CITIC Securities Company Limited's (SHSE:600030) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Nov 10
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Chinese (SSE) Financials Sector Analysis
UpdatedNov 27, 2024
DataAggregated Company Financials
Companies105
- 7D-3.8%
- 3M25.5%
- 1Y23.9%
- YTD29.5%
Over the last 7 days, the Financials industry has dropped 3.8%, driven by a pullback from Ping An Insurance (Group) Company of China of 3.4%. On the other hand Hithink RoyalFlush Information Network is actually up 11%. In the past year, the industry has gained 24%. 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 |
|---|---|---|---|---|---|---|
| Thu, 28 Nov 2024 | CN¥8.4t | CN¥3.2t | CN¥888.8b | 20.7x | 9.4x | 2.6x |
| Sat, 26 Oct 2024 | CN¥8.6t | CN¥3.2t | CN¥863.4b | 20.9x | 9.9x | 2.7x |
| Mon, 23 Sep 2024 | CN¥6.6t | CN¥3.2t | CN¥835.6b | 15.6x | 7.8x | 2.1x |
| Wed, 21 Aug 2024 | CN¥6.7t | CN¥3.1t | CN¥817.8b | 15.5x | 8.2x | 2.1x |
| Fri, 19 Jul 2024 | CN¥6.7t | CN¥3.1t | CN¥813.0b | 15.3x | 8.3x | 2.2x |
| Sun, 16 Jun 2024 | CN¥6.8t | CN¥3.1t | CN¥812.8b | 16.4x | 8.4x | 2.2x |
| Tue, 14 May 2024 | CN¥7.1t | CN¥3.1t | CN¥812.8b | 17.4x | 8.8x | 2.3x |
| Thu, 11 Apr 2024 | CN¥6.6t | CN¥3.3t | CN¥840.8b | 15.1x | 7.8x | 2x |
| Sat, 09 Mar 2024 | CN¥6.8t | CN¥3.9t | CN¥845.0b | 15.4x | 8.1x | 1.7x |
| Mon, 05 Feb 2024 | CN¥6.4t | CN¥3.9t | CN¥838.7b | 14.3x | 7.6x | 1.6x |
| Wed, 03 Jan 2024 | CN¥5.8t | CN¥2.6t | CN¥754.6b | 14.8x | 7.7x | 2.2x |
| Fri, 01 Dec 2023 | CN¥6.0t | CN¥2.6t | CN¥754.6b | 15.4x | 7.9x | 2.3x |
| Sun, 29 Oct 2023 | CN¥6.2t | CN¥2.6t | CN¥766.3b | 16x | 8.1x | 2.4x |
| Tue, 26 Sep 2023 | CN¥6.4t | CN¥2.6t | CN¥766.6b | 16.1x | 8.3x | 2.4x |
| Thu, 24 Aug 2023 | CN¥6.3t | CN¥2.6t | CN¥781.2b | 16.5x | 8.1x | 2.4x |
| Sat, 22 Jul 2023 | CN¥6.1t | CN¥2.6t | CN¥768.2b | 15.7x | 7.9x | 2.3x |
| Mon, 19 Jun 2023 | CN¥6.3t | CN¥2.6t | CN¥770.0b | 15.4x | 8.1x | 2.4x |
| Wed, 17 May 2023 | CN¥6.6t | CN¥2.6t | CN¥769.4b | 16.4x | 8.5x | 2.5x |
| Fri, 14 Apr 2023 | CN¥6.3t | CN¥2.7t | CN¥747.3b | 17.4x | 8.5x | 2.3x |
| Sun, 12 Mar 2023 | CN¥6.1t | CN¥2.7t | CN¥772.7b | 16.4x | 7.9x | 2.3x |
| Tue, 07 Feb 2023 | CN¥6.4t | CN¥2.5t | CN¥772.3b | 16.7x | 8.3x | 2.6x |
| Thu, 05 Jan 2023 | CN¥6.2t | CN¥2.6t | CN¥730.5b | 15.5x | 8.5x | 2.4x |
| Sat, 03 Dec 2022 | CN¥6.0t | CN¥2.6t | CN¥729.7b | 15.2x | 8.2x | 2.3x |
| Mon, 31 Oct 2022 | CN¥5.3t | CN¥2.6t | CN¥728.9b | 13.1x | 7.2x | 2.1x |
| Wed, 28 Sep 2022 | CN¥5.8t | CN¥2.6t | CN¥732.2b | 12.3x | 7.9x | 2.3x |
| Fri, 26 Aug 2022 | CN¥6.0t | CN¥2.6t | CN¥737.7b | 13x | 8.2x | 2.4x |
| Sun, 24 Jul 2022 | CN¥6.1t | CN¥2.6t | CN¥733.2b | 12.9x | 8.3x | 2.4x |
| Tue, 21 Jun 2022 | CN¥6.6t | CN¥2.6t | CN¥730.6b | 14.2x | 9x | 2.6x |
| Thu, 19 May 2022 | CN¥6.2t | CN¥2.6t | CN¥730.6b | 12.5x | 8.5x | 2.4x |
| Sat, 16 Apr 2022 | CN¥7.0t | CN¥2.7t | CN¥751.9b | 12.4x | 9.3x | 2.6x |
| Mon, 14 Mar 2022 | CN¥6.7t | CN¥2.8t | CN¥759.3b | 12.3x | 8.8x | 2.4x |
| Wed, 09 Feb 2022 | CN¥7.5t | CN¥2.7t | CN¥757.6b | 13.9x | 9.9x | 2.8x |
| Fri, 07 Jan 2022 | CN¥7.4t | CN¥2.5t | CN¥727.5b | n/a | 10.1x | 3x |
| Sun, 05 Dec 2021 | CN¥7.3t | CN¥2.5t | CN¥726.0b | 14.5x | 10x | 3x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are optimistic on the Chinese Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 8.5x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 7.0% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 | -2.80% | |
| Financials | -3.84% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -2.31% | |
| Banks | -2.93% | |
| Capital Markets | -4.33% | |
| Insurance | -4.79% | |
| Diversified Financial | -5.52% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 30.7x.
- Analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings decline of 25.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| 300033 Hithink RoyalFlush Information Network | CN¥316.98 | 11.4% +CN¥17.5b | 125.6% | PE132.8x | |
| 601788 Everbright Securities | CN¥19.97 | 9.9% +CN¥8.3b | 23.0% | PE48.4x | |
| 601009 Bank of Nanjing | CN¥10.73 | 3.8% +CN¥4.2b | 49.0% | PB0.7x | |
| 601229 Bank of Shanghai | CN¥8.35 | 3.2% +CN¥3.7b | 42.7% | PB0.5x | |
| 601136 Capital Securities | CN¥24.21 | 5.1% +CN¥3.2b | 16.9% | PE66.8x |