How does 600918's PE Ratio compare to its peers?

600918 is expensive based on its Price-To-Earnings Ratio (117x) compared to the peer average (33.8x).

How does 600918's PE Ratio compare vs other companies in the CN Capital Markets Industry?

600918 is expensive based on its Price-To-Earnings Ratio (117x) compared to the CN Capital Markets industry average (32.9x).

What is 600918'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.

600918 is expensive based on its Price-To-Earnings Ratio (117x) compared to the estimated Fair Price-To-Earnings Ratio (43x).

What is the Fair Price of 600918 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600918 (CN¥6.87) is trading above our estimate of [[fair value]] (CN¥1.07)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

600918 Stock Overview

Provides securities brokerage services in China. More details

600918 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	2/6

Rewards

Earnings are forecast to grow 35.78% per year

Risk Analysis

Profit margins (3.8%) are lower than last year (14.1%)

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Zhongtai Securities Co., Ltd. Competitors

SDIC CapitalLtd

SHSE:600061

CN¥50.3b

Cinda Securities

SHSE:601059

CN¥49.3b

Western SecuritiesLtd

SZSE:002673

CN¥38.3b

Zheshang Securities

SHSE:601878

CN¥57.0b

Price History & Performance

Summary of share price highs, lows and changes for Zhongtai Securities
Historical stock prices
Current Share Price	CN¥6.87
52 Week High	CN¥8.05
52 Week Low	CN¥5.30
Beta	0.98
1 Month Change	2.84%
3 Month Change	14.88%
1 Year Change	2.84%
3 Year Change	-31.30%
5 Year Change	n/a
Change since IPO	-61.83%

Recent updates

Shareholder Returns

	600918	CN Capital Markets	CN Market
7D	-0.6%	-1.3%	-2.1%
1Y	2.8%	33.3%	9.8%

Return vs Industry: 600918 underperformed the CN Capital Markets industry which returned 33.3% over the past year.

Return vs Market: 600918 underperformed the CN Market which returned 9.8% over the past year.

Price Volatility

Is 600918's price volatile compared to industry and market?
600918 volatility
600918 Average Weekly Movement	6.9%
Capital Markets Industry Average Movement	8.1%
Market Average Movement	8.8%
10% most volatile stocks in CN Market	13.0%
10% least volatile stocks in CN Market	5.8%

Stable Share Price: 600918 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 600918's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	9,889	Yidong Feng	www.zts.com.cn

Zhongtai Securities Co., Ltd. provides securities brokerage services in China. The company provides wealth management services, including transaction service, financial product, integrated financial services systems, as well as fintech platform; credit business, such as margin financing and securities lending business, refinancing and securities lending business, stock pledge repurchase transaction business, agreed repurchase securities trading business, and equity incentive exercise financing business; and buy back services. It offers option and future business; institutional brokerage; investment bank; research services; share management; securities investment transactions; fintech services; and financial products and transfer market.

Zhongtai Securities Co., Ltd. Fundamentals Summary

How do Zhongtai Securities's earnings and revenue compare to its market cap?
600918 fundamental statistics
Market cap	CN¥47.87b
Earnings (TTM)	CN¥409.18m
Revenue (TTM)	CN¥10.77b

117.0x

P/E Ratio

4.4x

P/S Ratio

Is 600918 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
600918 income statement (TTM)
Revenue	CN¥10.77b
Cost of Revenue	CN¥7.93b
Gross Profit	CN¥2.84b
Other Expenses	CN¥2.43b
Earnings	CN¥409.18m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.059
Gross Margin	26.39%
Net Profit Margin	3.80%
Debt/Equity Ratio	184.9%

How did 600918 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

81%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 01:36
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zhongtai Securities Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Liang Tian	Citic Securities Co., Ltd.