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3968
3968.HK
China Merchants Bank Co., Ltd.
$51.65
-0.45
(-0.86%)
| Exchange: | HKSE |
| Market Cap: | 1.303T |
| Shares Outstanding: | 25.22B |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | Liang Wang | |||||
| Full Time Employees: | 121585 | |||||
| Address: |
| |||||
| Website: | https://www.cmbchina.com |
Alongside its subsidiaries, China Merchants Bank Co., Ltd. delivers a comprehensive range of banking and financial services. Its operations are structured into Wholesale Finance, Retail Finance, and Other Business segments. Customers can access a variety of account types, including checking, savings, time deposits, call accounts, notice accounts, and Renminbi accounts. The bank’s extensive lending portfolio encompasses personal loans for housing, vehicles, consumption, commercial real estate, education abroad, and micro-businesses, as well as equipment and various guarantee-backed mortgages. For corporate clients, it provides financing for working capital, fixed assets, vessel purchases, bank acceptances, and discounts. Beyond traditional banking, its offerings extend to credit cards, insurance, and open-ended funds. It also facilitates commercial bill transactions (discounting, guarantees, redemption) and delivers comprehensive financial advisory services, including debt and equity financing underwriting, merger and acquisition financing, and assistance with enterprise listings. Further services include forfeiting, risk participation, escrow, cross-border RMB clearing, and interbank operations. The bank also specializes in risk and financial management, international factoring, trade finance, and both cross-border RMB and overseas financing solutions. Additional specialized services cover financial leasing and guarantees, investment and wealth management, forex and gold trading (including options and express trading), international, offshore, and private banking, as well as custody, pension, and electronic banking services. As of December 31, 2021, its extensive domestic network in Mainland China comprised 143 branches, 1,770 sub-branches, a branch-level operation center, 2,812 self-service centers, 6,592 self-service machines, a representative office, and 14,746 visual counters. Globally, the bank maintains a presence in key financial hubs such as Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. Established in 1987, China Merchants Bank Co., Ltd. has its headquarters in Shenzhen, China.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 3968.HK | China Merchants Bank Co., Ltd. | 1.30T | 7.0 | 49.6 | 1.2% |
 MFG | Mizuho Financial Group, Inc. | 133.1B | 15.2 | 18.4 | 0.5% |
 HDB | HDFC Bank Limited | 120.6B | 14.2 | 15.9 | 1.7% |
 IBN | ICICI Bank Limited | 100.5B | 17.1 | 19.4 | 5.3% |
 PNC | The PNC Financial Services Group, Inc. | 91.2B | 12.8 | 12.9 | 4.6% |
 LYG | Lloyds Banking Group plc | 84.0B | 13.5 | 10.3 | 1.1% |
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 497,588,000 | 497,850,000 | 467,817,000 |
| Gross Profit | 336,647,000 | 334,856,000 | 332,059,000 |
| EBITDA | 192,057,000 | 194,242,000 | 194,385,000 |
| Operating Income | 176,618,000 | 178,652,000 | 178,993,000 |
| Net Income | 146,602,000 | 148,391,000 | 150,181,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 11,028,483,000 | 12,152,036,000 | 13,070,523,000 |
| Total Liabilities | 9,942,754,000 | 10,918,561,000 | 11,789,624,000 |
| Total Stockholders Equity | 1,076,370,000 | 1,226,014,000 | 1,272,875,000 |
| Total Debt | 436,552,000 | 471,075,000 | 405,441,000 |
| Cash and Cash Equivalents | 1,073,586,000 | 1,212,666,000 | 1,321,522,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 357,753,000 | 447,023,000 | 451,457,000 |
| Capital Expenditure | -30,161,000 | -34,930,000 | -28,141,000 |
| Free Cash Flow | 327,592,000 | 412,093,000 | 423,316,000 |
| Net Income | 148,006,000 | 149,559,000 | 151,126,000 |
| Net Change in Cash | 31,821,000 | 157,508,000 | -46,705,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 448,645,853.292 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 468,601,873.047 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 457,199,558.823 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 259,643,833.477 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 273,499,032.898 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 265,582,502.557 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 197,491,177.764 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 208,976,862.621 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 202,414,216.361 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 77,043,268.231 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 80,470,196.111 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 78,512,144.907 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 7.680 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 7.930 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 7.500 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 8 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Common questions about 3968.HK valuation
Is China Merchants Bank Co., Ltd. (3968.HK) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for China Merchants Bank Co., Ltd. (3968.HK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is 3968.HK a buy, hold, or sell for long-term investors?
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What is 3968.HK’s P/E ratio?
You can see 3968.HK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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3968.HK
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Daily snapshot
-0.86
Trading Metrics:
| Open: | 52.25 | Previous Close: | 52.1 | |
| Day Low: | 51.2 | Day High: | 52.3 | |
| Year Low: | 43.34 | Year High: | 53.7 | |
| Price Avg 50: | 49.72 | Price Avg 200: | 48.88 | |
| Volume: | 6.322M | Average Volume: | 13.028M |
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