CITIC Securities
Market Cap
CN¥302.3b
Last Updated
2021/03/04 09:04 UTC
Data Sources
Company Financials +
Executive Summary
CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and slightly overvalued.
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 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 600030's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-10.5%
600030
-3.7%
CN Capital Markets
-2.1%
CN Market
1 Year Return
-4.5%
600030
-6.5%
CN Capital Markets
18.7%
CN Market
Return vs Industry: 600030 underperformed the CN Capital Markets industry which returned -2.2% over the past year.
Return vs Market: 600030 underperformed the CN Market which returned 23.2% over the past year.
Shareholder returns
| 600030 | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.5% | -3.7% | -2.1% |
| 30 Day | -11.9% | -6.2% | -3.5% |
| 90 Day | -18.1% | -14.0% | 0.9% |
| 1 Year | -3.0%-4.5% | -4.1%-6.5% | 20.6%18.7% |
| 3 Year | 42.7%34.9% | 18.0%11.5% | 27.0%20.8% |
| 5 Year | 77.6%59.8% | 14.9%4.3% | 48.7%38.4% |
Long-Term 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?
21.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 600030 (CN¥24.81) is trading above our estimate of fair value (CN¥11.66)
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 (21.4x) compared to the CN Capital Markets industry average (25.1x).
PE vs Market: 600030 is good value based on its PE Ratio (21.4x) compared to the CN market (34.9x).
Price to Earnings Growth Ratio
PEG Ratio: 600030 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 600030's PB Ratio (1.8x) is in line with the CN Capital Markets industry average.
Next Steps
Future Growth
How is CITIC Securities forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
15.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600030's forecast earnings growth (15.6% per year) is above the savings rate (3.3%).
Earnings vs Market: 600030's earnings (15.6% per year) are forecast to grow slower than the CN market (25.1% per year).
High Growth Earnings: 600030's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600030's revenue (9.2% per year) is forecast to grow slower than the CN market (18.4% per year).
High Growth Revenue: 600030's revenue (9.2% 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 (9.5%).
Next Steps
Past Performance
How has CITIC Securities performed over the past 5 years?
-1.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600030 has high quality earnings.
Growing Profit Margin: 600030's current net profit margins (27.4%) are lower than last year (28.6%).
Past Earnings Growth Analysis
Earnings Trend: 600030's earnings have declined by 1.8% per year over the past 5 years.
Accelerating Growth: 600030's earnings growth over the past year (21.8%) exceeds its 5-year average (-1.8% per year).
Earnings vs Industry: 600030 earnings growth over the past year (21.8%) underperformed the Capital Markets industry 48.9%.
Return on Equity
High ROE: 600030's Return on Equity (8.1%) 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¥929.1B) exceed its short term liabilities (CN¥576.7B).
Long Term Liabilities: 600030's short term assets (CN¥929.1B) exceed its long term liabilities (CN¥283.7B).
Debt to Equity History and Analysis
Debt Level: 600030's debt to equity ratio (249.7%) is considered high.
Reducing Debt: 600030's debt to equity ratio has increased from 171.8% to 249.7% over the past 5 years.
Debt Coverage: 600030's debt is not well covered by operating cash flow (16.1%).
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?
2.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600030's dividend (2.02%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).
High Dividend: 600030's dividend (2.02%) is in the top 25% of dividend payers in the CN market (1.77%)
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 (43.1%), 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 (44% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Minghui Yang (56 yo)
4.75yrs
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 ($USD1.53M) is above average for companies of similar size in the CN market ($USD333.81K).
Compensation vs Earnings: Minghui's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 5.17yrs | CN¥4.95m | 0% CN¥ 0 | |
| President & Executive Director | 4.75yrs | CN¥9.90m | no data | |
| CFO, Treasurer & Head of Treasury Department | 1.92yrs | CN¥8.17m | no data | |
| Head of Investment Banking Management Committee | no data | CN¥9.92m | 0.00015% CN¥ 453.4k | |
| Chief Engineer & Chief Information Officer | 1.08yrs | CN¥3.79m | no data | |
| Chief Compliance Officer | 7.5yrs | CN¥5.79m | no data | |
| Chief Marketing Officer | 3.42yrs | CN¥8.95m | no data | |
| Director of Wealth Management Committee & GM of Zhejiang Branch Office | no data | CN¥7.92m | no data | |
| Head of Healthcare Group | no data | CN¥8.63m | no data | |
| Head of the Financial Institutions Group | 2.58yrs | CN¥9.92m | no data | |
| Head of Infrastructure & Real Estate Industry Group | no data | CN¥10.67m | no data | |
| Head of the Equity Derivatives Business Line & Prime Service Business Line | no data | CN¥10.17m | no data |
3.0yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 600030's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 5.17yrs | CN¥4.95m | 0% CN¥ 0 | |
| President & Executive Director | 4.75yrs | CN¥9.90m | no data | |
| Senior VP of Investment Banking & Employee Representative Supervisor | 1.25yrs | no data | no data | |
| Senior VP of Planning & Finance Department and Employee Representative Supervisor | 1.25yrs | no data | no data | |
| Non Employee Representative Supervisor | 21.5yrs | CN¥100.00k | no data | |
| Independent Non-Executive Director | 5.17yrs | CN¥156.00k | no data | |
| Non Executive Director | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 1.83yrs | CN¥91.00k | no data | |
| Independent Non-Executive Director | 5.17yrs | CN¥156.00k | no data | |
| Chairman of CITIC Private Equity Funds Management Company Limited | 1.08yrs | CN¥9.22m | 0.0027% CN¥ 8.2m | |
| Independent Non Executive Director | 1.25yrs | no data | no data | |
| Chairman of the Supervisory Committee | 0.75yr | no data | no data |
1.5yrs
Average Tenure
56yo
Average Age
Experienced Board: 600030's board of directors are not considered experienced ( 1.5 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.
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¥302.256b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 600030 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Jan 2003 |
| 600030 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Jan 2003 |
| 6030 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Foreign Shares-Foreign Listed | HK | HKD | Oct 2011 | |
| CI9 | DB (Deutsche Boerse AG) | Foreign Shares-Foreign Listed | DE | EUR | Oct 2011 | |
| CIIH.F | OTCPK (Pink Sheets LLC) | Foreign Shares-Foreign Listed | US | USD | Oct 2011 | |
| 6030 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Foreign Shares-Foreign Listed | HK | HKD | Oct 2011 | |
| 6030 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Foreign Shares-Foreign Listed | HK | HKD | Oct 2011 | |
| CIIH.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 09:04 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.