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Orient Securities

SEHK:3958
Snowflake Description

Limited growth with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3958
SEHK
CN¥66B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Orient Securities Company Limited operates as a securities company in China. The last earnings update was 20 days ago. More info.


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  • Orient Securities has significant price volatility in the past 3 months.
3958 Share Price and Events
7 Day Returns
-4.3%
SEHK:3958
-3.2%
HK Capital Markets
-2.5%
HK Market
1 Year Returns
-24.5%
SEHK:3958
-22%
HK Capital Markets
-15.9%
HK Market
3958 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orient Securities (3958) -4.3% -16.3% -16.5% -24.5% - -
HK Capital Markets -3.2% -14.2% -5.9% -22% -16.2% 6.5%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 3958 underperformed the Capital Markets industry which returned -22% over the past year.
  • 3958 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
3958
Industry
5yr Volatility vs Market

Value

 Is Orient Securities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Orient Securities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Orient Securities.

SEHK:3958 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= CN¥8.08 * 5.7%
CN¥0.46
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. CN¥8.08
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:3958
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.702 (1 + (1- 25%) (209.73%))
1.54
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.54 * 5.96%)
11.18%

Discounted Cash Flow Calculation for SEHK:3958 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Orient Securities is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:3958 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.7% – 11.18%) * CN¥8.08)
CN¥-0.44
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.44 / (11.18% - 2%)
CN¥-4.85
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥8.08 + CN¥-4.85
CN¥3.24
SEHK:3958 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SEHK:3958 represents 0.50537x of SHSE:600958
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.50537x
Value per Share
(Listing Adjusted, HKD)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 3.24 x 0.50537
HK$1.64
Value per share (HKD) From above. HK$1.64
Current discount Discount to share price of HK$5.18
= -1 x (HK$5.18 - HK$1.64) / HK$1.64
-216.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Orient Securities is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Orient Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orient Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3958 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.30
SHSE:600958 Share Price ** SHSE (2019-05-17) in CNY CN¥10.25
Hong Kong Capital Markets Industry PE Ratio Median Figure of 43 Publicly-Listed Capital Markets Companies 15.56x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Orient Securities.

SEHK:3958 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600958 Share Price ÷ EPS (both in CNY)

= 10.25 ÷ 0.30

33.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orient Securities is overvalued based on earnings compared to the HK Capital Markets industry average.
  • Orient Securities is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Orient Securities's expected growth come at a high price?
Raw Data
SEHK:3958 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
17.3%per year
Hong Kong Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 0.78x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:3958 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.69x ÷ 17.3%

1.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orient Securities is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Orient Securities's assets?
Raw Data
SEHK:3958 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥7.66
SHSE:600958 Share Price * SHSE (2019-05-17) in CNY CN¥10.25
Hong Kong Capital Markets Industry PB Ratio Median Figure of 71 Publicly-Listed Capital Markets Companies 0.67x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:3958 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600958 Share Price ÷ Book Value per Share (both in CNY)

= 10.25 ÷ 7.66

1.34x

* Primary Listing of Orient Securities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orient Securities is overvalued based on assets compared to the HK Capital Markets industry average.
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Value checks
We assess Orient Securities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Orient Securities has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Orient Securities expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orient Securities expected to grow at an attractive rate?
  • Orient Securities's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Orient Securities's earnings growth is expected to exceed the Hong Kong market average.
  • Orient Securities's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3958 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3958 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 17.3%
SEHK:3958 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8.3%
Hong Kong Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
Hong Kong Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:3958 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3958 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 15,244 3,589 6
2020-12-31 14,001 3,114 7
2019-12-31 12,886 2,650 7
SEHK:3958 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 12,456 20,069 2,064
2018-12-31 10,321 5,720 1,231
2018-09-30 9,974 8,720 1,829
2018-06-30 10,150 -9,639 2,514
2018-03-31 10,423 -10,634 3,146
2017-12-31 10,662 -14,561 3,554
2017-09-30 9,046 1,936 3,067
2017-06-30 8,403 -2,006 2,786
2017-03-31 7,280 -11,964 2,735
2016-12-31 6,547 -4,717 2,314
2016-09-30 8,181 -41,687 3,290
2016-06-30 7,215 -59,733 2,731

