company background image
CNIC

China International Capital OTCPK:CNIC.F Stock Report

Last Price

HK$1.75

Market Cap

HK$19.3b

7D

-5.9%

1Y

-12.5%

Updated

16 May, 2022

Data

Company Financials +
CNIC.F fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance3/6
Financial Health3/6
Dividends3/6

CNIC.F Stock Overview

China International Capital Corporation Limited provides financial services in Mainland China and internationally.

China International Capital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China International Capital
Historical stock prices
Current Share PriceHK$1.75
52 Week HighHK$3.00
52 Week LowHK$1.72
Beta0.90
1 Month Change-32.90%
3 Month Changen/a
1 Year Change-12.49%
3 Year Changen/a
5 Year Changen/a
Change since IPO-10.24%

Recent News & Updates

Shareholder Returns

CNIC.FUS Capital MarketsUS Market
7D-5.9%-1.7%-2.5%
1Y-12.5%-14.2%-10.4%

Return vs Industry: CNIC.F exceeded the US Capital Markets industry which returned -14.2% over the past year.

Return vs Market: CNIC.F underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is CNIC.F's price volatile compared to industry and market?
CNIC.F volatility
CNIC.F Average Weekly Movementn/a
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: Insufficient data to determine CNIC.F's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CNIC.F's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
199513,557Zhaohui Huanghttps://www.cicc.com

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

How do China International Capital's earnings and revenue compare to its market cap?
CNIC.F fundamental statistics
Market CapCN¥130.96b
Earnings (TTM)CN¥10.21b
Revenue (TTM)CN¥32.32b

5.6x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNIC.F income statement (TTM)
RevenueCN¥32.32b
Cost of RevenueCN¥2.13b
Gross ProfitCN¥30.19b
Other ExpensesCN¥19.99b
EarningsCN¥10.21b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.11
Gross Margin93.41%
Net Profit Margin31.58%
Debt/Equity Ratio327.0%

How did CNIC.F perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is China International Capital undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CNIC.F ($1.75) is trading below our estimate of fair value ($3.92)

Significantly Below Fair Value: CNIC.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CNIC.F is good value based on its PE Ratio (5.6x) compared to the US Capital Markets industry average (35.4x).

PE vs Market: CNIC.F is good value based on its PE Ratio (5.6x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: CNIC.F is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CNIC.F is overvalued based on its PB Ratio (0.6x) compared to the US Capital Markets industry average (-16.2x).


Future Growth

How is China International Capital forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNIC.F's forecast earnings growth (21.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CNIC.F's earnings (21.1% per year) are forecast to grow faster than the US market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CNIC.F's revenue (19.1% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: CNIC.F's revenue (19.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNIC.F's Return on Equity is forecast to be low in 3 years time (14%).


Past Performance

How has China International Capital performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CNIC.F has high quality earnings.

Growing Profit Margin: CNIC.F's current net profit margins (31.6%) are higher than last year (26.4%).


Past Earnings Growth Analysis

Earnings Trend: CNIC.F's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: CNIC.F's earnings growth over the past year (32.5%) is below its 5-year average (32.5% per year).

Earnings vs Industry: CNIC.F earnings growth over the past year (32.5%) underperformed the Capital Markets industry 47.5%.


Return on Equity

High ROE: CNIC.F's Return on Equity (11.8%) is considered low.


Financial Health

How is China International Capital's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CNIC.F's short term assets (CN¥596.7B) exceed its short term liabilities (CN¥391.7B).

Long Term Liabilities: CNIC.F's short term assets (CN¥596.7B) exceed its long term liabilities (CN¥184.4B).


Debt to Equity History and Analysis

Debt Level: CNIC.F has more cash than its total debt.

Reducing Debt: CNIC.F's debt to equity ratio has increased from 175.2% to 327% over the past 5 years.

Debt Coverage: CNIC.F's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: Insufficient data to determine if CNIC.F's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is China International Capital current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CNIC.F's dividend (2.52%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: CNIC.F's dividend (2.52%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: CNIC.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CNIC.F'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%), CNIC.F's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.2%), CNIC.F's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Zhaohui Huang (57 yo)

2.42yrs

Tenure

CN¥7,953,264

Compensation

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 ($USD1.17M) is below average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Zhaohui's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CNIC.F's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CNIC.F's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China International Capital Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China International Capital Corporation Limited
  • Ticker: CNIC.F
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: HK$151.532b
  • Listing Market Cap: HK$19.304b
  • Shares outstanding: 4.83b
  • Website: https://www.cicc.com

Number of Employees


Location

  • China International Capital Corporation Limited
  • China World Office 2
  • 27th and 28th Floor
  • Beijing
  • 100004
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/11 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.