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CIHHF US​

China Merchants Bank Co., Ltd. Class H(CIHHF US)

$6.10+0.000.00%Ext:$6.43+0.335.41%(Market Closed · 20:00:00 UTC)

Overview

ProfileEntity Structure

Financials & Metrics

FinancialsChartingShort InterestEmployees

China Merchants Bank Co., Ltd. Class H — Company Profile

China Merchants Bank Co., Ltd., operating with its subsidiaries, delivers a comprehensive array of financial and banking products and services. Its business operations are strategically divided into Wholesale Finance, Retail Finance, and Other Business segments. The bank offers a diverse selection of deposit accounts, including current, demand, time, call, savings, notice, and Renminbi-denominated accounts. Its lending portfolio is extensive, covering personal needs such as commercial real estate, consumption, housing, and automobile loans, alongside educational financing for overseas studies, and micro-business loans. For corporate clients, it provides equipment mortgages, joint and special guarantee loans, housing mortgage loans, as well as various business facilities like bank acceptance, discount, liquid capital, fixed asset, and vessel loans. Beyond traditional banking, the company issues credit cards, provides insurance products, and manages open-ended funds. It also facilitates commercial transactions through bill discounting, guarantees, and redemption services for commercial acceptance bills. Advisory services encompass financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing support, including services for enterprise listings. Further expanding its offerings, China Merchants Bank provides forfeiting and risk participation, escrow services, cross-border Renminbi clearing, and interbank solutions. It also delivers risk and financial management expertise, cross-border Renminbi and overseas financing, international factoring and settlement, and trade finance services. The institution's comprehensive suite of services also includes financial leasing and guarantee, investment and wealth management, forex option and gold trading, rapid forex transactions, international, offshore, and private banking, custody, pension, and advanced electronic banking platforms. As of December 31, 2021, its extensive network within Mainland China comprised 143 branches, 1,770 sub-branches, one branch-level operation center, 2,812 self-service centers, 6,592 self-service machines, a single representative office, and 14,746 visual counters. Globally, China Merchants Bank maintains operations in key international financial hubs such as Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was established in 1987 and is headquartered in Shenzhen, China.

Sector
Financials
Industry
Capital Markets
Exchange
UU
CEO
Liang Wang
Headquarters
Shenzhen, GD, CN
IPO Date
Jun 8, 2007
Employees
121,585
Website
www.cmbchina.com

Key Metrics

Price
$6.84
Market Cap
$172.50B
Revenue (TTM)
$118.01B
Net Income (TTM)
$37.85B
EPS (TTM)
1.51
P/E (TTM)
1.14
P/B (TTM)
0.15
Dividend Yield
6.13%
ROE (TTM)
3.36%
ROA (TTM)
0.28%
Operating Margin
37.50%
Beta
0.08

Dividends

Last Dividend
$0.13
Last Yield
0.06%

Summary

China Merchants Bank Co., Ltd., operating with its subsidiaries, delivers a comprehensive array of financial and banking products and services. Its business operations are strategically divided into Wholesale Finance, Retail Finance, and Other Business segments. The bank offers a diverse selection of deposit accounts, including current, demand, time, call, savings, notice, and Renminbi-denominated accounts. Its lending portfolio is extensive, covering personal needs such as commercial real estate, consumption, housing, and automobile loans, alongside educational financing for overseas studies, and micro-business loans. For corporate clients, it provides equipment mortgages, joint and special guarantee loans, housing mortgage loans, as well as various business facilities like bank acceptance, discount, liquid capital, fixed asset, and vessel loans. Beyond traditional banking, the company issues credit cards, provides insurance products, and manages open-ended funds. It also facilitates commercial transactions through bill discounting, guarantees, and redemption services for commercial acceptance bills. Advisory services encompass financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing support, including services for enterprise listings. Further expanding its offerings, China Merchants Bank provides forfeiting and risk participation, escrow services, cross-border Renminbi clearing, and interbank solutions. It also delivers risk and financial management expertise, cross-border Renminbi and overseas financing, international factoring and settlement, and trade finance services. The institution's comprehensive suite of services also includes financial leasing and guarantee, investment and wealth management, forex option and gold trading, rapid forex transactions, international, offshore, and private banking, custody, pension, and advanced electronic banking platforms. As of December 31, 2021, its extensive network within Mainland China comprised 143 branches, 1,770 sub-branches, one branch-level operation center, 2,812 self-service centers, 6,592 self-service machines, a single representative office, and 14,746 visual counters. Globally, China Merchants Bank maintains operations in key international financial hubs such as Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was established in 1987 and is headquartered in Shenzhen, China.

