Guotai Junan Securities Co., Ltd.

SHSE:601211 Stock Report

Market Cap: CN¥156.2b

Guotai Junan Securities Valuation

Is 601211 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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¥18.91) is trading above our estimate of fair value (CN¥12.76)

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¥156.21b

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 Average20x
601688 Huatai Securities
10.7x3.0%CN¥152.2b
600999 China Merchants Securities
18.9x13.2%CN¥163.5b
000166 Shenwan Hongyuan Group
33.1x21.3%CN¥127.9b
000776 GF Securities
17.3x15.1%CN¥114.1b
601211 Guotai Junan Securities
17.6x14.4%CN¥156.2b

Price-To-Earnings vs Peers: 601211 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (20x).

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. 33.4xNo. of Companies10PE020406080100+
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 (33.4x).

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 Ratio35.6x

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 (35.6x).

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¥18.91
CN¥19.73
+4.3%
23.2%CN¥27.33CN¥13.40n/a8
Dec ’25CN¥18.93
CN¥19.40
+2.5%
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¥9.49CN¥18.938
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 20:27
End of Day Share Price 2024/12/26 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

Guotai Junan Securities Co., Ltd. is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Susie LiuBofA Global Research
Michael LiBofA Global Research
Yung ChenCCB International Securities Limited