Haitong International Securities Group Ltd
HKEX:665
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (34), the stock would be worth HK$1.51 (0% downside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 34 | HK$1.51 |
0%
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| 3-Year Average | 34 | HK$1.51 |
0%
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| 5-Year Average | 15.6 | HK$0.69 |
-54%
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| Industry Average | 8 | HK$0.36 |
-76%
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| Country Average | 1.4 | HK$0.06 |
-96%
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Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
HK$13.1B
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/ |
Jul 2023
HK$384.6m
|
= |
|
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HK$13.1B
|
/ |
Dec 2023
HK$6.1B
|
= |
|
|
HK$13.1B
|
/ |
Dec 2024
HK$6.7B
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
Haitong International Securities Group Ltd
HKEX:665
|
12.7B HKD | 34 | -2.3 | |
| US |
|
Morgan Stanley
NYSE:MS
|
301B USD | 8.5 | 17.2 | |
| US |
|
Goldman Sachs Group Inc
NYSE:GS
|
276.6B USD | 10.4 | 16.2 | |
| EG |
|
EFG Hermes Holdings SAE
LSE:EFGD
|
167.9B USD | 0 | 2 248.9 | |
| US |
|
Charles Schwab Corp
NYSE:SCHW
|
159.6B USD | 14.1 | 17.7 | |
| US |
|
Interactive Brokers Group Inc
NASDAQ:IBKR
|
131.6B USD | 14.7 | 126.8 | |
| US |
|
Robinhood Markets Inc
NASDAQ:HOOD
|
75.7B USD | 17.3 | 40.2 | |
| CN |
|
CITIC Securities Co Ltd
SSE:600030
|
396.7B CNY | 7.4 | 13.7 | |
| CN |
|
Guotai Junan Securities Co Ltd
SSE:601211
|
286.1B CNY | 10.7 | 10.4 | |
| US |
|
Raymond James Financial Inc
NYSE:RJF
|
30.4B USD | 5.2 | 14.2 | |
| US |
|
LPL Financial Holdings Inc
NASDAQ:LPLA
|
26.5B USD | 1.8 | 30.6 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.6 |
| Median | 1.4 |
| 70th Percentile | 3.5 |
| Max | 59 382.5 |
Other Multiples
Haitong International Securities Group Ltd
Glance View
In the bustling world of global finance, Haitong International Securities Group Ltd. stands as a significant bridge connecting the robust capital markets of China with the rest of the world. Rooted in Hong Kong, with deep affiliations to its parent company Haitong Securities, one of China's largest investment firms, Haitong International crafts a narrative of strategic expansion and adept financial services. The company's journey in the financial domain involves a broad suite of services, encompassing brokerage, investment banking, asset management, and wealth management. Haitong International expertly navigates the complex, ever-evolving financial landscape, leveraging its deep understanding of the Chinese market to offer its global clientele insights and opportunities that are otherwise harder to access. The revenue model of Haitong International exemplifies the traditional architecture of modern investment firms, yet with a distinctive flair tailored towards its regional strengths. The brokerage services generate fees and commissions from facilitating trades on behalf of individuals and institutional clients. Meanwhile, the investment banking arm thrives on underwriting new securities, advising on mergers and acquisitions, and coordinating capital raising efforts which contribute to their fee income. Asset management services, another prong in its revenue structure, gather assets under management (AUM) from clients seeking professional stewardship of their capital, earning management and performance fees. Through these diversified services, Haitong International not only prospers in profitability but also cements its reputation as a pivotal player in the intersection of Eastern and Western financial markets.