Central China Securities Co., Ltd.

DB:21C Stock Report

Market Cap: €2.2b

Central China Securities Valuation

Is 21C undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 21C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 21C (€0.19) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: 21C is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 21C?

Key metric: As 21C is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 21C. This is calculated by dividing 21C's market cap by their current earnings.
What is 21C's PE Ratio?
PE Ratio41.7x
EarningsCN¥166.95m
Market CapCN¥16.89b

Price to Earnings Ratio vs Peers

How does 21C's PE Ratio compare to its peers?

The above table shows the PE ratio for 21C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.5x
T2G Tradegate Wertpapierhandelsbank
86.6xn/a€2.2b
BFV Berliner Effektengesellschaft
59.4xn/a€816.3m
FTK flatexDEGIRO
12.4x8.5%€1.4b
EUX EUWAX
35.6xn/a€197.8m
21C Central China Securities
41.7xn/a€18.2b

Price-To-Earnings vs Peers: 21C is good value based on its Price-To-Earnings Ratio (41.7x) compared to the peer average (48.5x).

Price to Earnings Ratio vs Industry

How does 21C's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$411.15m
HXCK Ernst Russ
3.7x-18.2%US$205.53m
VG8 Varengold Bank
1.8xn/aUS$24.24m
XE8 Black Sea Property
0.7xn/aUS$7.73m
No more companies available in this PE range
21C 41.7xIndustry Avg. 20.1xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 21C is expensive based on its Price-To-Earnings Ratio (41.7x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is 21C'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.

21C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 21C's Price-To-Earnings Fair Ratio for valuation analysis.

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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