Hongta Securities Valuation

Is 601236 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 601236 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 601236's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 601236's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601236?

Key metric: As 601236 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601236. This is calculated by dividing 601236's market cap by their current earnings.
What is 601236's PE Ratio?
PE Ratio	54.4x
Earnings	CN¥749.69m
Market Cap	CN¥40.75b

601236 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	-11.7x

Price to Earnings Ratio vs Peers

How does 601236's PE Ratio compare to its peers?

The above table shows the PE ratio for 601236 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26.3x
002939 China Great Wall SecuritiesLtd	26.2x	11.5%	CN¥34.7b
600390 Minmetals Capital	22.7x	16.1%	CN¥34.2b
601377 Industrial SecuritiesLtd	33.3x	14.8%	CN¥56.7b
000783 Changjiang Securities	23x	8.4%	CN¥38.9b
601236 Hongta Securities	54.4x	-4.7%	CN¥40.8b

Price-To-Earnings vs Peers: 601236 is expensive based on its Price-To-Earnings Ratio (54.4x) compared to the peer average (26.3x).

Price to Earnings Ratio vs Industry

How does 601236's PE Ratio compare vs other companies in the CN Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 601236 is expensive based on its Price-To-Earnings Ratio (54.4x) compared to the CN Capital Markets industry average (33.1x).

Price to Earnings Ratio vs Fair Ratio

What is 601236'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.

601236 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	54.4x
Fair PE Ratio	23.6x

Price-To-Earnings vs Fair Ratio: 601236 is expensive based on its Price-To-Earnings Ratio (54.4x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).

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.

Discover undervalued companies

CSC Financial

HK$211.9b

Provides investment banking services in Mainland China and internationally.

601066

HK$28.44

-2.9%

6.8%

China Great Wall SecuritiesLtd

CN¥34.7b

Operates as a securities company in China.

2939

CN¥8.60

-3.2%

1.4%

China International Capital

HK$141.1b

Provides financial services in Mainland China and internationally.

601995

HK$36.41

-6.9%

-12.1%