CITIC SECURITIES COMPANY LIMITED Financials CITIC Securities Company Limited Hong Kong S.E.
Equities
6030
CNE1000016V2
Investment Banking & Brokerage Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.36 HKD | +0.75% |
|
+0.30% | -16.19% |
| 06:58am | Chinese Listed Companies Disclose Data Asset Information in Financial Reports for First Time | MT |
| 05-20 | Citic Posts Small Rise in Quarterly Net Profit | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 285,128 | 346,599 | 318,997 | 279,483 | 286,433 | 266,944 | - | - |
| Enterprise Value (EV) 1 | 512,055 | 524,490 | 531,054 | 509,610 | 248,983 | 167,663 | 85,783 | 85,643 |
| P/E ratio | 25 x | 25.3 x | 14.9 x | - | 15.7 x | 13.6 x | 12.3 x | 11.7 x |
| Yield | 1.98% | 1.36% | 2.04% | 2.46% | 2.33% | 2.68% | 3.24% | 3.29% |
| Capitalization / Revenue | 6.61 x | 6.37 x | 4.17 x | 3.65 x | 4.77 x | 4.36 x | 3.99 x | 3.43 x |
| EV / Revenue | 11.9 x | 9.64 x | 6.94 x | 6.65 x | 4.15 x | 2.74 x | 1.28 x | 1.1 x |
| EV / EBITDA | 27,764,360 x | 23,684,077 x | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.9 x | 2.09 x | 1.63 x | 1.23 x | 1.2 x | 1.04 x | 0.97 x | 0.92 x |
| Nbr of stocks (in thousands) | 12,116,908 | 12,926,776 | 12,926,776 | 14,820,547 | 14,820,547 | 14,820,547 | - | - |
| Reference price 2 | 25.30 | 29.40 | 26.41 | 19.91 | 20.37 | 19.24 | 19.24 | 19.24 |
| Announcement Date | 1/13/20 | 1/22/21 | 1/12/22 | 1/12/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 43,140 | 54,383 | 76,524 | 76,605 | 60,068 | 62,384 | 74,354 | 71,476 |
| EBITDA | 18,443 | 22,145 | - | - | - | - | - | - |
| EBIT 1 | 17,011 | 20,638 | 32,425 | 28,277 | 26,114 | 27,291 | 30,375 | 29,270 |
| Operating Margin | 39.43% | 37.95% | 42.37% | 36.91% | 43.47% | 43.75% | 40.85% | 40.95% |
| Earnings before Tax (EBT) 1 | 16,995 | 20,470 | 31,894 | 28,950 | 26,185 | 27,429 | 31,021 | 32,514 |
| Net income 1 | 12,229 | 14,902 | 23,100 | 21,317 | 19,721 | 21,519 | 25,409 | 24,619 |
| Net margin | 28.35% | 27.4% | 30.19% | 27.83% | 32.83% | 34.49% | 34.17% | 34.44% |
| EPS 2 | 1.010 | 1.160 | 1.770 | - | 1.300 | 1.415 | 1.566 | 1.646 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.5000 | 0.4000 | 0.5400 | 0.4900 | 0.4750 | 0.5147 | 0.6243 | 0.6331 |
| Announcement Date | 1/13/20 | 1/22/21 | 1/12/22 | 1/12/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,758 | - | 19,669 | 14,936 | - | 41,720 | 15,348 | 16,152 | 31,500 | 14,307 | 14,261 | 13,755 | 14,873 | 14,208 | 14,149 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | 13,036 | - | - | 15,125 | - | - | 6,634 | 7,160 | 6,750 | 5,599 |
| Operating Margin | - | - | - | - | - | 31.25% | - | - | 48.02% | - | - | 48.23% | 48.14% | 47.51% | 39.57% |
| Earnings before Tax (EBT) | 7,961 | - | 8,320 | - | - | - | 7,337 | - | - | 6,727 | - | - | - | - | - |
| Net income | 5,334 | - | 5,967 | 5,371 | - | - | - | - | 11,306 | 5,108 | - | 4,959 | - | - | - |
| Net margin | 28.43% | - | 30.34% | 35.96% | - | - | - | - | 35.89% | 35.7% | - | 36.05% | - | - | - |
| EPS 2 | 0.4100 | 0.3600 | 0.4000 | 0.3500 | 0.3000 | 0.6600 | 0.3600 | 0.3900 | 0.7500 | 0.3300 | 0.2200 | 0.3200 | 0.3950 | 0.3850 | 0.3500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/12/22 | 4/12/22 | 8/29/22 | 10/28/22 | 1/12/23 | 1/12/23 | 4/27/23 | 8/29/23 | 8/29/23 | 10/30/23 | 1/24/24 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 226,927 | 177,892 | 212,057 | 230,126 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 37,450 | 99,280 | 181,161 | 181,301 |
| Leverage (Debt/EBITDA) | 12.3 x | 8.033 x | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.77% | 8.68% | 12% | 8.67% | 7.8% | 7.64% | 8.81% | 9.54% |
| ROA (Net income/ Total Assets) | 1.69% | 1.62% | 1.97% | 1.65% | 1.43% | 1.37% | 1.4% | 1.4% |
| Assets 1 | 722,304 | 922,345 | 1,171,143 | 1,293,454 | 1,380,826 | 1,573,575 | 1,814,918 | 1,758,474 |
| Book Value Per Share 2 | 13.30 | 14.10 | 16.20 | 16.20 | 17.00 | 18.60 | 19.90 | 21.00 |
| Cash Flow per Share 2 | 1.810 | 7.920 | 2.200 | 5.300 | - | 1.530 | 1.630 | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/13/20 | 1/22/21 | 1/12/22 | 1/12/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
19.24
CNY
Average target price
24.44
CNY
Spread / Average Target
+27.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.88% | 165B | |
| +21.94% | 160B | |
| +14.68% | 144B | |
| +25.86% | 123B | |
| +11.92% | 25.87B | |
| -1.88% | 21.14B | |
| +18.46% | 20.14B | |
| +44.91% | 17.25B | |
| +0.65% | 16.19B |
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