Market Cap
HK$232.7b
Last Updated
2020/07/10 12:36 UTC
Data Sources
Company Financials +
Executive Summary
CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in China and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record, good value and pays a dividend.
Similar Companies
Share Price & News
How has CITIC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 267 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.1%
267
-1.2%
HK Industrials
3.0%
HK Market
1 Year Return
-28.1%
267
-28.7%
HK Industrials
-0.9%
HK Market
Return vs Industry: 267 matched the Hong Kong Industrials industry which returned -27.6% over the past year.
Return vs Market: 267 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 267 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | -1.2% | 3.0% |
| 30 Day | -4.7% | -5.7% | 6.1% |
| 90 Day | -2.9% | -5.6% | 12.1% |
| 1 Year | -24.0%-28.1% | -24.7%-28.7% | 3.1%-0.9% |
| 3 Year | -25.3%-34.0% | -30.0%-38.4% | 7.1%-4.4% |
| 5 Year | -32.1%-43.1% | -37.2%-47.4% | 8.7%-9.4% |
Price Volatility Vs. Market
How volatile is CITIC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Could CITIC Limited (HKG:267) Have The Makings Of Another Dividend Aristocrat?3 weeks ago | Simply Wall St
CITIC Limited (HKG:267) Passed Our Checks, And It's About To Pay A HK$0.28 Dividend1 month ago | Simply Wall St
Does CITIC's (HKG:267) Statutory Profit Adequately Reflect Its Underlying Profit?Valuation
Is CITIC undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 267 (HK$7.77) is trading below our estimate of fair value (HK$35.17)
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 (4.2x) compared to the HK Industrials industry average (5.5x).
PE vs Market: 267 is good value based on its PE Ratio (4.2x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: 267 is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: 267's PB Ratio (0.4x) is in line with the HK Industrials industry average.
Next Steps
Future Growth
How is CITIC forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
1.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 267's forecast earnings growth (1.6% per year) is above the savings rate (1.6%).
Earnings vs Market: 267's earnings (1.6% per year) are forecast to grow slower than the Hong Kong market (17.7% per year).
High Growth Earnings: 267's earnings are forecast to grow, but not significantly.
Revenue vs Market: 267's revenue is expected to decline over the next 3 years (-4% per year).
High Growth Revenue: 267's revenue is forecast to decline over the next 3 years (-4% 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 (9.2%).
Next Steps
Past Performance
How has CITIC performed over the past 5 years?
6.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 267 has high quality earnings.
Growing Profit Margin: 267's current net profit margins (7.4%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: 267's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: 267's earnings growth over the past year (7.3%) exceeds its 5-year average (6.1% per year).
Earnings vs Industry: 267 earnings growth over the past year (7.3%) exceeded the Industrials industry 1.3%.
Return on Equity
High ROE: 267's Return on Equity (8.7%) is considered low.
Next Steps
Financial Health
How is CITIC's financial position?
Financial Position Analysis
Short Term Liabilities: 267's short term assets (HK$6,739.7B) exceed its short term liabilities (HK$4,285.4B).
Long Term Liabilities: 267's short term assets (HK$6,739.7B) exceed its long term liabilities (HK$3,110.0B).
Debt to Equity History and Analysis
Debt Level: 267's debt to equity ratio (166.1%) is considered high.
Reducing Debt: 267's debt to equity ratio has increased from 110.5% to 166.1% over the past 5 years.
Debt Coverage: 267's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: 267's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Next Steps
Dividend
What is CITIC current dividend yield, its reliability and sustainability?
5.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 267's dividend (5.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 267's dividend (5.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.67%).
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 reasonably low payout ratio (25.1%), 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 (24.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Jiong Wang (60yo)
5.83yrs
Tenure
HK$970,000
Compensation
Mr. Wang Jiong served as Vice Chairman and President of CITIC Group Corporation. Mr. Jiong served as Vice Chairman and President of CITIC Corporation Limited. He has been the Vice Chairman and President of ...
CEO Compensation Analysis
Compensation vs Market: Jiong's total compensation ($USD125.16K) is below average for companies of similar size in the Hong Kong market ($USD782.77K).
Compensation vs Earnings: Jiong's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & President | 5.83yrs | HK$970.00k | no data | |
| VP & Executive Director | 4.58yrs | HK$910.00k | no data | |
| Executive Chairman | 0.33yr | no data | no data | |
| Chief Financial Officer | no data | no data | no data | |
| General Manager of Technical Services | no data | no data | no data | |
| Director of Group Investor Relations & Corporate Communications | no data | no data | no data | |
| Group General Counsel & Joint Company Secretary | 9.5yrs | no data | no data | |
| General Manager of Sales & Marketing | no data | no data | no data | |
| Vice Chairman of the Executive Committee | 3.83yrs | no data | no data | |
| Vice President | 3.92yrs | no data | no data |
3.9yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 267's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & President | 5.83yrs | HK$970.00k | no data | |
| VP & Executive Director | 4.58yrs | HK$910.00k | no data | |
| Executive Chairman | 0.33yr | no data | no data | |
| Independent Non-Executive Director | 1.33yrs | HK$330.00k | no data | |
| Independent Non-Executive Director | 5.58yrs | HK$380.00k | no data | |
| Chairman of CITIC Telecom 1616 Limited | no data | no data | no data | |
| Chairman of CITIC Telecom International Holdings Limited | no data | no data | no data | |
| Independent Non-Executive Director | 7.58yrs | HK$630.00k | no data | |
| Independent Non-Executive Director | 9.17yrs | HK$630.00k | no data | |
| Non-Executive Director | 5.83yrs | no data | no data |
5.7yrs
Average Tenure
68yo
Average Age
Experienced Board: 267's board of directors are considered experienced (5.7 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CITIC Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CITIC Limited
- Ticker: 267
- Exchange: SEHK
- Founded: 1987
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Market Cap: HK$232.722b
- Shares outstanding: 29.09b
- Website: https://www.citic.com
Number of Employees
Location
- CITIC Limited
- CITIC Tower
- No. 10 Guanghualu
- Beijing
- 100020
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTPC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 267 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| CPF | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 267 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| 267 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| CTPC.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Mar 2002 |
Biography
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. In addition, the company manufactures special steel, bars, plates, steel tubes, forged steel, wires, and casting billets. Further, it provides engineering contracting services for infrastructure, housing, municipal, and industrial facilities, as well as agriculture, energy, and resources sectors; and engineering services in the areas of urban development and ecological preservation projects. Additionally, the company engages in the urban renewal and development projects, including residential properties; ownership and operation of a portfolio of commercial and industrial properties; provision of telecommunication services; investment and management of ports and port terminals; distribution of motor vehicles and related services, food and FMCG products, and healthcare and electrical products; and provision of logistics, commercial aviation, and publication services. The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. The company was founded in 1987 and is headquartered in Beijing, China. CITIC Limited is a subsidiary of CITIC Group Corporation.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/10 12:36 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.