China Securities Co Ltd

Chart & Performance

D1W1MN

P/E

24.09

P/S

8.24

EPS

1.11

Div Yield, %

0.93%

Shrs. gr., 5y

0.29%

Rev. gr., 5y

9.04%

Revenues

21.12b

-16.51%

Net income

7.22b

+2.68%

CFO

29.50b

+400.71%

Dividend

Aug 22, 20240.25 CNY/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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	21,120,268 -16.51%	25,296,784 -8.19%	27,553,218 -7.76%
Cost of revenue	11,064,918	10,025,670	15,256,651
Unusual Expense (Income)
NOPBT	10,055,350	15,271,114	12,296,566
NOPBT Margin	47.61%	60.37%	44.63%
Operating Taxes	1,454,710	1,324,423	1,954,768
Tax Rate	14.47%	8.67%	15.90%
NOPAT	8,600,640	13,946,691	10,341,798
Net income	7,223,221 2.68%	7,034,486 -6.45%	7,519,428 -26.56%
Dividends	(7,901,459)		(3,063,894)
Dividend yield	3.96%		1.66%
Proceeds from repurchase of equity	(5,000,000)		10,006,000
BB yield	2.50%		-5.43%
Debt
Debt current	156,821,802	169,540,895	152,171,420
Long-term debt	101,643,514	130,799,097	134,551,328
Deferred revenue
Other long-term liabilities	358,255,753
Net debt	(75,948,364)	(22,941,851)	(180,880,899)
Cash flow
Cash from operating activities	29,500,381	5,891,728	39,990,032
CAPEX	(538,839)	(1,077,768)
Cash from investing activities	(13,321,721)	(28,603,365)
Cash from financing activities	22,625,008	10,839,506	134,809
FCF	(63,639,219)	(126,723,881)	12,044,315
Balance
Cash	36,579,976	28,986,360	206,601,589
Long term investments	297,833,704	294,295,482	261,002,058
Excess cash	333,357,667	322,017,003	466,225,986
Stockholders' equity	69,381,556	60,202,879	95,572,028
Invested Capital	492,585,117	632,090,204	388,602,309
ROIC	1.53%	2.73%	2.75%
ROCE	1.79%	2.21%	2.53%
EV
Common stock shares outstanding	7,756,695	7,756,695	7,756,695
Price	25.75 8.83%	23.66 -0.38%	23.75 -18.80%
Market cap	199,734,896 8.83%	183,523,404 -0.38%	184,221,501 -18.80%
EV	123,836,748	160,629,913	30,574,812
EBITDA	11,221,858	16,358,542	13,272,264
EV/EBITDA	11.04	9.82	2.30
Interest	7,897,001	8,406,079	7,141,940
Interest/NOPBT	78.54%	55.05%	58.08%