China Mobile (0941.HK)

Communications · HKEX · Hong Kong

HK$80.15-0.80% today

Fundamentals

Market capHK$1.70T

P/E ratio10.8

Dividend yield6.40%

Revenue growth (YoY)+1.0%

Profit margin12.9%

Return on equity9.6%

52-week rangeHK$75.55 to HK$90.60

Next earnings2026-07-21

Valuation and ratings

DCF fair valueHK$87.91

Upside to fair value+9.7%

Analyst target (mean)HK$96.68

Analyst rangeHK$80.47 to HK$115.11

Analysts covering15

Consensus viewnone

Moat score50/100

Overall rating61/100, Buy

China Mobile trades at HK$80.15, close to the HK$87.91 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.

Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 10.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About China Mobile

China Mobile Limited provides communication, computing, and AI services in Mainland China and Hong Kong. It offers communications services, including mobile communications, broadband networks, cellular IoT, and satellite Internet; computing services comprising data centers, cloud computing services, and cloud computing applications; and AI services, such as data algorithms, embodied intelligence, digital intelligence culture, digital intelligence e-commerce, and industry digital intelligence services. 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 operates as a subsidiary of China Mobile Hong Kong (BVI) Limited.

Industry: Telecom ServicesEmployees: 461,345HQ: Hong Kong

0941.HK passes 5 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

Low volatility defensives

Companies that move less than the market and pay you to wait. The holdings that let you sleep, and let you hold everything else.

China and Hong Kong

Enormous growth, and a structure in which you may not legally own the company you think you bought. Both are true at once.

Dividend aristocrats

Companies with long, unbroken records of raising their dividend. The record is the point: it is evidence, not a promise.

Mega-cap leaders

The largest companies on earth. Enormously profitable, exhaustively analysed, and mathematically constrained in how much bigger they can get.

Common questions

Is China Mobile (0941.HK) undervalued?

Against our discounted cash flow estimate of HK$87.91, 0941.HK at HK$80.15 is 10% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is 0941.HK's P/E ratio?

0941.HK trades at 10.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.