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orient Securities's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Orient Securities's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:3958 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Orient Securities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3958 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.51 0.59 0.39 5.00
2020-12-31 0.45 0.53 0.33 7.00
2019-12-31 0.38 0.49 0.28 7.00
SEHK:3958 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.30
2018-12-31 0.18
2018-09-30 0.27
2018-06-30 0.37
2018-03-31 0.48
2017-12-31 0.57
2017-09-30 0.49
2017-06-30 0.46
2017-03-31 0.47
2016-12-31 0.41
2016-09-30 0.61
2016-06-30 0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Orient Securities is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Orient Securities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Orient Securities has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Orient Securities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Orient Securities's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Orient Securities's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Orient Securities's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Orient Securities's 1-year earnings growth is negative, it can't be compared to the HK Capital Markets industry average.
Earnings and Revenue History
Orient Securities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Orient Securities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3958 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 12,456.27 2,064.36 341.54
2018-12-31 10,321.14 1,231.01 341.54
2018-09-30 9,973.76 1,828.56 317.55
2018-06-30 10,150.20 2,513.97 317.55
2018-03-31 10,423.02 3,145.50 317.55
2017-12-31 10,661.58 3,553.63 317.55
2017-09-30 9,045.71 3,067.07 235.42
2017-06-30 8,402.92 2,785.79 117.94
2017-03-31 7,279.80 2,735.17 235.42
2016-12-31 6,546.56 2,313.97 235.42
2016-09-30 8,181.19 3,290.18 206.54
2016-06-30 7,215.10 2,731.05 324.02
2016-03-31 12,677.85 5,808.38 206.54
2015-12-31 15,365.07 7,325.22 206.54
2015-09-30 13,828.86 6,824.99 184.62
2015-06-30 14,277.03 7,388.14 96.07
2015-03-31 8,450.14 4,063.60 184.62
2014-12-31 5,493.54 2,341.67 184.62
2014-09-30 4,344.10 1,655.72 179.93
2014-06-30 3,830.64 1,307.41 268.48
2014-03-31 3,601.14 959.87 179.93
2013-12-31 3,250.38 1,007.42 179.93
2013-09-30 3,028.91 858.33 84.06
2013-06-30 2,817.63 689.31 168.12
2013-03-31 2,623.58 699.54 168.12
2012-12-31 2,383.45 609.48 173.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Orient Securities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Orient Securities used its assets less efficiently than the HK Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Orient Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Orient Securities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Orient Securities has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Orient Securities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Orient Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orient Securities's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Orient Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orient Securities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orient Securities Company Filings, last reported 1 month ago.

SEHK:3958 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 54,082.26 138,096.62 72,220.73
2018-12-31 52,272.45 132,462.29 117,287.06
2018-09-30 51,986.89 134,559.42 61,834.39
2018-06-30 51,742.74 129,400.72 119,095.18
2018-03-31 52,918.26 129,914.36 183,774.92
2017-12-31 53,501.47 137,396.02 125,162.51
2017-09-30 42,197.35 142,991.38 112,372.57
2017-06-30 41,368.39 131,058.84 110,293.53
2017-03-31 41,442.80 120,636.51 101,448.70
2016-12-31 40,937.83 122,784.77 102,127.38
2016-09-30 40,930.55 113,395.95 97,365.99
2016-06-30 33,437.82 114,277.35 97,315.99
2016-03-31 34,276.44 104,485.96 96,055.56
2015-12-31 35,375.75 119,389.29 113,789.94
2015-09-30 32,450.80 98,238.64 101,462.51
2015-06-30 34,249.53 97,374.56 103,605.95
2015-03-31 31,047.49 70,079.70 61,735.31
2014-12-31 18,625.50 63,914.46 44,652.81
2014-09-30
2014-06-30 16,118.48 42,515.87 25,304.50
2014-03-31 15,778.12 32,065.21 18,948.58
2013-12-31 15,778.12 32,065.21 18,948.58
2013-09-30 15,785.68 31,534.14 16,998.88
2013-06-30 15,316.91 26,478.06 4,166.49
2013-03-31 15,316.91 26,478.06 4,166.49
2012-12-31 14,998.20 22,520.38 13,728.62
  • Orient Securities's level of debt (255.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (203.9% vs 255.3% today).
  • Debt is not well covered by operating cash flow (14.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Orient Securities's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Orient Securities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Orient Securities has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.98%
Current annual income from Orient Securities dividends. Estimated to be 1.92% next year.
If you bought HK$2,000 of Orient Securities shares you are expected to receive HK$20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Orient Securities's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Orient Securities's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:3958 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Hong Kong Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:3958 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.20 2.00
2020-12-31 0.20 4.00
2019-12-31 0.19 4.00
SEHK:3958 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.100 0.944
2018-07-03 0.200 2.146
2017-07-26 0.150 1.100
2016-06-07 0.450 2.895
2015-10-27 0.200 1.006
2015-05-26 0.150 0.661

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orient Securities is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Orient Securities is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Orient Securities's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Orient Securities's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
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Income/ dividend checks
We assess Orient Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Orient Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orient Securities has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Orient Securities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wenzhong Jin
COMPENSATION CN¥2,728,000
AGE 54
TENURE AS CEO 9.2 years
CEO Bio

