Financials Everbright Securities Company Limited

Equities

601788

CNE100000FD8

Investment Banking & Brokerage Services

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.53 CNY +6.23% Intraday chart for Everbright Securities Company Limited +5.42% +7.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 55,193 76,467 61,786 61,356 63,545 68,188 - -
Enterprise Value (EV) 1 55,193 76,467 61,786 61,356 63,545 68,188 68,188 68,188
P/E ratio 109 x 35.6 x 20.7 x 24.4 x 18.8 x 36.7 x 24.7 x 31.2 x
Yield 0.28% 0.85% 1.53% 1.41% 1.82% - - -
Capitalization / Revenue 5.49 x 4.85 x 3.7 x 5.69 x 6.34 x 5.82 x 5.23 x 6.33 x
EV / Revenue 5.49 x 4.85 x 3.7 x 5.69 x 6.34 x 5.82 x 5.23 x 6.33 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.27 x 1.69 x 1.19 x 1.26 x 1.06 x 1.28 x 1.12 x 1.19 x
Nbr of stocks (in thousands) 4,610,788 4,610,788 4,610,788 4,610,788 4,610,788 4,610,788 - -
Reference price 2 13.10 18.52 14.93 14.87 15.42 16.53 16.53 16.53
Announcement Date 1/22/20 1/26/21 1/21/22 2/14/23 1/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,057 15,776 16,705 10,780 10,031 11,714 13,031 10,770
EBITDA - - - - - - - -
EBIT 1 2,846 5,631 5,429 3,860 2,523 2,364 3,672 3,096
Operating Margin 28.3% 35.69% 32.5% 35.81% 25.15% 20.18% 28.17% 28.75%
Earnings before Tax (EBT) 1 1,219 4,095 4,691 3,854 4,649 5,913 5,333 -
Net income 1 567.9 2,415 3,501 3,189 4,190 3,438 3,894 2,455
Net margin 5.65% 15.31% 20.96% 29.58% 41.77% 29.35% 29.88% 22.79%
EPS 2 0.1200 0.5200 0.7200 0.6100 0.8200 0.4500 0.6700 0.5300
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 0.0370 0.1580 0.2280 0.2100 0.2803 - - -
Announcement Date 1/22/20 1/26/21 1/21/22 2/14/23 1/24/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 1.17% 4.83% 6.35% 5.27% 6.91% 5.16% 5.17% 3.33%
ROA (Net income/ Total Assets) 0.28% 1.12% 1.5% - - 0.97% 1.04% 1.09%
Assets 1 205,034 216,254 233,980 - - 354,484 374,441 225,202
Book Value Per Share 2 10.30 11.00 12.60 11.80 14.60 12.90 14.80 13.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/22/20 1/26/21 1/21/22 2/14/23 1/24/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
16.53 CNY
Average target price
17.55 CNY
Spread / Average Target
+6.17%
Consensus

Annual profits - Rate of surprise

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