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China Merchants Bank Co., Ltd. (600036) Q3 2021 Report Analysis


Company Overview

China Merchants Bank Co., Ltd. provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company accepts demand, time, call, savings, checking, 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; 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 guarantee 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, third-party payment, cash management, investment and wealth management, forex option and gold trading, forex express trading, settlement, trade chain financing, international, offshore and private banking, custody, pension, and electronic banking services. As of December 31, 2020, it operated 142 branches; 1,724 sub-branches; one branch-level operation center; one representative office; 16,559 visual counters in Mainland China. The company also operated a branch in Hong Kong; a branch and representative office in New York, the United States; a branch in London, the United Kingdom; a branch in Singapore; a branch in Luxembourg; and a branch in Sydney, Australia. The company was founded in 1987 and is headquartered in Shenzhen, China.

Company Highlights


Parameter Value Change Score
Assets 8,917,440.0 0% 49
Capital Expenditure -25,538.0 -29% 44
Cash & Equivalents 11,758.0 -95% 37
Equity 754,902.0 5% 55
Liabilities 8,121,625.0 0% 49
Total Revenues 251,120.0 3% 65
Parameter Value Change Score
Free Cashflow 26.63 348% 96
Cashflow 113,211.0 10% 87
Price to Book 1.6 -15% 89
Return on Equity 15.31 -2% 62

* All values are TTM

Report Summary

Our analysis of China Merchants Bank Co., Ltd.'s expected performance over the near term is based on a systematic deep dive into their financial statement. Furthermore, numerous specific general factors and ratios are also utilized and included. First, assessing the balance sheet metrics were significantly worse than the market benchmark. Next, the income statement factors followed closely to the benchmark in the above time frame. Moreover, cash flow metrics significantly outperformed their benchmarks. Fourth, the most historically impactful financial ratios forecast that in the coming months China Merchants Bank Co., Ltd.'s performance should beat expectations and over-perform the benchmark. All in all, our assessment of China Merchants Bank Co., Ltd. produced the cumulative strength of 70.

The below chart reflects China Merchants Bank Co., Ltd.'s birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While China Merchants Bank Co., Ltd.'s peer average final assessment score stands on 70, China Merchants Bank Co., Ltd.'s score is 70 out of 100.

