China Securities Co Ltd

Chart & Performance

D1W1MN

P/E

8.67

P/S

1.94

EPS

1.08

Div Yield, %

3.22%

Shrs. gr., 5y

-0.92%

Rev. gr., 5y

23.59%

Revenues

25.30b

-8.19%

Net income

7.03b

-6.45%

CFO

5.89b

-85.27%

Dividend

Jul 03, 20240.274 HKD/sh

Profile

CSC Financial Co., Ltd., together with its subsidiaries, provides investment banking services in Mainland China and internationally. The company operates through four segments: Investment Banking, Wealth Management, Trading and Institutional Client Services, and Asset Management. The Investment Banking segment offers financial advisory, sponsoring, and equity and debt securities underwriting services. The Wealth Management segment provides brokerage agency services for corporate and personal clients in the trading of equity stocks, funds, bonds, and futures, as well as margin financing and securities lending services. The Trading and Institutional Client Services segment trades in financial products; and offers brokerage agency services for financial institutions in the trading of equity stocks, funds, and bonds, as well as margin financing and securities lending services. This segment also provides services in relation to the sale of financial products to institutional clients, and specialized research and advisory services. The Asset Management segment develops asset management and fund management products, as well as offers private placement offerings and related services. The company was formerly known as China Securities Finance Co., Ltd. CSC Financial Co., Ltd. was founded in 2005 and is based in Beijing, China.

URL

https://www.csc108.com/

IPO date

Dec 09, 2016

Employees

13,804

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	25,296,784 -8.19%	27,553,218 -7.76%	29,869,874 27.98%
Cost of revenue	10,025,670	15,256,651	14,394,959
Unusual Expense (Income)
NOPBT	15,271,114	12,296,566	15,474,915
NOPBT Margin	60.37%	44.63%	51.81%
Operating Taxes	1,324,423	1,954,768	2,785,763
Tax Rate	8.67%	15.90%	18.00%
NOPAT	13,946,691	10,341,798	12,689,152
Net income	7,034,486 -6.45%	7,519,428 -26.56%	10,238,703 7.67%
Dividends		(3,063,894)	(2,908,761)
Dividend yield		1.66%	1.28%
Proceeds from repurchase of equity		10,006,000	5,000,000
BB yield		-5.43%	-2.20%
Debt
Debt current	169,540,895	152,171,420	127,904,289
Long-term debt	130,799,097	134,551,328	135,224,403
Deferred revenue			132,398,189
Other long-term liabilities			(133,923,505)
Net debt	(22,941,851)	(180,880,899)	(141,731,560)
Cash flow
Cash from operating activities	5,891,728	39,990,032	11,119,419
CAPEX	(1,077,768)
Cash from investing activities	(28,603,365)		1,796,774
Cash from financing activities	10,839,506	134,809	12,511,585
FCF	(126,723,881)	12,044,315	10,531,553
Balance
Cash	28,986,360	206,601,589	192,325,247
Long term investments	294,295,482	261,002,058	212,535,005
Excess cash	322,017,003	466,225,986	403,366,758
Stockholders' equity	60,202,879	95,572,028	65,068,785
Invested Capital	632,090,204	388,602,309	363,340,191
ROIC	2.73%	2.75%	3.94%
ROCE	2.21%	2.53%	3.60%
EV
Common stock shares outstanding	7,756,695	7,756,695	7,756,695
Price	23.66 -0.38%	23.75 -18.80%	29.25 -30.36%
Market cap	183,523,404 -0.38%	184,221,501 -18.80%	226,883,323 -29.35%
EV	160,629,913	30,574,812	85,339,591
EBITDA	16,358,542	13,272,264	16,175,019
EV/EBITDA	9.82	2.30	5.28
Interest	8,406,079	7,141,940	7,234,074
Interest/NOPBT	55.05%	58.08%	46.75%