Beijing Compass Technology Development (SZSE:300803) - Share price, News & Analysis

Q: What is the Fair Price of 300803 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300803 (CN¥57.69) is trading above our estimate of [[fair value]] (CN¥9.93)

300803 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	6/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

300803 Stock Overview

Beijing Compass Technology Development Co., Ltd.

Rewards

Earnings are forecast to grow 24.92% per year

Earnings grew by 120% over the past year

Risk Analysis

Volatile share price over the past 3 months

Beijing Compass Technology Development Competitors

Hithink RoyalFlush Information Network

SZSE:300033

CN¥47.3b

East Money InformationLtd

SZSE:300059

CN¥303.3b

Yongan FuturesLtd

SHSE:600927

CN¥28.5b

HUAXI Securities

SZSE:002926

CN¥21.1b

Price History & Performance

Summary of all time highs, changes and price drops for Beijing Compass Technology Development
Historical stock prices
Current Share Price	CN¥57.69
52 Week High	CN¥64.76
52 Week Low	CN¥31.60
Beta	0.13
1 Month Change	8.52%
3 Month Change	25.25%
1 Year Change	64.78%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	541.00%

Shareholder Returns

	300803	CN Capital Markets	CN Market
7D	6.3%	4.2%	1.6%
1Y	64.8%	-14.5%	-10.1%

Return vs Industry: 300803 exceeded the CN Capital Markets industry which returned -14.5% over the past year.

Return vs Market: 300803 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 300803's price volatile compared to industry and market?
300803 volatility
300803 Average Weekly Movement	8.9%
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: 300803 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 300803's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

Founded	Employees	CEO	Website
1997	1,711	Xiaoxiang Leng	https://www.compass.cn

Beijing Compass Technology Development Co., Ltd. develops and delivers securities analysis software and securities information solutions. The company was formerly known as Beijing Compass Securities Research Co., Ltd.

Beijing Compass Technology Development Fundamentals Summary

How do Beijing Compass Technology Development's earnings and revenue compare to its market cap?
300803 fundamental statistics
Market Cap	CN¥23.44b
Earnings (TTM)	CN¥346.47m
Revenue (TTM)	CN¥1.23b

67.6x

P/E Ratio

19.1x

P/S Ratio

Is 300803 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
300803 income statement (TTM)
Revenue	CN¥1.23b
Cost of Revenue	CN¥116.06m
Gross Profit	CN¥1.11b
Other Expenses	CN¥764.34m
Earnings	CN¥346.47m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.85
Gross Margin	90.54%
Net Profit Margin	28.24%
Debt/Equity Ratio	9.8%

How did 300803 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 300803 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300803?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 300803. This is calculated by dividing 300803's market cap by their current preferred multiple.
What is 300803's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥23.44b

300803 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	17.6x
Enterprise Value/EBITDA	59.4x
PEG Ratio	2.7x

Price to Earnings Ratio vs Peers

How does 300803's PE Ratio compare to its peers?

300803 PE Ratio vs Peers

The above table shows the PE ratio for 300803 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	26.7x
300033 Hithink RoyalFlush Information Network	25.5x	19.9%	CN¥47.3b
300059 East Money InformationLtd	34.4x	22.8%	CN¥303.3b
600927 Yongan FuturesLtd	28.2x	20.6%	CN¥28.5b
002926 HUAXI Securities	18.5x	n/a	CN¥21.1b
300803 Beijing Compass Technology Development	67.6x	24.9%	CN¥23.4b

Price-To-Earnings vs Peers: 300803 is expensive based on its Price-To-Earnings Ratio (67.6x) compared to the peer average (26.7x).

Price to Earnings Ratio vs Industry

How does 300803's PE Ratio compare vs other companies in the CN Capital Markets Industry?

Price-To-Earnings vs Industry: 300803 is expensive based on its Price-To-Earnings Ratio (67.6x) compared to the CN Capital Markets industry average (19.7x)

Price to Earnings Ratio vs Fair Ratio

What is 300803'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.

300803 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	67.6x
Fair PE Ratio	19.7x

Price-To-Earnings vs Fair Ratio: 300803 is expensive based on its Price-To-Earnings Ratio (67.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

Share Price vs Fair Value

What is the Fair Price of 300803 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300803 (CN¥57.69) is trading above our estimate of fair value (CN¥9.93)

Significantly Below Fair Value: 300803 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: Target price is less than 20% higher than the current share price.

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Future Growth

How is Beijing Compass Technology Development forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

24.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300803's forecast earnings growth (24.9% per year) is above the savings rate (3.2%).

Earnings vs Market: 300803's earnings (24.9% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: 300803's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300803's revenue (29.3% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 300803's revenue (29.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 300803's Return on Equity is forecast to be high in 3 years time (22.9%)

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Past Performance

How has Beijing Compass Technology Development performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

3.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300803 has high quality earnings.

Growing Profit Margin: 300803's current net profit margins (28.2%) are higher than last year (18.1%).

Past Earnings Growth Analysis

Earnings Trend: 300803's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: 300803's earnings growth over the past year (120%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: 300803 earnings growth over the past year (120%) exceeded the Capital Markets industry 5.7%.

Return on Equity

High ROE: 300803's Return on Equity (22.3%) is considered high.

Discover strong past performing companies

Financial Health

How is Beijing Compass Technology Development's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 300803's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥472.3M).

Long Term Liabilities: 300803's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥634.6M).

Debt to Equity History and Analysis

Debt Level: 300803 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 300803's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 300803's debt is well covered by operating cash flow (458.3%).

Interest Coverage: 300803 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Beijing Compass Technology Development current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 300803's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 300803's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 300803's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 300803's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 300803 is not paying a notable dividend for the CN market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 300803 has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average board tenure

CEO

Xiaoxiang Leng (40 yo)

1.33yrs

Tenure

CN¥1,520,000

Compensation

Mr. Xiaoxiang Leng is General Manager and Director of Beijing Compass Technology Development Co., Ltd. since April 26, 2021. He served as Vice President at Beijing Compass Technology Development Co., Ltd....

Board Members

Experienced Board: 300803's board of directors are considered experienced (7.9 years average tenure).

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/14 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31