Haitong Securities Co Ltd
SSE:600837

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Haitong Securities Co Ltd Logo
Haitong Securities Co Ltd
SSE:600837
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Price: 12.01 CNY -1.64% Market Closed
Market Cap: 133.7B CNY
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Intrinsic Value

The intrinsic value of one Haitong Securities Co Ltd stock under the Base Case scenario is 11.74 CNY. Compared to the current market price of 12.01 CNY, Haitong Securities Co Ltd is Overvalued by 2%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

Intrinsic Value
11.74 CNY
Overvaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Haitong Securities Co Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Business Breakdown

Haitong Securities Co Ltd, one of China's leading integrated financial services firms, has a rich legacy that dates back to its establishment in 1929. Initially founded as a brokerage, the company has evolved into a comprehensive financial powerhouse, offering a diverse range of services including securities brokerage, asset management, investment banking, and wealth management. With a strong foothold in both domestic and international markets, Haitong is well-positioned to capitalize on the growing demand for financial services in China’s rapidly developing economy. The company boasts a robust client base, which includes institutional investors, high-net-worth individuals, and retail client...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Haitong Securities Co Ltd

Current Assets 242.3B
Cash & Short-Term Investments 142.7B
Receivables 99.6B
Other Current Assets 10
Non-Current Assets 512.3B
Long-Term Investments 413.7B
PP&E 17.3B
Intangibles 4.8B
Other Non-Current Assets 76.5B
Current Liabilities 311.9B
Accounts Payable 15.1B
Accrued Liabilities 2.8B
Short-Term Debt 146.1B
Other Current Liabilities 147.9B
Non-Current Liabilities 279.4B
Long-Term Debt 237.3B
Other Non-Current Liabilities 42.1B
Efficiency

Earnings Waterfall
Haitong Securities Co Ltd

Revenue
14.8B CNY
Operating Expenses
-13.8B CNY
Operating Income
997.3m CNY
Other Expenses
-2.9B CNY
Net Income
-1.9B CNY

Free Cash Flow Analysis
Haitong Securities Co Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

Profitability Score
Profitability Due Diligence

Haitong Securities Co Ltd's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Negative Free Cash Flow
Positive Operating Income
Negative Net Income
Positive Revenue Growth Forecast
45/100
Profitability
Score

Haitong Securities Co Ltd's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Haitong Securities Co Ltd's solvency score is 36/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Positive Net Debt
High D/E
36/100
Solvency
Score

Haitong Securities Co Ltd's solvency score is 36/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Haitong Securities Co Ltd

Wall Street analysts forecast Haitong Securities Co Ltd stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Haitong Securities Co Ltd is 8.43 CNY with a low forecast of 4.75 CNY and a high forecast of 13.5 CNY.

Lowest
Price Target
4.75 CNY
60% Downside
Average
Price Target
8.43 CNY
30% Downside
Highest
Price Target
13.5 CNY
12% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for Haitong Securities Co Ltd is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Average
Highest
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
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Profile

Haitong Securities Co Ltd Logo
Haitong Securities Co Ltd

Country

China

Industry

Financial Services

Market Cap

133.7B CNY

Dividend Yield

0%

Description

Haitong Securities Co Ltd is a CN-based company operating in Capital Markets industry. The company is headquartered in Shanghai, Shanghai and currently employs 11,631 full-time employees. Haitong Securities Co., Ltd. is a China-based company principally engaged in security businesses. The firm operates its businesses through securities and futures broking, investment banking business, proprietary security business, direct investment business, security asset management, financing lease business and overseas business. The firm conducts its businesses in domestic and overseas markets.

Contact

SHANGHAI
Shanghai
No.689, Guangdong Road
+862123219000.0
www.htsec.com

IPO

1994-02-24

Employees

11 631

Officers

Executive Chairman
Mr. Jie Zhou
GM & Executive Director
Mr. Jun Li
Deputy GM & CFO
Mr. Xinjun Zhang
Deputy GM & Chief Information Officer
Mr. Yuxing Mao
Chief Compliance Officer
Ms. Huiwen Zhao
Chief Business Officer
Mr. Xiangyang Zhang
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Chief Risk Officer
Mr. Xu Shi
Joint Company Secretary
Mr. Changjiang Pei
Head of the Accounting Department
Mr. Zhong Ma
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See Also

Discover More
What is the Intrinsic Value of one Haitong Securities Co Ltd stock?

The intrinsic value of one Haitong Securities Co Ltd stock under the Base Case scenario is 11.74 CNY.

Is Haitong Securities Co Ltd stock undervalued or overvalued?

Compared to the current market price of 12.01 CNY, Haitong Securities Co Ltd is Overvalued by 2%.

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