  •  600036
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Final Assessment mc_sort Hidden
Industrial and Commercial Bank of China Limited 252.1B 62 68 60 78 73 0 1
China Construction Bank Corporation 190.3B 66 67 75 71 73 1 1
Agricultural Bank of China Limited 161.7B 59 67 64 75 70 2 1
Ping An Insurance (Group) Company of China, Ltd. 145.6B 65 76 68 53 63 3 1
Bank of China Limited 135.7B 37 69 55 86 63 4 1
Postal Savings Bank of China Co., Ltd. 80.9B 60 67 66 72 69 5 1
National Australia Bank Limited 70.2B 77 71 64 64 75 6 1
Industrial Bank Co., Ltd. 69.8B 73 68 46 84 83 7 1
Australia and New Zealand Banking Group Limited 59.7B 65 69 68 66 68 8 1
Westpac Banking Corporation 58.6B 88 71 67 56 77 9 1
Macquarie Group Limited 55.4B 74 66 84 78 83 10 1
Bank of Communications Co., Ltd. 52.9B 57 68 54 75 68 11 1
Ping An Bank Co., Ltd. 50.1B 68 68 88 82 83 12 1
Wesfarmers Limited 44.9B 75 75 45 73 74 13 1
Shanghai Pudong Development Bank Co., Ltd. 39.6B 59 71 83 63 65 14 1
Fubon Financial Holding Co., Ltd. 37.8B 68 63 57 60 63 15 1
China CITIC Bank Corporation Limited 32.7B 58 68 51 89 77 16 1
China Everbright Bank Company Limited 27.0B 51 66 57 77 65 17 1
China Minsheng Banking Corp., Ltd. 25.3B 49 73 86 73 66 18 1
PT Bank Mandiri (Persero) Tbk 23.0B 69 67 54 78 77 19 1
Signature Bank 21.8B 76 66 50 86 86 20 1
CTBC Financial Holding Co., Ltd. 19.5B 69 64 58 46 55 21 1
Bank of Shanghai Co., Ltd. 16.1B 55 64 53 75 65 22 1
Bank of Jiangsu Co., Ltd. 15.5B 52 66 52 82 68 23 1
Bank of Nanjing Co., Ltd. 15.5B 66 64 90 74 75 24 1
Bank of Beijing Co., Ltd. 15.1B 65 68 55 66 67 25 1
Hua Xia Bank Co., Limited 13.7B 75 81 47 59 65 26 1
Bank of Hangzhou Co., Ltd. 13.2B 62 63 84 81 76 27 1
QBE Insurance Group Limited 13.2B 76 81 81 66 74 28 1
First Financial Holding Co., Ltd. 11.8B 73 69 69 49 62 29 1
Western Alliance Bancorporation 11.7B 67 66 88 82 81 30 1
China Zheshang Bank Co., Ltd 11.3B 56 69 68 82 73 31 1
Yuanta Financial Holding Co., Ltd 11.2B 60 66 55 71 66 32 1
Hua Nan Financial Holdings Co., Ltd. 10.6B 80 68 77 50 68 33 1
Suncorp Group Limited 10.6B 56 66 74 61 59 34 1
Bank of Chengdu Co., Ltd. 8.3B 72 67 55 83 82 35 1
Insurance Australia Group Limited 8.0B 64 81 58 50 54 36 1
TCF Financial Corporation 6.9B 75 74 71 49 62 37 1
SinoPac Financial Holdings Company Limited 6.9B 70 68 77 48 60 38 1
Chongqing Rural Commercial Bank Co., Ltd. 6.5B 55 69 59 88 76 39 1
Glacier Bancorp, Inc. 6.2B 60 71 87 65 68 40 1
Valley National Bancorp 6.1B 55 69 78 66 64 41 1
Chemical Financial Corporation 5.9B 67 72 69 66 65 42 1
Wintrust Financial Corporation 5.7B 75 68 76 68 76 43 1
United Bankshares, Inc. 5.2B 71 72 80 63 72 44 1
Bank of Changsha Co., Ltd. 5.2B 54 66 50 75 65 45 1
China Bohai Bank Co., Ltd. 5.0B 75 72 84 76 78 46 1
Hancock Whitney Corporation 4.8B 69 68 73 68 72 47 1
Guangzhou Rural Commercial Bank Co., Ltd. 4.4B 71 72 87 68 70 48 1
F.N.B. Corporation 4.3B 79 70 65 65 77 49 1
QILU BANK CO., LTD. 4.1B 65 65 86 50 58 50 1
BankUnited, Inc. 3.9B 62 68 78 66 67 51 1
United Community Banks, Inc. 3.9B 68 68 74 68 72 52 1
