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Company Analysis China Merchants Securities Co., Ltd.
1. Summary
Advantages
- Current debt level 39.61% is below 100% and has decreased over 5 years from 50.38%.
- The company's current efficiency (ROE=8.24%) is higher than the sector average (ROE=-34.3%)
Disadvantages
- Price (16.42 HK$) is higher than fair price (13.87 HK$)
- Dividends (3.65%) are below the sector average (3.99%).
- The stock's return over the last year (2.63%) is lower than the sector average (49.77%).
Similar companies
2. Share price and performance
2.1. Share price
2.3. Market efficiency
| China Merchants Securities Co., Ltd. | Financials | Index | |
|---|---|---|---|
| 7 days | -2.2% | 1.3% | 3.8% |
| 90 days | 16.3% | 4.5% | 10.4% |
| 1 year | 2.6% | 49.8% | 51.9% |
6099 vs Sector: China Merchants Securities Co., Ltd. has significantly underperformed the "Financials" sector by -47.15% over the past year.
6099 vs Market: China Merchants Securities Co., Ltd. has significantly underperformed the market by -49.3% over the past year.
Stable price: 6099 is not significantly more volatile than the rest of the market on "Hong Kong Exchanges" over the last 3 months, with typical variations of +/- 5% per week.
Long period: 6099 with weekly volatility of 0.0505% over the past year.
3. Summary of the report
4. Fundamental Analysis
4.1. Stock price and price forecast
Above fair price: The current price (16.42 HK$) is higher than the fair price (13.87 HK$).
Price is higher than fair: The current price (16.42 HK$) is 15.5% higher than the fair price.
4.2. P/E
P/E vs Sector: The company's P/E (12.86) is lower than that of the sector as a whole (64.31).
P/E vs Market: The company's P/E (12.86) is lower than that of the market as a whole (23.3).
4.2.1 P/E Similar companies
4.3. P/BV
P/BV vs Sector: The company's P/BV (1.03) is lower than that of the sector as a whole (2.05).
P/BV vs Market: The company's P/BV (1.03) is lower than that of the market as a whole (2.59).
4.3.1 P/BV Similar companies
4.4. P/S
P/S vs Sector: The company's P/S indicator (6.88) is lower than that of the sector as a whole (73.28).
P/S vs Market: The company's P/S indicator (6.88) is lower than that of the market as a whole (19.57).
4.4.1 P/S Similar companies
4.5. EV/Ebitda
EV/Ebitda vs Sector: The company's EV/Ebitda (0) is lower than that of the sector as a whole (390.06).
EV/Ebitda vs Market: The company's EV/Ebitda (0) is lower than that of the market as a whole (37.51).
5. Profitability
5.1. Profitability and revenue
5.2. Earnings per share - EPS
5.3. Past profitability Net Income
Yield Trend: Rising and has grown by 1.88% over the last 5 years.
Accelerating profitability: The return for the last year (8.75%) exceeds the average return for 5 years (1.88%).
Profitability vs Sector: The return for the last year (8.75%) exceeds the return for the sector (4.84%).
5.4. ROE
ROE vs Sector: The company's ROE (8.24%) is higher than that of the sector as a whole (-34.3%).
ROE vs Market: The company's ROE (8.24%) is higher than that of the market as a whole (-4.45%).
5.5. ROA
ROA vs Sector: The company's ROA (1.47%) is higher than that of the sector as a whole (0.6096%).
ROA vs Market: The company's ROA (1.47%) is lower than that of the market as a whole (2.7%).
5.6. ROIC
ROIC vs Sector: The company's ROIC (0%) is lower than that of the sector as a whole (0%).
ROIC vs Market: The company's ROIC (0%) is lower than that of the market as a whole (14.67%).
7. Dividends
7.1. Dividend yield vs Market
Low yield: The dividend yield of the company 3.65% is below the average for the sector '3.99%.
7.2. Stability and increase in payments
Dividend stability: The company's dividend yield 3.65% has been steadily paid over the past 7 years, DSI=0.93.
Weak dividend growth: The company's dividend yield 3.65% has been growing weakly or stagnant over the past 5 years. Growth over only 1 year.
7.3. Payout percentage
Dividend Coverage: Current payments from income (85.75%) are at a comfortable level.
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