⚠️ Not investment advice. This is a quantitative research tool; every decision is the user's own responsibility. Past performance does not guarantee future results.⚠️ Not investment advice. Past performance does not guarantee future results.
⚠️ Not investment advice. Past performance does not guarantee future results.
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China Mobile 0941.HK

Hong Kong Communication Services
7.1/10
AI Analyst score
79.25 HKD
Last price at analysis date · analyst target 96.98 (+22.4%)
🛒 Where to buy 0941.HKHong Kong
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🟡 HOLD — Hold for dividend-oriented investors (yield 6.84%) who accept governance risk; it is not a growth story.

China Mobile is China's largest mobile telecommunications operator, offering voice, data, and broadband services to hundreds of millions of subscribers, with a business model based on recurring revenue from tariffs and value-added services. China Mobile shows solid financial health (score 8.52) with net cash (ND/EBITDA -0.86) and attractive valuation (P/E 11.21, EV/EBITDA 4.80), but growth is negative (revenue -3.0%, earnings -7.1%) and governance risk due to its Chinese state-owned status is high.

Financial health
8.5
Quality / Moat
5.0
Valuation
8.4
Growth
3.1
Dividend
8.0
Momentum
4.7
Risk & Context
7.0

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E11.21
Fwd P/E10.92
EV/EBITDA4.80
P/B1.03
P/S1.41
PEGN/D
Market cap1.72 T HKD
Enterprise value1.25 T CNY
🏰 Quality and moat
ROIC (approx.)12.3%
Gross margin27.76%
FCF conversion41%
Operating margin18.04%
📈 Profitability and margins
ROE9.35%
ROA4.06%
Net margin12.62%
FCF106.97 B CNY
FCF yield7.28%
🏦 Solvency and liquidity
Total debt98.83 B CNY
Net debt-223.90 B CNY
Cash322.72 B CNY
EBITDA259.63 B CNY
Net debt / EBITDA-0.86
D/E6.93
Current ratio0.88
Quick ratio0.78
🚀 Growth
Revenue growth-3.00%
Earnings growth-7.10%
EPS (TTM)7.07 HKD
EPS (Fwd)7.26 HKD
💰 Dividend and risk
Dividend yield6.84%
Payout77.4%
Beta0.26
Analyst consensusBuy (15)
Target price96.98 HKD
52-week range75.55 HKD – 88.90 HKD
⚠️ Main risk: Governance risk: Chinese state-owned enterprise with weak minority shareholder protection, which may limit value distribution to shareholders.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

China Mobile is China's largest mobile telecommunications operator, offering voice, data, and broadband services to hundreds of millions of subscribers, with a business model based on recurring revenue from tariffs and value-added services. China Mobile shows solid financial health (score 8.52) with net cash (ND/EBITDA -0.86) and attractive valuation (P/E 11.21, EV/EBITDA 4.80), but growth is negative (revenue -3.0%, earnings -7.1%) and governance risk due to its Chinese state-owned status is high.

Score by category

CategoryScore
Financial health8.5
Quality / Moat5.0
Valuation8.4
Growth3.1
Dividend8.0
Momentum4.7
Risk & Context7.0

OVERALL SCORE: 7.1/10

Context and risks

Elevated governance risk in Hong Kong. China Mobile is a Chinese state-owned company domiciled in Hong Kong; institutional quality and minority protection in China are weak, justifying a strong penalty for governance risk.

News considered in the analysis

  • Deutsche Telekom exploring merger with T-Mobile, Bloomberg News reports — Noticia sobre un competidor global; sin impacto directo demostrable en los fundamentales de China Mobile.
  • China Mobile (SEHK:941): A Closer Look at Valuation After Steady Share Price Gains This Year — Análisis de valoración sin información nueva; no aporta hechos materiales.

Verdict: Hold for dividend-oriented investors (yield 6.84%) who accept governance risk; it is not a growth story.

Main risk: Governance risk: Chinese state-owned enterprise with weak minority shareholder protection, which may limit value distribution to shareholders.

Other Communication Services companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.