600036.SS
China Merchants Bank Co., Ltd.
ShanghaiCNYEQUITY
Financial Services
DELAYED
Last price
38.91
▲ 0.05 (0.13%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
38.81
Prev close
38.86
Day high
39.10
Day low
38.76
Volume
51.42M
Market cap
$981.05B
P/E (TTM)
6.81
52W range
35.28 – 44.02
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
11.27B
Total on file
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+1.14%
+2.5%
1M
-0.03%
-3.8%
3M
+5.31%
+2.2%
6M
-1.27%
-12.3%
YTD
-7.60%
-19.9%
1Y
-13.84%
-33.8%
3Y
+18.92%
-55.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$981.05B
Enterprise value$-120.39B
Revenue (TTM)$298.81B
Gross profit$298.81B
EBITDA—
Net income$144.44B
EPS (TTM)$5.71
Free cash flow—
Total cash$1.80T
Total debt$691.31B
Book value / share$44.90
Shares outstanding20.63B
Float15.37B
Short % of float—
Dividend yield10.32%
Beta (5Y)0.46
Valuation & profitability ratios
Trailing P/E6.81
Forward P/E6.22
PEG ratio1.17
Price / sales—
Price / book0.87
EV / revenue-0.40
EV / EBITDA—
Gross margin0.00%
Operating margin61.95%
Profit margin50.45%
Return on equity11.92%
Return on assets1.17%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $332.06B | $334.86B | $336.65B | $342.26B | -0.8% |
| Operating revenue | $332.06B | $334.86B | $336.65B | $342.26B | -0.8% |
| Selling, general & admin | $30.80B | $30.57B | $46.72B | $103.70B | +0.7% |
| Total operating expense | $118.50B | $117.65B | $120.99B | $122.06B | +0.7% |
| Pre-tax income | $178.99B | $178.65B | $176.62B | $165.11B | +0.2% |
| Tax provision | $27.87B | $29.09B | $28.61B | $25.82B | -4.2% |
| Net income | $150.18B | $148.39B | $146.60B | $138.01B | +1.2% |
| Net income to common | $150.18B | $148.39B | $146.60B | $138.01B | +1.2% |
| Basic EPS | 5.70 | 5.66 | 5.63 | 5.26 | +0.7% |
| Diluted EPS | 5.70 | 5.66 | 5.63 | 5.26 | +0.7% |
| Basic shares | 26.35B | 26.22B | 26.04B | 26.24B | +0.5% |
| Diluted shares | 26.35B | 26.22B | 26.04B | 26.24B | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.32T | $1.21T | $1.07T | $960.91B | +9.0% |
| Property, plant & equipment | $141.91B | $140.50B | $126.91B | $111.77B | +1.0% |
| Goodwill & intangibles | $15.95B | $16.36B | $17.05B | $17.97B | -2.5% |
| Total assets | $13.07T | $12.15T | $11.03T | $10.14T | +7.6% |
| Total debt | $405.44B | $471.07B | $436.55B | $443.86B | -13.9% |
| Total liabilities | $11.79T | $10.92T | $9.94T | $9.18T | +8.0% |
| Retained earnings | $679.81B | $634.08B | $568.37B | $492.97B | +7.2% |
| Shareholder equity | $1.27T | $1.23T | $1.08T | $945.50B | +3.8% |
| Net tangible assets | $1.26T | $1.21T | $1.06T | $927.54B | +3.9% |
| Shares issued | 25.22B | 25.22B | 25.22B | 25.22B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $151.13B | $149.56B | $148.01B | $139.29B | +1.0% |
| Depreciation & amortisation | $15.39B | $15.59B | $15.44B | $14.61B | -1.3% |
| Change in working capital | $360.36B | $357.24B | $253.75B | $446.85B | +0.9% |
| Operating cash flow | $451.46B | $447.02B | $357.75B | $570.14B | +1.0% |
| Capital expenditure | -$28.14B | -$34.93B | -$30.16B | -$34.89B | +19.4% |
| Investing cash flow | -$324.92B | -$292.86B | -$255.11B | -$513.93B | -10.9% |
| Dividends paid | -$61.75B | -$61.03B | -$56.34B | -$56.50B | -1.2% |
| Financing cash flow | -$169.94B | $2.15B | -$72.99B | -$297.03B | -8,007.8% |
| Free cash flow | $423.32B | $412.09B | $327.59B | $535.25B | +2.7% |
| End cash position | $709.82B | $756.53B | $599.02B | $567.20B | -6.2% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $86.94B | $80.64B | $84.55B | $83.75B | $82.15B | +7.8% |
| Operating revenue | $86.94B | $80.64B | $84.55B | $83.75B | $82.15B | +7.8% |
| Selling, general & admin | $24.75B | -$44.24B | -$8.30B | $23.99B | -$44.17B | +155.9% |
| Total operating expense | $27.43B | $35.67B | $29.73B | $26.65B | $35.48B | -23.1% |
| Pre-tax income | $44.68B | $43.90B | $44.66B | $44.24B | $44.58B | +1.8% |
| Tax provision | $6.63B | $7.32B | $6.77B | $6.73B | $9.06B | -9.4% |
| Net income | $37.85B | $36.41B | $37.64B | $37.29B | $35.21B | +4.0% |
| Net income to common | $37.85B | $36.41B | $37.64B | $37.29B | $35.21B | +4.0% |
| Basic EPS | 1.49 | — | — | 1.48 | — | — |
