Loading...

We've got a brand new version of Simply Wall St! Try it out

China Mobile

DB:CTMA
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTMA
DB
HK$1,261B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
CTMA Share Price and Events
7 Day Returns
-6.1%
DB:CTMA
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-18%
DB:CTMA
1.1%
Europe Wireless Telecom
9.9%
DE Market
CTMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Mobile (CTMA) -6.1% -6.6% -6.7% -18% -33% -32.8%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • CTMA underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • CTMA underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
CTMA
Industry
5yr Volatility vs Market

CTMA Value

 Is China Mobile undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Mobile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Mobile.

DB:CTMA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CTMA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 25%) (7.08%))
0.567
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:CTMA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Mobile is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CTMA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.55%)
2020 88,192.00 Analyst x11 83,556.30
2021 99,199.63 Analyst x8 89,045.10
2022 97,069.45 Analyst x1 82,552.94
2023 95,778.09 Est @ -1.33% 77,173.13
2024 94,951.67 Est @ -0.86% 72,485.74
2025 94,443.12 Est @ -0.54% 68,307.80
2026 94,153.64 Est @ -0.31% 64,518.92
2027 94,016.03 Est @ -0.15% 61,038.22
2028 93,984.15 Est @ -0.03% 57,810.21
2029 94,026.12 Est @ 0.04% 54,795.95
Present value of next 10 years cash flows CN¥711,284.00
DB:CTMA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥94,026.12 × (1 + 0.23%) ÷ (5.55% – 0.23%)
CN¥1,771,438.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,771,438.00 ÷ (1 + 5.55%)10
CN¥1,032,347.41
DB:CTMA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥711,284.00 + CN¥1,032,347.41
CN¥1,743,631.41
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,743,631.41 / 20,475.48
CN¥85.16
DB:CTMA Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:941)
1.114
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥85.16 x 1.114
HK$94.9
Non-primary Listing Adjustment Factor 1 share in DB:CTMA represents 0.5487x of SEHK:941
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.5487x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 94.90 x 0.5487
€52.07
Value per share (EUR) From above. €52.07
Current discount Discount to share price of €33.80
= -1 x (€33.80 - €52.07) / €52.07
35.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Mobile is available for.
Intrinsic value
35%
Share price is €33.8 vs Future cash flow value of €52.07
Current Discount Checks
For China Mobile to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Mobile's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Mobile's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Mobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Mobile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CTMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥5.11
SEHK:941 Share Price ** SEHK (2019-11-18) in HKD HK$61.6
SEHK:941 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥55.27
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Mobile.

DB:CTMA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:941 Share Price ÷ EPS (both in CNY)

= 55.27 ÷ 5.11

10.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Mobile is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • China Mobile is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Mobile's expected growth come at a high price?
Raw Data
DB:CTMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
4.3%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:CTMA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.82x ÷ 4.3%

2.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Mobile is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on China Mobile's assets?
Raw Data
DB:CTMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥52.75
SEHK:941 Share Price * SEHK (2019-11-18) in HKD HK$61.6
SEHK:941 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥55.27
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:CTMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:941 Share Price ÷ Book Value per Share (both in CNY)

= 55.27 ÷ 52.75

1.05x

* Primary Listing of China Mobile.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Mobile is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess China Mobile's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. China Mobile has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CTMA Future Performance

 How is China Mobile expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Mobile expected to grow at an attractive rate?
  • China Mobile's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Mobile's earnings growth is positive but not above the Germany market average.
  • China Mobile's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CTMA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CTMA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 4.3%
DB:CTMA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 4%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CTMA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CTMA Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 864,970 275,549 118,758 1
2022-12-31 858,329 269,837 135,220 4
2021-12-31 793,492 276,056 114,222 20
2020-12-31 765,458 268,108 110,646 23
2019-12-31 742,624 259,562 108,087 12
2019-11-18
DB:CTMA Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 735,819 104,581
2019-06-30 734,414 214,016 108,203
2019-03-31 736,319 115,681
2018-12-31 736,819 206,151 117,781
2018-09-30 738,714 117,179
2018-06-30 743,475 225,566 117,245
2018-03-31 742,014 115,279
2017-12-31 740,514 245,514 114,279
2017-09-30 735,221 112,741
2017-06-30 726,941 248,067 110,844
2017-03-31 714,921 109,641
2016-12-31 708,421 253,701 108,741

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Mobile's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • China Mobile's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CTMA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from China Mobile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CTMA Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.80 5.80 5.80 1.00
2022-12-31 6.60 8.35 5.69 3.00
2021-12-31 5.58 6.34 4.53 16.00
2020-12-31 5.42 6.20 4.65 19.00
2019-12-31 5.27 5.94 4.79 19.00
2019-11-18
DB:CTMA Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 5.11
2019-06-30 5.28
2019-03-31
2018-12-31 5.75
2018-09-30
2018-06-30 5.73
2018-03-31
2017-12-31 5.58
2017-09-30
2017-06-30 5.41
2017-03-31
2016-12-31 5.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Mobile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Mobile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Mobile has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CTMA Past Performance

