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China Merchants Securities Co Ltd
SSE:600999

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China Merchants Securities Co Ltd Logo
China Merchants Securities Co Ltd
SSE:600999
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Price: 13.96 CNY 0.87% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

China Merchants Securities Co Ltd is a CN-based company operating in Capital Markets industry. [ Read More ]

The intrinsic value of one China Merchants Securities Co Ltd stock under the Base Case scenario is 25.15 CNY. Compared to the current market price of 13.96 CNY, China Merchants Securities Co Ltd is Undervalued by 44%.

Key Points:
Intrinsic Value
Base Case
25.15 CNY
Undervaluation 44%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
China Merchants Securities Co Ltd

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Fundamental Analysis

Financials

Balance Sheet Decomposition
China Merchants Securities Co Ltd

Current Assets 98.3B
Cash & Short-Term Investments 97.5B
Receivables 823.7m
Non-Current Assets 525.7B
Long-Term Investments 463.2B
PP&E 2.7B
Intangibles 544.9m
Other Non-Current Assets 59.3B
Current Liabilities 330.2B
Accounts Payable 37B
Accrued Liabilities 5.3B
Short-Term Debt 178.6B
Other Current Liabilities 109.4B
Non-Current Liabilities 174.3B
Long-Term Debt 122.7B
Other Non-Current Liabilities 51.5B
Efficiency

Earnings Waterfall
China Merchants Securities Co Ltd

Revenue
18.8B CNY
Operating Expenses
-9.9B CNY
Operating Income
8.8B CNY
Other Expenses
-1.7B CNY
Net Income
7.2B CNY

Free Cash Flow Analysis
China Merchants Securities Co Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

Profitability Score
Profitability Due Diligence

China Merchants Securities Co Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Operating Income
Positive Net Income
Positive Revenue Growth Forecast
54/100
Profitability
Score

China Merchants Securities Co Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

China Merchants Securities Co Ltd's solvency score is 30/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Positive Net Debt
High D/E
Short-Term Solvency
30/100
Solvency
Score

China Merchants Securities Co Ltd's solvency score is 30/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
China Merchants Securities Co Ltd

Wall Street analysts forecast China Merchants Securities Co Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for China Merchants Securities Co Ltd is 15.62 CNY with a low forecast of 10.46 CNY and a high forecast of 18.9 CNY.

Lowest
Price Target
10.46 CNY
25% Downside
Average
Price Target
15.62 CNY
12% Upside
Highest
Price Target
18.9 CNY
35% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
China Merchants Securities Co Ltd

1M 1M
-1%
6M 6M
+0%
1Y 1Y
+2%
3Y 3Y
-26%
5Y 5Y
+6%
10Y 10Y
+104%
Annual Price Range
13.96
52w Low
12.83
52w High
15.51
Price Metrics
Average Annual Return 4.62%
Standard Deviation of Annual Returns 37.54%
Max Drawdown -54%
Shares Statistics
Market Capitalization 120.4B CNY
Shares Outstanding 7 906 910 900
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

China Merchants Securities Co Ltd Logo
China Merchants Securities Co Ltd

Country

China

Industry

Financial Services

Market Cap

120.4B CNY

Dividend Yield

1.33%

Description

China Merchants Securities Co Ltd is a CN-based company operating in Capital Markets industry. The company is headquartered in Shenzhen, Guangdong and currently employs 12,005 full-time employees. The company went IPO on 2009-11-17. CHINA MERCHANTS SECURITIES CO., LTD is a China-based company, principally engaged in security businesses. The firm operates its businesses through brokerage and wealth management business, including stocks, funds, bonds and financial products trading; investment banking business, including equity financing, debt financing and structured financing; investment management business, including collective asset management, targeted asset management and special asset management, as well as investment and trading business, including equity securities and fixed income securities transactions. The firm is principally engaged in its businesses in Guangdong Province, Shanghai, Beijing and Hong Kong.

Contact

GUANGDONG
Shenzhen
No. 111, Fuhua 1st Road, Futian Neighborhood, Futian District
+8675582943666.0
http://www.cmschina.com/

IPO

2009-11-17

Employees

12 005

Officers

Chief Information Officer & Executive Chairman of the Board
Mr. Da Huo
President & Executive Director
Mr. Zongmin Wu
Director of Compliance, Chief Risk Officer & Chief Compliance Officer
Mr. Yu Hu
Vice President
Mr. Haochuan Zhang
VP (Chief Financial Officer) & Joint Company Secretary
Mr. Jie Liu
Head of Accounting Department & Employee-Representative Supervisor
Ms. Min He
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Head of Human Resources Department & Employee-Representative Supervisor
Mr. Hongyan Yin
Joint Company Secretary
Ms. Yin Ping Kwong FCIS, FCS
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See Also

Discover More
What is the Intrinsic Value of one China Merchants Securities Co Ltd stock?

The intrinsic value of one China Merchants Securities Co Ltd stock under the Base Case scenario is 25.15 CNY.

Is China Merchants Securities Co Ltd stock undervalued or overvalued?

Compared to the current market price of 13.96 CNY, China Merchants Securities Co Ltd is Undervalued by 44%.