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Tianfeng Securities SHSE:601162 Stock Report

Last Price

CN¥2.78

Market Cap

CN¥24.5b

7D

-3.1%

1Y

-36.1%

Updated

28 Sep, 2022

Data

Company Financials +
601162 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends2/6

601162 Stock Overview

Tianfeng Securities Co., Ltd. operates as a securities company.

Risk Analysis

Large one-off items impacting financial results


Tianfeng Securities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tianfeng Securities
Historical stock prices
Current Share PriceCN¥2.78
52 Week HighCN¥4.42
52 Week LowCN¥2.77
Beta1.04
1 Month Change-8.85%
3 Month Change-12.58%
1 Year Change-36.09%
3 Year Change-67.64%
5 Year Changen/a
Change since IPO7.75%

Recent News & Updates

Shareholder Returns

601162CN Capital MarketsCN Market
7D-3.1%-1.4%-1.0%
1Y-36.1%-29.3%-16.9%

Return vs Industry: 601162 underperformed the CN Capital Markets industry which returned -29.3% over the past year.

Return vs Market: 601162 underperformed the CN Market which returned -16.9% over the past year.

Price Volatility

Is 601162's price volatile compared to industry and market?
601162 volatility
601162 Average Weekly Movement2.9%
Capital Markets Industry Average Movement4.0%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.3%
10% least volatile stocks in CN Market3.7%

Stable Share Price: 601162 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 601162's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20003,468Linjing Wanghttps://www.tfzq.com

Tianfeng Securities Co., Ltd. operates as a securities company. It offers brokerage services, such as stock investment, fund investment, bond investment, wealth management products, margin financing and securities lending, agreed repurchase, etc. stock pledge, individual stock options, treasury pledge repurchase, and financial services; asset management; investment banking services, such as equity financing, mergers and acquisitions, bond financing and diversified financial advisory services; commodity and financial futures brokerage services; and futures investment consulting services. The company also provides securities investment consulting; investment advisory; and various investment products.

Tianfeng Securities Fundamentals Summary

How do Tianfeng Securities's earnings and revenue compare to its market cap?
601162 fundamental statistics
Market CapCN¥24.52b
Earnings (TTM)CN¥308.24m
Revenue (TTM)CN¥3.90b

78.2x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
601162 income statement (TTM)
RevenueCN¥3.90b
Cost of RevenueCN¥3.40b
Gross ProfitCN¥502.40m
Other ExpensesCN¥194.16m
EarningsCN¥308.24m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.036
Gross Margin12.88%
Net Profit Margin7.90%
Debt/Equity Ratio227.2%

How did 601162 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

13%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 601162 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 601162?

Other financial metrics that can be useful for relative valuation.

601162 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 Ration/a

Price to Earnings Ratio vs Peers

How does 601162's PE Ratio compare to its peers?

601162 PE Ratio vs Peers
The above table shows the PE ratio for 601162 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.5x
600369 Southwest Securities
44.7x25.1%CN¥24.8b
601198 Dongxing Securities
20.6xn/aCN¥25.4b
600909 Huaan Securities
14.2x-0.5%CN¥22.8b
601696 BOC International (China)
34.4xn/aCN¥30.6b
601162 Tianfeng Securities
78.2xn/aCN¥24.5b

Price-To-Earnings vs Peers: 601162 is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the peer average (28.5x).


Price to Earnings Ratio vs Industry

How does 601162's PE Ratio compare vs other companies in the CN Capital Markets Industry?

Price-To-Earnings vs Industry: 601162 is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the CN Capital Markets industry average (19.3x)


Price to Earnings Ratio vs Fair Ratio

What is 601162'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.

601162 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 601162's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 601162 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 601162's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 601162's fair value for valuation analysis.


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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Future Growth

How is Tianfeng Securities forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.9%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 601162's forecast earnings growth is above the savings rate (3.2%).

Earnings vs Market: Insufficient data to determine if 601162's earnings are forecast to grow faster than the CN market

High Growth Earnings: Insufficient data to determine if 601162's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 601162's revenue (11.9% per year) is forecast to grow slower than the CN market (18.3% per year).

High Growth Revenue: 601162's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 601162's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Tianfeng Securities performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 601162 has a large one-off gain of CN¥109.5M impacting its June 30 2022 financial results.

Growing Profit Margin: 601162's current net profit margins (7.9%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: 601162's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: 601162's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 601162 had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Capital Markets industry average (-7.6%).


Return on Equity

High ROE: 601162's Return on Equity (1%) is considered low.


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Financial Health

How is Tianfeng Securities's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 601162's short term assets (CN¥80.3B) exceed its short term liabilities (CN¥30.7B).

Long Term Liabilities: 601162's short term assets (CN¥80.3B) exceed its long term liabilities (CN¥42.9B).


Debt to Equity History and Analysis

Debt Level: 601162's net debt to equity ratio (2.5%) is considered satisfactory.

