Ruida Futures Co Ltd
SZSE:002961

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Ruida Futures Co Ltd
SZSE:002961
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Price: 24.72 CNY 0.9% Market Closed
Market Cap: ¥11.8B

P/B

3.1
Current
25%
More Expensive
vs 3-y average of 2.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.1
=
Market Cap
¥10.5B
/
Total Equity
¥3.6B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.1
=
Market Cap
¥10.5B
/
Total Equity
¥3.6B

Valuation Scenarios

Ruida Futures Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (2.5), the stock would be worth ¥19.85 (20% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-65%
Maximum Upside
No Upside Scenarios
Average Downside
29%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.1 ¥24.72
0%
3-Year Average 2.5 ¥19.85
-20%
5-Year Average 2.9 ¥22.44
-9%
Industry Average 1.1 ¥8.54
-65%
Country Average 2.4 ¥19.24
-22%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

In line with most companies in China
Percentile
61st
Based on 7 605 companies
61st percentile
3.1
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Ruida Futures Co Ltd
Glance View

Market Cap
11.8B CNY
Industry
Financial Services

Ruida Futures Co., Ltd. engages in the financial futures brokerage business. The company is headquartered in Xiamen, Fujian and currently employs 656 full-time employees. The company went IPO on 2019-09-05. Futures brokerage business includes commodity futures brokerage business and financial futures brokerage business. The asset management business includes single customer asset management business and specific multi-client asset management business. In addition, the Company also conducts risk management business through its wholly-owned subsidiary Ruida Xinkong Capital Management Co., Ltd. (Ruida Xinkong), and conducts overseas futures brokerage business through its wholly-owned subsidiary Ruida International Finance Holding Limited (Ruida International).

Intrinsic Value
26.33 CNY
Undervaluation 6%
Intrinsic Value
Price ¥24.72
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