Business Description
Description
China Merchants Bank, with headquarters in Shenzhen, was founded in 1987. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, such as the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 52%, 42%, and 6% of total profit before tax, respectively, and 52%, 45%, and 3% of total revenue in 2021.
Financial Strength
3/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 2.14 | |||||
| Equity-to-Asset | 0.1 | |||||
| Debt-to-Equity | 0.51 | |||||
| Debt-to-EBITDA | 1.37 | |||||
| Interest Coverage | N/A |
N/A
|
N/A
| |||
| Piotroski F-Score | 8/9 | |||||
| Beneish M-Score | -2.39 | |||||
| WACC vs ROIC | ||||||
Growth Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 9.4 | |||||
| 3-Year EPS without NRI Growth Rate | 13.8 | |||||
| 3-Year Book Growth Rate | 17.7 | |||||
| Future 3-5Y EPS without NRI Growth Rate | 13.1 | |||||
| Future 3-5Y Total Revenue Growth Rate | 9.9 |
Momentum Rank
1/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 74.35 | |||||
| 9-Day RSI | 81.96 | |||||
| 14-Day RSI | 82.4 | |||||
| 6-1 Month Momentum % | 4.91 | |||||
| 12-1 Month Momentum % | -33.21 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History |
|---|
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 3.5 | |||||
| Dividend Payout Ratio | 0.3 | |||||
| 3-Year Dividend Growth Rate | 14.3 | |||||
| Forward Dividend Yield % | 3.5 | |||||
| 5-Year Yield-on-Cost % | 6.71 |
Profitability Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Net Margin % | 39.28 | |||||
| ROE % | 15.32 | |||||
| ROA % | 1.42 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 11.07 | |||||
| Forward PE Ratio | 7.52 | |||||
| PE Ratio without NRI | 11.07 | |||||
| Shiller PE Ratio | 12.1 | |||||
| Price-to-Owner-Earnings | 9.18 | |||||
| PEG Ratio | 0.71 | |||||
| PS Ratio | 3.09 | |||||
| PB Ratio | 1.14 | |||||
| Price-to-Tangible-Book | 1.17 | |||||
| Price-to-Free-Cash-Flow | 4.99 | |||||
| Price-to-Operating-Cash-Flow | 4.36 | |||||
| EV-to-Revenue | 1.6 | |||||
| EV-to-Forward-Revenue | 3.67 | |||||
| EV-to-FCF | 2.51 | |||||
| Price-to-Projected-FCF | 0.42 | |||||
| Price-to-DCF (Earnings Based) | 0.5 | |||||
| Price-to-DCF (FCF Based) | 0.42 | |||||
| Price-to-Median-PS-Value | 1.09 | |||||
| Price-to-Peter-Lynch-Fair-Value | 0.69 | |||||
| Price-to-Graham-Number | 0.76 | |||||
| Forward Rate of Return (Yacktman) % | 27.58 |
