China Merchants Securities Co., Ltd.'s (SHSE:600999) Earnings Are Not Doing Enough For Some Investors
Jan 24
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Chinese (SSE) Capital Markets Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies60
- 7D1.3%
- 3M-2.4%
- 1Y22.6%
- YTD0.2%
In the last week, the Capital Markets industry is up 1.3%, with Hithink RoyalFlush Information Network up 5.1%. This means that the industry has gained 23% over the past year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Chinese Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Jan 2025 | CN¥3.3t | CN¥518.5b | CN¥122.5b | 30.9x | 27.2x | 6.4x |
| Mon, 23 Dec 2024 | CN¥3.6t | CN¥513.4b | CN¥118.5b | 33.3x | 30.5x | 7x |
| Wed, 20 Nov 2024 | CN¥3.7t | CN¥513.4b | CN¥118.5b | 33.1x | 30.9x | 7.1x |
| Fri, 18 Oct 2024 | CN¥3.2t | CN¥492.8b | CN¥106.1b | 32.3x | 30.1x | 6.5x |
| Sun, 15 Sep 2024 | CN¥2.4t | CN¥493.4b | CN¥106.0b | 25.6x | 22.4x | 4.8x |
| Tue, 13 Aug 2024 | CN¥2.4t | CN¥489.8b | CN¥111.3b | 28x | 21.6x | 4.9x |
| Thu, 11 Jul 2024 | CN¥2.3t | CN¥489.9b | CN¥111.8b | 26.6x | 20.6x | 4.7x |
| Sat, 08 Jun 2024 | CN¥2.5t | CN¥489.9b | CN¥111.8b | 28.2x | 22.1x | 5x |
| Mon, 06 May 2024 | CN¥2.6t | CN¥483.9b | CN¥110.6b | 31.9x | 23.6x | 5.4x |
| Wed, 03 Apr 2024 | CN¥2.6t | CN¥514.0b | CN¥125.4b | 25.9x | 20.7x | 5x |
| Fri, 01 Mar 2024 | CN¥2.7t | CN¥517.6b | CN¥132.3b | 28.7x | 20.8x | 5.3x |
| Sun, 28 Jan 2024 | CN¥2.7t | CN¥519.7b | CN¥132.4b | 28.5x | 20.3x | 5.2x |
| Tue, 26 Dec 2023 | CN¥2.7t | CN¥521.1b | CN¥133.5b | 27.4x | 19.9x | 5.1x |
| Thu, 23 Nov 2023 | CN¥2.9t | CN¥521.7b | CN¥133.6b | 31x | 21.6x | 5.5x |
| Sat, 21 Oct 2023 | CN¥2.8t | CN¥527.8b | CN¥132.5b | 28.6x | 21.2x | 5.3x |
| Mon, 18 Sep 2023 | CN¥2.9t | CN¥511.2b | CN¥131.4b | 30.3x | 21.7x | 5.6x |
| Wed, 16 Aug 2023 | CN¥3.1t | CN¥535.3b | CN¥140.9b | 26.9x | 22.2x | 5.8x |
| Fri, 14 Jul 2023 | CN¥2.7t | CN¥534.8b | CN¥141.6b | 24.3x | 19.3x | 5.1x |
| Sun, 11 Jun 2023 | CN¥2.7t | CN¥534.1b | CN¥141.4b | 24.6x | 19.2x | 5.1x |
| Tue, 09 May 2023 | CN¥2.9t | CN¥544.1b | CN¥140.3b | 26x | 21x | 5.4x |
| Thu, 06 Apr 2023 | CN¥2.9t | CN¥543.2b | CN¥132.7b | 27.1x | 21.7x | 5.3x |
| Sat, 04 Mar 2023 | CN¥2.8t | CN¥549.7b | CN¥135.9b | 27x | 20.8x | 5.1x |
| Mon, 30 Jan 2023 | CN¥2.8t | CN¥547.6b | CN¥135.8b | 27.1x | 20.8x | 5.2x |
| Wed, 28 Dec 2022 | CN¥2.5t | CN¥549.8b | CN¥136.8b | 24.6x | 18.5x | 4.6x |
| Fri, 25 Nov 2022 | CN¥2.5t | CN¥547.7b | CN¥136.0b | 24.6x | 18.3x | 4.5x |
| Sun, 23 Oct 2022 | CN¥2.4t | CN¥586.9b | CN¥154.3b | 19.3x | 15.6x | 4.1x |
| Tue, 20 Sep 2022 | CN¥2.4t | CN¥587.2b | CN¥154.2b | 19.6x | 15.9x | 4.2x |
| Thu, 18 Aug 2022 | CN¥2.7t | CN¥608.1b | CN¥162.8b | 20.3x | 16.4x | 4.4x |
| Sat, 16 Jul 2022 | CN¥2.6t | CN¥607.8b | CN¥161.5b | 18.6x | 15.8x | 4.2x |
| Mon, 13 Jun 2022 | CN¥2.7t | CN¥611.6b | CN¥161.4b | 19.9x | 17x | 4.5x |
| Wed, 11 May 2022 | CN¥2.5t | CN¥612.3b | CN¥158.0b | 17.5x | 15.7x | 4x |
| Fri, 08 Apr 2022 | CN¥2.8t | CN¥649.3b | CN¥176.1b | 18.2x | 15.7x | 4.3x |
| Sun, 06 Mar 2022 | CN¥2.9t | CN¥626.3b | CN¥174.0b | 20x | 16.6x | 4.6x |
| Tue, 01 Feb 2022 | CN¥2.9t | CN¥621.5b | CN¥169.2b | 21.8x | 17.3x | 4.7x |
Price to Earnings Ratio
17.3x
Current Industry PE
- Investors are optimistic on the Chinese Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.2x which is higher than its 3-year average PE of 20.5x.
- The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 10% per year over the last three years,
- Revenues have also declined 5.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Financials industry?
| CN Market | 0.25% | |
| Financials | 0.66% | |
| Capital Markets | 1.31% | |
| Financial Exchanges and Data | 2.38% | |
| Investment Banking and Brokerage | 1.19% | |
| Asset Management | -1.53% | |
| Diversified Capital Markets | -2.18% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 36.5x.
- Analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings decline of 10.0% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 22.4x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Diversified Capital Markets industry is expected to see its earnings grow by 4.4% 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 | |
|---|---|---|---|---|---|
| 300059 East Money InformationLtd | CN¥24.09 | 2.8% +CN¥10.3b | 83.6% | PE47.4x | |
| 300033 Hithink RoyalFlush Information Network | CN¥303.00 | 4.3% +CN¥6.7b | 138.1% | PE127x | |
| 601211 Guotai Junan Securities | CN¥18.23 | 3.6% +CN¥5.6b | 21.0% | PE16.9x | |
| 002945 ChinaLin Securities | CN¥15.83 | 11.7% +CN¥4.5b | 6.8% | PE291x | |
| 600999 China Merchants Securities | CN¥18.39 | 2.8% +CN¥4.3b | 36.0% | PE15.4x |