| Diluted EPS | 1.49 | — | — | 1.48 | — | — |
| Basic shares | 25.40B | — | — | 25.19B | — | — |
| Diluted shares | 25.40B | — | — | 25.19B | — | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.36T | $1.32T | $1.24T | $1.16T | $1.21T | +2.9% |
| Property, plant & equipment | $138.04B | $141.91B | $136.02B | $138.83B | $140.50B | -2.7% |
| Goodwill & intangibles | $15.81B | $15.95B | $16.11B | $16.25B | $16.36B | -0.9% |
| Total assets | $13.48T | $13.07T | $12.66T | $12.53T | $12.15T | +3.2% |
| Total debt | $435.47B | $405.44B | $433.19B | $438.32B | $471.07B | +7.4% |
| Total liabilities | $12.19T | $11.79T | $11.36T | $11.28T | $10.92T | +3.4% |
| Retained earnings | $717.07B | $679.81B | $656.27B | $671.19B | $634.08B | +5.5% |
| Shareholder equity | $1.28T | $1.27T | $1.29T | $1.25T | $1.23T | +0.7% |
| Net tangible assets | $1.27T | $1.26T | $1.27T | $1.23T | $1.21T | +0.8% |
| Shares issued | 25.22B | 25.22B | 25.22B | 25.22B | 25.22B | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Operating cash flow | $125.85B | $275.32B | $39.44B | $95.03B | $159.79B | -54.3% |
| Capital expenditure | -$5.42B | -$12.42B | -$4.11B | -$3.10B | -$8.88B | +56.3% |
| Investing cash flow | -$87.43B | $559.00M | $25.54B | -$199.93B | -$171.35B | -15,740.4% |
| Dividends paid | -$26.78B | -$6.59B | -$1.82B | -$864.00M | -$4.51B | -306.6% |
| Financing cash flow | -$26.67B | -$27.29B | $27.29B | -$48.66B | -$4.07B | +2.3% |
| Free cash flow | $120.42B | $262.90B | $35.33B | $91.93B | $150.91B | -54.2% |
| End cash position | $720.47B | $709.82B | $694.92B | $602.89B | $756.53B | +1.5% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | 1.59 | 1.49 | -6.3% |
| Dec 2025 | 1.47 | 1.27 | -13.6% |
| Sep 2025 | 1.54 | 1.54 | 0.0% |
| Jun 2025 | 1.50 | 1.41 | -6.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.50 | 1 | $87.08B | +1.0% |
| Next quarter | 1.65 | 1 | $86.61B | +6.3% |
| Current year | 5.93 | 7 | $348.31B | +3.2% |
| Next year | 6.29 | 18 | $371.36B | +6.7% |
Analyst targets & ownership
Mean target$52.94
High target$64.00
Low target$43.44
Implied upside36.07%
Analyst count19
ConsensusSTRONG BUY
Strong buy / Buy7 / 16
Hold0
Sell / Strong sell0 / 0
Held by insiders44.71%
Held by institutions15.28%
Institutions holding370
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
38.72
+0.49% from price
SMA 20
39.10
-0.51% from price
SMA 50
38.18
+1.89% from price
SMA 100
38.38
+1.39% from price
SMA 200
39.59
-1.74% from price
EMA 12
38.81
+0.26% from price
EMA 26
38.71
+0.51% from price
EMA 50
38.52
+1.01% from price
RSI (14)
52.2
Neutral
MACD (12,26,9)
0.10
Hist -0.08
ATR (14)
0.56
1.44% of price
Realised vol 30D
20.6%
Annualised
Bollinger upper
40.28
20, 2σ
Bollinger lower
37.92
20, 2σ
50 / 200 cross
Death
38.18 vs 39.59
Trend bias
Below 200
-1.74%
Risk profile
Beta vs SPY
0.04
Less volatile than market
Correlation to SPY
0.03
Largely independent
Realised vol 30D
20.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-20.3%
Peak to trough
Max drawdown 5Y
-51.5%
Peak to trough
ATR 14
0.56
1.44% of price
Beta (reported)
0.46
5Y monthly, from filing
Dividends & splits
Forward rate$4.02 / yr
Forward yield10.32%
5-year avg yield4.84%
Payout ratio52.77%
Ex-dividend dateJul 10, 2026
Next pay date—
Last split13:10
Split dateJul 3, 2009
Headlines
National Atomic Co Kazatomprom JSC (NATKY) (Q2 2026) Earnings Call Highlights: Production ...
GuruFocus.com · 3m ago
AREIT Inc (PHS:AREIT) (Q2 2026) Earnings Call Highlights: Revenue Surges 30% on Strategic Asset ...
GuruFocus.com · 3m ago
Eltek Ltd (ELTK) (Q2 2026) Earnings Call Highlights: Navigating Operational Challenges Amid ...
GuruFocus.com · 3m ago
Red Cat CEO Jeffrey Thompson Sells 150,000 Shares for $1.6 Million as the Stock Soars 24%
Motley Fool · 18m ago
Cisco & Cerebras Orders Up, Stocks Down
Motley Fool · 30m ago
Don’t Sell SanDisk Corporation (NASDAQ:SNDK) Because A Billionaire Did So, Says Jim Cramer
Insider Monkey · 36m ago
Jim Cramer Wasn’t Happy About Chevron Corporation (NYSE:CVX) Price Target Cut
Insider Monkey · 38m ago
$5,000 in Bloom Energy at Its COVID-Era Low Would Be Worth This Much Now
Motley Fool · 39m ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.