CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in China and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$8.05|
|52 Week High||HK$5.20|
|52 Week Low||HK$10.24|
|1 Month Change||-10.75%|
|3 Month Change||0.63%|
|1 Year Change||35.98%|
|3 Year Change||-29.76%|
|5 Year Change||-27.61%|
|Change since IPO||-8.52%|
Recent News & Updates
Is CITIC Limited (HKG:267) Trading At A 31% Discount?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of CITIC Limited...
CITIC's (HKG:267) Dividend Will Be Increased To HK$0.15
CITIC Limited's ( HKG:267 ) dividend will be increasing on the 3rd of November to HK$0.15, with investors receiving 50...
|267||HK Industrials||HK Market|
Return vs Industry: 267 exceeded the Hong Kong Industrials industry which returned 19.5% over the past year.
Return vs Market: 267 exceeded the Hong Kong Market which returned 6.2% over the past year.
Stable Share Price: 267 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 267's weekly volatility (4%) has been stable over the past year.
About the Company
CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in China and internationally. The company offers banking products and services; investment banking, brokerage, securities trading and lending, and asset management services; financial, wealth management, and trust services; and life, health, and accident insurance, as well as reinsurance products. It also engages in the exploration, development, and production of oil; coal mining; import and export of commodities; aluminum smelting; bauxite mining; alumina refining; manganese mining and processing; development of iron ore mine; production of copper and ferroniobium; and operation of coal-fired power stations.
CITIC Fundamentals Summary
|267 fundamental statistics|
Is 267 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|267 income statement (TTM)|
|Cost of Revenue||HK$440.82b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.54|
|Net Profit Margin||8.91%|
How did 267 perform over the long term?See historical performance and comparison
6.1%Current Dividend Yield
Is CITIC undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 267 (HK$8.05) is trading below our estimate of fair value (HK$11.66)
Significantly Below Fair Value: 267 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 267 is good value based on its PE Ratio (3.2x) compared to the Hong Kong Industrials industry average (6.1x).
PE vs Market: 267 is good value based on its PE Ratio (3.2x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 267 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 267's PB Ratio (0.3x) is in line with the HK Industrials industry average.
How is CITIC forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 267's forecast earnings growth (2.3% per year) is above the savings rate (1.5%).
Earnings vs Market: 267's earnings (2.3% per year) are forecast to grow slower than the Hong Kong market (17.6% per year).
High Growth Earnings: 267's earnings are forecast to grow, but not significantly.
Revenue vs Market: 267's revenue (0.8% per year) is forecast to grow slower than the Hong Kong market (12.6% per year).
High Growth Revenue: 267's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 267's Return on Equity is forecast to be low in 3 years time (10.1%).
How has CITIC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 267 has high quality earnings.
Growing Profit Margin: 267's current net profit margins (8.9%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: 267's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: 267's earnings growth over the past year (55.7%) exceeds its 5-year average (14% per year).
Earnings vs Industry: 267 earnings growth over the past year (55.7%) exceeded the Industrials industry 53.2%.
Return on Equity
High ROE: 267's Return on Equity (9.2%) is considered low.
How is CITIC's financial position?
Financial Position Analysis
Short Term Liabilities: 267's short term assets (HK$7,521.4B) exceed its short term liabilities (HK$5,202.0B).
Long Term Liabilities: 267's short term assets (HK$7,521.4B) exceed its long term liabilities (HK$3,919.4B).
Debt to Equity History and Analysis
Debt Level: 267's debt to equity ratio (164.4%) is considered high.
Reducing Debt: 267's debt to equity ratio has increased from 136.7% to 164.4% over the past 5 years.
Debt Coverage: 267's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 267's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is CITIC current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 267's dividend (6.06%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 267's dividend (6.06%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.79%).
Stability and Growth of Payments
Stable Dividend: 267's dividend payments have been volatile in the past 10 years.
Growing Dividend: 267's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.2%), 267's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 267's dividends in 3 years are forecast to be well covered by earnings (24.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
CITIC has no CEO, or we have no data on them.
Experienced Management: 267's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: 267's board of directors are considered experienced (6.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CITIC Limited's employee growth, exchange listings and data sources
- Name: CITIC Limited
- Ticker: 267
- Exchange: SEHK
- Founded: 1987
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Market Cap: HK$234.177b
- Shares outstanding: 29.09b
- Website: https://www.citic.com
Number of Employees
- CITIC Limited
- CITIC Tower
- 32nd Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:03|
|End of Day Share Price||2021/10/21 00:00|
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.