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China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. 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, including 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 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.
1987
117.2K+
LTM Revenue $46.9B
Last FY EBITDA n/a
$181B
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China Merchants Bank has a last 12-month revenue (LTM) of $46.9B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, China Merchants Bank achieved revenue of $46.5B and an EBITDA of n/a.
China Merchants Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Merchants Bank valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $46.9B | XXX | $46.5B | XXX | XXX | XXX |
| Gross Profit | $46.9B | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | n/a | XXX | XXX | XXX |
| EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | $30.1B | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 64% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $20.6B | XXX | $20.6B | XXX | XXX | XXX |
| Net Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, China Merchants Bank's stock price is CNY 44 (or $6).
China Merchants Bank has current market cap of CNY 1.10T (or $153B), and EV of CNY 1.31T (or $181B).
See China Merchants Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $181B | $153B | XXX | XXX | XXX | XXX | $0.80 |
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Start Free TrialAs of May 30, 2025, China Merchants Bank has market cap of $153B and EV of $181B.
China Merchants Bank's trades at 3.9x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate China Merchants Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Merchants Bank has a P/E ratio of 7.4x.
See valuation multiples for China Merchants Bank and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $153B | XXX | $153B | XXX | XXX | XXX |
| EV (current) | $181B | XXX | $181B | XXX | XXX | XXX |
| EV/Revenue | 3.9x | XXX | 3.9x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 6.0x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | 3.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 7.4x | XXX | 7.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 3.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialChina Merchants Bank's last 12 month revenue growth is 2%
China Merchants Bank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
China Merchants Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Merchants Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for China Merchants Bank and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 35% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| RAKBANK | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Merchants Bank acquired XXX companies to date.
Last acquisition by China Merchants Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . China Merchants Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was China Merchants Bank founded? | China Merchants Bank was founded in 1987. |
| Where is China Merchants Bank headquartered? | China Merchants Bank is headquartered in China. |
| How many employees does China Merchants Bank have? | As of today, China Merchants Bank has 117.2K+ employees. |
| Who is the CEO of China Merchants Bank? | China Merchants Bank's CEO is Mr. Liang Wang. |
| Is China Merchants Bank publicy listed? | Yes, China Merchants Bank is a public company listed on SHG. |
| What is the stock symbol of China Merchants Bank? | China Merchants Bank trades under 600036 ticker. |
| When did China Merchants Bank go public? | China Merchants Bank went public in 2002. |
| Who are competitors of China Merchants Bank? | Similar companies to China Merchants Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah. |
| What is the current market cap of China Merchants Bank? | China Merchants Bank's current market cap is $153B |
| What is the current revenue of China Merchants Bank? | China Merchants Bank's last 12 months revenue is $46.9B. |
| What is the current revenue growth of China Merchants Bank? | China Merchants Bank revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of China Merchants Bank? | Current revenue multiple of China Merchants Bank is 3.9x. |
| Is China Merchants Bank profitable? | Yes, China Merchants Bank is EBITDA-positive (as of the last 12 months). |
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