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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
12.8K+
LTM Revenue $3.9B
LTM EBITDA n/a
$42.3B
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 of $3.9B and a last 12-month EBITDA of n/a.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.7B | 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 | $1.1B | $1.2B | XXX | XXX | XXX |
| Net Margin | 44% | 45% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, China Merchants's stock price is CNY 16 (or $2).
China Merchants has current market cap of CNY 143B (or $19.7B), and EV of CNY 307B (or $42.3B).
See China Merchants trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $42.3B | $19.7B | XXX | XXX | XXX | XXX | $0.16 |
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Sign UpAs of April 15, 2025, China Merchants has market cap of $19.7B and EV of $42.3B.
China Merchants's trades at 10.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate China Merchants's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for China Merchants and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $42.3B | XXX | XXX | XXX |
| EV/Revenue | 15.8x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 13.7x | XXX | XXX | XXX |
| P/E/Growth | 1.3x | XXX | XXX | XXX |
| EV/FCF | 5.7x | 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's NTM/LTM revenue growth is -14%
China Merchants's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, China Merchants'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's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for China Merchants and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 6% | 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 | $0.2M | 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 | 12% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 50% | XXX | 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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Sign Up| 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 12.8K+ 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 $19.7B |
| What is the current revenue of China Merchants? | China Merchants's last 12-month revenue is $3.9B. |
| What is the current EV/Revenue multiple of China Merchants? | Current revenue multiple of China Merchants is 10.8x. |
| What is the current revenue growth of China Merchants? | China Merchants revenue growth between 2023 and 2024 was 6%. |
| Is China Merchants profitable? | Yes, China Merchants is EBITDA-positive (as of the last 12 months). |
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