CSC Financial
Market Cap
HK$260.0b
Last Updated
2020/01/23 13:12 UTC
Data Sources
Company Financials +
Executive Summary
CSC Financial Co., Ltd., together with its subsidiaries, provides investment banking services in Mainland China and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -5.6% per year for the next 3 years
Snowflake Analysis
Good value with acceptable track record.
Similar Companies
Share Price & News
How has CSC Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6066 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.1%
6066
-3.6%
HK Capital Markets
-3.7%
HK Market
1 Year Return
32.4%
6066
4.4%
HK Capital Markets
1.0%
HK Market
Return vs Industry: 6066 exceeded the Hong Kong Capital Markets industry which returned 9% over the past year.
Return vs Market: 6066 exceeded the Hong Kong Market which returned 6.4% over the past year.
Shareholder returns
| 6066 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -3.6% | -3.7% |
| 30 Day | 6.8% | 4.0% | -0.2% |
| 90 Day | 24.1% | 9.9% | 4.1% |
| 1 Year | 37.2%32.4% | 7.4%4.4% | 4.7%1.0% |
| 3 Year | 17.3%5.1% | -10.9%-18.8% | 20.1%7.9% |
| 5 Year | n/a | -9.3%-24.2% | 18.4%-1.3% |
Price Volatility Vs. Market
How volatile is CSC Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is CSC Financial Co., Ltd. (HKG:6066) A Smart Pick For Income Investors?1 month ago | Simply Wall St
Does CSC Financial's (HKG:6066) Share Price Gain of 19% Match Its Business Performance?3 months ago | Simply Wall St
When Should You Buy CSC Financial Co., Ltd. (HKG:6066)?Valuation
Is CSC Financial undervalued compared to its fair value and its price relative to the market?
24.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6066 (HK$7.07) is trading below our estimate of fair value (HK$8.44)
Significantly Below Fair Value: 6066 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6066 is good value based on its PE Ratio (10.9x) compared to the Capital Markets industry average (13.9x).
PE vs Market: 6066 is good value based on its PE Ratio (9.1x) compared to the Hong Kong market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: 6066's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 6066 is overvalued based on its PB Ratio (0.9x) compared to the HK Capital Markets industry average (0.5x).
Next Steps
Future Growth
How is CSC Financial forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6066's earnings are forecast to decline over the next 3 years (-5.6% per year).
Earnings vs Market: 6066's earnings are forecast to decline over the next 3 years (-5.6% per year).
High Growth Earnings: 6066's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 6066's revenue (11.5% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).
High Growth Revenue: 6066's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6066's Return on Equity is forecast to be low in 3 years time (8.4%).
Next Steps
Past Performance
How has CSC Financial performed over the past 5 years?
-12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6066 has a high level of non-cash earnings.
Growing Profit Margin: 6066's current net profit margins (33.6%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: 6066's earnings have declined by -16.5% per year over the past 5 years.
Accelerating Growth: 6066's earnings growth over the past year (54.1%) exceeds its 5-year average (-16.5% per year).
Earnings vs Industry: 6066 earnings growth over the past year (54.1%) exceeded the Capital Markets industry -25.9%.
Return on Equity
High ROE: 6066's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CSC Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 6066 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 6066's debt is covered by short term assets (assets are 1.7x debt).
Financial Institutions Analysis
Asset Level: 6066's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if 6066 has a sufficient allowance for bad loans.
Low Risk Liabilities: 6066 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 6066 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 6066 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 6066 has an appropriate level of bad loans.
Next Steps
Dividend
What is CSC Financial's current dividend yield, its reliability and sustainability?
2.92%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 6066's dividend (2.87%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 6066's dividend (2.87%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: 6066 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 6066 has only been paying a dividend for 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.4%), 6066's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 6066's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).
Next Steps
Management
What is the CEO of CSC Financial's salary, the management and board of directors tenure and is there insider trading?
7.1yrs
Average management tenure
CEO
Guangxue Wang (47yo)
6yrs
Tenure
CN¥5,851,200
Compensation
Mr. Guangxue Wang has been Chief Executive Officer and Secretary of the Board of Directors at CSC Financial Co., Ltd since January 2014. Mr. Wang was Administrative Head of Executive Office and Secretary a ...
