002797.SHE First Capital Securities Co Ltd Class A
- Market cap
- CNY 24.4B
- P/E
- 24.2x
- P/B
- 1.29x
- ROE
- 5.9%
- Dividend yield
- 2.19%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002797.SHE undervalued?
Graham number002797.SHE trades 17.8% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
First Capital Securities Co Ltd Class A fundamental analysis
No fundamental analysis for First Capital Securities Co Ltd Class A yet.
First Capital Securities Co Ltd Class A stock price
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About First Capital Securities Co Ltd Class A
First Capital Securities Co., Ltd. engages in securities business in China. It offers fixed-income products, such as treasury bonds, central bank bills, policy financial bonds and short-term financing bonds, medium-term notes, non-publicly oriented debt financing instruments, government bonds, corporate bonds, financial bonds, and other fixed-income products, as well as provides interest rate swaps. The company also provides investment banking, asset management, securities a…
Full company profileFirst Capital Securities Co Ltd Class A financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
First Capital Securities Co Ltd Class A annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.94B | 1.83B | 2.32B | 3.10B | 3.54B | 3.63B | 3.00B | 2.97B | 3.89B | 3.53B | 3.63B |
| Gross Profit | 1.94B | 1.83B | 1.65B | 2.45B | 2.92B | 3.00B | 2.38B | 2.33B | 3.37B | - | - |
| Operating Income | 773M | 533M | 104M | 693M | 1.05B | 973M | 464M | 364M | 1.09B | - | - |
| EBITDA | 830M | 594M | 176M | 764M | 1.12B | 1.15B | 685M | 591M | 1.31B | - | - |
| Net Income | 562M | 423M | 124M | 513M | 813M | 745M | 401M | 331M | 904M | 841M | 1.05B |
| EPS | 0.17 | 0.12 | 0.04 | 0.15 | 0.21 | 0.18 | 0.10 | 0.08 | 0.22 | 0.20 | 0.25 |
| Balance Sheet | |||||||||||
| Total Assets | 31.7B | 33.1B | 33.3B | 35.6B | 40.9B | 43.1B | 47.8B | 45.3B | 52.7B | 57.4B | 62.3B |
| Total Liabilities | 22.6B | 23.9B | 24.4B | 26.1B | 26.4B | 28.2B | 32.5B | 30.0B | 35.9B | 39.6B | 43.8B |
| Shareholders' Equity | 8.61B | 8.86B | 8.55B | 9.04B | 13.9B | 14.4B | 14.6B | 14.8B | 16.3B | 17.3B | 17.9B |
| Cash & Short-term Investments | 12.7B | 12.2B | 9.51B | 13.0B | 16.3B | 35.8B | 39.3B | 36.9B | 41.8B | 27.1B | 27.5B |
| Total Debt | 8.85B | 10.0B | 9.29B | 7.58B | 6.74B | 7.00B | 8.53B | 9.71B | 12.0B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -6.86B | 458M | -833M | 2.31B | -190M | 1.23B | -2.30B | 3.62B | 4.58B | 1.74B | -835M |
| Capital Expenditure | 97.0M | 94.1M | 54.4M | 70.1M | 709M | 215M | 232M | 263M | 278M | 181M | 228M |
| Free Cash Flow | -6.95B | 364M | -887M | 2.24B | -900M | 1.02B | -2.53B | 3.36B | 4.30B | 1.56B | -1.06B |
| Ratios | |||||||||||
| ROE | 6.5% | 4.8% | 1.5% | 5.7% | 5.8% | 5.2% | 2.7% | 2.2% | 5.5% | 4.9% | 5.9% |
| ROA | 1.8% | 1.3% | 0.4% | 1.4% | 2.0% | 1.7% | 0.8% | 0.7% | 1.7% | 1.5% | 1.7% |
| Net Profit Margin | 29.0% | 23.1% | 5.4% | 16.5% | 22.9% | 20.5% | 13.3% | 11.1% | 23.2% | 23.9% | 29.0% |
| Debt to Equity | 1.03x | 1.13x | 1.09x | 0.84x | 0.48x | 0.49x | 0.58x | 0.66x | 0.74x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
First Capital Securities Co Ltd Class A dividends
- Dividend yield
- 2.19%
- Forward dividend
- 0.08 CNY
- Payout ratio
- 63.6%
- Ex-dividend date
- Sep 17, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 535M | 0.13 | 63.6% |
| 2024 | CNY 403M | 0.10 | 44.6% |
| 2023 | CNY 521M | 0.13 | 157.5% |
| 2022 | CNY 474M | 0.11 | 118.3% |
| 2021 | CNY 468M | 0.11 | 62.8% |
| 2020 | CNY 466M | 0.12 | 57.3% |
| 2019 | CNY 398M | 0.12 | 77.5% |
| 2018 | CNY 392M | 0.11 | 315.6% |
| 2017 | CNY 405M | 0.12 | 95.9% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 16:10 on May 26, 2017.
Who owns First Capital Securities Co Ltd Class A
- Insiders 21.63%
- Institutions 13.31%
- Public & others 65.06%
- Shares outstanding 4.20B
- Free float 4.20B
First Capital Securities Co Ltd Class A company profile
- Company name
- First Capital Securities Co Ltd Class A
- Ticker
- 002797.SHE
- ISIN
- CNE1000027G0
- Exchange
- Shenzhen Stock Exchange
- Sector
- Financial Services
- Industry
- Capital Markets
- Employees
- 2,629
- Fiscal year end
- December
- Address
- 15-20F, Investment Bank Building, Shenzhen, China, 518048
- Phone
- 86 75 5238 38888
- Website
- firstcapital.com.cn
About First Capital Securities Co Ltd Class A
First Capital Securities Co., Ltd. engages in securities business in China. It offers fixed-income products, such as treasury bonds, central bank bills, policy financial bonds and short-term financing bonds, medium-term notes, non-publicly oriented debt financing instruments, government bonds, corporate bonds, financial bonds, and other fixed-income products, as well as provides interest rate swaps. The company also provides investment banking, asset management, securities and futures brokerage, corporate financing, private equity fund management, credit, research, and alternative investment services, as well as other financial products. The company was founded in 1993 and is headquartered in Shenzhen, China.
First Capital Securities Co Ltd Class A management
8- Ms. Fang WangGM & President · born 1977
- Mr. Ping Cuo Qing MeiExecutive VP & Vice Chairman of the Board · born 1987
- Mr. Dong Jun MaFinancial Director, CFO & VP · born 1968
- Mr. Guofeng WangChief Risk Officer & Chief Information Officer · born 1972
- Mr. Guo Cong LuCompliance Director · born 1980
- Ms. Hua QuSecretary of the Board of Directors · born 1982
- Mr. Weibin YangVice President · born 1974
- Ms. Binxia ChenVice President · born 1985