CITIC SECURITIES COM

600030
End-of-day quote. End-of-day quote  - 11/30
23.77CNY -0.13%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 346 599287 706
Entreprise Value (EV)1 524 490336 675
P/E ratio 25,3x14,6x
Yield 1,36%2,72%
Capitalization / Revenue 6,37x4,05x
EV / Revenue 9,64x4,74x
EV / EBITDA 23 684 077x-
Price to Book 2,09x1,52x
Nbr of stocks (in thousands) 12 926 77612 926 776
Reference price (CNY) 29,423,8
Announcement Date 01/22/2021-
Previous period Next period
1 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 54 38368 702
EBITDA 22 145-
Operating profit (EBIT)1 20 63827 201
Operating Margin 37,9%39,6%
Pre-Tax Profit (EBT)1 20 47029 003
Net income1 14 90220 203
Net margin 27,4%29,4%
EPS2 1,161,63
Dividend per Share2 0,400,65
Announcement Date 01/22/2021-
Previous period Next period
1 CNY in Million
2 CNY
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 177 89248 969
Net Cash position1 --
Leverage (Debt / EBITDA) 8,03x-
Free Cash Flow --
ROE (Net Profit / Equities) 8,68%11,0%
Shareholders' equity1 171 669184 430
ROA (Net Profit / Asset) 1,62%1,95%
Assets1 922 3451 034 791
Book Value Per Share2 14,115,6
Cash Flow per Share2 7,922,07
Capex --
Capex / Sales --
Announcement Date 01/22/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 287 706 M CNY -
Entreprise Value (EV) 336 675 M CNY 332 669 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 14,6x 12,9x
Capitalization / Revenue 4,05x 3,57x
EV / Revenue 4,74x 4,18x
EV / EBITDA - -
Yield (DPS / Price) 2,72% 3,07%
Price to book (Price / BVPS) 1,52x 1,41x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 42,1% 39,9%
Operating Leverage (Delta EBIT / Delta Sales) 1,47x 0,56x
Net Margin (Net Profit / Revenue) 29,8% 30,2%
ROA (Net Profit / Asset) 1,86% 1,80%
ROE (Net Profit / Equities) 11,0% 11,3%
Rate of Dividend 39,8% 39,5%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   0 0
Cash Flow / Sales 37,7% 36,1%
Capital Intensity (Assets / Sales) 16,0x 16,8x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend