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China Merchants Securities Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Merchants Securities and similar public comparables like Futu Holdings, China Galaxy Securities, CICC, Mega Financial Holding and more.
China Merchants Securities Overview
About China Merchants Securities
China Merchants Securities Asset Management Co.,Ltd formerly China Merchants Securities Co Ltd is a financial service provider. The company provides services like, investment banking, financial advisory, equity underwriting, assets management, investment advisory, and trading equity securities among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment which generates key revenue engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products.
Founded
1991
HQ
Employees
13.5K
Website
Financials (LTM)
EV
$46B
China Merchants Securities Financials
China Merchants Securities reported last 12-month revenue of $4B and EBITDA of $2B.
In the same LTM period, China Merchants Securities generated $2B in EBITDA and $2B in net income.
Revenue (LTM)
China Merchants Securities P&L
In the most recent fiscal year, China Merchants Securities reported revenue of $4B and EBITDA of $1B.
China Merchants Securities expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 54% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 51% | XXX | 36% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Merchants Securities Stock Performance
China Merchants Securities has current market cap of $20B, and enterprise value of $46B.
Market Cap Evolution
China Merchants Securities' stock price is $2.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $46B | $20B | 0.0% | XXX | XXX | XXX | $0.17 |
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Start Free TrialChina Merchants Securities Valuation Multiples
China Merchants Securities trades at 12.9x EV/Revenue multiple, and 27.8x EV/EBITDA.
EV / Revenue (LTM)
China Merchants Securities Financial Valuation Multiples
As of March 7, 2026, China Merchants Securities has market cap of $20B and EV of $46B.
Equity research analysts estimate China Merchants Securities' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Merchants Securities has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV (current) | $46B | XXX | $46B | XXX | XXX | XXX |
| EV/Revenue | 12.9x | XXX | 11.0x | XXX | XXX | XXX |
| EV/EBITDA | 27.8x | XXX | 34.1x | XXX | XXX | XXX |
| EV/EBIT | 23.8x | XXX | 30.1x | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 5.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Merchants Securities Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
China Merchants Securities Margins & Growth Rates
China Merchants Securities' revenue in the last 12 month grew by 6%.
China Merchants Securities' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
China Merchants Securities' rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Merchants Securities' rule of X is 62% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
China Merchants Securities Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (16%) | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 45% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | 46% | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Merchants Securities Public Comps
See public comps and valuation multiples for other Investment Banking and Investment Brokerage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Futu Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| China Galaxy Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| CICC | XXX | XXX | XXX | XXX | XXX | XXX |
| Mega Financial Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Guosen Securities | 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 Securities M&A Activity
China Merchants Securities acquired XXX companies to date.
Last acquisition by China Merchants Securities was on XXXXXXXX, XXXXX. China Merchants Securities acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Merchants Securities
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChina Merchants Securities Investment Activity
China Merchants Securities invested in XXX companies to date.
China Merchants Securities made its latest investment on XXXXXXXX, XXXXX. China Merchants Securities invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Merchants Securities
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout China Merchants Securities
| When was China Merchants Securities founded? | China Merchants Securities was founded in 1991. |
| Where is China Merchants Securities headquartered? | China Merchants Securities is headquartered in China. |
| How many employees does China Merchants Securities have? | As of today, China Merchants Securities has over 13K employees. |
| Who is the CEO of China Merchants Securities? | China Merchants Securities' CEO is Da Huo. |
| Is China Merchants Securities publicly listed? | Yes, China Merchants Securities is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of China Merchants Securities? | China Merchants Securities trades under 600999 ticker. |
| When did China Merchants Securities go public? | China Merchants Securities went public in 2009. |
| Who are competitors of China Merchants Securities? | China Merchants Securities main competitors are Futu Holdings, China Galaxy Securities, CICC, Mega Financial Holding. |
| What is the current market cap of China Merchants Securities? | China Merchants Securities' current market cap is $20B. |
| What is the current revenue of China Merchants Securities? | China Merchants Securities' last 12 months revenue is $4B. |
| What is the current revenue growth of China Merchants Securities? | China Merchants Securities revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of China Merchants Securities? | Current revenue multiple of China Merchants Securities is 12.9x. |
| Is China Merchants Securities profitable? | Yes, China Merchants Securities is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Merchants Securities? | China Merchants Securities' last 12 months EBITDA is $2B. |
| What is China Merchants Securities' EBITDA margin? | China Merchants Securities' last 12 months EBITDA margin is 47%. |
| What is the current EV/EBITDA multiple of China Merchants Securities? | Current EBITDA multiple of China Merchants Securities is 27.8x. |
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