over the past year.
Price Volatility
600036 volatility | |
---|---|
600036 Average Weekly Movement | 6.7% |
Banks Industry Average Movement | 4.8% |
Market Average Movement | 7.4% |
10% most volatile stocks in CN Market | 10.3% |
10% least volatile stocks in CN Market | 5.4% |
Stable Share Price: 600036 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 600036's weekly volatility (7%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1987 | 103,669 | n/a | https://www.cmbchina.com |
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.
China Merchants Bank Fundamentals Summary
600036 fundamental statistics | |
---|---|
Market Cap | CN¥988.67b |
Earnings (TTM) | CN¥120.32b |
Revenue (TTM) | CN¥271.54b |
8.1x
P/E Ratio1.1x
P/B RatioIs 600036 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
600036 income statement (TTM) | |
---|---|
Revenue | CN¥271.54b |
Cost of Revenue | CN¥0 |
Gross Profit | CN¥271.54b |
Other Expenses | CN¥151.22b |
Earnings | CN¥120.32b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 4.77 |
Gross Margin | 100.00% |
Net Profit Margin | 44.31% |
Debt/Equity Ratio | 95.1% |
How did 600036 perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield32%
Payout RatioValuation
Is China Merchants Bank undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600036 (CN¥38.78) is trading below our estimate of fair value (CN¥106.68)
Significantly Below Fair Value: 600036 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600036 is poor value based on its Price-To-Earnings Ratio (8.1x) compared to the CN Banks industry average (6.5x).
PE vs Market: 600036 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the CN market (30x).
Price to Earnings Growth Ratio
PEG Ratio: 600036 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 600036 is overvalued based on its Price-To-Book Ratio (1.1x) compared to the CN Banks industry average (0.6x).
Future Growth
How is China Merchants Bank forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600036's forecast earnings growth (13.9% per year) is above the savings rate (3.3%).
Earnings vs Market: 600036's earnings (13.9% per year) are forecast to grow slower than the CN market (23.6% per year).
High Growth Earnings: 600036's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600036's revenue (11.2% per year) is forecast to grow slower than the CN market (17.2% per year).
High Growth Revenue: 600036's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600036's Return on Equity is forecast to be low in 3 years time (18.1%).
Past Performance
How has China Merchants Bank performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
11.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600036 has high quality earnings.
Growing Profit Margin: 600036's current net profit margins (44.3%) are higher than last year (42.8%).
Past Earnings Growth Analysis
Earnings Trend: 600036's earnings have grown by 11.8% per year over the past 5 years.
Accelerating Growth: 600036's earnings growth over the past year (20.4%) exceeds its 5-year average (11.8% per year).
Earnings vs Industry: 600036 earnings growth over the past year (20.4%) exceeded the Banks industry 20.4%.
Return on Equity
High ROE: 600036's Return on Equity (13.9%) is considered low.
Financial Health
How is China Merchants Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 600036's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: 600036 has a sufficient allowance for bad loans (483%).
Low Risk Liabilities: 87% of 600036's liabilities are made up of primarily low risk sources of funding.
Loan Level: 600036 has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: 600036's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: 600036 has an appropriate level of bad loans (0.9%).
Dividend
What is China Merchants Bank current dividend yield, its reliability and sustainability?
Dividend Score
6/6Dividend Score 6/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600036's dividend (3.92%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 600036's dividend (3.92%) is in the top 25% of dividend payers in the CN market (2.12%)
Stability and Growth of Payments
Stable Dividend: 600036's dividends per share have been stable in the past 10 years.
Growing Dividend: 600036's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.9%), 600036's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600036's dividends in 3 years are forecast to be well covered by earnings (31.8% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
China Merchants Bank has no CEO, or we have no data on them.
Leadership Team
Experienced Management: 600036's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: 600036's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Merchants Bank Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: China Merchants Bank Co., Ltd.
- Ticker: 600036
- Exchange: SHSE
- Founded: 1987
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: CN¥988.674b
- Shares outstanding: 25.22b
- Website: https://www.cmbchina.com
Number of Employees
Location
- China Merchants Bank Co., Ltd.
- China Merchants Bank Tower
- 19th Floor
- Shenzhen
- Guangdong Province
- 518040
- China
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/25 00:00 |
End of Day Share Price | 2022/05/25 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.