CITIC Securities Company Limited

SHSE:600030 Stock Report

Market Cap: CN¥423.1b

CITIC Securities Valuation

Is 600030 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 600030 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600030 (CN¥30.34) is trading above our estimate of fair value (CN¥17.7)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600030?

Key metric: As 600030 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600030. This is calculated by dividing 600030's market cap by their current earnings.
What is 600030's PE Ratio?
PE Ratio23x
EarningsCN¥19.58b
Market CapCN¥423.05b

Price to Earnings Ratio vs Peers

How does 600030's PE Ratio compare to its peers?

The above table shows the PE ratio for 600030 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
601211 Guotai Junan Securities
17.4x14.4%CN¥155.0b
601688 Huatai Securities
10.6x3.0%CN¥150.0b
600999 China Merchants Securities
18.8x13.2%CN¥162.5b
000166 Shenwan Hongyuan Group
33x21.3%CN¥127.4b
600030 CITIC Securities
23x14.9%CN¥423.1b

Price-To-Earnings vs Peers: 600030 is expensive based on its Price-To-Earnings Ratio (23x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

How does 600030'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
600030 23.0xIndustry Avg. 33.3xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600030 is good value based on its Price-To-Earnings Ratio (23x) compared to the CN Capital Markets industry average (33.3x).


Price to Earnings Ratio vs Fair Ratio

What is 600030'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.

600030 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio41x

Price-To-Earnings vs Fair Ratio: 600030 is good value based on its Price-To-Earnings Ratio (23x) compared to the estimated Fair Price-To-Earnings Ratio (41x).


Analyst Price Targets

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

The above table shows the analyst 600030 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥30.34
CN¥33.06
+9.0%
21.0%CN¥46.20CN¥23.70n/a13
Dec ’25CN¥30.75
CN¥33.55
+9.1%
20.8%CN¥46.20CN¥23.70n/a13
Nov ’25CN¥27.95
CN¥32.52
+16.3%
22.3%CN¥46.20CN¥23.70n/a13
Oct ’25CN¥27.20
CN¥23.52
-13.5%
14.7%CN¥33.57CN¥19.20n/a14
Sep ’25CN¥19.29
CN¥23.91
+23.9%
14.9%CN¥33.57CN¥19.20n/a14
Aug ’25CN¥19.58
CN¥24.56
+25.4%
13.8%CN¥33.57CN¥20.00n/a14
Jul ’25CN¥18.20
CN¥24.58
+35.1%
13.8%CN¥33.57CN¥20.00n/a14
Jun ’25CN¥18.62
CN¥24.58
+32.0%
13.8%CN¥33.57CN¥20.00n/a14
May ’25CN¥19.01
CN¥24.85
+30.7%
12.9%CN¥31.60CN¥20.00n/a15
Apr ’25CN¥19.41
CN¥25.49
+31.3%
12.8%CN¥34.12CN¥20.57n/a15
Mar ’25CN¥21.32
CN¥26.63
+24.9%
11.2%CN¥34.12CN¥20.57n/a15
Feb ’25CN¥20.44
CN¥26.89
+31.5%
10.9%CN¥34.12CN¥20.57n/a14
Jan ’25CN¥20.37
CN¥26.49
+30.0%
13.6%CN¥34.12CN¥17.67n/a15
Dec ’24CN¥21.56
CN¥26.49
+22.9%
13.6%CN¥34.12CN¥17.67CN¥30.7515
Nov ’24CN¥21.73
CN¥26.34
+21.2%
13.8%CN¥34.12CN¥17.67CN¥27.9515
Oct ’24CN¥21.66
CN¥26.51
+22.4%
13.3%CN¥34.12CN¥17.67CN¥27.2015
Sep ’24CN¥22.38
CN¥26.25
+17.3%
13.3%CN¥34.12CN¥17.67CN¥19.2916
Aug ’24CN¥23.67
CN¥25.80
+9.0%
13.4%CN¥34.12CN¥17.67CN¥19.5817
Jul ’24CN¥19.78
CN¥25.99
+31.4%
13.7%CN¥34.12CN¥17.67CN¥18.2016
Jun ’24CN¥20.10
CN¥26.14
+30.1%
13.4%CN¥34.12CN¥17.67CN¥18.6216
May ’24CN¥21.02
CN¥26.21
+24.7%
13.4%CN¥34.12CN¥17.67CN¥19.0116
Apr ’24CN¥20.48
CN¥25.72
+25.6%
16.4%CN¥34.12CN¥17.47CN¥19.4115
Mar ’24CN¥20.90
CN¥25.32
+21.1%
15.8%CN¥33.30CN¥17.47CN¥21.3216
Feb ’24CN¥22.09
CN¥25.32
+14.6%
15.8%CN¥33.30CN¥17.47CN¥20.4416
Jan ’24CN¥19.91
CN¥24.36
+22.3%
17.2%CN¥33.30CN¥17.47CN¥20.3716
Dec ’23CN¥19.97
CN¥24.57
+23.1%
16.0%CN¥33.30CN¥17.47CN¥21.5616

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 19:58
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CITIC Securities Company Limited is covered by 69 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sam Mun LeungABCI Securities Company Limited
Yi GuoAvic Securities Co., Ltd
Kathryn DingBNP Paribas Securities (Asia)