€4.00
7.78% today
L&S, Jul 03, 04:00 pm CET
ISIN
CNE1000002M1
Symbol
3968
Index
Sector
Industry

China Merchants Bank Target price 2024 - Analyst rating & recommendation

China Merchants Bank Classifications & Recommendation:

Buy
88%
Hold
8%
Sell
4%

China Merchants Bank Target price

Target price HKD40.82
Course HKD33.55
Price potential
Number of estimates 21
21 Analysts have issued a price target China Merchants Bank 2025 . The average China Merchants Bank target price is HKD40.82. This is higher than the current share price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 21 Analysts recommend China Merchants Bank to buy, 2 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst estimates: Analysts believe that the China Merchants Bank share has an average upside potential 2025 of . Most analysts recommend the China Merchants Bank share at Purchase.

Sales and margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Forecast
Turnover Billion HKD 557.23 358.72
2.01% 35.62%
Net margin 28.15% 43.44%
3.72% 54.31%

32 Analysts have issued a sales forecast China Merchants Bank 2024 . The average China Merchants Bank sales estimate is

HKD359b
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. This is
35.08% lower
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than the turnover of the last 12 months(TTM). The highest sales forecast is
HKD374b 32.31%
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, the lowest is
HKD345b 37.53%
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.

This results in the following potential growth figures:

Sales forecast

2023 HKD557b 2.01%
2024
HKD359b 35.62%
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2025
HKD377b 4.97%
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2026
HKD402b 6.87%
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8 China Merchants Bank Analysts have issued a net profit forecast 2024. The average China Merchants Bank net profit estimate is

HKD156b
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. This is
2.07% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
HKD161b 1.43%
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, the lowest is
HKD150b 5.87%
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.

This results in the following potential growth figures and future net margins:

Net profit forecast

2023 HKD157b 1.63%
2024
HKD156b 0.65%
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2025
HKD164b 4.93%
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2026
HKD184b 12.79%
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Net margin

2023 28.15% 3.72%
2024
43.44% 54.31%
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2025
43.43% 0.02%
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2026
45.84% 5.55%
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Earnings per share, P/E ratio and EV/sales forecast 2024, 2025 & 2026

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Dec '23 2024
Forecast
Earnings per share HKD 6.22 6.18
1.63% 0.64%
P/E ratio 5.89
EV/Sales 5.35

8 Analysts have issued a China Merchants Bank forecast for earnings per share. The average China Merchants Bank <a href=/blog/eps>EPS is

HKD6.18
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. This is
2.06% lower
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than earnings per share in the financial year 2023. The highest <a href=/blog/eps>EPS forecast is
HKD6.40 1.43%
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, the lowest is
HKD5.94 5.86%
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.

This results in the following potential growth figures and future valuations:

Earnings per share

2023 HKD6.22 1.63%
2024
HKD6.18 0.64%
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2025
HKD6.48 4.85%
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2026
HKD7.31 12.81%
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P/E ratio

Current 5.77 19.21%
2024
5.89 2.08%
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2025
5.61 4.75%
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2026
4.98 11.23%
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Based on analysts' sales estimates for 2024, the China Merchants Bank share is valued at an <a href=/blog/ev-sales-einfach-erklaert>EV/Sales of

and an <a href=/blog/kurs-umsatz-verhaeltnis-kuv-einfach-erklaert>P/S ratio of .

This results in the following potential growth figures and future valuations:

EV/Sales

Current 3.47 1.70%
2024
5.35 54.20%
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2025
5.10 4.73%
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2026
4.77 6.43%
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P/S ratio

Current 1.66 4.01%
2024
2.56 54.02%
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2025
2.44 4.73%
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2026
2.28 6.43%
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