Financials Everbright Securities Company Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-06-20 EDT			5-day change	1st Jan Change
15.7 ^CNY	+0.58%		-1.32%	+1.82%

05-29	Everbright Securities among companies in debt risk investigation	RE
05-29	Everbright Securities Update 2023 Final Dividend	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	55,193	76,467	61,786	61,356	63,545	64,682	-	-
Enterprise Value (EV) ¹	55,193	76,467	61,786	61,356	63,545	64,682	64,682	64,682
P/E ratio	109 x	35.6 x	20.7 x	24.4 x	18.8 x	34.9 x	32 x	29.6 x
Yield	0.28%	0.85%	1.53%	1.41%	1.82%	-	-	-
Capitalization / Revenue	5.49 x	4.85 x	3.7 x	5.69 x	6.34 x	6.84 x	5.76 x	6.07 x
EV / Revenue	5.49 x	4.85 x	3.7 x	5.69 x	6.34 x	6.84 x	5.76 x	6.07 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.27 x	1.69 x	1.19 x	1.26 x	1.06 x	1.22 x	1.17 x	1.13 x
Nbr of stocks (in thousands)	4,610,788	4,610,788	4,610,788	4,610,788	4,610,788	4,610,788	-	-
Reference price ²	13.10	18.52	14.93	14.87	15.42	15.70	15.70	15.70
Announcement Date	20-01-22	21-01-26	22-01-21	23-02-14	24-01-24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,057	15,776	16,705	10,780	10,031	9,459	11,225	10,652
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	2,846	5,631	5,429	3,860	2,523	2,364	2,724	3,096
Operating Margin	28.3%	35.69%	32.5%	35.81%	25.15%	24.99%	24.27%	29.06%
Earnings before Tax (EBT) ¹	1,219	4,095	4,691	3,854	4,649	4,866	5,046	5,160
Net income ¹	567.9	2,415	3,501	3,189	4,190	2,872	3,629	3,180
Net margin	5.65%	15.31%	20.96%	29.58%	41.77%	30.36%	32.33%	29.85%
EPS ²	0.1200	0.5200	0.7200	0.6100	0.8200	0.4500	0.4900	0.5300
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.0370	0.1580	0.2280	0.2100	0.2803	-	-	-
Announcement Date	20-01-22	21-01-26	22-01-21	23-02-14	24-01-24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	1.17%	4.83%	6.35%	5.27%	6.91%	4.62%	4.7%	4.71%
ROA (Net income/ Total Assets)	0.28%	1.12%	1.5%	-	-	0.97%	1.04%	1.09%
Assets ¹	205,034	216,254	233,980	-	-	296,086	348,958	291,711
Book Value Per Share ²	10.30	11.00	12.60	11.80	14.60	12.90	13.40	13.90
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	20-01-22	21-01-26	22-01-21	23-02-14	24-01-24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.7 CNY

Average target price

16.75 CNY

Spread / Average Target

+6.69%

	1st Jan change	Capi.
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PJT PARTNERS INC.	+4.35%	2.55B