China Minsheng Banking Corp Ltd (600016) fair value: what the stock is really worth
We calculate from audited financials what China Minsheng Banking Corp Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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China Minsheng Banking Corp Ltd
600016 · SHGCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ¥3.10 – ¥5.55 · fair‑value band ¥5.33 – ¥8.87 · the ¥3.50 price screens below the ¥7.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Company profile
China Minsheng Banking Corp., Ltd. provides banking products and services in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.
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China Minsheng Banking Corp., Ltd. provides banking products and services in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments. Its deposit products include saving accounts, deposit books and certificates, contracted and agreement deposits, call deposits, and corporate term and current deposits. The company also offers personal housing mortgage, individual automobile purchase, and household composite; corporate loans; medium and long term, and short-term working capital loans, as well as debit and credit cards. In addition, it provides appointed and domestic remittance, payment and collection agent, clearing, safe deposit box, VIP, and salary and welfare agent card services, as well as internet, mobile, telephone, and self-serve banking services. Further, the company offers gross settlement; wages distribution agency and letter of guarantee; cash management; trade finance; industrial chain finance; international credit; and comprehensive credit granting and financial product investment services. It operates through branch-level institutions, business outlets, general sub-branches, community sub-branches, and small business sub-branches. The company serves individuals, corporate customers, government agencies, and financial institutions, as well as micro-, small-, and medium-sized enterprises. China Minsheng Banking Corp., Ltd. was incorporated in 1996 and is headquartered in Beijing, the People's Republic of China.
Stock analysis
China Minsheng Banking Corp Ltd (600016) currently trades at ¥3.50, while our model-based Fair Value estimate is ¥7.10, implying the stock looks roughly 50.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥12.08 per share, and 6 of the 6 models we run sit above the ¥3.50 price.
Bear case: the Dividend Discount group reads lowest at ¥7.16, and 0 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥5.33 (bear) to ¥8.87 (bull), the price of ¥3.50 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
China Minsheng Banking Corp Ltd reported revenue of 143B CNY in FY2025 versus 321B CNY in FY2021, a compound −18.3%/yr. Reported net income was 30.6B CNY in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap 153B CNY (≈ $22.9B) · P/E ratio 6.0 · P/S ratio 1.27 · EPS (TTM) ¥0.6000 · Dividend yield 5.4% · Net margin 21.4% · Return on equity 4.3% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 103%, 600016 screens cheaper than that median.
Fair Value models
All 6 models by family
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Set up alert →Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 44
Revenue & earnings trend
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Compare China Minsheng Banking Corp Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group DBS19 | 20.20 THB | 6.69 THB | −67% |
| China Merchants Bank Co 3968 | HK$51.35 | HK$78.59 | +53% |
| Intesa Sanpaolo S.p.A ISP | €6.74 | €4.04 | −40% |
| HDFC Bank Limited HDB | $23.16 | $15.60 | −33% |
| BNP Paribas SA BNP | €102.32 | €105.99 | +4% |
| UniCredit S.p.A UCG | €82.92 | €77.62 | −6% |
| Mizuho Financial Group MFG | $11.15 | $9.67 | −13% |
| ICICI Bank Limited ICICIBANK | ₹1,359 | ₹636.31 | −53% |
| The PNC Financial Services Group PNC | $231.49 | $159.52 | −31% |
| Oversea-Chinese Banking Corporation O39 | 31.28 SGD | 19.80 SGD | −37% |
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Key figures of China Minsheng Banking Corp Ltd
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