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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
116.5K+
LTM Revenue $46.8B
LTM EBITDA n/a
$184B
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China Merchants Bank has a last 12-month revenue of $46.8B 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $47.3B | $46.5B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $16.6B | $19.1B | XXX | XXX | XXX |
| Net Margin | 35% | 41% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 14, 2025, China Merchants Bank's stock price is CNY 45 (or $6).
China Merchants Bank has current market cap of CNY 1.14T (or $158B), and EV of CNY 1.34T (or $184B).
See China Merchants Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $184B | $158B | XXX | XXX | XXX | XXX | $0.79 |
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Sign UpAs of March 14, 2025, China Merchants Bank has market cap of $158B and EV of $184B.
China Merchants Bank's trades at 3.9x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate China Merchants Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for China Merchants Bank and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $184B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 7.8x | XXX | XXX | XXX |
| P/E/Growth | 1.7x | XXX | XXX | XXX |
| EV/FCF | 4.1x | 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.
Sign UpChina Merchants Bank's NTM/LTM revenue growth is 2%
China Merchants Bank's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, China Merchants Bank's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate China Merchants Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for China Merchants Bank and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 36% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
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| 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 |
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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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Sign Up| 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 116.5K+ 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 $158B |
| What is the current revenue of China Merchants Bank? | China Merchants Bank's last 12-month revenue is $46.8B. |
| What is the current EV/Revenue multiple of China Merchants Bank? | Current revenue multiple of China Merchants Bank is 3.9x. |
| What is the current revenue growth of China Merchants Bank? | China Merchants Bank revenue growth between 2023 and 2024 was -2%. |
| Is China Merchants Bank profitable? | Yes, China Merchants Bank is EBITDA-positive (as of the last 12 months). |
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