XHKG1476
Market cap570mUSD
Dec 27, Last price
1.70HKD
1D
-5.56%
1Q
-2.86%
Jan 2017
-62.22%
IPO
-57.29%
Name
Hengtai Securities Co Ltd
Chart & Performance
Profile
Hengtai Securities Co., Ltd provides a range of financial products and services in China. The company's Brokerage and Wealth Management segment trades in stocks, funds, bonds, and futures on behalf of the clients; and provides investment and financing solutions to high-end, professional, and institutional clients, including the sale of financial products, margin financing, and securities lending. Its Investment Banking segment offers corporate finance services comprising financial advisory, equity underwriting, and debt underwriting services, as well as over-the-counter services to institutional clients; and services to companies entering into National Equities Exchange and Quotations for share quotation and transfer. The company's Proprietary Trading segment engages in the trading of equities, bonds, funds, and derivatives. Its Investment Management segment is involved in asset management, private equity investment, and alternative investment activities. The company is also involved in securities investment and fund distribution, and securities sponsoring businesses; and venture capital and industrial investment businesses. In addition, it provides fund raising and management, and corporate management services, as well as investment and financial consulting services; and corporate asset reorganization, merger and acquisition, and marketing planning services, as well as equity and equity-related debt investment services. The company serves individuals, institutional investors, and financial institutions, as well as large, small, and medium enterprises. As of December 31, 2021, it operated 122 securities branches. The company was founded in 1988 and is headquartered in Beijing, the People's Republic of China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 1,720,772 -13.87% | 1,997,797 -23.67% | 2,617,415 14.04% | |||||||
Cost of revenue | 219,151 | 385,294 | 1,807,085 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 1,501,621 | 1,612,503 | 810,330 | |||||||
NOPBT Margin | 87.26% | 80.71% | 30.96% | |||||||
Operating Taxes | 4,501 | (506,760) | 89,704 | |||||||
Tax Rate | 0.30% | 11.07% | ||||||||
NOPAT | 1,497,120 | 2,119,263 | 720,626 | |||||||
Net income | 64,145 -104.27% | (1,501,620) -637.74% | 279,248 -41.10% | |||||||
Dividends | ||||||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 4,632,692 | 8,189,085 | 7,347,601 | |||||||
Long-term debt | 3,619,279 | 271,078 | 3,703,163 | |||||||
Deferred revenue | 3,398,483 | |||||||||
Other long-term liabilities | 19,069,972 | (3,398,483) | ||||||||
Net debt | 6,198,957 | 6,442,354 | 9,222,539 | |||||||
Cash flow | ||||||||||
Cash from operating activities | (201,798) | 2,104,616 | 779,929 | |||||||
CAPEX | (79,026) | (108,281) | (156,273) | |||||||
Cash from investing activities | 577,384 | (973,329) | (466,142) | |||||||
Cash from financing activities | (371,821) | (1,611,998) | (344,156) | |||||||
FCF | (3,177,555) | 3,798,947 | 1,633,075 | |||||||
Balance | ||||||||||
Cash | 12,203,438 | 11,311,063 | 15,105,501 | |||||||
Long term investments | (10,150,424) | (9,293,254) | (13,277,276) | |||||||
Excess cash | 1,966,975 | 1,917,919 | 1,697,354 | |||||||
Stockholders' equity | 4,102,989 | 6,520,520 | 8,058,424 | |||||||
Invested Capital | 15,244,908 | 14,524,657 | 18,816,804 | |||||||
ROIC | 10.06% | 12.71% | 3.98% | |||||||
ROCE | 8.72% | 9.81% | 3.95% | |||||||
EV | ||||||||||
Common stock shares outstanding | 2,604,567 | 2,604,567 | 2,604,567 | |||||||
Price | 2.40 -23.81% | 3.15 -12.26% | 3.59 33.46% | |||||||
Market cap | 6,250,961 -23.81% | 8,204,386 -12.26% | 9,350,396 33.46% | |||||||
EV | 12,586,567 | 14,878,153 | 18,984,996 | |||||||
EBITDA | 1,725,897 | 1,829,474 | 1,022,564 | |||||||
EV/EBITDA | 7.29 | 8.13 | 18.57 | |||||||
Interest | 430,788 | 487,095 | 600,615 | |||||||
Interest/NOPBT | 28.69% | 30.21% | 74.12% |