China Merchants Securities Co., Ltd. Logo

China Merchants Securities Co., Ltd.

6099.HK

(2.5)
Stock Price

15,22 HKD

1.38% ROA

7.17% ROE

14.8x PER

Market Cap.

175.082.927.487,01 HKD

136.46% DER

2.59% Yield

51.36% NPM

China Merchants Securities Co., Ltd. Stock Analysis

China Merchants Securities Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

China Merchants Securities Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.49x), the stock offers substantial upside potential at a bargain price.

2 Assets Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

3 Dividend

Shareholders can rely on the company's remarkable dividend history, consistently paying dividends for the past five years, demonstrating a steadfast dedication to rewarding investors.

4 ROE

The stock's ROE falls within an average range (6.97%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

5 ROA

The stock's ROA (1.31%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

7 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (10), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

8 DER

The company has a high debt to equity ratio (139%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

9 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

10 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

11 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

China Merchants Securities Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

China Merchants Securities Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

China Merchants Securities Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

China Merchants Securities Co., Ltd. Revenue
Year Revenue Growth
2004 663.688.023
2005 603.495.003 -9.97%
2006 2.445.575.873 75.32%
2007 9.596.225.857 74.52%
2008 4.637.072.910 -106.95%
2009 8.565.095.639 45.86%
2010 6.121.498.232 -39.92%
2011 4.949.838.660 -23.67%
2012 4.396.072.701 -12.6%
2013 5.803.975.877 24.26%
2014 10.663.358.890 45.57%
2015 24.740.691.622 56.9%
2016 11.066.130.510 -123.57%
2017 12.507.725.090 11.53%
2018 10.404.138.460 -20.22%
2019 17.826.361.607 41.64%
2020 23.235.032.106 23.28%
2021 27.828.639.213 16.51%
2022 17.557.518.693 -58.5%
2023 14.809.372.568 -18.56%
2023 18.282.117.905 19%
2024 19.577.074.024 6.61%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

China Merchants Securities Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

China Merchants Securities Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 404.192.423
2005 385.105.354 -4.96%
2006 877.139.015 56.1%
2007 3.131.743.589 71.99%
2008 2.055.696.399 -52.34%
2009 3.260.145.299 36.94%
2010 2.285.791.395 -42.63%
2011 2.389.969.631 4.36%
2012 2.545.249.612 6.1%
2013 3.070.713.217 17.11%
2014 4.779.815.973 35.76%
2015 9.822.649.973 51.34%
2016 4.829.311.573 -103.4%
2017 6.111.873.696 20.98%
2018 5.665.057.863 -7.89%
2019 7.537.473.656 24.84%
2020 9.672.019.828 22.07%
2021 11.068.661.471 12.62%
2022 8.649.123.077 -27.97%
2023 7.650.163.244 -13.06%
2023 8.747.730.854 12.55%
2024 9.966.320.596 12.23%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

China Merchants Securities Co., Ltd. EBITDA
Year EBITDA Growth
2004 71.815.489
2005 93.060.397 22.83%
2006 1.523.306.363 93.89%
2007 6.543.705.852 76.72%
2008 2.549.110.995 -156.71%
2009 4.925.337.384 48.24%
2010 4.424.525.026 -11.32%
2011 3.045.625.273 -45.27%
2012 2.552.396.734 -19.32%
2013 3.858.761.544 33.85%
2014 5.018.854.163 23.11%
2015 13.702.284.053 63.37%
2016 6.533.276.353 -109.73%
2017 7.216.118.184 9.46%
2018 11.911.319.733 39.42%
2019 9.182.402.083 -29.72%
2020 11.777.554.335 22.03%
2021 14.213.861.750 17.14%
2022 18.390.030.225 22.71%
2023 6.805.310.952 -170.23%
2023 9.871.304.694 31.06%
2024 10.782.261.008 8.45%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

