Guotai Junan Securities Co., Ltd.

SHSE:508021 Stock Report

Market Cap: CN¥156.5b

Guotai Junan Securities Valuation

Is 508021 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 508021 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 508021 (CN¥4.24) is trading above our estimate of fair value (CN¥2.96)

Significantly Below Fair Value: 508021 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 508021?

Key metric: As 508021 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 508021. This is calculated by dividing 508021's market cap by their current earnings.
What is 508021's PE Ratio?
PE Ratio17.7x
EarningsCN¥9.56b
Market CapCN¥156.53b

Price to Earnings Ratio vs Peers

How does 508021's PE Ratio compare to its peers?

The above table shows the PE ratio for 508021 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
601688 Huatai Securities
10.5x2.7%CN¥147.0b
600999 China Merchants Securities
18.5x13.2%CN¥155.7b
002736 Guosen Securities
21.2x11.1%CN¥107.9b
000776 GF Securities
17.1x14.2%CN¥111.3b
508021 Guotai Junan Securities
17.7x12.9%CN¥156.5b

Price-To-Earnings vs Peers: 508021 is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does 508021's PE Ratio compare vs other companies in the CN Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
508021 17.7xIndustry Avg. 32.1xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 508021 is good value based on its Price-To-Earnings Ratio (17.7x) compared to the CN Capital Markets industry average (32.1x).

Price to Earnings Ratio vs Fair Ratio

What is 508021's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

508021 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.7x
Fair PE Ratio34x

Price-To-Earnings vs Fair Ratio: 508021 is good value based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (34x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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