Guangzhou Yuexiu Capital Holdings Group Valuation

Q: What is the Fair Price of 000987 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000987 (CN¥7.47) is trading above our estimate of [[fair value]] (CN¥4.67)

Is 000987 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 000987 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000987 (CN¥7.47) is trading above our estimate of fair value (CN¥4.67)

Significantly Below Fair Value: 000987 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000987?

Key metric: As 000987 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000987. This is calculated by dividing 000987's market cap by their current earnings.
What is 000987's PE Ratio?
PE Ratio	18.2x
Earnings	CN¥2.06b
Market Cap	CN¥37.48b

000987 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	2.3x

Price to Earnings Ratio vs Peers

How does 000987's PE Ratio compare to its peers?

The above table shows the PE ratio for 000987 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	23.3x
601108 Caitong SecuritiesLtd	17.2x	7.4%	CN¥38.2b
000728 Guoyuan Securities	18x	5.5%	CN¥36.2b
601555 Soochow Securities	19.2x	5.1%	CN¥40.1b
002673 Western SecuritiesLtd	38.6x	9.9%	CN¥39.3b
000987 Guangzhou Yuexiu Capital Holdings Group	18.2x	8.1%	CN¥37.5b

Price-To-Earnings vs Peers: 000987 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does 000987's PE Ratio compare vs other companies in the CN Capital Markets Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
601878 Zheshang Securities	1.9x	13.5%	US$450.09m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000987 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the CN Capital Markets industry average (32.5x).

Price to Earnings Ratio vs Fair Ratio

What is 000987'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.

000987 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.2x
Fair PE Ratio	28.4x

Price-To-Earnings vs Fair Ratio: 000987 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

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$203.1b

Provides investment banking services in Mainland China and internationally.

601066

HK$27.26

-3.7%

6.3%

China International Capital

HK$135.7b

Provides financial services in Mainland China and internationally.

601995

HK$35.02

-3.1%

-12.2%

GF Securities

CN¥113.2b

Engages in the provision of capital market services for enterprises, individuals, institutional investors, financial institutions, and government clients in the People’s Republic of China.

776

CN¥16.30

-2.9%

13.4%