CITIC Securities Company Limited

SEHK:6030 Stock Report

Market Cap: HK$467.7b

CITIC Securities Valuation

Is 6030 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6030 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6030 (HK$22.7) is trading above our estimate of fair value (HK$13.95)

Significantly Below Fair Value: 6030 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6030?

Key metric: As 6030 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6030. This is calculated by dividing 6030's market cap by their current earnings.
What is 6030's PE Ratio?
PE Ratio23.6x
EarningsCN¥19.58b
Market CapCN¥436.62b

Price to Earnings Ratio vs Peers

How does 6030's PE Ratio compare to its peers?

The above table shows the PE ratio for 6030 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
6066 CSC Financial
16.7x34.4%HK$207.0b
6881 China Galaxy Securities
10.3x9.8%HK$151.5b
3908 China International Capital
17.3x25.6%HK$143.9b
1456 Guolian Securities
35.1x44.8%HK$33.7b
6030 CITIC Securities
23.6x14.7%HK$436.6b

Price-To-Earnings vs Peers: 6030 is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (19.8x).


Price to Earnings Ratio vs Industry

How does 6030's PE Ratio compare vs other companies in the HK Capital Markets Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2799 China CITIC Financial Asset Management
4.2x-29.2%US$6.70b
8098 CL Group (Holdings)
3.2xn/aUS$9.61m
No more companies available in this PE range
6030 23.6xIndustry Avg. 20.6xNo. of Companies7PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6030 is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the Hong Kong Capital Markets industry average (20.6x).


Price to Earnings Ratio vs Fair Ratio

What is 6030'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.

6030 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: 6030 is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).


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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