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Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

China Merchants Bank Co., Ltd. provides various banking products and services. It operates in Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company accepts demand, time, call, savings, checking, notice, and RMB 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 internet banking services. It operates 141 branches; 1,681 sub-branches; one branch-level operation center; one representative office; 16,750 visual counters in Mainland China. The company also operates 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; a representative office in Taipei; and a branch in Sydney, Australia. The company was founded in 1987 and is headquartered in Shenzhen, China.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Equity (BVPS) 1.93
2.13
2.26
2.66
2.83
3.19
growth rate 10.4% 6.1% 17.7% 6.4% 12.7%
Avg.PE 6.98
7.85
9.81
9.22
10.44
growth rate 12.5% 25.0% -6.0% 13.2%
ROA 1.00
1.15
1.39
1.46
1.39
1.28
1.13
1.09
1.15
1.24
1.31
growth rate 15.0% 20.9% 5.0% -4.8% -7.9% -11.7% -3.5% 5.5% 7.8% 5.7%
ROE 21.17
22.73
24.17
24.78
22.21
19.28
17.09
16.27
16.54
16.92
17.15
growth rate 7.4% 6.3% 2.5% -10.4% -13.2% -11.4% -4.8% 1.7% 2.3% 1.4%
Leverage 22.29
17.93
16.94
17.00
15.13
15.05
15.17
14.77
14.12
13.33
12.85
growth rate -19.6% -5.5% 0.4% -11.0% -0.5% 0.8% -2.6% -4.4% -5.6% -3.6%
Balance Sheet Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Acct.Receivable 1,621.00
358.00
360.00
358.00
321.00
295.00
321.00
314.00
growth rate -77.9% 0.6% -0.6% -10.3% -8.1% 8.8% -2.2%
Acct.Payable 2,794,650.00
3,295,190.00
4,004,906.00
4,287,244.00
4,361,251.00
4,503,463.00
4,869,682.00
5,398,106.00
growth rate 17.9% 21.5% 7.1% 1.7% 3.3% 8.1% 10.9%
Cur.Assets 981,922.00
1,065,552.00
1,338,616.00
1,372,174.00
1,417,884.00
1,238,892.00
1,957,726.00
2,167,063.00
growth rate 8.5% 25.6% 2.5% 3.3% -12.6% 58.0% 10.7%
Total Assets 3,408,099.00
4,016,399.00
4,731,829.00
5,474,978.00
5,942,311.00
6,297,638.00
6,745,729.00
7,417,240.00
growth rate 17.9% 17.8% 15.7% 8.5% 6.0% 7.1% 10.0%
Cash 351,877.00
174,618.00
266,257.00
321,912.00
262,698.00
205,110.00
337,145.00
379,249.00
growth rate -50.4% 52.5% 20.9% -18.4% -21.9% 64.4% 12.5%
Inventory 61.00
62.00
455.00
691.00
864.00
868.00
597.00
768.00
growth rate 1.6% 633.9% 51.9% 25.0% 0.5% -31.2% 28.6%
Cur.Liabilities 3,010,732.00
3,549,746.00
4,205,002.00
4,738,499.00
4,851,119.00
4,973,204.00
5,379,448.00
6,033,841.00
growth rate 17.9% 18.5% 12.7% 2.4% 2.5% 8.2% 12.2%
Liabilities 3,207,698.00
3,750,443.00
4,416,769.00
5,113,220.00
5,538,949.00
5,814,246.00
6,202,124.00
6,799,533.00
growth rate 16.9% 17.8% 15.8% 8.3% 5.0% 6.7% 9.6%
LT Debt 178,398.00
173,909.00
179,096.00
333,641.00
641,085.00
784,951.00
758,457.00
683,654.00
growth rate -2.5% 3.0% 86.3% 92.2% 22.4% -3.4% -9.9%
Equity 265,465.00
314,404.00
360,806.00
402,350.00
446,145.00
506,053.00
577,236.00
growth rate 18.4% 14.8% 11.5% 10.9% 13.4% 14.1%
Common Shares 20,638.00
21,357.00
22,054.00
21,556.00
22,497.00
25,185.00
25,195.00
25,236.00
25,234.00
25,738.00
25,654.00
growth rate 3.5% 3.3% -2.3% 4.4% 12.0% 0.0% 0.2% 0.0% 2.0% -0.3%
Cash Flow Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Capital Expenditures 6,494.00
8,211.00
8,125.00
9,079.00
17,504.00
16,336.00
17,492.00
23,964.00
growth rate 26.4% -1.1% 11.7% 92.8% -6.7% 7.1% 37.0%
Cash Dividends 13,593.00
15,636.00
16,897.00
17,402.00
18,663.00
22,844.00
25,377.00
growth rate 15.0% 8.1% 3.0% 7.3% 22.4% 11.1%
Cash From OA 249,713.00
119,153.00
272,173.00
400,420.00
-120,615.00
-5,660.00
-35,721.00
4,432.00
growth rate -52.3% 128.4% 47.1% -100.0% 0.0% 0.0% 100.0%
FCF per Share 1.64
1.77
-0.85
0.16
-0.04
0.35
growth rate 7.9% -100.0% 100.0% -100.0% 100.0%
Sale Purchase of Stock 33,658.00
growth rate
FCF 39,529.00
3,424.00
97,070.00
243,219.00
110,942.00
264,048.00
391,341.00
-138,119.00
-21,996.00
-53,213.00
-19,532.00
growth rate -91.3% 2,735.0% 150.6% -54.4% 138.0% 48.2% -100.0% 0.0% 0.0% 0.0%
Income Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Sales 107,784.00
122,389.00
134,182.00
142,204.00
143,561.00
160,971.00
187,726.00
208,637.00
growth rate 13.6% 9.6% 6.0% 1.0% 12.1% 16.6% 11.1%
Op.Income 45,272.00
67,914.00
72,769.00
74,247.00
78,413.00
90,540.00
106,608.00
117,047.00
growth rate 50.0% 7.2% 2.0% 5.6% 15.5% 17.8% 9.8%
IBT 68,425.00
73,431.00
75,079.00
78,963.00
90,680.00
106,497.00
117,132.00
growth rate 7.3% 2.2% 5.2% 14.8% 17.4% 10.0%
Net Income 45,272.00
51,743.00
55,911.00
57,696.00
62,081.00
70,150.00
80,560.00
92,867.00
growth rate 14.3% 8.1% 3.2% 7.6% 13.0% 14.8% 15.3%
EPS 0.88
1.21
1.64
2.10
2.30
2.22
2.29
2.46
2.78
3.13
3.62
growth rate 37.5% 35.5% 28.1% 9.5% -3.5% 3.2% 7.4% 13.0% 12.6% 15.7%
Gross Profit 107,784.00
122,389.00
134,182.00
142,204.00
143,561.00
160,971.00
187,726.00
208,637.00
growth rate 13.6% 9.6% 6.0% 1.0% 12.1% 16.6% 11.1%