Bank of Guiyang Co.,Ltd. 3.9B 54 68 60 81 71 53 1
Cathay General Bancorp 3.5B 78 68 72 66 77 54 1
Qingdao Rural Commercial Bank Co., Ltd. 3.4B 60 71 64 92 78 55 1
Bank of Jiujiang Co., Ltd. 3.4B 68 73 83 94 85 56 1
CVB Financial Corp. 3.3B 79 69 72 60 73 57 1
Old National Bancorp 3.2B 70 68 59 68 72 58 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 3.1B 63 67 53 80 75 59 1
Bank of Xi'an Co.,Ltd. 3.1B 63 71 61 76 73 60 1
Fulton Financial Corporation 3.0B 75 69 74 63 73 61 1
Xiamen Bank Co., Ltd. 2.9B 60 65 58 79 72 62 1
International Bancshares Corporation 2.8B 73 69 63 63 71 63 1
First Interstate BancSystem, Inc. 2.7B 76 67 63 61 71 64 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 2.7B 59 69 57 82 74 65 1
First Financial Bancorp. 2.4B 68 70 83 63 70 66 1
WesBanco, Inc. 2.3B 76 68 85 64 76 67 1
Park National Corporation 2.2B 77 69 51 59 70 68 1
Trustmark Corporation 2.1B 75 71 79 53 68 69 1
Hope Bancorp, Inc. 2.0B 72 67 79 69 75 70 1
Provident Financial Services, Inc. 1.9B 68 67 86 53 63 71 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 1.9B 52 70 37 79 66 72 1
Noah Holdings Limited 1.9B 42 60 67 86 64 73 1
Jiangxi Bank Co., Ltd. 1.8B 63 73 89 73 69 74 1
Wuxi Rural Commercial Bank Co.,Ltd 1.8B 68 67 60 81 79 75 1
First Bancorp 1.6B 63 69 84 72 73 76 1
First Commonwealth Financial Corporation 1.6B 63 77 80 72 68 77 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 1.5B 62 64 91 80 76 78 1
Jilin Jiutai Rural Commercial Bank Corporation Limited 1.4B 77 68 74 53 62 79 1
Boston Private Financial Holdings, Inc. 1.2B 82 73 75 49 66 80 1
Standard Chartered Bank Ghana PLC 474.3M 63 74 80 91 85 81 1

Balance Sheet Analysis

Probing the balance sheet shone a spotlight on a number of critical factors that effect the performance in the upcoming quarter. Its important to underline the fact that balance sheet factors affect up to 47.2% of the chances of the company to over-perform its benchmark for the next quarter. Specifically, looking at the company's debt service capabilities conveys lackluster momentum with connection to cash and cash equivalents. Statistically, the debt service capabilities factors do contribute up to 7.5% of the likelihood that the company will over-perform the market. Next, China Merchants Bank Co., Ltd.'s assets found quite unimpressive sentiment related to assets changes. The strength of a company's assets can affect up to 11.2% of the chances of a company to beat its benchmark. Drilling down further into the company's debt structure suggests below average momentum related to liabilities movement. In general, the debt structure factors will influence up to 11.2% of a company's likelihood to over-perform the market. Fourth, the company's found middle of the road sentiment related to shareholders' equity and intangible assets adjustments. Intangible assets and technical changes influence 17.3% of a company's likelihood to over-perform its benchmark in the course of the coming quarters. Our cumulative assessment of the company's balance sheet warranted the weighted score of 45.

