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1476

Hengtai Securities SEHK:1476 Stock Report

Last Price

HK$2.57

Market Cap

HK$6.7b

7D

0%

1Y

-14.3%

Updated

07 Oct, 2022

Data

Company Financials
1476 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

1476 Stock Overview

Hengtai Securities Co., Ltd provides a range of financial products and services in China.

Risk Analysis

No risks detected for 1476 from our risk checks.

Hengtai Securities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hengtai Securities
Historical stock prices
Current Share PriceHK$2.57
52 Week HighHK$3.73
52 Week LowHK$2.00
Beta0.086
1 Month Change-0.39%
3 Month Change-3.02%
1 Year Change-14.33%
3 Year Change-24.41%
5 Year Change-13.47%
Change since IPO-38.37%

Recent News & Updates

Shareholder Returns

1476HK Capital MarketsHK Market
7D0%2.6%3.8%
1Y-14.3%-37.3%-26.9%

Return vs Industry: 1476 exceeded the Hong Kong Capital Markets industry which returned -37.3% over the past year.

Return vs Market: 1476 exceeded the Hong Kong Market which returned -26.9% over the past year.

Price Volatility

Is 1476's price volatile compared to industry and market?
1476 volatility
1476 Average Weekly Movement0.3%
Capital Markets Industry Average Movement7.4%
Market Average Movement6.6%
10% most volatile stocks in HK Market13.0%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 1476 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: 1476's weekly volatility has decreased from 6% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,992Zhuang Niuhttps://www.cnht.com.cn

Hengtai Securities Co., Ltd provides a range of financial products and services in China. The company's Brokerage and Wealth Management segment trades in stocks, funds, bonds, and futures on behalf of the clients; and provides investment and financing solutions to high-end, professional, and institutional clients, including the sale of financial products, margin financing, and securities lending. Its Investment Banking segment offers corporate finance services comprising financial advisory, equity underwriting, and debt underwriting services, as well as over-the-counter services to institutional clients; and services to companies entering into National Equities Exchange and Quotations for share quotation and transfer.

Hengtai Securities Fundamentals Summary

How do Hengtai Securities's earnings and revenue compare to its market cap?
1476 fundamental statistics
Market CapHK$6.69b
Earnings (TTM)-HK$70.32m
Revenue (TTM)HK$3.21b

2.1x

P/S Ratio

-95.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1476 income statement (TTM)
RevenueCN¥2.91b
Cost of RevenueCN¥261.25m
Gross ProfitCN¥2.65b
Other ExpensesCN¥2.72b
Earnings-CN¥63.72m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.024
Gross Margin91.03%
Net Profit Margin-2.19%
Debt/Equity Ratio128.0%

How did 1476 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1476 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1476?

Other financial metrics that can be useful for relative valuation.

1476 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does 1476's PB Ratio compare to its peers?

1476 PB Ratio vs Peers
The above table shows the PB ratio for 1476 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.4x
1788 Guotai Junan International Holdings
0.4x25.8%HK$5.6b
1911 China Renaissance Holdings
0.5x38.4%HK$3.6b
665 Haitong International Securities Group
0.2x92.7%HK$4.4b
3678 Holly Futures
0.6xn/aHK$10.6b
1476 Hengtai Securities
0.7xn/aHK$6.7b

Price-To-Book vs Peers: 1476 is expensive based on its Price-To-Book Ratio (0.7x) compared to the peer average (0.4x).


Price to Earnings Ratio vs Industry

How does 1476's PE Ratio compare vs other companies in the HK Capital Markets Industry?

Price-To-Book vs Industry: 1476 is expensive based on its Price-To-Book Ratio (0.7x) compared to the Hong Kong Capital Markets industry average (0.5x)


Price to Book Ratio vs Fair Ratio

What is 1476's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1476 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 1476's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1476 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1476 (HK$2.57) is trading above our estimate of fair value (HK$0.78)

Significantly Below Fair Value: 1476 is trading above our estimate of fair value.


