China Merchants Bank Future Growth

Future criteria checks 2/6

China Merchants Bank is forecast to grow earnings and revenue by 6.7% and 9.2% per annum respectively. EPS is expected to grow by 5.7% per annum. Return on equity is forecast to be 13.5% in 3 years.

Key information

6.7%

Earnings growth rate

5.7%

EPS growth rate

Banks earnings growth	0.3%
Revenue growth rate	9.2%
Future return on equity	13.5%
Analyst coverage	Good
Last updated	14 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:M4BB - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	373,735	162,645	N/A	N/A	12
12/31/2025	348,051	151,531	N/A	N/A	12
12/31/2024	334,329	145,671	N/A	N/A	10
9/30/2024	293,749	141,338	-287,874	-252,275	N/A
6/30/2024	296,564	141,035	-281,468	-248,115	N/A
3/31/2024	295,796	141,282	-456,147	-424,328	N/A
12/31/2023	297,800	142,044	-292,104	-261,943	N/A
9/30/2023	294,066	137,768	-327,272	-297,089	N/A
6/30/2023	298,165	137,132	-682,929	-654,793	N/A
3/31/2023	291,508	135,592	-715,361	-680,169	N/A
12/31/2022	287,989	132,775	-653,413	-618,521	N/A
9/30/2022	283,106	129,616	-527,193	-496,829	N/A
6/30/2022	274,581	124,579	271,737	306,350	N/A
3/31/2022	271,538	120,316	240,219	269,542	N/A
12/31/2021	265,291	116,309	157,888	182,048	N/A
9/30/2021	251,808	112,703	256,406	283,882	N/A
6/30/2021	244,555	107,053	151,483	173,396	N/A
3/31/2021	233,684	99,911	430,338	452,410	N/A
12/31/2020	225,611	95,691	402,203	421,328	N/A
9/30/2020	216,232	90,561	698,861	718,512	N/A
6/30/2020	212,298	90,373	289,189	313,709	N/A
3/31/2020	212,598	93,752	-137,824	-115,116	N/A
12/31/2019	208,954	91,197	-19,532	4,432	N/A
9/30/2019	207,041	88,760	-273,587	-252,080	N/A
6/30/2019	198,460	84,757	-43,155	-25,120	N/A
3/31/2019	193,427	81,467	-192,345	-177,898	N/A
12/31/2018	187,726	78,901	-53,213	-35,721	N/A
9/30/2018	181,447	78,725	62,344	81,292	N/A
6/30/2018	174,821	75,647	N/A	-15,408	N/A
3/31/2018	167,334	72,847	N/A	178,245	N/A
12/31/2017	160,971	70,150	N/A	-5,660	N/A
9/30/2017	152,083	68,744	N/A	-181,102	N/A
6/30/2017	146,471	66,109	N/A	123,835	N/A
3/31/2017	143,689	63,708	N/A	-47,926	N/A
12/31/2016	143,561	62,081	N/A	-120,615	N/A
9/30/2016	143,280	61,338	N/A	-79,998	N/A
6/30/2016	144,311	59,951	N/A	-221,181	N/A
3/31/2016	143,937	58,826	N/A	84,607	N/A
12/31/2015	142,204	57,696	N/A	400,420	N/A
9/30/2015	143,425	58,607	N/A	297,063	N/A
6/30/2015	141,207	58,428	N/A	184,668	N/A
3/31/2015	138,742	58,186	N/A	244,298	N/A
12/31/2014	134,182	55,911	N/A	272,173	N/A
9/30/2014	136,049	58,049	N/A	263,849	N/A
6/30/2014	131,231	55,931	N/A	577,570	N/A
3/31/2014	127,045	53,667	N/A	173,019	N/A
12/31/2013	122,389	51,743	N/A	119,153	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: M4BB's forecast earnings growth (6.7% per year) is above the savings rate (1%).

Earnings vs Market: M4BB's earnings (6.7% per year) are forecast to grow slower than the German market (21.1% per year).

High Growth Earnings: M4BB's earnings are forecast to grow, but not significantly.

Revenue vs Market: M4BB's revenue (9.2% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: M4BB's revenue (9.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: M4BB's Return on Equity is forecast to be low in 3 years time (13.5%).