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China Merchants Bank Co., Ltd. (600036.SS)

CNY37.18 -0.07 (-0.19%)
CN SHH Financial Services Banks - Regional
Address China Merchants Bank Tower 518040
Shenzhen, CN
CEO Liang Wang
IPO 2002-04-09
ISIN CNE000001B33

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Also trades on Hong Kong Stock Exchange · 3968.HK (HKD) Other OTC · CIHHF (USD) Other OTC · CIHKY (USD) Shanghai Stock Exchange · 600036.SS (CNY)
Description

China Merchants Bank Co., Ltd., along with its affiliated entities, delivers a comprehensive array of banking solutions and financial services. Its operations are organized into three primary divisions: Wholesale Finance, Retail Finance, and Other Business activities. The institution offers diverse account types, including checking, savings, term deposits, and notice accounts, available in Renminbi. Its lending portfolio encompasses a wide range of credit facilities, from personal loans such as those for home purchases, vehicle financing, education abroad, and small businesses, to corporate credit including working capital, fixed asset, and vessel loans, as well as various guarantee-backed financing options. Beyond traditional banking, China Merchants Bank provides credit card products, insurance offerings, and open-ended investment funds. It facilitates commercial transactions through bill discounting, guarantees, and redemption services. The bank also extends advisory services covering financial consultation, underwriting for debt financing, merger and acquisition funding, and support for equity financing and company listings. Furthermore, its extensive service suite includes international trade and treasury solutions like forfeiting, risk sharing, escrow, cross-border RMB clearing, interbank dealings, international factoring, and trade finance. Customers can also access specialized financial tools such as foreign exchange options, gold and forex express trading, financial leasing, guarantees, investment and wealth management, alongside bespoke international, offshore, and private banking services, custody, pension schemes, and modern electronic banking platforms. As of December 31, 2021, the bank maintained a substantial domestic network across Mainland China, comprising 143 branches, 1,770 sub-branches, numerous self-service centers and machines, and visual counters. Globally, it has a footprint in key financial hubs including Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. Established in 1987, China Merchants Bank Co., Ltd. is based in Shenzhen, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY37.18 -0.07 (-0.19%)
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Volume Profile
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Liquidity & share structure
Average Volume
85M
Beta
0.54
Float Shares
15.37B
Free Float %
60.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.40% +2.70% -0.68% -1.91% -11.50% -9.71% -12.48% +16.45% -34.68% +112.70% +1,021.24%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
37.18
Ratings Trend (MoM) 60% Bullish
Rating 2024-11 Change
Strong Buy 5 0
Buy 10 0
Hold 7 0
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
-0.68
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +0.2% Q1'26: +2.9% (vs Q1'25)
  • EPS growth
    +0.7% Q1'26: +0.7% (vs Q1'25)
  • FCF margin
    Q1'26: +167.0% (vs Q1'25)
  • EBIT margin
    Q1'26: +0.0% (vs Q1'25)
  • ROIC
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution
    +4.5% Q1'26: +0.8% (vs Q1'25)
  • Debt / EBITDA
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.58) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 37.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
15 Rev. Ana.
21 EPS Ana.
Dec 2027
20 Rev. Ana.
21 EPS Ana.
Dec 2028
17 Rev. Ana.
16 EPS Ana.
Revenue
142.20B
est: 201.99B (-29.6%)
143.56B
est: 213.05B (-32.6%)
160.97B
est: 219.58B (-26.7%)
187.73B
est: 247.40B (-24.1%)
208.95B
est: 270.59B (-22.8%)
225.61B
est: 289.22B (-22.0%)
265.29B
