Financials Everbright Securities Company Limited Hong Kong S.E.

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:38:05 31/05/2024 pm IST			5-day change	1st Jan Change
5.36 ^HKD	-1.11%		-2.90%	+3.68%

29/05	Everbright Securities among companies in debt risk investigation	RE
29/04	Everbright Securities Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	55,193	76,467	61,786	61,356	63,545	65,143	-	-
Enterprise Value (EV) ¹	55,193	76,467	61,786	61,356	63,545	65,143	65,143	65,143
P/E ratio	109 x	35.6 x	20.7 x	24.4 x	18.8 x	35.1 x	23.6 x	29.8 x
Yield	0.28%	0.85%	1.53%	1.41%	1.82%	-	-	-
Capitalization / Revenue	5.49 x	4.85 x	3.7 x	5.69 x	6.34 x	6.89 x	5.52 x	6.12 x
EV / Revenue	5.49 x	4.85 x	3.7 x	5.69 x	6.34 x	6.89 x	5.52 x	6.12 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.27 x	1.69 x	1.19 x	1.26 x	1.06 x	1.22 x	1.07 x	1.14 x
Nbr of stocks (in thousands)	46,10,788	46,10,788	46,10,788	46,10,788	46,10,788	46,10,788	-	-
Reference price ²	13.10	18.52	14.93	14.87	15.42	15.78	15.78	15.78
Announcement Date	22/01/20	26/01/21	21/01/22	14/02/23	24/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,057	15,776	16,705	10,780	10,031	9,459	11,800	10,652
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	2,846	5,631	5,429	3,860	2,523	2,364	3,672	3,096
Operating Margin	28.3%	35.69%	32.5%	35.81%	25.15%	24.99%	31.12%	29.06%
Earnings before Tax (EBT) ¹	1,219	4,095	4,691	3,854	4,649	4,866	4,819	5,160
Net income ¹	567.9	2,415	3,501	3,189	4,190	2,958	3,705	3,180
Net margin	5.65%	15.31%	20.96%	29.58%	41.77%	31.27%	31.4%	29.85%
EPS ²	0.1200	0.5200	0.7200	0.6100	0.8200	0.4500	0.6700	0.5300
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.0370	0.1580	0.2280	0.2100	0.2803	-	-	-
Announcement Date	22/01/20	26/01/21	21/01/22	14/02/23	24/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	1.17%	4.83%	6.35%	5.27%	6.91%	4.62%	4.7%	4.71%
ROA (Net income/ Total Assets)	0.28%	1.12%	1.5%	-	-	0.97%	1.04%	1.09%
Assets ¹	2,05,034	2,16,254	2,33,980	-	-	3,04,916	3,56,214	2,91,711
Book Value Per Share ²	10.30	11.00	12.60	11.80	14.60	12.90	14.80	13.90
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	22/01/20	26/01/21	21/01/22	14/02/23	24/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.78 CNY

Average target price

17.55 CNY

Spread / Average Target

+11.22%

	1st Jan change	Capi.
BANCO BTG PACTUAL S.A.	-16.01%	3.15TCr
HAITONG SECURITIES CO., LTD.	-11.53%	1.26TCr
HOULIHAN LOKEY, INC.	+12.88%	928.28Cr
AVANZA BANK HOLDING AB	+17.34%	408.98Cr
MOELIS & COMPANY	+0.86%	398.29Cr
PIPER SANDLER COMPANIES	+21.11%	331.28Cr
MIRAE ASSET SECURITIES CO., LTD.	-5.50%	273.02Cr
PJT PARTNERS INC.	+4.71%	255.85Cr
OKASAN SECURITIES GROUP INC.	+13.28%	100.32Cr