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China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (1 billion) but also the largest in the world. It has 60% of the total wireless market in China and 50% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 3G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.
1997
451.8K+
LTM Revenue $143B
LTM EBITDA $47.3B
$196B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Mobile has a last 12-month revenue of $143B and a last 12-month EBITDA of $47.3B.
In the most recent fiscal year, China Mobile achieved revenue of $139B and an EBITDA of $52.3B.
China Mobile expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Mobile valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $129B | $139B | $142B | $143B | XXX |
| Gross Profit | $72.4B | $76.9B | $82.0B | XXX | XXX |
| Gross Margin | 56% | 56% | 58% | XXX | XXX |
| EBITDA | $50.1B | $52.3B | $47.1B | $47.3B | XXX |
| EBITDA Margin | 39% | 38% | 33% | 33% | XXX |
| Net Profit | $15.9B | $17.2B | $18.1B | XXX | XXX |
| Net Margin | 12% | 12% | 13% | XXX | XXX |
| Net Debt | n/a | n/a | n/a | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of February 21, 2025, China Mobile's stock price is CNY 79 (or $11).
China Mobile has current market cap of CNY 1.70T (or $233B), and EV of CNY 1.43T (or $196B).
See China Mobile trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $196B | $233B | XXX | XXX | XXX | XXX | $0.89 |
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Sign UpAs of February 21, 2025, China Mobile has market cap of $233B and EV of $196B.
China Mobile's trades at 1.4x LTM EV/Revenue multiple, and 4.1x LTM EBITDA.
Analysts estimate China Mobile's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for China Mobile and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $196B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 4.2x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | XXX | XXX |
| P/E/Growth | 2.4x | XXX | XXX | XXX |
| EV/FCF | 8.7x | 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 Mobile's NTM/LTM revenue growth is 4%
China Mobile's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, China Mobile'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 Mobile's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for China Mobile and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -10% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 37% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 45% | 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 | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| Globalstar | 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 Mobile acquired XXX companies to date.
Last acquisition by China Mobile was XXXXXXXX, XXXXX XXXXX XXXXXX . China Mobile 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 Mobile founded? | China Mobile was founded in 1997. |
| Where is China Mobile headquartered? | China Mobile is headquartered in China. |
| How many employees does China Mobile have? | As of today, China Mobile has 451.8K+ employees. |
| Is China Mobile publicy listed? | Yes, China Mobile is a public company listed on SHG. |
| What is the stock symbol of China Mobile? | China Mobile trades under 600941 ticker. |
| When did China Mobile go public? | China Mobile went public in 2022. |
| Who are competitors of China Mobile? | Similar companies to China Mobile include e.g. e&, Space42, Jordan Telecom, KPN. |
| What is the current market cap of China Mobile? | China Mobile's current market cap is $233B |
| What is the current revenue of China Mobile? | China Mobile's last 12-month revenue is $143B. |
| What is the current EBITDA of China Mobile? | China Mobile's last 12-month EBITDA is $47.3B. |
| What is the current EV/Revenue multiple of China Mobile? | Current revenue multiple of China Mobile is 1.4x. |
| What is the current EV/EBITDA multiple of China Mobile? | Current EBITDA multiple of China Mobile is 4.1x. |
| What is the current revenue growth of China Mobile? | China Mobile revenue growth between 2023 and 2024 was 3%. |
| Is China Mobile profitable? | Yes, China Mobile is EBITDA-positive (as of the last 12 months). |
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