SHSE:600030

Stock Analysis Report

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Executive Summary

CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally. More Details


Snowflake Analysis

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has CITIC Securities's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600030 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

600030

-1.1%

CN Capital Markets

-1.4%

CN Market


1 Year Return

39.3%

600030

28.2%

CN Capital Markets

28.8%

CN Market

Return vs Industry: 600030 exceeded the CN Capital Markets industry which returned 28.2% over the past year.

Return vs Market: 600030 exceeded the CN Market which returned 28.8% over the past year.


Shareholder returns

600030IndustryMarket
7 Day-1.7%-1.1%-1.4%
30 Day-0.6%-0.02%1.0%
90 Day6.8%-5.5%-0.9%
1 Year41.5%39.3%31.5%28.2%31.0%28.8%
3 Year79.7%69.9%13.6%7.5%12.9%7.5%
5 Year121.3%99.1%12.3%1.9%14.3%6.6%

Price Volatility Vs. Market

How volatile is CITIC Securities's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CITIC Securities undervalued compared to its fair value and its price relative to the market?

25.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600030 (CN¥30.44) is trading above our estimate of fair value (CN¥13.9)

Significantly Below Fair Value: 600030 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600030 is good value based on its PE Ratio (25.8x) compared to the CN Capital Markets industry average (32.3x).

PE vs Market: 600030 is good value based on its PE Ratio (25.8x) compared to the CN market (41.5x).


Price to Earnings Growth Ratio

PEG Ratio: 600030 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 600030 is overvalued based on its PB Ratio (2.2x) compared to the CN Capital Markets industry average (2.1x).


Next Steps

Future Growth

How is CITIC Securities forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600030's forecast earnings growth (13.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 600030's earnings (13.6% per year) are forecast to grow slower than the CN market (24.1% per year).

High Growth Earnings: 600030's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600030's revenue (11.5% per year) is forecast to grow slower than the CN market (17.6% per year).

High Growth Revenue: 600030's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600030's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has CITIC Securities performed over the past 5 years?

-9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600030 has high quality earnings.

Growing Profit Margin: 600030's current net profit margins (32.5%) are higher than last year (28.1%).


Past Earnings Growth Analysis

Earnings Trend: 600030's earnings have declined by 9.7% per year over the past 5 years.

Accelerating Growth: 600030's earnings growth over the past year (42.9%) exceeds its 5-year average (-9.7% per year).

Earnings vs Industry: 600030 earnings growth over the past year (42.9%) underperformed the Capital Markets industry 48.1%.


Return on Equity

High ROE: 600030's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is CITIC Securities's financial position?


Financial Position Analysis

Short Term Liabilities: 600030's short term assets (CN¥881.4B) exceed its short term liabilities (CN¥638.2B).

Long Term Liabilities: 600030's short term assets (CN¥881.4B) exceed its long term liabilities (CN¥156.8B).


Debt to Equity History and Analysis

Debt Level: 600030's debt to equity ratio (231.5%) is considered high.

Reducing Debt: 600030's debt to equity ratio has increased from 217.7% to 231.5% over the past 5 years.

Debt Coverage: 600030's debt is not well covered by operating cash flow (3.1%).

Interest Coverage: Insufficient data to determine if 600030's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is CITIC Securities's current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600030's dividend (1.64%) is higher than the bottom 25% of dividend payers in the CN market (0.35%).

High Dividend: 600030's dividend (1.64%) is low compared to the top 25% of dividend payers in the CN market (1.65%).


Stability and Growth of Payments

Stable Dividend: 600030's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600030's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.3%), 600030's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600030's dividends in 3 years are forecast to be well covered by earnings (43.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Minghui Yang (56 yo)

4.33yrs

Tenure

CN¥9,899,000

Compensation

Mr. Minghui Yang is President of CITIC Securities Company Limited since June 27, 2016 and is its Director since January 19, 2016. Mr. Yang joined CITIC Securities Company Limited in 1995. He is Managing Di ...