est: 327.97B (-19.1%)
287.99B
est: 347.24B (-17.1%)
297.80B
est: 296.46B (+0.5%)
297.15B
est: 332.99B (-10.8%)
297.63B
est: 335.82B (-11.4%)
347.88B
344.02B – 354.38B
+3.6% YoY
366.50B
358.43B – 401.76B
+5.4% YoY
387.90B
386.56B – 389.24B
+5.8% YoY
EBITDA
— – —
— – —
— – —
EBIT
— – —
— – —
— – —
Net Income
57.70B
est: 58.00B (-0.5%)
62.08B
est: 61.36B (+1.2%)
70.15B
est: 69.98B (+0.2%)
80.56B
est: 79.41B (+1.5%)
92.87B
est: 91.51B (+1.5%)
97.34B
est: 94.46B (+3.0%)
119.92B
est: 115.03B (+4.3%)
138.01B
est: 133.44B (+3.4%)
146.60B
est: 151.35B (-3.1%)
148.39B
est: 154.09B (-3.7%)
150.18B
est: 156.51B (-4.0%)
151.82B
149.88B – 167.87B
-3.0% YoY
161.46B
152.98B – 179.74B
+6.4% YoY
169.75B
166.35B – 189.44B
+5.1% YoY
SGA
55.74B
est: 47.01B (+18.6%)
58.04B
est: 49.58B (+17.1%)
66.77B
est: 51.10B (+30.7%)
77.11B
est: 57.57B (+33.9%)
86.54B
est: 62.97B (+37.4%)
96.75B
est: 67.31B (+43.7%)
109.73B
est: 76.32B (+43.8%)
32.55B
est: 80.81B (-59.7%)
31.54B
est: 65.07B (-51.5%)
30.37B
est: 73.09B (-58.4%)
107.95B
est: 73.71B (+46.5%)
76.36B
75.51B – 77.78B
+3.6% YoY
80.44B
78.67B – 88.18B
+5.4% YoY
85.14B
84.85B – 85.43B
+5.8% YoY
EPS
2.29
est: 2.30 (-0.4%)
2.46
est: 2.43 (+1.1%)
2.78
est: 2.77 (+0.2%)
3.19
est: 3.15 (+1.3%)
3.68
est: 3.63 (+1.4%)
3.79
est: 3.75 (+1.2%)
4.61
est: 4.56 (+1.1%)
5.26
est: 5.29 (-0.6%)
5.63
est: 5.59 (+0.7%)
5.66
est: 5.69 (-0.6%)
5.70
est: 5.78 (-1.4%)
5.95
5.69 – 6.37
+2.8% YoY
6.23
5.81 – 6.82
+4.8% YoY
6.61
6.31 – 7.19
+6.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-28 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-27 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-26 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-25 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-22 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-21 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-20 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-19 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-18 B 3/5 1/5 4/5 4/5 2/5 3/5 3/5
2026-05-15 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-14 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-13 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-12 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-11 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-08 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-07 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-05-06 A- 4/5 1/5 4/5 4/5 3/5 4/5 4/5
2026-04-30 B+ 3/5 1/5 4/5 4/5 2/5 4/5 4/5
2026-04-29 B+ 3/5 1/5 4/5 4/5 3/5 4/5 3/5
2026-04-28 B+ 3/5 1/5 4/5 4/5 3/5 4/5 3/5
2026-04-27 B+ 3/5 1/5 4/5 4/5 3/5 4/5 3/5
2026-04-24 B+ 3/5 1/5 4/5 4/5 3/5 4/5 3/5
2026-04-23 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-22 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-21 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-20 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-17 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-16 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-15 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-432.52B
OE per share TTM
-17.18
Owner's Yield
-44.79%
Maintenance CapEx ratio
12.16%
Maint CapEx / Avg PPE
40.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
25.22B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Liang Wang President, Chief Executive Officer & Executive Director 3M male
Desheng Zhong Executive Director 3M male
Jiawen Peng Executive Vice President, Chief Financial Officer & Joint Company Secretary male
Ming Dong Li General Manager of Wealth Platform Department male
Mingjie Xu Chief Risk Officer & Executive VP male
Tianhong Zhou Chief Information Officer male
Weipeng Zhao Secretary of the Party Discipline Commission male
Weirong Hou President of Corporate Finance Department male
Wenjing Jiang Investor relation officer
Wing Tsz FCIS Joint Company Secretary female
Xiaoqing Wang Executive Vice President male
Xinghai Wang Executive Assistant President male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits