Haitong International Securities Group Valuation

Is 665 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 665 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 665's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 665's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 665?

Key metric: As 665 is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 665. This is calculated by dividing 665's market cap by their current book value.
What is 665's PB Ratio?
PB Ratio	0.6x
Book	HK$22.74b
Market Cap	HK$12.74b

665 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does 665's PB Ratio compare to its peers?

The above table shows the PB ratio for 665 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.3x
290 GoFintech Innovation	7.4x	n/a	HK$5.8b
1788 Guotai Junan International Holdings	0.7x	n/a	HK$10.5b
1375 Central China Securities	0.6x	n/a	HK$19.1b
1476 Hengtai Securities	0.6x	n/a	HK$5.1b
665 Haitong International Securities Group	0.6x	n/a	HK$12.7b

Price-To-Book vs Peers: 665 is expensive based on its Price-To-Book Ratio (0.6x) compared to the peer average (0.5x).

Price to Book Ratio vs Industry

How does 665's PB Ratio compare vs other companies in the HK Capital Markets Industry?

7 Companies	Price / Book	Estimated Growth	Market Cap
1140 Wealthink AI-Innovation Capital	0.09x	n/a	US$118.95m
717 Emperor Capital Group	0.1x	n/a	US$48.50m
1282 Renze Harvest International	0.06x	n/a	US$39.94m
174 Gemini Investments (Holdings)	0.07x	n/a	US$18.62m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 665 is expensive based on its Price-To-Book Ratio (0.6x) compared to the Hong Kong Capital Markets industry average (0.5x).

Price to Book Ratio vs Fair Ratio

What is 665'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.

665 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.6x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 665's Price-To-Book Fair Ratio for valuation analysis.

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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