Parameter Value Change Score
Assets 8,917,440.0 0% 49
Capital Expenditure -25,538.0 -29% 44
Cash & Equivalents 11,758.0 -95% 37
Equity 754,902.0 5% 55
Liabilities 8,121,625.0 0% 49
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its balance sheet with respect to its peers. While China Merchants Bank Co., Ltd. received a balance sheet score of 45 out of 100, the average of its peers stands on 66 out of 100.

  •  600036
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
Industrial and Commercial Bank of China Limited 252.1B 64 64 60 63 58 62 0 1
China Construction Bank Corporation 190.3B 63 63 65 65 82 66 1 1
Agricultural Bank of China Limited 161.7B 49 49 59 97 52 59 2 1
Ping An Insurance (Group) Company of China, Ltd. 145.6B 45 45 72 94 79 65 3 1
Bank of China Limited 135.7B 42 42 40 38 52 37 4 1
Postal Savings Bank of China Co., Ltd. 80.9B 61 61 63 56 48 60 5 1
National Australia Bank Limited 70.2B 79 79 76 45 94 77 6 1
Industrial Bank Co., Ltd. 69.8B 71 71 55 93 98 73 7 1
Australia and New Zealand Banking Group Limited 59.7B 50 50 77 73 68 65 8 1
Westpac Banking Corporation 58.6B 78 78 81 91 95 88 9 1
Macquarie Group Limited 55.4B 91 91 45 90 39 74 10 1
Bank of Communications Co., Ltd. 52.9B 45 45 61 90 55 57 11 1
Ping An Bank Co., Ltd. 50.1B 69 69 58 87 51 68 12 1
Wesfarmers Limited 44.9B 58 58 72 78 94 75 13 1
Shanghai Pudong Development Bank Co., Ltd. 39.6B 52 52 65 74 47 59 14 1
Fubon Financial Holding Co., Ltd. 37.8B 53 53 72 81 88 68 15 1
China CITIC Bank Corporation Limited 32.7B 47 47 51 94 84 58 16 1
China Everbright Bank Company Limited 27.0B 43 43 59 51 92 51 17 1
China Minsheng Banking Corp., Ltd. 25.3B 43 43 63 46 53 49 18 1
PT Bank Mandiri (Persero) Tbk 23.0B 74 74 56 79 58 69 19 1
Signature Bank 21.8B 86 86 56 82 56 76 20 1
CTBC Financial Holding Co., Ltd. 19.5B 61 61 80 63 55 69 21 1
Bank of Shanghai Co., Ltd. 16.1B 48 48 55 81 51 55 22 1
Bank of Jiangsu Co., Ltd. 15.5B 47 47 52 84 40 52 23 1
Bank of Nanjing Co., Ltd. 15.5B 70 70 63 61 50 66 24 1
Bank of Beijing Co., Ltd. 15.1B 58 58 67 64 81 65 25 1
Hua Xia Bank Co., Limited 13.7B 82 82 83 40 37 75 26 1
Bank of Hangzhou Co., Ltd. 13.2B 60 60 57 66 81 62 27 1
QBE Insurance Group Limited 13.2B 88 88 57 82 45 76 28 1
First Financial Holding Co., Ltd. 11.8B 60 60 85 64 80 73 29 1
Western Alliance Bancorporation 11.7B 82 82 60 38 46 67 30 1
China Zheshang Bank Co., Ltd 11.3B 62 62 57 45 46 56 31 1
Yuanta Financial Holding Co., Ltd 11.2B 49 49 63 76 81 60 32 1
Hua Nan Financial Holdings Co., Ltd. 10.6B 71 71 83 72 84 80 33 1
Suncorp Group Limited 10.6B 48 48 65 44 70 56 34 1
Bank of Chengdu Co., Ltd. 8.3B 69 69 56 91 94 72 35 1
Insurance Australia Group Limited 8.0B 52 52 73 74 70 64 36 1
TCF Financial Corporation 6.9B 79 79 78 46 62 75 37 1
SinoPac Financial Holdings Company Limited 6.9B 55 55 80 84 58 70 38 1
Chongqing Rural Commercial Bank Co., Ltd. 6.5B 48 48 51 95 46 55 39 1
Glacier Bancorp, Inc. 6.2B 75 75 54 38 42 60 40 1
Valley National Bancorp 6.1B 57 57 56 51 68 55 41 1
Chemical Financial Corporation 5.9B 73 73 61 80 58 67 42 1
Wintrust Financial Corporation 5.7B 69 69 71 76 87 75 43 1
United Bankshares, Inc. 5.2B 63 63 75 79 51 71 44 1
Bank of Changsha Co., Ltd. 5.2B 51 51 47 97 39 54 45 1
China Bohai Bank Co., Ltd. 5.0B 79 79 67 86 40 75 46 1
Hancock Whitney Corporation 4.8B 59 59 70 75 91 69 47 1
Guangzhou Rural Commercial Bank Co., Ltd. 4.4B 74 74 73 59 44 71 48 1
F.N.B. Corporation 4.3B 70 70 75 90 81 79 49 1
QILU BANK CO., LTD. 4.1B 56 56 66 73 86 65 50 1
BankUnited, Inc. 3.9B 49 49 90 41 49 62 51 1
United Community Banks, Inc. 3.9B 72 72 54 88 53 68 52 1
Bank of Guiyang Co.,Ltd. 3.9B 59 59 57 43 51 54 53 1
Cathay General Bancorp 3.5B 70 70 80 76 78 78 54 1
Qingdao Rural Commercial Bank Co., Ltd. 3.4B 71 71 46 50 67 60 55 1
Bank of Jiujiang Co., Ltd. 3.4B 73 73 51 82 70 68 56 1
CVB Financial Corp. 3.3B 76 76 79 79 41 79 57 1
Old National Bancorp 3.2B 64 64 58 93 91 70 58 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 3.1B 65 65 55 61 86 63 59 1
Bank of Xi'an Co.,Ltd. 3.1B 52 52 61 97 58 63 60 1
Fulton Financial Corporation 3.0B 63 63 81 90 50 75 61 1
Xiamen Bank Co., Ltd. 2.9B 51 51 61 92 48 60 62 1
International Bancshares Corporation 2.8B 70 70 77 64 54 73 63 1
First Interstate BancSystem, Inc. 2.7B 68 68 76 82 68 76 64 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 2.7B 47 47 58 84 89 59 65 1
First Financial Bancorp. 2.4B 52 52 88 71 48 68 66 1
WesBanco, Inc. 2.3B 58 58 90 89 56 76 67 1
Park National Corporation 2.2B 62 62 84 78 88 77 68 1
Trustmark Corporation 2.1B 65 65 83 62 83 75 69 1
Hope Bancorp, Inc. 2.0B 67 67 87 47 45 72 70 1
Provident Financial Services, Inc. 1.9B 74 74 63 45 84 68 71 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 1.9B 41 41 52 95 48 52 72 1
Noah Holdings Limited 1.9B 42 42 46 48 68 42 73 1
Jiangxi Bank Co., Ltd. 1.8B 67 67 69 45 41 63 74 1
Wuxi Rural Commercial Bank Co.,Ltd 1.8B 72 72 51 92 58 68 75 1
First Bancorp 1.6B 73 73 48 51 87 63 76 1
First Commonwealth Financial Corporation 1.6B 56 56 75 41 82 63 77 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 1.5B 53 53 60 81 84 62 78 1
Jilin Jiutai Rural Commercial Bank Corporation Limited 1.4B 69 69 84 76 60 77 79 1
Boston Private Financial Holdings, Inc. 1.2B 81 81 77 86 58 82 80 1
Standard Chartered Bank Ghana PLC 474.3M 60 60 63 57 70 63 81 1

