INDUSTRIAL SECURITIES CO.,LTD. Financials Industrial Securities Co.,Ltd.
Equities
601377
CNE100000V95
Investment Management & Fund Operators
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.72 CNY | +5.15% |
|
+4.57% | -2.56% |
| Apr. 27 | Industrial Securities Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Jan. 31 | Industrial Securities' Chief Risk Officer Resigns | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 47,412 | 58,127 | 66,163 | 49,571 | 50,693 | 49,398 | - | - |
| Enterprise Value (EV) 1 | 47,412 | 58,127 | 66,163 | 49,571 | 50,693 | 49,398 | 49,398 | 49,398 |
| P/E ratio | 26.9 x | 14.5 x | 13.9 x | 16.4 x | - | 12.4 x | 11.4 x | 24.9 x |
| Yield | 1.13% | 2.07% | - | 2.26% | 1.7% | 3.02% | 1.31% | - |
| Capitalization / Revenue | 3.33 x | 3.31 x | 3.49 x | 4.65 x | - | 3.28 x | 3.27 x | 4.89 x |
| EV / Revenue | 3.33 x | 3.31 x | 3.49 x | 4.65 x | - | 3.28 x | 3.27 x | 4.89 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.38 x | 1.54 x | 1.61 x | 0.95 x | 0.95 x | 0.86 x | 0.82 x | 0.84 x |
| Nbr of stocks (in thousands) | 6,696,672 | 6,696,672 | 6,696,672 | 8,635,987 | 8,635,987 | 8,635,987 | - | - |
| Reference price 2 | 7.080 | 8.680 | 9.880 | 5.740 | 5.870 | 5.720 | 5.720 | 5.720 |
| Announcement Date | 4/25/20 | 4/2/21 | 3/1/22 | 4/21/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,250 | 17,580 | 18,972 | 10,660 | - | 15,049 | 15,111 | 10,098 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,661 | 6,200 | 7,708 | 4,120 | - | 6,402 | 6,955 | 2,720 |
| Operating Margin | 18.67% | 35.27% | 40.63% | 38.65% | - | 42.54% | 46.03% | 26.94% |
| Earnings before Tax (EBT) 1 | 2,630 | 6,156 | 7,663 | 4,096 | - | 6,578 | 7,346 | 2,710 |
| Net income 1 | 1,763 | 4,003 | 4,743 | 2,637 | - | 4,211 | 4,639 | 1,960 |
| Net margin | 12.37% | 22.77% | 25% | 24.74% | - | 27.98% | 30.7% | 19.41% |
| EPS 2 | 0.2632 | 0.5978 | 0.7100 | 0.3500 | - | 0.4596 | 0.5009 | 0.2300 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0800 | 0.1800 | - | 0.1300 | 0.1000 | 0.1730 | 0.0750 | - |
| Announcement Date | 4/25/20 | 4/2/21 | 3/1/22 | 4/21/23 | 4/26/24 | - | - | - |
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 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,290 | 5,088 | 1,688 | 3,258 | 2,275 | 3,438 | 4,169 | 2,769 | - | 1,918 | 4,819 | 4,819 | 5,012 | 5,164 | 5,380 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 1,839 | 522.8 | 1,647 | 600.8 | 1,326 | 1,273 | 1,391 | - | -217.7 | 2,170 | 2,170 | 2,263 | 2,308 | 2,413 |
| Net income | 1,619 | 1,220 | 156.3 | 1,218 | 406.6 | - | 828.4 | 967.7 | 1,796 | -214.9 | - | - | - | 1,530 | 1,603 |
| Net margin | 19.53% | 23.98% | 9.26% | 37.37% | 17.87% | - | 19.87% | 34.95% | - | -11.2% | - | - | - | 29.62% | 29.8% |
| EPS | - | 0.1839 | 0.0233 | 0.1819 | 0.0554 | - | - | - | - | -0.0249 | - | - | - | 0.1771 | 0.1856 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.2060 | - | - |
| Announcement Date | 8/28/20 | 3/1/22 | 4/29/22 | 8/31/22 | 10/28/22 | 4/21/23 | 4/27/23 | 8/14/23 | 8/14/23 | 10/27/23 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| 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) | 5.25% | 11.1% | 12% | 5.74% | 3.7% | 6.25% | 6.63% | 3.35% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 1.94% | 1.97% | - |
| Assets 1 | - | - | - | - | - | 217,048 | 235,500 | - |
| Book Value Per Share 2 | 5.140 | 5.640 | 6.150 | 6.050 | 6.180 | 6.660 | 6.980 | 6.840 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 4/25/20 | 4/2/21 | 3/1/22 | 4/21/23 | 4/26/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
5.72
CNY
Average target price
7.48
CNY
Spread / Average Target
+30.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.56% | 6.82B | |
| -6.03% | 113B | |
| -3.98% | 87.91B | |
| +20.42% | 63.85B | |
| +5.29% | 61.9B | |
| +10.12% | 42.86B | |
| +7.95% | 40.84B | |
| +18.92% | 34.58B | |
| +5.88% | 25.46B | |
| -5.25% | 22.13B |
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- Financials Industrial Securities Co.,Ltd.