China Merchants Securities Co., Ltd. Gross Profit
Year Gross Profit Growth
2004 663.688.023
2005 603.495.003 -9.97%
2006 2.445.575.873 75.32%
2007 9.596.225.857 74.52%
2008 4.637.072.910 -106.95%
2009 8.565.095.639 45.86%
2010 6.121.498.232 -39.92%
2011 4.949.838.660 -23.67%
2012 4.396.072.701 -12.6%
2013 5.803.975.877 24.26%
2014 10.663.358.890 45.57%
2015 24.740.691.622 56.9%
2016 11.066.130.510 -123.57%
2017 12.507.725.090 11.53%
2018 10.404.138.460 -20.22%
2019 17.826.361.607 41.64%
2020 23.235.032.106 23.28%
2021 27.828.639.213 16.51%
2022 17.557.518.693 -58.5%
2023 14.809.372.568 -18.56%
2023 18.282.117.905 19%
2024 19.577.074.024 6.61%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

China Merchants Securities Co., Ltd. Net Profit
Year Net Profit Growth
2004 42.787.274
2005 52.847.955 19.04%
2006 1.251.797.622 95.78%
2007 5.062.422.135 75.27%
2008 2.020.698.502 -150.53%
2009 3.727.722.803 45.79%
2010 3.228.860.702 -15.45%
2011 2.008.293.999 -60.78%
2012 1.645.998.003 -22.01%
2013 2.229.668.946 26.18%
2014 3.850.672.721 42.1%
2015 10.908.748.759 64.7%
2016 5.403.450.595 -101.88%
2017 5.785.955.137 6.61%
2018 4.424.985.940 -30.76%
2019 7.282.380.829 39.24%
2020 9.491.638.796 23.28%
2021 11.645.065.137 18.49%
2022 8.070.242.869 -44.3%
2023 6.698.183.305 -20.48%
2023 8.763.959.184 23.57%
2024 10.361.889.232 15.42%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

China Merchants Securities Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 0
2005 0 0%
2006 0 0%
2007 1 100%
2008 0 0%
2009 1 0%
2010 1 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 1 0%
2015 2 100%
2016 1 0%
2017 1 0%
2018 0 0%
2019 1 0%
2020 1 100%
2021 1 0%
2022 1 0%
2023 1 0%
2023 1 0%
2024 2 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

China Merchants Securities Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2004 -1.611.177.442
2005 1.650.185.995 197.64%
2006 10.035.333.467 83.56%
2007 58.101.625.107 82.73%
2008 -36.998.099.626 257.04%
2009 21.994.559.496 268.21%
2010 -929.249.890 2466.92%
2011 -25.763.653.651 96.39%
2012 -3.342.179.788 -670.86%
2013 -18.711.053.399 82.14%
2014 19.246.857.707 197.22%
2015 -18.709.006.705 202.87%
2016 -24.381.251.432 23.26%
2017 -42.823.011.699 43.07%
2018 33.704.368.992 227.05%
2019 9.747.215.198 -245.78%
2020 -10.179.057.514 195.76%
2021 -41.605.813.310 75.53%
2022 61.943.592.598 167.17%
2023 -6.460.341.629 1058.83%
2023 26.495.481.899 124.38%
2024 10.708.102.801 -147.43%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

China Merchants Securities Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2004 -1.592.832.002
2005 1.674.075.236 195.15%
2006 10.174.031.646 83.55%
2007 58.369.965.082 82.57%
2008 -36.424.299.162 260.25%
2009 22.117.779.559 264.68%
2010 -780.770.358 2932.81%
2011 -25.565.801.931 96.95%
2012 -3.177.391.496 -704.62%
2013 -18.428.834.886 82.76%
2014 19.608.939.658 193.98%
2015 -18.307.626.766 207.11%
2016 -23.944.442.970 23.54%
2017 -42.554.094.926 43.73%
2018 34.165.707.849 224.55%
2019 9.988.552.735 -242.05%
2020 -9.805.343.717 201.87%
2021 -41.193.054.040 76.2%
2022 62.503.842.403 165.9%
2023 -6.368.534.852 1081.45%
2023 27.103.725.895 123.5%
2024 10.802.018.721 -150.91%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

