Sinolink Securities Co., Ltd.

SHSE:600109 Stock Report

Mkt Cap: CN¥36.7b

We’ve recently updated our valuation analysis.

Sinolink Securities Valuation

Is 600109 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600109?

Other financial metrics that can be useful for relative valuation.

600109 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 600109's PE Ratio compare to its peers?

The above table shows the PE ratio for 600109 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average55.7x
002939 China Great Wall SecuritiesLtd
37.8xn/aCN¥37.0b
002945 ChinaLin Securities
90x19.6%CN¥39.6b
601108 Caitong SecuritiesLtd
17.5x17.5%CN¥35.9b
601236 Hongta Securities
77.4xn/aCN¥42.3b
600109 Sinolink Securities
22.9x21.5%CN¥36.7b


Price to Earnings Ratio vs Industry

How does 600109's PE Ratio compare vs other companies in the CN Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.5%
n/an/an/a


Price to Earnings Ratio vs Fair Ratio

What is 600109'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.

600109 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: 600109 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).


Share Price vs Fair Value

What is the Fair Price of 600109 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


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 600109 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.86
CN¥10.14
+2.9%
8.3%CN¥11.05CN¥8.76n/a5
Jan ’24CN¥8.70
CN¥10.00
+15.0%
8.9%CN¥11.05CN¥8.76n/a4
Dec ’23CN¥9.36
CN¥9.80
+4.7%
9.6%CN¥11.05CN¥8.76n/a3
Nov ’23CN¥8.10
CN¥10.44
+28.9%
4.2%CN¥11.05CN¥10.03n/a3
Oct ’23CN¥7.64
CN¥10.44
+36.6%
4.2%CN¥11.05CN¥10.03n/a3
Sep ’23CN¥8.46
CN¥9.93
+17.4%
3.0%CN¥10.24CN¥9.52n/a3
Aug ’23CN¥8.43
CN¥9.93
+17.8%
3.0%CN¥10.24CN¥9.52n/a3
Jul ’23CN¥8.84
CN¥9.93
+12.3%
3.0%CN¥10.24CN¥9.52n/a3
Jun ’23CN¥8.17
CN¥11.19
+37.0%
12.1%CN¥12.80CN¥9.52n/a4
May ’23CN¥8.25
CN¥12.80
+55.1%
2.9%CN¥13.19CN¥12.20n/a4
Apr ’23CN¥9.70
CN¥12.80
+31.9%
2.9%CN¥13.19CN¥12.20n/a4
Mar ’23CN¥10.26
CN¥12.88
+25.6%
3.7%CN¥13.53CN¥12.20n/a4
Feb ’23CN¥10.36
CN¥12.88
+24.3%
3.7%CN¥13.53CN¥12.20CN¥10.354
Jan ’23CN¥11.33
CN¥12.81
+13.1%
4.6%CN¥13.53CN¥12.10CN¥8.703
Dec ’22CN¥10.77
CN¥13.36
+24.0%
8.0%CN¥15.00CN¥12.10CN¥9.364
Nov ’22CN¥10.78
CN¥13.36
+23.9%
8.0%CN¥15.00CN¥12.10CN¥8.104
Oct ’22CN¥11.42
CN¥13.45
+17.8%
7.2%CN¥15.00CN¥12.50CN¥7.644
Sep ’22CN¥11.38
CN¥13.45
+18.2%
7.2%CN¥15.00CN¥12.50CN¥8.464
Aug ’22CN¥10.72
CN¥13.95
+30.2%
7.6%CN¥15.00CN¥12.50CN¥8.433
Jul ’22CN¥12.06
CN¥13.95
+15.7%
7.6%CN¥15.00CN¥12.50CN¥8.843
Jun ’22CN¥13.06
CN¥14.79
+13.2%
11.6%CN¥17.30CN¥12.50CN¥8.174
May ’22CN¥12.09
CN¥16.24
+34.3%
7.4%CN¥17.30CN¥14.36CN¥8.254
Apr ’22CN¥13.41
CN¥16.24
+21.1%
7.4%CN¥17.30CN¥14.36CN¥9.704
Mar ’22CN¥12.94
CN¥16.52
+27.7%
4.9%CN¥17.30CN¥15.48CN¥10.264
Feb ’22CN¥14.00
CN¥16.95
+21.0%
8.0%CN¥19.00CN¥15.48CN¥10.364


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