HUATAI SECURITIES CO., LTD. Financials Huatai Securities Co., Ltd. Hong Kong S.E.
Equities
6886
CNE100001YQ9
Investment Banking & Brokerage Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.58 HKD | -2.54% |
|
-2.04% | -2.84% |
| 10/05 | Huatai Securities Issues Medium-Term Bonds Worth $50 Million | MT |
| 07/05 | Huatai Securities Unveils Cutting-Edge FinTech Solutions at the Dubai FinTech Summit | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,70,609 | 1,48,583 | 1,47,237 | 1,06,145 | 1,16,730 | 1,15,309 | - | - |
| Enterprise Value (EV) 1 | 2,41,800 | 2,57,412 | 3,08,470 | 1,06,145 | 2,87,811 | 3,17,345 | 1,15,309 | 1,15,309 |
| P/E ratio | 19.7 x | 15.1 x | 12.2 x | 11 x | 10.5 x | 9.34 x | 8.84 x | 8.32 x |
| Yield | 1.48% | 2.22% | 2.53% | 3.53% | 3.08% | 3.57% | 3.44% | 3.51% |
| Capitalization / Revenue | 6.86 x | 4.73 x | 3.88 x | 2.6 x | 2.58 x | 3 x | 2.74 x | 2.65 x |
| EV / Revenue | 9.73 x | 8.19 x | 8.14 x | 2.6 x | 6.36 x | 8.26 x | 2.74 x | 2.65 x |
| EV / EBITDA | - | 1,77,91,935 x | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.5 x | 1.27 x | 1.09 x | 0.7 x | 0.82 x | 0.74 x | 0.71 x | 0.65 x |
| Nbr of stocks (in thousands) | 90,76,650 | 89,88,559 | 89,85,884 | 89,84,823 | 89,83,897 | 89,36,536 | - | - |
| Reference price 2 | 20.31 | 18.01 | 17.76 | 12.74 | 13.95 | 14.06 | 14.06 | 14.06 |
| Announcement Date | 30/03/20 | 23/03/21 | 27/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,863 | 31,445 | 37,905 | 40,752 | 45,227 | 38,411 | 42,138 | 43,501 |
| EBITDA | - | 14,468 | - | - | - | - | - | - |
| EBIT 1 | 11,608 | 13,501 | 16,339 | 11,009 | 11,620 | 15,353 | 16,921 | 17,724 |
| Operating Margin | 46.69% | 42.94% | 43.1% | 27.01% | 25.69% | 39.97% | 40.16% | 40.74% |
| Earnings before Tax (EBT) 1 | 11,586 | 13,504 | 16,273 | 12,228 | 14,205 | 16,333 | 17,021 | 17,860 |
| Net income 1 | 9,002 | 10,822 | 13,346 | 11,053 | 12,751 | 14,100 | 14,656 | 15,529 |
| Net margin | 36.2% | 34.42% | 35.21% | 27.12% | 28.19% | 36.71% | 34.78% | 35.7% |
| EPS 2 | 1.030 | 1.190 | 1.460 | 1.160 | 1.330 | 1.505 | 1.591 | 1.691 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.4000 | 0.4500 | 0.4500 | 0.4300 | 0.5013 | 0.4833 | 0.4942 |
| Announcement Date | 30/03/20 | 23/03/21 | 27/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 14,609 | 10,999 | 7,244 | 8,922 | 7,452 | 17,134 | 8,993 | 9,376 | 18,369 | 8,860 | 17,997 | 6,105 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | 1,888 | - | 4,013 | - | - | 4,200 | - | - | 3,220 | - | - | - | - | - |
| Net income | - | 2,298 | 2,214 | 3,161 | - | - | 3,245 | - | - | 3,030 | 3,165 | 2,291 | - | - | - |
| Net margin | - | 20.89% | 30.57% | 35.43% | - | - | 36.08% | - | - | 34.2% | 17.59% | 37.53% | - | - | - |
| EPS 1 | - | 0.2400 | 0.2400 | 0.3200 | 0.2600 | 0.3400 | 0.3500 | 0.3500 | 0.7000 | 0.3100 | 0.3300 | - | 0.3500 | 0.3500 | 0.3500 |
| Dividend per Share | - | 0.4500 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 26/08/20 | 27/03/22 | 29/04/22 | 30/08/22 | 28/10/22 | 30/03/23 | 28/04/23 | 14/08/23 | 14/08/23 | 30/10/23 | 28/03/24 | 29/04/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 71,191 | 1,08,828 | 1,61,233 | - | 1,71,081 | 2,02,037 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 7.522 x | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.94% | 8.61% | 9.62% | 7.49% | 8.12% | 8% | 7.78% | 7.8% |
| ROA (Net income/ Total Assets) | 1.93% | 1.69% | 1.75% | - | 1.46% | 1.39% | 1.48% | 1.51% |
| Assets 1 | 4,65,442 | 6,39,627 | 7,61,721 | - | 8,76,037 | 10,13,549 | 9,89,765 | 10,27,430 |
| Book Value Per Share 2 | 13.50 | 14.20 | 16.40 | 18.20 | 16.90 | 18.90 | 19.70 | 21.50 |
| Cash Flow per Share | 2.250 | 2.870 | -4.970 | 7.400 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 30/03/20 | 23/03/21 | 27/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
14.06
CNY
Average target price
17.95
CNY
Spread / Average Target
+27.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.29% | 165B | |
| +19.94% | 157B | |
| +5.62% | 138B | |
| +23.91% | 122B | |
| -5.20% | 37.02B | |
| +9.96% | 25.62B | |
| -5.80% | 21.14B | |
| +19.93% | 20.37B | |
| +48.36% | 17.6B |
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