China Merchants Bank Co Ltd

China Merchants Bank Co Ltd maintains a debt-to-equity ratio of 0.66, indicating a relatively conservative capital structure. The company's liquidity position is assessed as medium, with a price-to-book ratio of 0.19 and a price-to-tangible-book ratio of 0.19, suggesting that the market values the company's equity at a significant discount to its book value. The company's return on equity is 3.4%, which is below the typical performance of banks in the industry.

The company's profitability is reflected in a net income of 38.08 billion CNY and a return on assets of 0.33%. These figures suggest that the company is generating a modest return on its assets, which is in line with the industry's median performance. The company's operating cash flow is negative at -1.21 billion CNY, indicating that its operations are not currently generating positive cash flow.

China Merchants Bank's revenue is not segmented by geographic region in the provided data, but the company's exposure to the Chinese market is significant given its domestic operations. The company's revenue concentration is primarily within the banking sector, with no specific segments disclosed.

The company's growth trajectory is expected to remain stable, with no significant changes in revenue forecasted for the current fiscal year. The company's free cash flow of 31.32 billion CNY indicates that it has sufficient liquidity to fund operations and potentially return value to shareholders.

The company's risk assessment indicates a low potential for dilution, with a dilution risk score of low. The company's liquidity risk is moderate, and its credit risk is not explicitly stated in the provided data. The company's key financial flags include a negative net cash position after subtracting total debt, which could impact its liquidity.

Recent events and filings do not provide specific details on the company's recent activities, but the company's financial performance and risk profile suggest a stable and conservative approach to its operations.

Analysts project 15.8% upside to a mean price target of 57.60, reflecting strong market confidence in the bank's future performance.

The stock trades at a deep 0.19x price-to-book ratio, suggesting significant undervaluation relative to its tangible book value of 1.12 trillion CNY.

Net income demonstrated robust growth with a 5.8% CAGR over four years, reaching 150.2 billion CNY in the latest fiscal period.

Total assets expanded at a 9.0% CAGR over five years, indicating consistent balance sheet growth and scale expansion for the institution.

Return on equity stands at a weak 3.4%, falling well below the 6.3% median for the banking cohort and indicating poor capital efficiency.

Revenue growth has slowed to a mere 1.4% CAGR over five years, signaling limited top-line expansion potential in the current environment.

Return on assets is critically low at 0.33%, suggesting the bank generates minimal profit from its massive 13.07 trillion CNY asset base.

The company faces medium liquidity risk, which could constrain its ability to meet short-term obligations or fund rapid asset growth.

Cash conversion is negative at -3.0%, performing worse than the 1.14 cohort median and indicating potential issues with cash flow generation.

Revenue ¥55.55B, +2,9% YoY; Net income +3,4% YoY.

• ▍Revenue ¥55.55B, +2,9% YoY
• ▍Net income +3,4% YoY
• ▍Free cash flow −8,2% YoY
• ▍Net margin 65.5%

Revenue ¥53.96B, +2,1% YoY; Net income +1,0% YoY.

• ▍Revenue ¥53.96B, +2,1% YoY
• ▍Net income +1,0% YoY
• ▍Free cash flow −8,1% YoY
• ▍Net margin 72.0%

Revenue ¥53.09B, +1,2% YoY; Net income +2,7% YoY.

• ▍Revenue ¥53.09B, +1,2% YoY
• ▍Net income +2,7% YoY
• ▍Free cash flow +12,6% YoY
• ▍Net margin 70.9%

Revenue ¥53.00B, +1,9% YoY; Net income −2,1% YoY.

• ▍Revenue ¥53.00B, +1,9% YoY
• ▍Net income −2,1% YoY
• ▍Free cash flow +22,2% YoY
• ▍Net margin 70.4%

Revenue ¥53.98B; Net margin 65.2%.

• ▍Revenue ¥53.98B
• ▍Net margin 65.2%

Revenue ¥52.85B; Net margin 72.7%.

• ▍Revenue ¥52.85B
• ▍Net margin 72.7%

Revenue ¥52.45B; Net margin 69.9%.

• ▍Revenue ¥52.45B
• ▍Net margin 69.9%

Revenue ¥52.00B; Net margin 73.2%.

• ▍Revenue ¥52.00B
• ▍Net margin 73.2%

Revenue ¥215.59B, +2,0% YoY; Net income +1,2% YoY.

• ▍Revenue ¥215.59B, +2,0% YoY
• ▍Net income +1,2% YoY
• ▍Free cash flow +9,3% YoY
• ▍Net margin 69.7%

Revenue ¥211.28B, −1,6% YoY; Net income +1,2% YoY.

• ▍Revenue ¥211.28B, −1,6% YoY
• ▍Net income +1,2% YoY
• ▍Free cash flow −10,3% YoY
• ▍Net margin 70.2%

Revenue ¥214.67B, −1,6% YoY; Net income +6,2% YoY.

• ▍Revenue ¥214.67B, −1,6% YoY
• ▍Net income +6,2% YoY
• ▍Free cash flow +12,8% YoY
• ▍Net margin 68.3%

Revenue ¥218.24B, +7,0% YoY; Net income +15,1% YoY.

• ▍Revenue ¥218.24B, +7,0% YoY
• ▍Net income +15,1% YoY
• ▍Free cash flow +2,4% YoY
• ▍Net margin 63.2%