Guotai Junan Securities Co., Ltd.

SHSE:601211 Stock Report

Market Cap: CN¥158.2b

Guotai Junan Securities Valuation

Is 601211 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 601211 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601211 (CN¥18.99) is trading above our estimate of fair value (CN¥13.26)

Significantly Below Fair Value: 601211 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601211?

Key metric: As 601211 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601211. This is calculated by dividing 601211's market cap by their current earnings.
What is 601211's PE Ratio?
PE Ratio17.6x
EarningsCN¥9.56b
Market CapCN¥158.21b

Price to Earnings Ratio vs Peers

How does 601211's PE Ratio compare to its peers?

The above table shows the PE ratio for 601211 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.6x
601688 Huatai Securities
10.4x2.7%CN¥147.3b
600999 China Merchants Securities
18.3x13.2%CN¥158.4b
002736 Guosen Securities
21x11.1%CN¥108.7b
000776 GF Securities
16.9x14.2%CN¥112.2b
601211 Guotai Junan Securities
17.6x12.9%CN¥158.2b

Price-To-Earnings vs Peers: 601211 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (16.6x).

Price to Earnings Ratio vs Industry

How does 601211'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
601211 17.6xIndustry Avg. 32.0xNo. of Companies11PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601211 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the CN Capital Markets industry average (32x).

Price to Earnings Ratio vs Fair Ratio

What is 601211'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.

601211 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio34.9x

Price-To-Earnings vs Fair Ratio: 601211 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (34.9x).

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 601211 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.99
CN¥19.40
+2.2%
22.8%CN¥27.33CN¥13.40n/a9
Nov ’25CN¥18.87
CN¥18.51
-1.9%
22.7%CN¥27.33CN¥13.40n/a9
Oct ’25n/a
CN¥16.91
0%
11.8%CN¥19.50CN¥13.40n/a9
Sep ’25CN¥14.76
CN¥16.81
+13.9%
11.6%CN¥19.50CN¥13.40n/a10
Aug ’25CN¥14.55
CN¥17.83
+22.5%
13.0%CN¥22.01CN¥15.00n/a10
Jul ’25CN¥13.78
CN¥17.83
+29.4%
13.0%CN¥22.01CN¥15.00n/a10
Jun ’25CN¥13.94
CN¥17.83
+27.9%
13.0%CN¥22.01CN¥15.00n/a10
May ’25CN¥13.76
CN¥17.77
+29.1%
12.9%CN¥22.01CN¥15.00n/a10
Apr ’25CN¥13.97
CN¥18.32
+31.1%
10.9%CN¥21.05CN¥16.00n/a9
Mar ’25CN¥15.10
CN¥18.42
+22.0%
11.4%CN¥21.83CN¥16.00n/a9
Feb ’25CN¥14.64
CN¥17.64
+20.5%
19.8%CN¥21.83CN¥9.49n/a9
Jan ’25CN¥14.88
CN¥17.27
+16.0%
19.2%CN¥21.83CN¥9.49n/a9
Dec ’24CN¥15.07
CN¥17.13
+13.6%
20.3%CN¥21.83CN¥9.49n/a8
Nov ’24CN¥14.92
CN¥17.13
+14.8%
20.3%CN¥21.83CN¥9.49CN¥18.878
Oct ’24CN¥14.54
CN¥17.53
+20.6%
19.5%CN¥22.84CN¥9.49n/a10
Sep ’24CN¥14.57
CN¥17.46
+19.9%
19.7%CN¥22.84CN¥9.49CN¥14.7610
Aug ’24CN¥15.50
CN¥17.56
+13.3%
18.6%CN¥21.40CN¥9.49CN¥14.5510
Jul ’24CN¥13.99
CN¥17.65
+26.2%
18.6%CN¥21.40CN¥9.49CN¥13.7810
Jun ’24CN¥14.80
CN¥17.65
+19.3%
18.6%CN¥21.40CN¥9.49CN¥13.9410
May ’24CN¥15.12
CN¥17.73
+17.3%
19.0%CN¥21.70CN¥9.49CN¥13.7610
Apr ’24CN¥14.36
CN¥17.52
+22.0%
19.1%CN¥21.70CN¥9.49CN¥13.979
Mar ’24CN¥14.46
CN¥17.46
+20.8%
18.8%CN¥21.20CN¥9.49CN¥15.109
Feb ’24CN¥14.55
CN¥17.46
+20.0%
18.8%CN¥21.20CN¥9.49CN¥14.649
Jan ’24CN¥13.59
CN¥17.46
+28.5%
18.8%CN¥21.20CN¥9.49CN¥14.889
Dec ’23CN¥14.12
CN¥17.70
+25.4%
15.4%CN¥21.20CN¥11.64CN¥15.079
Nov ’23CN¥13.44
CN¥18.31
+36.3%
14.5%CN¥21.20CN¥11.64CN¥14.9210

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

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