Reducing Debt: 601162's debt to equity ratio has increased from 80.4% to 227.2% over the past 5 years.

Debt Coverage: 601162's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: Insufficient data to determine if 601162's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Tianfeng Securities's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.43%

Current Dividend Yield

Dividend Yield vs Market

Tianfeng Securities Dividend Yield vs Market
How does Tianfeng Securities dividend yield compare to the market?
SegmentDividend Yield
Company (Tianfeng Securities)0.4%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Capital Markets)2.5%
Analyst forecast in 3 Years (Tianfeng Securities)0.4%

Notable Dividend: 601162's dividend (0.43%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.52%).

High Dividend: 601162's dividend (0.43%) is low compared to the top 25% of dividend payers in the CN market (2.07%).


Stability and Growth of Payments

Stable Dividend: 601162 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 601162's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.3%), 601162's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.6%), 601162's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Linjing Wang (47 yo)

2.75yrs

Tenure

CN¥4,329,900

Compensation

Mr. Linjing Wang, Ph D., serves as Director and President at Tianfeng Securities Co., Ltd. since December 27 2019.


Leadership Team

Experienced Management: 601162's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: 601162's board of directors are considered experienced (3.3 years average tenure).


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

What is the ownership structure of 601162?
Owner TypeNumber of SharesOwnership Percentage
Public Companies817,360,1399.4%
Institutions925,583,08110.7%
Private Companies1,650,311,92719.0%
General Public5,272,502,31760.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 38.92% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.37%
Humanwell Healthcare (Group) Co.,Ltd.
812,297,774CN¥2.3b0%no data
8.07%
Wuhan Commerce&Trade Group Co.,Ltd
698,988,942CN¥1.9b0%no data
5.99%
Hubei United Development Investment Group Co.,Ltd.
519,359,753CN¥1.4b0%no data
2.87%
Shaanxi Dade Investment Group Co., Ltd.
249,100,093CN¥692.5m0%no data
2.78%
Cinda Wealth Investment Management Co., Ltd.
240,498,500CN¥668.6m0%no data
2.31%
AVIC Trust Co, Ltd.
200,000,000CN¥556.0m0%no data
2.12%
Wuhan Rule Investment Center (L.P.)
184,000,000CN¥511.5m0%no data
1.71%
Wuhan High Tech National Holdings Group Co., Ltd.
148,186,629CN¥412.0m0%no data
1.1%
Guotai Asset Management Co., Ltd.
95,145,514CN¥264.5m0%0.2%
0.65%
Hwabao WP Fund Management Co., Ltd
56,382,780CN¥156.7m0%0.24%
0.4%
WuHan DangDai Science & Technology Industries (Group) Co.,Ltd
34,676,510CN¥96.4m0%no data
0.25%
China Southern Asset Management Co., Ltd.
21,435,094CN¥59.6m0%0.03%
0.22%
Tianhong Asset Management Co., Ltd.
18,884,998CN¥52.5m0%0.1%
0.15%
Penghua Fund Management Co. Ltd.
13,395,720CN¥37.2m0%0.04%
0.13%
Huatai-PineBridge Fund Management Company Limited
11,118,480CN¥30.9m0%0.03%
0.11%
Hua An Fund Management Co., Ltd.
9,184,470CN¥25.5m0%0.02%
0.1%
E Fund Management Co., Ltd.
8,966,980CN¥24.9m-35.9%0.01%
0.099%
The Vanguard Group, Inc.
8,606,668CN¥23.9m0%no data
0.097%
China Asset Management Co., Ltd.
8,388,880CN¥23.3m0%0.01%
0.077%
China Merchants Fund Management Co.,Ltd.
6,635,230CN¥18.4m0%0.01%
0.066%
SWS MU Fund Management Co., Ltd.
5,689,879CN¥15.8m0%0.08%
0.066%
China Universal Asset Management Company Ltd.
5,681,900CN¥15.8m0%0.01%
0.063%
Fullgoal Fund Management Co., Ltd.
5,474,940CN¥15.2m0%0.01%
0.062%
Harvest Fund Management Co., Ltd.
5,344,860CN¥14.9m-0.22%0.01%
0.058%
Wuhan Sante Cableway Group Co., Ltd.
5,062,365CN¥14.1m0%no data

Company Information

Tianfeng Securities Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tianfeng Securities Co., Ltd.
  • Ticker: 601162
  • Exchange: SHSE
  • Founded: 2000
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: CN¥24.524b
  • Shares outstanding: 8.67b
  • Website: https://www.tfzq.com

Number of Employees


Location

  • Tianfeng Securities Co., Ltd.
  • Building 2, Tianfeng Building
  • No. 217, Zhongbei Road
  • Wuhan
  • Hubei Province
  • 430071
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601162SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYOct 2018
601162XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYOct 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.