Mr. Jin Wenzhong has been the President and Executive Director of Orient Securities Company Limited since March 29,2018 and September 2010 respectively. Mr. Jin serves as the Chairman at Shanghai Dongfang Securities Capital Investment Co., Ltd. Mr. Jin has been serving as a director and the chairman of the board of Orient Securities Capital Investment since March 2013, the chairman of the board of Orient Securities Futures since December 2014, a director of Orient Securities Innovation Investment since November 2012, a director of Orient Securities Asset Management since July 2010 and a director of Citi Orient since June 2012. Mr. Jin served as the assistant manager of the distribution department, the deputy director of the research institute and the assistant to the president of Wanguo Securities from January 1992 to September 1995. Mr. Jin also served as a director of the board of Orient Finance Hong Kong from February 2010 to November 2014. Mr. Jin graduated from Shanghai University of Finance and Economics with a master’s degree in economics in January 1988 and a bachelor’s degree in economics in July 1985 and obtained the qualification of economist in October 1992. He serves as chairman of Shanghai East Securities Futures Co., Ltd. He serves as Director of Shanghai Oriental Security Innovation Investment Co., Ltd. He serves as Director of Shanghai Oriental Securities Asset Management Co., Ltd. Director. From January to September 1995 as deputy manager of the Universal Securities Distribution Department. From October 1995 to December 1997 as the Deputy Director of the Project Room of the modernization committee of Nomura Securities Enterprise.

CEO Compensation
  • Wenzhong's compensation has been consistent with company performance over the past year.
  • Wenzhong's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Orient Securities management team in years:

3.5
Average Tenure
50
Average Age
  • The tenure for the Orient Securities management team is about average.
Management Team

Army Pan

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
57

Wenzhong Jin

TITLE
President & Executive Director
COMPENSATION
CN¥3M
AGE
54
TENURE
9.2 yrs

Jianhui Zhang

TITLE
VP, CFO
AGE
50
TENURE
5 yrs

Bin Yang

TITLE
Chief Risk Officer & Chief Compliance Controller
AGE
46
TENURE
3.8 yrs

Yucheng Yang

TITLE
VP & Joint Company Secretary
AGE
53

Wang Rufu

TITLE
Secretary to the Board
AGE
45
TENURE
2.5 yrs

Yuan Yao

TITLE
GM of the Compliance
AGE
45
TENURE
2.2 yrs

Sharon Leung

TITLE
Joint Company Secretary
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Orient Securities board of directors in years:

4.6
Average Tenure
50
Average Age
  • The tenure for the Orient Securities board of directors is about average.
Board of Directors

Army Pan

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
57
TENURE
9.3 yrs

Wenzhong Jin

TITLE
President & Executive Director
COMPENSATION
CN¥3M
AGE
54
TENURE
8.7 yrs

Yuan Yao

TITLE
GM of the Compliance
AGE
45
TENURE
4.6 yrs

Qian Zhang

TITLE
Chairman of Supervisory Committee
AGE
44
TENURE
1.2 yrs

Anning Wei

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥185K
AGE
55
TENURE
4.6 yrs

Qinglu Jin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥190K
AGE
46
TENURE
1.6 yrs

Bin Li

TITLE
Vice Chairman of the Supervisory Committee
AGE
59
TENURE
1.2 yrs

Junhao Wu

TITLE
Non-Executive Director
AGE
53
TENURE
8.2 yrs

Bin Chen

TITLE
Non-Executive Director
AGE
37
TENURE
4.6 yrs

Xiang Li

TITLE
Non-Executive Director
AGE
47
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Orient Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Orient Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Orient Securities Company Limited operates as a securities company in China. It operates through four segments: Securities Sales and Trading, Investment Management, Brokerage and Securities Financing, and Investment Banking. The company engages in securities and futures brokerage, margin financing and securities lending, securities investment advisory, securities proprietary trading, asset management, agency sale of financial products, security underwriting and sponsorship, and other business activities. It also provides cross-border financial, fund management, fixed income, margin trading and short selling, stock pledging, over-the-counter-market, agency sale, stock options, equity innovation, and asset securitization services, as well as research, PB, and qualified foreign institutional investor services. In addition, the company offers futures investment advisory, equity and securities investment, investment management, bond and industrial investment, management consultancy, project investment, equity trading, and credit operation services. Orient Securities Company Limited was founded in 1997 and is based in Shanghai, China.

Details
Name: Orient Securities Company Limited
3958
Exchange: SEHK
Founded: 1997
CN¥74,717,753,906
6,993,655,803
Website: http://www.dfzq.com.cn
Address: Orient Securities Company Limited
Building 2,
3-6, 12, 13, 22, 25-27, 29, 32, 36 and 38 Floors,
Shanghai,
200010,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600958 Domestic Shares Shanghai Stock Exchange CN CNY 23. Mar 2015
XSSC 600958 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 23. Mar 2015
SEHK 3958 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 08. Jul 2016
SZSC 3958 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Jul 2016
Number of employees
Current staff
Staff numbers
5,157
Orient Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:11
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.