China Merchants Securities Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2004 18.345.441
2005 23.889.241 23.21%
2006 138.698.179 82.78%
2007 268.339.975 48.31%
2008 573.800.465 53.23%
2009 123.220.063 -365.67%
2010 148.479.532 17.01%
2011 197.851.720 24.95%
2012 164.788.293 -20.06%
2013 282.218.513 41.61%
2014 362.081.951 22.06%
2015 401.379.939 9.79%
2016 436.808.462 8.11%
2017 268.916.773 -62.43%
2018 461.338.856 41.71%
2019 241.337.537 -91.16%
2020 373.713.796 35.42%
2021 412.759.270 9.46%
2022 560.249.805 26.33%
2023 91.806.777 -510.25%
2023 608.243.995 84.91%
2024 93.915.919 -547.65%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

China Merchants Securities Co., Ltd. Equity
Year Equity Growth
2004 1.695.540.851
2005 1.726.915.266 1.82%
2006 4.166.169.451 58.55%
2007 7.575.432.210 45%
2008 8.137.794.985 6.91%
2009 22.615.736.970 64.02%
2010 23.975.840.489 5.67%
2011 24.668.990.273 2.81%
2012 25.767.639.775 4.26%
2013 27.184.380.452 5.21%
2014 41.596.161.155 34.65%
2015 48.431.789.205 14.11%
2016 59.915.038.719 19.17%
2017 79.333.704.412 24.48%
2018 80.792.354.198 1.81%
2019 85.127.849.827 5.09%
2020 105.824.711.751 19.56%
2021 112.590.450.215 6.01%
2022 115.241.564.776 2.3%
2023 122.036.932.267 5.57%
2023 119.634.426.212 -2.01%
2024 124.529.488.952 3.93%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

China Merchants Securities Co., Ltd. Assets
Year Assets Growth
2004 5.704.057.656
2005 8.012.552.781 28.81%
2006 19.755.519.837 59.44%
2007 81.392.218.866 75.73%
2008 47.637.058.785 -70.86%
2009 96.512.312.560 50.64%
2010 95.358.732.431 -1.21%
2011 68.857.226.623 -38.49%
2012 75.536.501.457 8.84%
2013 83.157.180.012 9.16%
2014 193.408.050.497 57%
2015 291.655.584.780 33.69%
2016 243.058.427.505 -19.99%
2017 285.643.555.039 14.91%
2018 304.930.704.832 6.33%
2019 381.771.888.128 20.13%
2020 499.726.677.784 23.6%
2021 597.221.126.798 16.32%
2022 611.661.880.257 2.36%
2023 695.852.990.280 12.1%
2023 624.017.113.164 -11.51%
2024 639.129.526.310 2.36%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

China Merchants Securities Co., Ltd. Liabilities
Year Liabilities Growth
2004 4.008.516.805
2005 6.285.637.514 36.23%
2006 15.589.350.385 59.68%
2007 73.816.786.655 78.88%
2008 39.499.263.799 -86.88%
2009 73.896.575.589 46.55%
2010 71.382.891.942 -3.52%
2011 44.188.236.350 -61.54%
2012 49.768.861.680 11.21%
2013 55.972.799.559 11.08%
2014 151.811.889.342 63.13%
2015 243.223.795.575 37.58%
2016 183.143.388.785 -32.81%
2017 206.309.850.626 11.23%
2018 224.138.350.633 7.95%
2019 296.644.038.301 24.44%
2020 393.901.966.032 24.69%
2021 484.630.676.581 18.72%
2022 496.420.315.481 2.37%
2023 573.816.058.013 13.49%
2023 504.382.686.952 -13.77%
2024 514.600.037.357 1.99%

China Merchants Securities Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
1.97
Net Income per Share
1.01
Price to Earning Ratio
14.8x
Price To Sales Ratio
10.24x
POCF Ratio
5.08
PFCF Ratio
7.02
Price to Book Ratio
1.04
EV to Sales
8.01
EV Over EBITDA
15.14
EV to Operating CashFlow
5.36
EV to FreeCashFlow
5.49
Earnings Yield
0.07
FreeCashFlow Yield
0.14
Market Cap
175,08 Bil.
Enterprise Value
137,05 Bil.
Graham Number
18.03
Graham NetNet
-35.22