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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Future Growth

How is Hengtai Securities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.2%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hengtai Securities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Hengtai Securities's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Hengtai Securities competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Hengtai Securities performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1476 is currently unprofitable.

Growing Profit Margin: 1476 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1476 is unprofitable, but has reduced losses over the past 5 years at a rate of 0.1% per year.

Accelerating Growth: Unable to compare 1476's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1476 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (2.7%).


Return on Equity

High ROE: 1476 has a negative Return on Equity (-0.81%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Hengtai Securities's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1476's short term assets (CN¥31.7B) exceed its short term liabilities (CN¥24.6B).

Long Term Liabilities: 1476's short term assets (CN¥31.7B) exceed its long term liabilities (CN¥3.5B).


Debt to Equity History and Analysis

Debt Level: 1476 has more cash than its total debt.

Reducing Debt: 1476's debt to equity ratio has increased from 110.1% to 128% over the past 5 years.

Debt Coverage: 1476's debt is well covered by operating cash flow (27.3%).

Interest Coverage: Insufficient data to determine if 1476's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Hengtai Securities's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Hengtai Securities Dividend Yield vs Market
How does Hengtai Securities dividend yield compare to the market?
SegmentDividend Yield
Company (Hengtai Securities)0%
Market Bottom 25% (HK)3.0%
Market Top 25% (HK)8.8%
Industry Average (Capital Markets)4.9%
Analyst forecast in 3 Years (Hengtai Securities)n/a

Notable Dividend: Unable to evaluate 1476's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1476's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1476's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1476's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 1476 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1476 has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

Zhuang Niu (50 yo)

7.33yrs

Tenure

CN¥11,643,000

Compensation

Mr. Zhuang Niu has been the President of Hengtai Securities Co., Ltd since June 26, 2015. Mr. Niu is mainly responsible for formulating the Hengtai’s corporate and business strategies and making major corp...


Leadership Team

Experienced Management: 1476's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: 1476's board of directors are considered experienced (4.8 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

What is the ownership structure of 1476?
Owner TypeNumber of SharesOwnership Percentage
Public Companies308,000,00011.8%
General Public596,940,67922.9%
Institutions762,176,37529.3%
Private Companies937,450,35836.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 9 shareholders own 77.08% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.49%
TianFeng Securities Co., Ltd., Asset Management Arm
690,015,375CN¥1.8b0%68.22%
12.31%
Beijing Financial Street Investment Group Co., Ltd.
320,498,043CN¥823.7m0%no data
11.83%
Baotou Huazi Industry Co., Ltd
308,000,000CN¥791.6m0%no data
8.12%
Beijing Huarong Comprehensive Investment Co., Ltd.
211,472,315CN¥543.5m0%no data
5.91%
Tibet Dazi Huifa Investment Co., Ltd
154,000,000CN¥395.8m0%no data
4.74%
Beijing Hongzhi Huitong Industrial Co., Ltd.
123,500,000CN¥317.4m0%no data
2.77%
Guotai Asset Management Co., Ltd.
72,161,000CN¥185.5m0%0.13%
2.65%
Jinan Bojie Narong Information Technology Co., Ltd.
68,980,000CN¥177.3m0%no data
2.27%
Tengye Holding Group Co., Ltd.
59,000,000CN¥151.6m0%no data

Company Information

Hengtai Securities Co., Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Hengtai Securities Co., Ltd
  • Ticker: 1476
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: HK$6.694b
  • Shares outstanding: 2.60b
  • Website: https://www.cnht.com.cn

Number of Employees


Location

  • Hengtai Securities Co., Ltd
  • China Life Centre
  • 11th Floor
  • Beijing
  • 100033
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1476SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign shares-Foreign ListedHKHKDOct 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/07 00:00
End of Day Share Price2022/10/07 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.