Income Statement Analysis

Examination of the changes in China Merchants Bank Co., Ltd.'s income statement underscored the importance of several key factors that provide meaningful signals for the coming months. First, China Merchants Bank Co., Ltd.'s net income reveals mediocre execution with respect to earnings movement. These a company's net income influences around 12.2% of a company's likelihood to over-perform the market Next, the company's cost of sales forecasts sub-par results with respect to capital expenditure growth. Historically, a Company's cost of sales can be responsible for up to 8.4% of the probability that a company will beat the market. Reviewing their revenue indicates modest sentiment concerning revenue momentum. Revenue momentum impacts up to 3.8% of a company's probability to over-perform the market throughout the coming quarters. As such, our bottom line assessment of the company's income statement deserved the ranking of 68.

Parameter Value Change Score
Total Revenues 251,120.0 3% 65
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its income statement with respect to its peers. While China Merchants Bank Co., Ltd. received a income statement score of 68 out of 100, the average of its peers stands on 68 out of 100.

  •  600036
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
Industrial and Commercial Bank of China Limited 252.1B 62 66 68 0 1
China Construction Bank Corporation 190.3B 58 67 67 1 1
Agricultural Bank of China Limited 161.7B 64 65 67 2 1
Ping An Insurance (Group) Company of China, Ltd. 145.6B 66 74 76 3 1
Bank of China Limited 135.7B 68 67 69 4 1
Postal Savings Bank of China Co., Ltd. 80.9B 58 67 67 5 1
National Australia Bank Limited 70.2B 97 63 71 6 1
Industrial Bank Co., Ltd. 69.8B 57 67 68 7 1
Australia and New Zealand Banking Group Limited 59.7B 69 66 69 8 1
Westpac Banking Corporation 58.6B 98 64 71 9 1
Macquarie Group Limited 55.4B 39 69 66 10 1
Bank of Communications Co., Ltd. 52.9B 61 67 68 11 1
Ping An Bank Co., Ltd. 50.1B 55 68 68 12 1
Wesfarmers Limited 44.9B 97 43 75 13 1
Shanghai Pudong Development Bank Co., Ltd. 39.6B 92 65 71 14 1
Fubon Financial Holding Co., Ltd. 37.8B 67 61 63 15 1
China CITIC Bank Corporation Limited 32.7B 66 66 68 16 1
China Everbright Bank Company Limited 27.0B 63 65 66 17 1
China Minsheng Banking Corp., Ltd. 25.3B 94 66 73 18 1
PT Bank Mandiri (Persero) Tbk 23.0B 47 68 67 19 1
Signature Bank 21.8B 48 67 66 20 1
CTBC Financial Holding Co., Ltd. 19.5B 92 58 64 21 1
Bank of Shanghai Co., Ltd. 16.1B 63 62 64 22 1
Bank of Jiangsu Co., Ltd. 15.5B 48 67 66 23 1
Bank of Nanjing Co., Ltd. 15.5B 56 64 64 24 1
Bank of Beijing Co., Ltd. 15.1B 61 66 68 25 1
Hua Xia Bank Co., Limited 13.7B 97 76 81 26 1
Bank of Hangzhou Co., Ltd. 13.2B 52 63 63 27 1
QBE Insurance Group Limited 13.2B 45 90 81 28 1
First Financial Holding Co., Ltd. 11.8B 68 67 69 29 1
Western Alliance Bancorporation 11.7B 43 68 66 30 1
China Zheshang Bank Co., Ltd 11.3B 69 66 69 31 1
Yuanta Financial Holding Co., Ltd 11.2B 92 59 66 32 1
Hua Nan Financial Holdings Co., Ltd. 10.6B 59 67 68 33 1
Suncorp Group Limited 10.6B 57 68 66 34 1
Bank of Chengdu Co., Ltd. 8.3B 58 66 67 35 1
Insurance Australia Group Limited 8.0B 98 75 81 36 1
TCF Financial Corporation 6.9B 60 70 74 37 1
SinoPac Financial Holdings Company Limited 6.9B 60 67 68 38 1
Chongqing Rural Commercial Bank Co., Ltd. 6.5B 64 67 69 39 1
Glacier Bancorp, Inc. 6.2B 89 65 71 40 1
Valley National Bancorp 6.1B 63 67 69 41 1
Chemical Financial Corporation 5.9B 73 70 72 42 1
Wintrust Financial Corporation 5.7B 68 66 68 43 1
United Bankshares, Inc. 5.2B 94 65 72 44 1
Bank of Changsha Co., Ltd. 5.2B 61 65 66 45 1
China Bohai Bank Co., Ltd. 5.0B 41 81 72 46 1
Hancock Whitney Corporation 4.8B 56 68 68 47 1
Guangzhou Rural Commercial Bank Co., Ltd. 4.4B 41 81 72 48 1
F.N.B. Corporation 4.3B 67 67 70 49 1
QILU BANK CO., LTD. 4.1B 54 65 65 50 1
BankUnited, Inc. 3.9B 59 67 68 51 1
United Community Banks, Inc. 3.9B 54 67 68 52 1
Bank of Guiyang Co.,Ltd. 3.9B 71 65 68 53 1
Cathay General Bancorp 3.5B 58 67 68 54 1
Qingdao Rural Commercial Bank Co., Ltd. 3.4B 92 60 71 55 1
Bank of Jiujiang Co., Ltd. 3.4B 45 81 73 56 1
CVB Financial Corp. 3.3B 72 66 69 57 1
Old National Bancorp 3.2B 74 65 68 58 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 3.1B 52 67 67 59 1
Bank of Xi'an Co.,Ltd. 3.1B 89 65 71 60 1
Fulton Financial Corporation 3.0B 64 67 69 61 1
Xiamen Bank Co., Ltd. 2.9B 48 66 65 62 1
International Bancshares Corporation 2.8B 64 67 69 63 1
First Interstate BancSystem, Inc. 2.7B 73 64 67 64 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 2.7B 69 66 69 65 1
First Financial Bancorp. 2.4B 68 67 70 66 1
WesBanco, Inc. 2.3B 69 66 68 67 1
Park National Corporation 2.2B 71 66 69 68 1
Trustmark Corporation 2.1B 94 64 71 69 1
Hope Bancorp, Inc. 2.0B 50 68 67 70 1
Provident Financial Services, Inc. 1.9B 59 66 67 71 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 1.9B 53 70 70 72 1
Noah Holdings Limited 1.9B 64 59 60 73 1
Jiangxi Bank Co., Ltd. 1.8B 43 81 73 74 1
Wuxi Rural Commercial Bank Co.,Ltd 1.8B 53 67 67 75 1
First Bancorp 1.6B 68 67 69 76 1
First Commonwealth Financial Corporation 1.6B 73 77 77 77 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 1.5B 47 65 64 78 1
Jilin Jiutai Rural Commercial Bank Corporation Limited 1.4B 40 75 68 79 1
Boston Private Financial Holdings, Inc. 1.2B 61 69 73 80 1
Standard Chartered Bank Ghana PLC 474.3M 80 72 74 81 1

Cash Flow Analysis

Examination of the companys cash flow pointed to several specific results that often have the most significant effect on company performance in the current market. Specifically, their flow of cash coming from operations, finance, and investments suggests great in the next quarter momentum related to cash flow momentum. Historically, the flow of cash coming from operations, finance, and investments factors impact up to 0.1% of the chances of the company to over-perform. Next, looking at China Merchants Bank Co., Ltd.'s net cash flow shows excellent execution with respect to free cash flow growth. Generally, these factors influence around 2.9% of the probability that a company will beat its benchmark performance for the current market. Our cumulative assessment of China Merchants Bank Co., Ltd.'s cash flow warranted the score of 92.