CEO Compensation Analysis

Compensation vs Market: Minghui's total compensation ($USD1.49M) is above average for companies of similar size in the CN market ($USD315.16K).

Compensation vs Earnings: Minghui's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Youjun Zhang
Executive Chairman of the Board4.75yrsCN¥4.95m0%
CN¥ 0
Minghui Yang
President & Executive Director4.33yrsCN¥9.90mno data
Jiong Li
CFO, Treasurer & Head of Treasury Department1.5yrsCN¥8.17mno data
Yao Ma
Head of Investment Banking Management Committeeno dataCN¥9.92m0.00015%
CN¥ 538.9k
Qunli Song
Chief Engineer & Chief Information Officer0.67yrCN¥3.79mno data
Guoming Zhang
Chief Compliance Officer7.08yrsCN¥5.79mno data
Hao Zhang
Chief Marketing Officer3yrsCN¥8.95mno data
Yongjin Li
Director of Wealth Management Committee & GM of Zhejiang Branch Officeno dataCN¥7.92mno data
Xinjiang Ye
Head of Healthcare Groupno dataCN¥8.63mno data
Yi Sun
Head of the Financial Institutions Group2.17yrsCN¥9.92mno data
Yuxiang Gao
Head of Infrastructure & Real Estate Industry Groupno dataCN¥10.67mno data
Jirui Xue
Head of the Equity Derivatives Business Line & Prime Service Business Lineno dataCN¥10.17mno data

2.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 600030's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Youjun Zhang
Executive Chairman of the Board4.75yrsCN¥4.95m0%
CN¥ 0
Minghui Yang
President & Executive Director4.33yrsCN¥9.90mno data
Ning Li
Senior VP of Investment Banking & Employee Representative Supervisor0.83yrno datano data
Xuekun Niu
Senior VP of Planning & Finance Department and Employee Representative Supervisor0.83yrno datano data
Zhao Guo
Non Employee Representative Supervisor21.08yrsCN¥100.00kno data
Ke Liu
Independent Non-Executive Director4.75yrsCN¥156.00kno data
Shuhui Wang
Non Executive Director0.33yrno datano data
Zhonghui Zhou
Independent Non-Executive Director1.42yrsCN¥91.00kno data
Jia He
Independent Non-Executive Director4.75yrsCN¥156.00kno data
Jianhua Jin
Chairman of CITIC Private Equity Funds Management Company Limited0.67yrCN¥9.22m0.0027%
CN¥ 9.7m
Shouying Liu
Independent Non Executive Director0.83yrno datano data
Changyi Zhang
Chairman of the Supervisory Committee0.33yrno datano data

1.1yrs

Average Tenure

56yo

Average Age

Experienced Board: 600030's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.


Top Shareholders

Company Information

CITIC Securities Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CITIC Securities Company Limited
  • Ticker: 600030
  • Exchange: SHSE
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: CN¥359.289b
  • Shares outstanding: 12.93b
  • Website: https://www.cs.ecitic.com

Number of Employees


Location

  • CITIC Securities Company Limited
  • CITIC Securities Tower
  • 16th Floor
  • Shenzhen
  • Guangdong Province
  • 518048
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600030SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJan 2003
600030XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 2003
6030SEHK (The Stock Exchange of Hong Kong Ltd.)Foreign Shares-Foreign ListedHKHKDOct 2011
CI9DB (Deutsche Boerse AG)Foreign Shares-Foreign ListedDEEUROct 2011
CIIH.FOTCPK (Pink Sheets LLC)Foreign Shares-Foreign ListedUSUSDOct 2011
6030SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)Foreign Shares-Foreign ListedHKHKDOct 2011
6030SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)Foreign Shares-Foreign ListedHKHKDOct 2011
CIIH.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2012

Biography

CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally. It operates through Investment Banking, Brokerage, Trading, Asset Management, and Ot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 15:04
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.