Income Statement Metrics

Net Income per Share
1.01
Income Quality
4.13
ROE
0.07
Return On Assets
0.01
Return On Capital Employed
0.01
Net Income per EBT
0.97
EBT Per Ebit
1
Ebit per Revenue
0.53
Effective Tax Rate
0.03

Margins

Sales, General, & Administrative to Revenue
0.51
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
0.53
Pretax Profit Margin
0.53
Net Profit Margin
0.51

Dividends

Dividend Yield
0.03
Dividend Yield %
2.59
Payout Ratio
0.85
Dividend Per Share
0.39

Operating Metrics

Operating Cashflow per Share
2.94
Free CashFlow per Share
2.87
Capex to Operating CashFlow
0.02
Capex to Revenue
0.04
Capex to Depreciation
2.07
Return on Invested Capital
0.03
Return on Tangible Assets
0.01
Days Sales Outstanding
12.55
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
29.09
Payables Turnover
0
Inventory Turnover
0
Capex per Share
0.07

Balance Sheet

Cash per Share
23,90
Book Value per Share
14,32
Tangible Book Value per Share
14.23
Shareholders Equity per Share
14.31
Interest Debt per Share
20.63
Debt to Equity
1.36
Debt to Assets
0.27
Net Debt to EBITDA
-4.2
Current Ratio
6.22
Tangible Asset Value
123,77 Bil.
Net Current Asset Value
-306,15 Bil.
Invested Capital
178291682644
Working Capital
174,95 Bil.
Intangibles to Total Assets
0
Average Receivables
0,57 Bil.
Average Payables
33,79 Bil.
Average Inventory
0
Debt to Market Cap
0.97

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

China Merchants Securities Co., Ltd. Dividends
Year Dividends Growth
2017 0
2018 0 0%
2019 0 0%
2020 0 0%
2021 1 0%
2022 1 0%
2023 0 0%
2024 0 0%

China Merchants Securities Co., Ltd. Profile

About China Merchants Securities Co., Ltd.

China Merchants Securities Co., Ltd. provides securities investment and trading services to corporate, institutional, and individual clients in the People's Republic of China. The company operates through Wealth Management and Institutional Business, Investment Banking, Investment Management, and Investment and Trading segments. It offers investment consultancy, investment portfolio recommendation, sale of products, and assets allocation; capital-based intermediary services, including margin financing, securities lending, and stock pledge repo and stock repurchase transactions; investment research, sales and trading, prime brokerage, and other services for funds and insurance companies; and trades in stocks, funds, bonds, futures, and other derivatives. The company also provides investment banking services, including domestic and international equity financing, debt financing, equity and bond underwriting, structured financing, over the counter (OTC) listing, merger and acquisition, financial advisory, and other services; and investment management services comprising collective asset management, separately managed account, specialized asset management, and equity investment fund management. In addition, it engages in the trading of equity and fixed-income securities, commodities, foreign exchange, alternative investment, and other derivatives, as well as offers OTC financial products, market maker services, and insurance agency services. The company was founded in 1991 and is based in Shenzhen, the People's Republic of China.

CEO
Mr. Da Huo
Employee
12.260
Address
No. 111, Fuhua Yi Road
Shenzhen, 518046

China Merchants Securities Co., Ltd. Executives & BODs

China Merchants Securities Co., Ltd. Executives & BODs
# Name Age
1 Mr. Kai Xiong
Vice President
70
2 Mr. Bin Zhao
Vice President
70
3 Mr. Jie Liu
Vice President (Chief Financial Officer) & Joint Company Secretary
70
4 Mr. Zongmin Wu
President, GM & Executive Director
70
5 Mr. Jianping Wang
Employee Representative Supervisor, GM of Finance Dept. & Head of Accounting Department
70
6 Mr. Xing Zhang
Chief Compliance Officer & Chief Risk Officer
70
7 Ms. Hongyan Yin
Head of Human Resources Department & Employee-Representative Supervisor
70
8 Mr. Haochuan Zhang
Vice President
70
9 Mr. Rui Liu
Vice President
70
10 Mr. Da Huo
Chief Information Officer & Executive Chairman of the Board
70

China Merchants Securities Co., Ltd. Competitors