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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.
1991
13.5K+
LTM Revenue $3.8B
LTM EBITDA $1.5B
$40.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Merchants has a last 12-month revenue (LTM) of $3.8B and a last 12-month EBITDA of $1.5B.
In the most recent fiscal year, China Merchants achieved revenue of $2.7B and an EBITDA of n/a.
China Merchants expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Merchants valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.8B | XXX | $2.7B | XXX | XXX | XXX |
| Gross Profit | $3.8B | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $1.5B | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $1.6B | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 42% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $1.5B | XXX | $1.4B | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 54% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, China Merchants's stock price is CNY 15 (or $2).
China Merchants has current market cap of CNY 134B (or $18.6B), and EV of CNY 289B (or $40.1B).
See China Merchants trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $40.1B | $18.6B | XXX | XXX | XXX | XXX | $0.17 |
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Start Free TrialAs of May 30, 2025, China Merchants has market cap of $18.6B and EV of $40.1B.
China Merchants's trades at 14.9x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate China Merchants's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Merchants has a P/E ratio of 12.4x.
See valuation multiples for China Merchants and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18.6B | XXX | $18.6B | XXX | XXX | XXX |
| EV (current) | $40.1B | XXX | $40.1B | XXX | XXX | XXX |
| EV/Revenue | 10.5x | XXX | 14.9x | XXX | XXX | XXX |
| EV/EBITDA | 26.0x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 24.9x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | 10.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.4x | XXX | 12.9x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 5.3x | XXX | XXX | XXX |
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Start Free TrialChina Merchants's last 12 month revenue growth is -12%
China Merchants's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
China Merchants's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Merchants's rule of X is 11% (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 and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -12% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | 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 | 50% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ABN AMRO Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| ING Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Macquarie Group | XXX | XXX | XXX | XXX | XXX | XXX |
| National Australia Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | 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 acquired XXX companies to date.
Last acquisition by China Merchants was XXXXXXXX, XXXXX XXXXX XXXXXX . China Merchants 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 founded? | China Merchants was founded in 1991. |
| Where is China Merchants headquartered? | China Merchants is headquartered in China. |
| How many employees does China Merchants have? | As of today, China Merchants has 13.5K+ employees. |
| Who is the CEO of China Merchants? | China Merchants's CEO is Mr. Da Huo. |
| Is China Merchants publicy listed? | Yes, China Merchants is a public company listed on SHG. |
| What is the stock symbol of China Merchants? | China Merchants trades under 600999 ticker. |
| When did China Merchants go public? | China Merchants went public in 2009. |
| Who are competitors of China Merchants? | Similar companies to China Merchants include e.g. ABN AMRO Bank, ING Group, Macquarie Group, National Australia Bank. |
| What is the current market cap of China Merchants? | China Merchants's current market cap is $18.6B |
| What is the current revenue of China Merchants? | China Merchants's last 12 months revenue is $3.8B. |
| What is the current revenue growth of China Merchants? | China Merchants revenue growth (NTM/LTM) is -12%. |
| What is the current EV/Revenue multiple of China Merchants? | Current revenue multiple of China Merchants is 10.5x. |
| Is China Merchants profitable? | Yes, China Merchants is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Merchants? | China Merchants's last 12 months EBITDA is $1.5B. |
| What is China Merchants's EBITDA margin? | China Merchants's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of China Merchants? | Current EBITDA multiple of China Merchants is 26.0x. |
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