Parameter Value Change Score
Free Cashflow 26.63 348% 96
Cashflow 113,211.0 10% 87
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its cash flow with respect to its peers. While China Merchants Bank Co., Ltd. received a cash flow score of 92 out of 100, the average of its peers stands on 68 out of 100.

  •  600036
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
Industrial and Commercial Bank of China Limited 252.1B 65 53 60 0 1
China Construction Bank Corporation 190.3B 69 81 75 1 1
Agricultural Bank of China Limited 161.7B 68 58 64 2 1
Ping An Insurance (Group) Company of China, Ltd. 145.6B 67 68 68 3 1
Bank of China Limited 135.7B 64 44 55 4 1
Postal Savings Bank of China Co., Ltd. 80.9B 66 64 66 5 1
National Australia Bank Limited 70.2B 60 68 64 6 1
Industrial Bank Co., Ltd. 69.8B 46 44 46 7 1
Australia and New Zealand Banking Group Limited 59.7B 67 68 68 8 1
Westpac Banking Corporation 58.6B 65 68 67 9 1
Macquarie Group Limited 55.4B 71 97 84 10 1
Bank of Communications Co., Ltd. 52.9B 66 39 54 11 1
Ping An Bank Co., Ltd. 50.1B 86 88 88 12 1
Wesfarmers Limited 44.9B 44 45 45 13 1
Shanghai Pudong Development Bank Co., Ltd. 39.6B 77 88 83 14 1
Fubon Financial Holding Co., Ltd. 37.8B 63 49 57 15 1
China CITIC Bank Corporation Limited 32.7B 62 37 51 16 1
China Everbright Bank Company Limited 27.0B 58 55 57 17 1
China Minsheng Banking Corp., Ltd. 25.3B 76 95 86 18 1
PT Bank Mandiri (Persero) Tbk 23.0B 56 50 54 19 1
Signature Bank 21.8B 51 48 50 20 1
CTBC Financial Holding Co., Ltd. 19.5B 64 50 58 21 1
Bank of Shanghai Co., Ltd. 16.1B 62 41 53 22 1
Bank of Jiangsu Co., Ltd. 15.5B 64 37 52 23 1
Bank of Nanjing Co., Ltd. 15.5B 90 87 90 24 1
Bank of Beijing Co., Ltd. 15.1B 60 48 55 25 1
Hua Xia Bank Co., Limited 13.7B 51 41 47 26 1
Bank of Hangzhou Co., Ltd. 13.2B 72 97 84 27 1
QBE Insurance Group Limited 13.2B 73 87 81 28 1
First Financial Holding Co., Ltd. 11.8B 72 63 69 29 1
Western Alliance Bancorporation 11.7B 82 93 88 30 1
China Zheshang Bank Co., Ltd 11.3B 72 61 68 31 1
Yuanta Financial Holding Co., Ltd 11.2B 67 40 55 32 1
Hua Nan Financial Holdings Co., Ltd. 10.6B 76 75 77 33 1
Suncorp Group Limited 10.6B 75 53 74 34 1
Bank of Chengdu Co., Ltd. 8.3B 67 40 55 35 1
Insurance Australia Group Limited 8.0B 62 53 58 36 1
TCF Financial Corporation 6.9B 67 74 71 37 1
SinoPac Financial Holdings Company Limited 6.9B 78 74 77 38 1
Chongqing Rural Commercial Bank Co., Ltd. 6.5B 67 49 59 39 1
Glacier Bancorp, Inc. 6.2B 86 87 87 40 1
Valley National Bancorp 6.1B 73 82 78 41 1
Chemical Financial Corporation 5.9B 73 64 69 42 1
Wintrust Financial Corporation 5.7B 67 84 76 43 1
United Bankshares, Inc. 5.2B 70 90 80 44 1
Bank of Changsha Co., Ltd. 5.2B 57 41 50 45 1
China Bohai Bank Co., Ltd. 5.0B 70 96 84 46 1
Hancock Whitney Corporation 4.8B 72 71 73 47 1
Guangzhou Rural Commercial Bank Co., Ltd. 4.4B 75 96 87 48 1
F.N.B. Corporation 4.3B 58 72 65 49 1
QILU BANK CO., LTD. 4.1B 86 83 86 50 1
BankUnited, Inc. 3.9B 81 74 78 51 1
United Community Banks, Inc. 3.9B 64 83 74 52 1
Bank of Guiyang Co.,Ltd. 3.9B 62 58 60 53 1
Cathay General Bancorp 3.5B 70 72 72 54 1
Qingdao Rural Commercial Bank Co., Ltd. 3.4B 65 62 64 55 1
Bank of Jiujiang Co., Ltd. 3.4B 74 89 83 56 1
CVB Financial Corp. 3.3B 64 79 72 57 1
Old National Bancorp 3.2B 55 61 59 58 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 3.1B 65 39 53 59 1
Bank of Xi'an Co.,Ltd. 3.1B 70 48 61 60 1
Fulton Financial Corporation 3.0B 72 74 74 61 1
Xiamen Bank Co., Ltd. 2.9B 66 48 58 62 1
International Bancshares Corporation 2.8B 62 63 63 63 1
First Interstate BancSystem, Inc. 2.7B 65 59 63 64 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 2.7B 53 61 57 65 1
First Financial Bancorp. 2.4B 85 79 83 66 1
WesBanco, Inc. 2.3B 80 89 85 67 1
Park National Corporation 2.2B 46 54 51 68 1
Trustmark Corporation 2.1B 69 87 79 69 1
Hope Bancorp, Inc. 2.0B 74 83 79 70 1
Provident Financial Services, Inc. 1.9B 83 87 86 71 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 1.9B 37 37 37 72 1
Noah Holdings Limited 1.9B 65 68 67 73 1
Jiangxi Bank Co., Ltd. 1.8B 80 95 89 74 1
Wuxi Rural Commercial Bank Co.,Ltd 1.8B 61 59 60 75 1
First Bancorp 1.6B 79 88 84 76 1
First Commonwealth Financial Corporation 1.6B 82 74 80 77 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 1.5B 88 92 91 78 1
Jilin Jiutai Rural Commercial Bank Corporation Limited 1.4B 69 77 74 79 1
Boston Private Financial Holdings, Inc. 1.2B 66 84 75 80 1
Standard Chartered Bank Ghana PLC 474.3M 79 87 80 81 1

