3908 Stock Overview
China International Capital Corporation Limited provides financial services in Mainland China and internationally.
No risks detected for 3908 from our risk checks.
China International Capital Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$16.48|
|52 Week High||HK$23.80|
|52 Week Low||HK$13.02|
|1 Month Change||15.25%|
|3 Month Change||-3.06%|
|1 Year Change||-24.40%|
|3 Year Change||4.57%|
|5 Year Change||43.06%|
|Change since IPO||49.28%|
Recent News & Updates
Here's Why I Think China International Capital (HKG:3908) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|3908||HK Capital Markets||HK Market|
Return vs Industry: 3908 underperformed the Hong Kong Capital Markets industry which returned -19.8% over the past year.
Return vs Market: 3908 underperformed the Hong Kong Market which returned -23.3% over the past year.
|3908 Average Weekly Movement||6.5%|
|Capital Markets Industry Average Movement||7.3%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 3908 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 3908's weekly volatility (7%) has been stable over the past year.
About the Company
China International Capital Corporation Limited provides financial services in Mainland China and internationally. The company operates through six segments: Investment Banking; Equities; Fixed Income, Commodities, and Currencies (FICC); Asset Management; Private Equity; and Wealth Management. The Investment Banking segment provides investment banking services, including equity financing, debt, and structured financing and financial advisory services.
China International Capital Fundamentals Summary
|3908 fundamental statistics|
Is 3908 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3908 income statement (TTM)|
|Cost of Revenue||CN¥2.13b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.11|
|Net Profit Margin||31.58%|
How did 3908 perform over the long term?See historical performance and comparison
2.1%Current Dividend Yield
Does 3908 pay a reliable dividends?See 3908 dividend history and benchmarks
|China International Capital dividend dates|
|Ex Dividend Date||Jun 27 2022|
|Dividend Pay Date||Aug 19 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||54 days|
Does 3908 pay a reliable dividends?See 3908 dividend history and benchmarks
Is 3908 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3908?
Other financial metrics that can be useful for relative valuation.
|What is 3908's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3908's PE Ratio compare to its peers?
|3908 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 3908 is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (8.6x).
Price to Earnings Ratio vs Industry
How does 3908's PE Ratio compare vs other companies in the Hong Kong Capital Markets Industry?
Price-To-Earnings vs Industry: 3908 is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Hong Kong Capital Markets industry average (8.1x)
Price to Earnings Ratio vs Fair Ratio
What is 3908'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.
|Current PE Ratio||6.6x|
|Fair PE Ratio||7.9x|
Price-To-Earnings vs Fair Ratio: 3908 is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.9x).
Share Price vs Fair Value
What is the Fair Price of 3908 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3908 (HK$16.48) is trading below our estimate of fair value (HK$33.91)
Significantly Below Fair Value: 3908 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 3908 is good value based on its PEG Ratio (0.4x)
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How is China International Capital forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3908's forecast earnings growth (18.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 3908's earnings (18.4% per year) are forecast to grow faster than the Hong Kong market (17% per year).
High Growth Earnings: 3908's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3908's revenue (16.3% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).
High Growth Revenue: 3908's revenue (16.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3908's Return on Equity is forecast to be low in 3 years time (13.3%).
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How has China International Capital performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3908 has high quality earnings.
Growing Profit Margin: 3908's current net profit margins (31.6%) are higher than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: 3908's earnings have grown significantly by 32.5% per year over the past 5 years.
Accelerating Growth: 3908's earnings growth over the past year (32.5%) is below its 5-year average (32.5% per year).
Earnings vs Industry: 3908 earnings growth over the past year (32.5%) exceeded the Capital Markets industry 13.6%.
Return on Equity
High ROE: 3908's Return on Equity (11.8%) is considered low.
Discover strong past performing companies
How is China International Capital's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 3908's short term assets (CN¥596.7B) exceed its short term liabilities (CN¥391.7B).
Long Term Liabilities: 3908's short term assets (CN¥596.7B) exceed its long term liabilities (CN¥184.4B).
Debt to Equity History and Analysis
Debt Level: 3908 has more cash than its total debt.
Reducing Debt: 3908's debt to equity ratio has increased from 175.2% to 327% over the past 5 years.
Debt Coverage: 3908's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: Insufficient data to determine if 3908's interest payments on its debt are well covered by EBIT.
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What is China International Capital current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3908's dividend (2.13%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.74%).
High Dividend: 3908's dividend (2.13%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: 3908 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3908's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.3%), 3908's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.2%), 3908's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zhaohui Huang (57 yo)
Mr. Zhaohui Huang serves as Chairman at CICC Capital Management Co., Ltd. He serves as Chief Executive Officer of China International Capital Corporation Ltd. since December 30, 2019 and is its Executive D...
CEO Compensation Analysis
Compensation vs Market: Zhaohui's total compensation ($USD1.19M) is about average for companies of similar size in the Hong Kong market ($USD1.03M).
Compensation vs Earnings: Zhaohui's compensation has been consistent with company performance over the past year.
Experienced Management: 3908's management team is considered experienced (4.7 years average tenure).
Experienced Board: 3908's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China International Capital Corporation Limited's employee growth, exchange listings and data sources
- Name: China International Capital Corporation Limited
- Ticker: 3908
- Exchange: SEHK
- Founded: 1995
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: HK$183.001b
- Shares outstanding: 4.83b
- Website: https://www.cicc.com
Number of Employees
- China International Capital Corporation Limited
- China World Office 2
- 27th and 28th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 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.