China Galaxy Securities Co., Ltd.

SHSE:601881 Stock Report

Market Cap: CN¥141.8b

China Galaxy Securities Valuation

Is 601881 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 601881 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601881 (CN¥15.06) is trading below our estimate of fair value (CN¥15.63)

Significantly Below Fair Value: 601881 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601881?

Key metric: As 601881 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601881. This is calculated by dividing 601881's market cap by their current earnings.
What is 601881's PE Ratio?
PE Ratio10.4x
EarningsCN¥7.32b
Market CapCN¥141.79b

Price to Earnings Ratio vs Peers

How does 601881's PE Ratio compare to its peers?

The above table shows the PE ratio for 601881 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.7x
601688 Huatai Securities
10.4x2.7%CN¥154.9b
601211 Guotai Junan Securities
18.4x11.8%CN¥163.6b
002736 Guosen Securities
21.1x11.1%CN¥113.8b
000776 GF Securities
16.9x14.2%CN¥117.0b
601881 China Galaxy Securities
10.4x9.8%CN¥152.3b

Price-To-Earnings vs Peers: 601881 is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does 601881'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
601881 10.4xIndustry Avg. 33.2xNo. of Companies11PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601881 is good value based on its Price-To-Earnings Ratio (10.4x) compared to the CN Capital Markets industry average (33.2x).

Price to Earnings Ratio vs Fair Ratio

What is 601881'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.

601881 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: 601881 is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).

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

7D

-2.9%

1Y

6.8%

China Great Wall SecuritiesLtd

CN¥34.7b

Operates as a securities company in China.

2939

CN¥8.60

7D

-3.2%

1Y

1.4%

China International Capital

HK$141.1b

Provides financial services in Mainland China and internationally.

601995

HK$36.41

7D

-6.9%

1Y

-12.1%