Quarterly Statements

Item Name Mar '19 Jun '19 Sep '19 Dec '19 Mar '20
Balance Sheet
Acct.Receivable 92,203.00
128,382.00
314.00
growth rate 18.0% -99.8%
Acct.Payable 4,911,619.00
5,252,427.00
5,289,897.00
5,398,106.00
5,716,589.00
growth rate 6.9% 0.7% 2.1% 5.9%
Cur.Assets 1,716,659.00
1,531,061.00
1,896,919.00
2,167,063.00
1,870,511.00
growth rate -10.8% 23.9% 14.2% -13.7%
Total Assets 6,794,347.00
7,193,181.00
7,305,925.00
7,417,240.00
7,766,114.00
growth rate 5.9% 1.6% 1.5% 4.7%
Cash 15,382.00
164,531.00
14,346.00
379,249.00
17,412.00
growth rate 969.6% -91.3% 2,543.6% -95.4%
Inventory 768.00
growth rate
Cur.Liabilities 5,121,480.00
5,844,952.00
5,507,884.00
6,033,841.00
5,994,152.00
growth rate 14.1% -5.8% 9.6% -0.7%
Liabilities 6,221,311.00
6,619,186.00
6,703,077.00
6,799,533.00
7,117,641.00
growth rate 6.4% 1.3% 1.4% 4.7%
LT Debt 946,812.00
650,918.00
1,044,959.00
683,654.00
1,031,451.00
growth rate -31.3% 60.5% -34.6% 50.9%
Equity 531,981.00
533,821.00
562,360.00
577,236.00
607,966.00
growth rate 0.4% 5.4% 2.7% 5.3%
Common Shares 25,220.00
25,220.00
25,220.00
25,220.00
25,220.00
growth rate 0.0% 0.0% 0.0% 0.0%
Cash Flow Statement Mar '19 Jun '19 Sep '19 Dec '19 Mar '20
Capital Expenditures 2,159.00
6,183.00
6,742.00
8,880.00
903.00
growth rate 186.4% 9.0% 31.7% -89.8%
Cash Dividends 23,832.00
23,832.00
23,832.00
growth rate 0.0% 0.0%
Cash From OA -228,577.00
173,554.00
-439,229.00
498,684.00
87,147.00
growth rate 100.0% -100.0% 100.0% -82.5%
FCF -230,736.00
167,371.00
-445,971.00
489,804.00
86,244.00
growth rate 100.0% -100.0% 100.0% -82.4%
Income Statement Mar '19 Jun '19 Sep '19 Dec '19 Mar '20
Sales 51,467.00
53,099.00
57,095.00
46,976.00
56,249.00
growth rate 3.2% 7.5% -17.7% 19.7%
Op.Income 32,590.00
31,575.00
33,362.00
19,520.00
35,134.00
growth rate -3.1% 5.7% -41.5% 80.0%
IBT 33,067.00
31,806.00
33,802.00
18,457.00
34,903.00
growth rate -3.8% 6.3% -45.4% 89.1%
Net Income 25,240.00
25,372.00
26,627.00
15,628.00
27,795.00
growth rate 0.5% 5.0% -41.3% 77.9%
Gross Profit 51,467.00
53,099.00
57,095.00
46,976.00
56,249.00
growth rate 3.2% 7.5% -17.7% 19.7%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

D (45.13)

YOY Growth Grade:

C (51.33)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 9.73 9.73
EPS / Growth 0.47

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 13.3%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 13.3% 13.3% 13.3%
Future PE 0.01 6.49 12.11
Future EPS 1.65 1.65 1.65
Value Price
MOS %
0.00
2.65
4.94
MOS Price 0.00 1.32 2.47
IRT

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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