CITIC Securities
Market Cap
CN¥393.8b
Last Updated
2020/07/09 14:53 UTC
Data Sources
Company Financials +
Executive Summary
CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
26.9%
600030
24.4%
CN Capital Markets
11.6%
CN Market
1 Year Return
42.7%
600030
40.2%
CN Capital Markets
34.8%
CN Market
Return vs Industry: 600030 exceeded the CN Capital Markets industry which returned 37.4% over the past year.
Return vs Market: 600030 exceeded the CN Market which returned 31.6% over the past year.
Shareholder returns
| 600030 | Industry | Market | |
|---|---|---|---|
| 7 Day | 26.9% | 24.4% | 11.6% |
| 30 Day | 42.0% | 45.0% | 19.6% |
| 90 Day | 47.1% | 44.2% | 28.8% |
| 1 Year | 44.9%42.7% | 42.6%40.2% | 37.1%34.8% |
| 3 Year | 101.0%89.1% | 30.3%24.8% | 21.7%16.2% |
| 5 Year | 49.7%35.1% | -2.2%-9.9% | 9.7%2.7% |
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?
33.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 600030 (CN¥33.08) is trading above our estimate of fair value (CN¥10.84)
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 (33.7x) compared to the Capital Markets industry average (45.2x).
PE vs Market: 600030 is good value based on its PE Ratio (33.7x) compared to the CN market (43.5x).
Price to Earnings Growth Ratio
PEG Ratio: 600030 is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: 600030 is overvalued based on its PB Ratio (2.4x) compared to the CN Capital Markets industry average (2.3x).
Next Steps
Future Growth
How is CITIC Securities forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
13.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600030's forecast earnings growth (13.9% per year) is above the savings rate (3.3%).
Earnings vs Market: 600030's earnings (13.9% per year) are forecast to grow slower than the CN market (23% per year).
High Growth Earnings: 600030's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600030's revenue (9.1% per year) is forecast to grow slower than the CN market (16.6% per year).
High Growth Revenue: 600030's revenue (9.1% 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 (9.3%).
Next Steps
Past Performance
How has CITIC Securities performed over the past 5 years?
-10.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600030 has high quality earnings.
Growing Profit Margin: 600030's current net profit margins (29%) are lower than last year (31.5%).
Past Earnings Growth Analysis
Earnings Trend: 600030's earnings have declined by -10.9% per year over the past 5 years.
Accelerating Growth: 600030's earnings growth over the past year (10%) exceeds its 5-year average (-10.9% per year).
Earnings vs Industry: 600030 earnings growth over the past year (10%) underperformed the Capital Markets industry 20.2%.
Return on Equity
High ROE: 600030's Return on Equity (6.9%) 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¥839.2B) exceed its short term liabilities (CN¥573.1B).
Long Term Liabilities: 600030's short term assets (CN¥839.2B) exceed its long term liabilities (CN¥168.0B).
Debt to Equity History and Analysis
Debt Level: 600030's debt to equity ratio (218.2%) is considered high.
Reducing Debt: 600030's debt to equity ratio has reduced from 230.1% to 218.2% over the past 5 years.
Debt Coverage: 600030's debt is not well covered by operating cash flow (6.7%).
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?
1.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600030's dividend (1.51%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).
High Dividend: 600030's dividend (1.51%) is low compared to the top 25% of dividend payers in the CN market (1.69%).
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 reasonable payout ratio (50.9%), 600030's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600030's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Minghui Yang (56yo)
4.08yrs
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 ($USD1.41M) is above average for companies of similar size in the CN market ($USD284.88K).
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 | 4.5yrs | CN¥4.95m | no data | |
| President & Executive Director | 4.08yrs | CN¥9.90m | no data | |
| CFO, Treasurer & Head of Treasury Department | 1.25yrs | CN¥8.17m | no data | |
| Head of Investment Banking Management Committee | no data | CN¥9.92m | 0.00015% CN¥590.8k | |
| Chief Engineer & Chief Information Officer | 0.42yr | CN¥3.79m | no data | |
| Chief Compliance Officer | no data | CN¥5.79m | no data | |
| Chief Marketing Officer | 2.75yrs | 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 | 1.92yrs | CN¥9.92m | no data |
1.9yrs
Average Tenure
52yo
Average Age
Experienced Management: 600030's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.5yrs | CN¥4.95m | no data | |
| President & Executive Director | 4.08yrs | CN¥9.90m | no data | |
| Senior VP of Investment Banking & Employee Representative Supervisor | 0.58yr | no data | no data | |
| Senior VP of Planning & Finance Department and Employee Representative Supervisor | 0.58yr | no data | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥156.00k | no data | |
| Independent Non-Executive Director | 1.17yrs | CN¥91.00k | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥156.00k | no data | |
| Chairman of CITIC Private Equity Funds Management Company Limited | 0.42yr | CN¥9.22m | 0.0027% CN¥10.7m | |
| Independent Non Executive Director | 0.58yr | no data | no data | |
| Chairman of the Supervisory Committee | 0.083yr | no data | no data |
0.9yrs
Average Tenure
56yo
Average Age
Experienced Board: 600030's board of directors are not considered experienced ( 0.9 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¥393.840b
- 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 Others segments. The company offers investment banking services, including equity and debt financing, and asset-backed securitization, as well as fund raising and financial advisory services to a range of enterprises and other institutional clients. It is also involved in broking of securities and futures; distribution of financial products; and trading and market-making of equity products, fixed income products and derivatives, foreign exchange, margin financing and securities lending, alternative investment, and commodities business. In addition, the company offers asset management services, such as CAM, SAM, SMA, fund management, and other investment accounts management; private equity investment and other services; and custody and research services. Further, it provides institutional brokerage, investment advisory and management, investment consultancy, fiduciary management, fund, real estate, business training, and financial products and securities investment services. Additionally, the company offers catering, accommodation, convention, and exhibition services; micro financing, finance outsourcing, bond issuance, offshore portfolio hedge and investment fund, fund distribution, leveraged foreign exchange and other transactions, investment with self-owned capital, cash transactions, property management and leasing, and other services. It also engages in the computer hardware and software technology development, technical consulting, technical service, system integration and sales, data processing, and research and development of financial products, portfolio design, and consulting activities. The company has strategic cooperation agreement with Singapore Exchange Limited. The company was founded in 1995 and is based in Shenzhen, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/09 14:53 |
| End of Day Share Price | 2020/07/09 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.