Management Age and Tenure
7.1yrs
Average Tenure
48yo
Average Age
Experienced Management: 6066's management team is seasoned and experienced (7.1 years average tenure).
Board Age and Tenure
2.7yrs
Average Tenure
54yo
Average Age
Experienced Board: 6066's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
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 been diluted in the past year, with total shares outstanding growing by 5.9%.
Management Team
Changqing Wang (56yo)
Chairman
- Tenure: 1.8yrs
- Compensation: CN¥7.94m
Ya Lu (53yo)
Chief Risk Officer
Guangxue Wang (47yo)
CEO & Secretary
- Tenure: 6yrs
- Compensation: CN¥5.85m
Xiaoyu Zhou (55yo)
Administrative Head of Human Resources Department
- Tenure: 8.2yrs
Naisheng Liu (48yo)
Administrative Head of Investment Banking Department
- Tenure: 8.8yrs
Ling Huang (43yo)
Administrative Head of Debt Underwriting Department
- Tenure: 11.7yrs
Geping Li (52yo)
CFO, GM & Executive Director
- Tenure: 1.8yrs
- Compensation: CN¥1.84m
Yi Lin (47yo)
Employee Representative Supervisor & Administrative Head of Internal Audit Department
- Tenure: 1.8yrs
Ming Zhao (48yo)
Administrative Head of Financial Planning Department & Employee Representative Supervisor
- Tenure: 0.8yrs
Jianqiang Ding
Chief Compliance Officer
- Tenure: 0.8yrs
Board Members
Genfu Feng (62yo)
Independent Non-Executive Director
- Tenure: 4.8yrs
- Compensation: CN¥230.00k
Zhongfu Yu (49yo)
Vice Chairman
- Tenure: 3.4yrs
Jianjun Bai (64yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥230.00k
Changqing Wang (56yo)
Chairman
- Tenure: 1.8yrs
- Compensation: CN¥7.94m
Deming Dai (57yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥230.00k
Shihua Li (60yo)
Chairman of Supervisory Board
- Tenure: 5.8yrs
Hao Wang (51yo)
Non-Executive Director
- Tenure: 2yrs
Geping Li (52yo)
CFO, GM & Executive Director
- Tenure: 1.8yrs
- Compensation: CN¥1.84m
Yi Lin (47yo)
Employee Representative Supervisor & Administrative Head of Internal Audit Department
- Tenure: 1.8yrs
Ming Zhao (48yo)
Administrative Head of Financial Planning Department & Employee Representative Supervisor
- Tenure: 0.8yrs
Company Information
CSC Financial Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CSC Financial Co., Ltd.
- Ticker: 6066
- Exchange: SEHK
- Founded: 2005
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: HK$260.024b
- Shares outstanding: 7.65b
- Website: https://www.csc108.com
Number of Employees
Location
- CSC Financial Co., Ltd.
- No. 188 Chaonei Avenue
- Dongcheng District
- Beijing
- 100010
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6066 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2016 |
| CS0 | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Dec 2016 |
| 6066 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2016 |
| 6066 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2016 |
| 601066 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jun 2018 | |
| 601066 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Jun 2018 |
Biography
CSC Financial Co., Ltd., together with its subsidiaries, provides investment banking services in Mainland China and internationally. The company operates through four segments: Investment Banking, Wealth Management, Trading and Institutional Client Services, and Investment Management. The Investment Banking segment offers a range of investment banking services, including financial advisory, sponsoring, and underwriting of equity and debt securities. The Wealth Management segment provides brokerage agency services for corporate and personal clients in the trading of equity stocks, funds, bonds, and futures, as well as margin financing and securities lending services. The Trading and Institutional Client Services segment trades in financial products; and offers brokerage agency services for financial institutions in the trading of equity stocks, funds, and bonds, as well as margin financing and securities lending services. This segment also provides services in relation to the sale of financial products to institutional clients, and specialized research and advisory services to assist their investment decision-making. The Investment Management segment develops asset management products, fund management products services, and private placement offerings; and provides related services. The company was formerly known as China Securities Finance Co., Ltd. and changed its name to CSC Financial Co., Ltd. in October 2016. CSC Financial Co., Ltd. was founded in 2005 and is based in Beijing, China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 13:12 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.