2961 Stock Overview
Ruida Futures Co., Ltd. operates as a futures company in China.
Ruida Futures Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥17.04|
|52 Week High||CN¥30.10|
|52 Week Low||CN¥15.23|
|1 Month Change||5.19%|
|3 Month Change||6.70%|
|1 Year Change||-15.06%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||112.47%|
Recent News & Updates
|2961||CN Capital Markets||CN Market|
Return vs Industry: 002961 matched the CN Capital Markets industry which returned -14.5% over the past year.
Return vs Market: 002961 underperformed the CN Market which returned -10.1% over the past year.
|2961 Average Weekly Movement||4.7%|
|Capital Markets Industry Average Movement||4.6%|
|Market Average Movement||6.0%|
|10% most volatile stocks in CN Market||9.1%|
|10% least volatile stocks in CN Market||3.9%|
Stable Share Price: 002961 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 002961's weekly volatility (5%) has been stable over the past year.
About the Company
Ruida Futures Co., Ltd. operates as a futures company in China. The company offers stock index and commodity futures, options, crude oil futures, and brokerage services; and investment advisory, risk management, and asset management services. It also operates a futures college; and provides real estate development services.
Ruida Futures Fundamentals Summary
|2961 fundamental statistics|
Is 2961 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2961 income statement (TTM)|
|Cost of Revenue||CN¥471.57m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.15|
|Net Profit Margin||24.43%|
How did 2961 perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is 2961 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2961?
Other financial metrics that can be useful for relative valuation.
|What is 2961's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2961's PE Ratio compare to its peers?
|2961 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
603093 Nanhua Futures
600621 Shanghai Chinafortune
600155 Polaris Bay GroupLtd
000686 Northeast Securities
002961 Ruida Futures
Price-To-Earnings vs Peers: 002961 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (21.9x).
Price to Earnings Ratio vs Industry
How does 2961's PE Ratio compare vs other companies in the CN Capital Markets Industry?
Price-To-Earnings vs Industry: 002961 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the CN Capital Markets industry average (19.7x)
Price to Earnings Ratio vs Fair Ratio
What is 2961'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.
|Current PE Ratio||14.8x|
|Fair PE Ratio||22.4x|
Price-To-Earnings vs Fair Ratio: 002961 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).
Share Price vs Fair Value
What is the Fair Price of 2961 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002961 (CN¥17.04) is trading above our estimate of fair value (CN¥7.02)
Significantly Below Fair Value: 002961 is trading above our estimate of fair value.
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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How is Ruida Futures forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002961's forecast earnings growth (36.5% per year) is above the savings rate (3.2%).
Earnings vs Market: 002961's earnings (36.5% per year) are forecast to grow faster than the CN market (24.5% per year).
High Growth Earnings: 002961's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 002961's revenue (29.1% per year) is forecast to grow faster than the CN market (17.7% per year).
High Growth Revenue: 002961's revenue (29.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002961's Return on Equity is forecast to be high in 3 years time (29.3%)
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How has Ruida Futures performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002961 has a high level of non-cash earnings.
Growing Profit Margin: 002961's current net profit margins (24.4%) are higher than last year (19.9%).
Past Earnings Growth Analysis
Earnings Trend: 002961's earnings have grown significantly by 41.6% per year over the past 5 years.
Accelerating Growth: 002961's earnings growth over the past year (61.7%) exceeds its 5-year average (41.6% per year).
Earnings vs Industry: 002961 earnings growth over the past year (61.7%) exceeded the Capital Markets industry 5.7%.
Return on Equity
High ROE: 002961's Return on Equity (20.4%) is considered high.
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How is Ruida Futures's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002961's short term assets (CN¥16.6B) exceed its short term liabilities (CN¥13.7B).
Long Term Liabilities: 002961's short term assets (CN¥16.6B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002961 has more cash than its total debt.
Reducing Debt: 002961's debt to equity ratio has increased from 11.6% to 39% over the past 5 years.
Debt Coverage: 002961's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: Insufficient data to determine if 002961's interest payments on its debt are well covered by EBIT.
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What is Ruida Futures's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002961's dividend (1.94%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).
High Dividend: 002961's dividend (1.94%) is in the top 25% of dividend payers in the CN market (1.87%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 002961 has been paying a dividend for less than 10 years.
Growing Dividend: 002961's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29%), 002961's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002961 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Chang Ge (54 yo)
Mr. Chang Ge is General Manager & Director of Ruida Futures Co., Ltd. from November 2012.
Experienced Board: 002961's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ruida Futures Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Ruida Futures Co., Ltd.
- Ticker: 2961
- Exchange: SZSE
- Founded: 1993
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: CN¥7.583b
- Shares outstanding: 445.03m
- Website: https://www.rdqh.com
Number of Employees
- Ruida Futures Co., Ltd.
- No.169, Tapu East Road
- 13th Floor
- Fujian Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/14 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.