China Merchants Bank Co. Ltd (M4B) - Net Assets
Based on the latest financial reports, China Merchants Bank Co. Ltd (M4B) has net assets worth €1.29 Trillion EUR (≈ $1.51 Trillion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.48 Trillion ≈ $15.77 Trillion USD) and total liabilities (€12.19 Trillion ≈ $14.26 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check China Merchants Bank Co. Ltd (M4B) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.29 Trillion |
| % of Total Assets | 9.57% |
| Annual Growth Rate | 14.0% |
| 5-Year Change | 47.96% |
| 10-Year Change | 217.56% |
| Growth Volatility | 4.28 |
China Merchants Bank Co. Ltd - Net Assets Trend (2013–2025)
This chart illustrates how China Merchants Bank Co. Ltd's net assets have evolved over time, based on quarterly financial data. See M4B defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Merchants Bank Co. Ltd (2013–2025)
The table below shows the annual net assets of China Merchants Bank Co. Ltd from 2013 to 2025. For live valuation and market cap data, see China Merchants Bank Co. Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.28 Trillion ≈ $1.50 Trillion |
+3.84% |
| 2024-12-31 | €1.23 Trillion ≈ $1.44 Trillion |
+13.61% |
| 2023-12-31 | €1.09 Trillion ≈ $1.27 Trillion |
+13.78% |
| 2022-12-31 | €954.24 Billion ≈ $1.12 Trillion |
+10.23% |
| 2021-12-31 | €865.68 Billion ≈ $1.01 Trillion |
+18.53% |
| 2020-12-31 | €730.35 Billion ≈ $853.86 Billion |
+18.24% |
| 2019-12-31 | €617.71 Billion ≈ $722.16 Billion |
+13.63% |
| 2018-12-31 | €543.61 Billion ≈ $635.53 Billion |
+12.46% |
| 2017-12-31 | €483.39 Billion ≈ $565.14 Billion |
+19.84% |
| 2016-12-31 | €403.36 Billion ≈ $471.57 Billion |
+11.50% |
| 2015-12-31 | €361.76 Billion ≈ $422.93 Billion |
+14.82% |
| 2014-12-31 | €315.06 Billion ≈ $368.34 Billion |
+18.46% |
| 2013-12-31 | €265.96 Billion ≈ $310.93 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Merchants Bank Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 275.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €679.81 Billion | 53.41% |
| Other Components | €593.07 Billion | 46.59% |
| Total Equity | €1.27 Trillion | 100.00% |
China Merchants Bank Co. Ltd Competitors by Market Cap
The table below lists competitors of China Merchants Bank Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atmos Energy Corporation
NYSE:ATO
|
$28.09 Billion |
|
Caseys General Stores Inc
NASDAQ:CASY
|
$28.11 Billion |
|
FIRSTRAND ADR/ 10 RC -01
F:FSR
|
$28.13 Billion |
|
DENSO CORP. ADR 4
F:DNOA
|
$28.19 Billion |
|
Trip.com Group Limited
F:CLV
|
$28.08 Billion |
|
Resona Holdings Inc
NYSE:RSHGY
|
$28.01 Billion |
|
DexCom Inc
NASDAQ:DXCM
|
$28.01 Billion |
|
HOCHTIEF Aktiengesellschaft
F:HOT
|
$28.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Bank Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,226,014,000,000 to 1,272,875,000,000, a change of 46,861,000,000 (3.8%).
- Net income of 150,181,000,000 contributed positively to equity growth.
- Dividend payments of 61,752,000,000 reduced retained earnings.
- Other factors decreased equity by 41,568,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €150.18 Billion | +11.8% |
| Dividends Paid | €61.75 Billion | -4.85% |
| Other Changes | €-41.57 Billion | -3.27% |
| Total Change | €- | 3.82% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Bank Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.27x to 0.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €19.04 | €5.23 | x |
| 2018-12-31 | €21.42 | €5.23 | x |
| 2019-12-31 | €24.24 | €5.23 | x |
| 2020-12-31 | €28.70 | €5.23 | x |
| 2021-12-31 | €34.05 | €5.23 | x |
| 2022-12-31 | €37.49 | €5.23 | x |
| 2023-12-31 | €42.68 | €5.23 | x |
| 2024-12-31 | €48.61 | €5.23 | x |
| 2025-12-31 | €50.47 | €5.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Bank Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.23%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 10.27x
- Recent ROE (11.80%) is below the historical average (14.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.49% | 42.28% | 0.03x | 15.13x | €25.20 Billion |
| 2014 | 17.78% | 41.67% | 0.03x | 15.05x | €24.47 Billion |
| 2015 | 15.99% | 40.57% | 0.03x | 15.17x | €21.62 Billion |
| 2016 | 15.43% | 29.75% | 0.04x | 14.77x | €21.85 Billion |
| 2017 | 14.61% | 31.90% | 0.03x | 13.11x | €22.13 Billion |
| 2018 | 14.92% | 32.58% | 0.04x | 12.49x | €26.55 Billion |
| 2019 | 15.19% | 34.65% | 0.04x | 12.13x | €31.74 Billion |
| 2020 | 13.45% | 33.85% | 0.03x | 11.55x | €24.97 Billion |
| 2021 | 13.96% | 36.65% | 0.04x | 10.77x | €34.05 Billion |
| 2022 | 14.60% | 40.32% | 0.03x | 10.72x | €43.46 Billion |
| 2023 | 13.62% | 43.55% | 0.03x | 10.25x | €38.97 Billion |
| 2024 | 12.10% | 44.31% | 0.03x | 9.91x | €25.79 Billion |
| 2025 | 11.80% | 45.23% | 0.03x | 10.27x | €22.89 Billion |
Industry Comparison
This section compares China Merchants Bank Co. Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,991,311,497,300
- Average return on equity (ROE) among peers: 10.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Bank Co. Ltd (M4B) | €1.29 Trillion | 19.49% | 9.45x | $28.09 Billion |
| Grupo Supervielle S.A (189A) | $15.14 Billion | 16.09% | 5.20x | $590.94 Million |
| WOORI FIN. GRP SP.ADR/3 (2WGA) | $37.86 Trillion | 8.25% | 14.89x | $11.06 Billion |
| Bank of Zhengzhou Co. Ltd (3BZ) | $52.63 Billion | 4.60% | 10.24x | $240.94 Million |
| Manx Financial Group PLC (3IM) | $35.98 Million | 14.70% | 12.36x | $36.64 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $1.03 Trillion | 8.38% | 15.56x | $12.56 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.16 Trillion | 7.52% | 15.07x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $42.45 Billion | 17.20% | 5.85x | $2.34 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $50.25 Billion | 10.32% | 15.22x | $1.25 Billion |
| Harbin Bank Co. Ltd (5H6) | $47.49 Billion | 11.68% | 11.96x | $120.19 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
About China Merchants Bank Co. Ltd
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 c… Read more