  How has China Mobile performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Mobile's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Mobile's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • China Mobile's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Mobile's 1-year earnings growth is negative, it can't be compared to the Europe Wireless Telecom industry average.
Earnings and Revenue History
China Mobile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Mobile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CTMA Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 735,819.00 104,581.00 123,898.00
2019-06-30 734,414.00 108,203.00 125,381.00
2019-03-31 736,319.00 115,681.00 123,898.00
2018-12-31 736,819.00 117,781.00 123,898.00
2018-09-30 738,714.00 117,179.00 122,573.00
2018-06-30 743,475.00 117,245.00 88,714.00
2018-03-31 742,014.00 115,279.00 122,573.00
2017-12-31 740,514.00 114,279.00 122,573.00
2017-09-30 735,221.00 112,741.00 112,452.00
2017-06-30 726,941.00 110,844.00 116,854.00
2017-03-31 714,921.00 109,641.00 112,452.00
2016-12-31 708,421.00 108,741.00 112,452.00
2016-09-30 690,835.00 111,239.00 79,483.00
2016-06-30 692,995.00 111,775.00 120,682.00
2016-03-31 682,535.00 108,639.00 79,483.00
2015-12-31 668,335.00 108,539.00 100,151.00
2015-09-30 683,614.00 111,138.00 19,138.00
2015-06-30 672,519.00 108,812.00 80,049.00
2015-03-31 652,468.50 104,147.00 65,743.50
2014-12-31 651,509.00 109,218.00 93,211.00
2014-09-30 651,631.50 112,762.00 106,973.50
2014-06-30 651,754.00 116,306.00 120,736.00
2014-03-31 640,965.50 118,999.00 113,581.00
2013-12-31 630,177.00 121,692.00 106,426.00
2013-09-30 620,324.50 125,946.00 100,845.50
2013-06-30 610,472.00 130,200.00 95,265.00
2013-03-31 596,153.50 129,737.00 94,124.50
2012-12-31 581,835.00 129,274.00 92,984.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Mobile has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Mobile used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • China Mobile's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Mobile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Mobile has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CTMA Health

 How is China Mobile's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Mobile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Mobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Mobile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Mobile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • China Mobile has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Mobile Company Filings, last reported 1 month ago.

DB:CTMA Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,083,602.00 80,151.00 425,061.00
2019-06-30 1,083,602.00 0.00 425,061.00
2019-03-31 1,055,809.00 0.00 425,614.00
2018-12-31 1,055,809.00 0.00 425,614.00
2018-09-30 1,035,027.00 0.00 468,770.00
2018-06-30 1,035,027.00 0.00 468,770.00
2018-03-31 988,881.00 0.00 465,637.00
2017-12-31 988,881.00 0.00 465,637.00
2017-09-30 1,021,528.00 5,000.00 478,069.00
2017-06-30 1,021,528.00 5,000.00 478,069.00
2017-03-31 982,138.00 10,550.00 457,607.00
2016-12-31 982,138.00 4,998.00 457,607.00
2016-09-30 960,006.00 4,996.00 465,619.00
2016-06-30 960,006.00 4,996.00 465,619.00
2016-03-31 920,368.00 4,995.00 422,339.00
2015-12-31 920,368.00 12,269.00 422,339.00
2015-09-30
2015-06-30 894,846.00 4,993.00 457,499.00
2015-03-31 888,983.00 16,302.00 429,319.00
2014-12-31 888,983.00 16,234.00 429,319.00
2014-09-30 888,983.00 16,234.00 429,319.00
2014-06-30 828,096.00 4,991.00 455,371.00
2014-03-31 828,096.00 4,991.00 455,371.00
2013-12-31 790,724.00 4,989.00 419,908.00
2013-09-30 790,724.00 4,989.00 419,908.00
2013-06-30 759,978.00 28,621.00 451,614.00
2013-03-31 759,978.00 28,621.00 451,614.00
2012-12-31 725,309.00 28,619.00 402,903.00
  • China Mobile has no debt.
  • China Mobile has no debt compared to 5 years ago when it was 1.8%.
  • China Mobile has no debt, it does not need to be covered by operating cash flow.
  • China Mobile has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess China Mobile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Mobile has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CTMA Dividends

