CHINA GREAT WALL SECURITIES CO.,LTD. Financials China Great Wall Securities Co.,Ltd.
Equities
002939
CNE100003GD0
Investment Banking & Brokerage Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.57 CNY | -0.13% |
|
-1.17% | -5.38% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 30,755 | 43,013 | 39,941 | 40,189 | 33,405 | 32,275 |
| Enterprise Value (EV) 1 | 32,746 | 29,135 | 30,679 | 46,186 | 33,002 | 40,052 |
| P/E ratio | 48.1 x | 43.4 x | 26.8 x | 22.8 x | 31.8 x | 22.4 x |
| Yield | 2.02% | 0.79% | 0.78% | 1.16% | 1.21% | 1.44% |
| Capitalization / Revenue | 11.2 x | 11.1 x | 5.87 x | 5.19 x | 10.8 x | 8.14 x |
| EV / Revenue | 11.9 x | 7.51 x | 4.51 x | 5.96 x | 10.6 x | 10.1 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 1.86 x | 2.54 x | 2.21 x | 2.05 x | 1.21 x | 1.13 x |
| Nbr of stocks (in thousands) | 3,103,405 | 3,103,405 | 3,103,405 | 3,103,405 | 4,034,427 | 4,034,427 |
| Reference price 2 | 9.910 | 13.86 | 12.87 | 12.95 | 8.280 | 8.000 |
| Announcement Date | 4/23/19 | 4/20/20 | 4/12/21 | 4/8/22 | 4/18/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,741 | 3,881 | 6,807 | 7,748 | 3,101 | 3,965 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 682.1 | 1,202 | 1,827 | 2,168 | 821.2 | 1,541 |
| Net income 1 | 585.7 | 992.2 | 1,502 | 1,766 | 898.8 | 1,438 |
| Net margin | 21.37% | 25.56% | 22.06% | 22.79% | 28.99% | 36.28% |
| EPS 2 | 0.2059 | 0.3197 | 0.4800 | 0.5689 | 0.2600 | 0.3565 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.1100 | 0.1000 | 0.1500 | 0.1000 | 0.1150 |
| Announcement Date | 4/23/19 | 4/20/20 | 4/12/21 | 4/8/22 | 4/18/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,991 | - | - | 5,997 | - | 7,776 |
| Net Cash position 1 | - | 13,878 | 9,262 | - | 403 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 3.78% | 5.96% | 8.53% | 9.55% | 3.79% | 5% |
| ROA (Net income/ Total Assets) | 1.28% | 1.89% | 2.33% | 2.24% | 0.95% | 1.32% |
| Assets 1 | 45,676 | 52,574 | 64,412 | 78,882 | 94,913 | 108,777 |
| Book Value Per Share 2 | 5.320 | 5.450 | 5.820 | 6.310 | 6.830 | 7.090 |
| Cash Flow per Share 2 | 0.2100 | 0.2400 | 0.2200 | 0.4900 | 0.3300 | 0.4900 |
| Capex 1 | 69 | 157 | 94.2 | 83.8 | 84.8 | 108 |
| Capex / Sales | 2.52% | 4.04% | 1.38% | 1.08% | 2.74% | 2.71% |
| Announcement Date | 4/23/19 | 4/20/20 | 4/12/21 | 4/8/22 | 4/18/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.38% | 4.23B | |
| -7.34% | 28.64B | |
| -6.25% | 15.89B | |
| +10.90% | 14.55B | |
| +44.99% | 12.86B | |
| -16.26% | 11.83B | |
| -2.53% | 9.16B | |
| -11.23% | 7.14B | |
| +19.18% | 6.17B | |
| -4.60% | 5.72B |
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