GF Securities Co., Ltd.

XSEC:000776 Stock Report

Market Cap: CN¥117.0b

GF Securities Valuation

Is 000776 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 000776 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000776 (CN¥16.78) is trading above our estimate of fair value (CN¥10.39)

Significantly Below Fair Value: 000776 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000776?

Key metric: As 000776 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000776. This is calculated by dividing 000776's market cap by their current earnings.
What is 000776's PE Ratio?
PE Ratio17.6x
EarningsCN¥7.25b
Market CapCN¥116.96b

Price to Earnings Ratio vs Peers

How does 000776's PE Ratio compare to its peers?

The above table shows the PE ratio for 000776 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
002736 Guosen Securities
22.2x11.1%CN¥114.3b
000166 Shenwan Hongyuan Group
33.6x17.7%CN¥130.1b
600958 Orient Securities
30.8x13.3%CN¥85.1b
600999 China Merchants Securities
19.3x13.2%CN¥165.4b
000776 GF Securities
17.6x13.2%CN¥117.0b

Price-To-Earnings vs Peers: 000776 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does 000776'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
000776 17.6xIndustry Avg. 33.1xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000776 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the CN Capital Markets industry average (32.6x).

Price to Earnings Ratio vs Fair Ratio

What is 000776'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.

000776 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio33.8x

Price-To-Earnings vs Fair Ratio: 000776 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (33.8x).

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 000776 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥16.78
CN¥19.33
+15.2%
21.9%CN¥26.80CN¥11.60n/a12
Nov ’25CN¥16.11
CN¥18.99
+17.9%
22.9%CN¥26.80CN¥11.60n/a11
Oct ’25CN¥16.70
CN¥14.89
-10.9%
17.5%CN¥17.20CN¥9.10n/a11
Sep ’25CN¥11.84
CN¥15.01
+26.8%
18.0%CN¥17.69CN¥9.10n/a11
Aug ’25CN¥12.52
CN¥15.82
+26.4%
13.6%CN¥19.07CN¥12.13n/a10
Jul ’25CN¥12.20
CN¥16.38
+34.2%
14.9%CN¥21.53CN¥12.13n/a12
Jun ’25CN¥12.87
CN¥16.38
+27.3%
14.9%CN¥21.53CN¥12.13n/a12
May ’25CN¥13.21
CN¥16.55
+25.3%
15.4%CN¥21.53CN¥12.13n/a12
Apr ’25CN¥13.46
CN¥16.76
+24.5%
15.9%CN¥21.53CN¥12.13n/a11
Mar ’25CN¥14.22
CN¥17.55
+23.4%
18.2%CN¥23.04CN¥12.13n/a11
Feb ’25CN¥13.57
CN¥17.70
+30.5%
18.7%CN¥23.04CN¥12.13n/a10
Jan ’25CN¥14.29
CN¥17.87
+25.0%
18.0%CN¥23.04CN¥12.13n/a10
Dec ’24CN¥14.51
CN¥18.04
+24.3%
19.1%CN¥23.26CN¥12.13n/a10
Nov ’24CN¥14.76
CN¥18.06
+22.4%
19.1%CN¥23.26CN¥12.13CN¥16.1110
Oct ’24CN¥14.67
CN¥17.98
+22.6%
20.4%CN¥24.74CN¥12.50CN¥16.7012
Sep ’24CN¥15.18
CN¥17.82
+17.4%
20.1%CN¥24.74CN¥12.50CN¥11.8413
Aug ’24CN¥16.22
CN¥17.83
+9.9%
20.2%CN¥24.90CN¥12.50CN¥12.5213
Jul ’24CN¥14.71
CN¥17.91
+21.8%
19.9%CN¥24.90CN¥12.50CN¥12.2013
Jun ’24CN¥14.91
CN¥17.91
+20.1%
19.9%CN¥24.90CN¥12.50CN¥12.8713
May ’24CN¥15.34
CN¥17.94
+17.0%
20.3%CN¥24.81CN¥12.50CN¥13.2113
Apr ’24CN¥15.77
CN¥17.82
+13.0%
20.4%CN¥24.81CN¥12.50CN¥13.4612
Mar ’24CN¥16.58
CN¥17.99
+8.5%
21.3%CN¥26.17CN¥12.50CN¥14.2212
Feb ’24CN¥17.88
CN¥17.99
+0.6%
21.3%CN¥26.17CN¥12.50CN¥13.5712
Jan ’24CN¥15.49
CN¥17.52
+13.1%
24.1%CN¥26.17CN¥10.58CN¥14.2912
Dec ’23CN¥16.29
CN¥17.63
+8.2%
23.3%CN¥26.17CN¥10.58CN¥14.5112
Nov ’23CN¥14.17
CN¥17.57
+24.0%
24.3%CN¥26.17CN¥10.58CN¥14.7611

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

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