General & Ratios Analysis

Our cumulative analysis of these reports these fundamental components of the reports gives us a deeper perspective into the company's likelihood to over-perform for the coming months. First, analysis of China Merchants Bank Co., Ltd.'s performance connected to general factors signals mediocre execution with respect to macroeconomic environment. Focusing on reviewing their health and sustainability reveals remarkable performance going into book value momentum. Historically, these factors will contribute up to 27.7% of a company's likelihood to beat the market. Looking deeper into looking closer at China Merchants Bank Co., Ltd.'s capital efficiency conveys passable developments concerning assets factors momentum. Typically, the capital efficiency factors influence around 3.8% of a company's likelihood to over-perform its benchmark for the coming quarters. In particular, analyzing investors' interest suggests unexceptional results with connection to return factors momentum. Statistically, these factors do contribute up to 2.3% of the probability that a company will beat the market during the current market. In particular, looking at their capital efficiency found passable developments concerning assets factors momentum. In general, the capital efficiency factors influence 3.8% of the chances of a company to beat the market in the course of the coming months. With all these factors considered, our evaluation of the company's general factors and ratios warranted the cumulative score of 84.

Parameter Value Change Score
Price to Book 1.6 -15% 89
Return on Equity 15.31 -2% 62
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its Financial Ratios with respect to its peers. While China Merchants Bank Co., Ltd. received a Financial Ratios score of 84 out of 100, the average of its peers stands on 69 out of 100.

