Hengtai Securities Co Ltd
HKEX:1476
Intrinsic Value
Hengtai Securities Co., Ltd. engages in provision of financial products and services. [ Read More ]
The intrinsic value of one
Hengtai Securities Co Ltd
stock under the Base Case scenario is
2.15
HKD.
Compared to the current market price of 2 HKD,
Hengtai Securities Co Ltd
is
Undervalued by 7%.
Hengtai Securities Co Ltd's market capitalization is 5.2B HKD.
Hengtai Securities Co Ltd stock price is 2 HKD.
Hengtai Securities Co Ltd stock price (2 HKD) is 7% less than its Intrinsic Value (2.15 HKD).
Hengtai Securities Co Ltd stock price (2 HKD) is 31% less than its DCF Value (2.9 HKD). Open DCF Valuation
Hengtai Securities Co Ltd stock (1.41 HKD) is 30% less than its price (2 HKD). Open Relative Valuation
Hengtai Securities Co Ltd.
Hengtai Securities Co Ltd's D/E (Debt to Equity) is equal to 1.14.
Hengtai Securities Co Ltd's ROE (Return on Equity) has decreased in the last 3 years from 4% to 1%.
Hengtai Securities Co Ltd's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
Hengtai Securities Co Ltd has positive three-year average ROIC (Return on Invested Capital): 7%. The company is efficient at using invested capital to generate operating income.
Hengtai Securities Co Ltd's long-term assets (31B CNY) exceed its long-term liabilties (23B CNY).
Hengtai Securities Co Ltd's ROE (Return on Equity) for the past 12 months is very low and is equal to 1%.
Hengtai Securities Co Ltd's ROIC (Return on Invested Capital) has decreased in the last 3 years from 13% to 4%.
Hengtai Securities Co Ltd's Revenue has dropped by 14% over the past 12 months.
Hengtai Securities Co Ltd has positive Operating Income for the last twelve months.
Hengtai Securities Co Ltd's short-term assets (28B CNY) exceed its short-term liabilties (19B CNY).
Hengtai Securities Co Ltd has negative Net Debt. This means that the company has more cash and short-term investments (13B CNY) than debt (9B CNY).
Hengtai Securities Co Ltd's Revenue has been falling by 14% per year for the last 3 years.
Hengtai Securities Co Ltd has positive Net Income for the last twelve months.
Hengtai Securities Co Ltd has negative three-year average ROE (Return on Equity): -2%. The company is not efficient at transforming stockholders' equity into net income.
Hengtai Securities Co Ltd has negative Free Cash Flow for the last twelve months.
Hengtai Securities Co Ltd has positive Gross Profit for the last twelve months.
Hengtai Securities Co Ltd's Altman Z-Score is very low and is equal to 0.55.
Hengtai Securities Co Ltd doesn't generate enough operating income (381m CNY) to safely cover interest payments on its debt (383m CNY).
Valuation Backtest
Hengtai Securities Co Ltd
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Hengtai Securities Co Ltd
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Fundamental Analysis
Hengtai Securities Co Ltd
Balance Sheet Decomposition
Hengtai Securities Co Ltd
| Current Assets | 28.3B |
| Cash & Short-Term Investments | 12.8B |
| Receivables | 5.5B |
| Other Current Assets | 10B |
| Non-Current Assets | 2.9B |
| Long-Term Investments | 254.3m |
| PP&E | 465.2m |
| Intangibles | 212.2m |
| Other Non-Current Assets | 1.9B |
| Current Liabilities | 18.6B |
| Accounts Payable | 10.5B |
| Accrued Liabilities | 489.5m |
| Short-Term Debt | 5.7B |
| Other Current Liabilities | 1.9B |
| Non-Current Liabilities | 4.5B |
| Long-Term Debt | 3.5B |
| Other Non-Current Liabilities | 1.1B |
Earnings Waterfall
Hengtai Securities Co Ltd
|
Revenue
|
2.3B
CNY
|
|
Cost of Revenue
|
-164m
CNY
|
|
Gross Profit
|
2.1B
CNY
|
|
Operating Expenses
|
-1.7B
CNY
|
|
Operating Income
|
381.3m
CNY
|
|
Other Expenses
|
-317.2m
CNY
|
|
Net Income
|
64.1m
CNY
|
Free Cash Flow Analysis
Hengtai Securities Co Ltd
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Hengtai Securities Co Ltd's profitability score is 46/100. The higher the profitability score, the more profitable the company is.
Score
Hengtai Securities Co Ltd's profitability score is 46/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Hengtai Securities Co Ltd's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Score
Hengtai Securities Co Ltd's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Hengtai Securities Co Ltd
Shareholder Return
Price
Hengtai Securities Co Ltd
| Average Annual Return | 4.49% |
| Standard Deviation of Annual Returns | 28.54% |
| Max Drawdown | -54% |
| Market Capitalization | 5.2B HKD |
| Shares Outstanding | 2 604 567 400 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Hengtai Securities Co Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Hengtai Securities Co., Ltd. engages in provision of financial products and services. The company is headquartered in Beijing, Beijing and currently employs 2,985 full-time employees. The company went IPO on 2015-10-15. The firm has five business segments. The Brokerage and Wealth Management is engaged in the trading of stocks, funds, bonds and futures and the provision of investment and financing solution services. The Investment Banking is engaged in the provision of corporate finance services, including financial advisory, equity underwriting and debt underwriting services, as well as New Over-the-Counter Board-related services. The segment is also engaged in the provision of services for companies to enter into National Equities Exchange and Quotations (NEEQ) for share quotation and transfer. The Proprietary Trading is engaged in the trading of equities, bonds, funds and derivatives. The Investment Management is engaged in asset management, private equity investment and alternative investment businesses. The Other is mainly engaged in other related operations of head office.
Contact
IPO
Employees
Officers
The intrinsic value of one
Hengtai Securities Co Ltd
stock under the Base Case scenario is
2.15
HKD.
Compared to the current market price of 2 HKD,
Hengtai Securities Co Ltd
is
Undervalued by 7%.
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