Website
www.cmbchina.com
Location
Shenzhen, GD, CN
Phone86 755 8319 8888
Employees121,585
CEOLiang Wang
Sector
Financials
Industry
Capital Markets
IPO DateJun 8, 2007

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Key Stats

Trading

Px/Chg 1D$6.84 / +0.00%
Avg Volume2.46K
Beta0.08
Mkt Cap172.50B
FD Mkt Cap162.42B

Float

Shrs Out/Float25.22B / 15.37B
Short Float0.00%
Days to Cover999.99
Stock Repurchased$0.00

Current Valuation

EV1.43T
EV/EBITDA7.98
EV/Sales3.08
P/B0.15
P/S0.37
FCF Yield53.95%
ROE3.36%
ROA0.28%
Current Ratio5.22

Dividend

Cash$0.13
Yield6.13%
Yield (TTM)6.13%

Estimates

P/E1.14
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Oct '26
PRICE-BASED RATIOS
Price / Earnings2.330.910.701.094.394.56
Price / Sales0.740.260.210.321.431.46
Price / Book Value0.130.130.100.130.130.15
Price / Free Cash Flow0.680.240.310.390.611.85
ENTERPRISE VALUE METRICS
Enterprise Value-138,033.2-355,000.0-497,872.0-545,424.4-720,659.41,428,789.6
Enterprise Value / Sales0.57-0.74-1.00-1.10-6.4312.11
Enterprise Value / EBITDA1.28-1.98-2.59-2.81-16.4130.19
Enterprise Value / EBIT1.89-2.15-2.82-3.05-15.3732.84

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue95.5%450,360.0477,403.0497,588.0497,850.0467,817.0
Gross Income36.7%327,223.0342,258.0336,647.0334,856.0332,059.0
EBITDA4.7%161,704.0179,719.0192,057.0194,242.0194,385.0
EBIT4.8%148,173.0165,113.0176,618.0178,652.0178,993.0
Net Income5.8%119,922.0138,012.0146,602.0148,391.0150,181.0
EPS (Diluted)5.4%4.615.265.635.665.70
BALANCE SHEET
Cash & ST Inv23.5%846,618.0960,911.01,073,586.01,212,666.01,969,318.0
Total Assets9%9,249,021.010,138,912.011,028,483.012,152,036.013,070,523.0
Total Liabilities8.9%8,383,340.09,184,674.09,942,754.010,918,561.011,789,624.0
Total Shareholder Equity10.3%858,745.0945,503.01,076,370.01,226,014.01,272,875.0
CASH FLOW
Net Operating Cash Flow25.5%182,048.0570,143.0357,753.0447,023.0451,457.0
Cap Ex3.9%-24,160.0-34,892.0-30,161.0-34,930.0-28,141.0
Free Cash Flow28%157,888.0535,251.0327,592.0412,093.0423,316.0

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)6.10
Basic Shares25,219.85
Market Cap153,841.1
Diluted Shares3,216.29
Fully Diluted Shares Outstanding3,216.29
Fully Diluted Market Cap19,619.4
+Consolidated Debt1,829,508.9
−In-the-Money Convertible Debt—
+Capital Leases10,926.5
+Operating Leases—
−Cash & Equivalents-581,421.1
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest8,198.1
+Pension Liabilities—
Enterprise Value1,410,127.0

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