China Merchants Land Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,324	1,324	1,300	1,447	2,698	3,630
Market Cap Growth	5.88%	1.89%	-10.17%	-46.36%	-25.68%	-35.09%
Enterprise Value	52,098	52,098	59,863	71,661	73,004	69,846
Last Close Price	0.27	0.27	0.27	0.28	0.49	0.61
PE Ratio	-	-	-	9.85	7.24	5.28
Forward PE	-	6.04	6.04	6.04	6.04	6.04
PS Ratio	0.06	0.05	0.06	0.05	0.08	0.11
PB Ratio	0.04	0.04	0.04	0.04	0.07	0.09
P/TBV Ratio	0.16	0.21	0.15	0.14	0.25	0.31
P/FCF Ratio	-	-	0.19	-	0.47	-
P/OCF Ratio	-	-	0.19	-	0.46	-
EV/Sales Ratio	2.34	1.78	2.72	2.26	2.16	2.19
EV/EBITDA Ratio	-	73.97	-	22.90	20.86	14.69
EV/EBIT Ratio	-	105.67	-	24.64	22.19	15.42
EV/FCF Ratio	-	-	8.59	-	12.61	-
Debt / Equity Ratio	1.04	1.04	1.10	1.06	1.12	1.42
Debt / EBITDA Ratio	50.07	50.07	-	12.92	11.64	12.08
Debt / FCF Ratio	-	-	5.55	-	7.13	-
Net Debt / Equity Ratio	0.68	0.68	0.71	0.76	0.74	0.99
Net Debt / EBITDA Ratio	32.50	32.50	-261.02	9.44	7.80	8.65
Net Debt / FCF Ratio	-	-	3.61	-47.31	4.72	-5.47
Asset Turnover	0.22	0.22	0.16	0.22	0.22	0.21
Inventory Turnover	0.45	0.45	0.31	0.38	0.38	0.34
Quick Ratio	0.34	0.34	0.37	0.27	0.45	0.44
Current Ratio	1.33	1.33	1.46	1.32	1.52	1.50
Return on Equity (ROE)	-6.71%	-6.71%	-4.95%	3.69%	5.20%	4.86%
Return on Assets (ROA)	0.23%	0.23%	-0.14%	1.25%	1.35%	1.85%
Return on Invested Capital (ROIC)	0.87%	0.82%	-0.47%	2.07%	2.72%	2.65%
Return on Capital Employed (ROCE)	0.80%	0.80%	-0.40%	4.20%	4.30%	5.80%
Earnings Yield	-145.12%	-184.94%	-151.51%	10.16%	13.81%	18.96%
FCF Yield	-	-	535.93%	-43.13%	214.58%	-207.15%
Dividend Yield	-	-	-	4.24%	6.10%	9.85%
Payout Ratio	-	-	-	300.89%	265.98%	51.13%
Buyback Yield / Dilution	-	-0.00%	-	-	-	-
Total Shareholder Return	-	-0.00%	-	4.24%	6.10%	9.85%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.