China Galaxy Securities Co Ltd

Chart & Performance

D1W1MN

P/E

7.42

P/S

1.42

EPS

0.89

Div Yield, %

3.75%

Shrs. gr., 5y

1.18%

Rev. gr., 5y

32.80%

Revenues

34.60b

+86.09%

Net income

7.88b

+1.43%

CFO

-30.19b

Dividend

Jul 08, 20240.24112 HKD/sh

Profile

China Galaxy Securities Co., Ltd. provides various financial services in the People's Republic of China. Its Securities Brokerage segment offers securities dealing and broking; margin financing to margin clients; and securities lending services. The Company's Futures Brokerage segment is involved in futures dealing and broking, futures information consulting, and training activities. Its Proprietary Trading and Other Securities Trading Services segment engages in trading of equities, bonds, funds, derivatives, and other financial products. The Company's Investment Banking segment provides corporate financial services, including equity and debt securities underwriting, and financial advisory services to institutional clients. Its Asset Management segment offers portfolio management, investment advisory, and transaction execution services. The Company's Private Equity and Alternative Investment segment provides equity investments in private companies. Its Overseas Business segment offers securities and futures brokerage, securities research, investment banking, margin financing, money lending, asset management, and insurance brokerage services. The company serves various individual and institutional clients comprising multinational corporations, medium and small-sized enterprises, high-net-worth clients, and retail clients. As of December 31, 2021, it operated through a network of 37 branch offices and 501 securities branches. The company was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China. China Galaxy Securities Co., Ltd. operates as a subsidiary of China Galaxy Financial Holdings Company Limited.

URL

http://www.chinastock.com.cn/

IPO date

May 22, 2013

Employees

13,411

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	34,598,075 86.09%	18,592,475 -18.83%	22,904,740 33.32%
Cost of revenue	27,584,872	5,053,014	5,219,773
Unusual Expense (Income)
NOPBT	7,013,203	13,539,461	17,684,967
NOPBT Margin	20.27%	72.82%	77.21%
Operating Taxes	249,639	209,391	2,274,051
Tax Rate	3.56%	1.55%	12.86%
NOPAT	6,763,564	13,330,070	15,410,916
Net income	7,878,769 1.43%	7,767,550 -25.53%	10,430,238 43.99%
Dividends	(3,069,864)	(3,142,550)	(2,230,197)
Dividend yield	2.33%	3.15%	1.97%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		213,827,080	186,528,662
Long-term debt	3,391,460	155,897,306	142,593,731
Deferred revenue		(192,235)	139,876,144
Other long-term liabilities		(24,527,378)	(141,014,928)
Net debt	(375,387,748)	(131,424,951)	(59,583,556)
Cash flow
Cash from operating activities	(30,193,137)	28,825,542	21,135,870
CAPEX	(695,160)	(1,157,202)	(599,067)
Cash from investing activities	12,623,505	(24,811,024)	(23,701,738)
Cash from financing activities	17,031,013	2,458,105	2,874,321
FCF	6,813,660	13,071,972	14,651,295
Balance
Cash	19,116,800	176,106,358	129,899,914
Long term investments	359,662,408	325,042,980	258,806,035
Excess cash	377,049,304	500,219,714	387,560,712
Stockholders' equity	41,231,823	89,587,146	85,777,889
Invested Capital	621,973,474	619,450,247	530,787,838
ROIC	1.09%	2.32%	3.14%
ROCE	1.06%	1.91%	2.86%
EV
Common stock shares outstanding	10,934,402	10,746,288	10,137,259
Price	12.05 29.71%	9.29 -16.98%	11.19 -10.55%
Market cap	131,759,544 31.98%	99,833,020 -11.99%	113,435,925 -10.55%
EV	(243,599,779)	(3,594,367)	80,624,723
EBITDA	8,112,016	14,509,882	18,510,844
EV/EBITDA			4.36
Interest	10,285,645	9,126,572	8,140,801
Interest/NOPBT	146.66%	67.41%	46.03%