Obermatt

China Merchants Bank

SHH:600036 · CNE000001B33
BanksMedium

360

96
Profit price94
Cash yield77
Price/Sales40
Price/Book41
Returns on capital60
Profit margins
Cash Conversion100
Accruals96
Owner Earnings Margin87
Sales growth39
Profit Growth97
Owner Earnings Growth16
Reinvestment63
Price momentum15
Debt load84
Debt serviceability67
Liquidity85
Analyst ratings79
Opinion Changes74
Price Target Upside99
Market mood19
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

China Merchants Bank clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryChina
IndustryBanks
SizeMedium
TypePublic Company
ExchangeSHSE
Employees1,826
ISINCNE000001B33
Last UpdateApr 2, 2026
Themes
FinanceFinancial Services

Description

China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. The company provides customers with various wholesale and retail banking products and services, and maintains treasury businesses for pro…

Analysis

Hidden champion

China Merchants Bank Co., Ltd. fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is attractive. The owner-earnings multiple stands at 8.0×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
93
2026

All-time high

95

Mar 2026

All-time low

93

Jun 2026

Average rank

94

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
40
Price/Earnings
71
Price/Book
41
Dividend Yield
77
Value (overall)
69

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →