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267

CITICSEHK:267 Stock Report

Market Cap

HK$234.2b

7D

0.4%

1Y

36.0%

Updated

21 Oct, 2021

Data

Company Financials +
267 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health2/6
Dividends4/6

267 Overview

CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in China and internationally.

CITIC Competitors

Henderson Land Development

SEHK:12

HK$156.6b

Lifestyle International Holdings

SEHK:1212

HK$6.6b

Hong Kong Ferry (Holdings)

SEHK:50

HK$2.0b

Price History & Performance

Summary of all time highs, changes and price drops for CITIC
Historical stock prices
Current Share PriceHK$8.05
52 Week HighHK$5.20
52 Week LowHK$10.24
Beta0.63
1 Month Change-10.75%
3 Month Change0.63%
1 Year Change35.98%
3 Year Change-29.76%
5 Year Change-27.61%
Change since IPO-8.52%

Recent News & Updates

Oct 04
Is CITIC Limited (HKG:267) Trading At A 31% Discount?

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...

Aug 29
CITIC's (HKG:267) Dividend Will Be Increased To HK$0.15

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...

Shareholder Returns

267HK IndustrialsHK Market
7D0.4%0.7%1.8%
1Y36.0%17.7%5.7%

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.

Price Volatility

Is 267's price volatile compared to industry and market?
267 volatility
267 Beta0.63
Industry Beta0.84
Market Beta1

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

FoundedEmployeesCEOWebsite
1987135,304n/ahttps://www.citic.com

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

How do CITIC's earnings and revenue compare to its market cap?
267 fundamental statistics
Market CapHK$234.18b
Earnings (TTM)HK$73.79b
Revenue (TTM)HK$828.48b

3.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
267 income statement (TTM)
RevenueHK$828.48b
Cost of RevenueHK$440.82b
Gross ProfitHK$387.66b
ExpensesHK$313.87b
EarningsHK$73.79b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.54
Gross Margin46.79%
Net Profit Margin8.91%
Debt/Equity Ratio164.4%

How did 267 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is CITIC undervalued compared to its fair value and its price relative to the market?

30.9%

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.


Future Growth

How is CITIC forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

2.3%

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%).


Past Performance

How has CITIC performed over the past 5 years?

14.0%

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.


Financial Health

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).


Balance Sheet


Dividend

What is CITIC current dividend yield, its reliability and sustainability?

6.06%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

CITIC has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 267's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 267's board of directors are considered experienced (6.2 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 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$234.177b
  • Shares outstanding: 29.09b
  • Website: https://www.citic.com

Number of Employees


Location

  • CITIC Limited
  • CITIC Tower
  • 32nd Floor
  • Central
  • 100020
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.