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China Merchants Bank Co., Ltd. 3968.HK Open China Merchants Bank Co., Ltd. in new tab

46.34 HKD
P/E
7.10
EPS
6.57
Yield
7.87%
Safety Score
32
P/B
0.90
ROE
11.92
Beta
0.58
Target Price
58.60 HKD
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Key Metrics
Earnings dateAug. 28, 2026
P/E7.10
EPS6.57
Book Value51.65
Price to Book0.90
% Insiders17.571%
Growth
Revenue Growth0.02%
Earnings Growth0.01%
Estimates
Forward P/E6.48
Forward EPS7.20
Target Mean Price58.60
Dividend
Dividend Yield7.87%
Annual dividends3.01 HKD
Ex-Div. DateJan. 14, 2026
Payout53.96%
5y avg Yield4.52%

DCF Valuation

Tweak assumptions to recompute fair value for China Merchants Bank Co., Ltd. (3968.HK)
Currency: HKD
DCF Assumptions
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Decimal (e.g., 0.20 = 20%).
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Percent number (e.g., 10 = 10%).
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DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

China Merchants Bank Co., Ltd. Logo China Merchants Bank Co., Ltd. Analysis (3968.HK)

China Financial Services Official Website Stock

Is China Merchants Bank Co., Ltd. a good investment? China Merchants Bank Co., Ltd. (3968.HK) is currently trading at 46.34 HKD. Market analysts have a consensus price target of 58.60 HKD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 7.10. This relatively low multiple may signal that China Merchants Bank Co., Ltd. is undervalued compared to historical market norms.

Earnings Schedule: China Merchants Bank Co., Ltd. is expected to release its next earnings report on Aug. 28, 2026. The market consensus estimate for Forward EPS is 7.20.

For income investors, China Merchants Bank Co., Ltd. pays a dividend yield of 7.87%. With a payout ratio of 54%, the dividend appears sustainable.

Investor FAQ

Does China Merchants Bank Co., Ltd. pay a dividend?

Yes, it pays an annual dividend of 3.01 HKD (7.87% yield).

What asset class is China Merchants Bank Co., Ltd.?

China Merchants Bank Co., Ltd. is classified as a Stock. You can compare it against 3 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Aug. 28, 2026. The company currently has a trailing EPS of 6.57.

Company 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. It offers current, demand, time, call, savings, notice, and renminbi accounts. The company also offers 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. In addition, it 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. Further, the company 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. Additionally, it 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, and Sydney. The company was founded in 1987 and is headquartered in Shenzhen, China.

Exchange Ticker
HKSE 3968.HK
FRA (Germany) M4B.F
PNK (United States) CIHHF
Dividend Yield

7.87% (5y avg: 4.52%)

Annual Dividends

3.01 HKD

Next ex. div date

Jan. 14, 2026

Payout Ratio

53.96%

Historical Dividends
Year Total Dividends
2027 1.12 HKD
2026 3.31 HKD
2025 2.19 HKD
2024 2.16 HKD
2023 1.89 HKD
2022 1.78 HKD
2021 1.50 HKD
2020 1.31 HKD
2019 1.07 HKD
2018 1.01 HKD
2017 0.84 HKD
2016 0.81 HKD
2015 0.85 HKD
2014 0.71 HKD
2013 0.71 HKD
2012 0.47 HKD
2011 0.33 HKD
2010 0.24 HKD
2009 0.11 HKD
2008 0.23 HKD
2007 0.10 HKD

Yearly aggregated dividends

Dividends

China Merchants Bank Co., Ltd.
Feb 09, 2026 Paid
Dividend
1.118595 HKD
China Merchants Bank Co., Ltd.
Jul 30, 2025 Paid
Dividend
2.189861 HKD

Historical Split Corporate Actions

Split Date Split Ratio to 1
May 18, 2009 1.300000
Aug. 29, 2013 1.020000
March 8, 2010 1.060000
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