Financials Shanxi Securities Co., Ltd.

Equities

002500

CNE100000WJ0

Investment Banking & Brokerage Services

End-of-day quote Shenzhen S.E. 03:30:00 26/06/2024 am IST 5-day change 1st Jan Change
4.88 CNY +1.46% Intraday chart for Shanxi Securities Co., Ltd. -3.37% -9.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 16,746 23,450 32,128 23,692 19,026 19,349
Enterprise Value (EV) 1 8,112 11,199 19,693 3,784 -5,558 12,187
P/E ratio 75.5 x 46.1 x 38.9 x 30 x 33.1 x 31.7 x
Yield 0.84% 1.21% 1.23% 1.82% 1.51% 1.67%
Capitalization / Revenue 2.45 x 4.64 x 9.84 x 5.98 x 4.54 x 5.63 x
EV / Revenue 1.19 x 2.22 x 6.03 x 0.95 x -1.33 x 3.54 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.35 x 1.85 x 1.9 x 1.37 x 1.09 x 1.09 x
Nbr of stocks (in thousands) 28,28,725 28,28,725 35,89,772 35,89,772 35,89,772 35,89,772
Reference price 2 5.920 8.290 8.950 6.600 5.300 5.390
Announcement Date 22/04/19 27/04/20 19/04/21 27/04/22 27/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,829 5,054 3,266 3,963 4,190 3,440
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 286.7 665.8 1,006 999 668.4 767.8
Net income 1 221.8 510.2 750.9 803.6 574.5 619.8
Net margin 3.25% 10.09% 22.99% 20.28% 13.71% 18.02%
EPS 2 0.0784 0.1800 0.2300 0.2200 0.1600 0.1700
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0500 0.1000 0.1100 0.1200 0.0800 0.0900
Announcement Date 22/04/19 27/04/20 19/04/21 27/04/22 27/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,634 12,251 12,436 19,908 24,583 7,162
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 1.67% 3.97% 4.97% 4.62% 3.19% 3.29%
ROA (Net income/ Total Assets) 0.4% 0.92% 1.29% 1.17% 0.71% 0.74%
Assets 1 55,083 55,413 58,193 68,649 80,672 84,013
Book Value Per Share 2 4.400 4.470 4.710 4.800 4.850 4.940
Cash Flow per Share 2 2.010 2.570 1.800 2.890 2.150 2.270
Capex 1 77.6 92.3 116 180 200 215
Capex / Sales 1.14% 1.83% 3.54% 4.53% 4.77% 6.25%
Announcement Date 22/04/19 27/04/20 19/04/21 27/04/22 27/04/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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