  •  600036
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
Industrial and Commercial Bank of China Limited 252.1B 68 79 70 69 78 0 1
China Construction Bank Corporation 190.3B 68 70 71 69 71 1 1
Agricultural Bank of China Limited 161.7B 68 76 69 69 75 2 1
Ping An Insurance (Group) Company of China, Ltd. 145.6B 68 54 51 65 53 3 1
Bank of China Limited 135.7B 68 89 69 69 86 4 1
Postal Savings Bank of China Co., Ltd. 80.9B 68 72 71 69 72 5 1
National Australia Bank Limited 70.2B 68 62 72 69 64 6 1
Industrial Bank Co., Ltd. 69.8B 68 86 70 69 84 7 1
Australia and New Zealand Banking Group Limited 59.7B 68 65 69 69 66 8 1
Westpac Banking Corporation 58.6B 68 54 65 69 56 9 1
Macquarie Group Limited 55.4B 68 77 75 69 78 10 1
Bank of Communications Co., Ltd. 52.9B 68 76 70 69 75 11 1
Ping An Bank Co., Ltd. 50.1B 68 83 72 69 82 12 1
Wesfarmers Limited 44.9B 54 67 71 85 73 13 1
Shanghai Pudong Development Bank Co., Ltd. 39.6B 68 62 67 69 63 14 1
Fubon Financial Holding Co., Ltd. 37.8B 68 53 80 88 60 15 1
China CITIC Bank Corporation Limited 32.7B 68 92 70 69 89 16 1
China Everbright Bank Company Limited 27.0B 68 80 59 69 77 17 1
China Minsheng Banking Corp., Ltd. 25.3B 68 74 63 69 73 18 1
PT Bank Mandiri (Persero) Tbk 23.0B 68 78 73 69 78 19 1
Signature Bank 21.8B 68 88 72 69 86 20 1
CTBC Financial Holding Co., Ltd. 19.5B 68 42 68 59 46 21 1
Bank of Shanghai Co., Ltd. 16.1B 68 77 66 69 75 22 1
Bank of Jiangsu Co., Ltd. 15.5B 68 84 71 69 82 23 1
Bank of Nanjing Co., Ltd. 15.5B 68 74 71 69 74 24 1
Bank of Beijing Co., Ltd. 15.1B 68 65 71 69 66 25 1
Hua Xia Bank Co., Limited 13.7B 68 54 71 68 59 26 1
Bank of Hangzhou Co., Ltd. 13.2B 68 82 72 69 81 27 1
QBE Insurance Group Limited 13.2B 68 66 55 73 66 28 1
First Financial Holding Co., Ltd. 11.8B 68 43 73 69 49 29 1
Western Alliance Bancorporation 11.7B 68 85 70 69 82 30 1
China Zheshang Bank Co., Ltd 11.3B 68 84 69 69 82 31 1
Yuanta Financial Holding Co., Ltd 11.2B 68 73 68 47 71 32 1
Hua Nan Financial Holdings Co., Ltd. 10.6B 68 45 74 69 50 33 1
Suncorp Group Limited 10.6B 64 61 51 71 61 34 1
Bank of Chengdu Co., Ltd. 8.3B 68 85 68 69 83 35 1
Insurance Australia Group Limited 8.0B 68 47 66 48 50 36 1
TCF Financial Corporation 6.9B 68 45 64 69 49 37 1
SinoPac Financial Holdings Company Limited 6.9B 68 42 72 69 48 38 1
Chongqing Rural Commercial Bank Co., Ltd. 6.5B 68 93 65 69 88 39 1
Glacier Bancorp, Inc. 6.2B 68 64 69 69 65 40 1
Valley National Bancorp 6.1B 68 65 69 69 66 41 1
Chemical Financial Corporation 5.9B 63 65 61 67 66 42 1
Wintrust Financial Corporation 5.7B 68 67 68 69 68 43 1
United Bankshares, Inc. 5.2B 68 62 66 69 63 44 1
Bank of Changsha Co., Ltd. 5.2B 68 76 69 69 75 45 1
China Bohai Bank Co., Ltd. 5.0B 68 74 73 68 76 46 1
Hancock Whitney Corporation 4.8B 68 66 72 69 68 47 1
Guangzhou Rural Commercial Bank Co., Ltd. 4.4B 68 65 72 68 68 48 1
F.N.B. Corporation 4.3B 68 63 71 69 65 49 1
QILU BANK CO., LTD. 4.1B 68 45 71 69 50 50 1
BankUnited, Inc. 3.9B 68 64 70 69 66 51 1
United Community Banks, Inc. 3.9B 68 66 72 69 68 52 1
Bank of Guiyang Co.,Ltd. 3.9B 68 84 66 69 81 53 1
Cathay General Bancorp 3.5B 68 64 71 69 66 54 1
Qingdao Rural Commercial Bank Co., Ltd. 3.4B 68 95 64 69 92 55 1
Bank of Jiujiang Co., Ltd. 3.4B 68 95 69 68 94 56 1
CVB Financial Corp. 3.3B 68 57 72 69 60 57 1
Old National Bancorp 3.2B 68 68 67 69 68 58 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 3.1B 68 82 70 69 80 59 1
Bank of Xi'an Co.,Ltd. 3.1B 68 77 68 69 76 60 1
Fulton Financial Corporation 3.0B 68 60 72 69 63 61 1
Xiamen Bank Co., Ltd. 2.9B 68 79 73 69 79 62 1
International Bancshares Corporation 2.8B 68 60 73 69 63 63 1
First Interstate BancSystem, Inc. 2.7B 68 58 70 69 61 64 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 2.7B 68 83 74 69 82 65 1
First Financial Bancorp. 2.4B 68 60 73 69 63 66 1
WesBanco, Inc. 2.3B 68 64 64 69 64 67 1
Park National Corporation 2.2B 68 56 68 69 59 68 1
Trustmark Corporation 2.1B 68 50 64 69 53 69 1
Hope Bancorp, Inc. 2.0B 68 68 74 69 69 70 1
Provident Financial Services, Inc. 1.9B 68 48 73 69 53 71 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 1.9B 68 82 62 69 79 72 1
Noah Holdings Limited 1.9B 68 88 68 76 86 73 1
Jiangxi Bank Co., Ltd. 1.8B 68 70 73 68 73 74 1
Wuxi Rural Commercial Bank Co.,Ltd 1.8B 68 83 72 69 81 75 1
First Bancorp 1.6B 68 72 71 69 72 76 1
First Commonwealth Financial Corporation 1.6B 68 70 69 68 72 77 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 1.5B 68 81 68 69 80 78 1
Jilin Jiutai Rural Commercial Bank Corporation Limited 1.4B 68 49 66 68 53 79 1
Boston Private Financial Holdings, Inc. 1.2B 68 45 61 69 49 80 1
Standard Chartered Bank Ghana PLC 474.3M 64 92 87 70 91 81 1

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