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China Merchants Bank Co Ltd

Financial Services US CIHKY

21.76USD
0.76(3.62%)

Last update at 2024-04-25T19:59:00Z

Day Range

21.0021.76
LowHigh

52 Week Range

15.5732.01
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 165113.00M 148173.00M 122440.00M 117132.00M 106497.00M
Minority interest -1282.00000M -912.00000M 6604.00M 6406.00M 3487.00M
Net income 138012.00M 119922.00M 97342.00M 92867.00M 80560.00M
Selling general administrative 113375.00M 109727.00M 96745.00M 86541.00M 77112.00M
Selling and marketing expenses - - - - -
Gross profit 342258.00M 327223.00M 287601.00M 267980.00M 247246.00M
Reconciled depreciation 14606.00M 5412.00M 12712.00M 11323.00M 5831.00M
Ebit 298976.00M 147261.00M 121823.00M 116576.00M 211917.00M
Ebitda 313582.00M 160792.00M 134535.00M 127899.00M 217748.00M
Depreciation and amortization 14606.00M 13531.00M 12712.00M 11323.00M 5831.00M
Non operating income net other - - - - 0.00000M
Operating income 298976.00M 147261.00M 121823.00M 116576.00M 216765.00M
Other operating expenses 122061.00M 116879.00M 102814.00M 91497.00M 81110.00M
Interest expense 135145.00M 123137.00M 122394.00M 119904.00M 110527.00M
Tax provision 25819.00M 27339.00M 24481.00M 23709.00M 25678.00M
Interest income 353380.00M 327056.00M 307425.00M 292994.00M 270911.00M
Net interest income 218235.00M 203919.00M 185031.00M 173090.00M 160384.00M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 25819.00M 27339.00M 24481.00M 23709.00M 25678.00M
Total revenue 342258.00M 327223.00M 287601.00M 267980.00M 247246.00M
Total operating expenses 122061.00M 116879.00M 102814.00M 91497.00M 81110.00M
Cost of revenue - - - - 0.00000M
Total other income expense net -133863.00000M 912.00M 617.00M 556.00M -110268.00000M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 139294.00M 120834.00M 97959.00M 93423.00M 80819.00M
Net income applicable to common shares - 116309.00M 95691.00M 91197.00M 78901.00M
Preferred stock and other adjustments - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 10138912.00M 9249021.00M 8361448.00M 7417240.00M 6745729.00M
Intangible assets 7968.00M 8802.00M 9711.00M 9713.00M 9150.00M
Earning assets - - - - -
Other current assets - 949612.00M 836565.00M 727063.00M 619350.00M
Total liab 429691.00M 631107.00M 503900.00M 758491.00M 6202124.00M
Total stockholder equity 945503.00M 858745.00M 723750.00M 611301.00M 540118.00M
Deferred long term liab - 1867.00M 1813.00M 1349.00M 882.00M
Other current liab - 85285.00M 61382.00M 74771.00M 76499.00M
Common stock 25220.00M 25220.00M 25220.00M 25220.00M 25220.00M
Capital stock 52688.00M 59285.00M 59285.00M 59285.00M 59285.00M
Retained earnings 492971.00M 428592.00M 370265.00M 321610.00M 274361.00M
Other liab - 157933.00M 132939.00M 71391.00M 64219.00M
Good will 9999.00M 9954.00M 9954.00M 9954.00M 9954.00M
Other assets 6233058.00M 6066918.00M 5251915.00M 4492466.00M 4043100.00M
Cash 960911.00M 846618.00M 876670.00M 985536.00M 913591.00M
Cash and equivalents - - - - -
Total current liabilities 8579918.00M 7752644.00M 6878476.00M 6033841.00M 5379448.00M
Current deferred revenue - - - - -
Net debt -531220.00000M -215511.00000M -372770.00000M -227045.00000M -284715.00000M
Short term debt - - - 419633.00M 0.00000M
Short long term debt - - - 419633.00M 275733.00M
Short long term debt total 429691.00M 631107.00M 503900.00M 758491.00M 628876.00M
Other stockholder equity 399844.00M 370868.00M 294200.00M 230406.00M 206472.00M
Property plant equipment - 92688.00M 82309.00M 80131.00M 55444.00M
Total current assets 960911.00M 846618.00M 876670.00M 985536.00M 913591.00M
Long term investments 2815204.00M 2224041.00M 2130889.00M 433279.00M 1714490.00M
Net tangible assets - 805924.00M 670020.00M 557569.00M 486949.00M
Short term investments - - - 158511.00M 217085.00M
Net receivables - 321.00M 340.00M 314.00M 321.00M
Long term debt - - - 683654.00M 758457.00M
Inventory - 513.00M 612.00M 768.00M 597.00M
Accounts payable - 7098332.00M 6348100.00M 5398106.00M 4871500.00M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity - - - - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income - - - - 0.00000M
Additional paid in capital - - - - 0.00000M
Common stock total equity - - - - 0.00000M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity - - - - 0.00000M
Treasury stock - - - - 0.00000M
Accumulated amortization - - - - 0.00000M
Non currrent assets other -2944943.00000M -2335485.00000M -2232863.00000M -1939238.00000M -1789038.00000M
Deferred long term asset charges - - - - 0.00000M
Non current assets total 2944943.00M 2335485.00M 2232863.00M 1939238.00M 1789038.00M
Capital lease obligations - - - - 0.00000M
Long term debt total - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -513926.00000M -64646.00000M -281142.00000M -100884.00000M -13295.00000M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M -8299.00000M
Total cashflows from investing activities - -19697.00000M -240753.00000M -70571.00000M 19718.00M
Net borrowings - 3266.00M -16524.00000M 43942.00M 57439.00M
Total cash from financing activities -297032.00000M 89359.00M -211787.00000M 110450.00M 94333.00M
Change to operating activities - 54603.00M 293797.00M -114700.00000M -130047.00000M
Net income 139294.00M 120834.00M 97959.00M 93423.00M 80819.00M
Change in cash -234556.00000M 248964.00M -36885.00000M 45992.00M 83258.00M
Begin period cash flow 801754.00M 552790.00M 589675.00M 543683.00M 460425.00M
End period cash flow 567198.00M 801754.00M 552790.00M 589675.00M 543683.00M
Total cash from operating activities 570143.00M 182048.00M 421328.00M 4432.00M -35721.00000M
Issuance of capital stock - - - - -
Depreciation 14606.00M 13531.00M 12712.00M 11323.00M 5831.00M
Other cashflows from investing activities - 71197.00M 58038.00M 49221.00M 50477.00M
Dividends paid 56503.00M 47083.00M 51811.00M 43010.00M 34725.00M
Change to inventory - - - - 0.00000M
Change to account receivables - - - - 0.00000M
Sale purchase of stock - - - - 0.00000M
Other cashflows from financing activities 106810.00M 439588.00M 328322.00M 557979.00M 515238.00M
Change to netincome - -6982.00000M 16694.00M 14459.00M 7491.00M
Capital expenditures 34892.00M 24160.00M 19125.00M 23964.00M 17492.00M
Change receivables - - - - 0.00000M
Cash flows other operating - - - - 0.00000M
Exchange rate changes - - - - 0.00000M
Cash and cash equivalents changes - - - - 0.00000M
Change in working capital 446852.00M 54603.00M 293797.00M -114700.00000M -130047.00000M
Stock based compensation - - - - -
Other non cash items -30609.00000M -6920.00000M 16860.00M 14386.00M 7676.00M
Free cash flow 535251.00M 157888.00M 402203.00M -19532.00000M -53213.00000M

Fundamentals

  • Previous Close 21.00
  • Market Cap95391.94M
  • Volume54133
  • P/E Ratio4.27
  • Dividend Yield7.28%
  • Revenue TTM293470.99M
  • Revenue Per Share TTM58.38
  • Gross Profit TTM 344784.00M
  • Diluted EPS TTM3.89

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
CIHKY
China Merchants Bank Co Ltd
0.76 3.62% 21.76 4.27 3.64 0.33 0.58
HDB
HDFC Bank Limited ADR
0.07 0.12% 58.33 20.81 20.96 0.11 4.77
CIHHF
China Merchants Bank Co Ltd Class H
- -% 4.01 4.13 3.71 0.32 0.59
IBN
ICICI Bank Limited
0.41 1.57% 26.60 17.79 16.95 0.07 3.08
BNPQY
BNP Paribas SA ADR
0.30 0.82% 36.80 8.57 6.56 1.75 0.57

Reports Covered

Stock Research & News

Profile

China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels. The company also offers credit cards; insurance products; open-ended funds; discount and guarantees for commercial bills, redemption of commercial bills, and guaranteed discount for commercial acceptance bills; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. In addition, it provides forfeiting and risk participation, escrow, cross-border RMB clearing, and interbank services; and risk and financial management, cross-border RMB and oversea financing, international factoring and settlement, and trade finance services. Further, the company offers financial leasing and guarantee, investment and wealth management, forex option and gold trading, forex express trading, international, offshore and private banking, custody, pension, and electronic banking services. The company also operates in Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China.

China Merchants Bank Co Ltd

China Merchants Bank Tower, Shenzhen, China, 518040

Key Executives

Name Title Year Born
Mr. Liang Wang Pres, Sec. of the Board, CFO, Joint Company Sec. & Exec. Director 1965
Mr. Shunhua Shi Exec. VP & GM of Shanghai Branch 1962
Mr. Jianzhong Wang Exec. VP 1962
Mr. Wang Yungui Exec. VP 1963
Mr. Delin Li Exec. VP 1974
Ms. Hui Liu Exec. Assistant Pres 1970
Mr. Jiangtao Zhu Msc Chief Risk Officer & Exec. VP 1972
Mr. Desheng Zhong Exec. Assistant Pres 1967
Mr. Xiaoqing Wang Exec. Assistant Pres 1971
Cheng Ting Nan CPA, FCCA Qualified Accountant NA

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