CAITONG SECURITIES CO.,LTD. Financials Caitong Securities Co.,Ltd.
Equities
601108
CNE100002V44
Investment Banking & Brokerage Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.35 CNY | +0.68% |
|
-2.52% | -5.28% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 45,401 | 39,910 | 33,063 | 36,035 | 34,131 | - | - |
| Enterprise Value (EV) 1 | 45,401 | 39,910 | 33,063 | 36,035 | 34,131 | 34,131 | 34,131 |
| P/E ratio | - | 16.4 x | 20.9 x | 16.5 x | 15.3 x | 12.8 x | 12.3 x |
| Yield | - | 1.8% | - | - | - | - | - |
| Capitalization / Revenue | 7 x | 6.23 x | - | 5.53 x | 5.28 x | 4.61 x | 4.29 x |
| EV / Revenue | 7 x | 6.23 x | - | 5.53 x | 5.28 x | 4.61 x | 4.29 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | - | 1.61 x | - | 1.04 x | 0.94 x | 0.9 x | 0.85 x |
| Nbr of stocks (in thousands) | 3,589,000 | 3,589,013 | 4,643,732 | 4,643,739 | 4,643,740 | - | - |
| Reference price 2 | 12.65 | 11.12 | 7.120 | 7.760 | 7.350 | 7.350 | 7.350 |
| Announcement Date | 1/27/21 | 4/28/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,485 | 6,408 | - | 6,517 | 6,461 | 7,404 | 7,955 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | 3,048 | - | 2,629 | 2,599 | 3,142 | 3,207 |
| Operating Margin | - | 47.57% | - | 40.34% | 40.23% | 42.44% | 40.31% |
| Earnings before Tax (EBT) 1 | - | 3,029 | - | - | 2,599 | 2,914 | 3,207 |
| Net income 1 | 2,249 | 2,566 | 1,517 | 2,252 | 2,240 | 2,662 | 2,764 |
| Net margin | 34.68% | 40.05% | - | 34.55% | 34.67% | 35.96% | 34.75% |
| EPS 2 | - | 0.6800 | 0.3400 | 0.4700 | 0.4800 | 0.5750 | 0.6000 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share | - | 0.2000 | - | - | - | - | - |
| Announcement Date | 1/27/21 | 4/28/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 10.7% | - | 6.67% | 6.92% | 7.39% | - |
| ROA (Net income/ Total Assets) | - | 2.48% | - | - | - | - | - |
| Assets 1 | - | 103,542 | - | - | - | - | - |
| Book Value Per Share 2 | - | 6.890 | - | 7.450 | 7.790 | 8.190 | 8.630 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 1/27/21 | 4/28/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
7.35
CNY
Average target price
8.925
CNY
Spread / Average Target
+21.43%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.28% | 4.71B | |
| +6.13% | 161B | |
| +19.55% | 157B | |
| +5.04% | 132B | |
| +23.60% | 121B | |
| -8.05% | 35.81B | |
| +12.88% | 26.09B | |
| +24.95% | 21.25B | |
| -6.09% | 20.29B | |
| +47.11% | 17.88B |
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