 What is China Mobile's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.71%
Current annual income from China Mobile dividends. Estimated to be 5.22% next year.
If you bought €2,000 of China Mobile shares you are expected to receive €94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Mobile's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • China Mobile's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CTMA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CTMA Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.28 1.00
2022-12-31 2.82 3.00
2021-12-31 2.89 20.00
2020-12-31 2.97 23.00
2019-12-31 2.77 20.00
2019-11-18
DB:CTMA Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-08-08 2.601 4.489
2019-03-21 2.681 4.369
2018-08-09 2.901 4.398
2018-03-22 2.559 4.496
2017-10-04 2.297 3.707
2017-04-12 2.385 3.296
2017-04-11 2.422 3.229
2017-03-23 2.385 3.129
2016-04-12 2.267 3.061
2016-04-11 2.205 3.082
2016-03-17 2.205 3.107
2015-10-05 2.370 3.318
2015-04-08 2.178 2.688
2015-03-25 2.206 2.698
2015-03-19 2.178 2.715
2014-08-14 2.427 3.194
2014-03-20 2.628 4.350
2013-08-15 2.705 4.360
2013-03-14 2.689 4.165
2012-08-16 2.709 3.933
2012-03-29 2.730 3.943
2012-03-16 2.700 3.995
2012-03-15 2.730 3.977
2011-08-18 2.576 4.113
2011-06-09 2.470 4.126
2011-04-08 2.595 4.362
2011-03-16 2.595 4.307
2010-04-07 2.471 3.677
2009-08-20 2.228 3.369
2009-04-01 2.476 3.695
2009-03-20 2.476 4.194
2009-03-19 2.466 4.318

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of China Mobile's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess China Mobile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Mobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Mobile has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CTMA Management

 What is the CEO of China Mobile's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • China Mobile has no CEO, or we have no data on them.
Management Team

Xin Dong

TITLE
VP, CFO & Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
2.7 yrs

Jie Yang

TITLE
Executive Chairman
AGE
56

Yuhang Wang

TITLE
Executive Director
AGE
58

Grace Wong

TITLE
Company Secretary
TENURE
14.5 yrs

Tiger Lin

TITLE
Chairman of China Mobile International Ltd and CEO of China Mobile International Ltd
Board of Directors Tenure

Average tenure and age of the China Mobile board of directors in years:

2.7
Average Tenure
58
Average Age
  • The average tenure for the China Mobile board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xin Dong

TITLE
VP, CFO & Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
2.7 yrs

Jie Yang

TITLE
Executive Chairman
AGE
56
TENURE
0.7 yrs

Yuhang Wang

TITLE
Executive Director
AGE
58
TENURE
0.1 yrs

Tiger Lin

TITLE
Chairman of China Mobile International Ltd and CEO of China Mobile International Ltd

Moses Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥460K
AGE
69
TENURE
16.7 yrs

Paul Chow

TITLE
Independent Non Executive Director
COMPENSATION
CN¥455K
AGE
73
TENURE
6.5 yrs

Stephen Yiu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥417K
AGE
58
TENURE
2.7 yrs

Qiang Yang

TITLE
Independent Non-Executive Director
AGE
57
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess China Mobile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Mobile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CTMA News

Simply Wall St News

CTMA Company Info

Description

China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others. It also provides wireless Internet service, as well as digital applications comprising music, video, reading, gaming, and animation; wireline broadband services; and wireline voice services. In addition, it offers dedicated line and IDC services to corporate customers in a range of industry sectors; and basic corporate communication products comprising corporate VPMN and SMS, and tailor made solutions. Further, the company provides international telecommunications services, which includes IDD, roaming, Internet, MNC, and value added business services. Additionally, it offers telecommunications network planning, design, and consulting services; roaming clearance, IT system operation, and technology support services; technology platform development and maintenance services; mobile data, and system integration and development services; network construction and maintenance, network planning and optimizing, and training services; electronic communication products design and sale of related products; non-banking financial services; computer hardware and software research and development services; call center services; e-payment, e-commerce, and Internet finance services; and mobile Internet digital content services, as well as operates a network and business coordination center. The company serves 925 million mobile customers and 157 million wireline broadband customers. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. The company was incorporated in 1997 and is based in Central, Hong Kong. China Mobile Limited is a subsidiary of China Mobile Hong Kong (BVI) Limited.

Details
Name: China Mobile Limited
CTMA
Exchange: DB
Founded: 1997
HK$145,337,577,913
20,475,482,897
Website: http://www.chinamobileltd.com
Address: China Mobile Limited
The Center,
60th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 941 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Oct 1997
OTCPK CHLK.F Ordinary Shares Pink Sheets LLC US USD 23. Oct 1997
DB CTM Ordinary Shares Deutsche Boerse AG DE EUR 23. Oct 1997
SWX CHT Ordinary Shares SIX Swiss Exchange CH CHF 23. Oct 1997
SHSC 941 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 23. Oct 1997
SZSC 941 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 23. Oct 1997
NYSE CHL SPON ADR REP 5 ORD HKD0.10 New York Stock Exchange US USD 22. Oct 1997
DB CTMA SPON ADR REP 5 ORD HKD0.10 Deutsche Boerse AG DE EUR 22. Oct 1997
LSE 0HX8 SPON ADR REP 5 ORD HKD0.10 London Stock Exchange GB USD 22. Oct 1997
BMV CHL N SPON ADR REP 5 ORD HKD0.10 Bolsa Mexicana de Valores MX MXN 22. Oct 1997
SGX K3PD SPON ADR REP 5 ORD HKD0.10 Singapore Exchange SG USD 22. Oct 1997
Number of employees
Current staff
Staff numbers
459,152
China Mobile employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:18
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/10/22
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.