Subdued Growth No Barrier To Capital Securities Corporation Limited's (SHSE:601136) Price
Apr 18
Chinese (SSE) Financials Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies105
- 7D2.3%
- 3M1.9%
- 1Y-6.8%
- YTD3.6%
In the last week, the Financials industry is up 3.7%, with Ping An Insurance (Group) Company of China up 4.2%. In the past year, the industry is down 6.9%. Looking forward, earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Chinese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | CN¥6.7t | CN¥3.3t | CN¥841.6b | 15.9x | 7.9x | 2x |
| Fri, 22 Mar 2024 | CN¥6.8t | CN¥4.0t | CN¥848.7b | 15.4x | 8x | 1.7x |
| Sun, 18 Feb 2024 | CN¥6.7t | CN¥3.9t | CN¥839.8b | 15.8x | 7.9x | 1.7x |
| Tue, 16 Jan 2024 | CN¥5.7t | CN¥2.6t | CN¥754.5b | 14.8x | 7.6x | 2.2x |
| Thu, 14 Dec 2023 | CN¥5.9t | CN¥2.6t | CN¥754.6b | 15.2x | 7.8x | 2.3x |
| Sat, 11 Nov 2023 | CN¥6.2t | CN¥2.6t | CN¥754.5b | 16.1x | 8.2x | 2.4x |
| Mon, 09 Oct 2023 | CN¥6.3t | CN¥2.6t | CN¥767.7b | 16x | 8.3x | 2.4x |
| Wed, 06 Sep 2023 | CN¥6.4t | CN¥2.6t | CN¥777.3b | 16.3x | 8.3x | 2.5x |
| Fri, 04 Aug 2023 | CN¥6.8t | CN¥2.6t | CN¥773.0b | 18.1x | 8.8x | 2.6x |
| Sun, 02 Jul 2023 | CN¥6.0t | CN¥2.6t | CN¥770.6b | 14.8x | 7.8x | 2.3x |
| Tue, 30 May 2023 | CN¥6.2t | CN¥2.6t | CN¥771.0b | 15.4x | 8x | 2.4x |
| Thu, 27 Apr 2023 | CN¥6.2t | CN¥2.7t | CN¥749.7b | 16.5x | 8.3x | 2.3x |
| Sat, 25 Mar 2023 | CN¥6.2t | CN¥2.9t | CN¥777.2b | 17.1x | 8x | 2.2x |
| Mon, 20 Feb 2023 | CN¥6.2t | CN¥2.5t | CN¥772.5b | 16.4x | 8.1x | 2.5x |
| Wed, 18 Jan 2023 | CN¥6.5t | CN¥2.5t | CN¥757.2b | 16.6x | 8.6x | 2.7x |
| Fri, 16 Dec 2022 | CN¥6.1t | CN¥2.6t | CN¥729.7b | 15.2x | 8.4x | 2.4x |
| Sun, 13 Nov 2022 | CN¥5.7t | CN¥2.6t | CN¥729.8b | 15.5x | 7.8x | 2.2x |
| Tue, 11 Oct 2022 | CN¥5.6t | CN¥2.6t | CN¥732.2b | 11.8x | 7.6x | 2.2x |
| Thu, 08 Sep 2022 | CN¥6.1t | CN¥2.6t | CN¥738.2b | 13.5x | 8.2x | 2.4x |
| Sat, 06 Aug 2022 | CN¥5.9t | CN¥2.6t | CN¥733.5b | 12.5x | 8.1x | 2.3x |
| Mon, 04 Jul 2022 | CN¥6.6t | CN¥2.6t | CN¥730.6b | 13.8x | 9.1x | 2.6x |
| Wed, 01 Jun 2022 | CN¥6.3t | CN¥2.6t | CN¥730.6b | 12.7x | 8.6x | 2.5x |
| Fri, 29 Apr 2022 | CN¥6.3t | CN¥2.7t | CN¥756.3b | 10.9x | 8.3x | 2.3x |
| Sun, 27 Mar 2022 | CN¥6.6t | CN¥2.8t | CN¥755.2b | 12.3x | 8.8x | 2.3x |
| Tue, 22 Feb 2022 | CN¥7.4t | CN¥2.7t | CN¥759.0b | 13.6x | 9.7x | 2.7x |
| Thu, 20 Jan 2022 | CN¥7.4t | CN¥2.5t | CN¥729.1b | 15x | 10.2x | 3x |
| Sat, 18 Dec 2021 | CN¥7.4t | CN¥2.5t | CN¥726.0b | 15x | 10.2x | 3x |
| Mon, 15 Nov 2021 | CN¥7.3t | CN¥2.5t | CN¥726.4b | 15.2x | 10.1x | 3x |
| Wed, 13 Oct 2021 | CN¥6.9t | CN¥2.4t | CN¥718.3b | 14.1x | 9.6x | 2.8x |
| Fri, 10 Sep 2021 | CN¥7.9t | CN¥2.4t | CN¥717.4b | 16x | 11x | 3.2x |
| Sun, 08 Aug 2021 | CN¥6.8t | CN¥2.4t | CN¥709.5b | 13.4x | 9.6x | 2.8x |
| Sat, 01 May 2021 | CN¥7.3t | CN¥2.4t | CN¥648.3b | 15.8x | 11.3x | 3.1x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Chinese Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.9x which is lower than its 3-year average PE of 8.8x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 9.0% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Financials sector?
| CN Market | 1.63% | |
| Financials | 2.32% | |
| Consumer Finance | 6.14% | |
| Insurance | 3.82% | |
| Diversified Financial | 3.56% | |
| Capital Markets | 2.20% | |
| Banks | 1.93% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 30.6x.
- Analysts are expecting annual earnings growth of 45.5%, which is higher than its past year's earnings decline of 56.1% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 7.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601318 Ping An Insurance (Group) Company of China | CN¥40.60 | 4.2% +CN¥29.9b | -11.3% | PE8.7x | |
| 601601 China Pacific Insurance (Group) | CN¥24.76 | 5.3% +CN¥11.9b | -15.8% | PE8.7x | |
| 600036 China Merchants Bank | CN¥33.46 | 0.5% +CN¥4.0b | -1.1% | PB0.8x | |
| 601336 New China Life Insurance | CN¥30.33 | 3.8% +CN¥3.5b | -9.5% | PE10.9x | |
| 601901 Founder Securities | CN¥8.09 | 4.9% +CN¥3.1b | 19.0% | PE28x |
