Caida Securities Co., Ltd.

SHSE:600906 Stock Report

Market Cap: CN¥23.9b

Caida Securities Valuation

Is 600906 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 600906 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600906 (CN¥7.38) is trading above our estimate of fair value (CN¥0.85)

Significantly Below Fair Value: 600906 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600906?

Key metric: As 600906 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600906. This is calculated by dividing 600906's market cap by their current earnings.
What is 600906's PE Ratio?
PE Ratio56.8x
EarningsCN¥421.64m
Market CapCN¥23.95b

Price to Earnings Ratio vs Peers

How does 600906's PE Ratio compare to its peers?

The above table shows the PE ratio for 600906 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.3x
002500 Shanxi Securities
27.6xn/aCN¥22.5b
000686 Northeast Securities
33.1xn/aCN¥18.7b
601696 BOC International (China)
40.9x14.7%CN¥30.7b
600109 Sinolink Securities
23.6x9.8%CN¥32.4b
600906 Caida Securities
56.8x5.1%CN¥23.9b

Price-To-Earnings vs Peers: 600906 is expensive based on its Price-To-Earnings Ratio (56.8x) compared to the peer average (31.3x).

Price to Earnings Ratio vs Industry

How does 600906'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
600906 56.8xIndustry Avg. 32.1xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600906 is expensive based on its Price-To-Earnings Ratio (56.8x) compared to the CN Capital Markets industry average (32x).

Price to Earnings Ratio vs Fair Ratio

What is 600906'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.

600906 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.8x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: 600906 is expensive based on its Price-To-Earnings Ratio (56.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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